Jews and Wealth: Misconceptions and Reality

Jews and Wealth: Misconceptions and Reality

shylock

I have become fatigued with the constant nonsense about Jews being wealthy and the resulting antisemitism that notion gives rise to.  I’m annoyed because, as a member of the faith, I work just as hard as anyone else, have the same bills to pay and so do all my friends.  Recently in conversation someone said about a possible business venture: “C’mon, you’re Jewish, you know how to make money”.

Recently, an article surfaced discussing wealth disparity.

http://fivethirtyeight.com/datalab/meet-the-80-people-who-are-as-rich-as-half-the-world/

It lists 80 people in the world who have the equivalent wealth of 3.6 billion of the poorest people on the planet.  The total that wealth this list holds is $1.9 trillion collectively.  Were this wealth to be redistributed (a verboten term in economics) each of the 3.6 billion people would have $528 US.  When considering this figure, realize that $528 US may be a large amount of money for someone in a country with a floundering or non-existent economy.  It may seem off topic to discuss wealth redistribution but it has been a common theme in history that ‘fleecing the Jews’ will solve the world’s problems.  Not even fleecing the worlds top 80 wealthiest (Jewish and Non-Jewish alike) would accomplish that.

So analyzing the data for the percentage of Jewish people vs Non-Jewish we get 25% whereas, according to Wikipedia, the Jews represent 0.1% of the world’s population.  Clearly there is a disproportional representation and numerous essays and books have been proffered to explain the discrepancy.  They all revolve around Jews, historically, being relegated to banking and Judaism being an erudite religion.  Here is an example of one of the many theories along these themes, this one being relatively new:

chosenfew_homepage_lede

http://www.pbs.org/newshour/making-sense/the-chosen-few-a-new-explanati/

Just the same 25% does not represent a Jewish monopoly on wealth, far from it.

Moreover, the data reveals that 100% of the Jews on this list were self made whereas only half of the Non Jews on the list were self made.  This dispels the notion that a great Jewish conspiracy (specifically collusion) is responsible for Jewish wealth.

I doubt that this data will change opinions however because the need for a scapegoat and someone to blame for one’s lot in life supersedes logic and data.  However, if one chooses to continue this diatribe about Judaism and wealth, they should know that the data does not support their twisted world view.


Here is the data I used to derive the statistics:

(source: http://fivethirtyeight.com/datalab/meet-the-80-people-who-are-as-rich-as-half-the-world/)

Ranking Name Wealth ($Billions) Country Self Made? Industry Jewish?
1 Bill Gates $76 USA Tech No
2 Carlos Slim Helu $72 Mexico Telecom No
3 Amancio Ortega $64 Spain Retail No
4 Warren Buffett $58 USA Finance No
5 Larry Ellison $48 USA Tech Yes
6 Charles Koch $40 USA Diversified No
7 David Koch $40 USA Diversified No
8 Sheldon Adelson $38 USA Entertainment Yes
9 Christy Walton $37 USA Retail No
10 Jim Walton $35 USA Retail No
11 Liliane Bettencourt $35 France Product No
12 Stefan Persson $34 Sweden Retail No
13 Alice Walton $34 USA Retail No
14 S. Robson Walton $34 USA Retail No
15 Bernard Arnault $34 France Luxury No
16 Michael Bloomberg $33 USA Finance Yes
17 Larry Page $32 USA Tech Yes
18 Jeff Bezos $32 USA Retail No
19 Sergey Brin $32 USA Tech Yes
20 Li Ka-shing $31 Hong Kong Diversified No
21 Mark Zuckerberg $29 USA Tech Yes
22 Michele Ferrero $27 Italy Food No
23 Aliko Dangote $25 Nigeria Commodities No
24 Karl Albrecht $25 Germany Retail Yes
25 Carl Icahn $25 USA Finance Yes
26 George Soros $23 USA Finance Yes
27 David Thomson $23 Canada Media No
28 Lui Che Woo $22 Hong Kong Entertainment No
29 Dieter Schwarz $21 Germany Retail No
30 Alwaleed Bin Talal Alsaud $20 Saudi Arabia Finance No
31 Forrest Mars Jr. $20 USA Food No
32 Jacqueline Mars $20 USA Food No
33 John Mars $20 USA Food No
34 Jorge Paulo Lemann $20 Brazil Drinks No
35 Lee Shau Kee $20 Hong Kong Diversified No
36 Steve Ballmer $19 USA Tech Yes
37 Theo Albrecht Jr. $19 Germany Retail No
38 Leonardo Del Vecchio $19 Italy Luxury No
39 Len Blavatnik $19 USA Diversified Yes
40 Alisher Usmanov $19 Russia Extractives No
41 Mukesh Ambani $19 India Extractives No
42 Masayoshi Son $18 Japan Telecom No
43 Michael Otto $18 Germany Retail No
44 Phil Knight $18 USA Retail No
45 Tadashi Yanai $18 Japan Retail No
46 Gina Rinehart $18 Australia Extractives No
47 Mikhail Fridman $18 Russia Extractives Yes
48 Michael Dell $18 USA Tech Yes
49 Susanne Klatten $17 Germany Cars No
50 Abigail Johnson $17 USA Finance No
51 Viktor Vekselberg $17 Russia Metals No
52 Lakshmi Mittal $17 India Metals No
53 Vladimir Lisin $17 Russia Transport Yes
54 Cheng Yu-tung $16 Hong Kong Diversified No
55 Joseph Safra $16 Brazil Finance Yes
56 Paul Allen $16 USA Tech Yes
57 Leonid Mikhelson $16 Russia Extractives Yes
58 Anne Cox Chambers $16 USA Media No
59 Francois Pinault $16 France Retail No
60 Iris Fontbona $16 Chile Extractives No
61 Azim Premji $15 India Tech No
62 Mohammed Al Amoudi $15 Saudi Arabia Extractives No
63 Gennady Timchenko $15 Russia Extractives No
64 Wang Jianlin $15 China Real Estate No
65 Charles Ergen $15 USA Telecom No
66 Stefan Quandt $15 Germany Cars No
67 Germán Larrea Mota Velasco $15 Mexico Extractives No
68 Harold Hamm $15 USA Extractives No
69 Ray Dalio $14 USA Finance No
70 Donald Bren $14 USA Real Estate No
71 Georg Schaeffler $14 Germany Product No
72 Luis Carlos Sarmiento $14 Colombia Finance No
73 Ronald Perelman $14 USA Finance Yes
74 Laurene Powell Jobs $14 USA Entertainment No
75 Serge Dassault $14 France Aviation No
76 John Fredriksen $14 Cyprus Transport No
77 Vagit Alekperov $14 Russia Extractives No
78 John Paulson $14 USA Finance No
79 Rupert Murdoch $14 USA Media No
80 Ma Huateng $13 China Tech No

2 thoughts on “Jews and Wealth: Misconceptions and Reality

  1. Thanks, I used a white supremacy website to find out who was Jewish or not. I guess they tend to ’round up’ because Albrecht sounds Jewish.

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