Politifact has the story Meme way off in claim that the Rothschild family holds ’80 percent of the world’s wealth’. As discredited as Politfact may be, surely there is an ounce of truth in this article. Well, maybe not surely.
A meme recirculating the internet claims the Rothschild family “holds about 80 percent of the world’s wealth,” and thus has the ability to “feed, clothe and settle every man, woman and child” if they so choose.
The family is certainly wealthy but claiming they control 80 percent of the world’s wealth is a tall order. There is no longer any centralized family wealth, with the closest being an investment banking firm. But the firm’s revenues are far less than what many corporations make.
The rumor is a baseless exaggeration that furthers the spread of anti-Semitic theories.
We rate it Pants on Fire!