Sunday, June 03, 2007

How Rich are YOU?

I got this link from India Uncut, and seems interesting.

I dont know how effective it is, and apart from having the USD and GBP exchange rate a bit wrong (I think they still value the USD much stronger) it also I think gives a bit of a rosy picture, (I guess to motivate you to donate a bit more)

Try it out (How Rich are You?)

Do you think it is real?
Were you surprised (i.e. your rank in the world is higher or lower than you had expected?

Please do let me know by posting in the comments section.
For me, I was positively surprised, as for some one sharing an apartment, having bicycle as sole mode of transport and not having a television at home to save money, the site surely puts me way above what I would think my true networth is.

I would like to distinguish between wealth and income. Wealth is total assets that one has, and Income is what is earned in a year.
Though I think my income is high, my expenditure is higher, and my past being as modest as it was, surely in the wealth list I would be way way down in the order.

Also the interesting part is, once you put in a lot of numbers, to look at the wealth index, it shows a non linear distribution.

For example a Medical Intern in India (earning paltry Rs. 1700 a month or USD 500 per annum is ranked in top 80%ile of the world), a lecturer in a Mumbai college with income of USD 2400 per annum is ranked 14.95%ile of the world

Any one earning more than half a million dollars is in top 0.001% of the world.

Below is the table

Profession -------------------USD -------------% of people above you
Below Poverty line------------365-------------------- 91%

MBBS Intern in India --------500-------------------- 80%

Call Center Employee -------5,000-------------------14.39%

H1-B Software

Programmer in US ----------50,000-------------------0.98%

Avg salary in US B-school ---100,000------------------0.66%

CEOs of India Inc------------200,000------------------0.01%

Movie Stars, Sports Stars,
Politicians, CEOs in US,------500,000-----------------0.001%

Where do you stand?

(P.S. Sorry for the sad formatting, wasnt able to get it in line in any other way)

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