Class Notes (835,300)
Canada (509,079)
Langara College (1,809)
Sociology (80)
SOCI 1127 (40)
K.Mazri (40)
Lecture

Billionaires.docx

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Department
Sociology
Course
SOCI 1127
Professor
K.Mazri
Semester
Summer

Description
Billionaires Top billionaires Ownership of big corporation In Canada David Thomson Father ken Grandfather lord Thomson of fleet Weston family Retail empire Superstore, etc Wealth: assess minus liabilities Income: flow over a year Canada's billionaires 61 Canadian billionaires, 0.0002% of national population Combined wealth: 162 billion 5x as large as the federal govt 2010 deficit (33.4 billion) Those 61 own about 6% of all personal net worth in Canada which totaled 2.8 trillion in 2010 In contrast, the bottom 50% of Canadians owns about 3% of personal net worth 2005 figures -- 61 individuals own twice as much wealth as bottom 17 million Canadians Almost half live in Ontario Average billionaire wealth ,across the 61 unweighted,grew by 8.4% in the last year Over three times as fast as the 2.5 increase in average hourly earning for Canadian workers The average wealth of billionaire sundresses - on a weight basis- by just under 100 million each in the last year In contrast, average household net fina
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