13% of the us population and control about 5% of the US wealth.
Now there is no doubt if they all cashed out and moved to Senegal, Senegal would instantaneously be transformed. That 5% of us wealth represented $6.4 Trillion… Senegal’s GDP is about $27.6 Billion.
So instantantly the country would inherit 231 times it’s annual GDP if this were to happen..
While this would be a huge impact on Senegal it would hurt but not collapse the US economy
The entire GDP of Africa is less than 3 trillion. So yea this would hugely shift Senegal as overnight it would have more weath than the entire GDP of Africa twice over…
“That 5% of us wealth represented $6.4 Trillion”
I wonder how long it would stay in the original hands.
“Senegal would instantaneously be transformed.”
The money would all get spent on whores and drugs for a few years—and then Senegel would go back to grinding poverty.