Over 99% of species that ever lived are now extinct

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Over 99% of species that ever lived are now extinct

Over 99% of species that ever lived are now extinct, but extinction occurs at an uneven rate. Based on the fossil record, the background rate of extinctions on Earth is about two to five taxonomic families of marine invertebrates and vertebrates every million years. Marine fossils are mostly used to measure extinction rates because they are more plentiful and cover a longer time span than fossils of land organisms.
Since life began on earth, several major mass extinctions have significantly exceeded the background extinction rate. The most recent, the Cretaceous–Tertiary extinction event, occurred 65 million years ago, and has attracted more attention than all others because it killed the dinosaurs. In the past 540 million years there have been five major events when over 50% of animal species died. There probably were mass extinctions in the Archean and Proterozoic Eons, but before the Phanerozoic there were no animals with hard body parts to leave a significant fossil record.
Estimates of the number of major mass extinctions in the last 540 million years range from as few as five to more than twenty. These differences stem from the threshold chosen for describing an extinction event as "major", and the data chosen to measure past diversity.