The billionaire house of cards

The 99% are done waiting. Billionaire fortunes hit a record high and the G20’s effort on inequality has been deleted

- Jenny Ricks

The rest of us: Gen Zs in Kenya, Indonesia, Peru, Mexico and beyond are rising to show that they will not be silent while their futures are stolen. Photo: wetheninetynine

(wetheninetynine)

The problem is hiding in plain sight when the world’s richest openly admit they see climate breakdown coming — but only as a problem for others.

A new global report, Billionaire Ambitions Report 2025, is a revealing read.

It shows super-rich wealth has hit an all-time high of $15.8 trillion, up 13% in a single year.

And to future-proof this dystopia, they plan to transfer nearly six trillion dollars of dynastic power to their nepo-baby kids to lock wealth into bloodlines while the 99% face floods, hunger, and repression today.

The rich see collapse coming - but not for themselves

It is a tale of two realities — Gen Z versus the billionaires.

While billionaires publicly admit they know climate collapse is a “challenge for young people”, just 14% of them think it will threaten their own wealth anytime soon.

More than half say climate change will be one of the biggest challenges young people must overcome, while the same billionaires say that their worries are about tariffs, taxes and market volatility hurting their profits.

Same world — different problems.

The elite know the world is burning, and are betting they will be dead or safe behind high gates when the flames reach them.

Climate collapse hits hardest in places drained by colonial extraction.