Tote Arbeit / Dead Labour
$20.2T and counting
The combined wealth of the world’s billionaires has more than doubled since 2019, growing at 16.87% per year — doubling every 4.4 years.
2219 data points · 2019-08-15 – 2026-05-25 · Trend fit from 2022-10-14
What does this wealth represent?
To situate the scale of billionaire wealth, here are comparisons to typical US worker earnings. These are not moral arguments — they are units of measurement.
Dead Labour
Red Dead Labour — two references in one name:
"Capital is dead labour, that, vampire-like, only lives by sucking living labour, and lives the more, the more labour it sucks."
— Marx, Capital, Vol. I, Ch. 10
In Marx’s critique, "dead labour" refers to the product of past work—machines, buildings, money—that has been crystallised into capital. The product of labour is no longer shared; it no longer serves the life of the community that created it. But this "dead labour" does not stay dead. It returns like a vampire to drain the energy of living workers, growing ever more powerful the more labour it consumes. What Marx gives us, in the words of scholar Mark Neocleous, is "the political economy of the undead."
The Red Dead part echoes Poe’s "The Masque of the Red Death" — a group of wealthy people isolated from the rest of the world, living by their own rules, a clock chiming a disturbing melody, finally a spectre is haunting their masquerade — the spectre of the Red Death.
Last updated: 2026-05-25
Methodology
Data sources
Forbes Real-Time Billionaires
Daily wealth estimates for all tracked billionaires, retrieved from the Forbes API via the Wayback Machine and live collection.
Internet Archive / Wayback Machine
Archived Forbes API snapshots covering 2019 through 2024, with partial overlap into 2025. Provides the historical backbone of the dataset; coverage density varies — not every day has a snapshot. One known artefact (2025-03-05) has been patched at source.
Forbes live API
Daily live collection since early 2025, seamlessly appended to the Wayback archive. Together the two sources span 2019-08-15 to present. Stored as partitioned Parquet (5-year windows, Brotli compression).
Growth calculation
Log-linear regression
An exponential fit is estimated by regressing ln(total wealth) on time. This produces a constant annual growth rate (CAGR).
ln(Wt) = ln(a) + b·t → CAGR = e365.25b − 1
Fit window
The fit starts from 2022-10-14.
Goodness of fit
R² = 0.969 on log-transformed wealth. The fit is strong but wealth is volatile; short-run deviations are expected.
Known issues
2025-03-05 spike
A Forbes API artefact caused two billionaires’ share counts to be reported ×1000. The Wayback Machine snapshot has been patched at source and re-imported. Details in rdl-wayback/KNOWN_ISSUES.md.
Forbes estimation uncertainty
Forbes wealth estimates are model-based, not audited balance sheets. Private asset valuations carry significant uncertainty.
Coverage gaps
Wayback Machine snapshots are not daily. Coverage density varies; some periods have gaps of several weeks.
Dataset
The full dataset and analysis code are published under free licences. Code is AGPL-3.0; data and content are CC-BY-SA 4.0.
toteArbeit
Orchestrator — daily CI workflow and local pipeline scripts.
rdl-daily
Fetches today's Forbes Real-Time Billionaires snapshot as JSON.
rdl-wayback
Downloads historical Forbes snapshots from the Wayback Machine CDX API.
rdl-data
Imports JSON snapshots into partitioned Parquet — the canonical dataset.
rdl-analysis
Computes daily aggregates and the exponential growth model → CSVs.
deadlabour
This site — static generator, templates, and CSS.