The average British earner would have to work for a staggering 35,715 years to make a billion and join the world’s top tycoons, as revealed in a newly launched innovative tool.
Budget Insurance reveals a wealth of stats and facts about the world’s richest people, demonstrating how average UK workers stack up against top tycoons like Mark Zuckerberg and Bill Gates in ‘The World’s Richest: How Do They Compare?’.
Daydreaming about striking it rich or how many pay cheques it would take to save a life-changing financial sum is common. Discover how average British earners really compare to the world’s richest and take a deep dive into their traits, exploring comparisons over the last decade and even seeing how many years of hard graft are required to join that prestigious world rich list.
In its latest discovery piece, Budget Insurance reveals that a worker in the UK on the average wage of £28,000 would need to work roughly 35,715 years to make their first billion.
The results also reveal that the net worth of those gracing the rich list has increased by $26.88 billion (78%) over the last decade. The average net worth of the world’s current top 10 richest is $61.28 billion whilst, in contrast, the average British person currently has a net worth of £147,134.
The average worker’s net worth may not be as jaw-dropping as that of the world’s most affluent, but it is imperative for everyone to safeguard assets like health and the home by ensuring that the right insurance cover is in place. Yet despite the huge differences in assets between the world’s richest and the average worker, there are some surprising similarities. Government statistics indicate that 32% of Brits have two or more cars, much like the billionaires in the top 10, who typically own between two and three cars each. However, a rough estimation of annual insurance of £575 for a 2017 Ford Focus pales into insignificance against the cost of insuring Bill Gates’ Porsche 911 Carrera at £2,794.52.
Anna McEntee; Associate Director Consumer Marketing; Frontline at Budget Insurance, said: “It’s fascinating to hear how the other half lives. We imagine they probably all have an army of assistants to keep them on top of their household admin – but whether that’s the case or not, we’re sure it’s just as important to them as it is to us to ensure they have the right insurance to protect the things they hold dear.”
From net worth to hair colour, height to children, the piece compares the traits of today’s richest and pits them against data over the last decade.
What’s more, the insurance provider has delved into how much money the world’s richest have donated to charity, their Twitter followers and the number of times they’ve been married, amongst other personal traits like car and home ownership.
The 10 Richest People in the World 2017
- Bill Gates
- Warren Buffett
- Jeff Bezos
- Amancio Ortega
- Mark Zuckerberg
- Carlos Slim
- Larry Ellison
- Charles Koch
- David Koch
- Michael Bloomberg
(Source: Budget Insurance)