|Steel magnate Lakshmi Mittal has 12,700,000,000 reasons to be cheerful|
For the seventh year running, the list is topped by steel tycoon Lakshmi Mittal on £12,700m. Just £385m behind Mittal is Alisher Usmanov, boss of Russia's biggest iron ore company. Compatriot and Chelsea FC owner Roman Abramovich is in third, on £9,500m. Ironically, the top three bucked the general elite trend, with each seeing a decrease in their worth compared to 2010.
The Telegraph reports that:
"Some of the biggest gains have been made by those who do not fall in the billionaire bracket, or even those with fortunes of over £750m. The wealth of individuals with between £330m and £750m has gone up 7.8 per cent this year, with those worth £328m to £151m seeing their fortunes grow by 9 per cent. That compares to a rise of just 2.5 per cent in the wealth of the richest 100."The Rich List is always a sickening affair, but as the contradictions in capitalist society become all the more horrific, the statistical breakdown is absolutely dizzying. Forget 'the 1%' of Occupy, just the wealth of this 0.0000161% of the UK population would be enough to make a huge improvement to our lives, were it to be equally distributed.
The total of £414 billion amassed by this ultra-parasitical layer would make a significant dent in the national debt of £1.3 trillion - the primary excuse for the government's colossal spending cuts. Were just the increase since last year to be shared between the population of 62 million, it would still amount to £333 each - enough for a cheap holiday perhaps, or more likely one month's food bill. If this top thousand were to be totally expropriated, the shakedown would net us £6,660 per person.
This needs to happen.