Financing
See: Economic Inequality, Funding, Finance, List of Banks, Banks, Banking, Investment, Greed of The Powers That Be: Trillionaires, Billionaires of THE Families, The 1/100 of 1 Percenters
- Snippet from Wikipedia: Funding
Funding is the act of providing resources to finance a need, program, or project. While this is usually in the form of money, it can also take the form of effort or time from an organization or company. Generally, this word is used when a firm uses its internal reserves to satisfy its necessity for cash, while the term financing is used when the firm acquires capital from external sources.
Sources of funding include credit, venture capital, donations, grants, savings, subsidies, and taxes. Funding methods such as donations, subsidies, and grants that have no direct requirement for return of investment are described as "soft funding" or "crowdfunding". Funding that facilitates the exchange of equity ownership in a company for capital investment via an online funding portal per the Jumpstart Our Business Startups Act (alternately, the "JOBS Act of 2012") (U.S.) is known as equity crowdfunding.
Funds can be allocated for either short-term or long-term purposes.
- Snippet from Wikipedia: Billionaire
A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.
As of April 2024, there are 2,781 billionaires worldwide, with a combined wealth of over US$14.2 trillion, up from US$12.2 trillion in 2023. According to a 2024 Oxfam report, the world's top 1% of earners own more combined wealth "than 95% of humanity". As of October 2024, seventeen people have reached the status of USD centibillionaires, meaning that each has had a net worth of at least $100 billion.
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