Commentary

Today’s amazing inequality facts

The good people at Inequality.org have stashed several nuggets of powerful information in today’s edition of Too Much: An online weekly on excess and inequality that will make you want to pound the table, but the story on the newest edition of Forbes magazine’s richest 400 gazillionaires is perhaps the most amazing — especially this little vignette on one of the richest of the plutocrats, former Oracle CEO Larry Ellison:

Take Larry Ellison, the third-ranking deep pocket on this year’s Forbes list. Ellison just stepped down as the CEO of the Oracle business software colossus. His net worth: $50 billion.

What does Ellison do with all those billions? He collects homes and estates, for starters, with 15 or so scattered all around the world. Ellison likes yachts, too. He currently has two extremely big ones, each over half as long as a football field.

Ellison also likes to play basketball, even on his yachts. If a ball bounces over the railing, no problem. Ellison has a powerboat following his yacht, the Wall Street Journal noted this past spring, “to retrieve balls that go overboard.”

And if Ellison’s ridiculous wealth doesn’t get you a little fired up, check out this graph from the same story showing just how rapidly he and his peers are leaving the rest of us in their wake:

Billionaires graph

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