It would appear that Bill Gates' halo must be slipping. According to Forbes business magazine, The Microsoft co-founder is now only the 3rd wealthiest man in the world with his personal fortune only having increased by a mere $2bn last year to a total of $58bn, whilst investment guru Warren Buffett’s personal wealth increased by $10bn over the same period to a total of $62bn. And let’s not forget Carlos Slim Helu, a Mexican communications magnate who pipped Mr Gates to second position and who saw his personal wealth double over the past two years.
Now before you get out your handkerchief and weep for Bill Gates let’s get some of these figures into perspective. According to World Bank estimates, $54bn a year would eliminate starvation and malnutrition by 2015, whilst $30bn would provide a year of primary education for every child on earth (source: Boston.com).
Sobering stuff.
But, the problem I have with the Forbes analysis has nothing to do with Bill Gates, Warren Buffett or Carlos Slim Helu - at least not directly, but has everything to do with definition. Now I don’t for one minute expect a business-orientated magazine, to characterize ‘wealth’ as relating to anything other than financial accumulation, but I do think that they - and western society in general - are very much wide of the mark.
By contrast, The Talmud suggests that the one who is wealthy is the one who is happy with his lot (Talmud Avot 4:1), which effectively means that true wealth is not so much about what you own materially, but rather more about appreciating and accepting your blessings, irrespective of your financial position.
Of course, money has the potential to bring tremendous benefit to the world around us, particularly if it is used to create opportunities for others rather than just seen as a means of accumulation. But, how many so-called ‘wealthy’ people are content with what they have, such as their nearest and dearest, or focus on the contribution they can make to the world around them?
Take the porn king Paul Raymond who died this week.
In his lifetime he amassed a £650mn fortune, but died alone as a virtual recluse, his marriage having collapsed because of his infidelity, he was estranged from his son, whose own children subsist on benefits, and had never recovered from death of his daughter from a drugs overdose 17 years ago.
Can Mr Raymond really be said to have died 'wealthy'?
Psychiatrist and Rabbi, Abraham Twerski recounts an old story of an old beggar who was given a magic purse, which contained a single dollar, and when he removed the dollar, another dollar would take its place. Three days later he was found dead, lying on a heap of dollars.
The moral of the story being that unless a person learns to appreciate with what they have, they will never have enough and most certainly cannot be classed as ‘wealthy’.