Comment on Why does China have so many multi billionaires if they are aiming to be a communist country?

nitroemdash@lemmy.wtf ⁨1⁩ ⁨week⁩ ago

The net worth of the world’s billionaires is over $16 trillion in 2025¹. 1% being 160 billion. On average, around every 4000 USD send to the most effective charity saves someone’s life². So around 40 million children.

This doesn’t account, of course, for the difficulty of selling large amounts of stocks without them losing value and the fact that, as low-hanging dangers are depleting, each subsequent child would be more costly to save.

¹ Wikipedia contributors. (2026, August 3). The World’s Billionaires. In Wikipedia, The Free Encyclopedia. Retrieved 18:47, August 11, 2026, from en.wikipedia.org/w/index.php?title=The_World's_Bi…

² GiveWell. (2026, February). How Much Does It Cost To Save a Life? givewell.org/how-much-does-it-cost-to-save-a-life

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