Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

5/11/2014 (2 years ago)

Catholic Online (

British capital is home to majority of world's billionaires

It's cold, foggy and rainy most of the year. No matter: London, England hosts the most billionaires in the world - far away from the expected sunny travel sports one sees in brochures. Furthermore, tiny Britain has more billionaires per head of population than any other country, according to new data.

On the other side of the coin, the Trussell Trust, Britain's largest food bank network, said the number of people that had approached them for emergency food had risen 163 percent in the year to the end of March to just over 913,000 people.

On the other side of the coin, the Trussell Trust, Britain's largest food bank network, said the number of people that had approached them for emergency food had risen 163 percent in the year to the end of March to just over 913,000 people.


By Catholic Online (NEWS CONSORTIUM)

Catholic Online (

5/11/2014 (2 years ago)

Published in Business & Economics

Keywords: Billionaires, London, hunger

LOS ANGELES, CA (Catholic Online) - The revelation of Britain's super-rich may prompt debate in a country where many still struggle financially. Food banks here are a fact of life, despite economic growth recently returning to levels not seen since the 2008 financial crash
London is home to 72 of Britain's 104 sterling billionaires. This places the foggy city far ahead of Moscow in second place with 48 people worth the equivalent of one billion pounds or more. New York is in third place with 43 billionaires, San Francisco in fourth place with 42, Los Angeles has 38 and Hong Kong in sixth place with 34.

Indian-born brothers Sri and Gopi Hinduja top the British list with a fortune of $20.1 billion in U.S. Dollars. |The brothers' cache has been amassed through the family-owned Hinduja Group, which has interests in oil, banking, the automotive industry, property and the media.

The pair nudged last year's top of the billionaire list, Alisher Usmanov, to second place. The Uzbekistan-born Russian's fortune has been hit by the fall in value of the ruble and Russian stock prices due to the Ukraine crisis.

Others crowding the top 25 include Ukrainian-born Internet, chemicals and music industry investor Len Blavatnik in fourth place, property magnate the Duke of Westminster, Gerald Grosvenor, in tenth place, and Saudi-born Mohamed Bin Issa Al Jaber and his family, known for their hotel and resort investments, in thirteenth place.

It's been a good year overall for the United Kingdom. It's the first year the minimum wealth of Britain's 50 richest people has topped 1.5 billion pounds. Only 700 million pounds was needed to join the exclusive club a decade ago.

Find out how you can fill the gaps to end world hunger - by going here!

Britain's 104 billionaires have a total wealth of 301.13 billion pounds, compared to 88 a year ago with a combined worth of 245.66 billion pounds.

On the other side of the coin, the Trussell Trust, Britain's largest food bank network, said the number of people that had approached them for emergency food had risen 163 percent in the year to the end of March to just over 913,000 people.

This figure is "shocking," particularly as it does not include those helped by other food providers or the large number of people too ashamed to seek help and who cope by eating less food.


Pope Francis: end world hunger through 'Prayer and Action'

Copyright 2016 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for SEPTEMBER 2016
Centrality of the Human Person: That each may contribute to the common good and to the building of a society that places the human person at the center.
Evangelization: Mission to Evangelize: That by participating in the Sacraments and meditating on Scripture, Christians may become more aware of their mission to evangelize.


More Business & Economics

Another warning. The world is about to run low on JOBS as automation takes over Watch

Image of What will we do in a world without work?

By Marshall Connolly (CALIFORNIA NETWORK)

More data and more warnings. The fourth industrial revolution has started. It will be jobless and many people will lose their employment, or be forced to compete for their jobs. The result is, you will probably be unemployed, or accept low wages to survive. LOS ... continue reading

Don't like my writing? Then meet my replacement! - A.I. to replace journalists starting NOW Watch

Image of Many jobs are surprisingly vulnerable to automation.

By Marshall Connolly (CALIFORNIA NETWORK)

Don't like my writing? Then meet my replacement! Robot journalists are rolling out in England and Ireland and they are the first of a new wave of AI that can take over jobs requiring critical thinking skills. LOS ANGELES, CA (California Network) -  The first robo ... continue reading

The world is $152 TRILLION in DEBT - Global economic collapse looms as governments struggle Watch

Image of The world is drowning in debt and it's not likely to be paid off anytime soon. The implications of this are disastrous.

