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No, this isn’t Swift, the worldwide financial institution messaging community, however Taylor Swift who’s now a unicorn, price greater than a billion {dollars}. Bloomberg experiences that “the success of the Eras tour — a Tremendous Bowl-sized occasion spanning quite a few cities that has shattered information, sparked ticket frenzies and even induced the equal of a small earthquake — has propelled the pop star’s web price previous $1 billion”. Different musical unicorns embody Jay-Z, Rihanna and Lord Andrew Lloyd-Webber though, being a pedantic, Lord Lloyd-Webber began earlier than 2000 so technically he’s not a unicorn.
Equally, the Rolling Stones aren’t actually a unicorn, however they’ve additionally simply develop into billionaires. “You may’t all the time get what you need,” sang the Rolling Stones in 1969. “However in case you strive someday you’ll discover you get what you want” … which in 2023 is a mixed wealth of £1 billion.
Billionaires are the brand new millionaires. For instance, as I learn that 33 year-old Taylor Swift has simply develop into a billionaire, I used to be watching a UK politics present the place Alex Karp, CEO of Palantir Applied sciences, was being launched as the billionaire.
It’s now not ok to be a millionaire, it’s essential to aspire to be a billionaire. It made me realise my age. Once I was rising up, everybody wished to be a millionaire.
Now, all of us need to be a billionaire. That’s inflation and devaluation for you. Factor is while there are over 3,000 billionaires worldwide, as of 2022, a excessive variety of the world’s inhabitants owns lower than 10,000 U.S. {dollars}.
This goes again to that dystopia of the 1%. Actually, in case you suppose there are greater than 8 billion individuals on Earth, it’s not the 1%. It’s the 0.0005%. That’s the billionaires. The millionaires? Nicely, they’re frequent as muck. Actually, there are round 60 million, in keeping with Visible Capitalist:
However then I say they’re frequent, it’s nonetheless lower than 1% of the world’s inhabitants. The privilieged. The few.
It type of all the time brings me again to that onerous hitting headline from Oxfam a number of years in the past, that eight individuals personal half the world’s wealth.
No drawback with that … or no drawback with that?
Meantime, again to Taylor Unicorn. How come she’s so rich so younger? Nicely, the brand new tour makes an enormous distinction (Eras) as does her re-recording all her backlog to flee the clutches of her unique recording firm.
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