Who are the one per crore?

Logo for the #OnePerCrore

Who is the One per Crore. 700 people control almost half the wealth in the world. Who are they?

The planet is not dying it is being killed and the people killing it have names and addresses, said singer activist and well known wobbly, Utah Phillips.

If we know the names and addresses of the 700 people who control the wealth and armies of the planet, then we might be able to adjust their behaviour.

Taking the Forbes rich list of 1,9oo billionaires and chopping it off at 700 would give us a partial result, but it excludes royalty and dictators. Also, the arms dealers, drug runners, slave traders and engangered animal merchants deliberately keep themselves off the list.

Note that five percent of the 2,000 billionaires on the planet (ie 100 people) own more than $US10,000,000,000 (or to use the Vedic system, 100 crore $1,00,00,00,000). We might take them as our first tranche and see where that gets us.

The top ten of the Forbes list are as follows.

No. Name Net worth (USD) Age Nationality Source(s) of wealth
1 Bill Gates $75.0 billion 60  United States Microsoft
2 Amancio Ortega $67.0 billion 79  Spain Inditex
3 Warren Buffett $60.8 billion 85  United States Berkshire Hathaway
4 Carlos Slim $50.0 billion 76  Mexico TelmexGrupo Carso
5 Jeff Bezos $45.2 billion 52  United States Amazon.com
6 Mark Zuckerberg $44.6 billion 32  United States Facebook
7 Larry Ellison $43.6 billion 71  United States Oracle Corporation
8 Michael Bloomberg $40.0 billion 74  United States Bloomberg L.P.
9 Charles Koch $39.6 billion 80  United States Koch Industries
9 David Koch $39.6 billion 75  United States Koch Industries
11 Liliane Bettencourt $36.1 billion 93  France L’Oreal

I find it somewhat refreshing that six of the ten are tech related and there is a fashionista in there as well. Two are financiers and the Koch brothers are the biggest coal barons in the world and among the largest funders of the climate denial campaign of which Senator Malcolm Roberts is the latest outgrowth.

Of course, political power amounts to something even if we cannot simply give every politician that represents one crore of people a place in the one per crore and leave it at that. While that would represent one person one vote, the politicians from the world’s twentiest richest nations wield much more significant power than the one hundred poorer ones.

Here are the twenty richest nations.

 

Country
population (1000s) adults (1000s) Share of world population (%) Share of adult population (%) Wealth per capita Wealth per adult Share of world wealth (%) GDP per capita
World 6085576 3697511 100 100 26416 43494 100 7675
 United States
284154 202865 4.67 5.49 143727 201319 25.4 35619
 Japan
127034 100933 2.09 2.73 124858 157146 9.86 25924
 China
1251788 842063 20.57 22.77 11267 16749 8.77 3844
 United Kingdom
58670 43871 0.96 1.19 128959 172461 4.71 24252
 Germany
82344 64810 1.35 1.75 90768 115325 4.65 23917
 Italy
57715 46416 0.95 1.26 120897 150327 4.34 22876
 India
1021084 570595 16.78 15.43 6513 11655 4.14 2684
 France
59278 44358 0.97 1.2 94557 126360 3.49 23614
 Spain
40717 32165 0.67 0.87 93086 117837 2.36 19037
 Brazil
173858 104213 2.86 2.82 19676 32825 2.13 7745
 Canada
30689 22764 0.5 0.62 89252 120326 1.7 28731
 Russia
146560 107493 2.41 2.91 16579 22604 1.51 9996
 Mexico
100088 56132 1.65 1.52 23488 41881 1.46 9711
 Taiwan
22191 15476 0.37 0.42 100009 143405 1.38 19714
 South Korea
46779 33242 0.77 0.9 45278 63716 1.32 14937
 Netherlands
15898 12046 0.26 0.33 121165 159910 1.2 25759
 Australia
19071 13690 0.31 0.37 90906 126635 1.08 27193
 Indonesia
209174 124446 3.44 3.37 7973 13401 1.04 4035
 Turkey
68234 40391 1.12 1.09 22379 37806 0.95 7414

Note that the Indonesians are set to pass Australia, we might soon be begging for a seat at the G30 if we want to keep our nose in world affairs. The point here is that a small number of relatively underpopulated nations compete with China, India and Brazil, the USA, Indonesia and Russia for a place at the big table.

If we put in a political ofical for every crore of people in the G20 that would give us another 200 candidates for the 700 one per crore. Around 30 of them would be citizens of the USA, and 125 of them members of the Chinese Communist party. Russia would only get 15 places in this slice of the population, but it has around 60 billionaires to build up its numbers. This might be over estimating the power of political influence but it is at least a start.

Now that leaves out world leaders who have scammed their way into the game without declaring their hand.

Aross all time, the world’s most corrupt leaders have been named by Transparency International. A look at their embezzled fortunes, makes you realise how much wealth the truly wealthy have, even when you take inflation into account.

World’s Ten Most Corrupt Leaders

Name Position Funds embezzled2
 1. Mohamed Suharto President of Indonesia (1967–1998) $15–35 billion
 2. Ferdinand Marcos President of the Philippines (1972–1986) 5–10 billion
 3. Mobutu Sese Seko President of Zaire (1965–1997) 5 billion
 4. Sani Abacha President of Nigeria (1993–1998) 2–5 billion
 5. Slobodan Milosevic President of Serbia/Yugoslavia (1989–2000) 1 billion
 6. Jean-Claude Duvalier President of Haiti (1971–1986) 300–800 million
 7. Alberto Fujimori President of Peru (1990–2000) 600 million
 8. Pavlo Lazarenko Prime Minister of Ukraine (1996–1997) 114–200 million
 9. Arnoldo Alemán President of Nicaragua (1997–2002) 100 million
10. Joseph Estrada President of the Philippines (1998–2001) 78–80 million
Source: Transparency International Global Corruption Report 2004 (not updated since)

There needs to be a tranche of members based on military influence and then some way of accounting for the crooks.

Cross referencing, updating and fleshing out these sources is just the beginning of a project to identify the One per Crore, the one in ten million people who actually call the shots. That is the 700 people in the world who we might clearly claim are running it. Once we have their names and addresses we can start working on ways to help them manage their affairs more in line with our communal and long term interest.

The Cage welcomes your suggestions on ways to flesh out this list.

Comment below.

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