By Marshall Connolly (CALIFORNIA NETWORK)

The world is on track to enter a deep, global recession unless it begins paying down its debts. This is the risk the world faces as the International Monetary Fund reports the world is $152 trillion in debt. LOS ANGELES, CA (California Network) - The world is deep in ... continue reading

Robots take over pizza joint! Fast food jobs due to be phased out Watch

Image of Zume pizza is making pizza with robots. In the next few years, the fast food industry is expected to automate significantly.

By Marshall Connolly (CALIFORNIA NETWORK)

A pizza startup in Silicon Valley is about to change the way you get your pizza, and possibly many of your other meals as well. Zume pizza is using robots to make your pizza and has plans to fully automate the process. Robots are on their way into restaurants across ... continue reading

Are Americans WRONG about work? How a Catholic approach to work actually increases profits Watch

Image of Ironworkers building the Rockefeller Center take lunch in this iconic photo from New York. (1932)

By Marshall Connolly (CALIFORNIA NETWORK)

Are Americans wrong about work? New research and practical experience suggests we Americans are wrong about work, and that if we want to be more productive, we may have to work less. LOS ANGELES, CA (California Network) - The news from Sweden is promising. Some workers ... continue reading

The economic problem that could destroy America TODAY Watch

Image of Stagnant wages are a threat to our already weak economy. Fortunately, there's a positive trend as some employers begin hiking wages.

By Marshall Connolly (CALIFORNIA NETWORK)

The economy is growing slowly, and the bad news comes at a time when the Federal Reserve is contemplating an interest rate hike. The combination of a sluggish economy and rising interest rates could lead to a recession. LOS ANGELES, CA (California Network) - The U.S. ... continue reading

Business Management Expert Patrick Lencioni Applies Expertise To Catholic Parishes

Image of


Amazing Parish ministry prepares to send 14,000 copies of "The Better Pastor" to parishes around the country. New York Times best-selling author Patrick Lencioni is best known for books such as Death By Meeting and The Five Dysfunctions of A Team that use extended ... continue reading

Middle class continues to collapse into poverty - but here's how we can stop it Watch

Image of The middle class is shrinking, and it's largely its own fault. Middle class voters commonly vote against their own self interest.

By Marshall Connolly (CALIFORNIA NETWORK)

The middle class is going extinct, according to another new study. The result confirms what many fear, changes in the economy are not favorable to those in the middle. We are not prepared for the changes that are occurring. LOS ANGELES, CA (California Network) - The ... continue reading

Their fault? Millennials earning less than any previous generation since before WWII Watch

Image of Boomers still hold the upper hand, but they're slipping with age. Millennial influence is growing, so their attitudes and beliefs matter.

By Marshall Connolly (CALIFORNIA NETWORK)

Something is wrong with our economy, and the future is more troubling that it has been in almost a century. A study reveals that British millennials are earning less than their parents. The implications  are staggering. LOS ANGELES, CA (California Network) - A ... continue reading

Newsprint continues to decline and these FOUR companies are making all the money on the internet Watch

Image of Most people don't want the newspaper anymore, even if it were free.

By Marshall Connolly (CALIFORNIA NETWORK)

A Pew survey reveals that newsprint is dying and more people are turning to the internet and video for their news. Newspapers have lost 7 percent of their daily circulation over the past year alone. LOS ANGELES, CA (California Network) - The 13th annual Pew Research ... continue reading

All Business & Economics News


Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Subscribe to Catholic OnlineYouTube Channel

Daily Readings

Reading 1, Ephesians 6:10-20
10 Finally, grow strong in the Lord, with the strength of his ... Read More

Psalm, Psalms 144:1, 2, 9-10
1 [Of David] Blessed be Yahweh, my rock, who trains my hands for war and ... Read More

Gospel, Luke 13:31-35
31 Just at this time some Pharisees came up. 'Go away,' they said. 'Leave ... Read More

Saint of the Day

Saint of the Day for October 27th, 2016 Image

St. Frumentius
October 27: Called "Abuna" or "the fa¬≠ther' of Ethiopia, ... Read More