MLive and West Michigan Billionaires: On the need to redefine wealth

MLive and West Michigan Billionaires: On the need to redefine wealth
by Jeff Smith (GRIID)
It’s another year and the richest people in Michigan are getting even richer.

Yesterday, MLive posted a story based on the annual Forbes listing of the wealthiest people on the planet.

The MLive story focuses mostly on the wealthiest people in West Michigan, noting that Doug & Hank Meijer have the most combined wealth at $7.2 billion, followed by Rich DeVos, with estimated wealth at $5.6 billion. Other Michigan billionaires mentioned in the article call Detroit home, Marian Ilitch and Dan Gilbert, worth $6 billion and $5.8 billion respectively.

Towards the end of the article it states:
https://griid.org/2017/03/22/mlive-and-west-michigan-billionaires-on-the-need-to-redefine-wealth/

Grand Rapids Institute for Information Democracy

It’s another year and the richest people in Michigan are getting even richer.

Yesterday, MLive posted a story based on the annual Forbes listing of the wealthiest people on the planet. 

The MLive story focuses mostly on the wealthiest people in West Michigan, noting that Doug & Hank Meijer have the most combined wealth at $7.2 billion, followed by Rich DeVos, with estimated wealth at $5.6 billion. Other Michigan billionaires mentioned in the article call Detroit home, Marian Ilitch and Dan Gilbert, worth $6 billion and $5.8 billion respectively.

Towards the end of the article it states:

“The number of billionaires globally climbed 13 percent to a record 2,043 from 1,810 last year, according to Forbes. Their total net worth jumped by 18 percent to $7.67 trillion, another record.”

The number of billionaires and their total net worth are staggering. However, what the MLive article fails to discuss are how…

View original post 550 more words

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