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ND-Dem

(4,571 posts)
Wed Mar 4, 2015, 01:30 PM Mar 2015

Record 2,089 billionaires in world hold $6.7 trillion

The number of billionaires in the world grew by 222 in 2014, bringing the total to a record 2,089, according to a new report.

The three richest men in the world—Bill Gates, Carlos Slim and Warren Buffett—now have a combined $244 billion, up $52 billion over the past year, or about $100,000 a minute, said the report, which is an annual list of the world’s richest individuals. Gates is the richest with $85 billion, up 25 percent over the past year. Slim is just behind with $83 billion, up 38 percent, and Buffett is third with $76 billion, up 19 percent.

But not all billionaires were as fortunate. Of the 2,089 billionaires in the world, 869 saw their wealth decrease while 649 saw increases, said the China-based Hurun Report. In total, the world’s billionaires saw their wealth drop by 1.5 percent to $6.7 trillion. That’s still more than the combined GDP’s of Japan and South Korea.

Tech has been leading the way again for new billionaires,” said Rupert Hoogewerf, chairman and chief researcher at Hurun. “It’s all eyes on the new economy.”

Meanwhile, the slowdown in many emerging markets, especially Russia, has reduced the fortunes of the billionaires. Fully 60 percent of Russia’s billionaires saw their wealth drop, lead by Vladimir Yevtushenkov and Vagit Alekperov of Lukoil, whose wealth fell by 77 percent and 73 percent, respectively.

For the first time, India topped Russia to the take the number three slot in countries with the most billionaires. The U.S. had the most, with 537, followed by China with 430, India with 97 and Russia with 93. China added the most billionaires, with 72, followed by the U.S. with 56 and India with 27.

http://nbr.com/2015/02/04/record-2089-billionaires-in-world-hold-6-7-trillion/


Gates and buffett are supposedly giving away all their wealth but always come in in the top 3. and their wealth keeps increasing. How does that work, exactly?

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Warpy

(111,237 posts)
1. Good, when the derivatives casino collapses, they'll have just enough to cover it.
Wed Mar 4, 2015, 01:37 PM
Mar 2015

Money does attract money. With the stock market at ridiculous levels, I've managed to increase what my dad left me 50% in 8 years. If I'm lucky and I kick off before the collapse, I'll be leaving Doctors Without Borders a nice chunk of change.

Gates might be giving away cash but he's not giving away the stock that generates that cash. The same goes for Buffett. And that's why they keep getting richer, too.

hughee99

(16,113 posts)
8. If history shows us anything, it is that when the music stops
Wed Mar 4, 2015, 02:09 PM
Mar 2015

Last edited Wed Mar 4, 2015, 04:26 PM - Edit history (1)

the billionaires won't be the ones holding be flaming bag of dogshit.

hughee99

(16,113 posts)
14. They probably won't even know until after it happens.
Thu Mar 5, 2015, 02:16 AM
Mar 2015

Wall street knows how to hide it's shit well, and many everyday investors didn't realize their exposure to the housing collapse (for example) until after they looked at their statements. In 2008, I had a friend say to me something along the lines of, "I don't understand what happened, I don't invest in high risk mortgages, just mutual funds".

 

Bigmack

(8,020 posts)
2. That's...
Wed Mar 4, 2015, 01:38 PM
Mar 2015

...about $3 Billion 200 Million each.

3,200 Million bucks.

Where's the fucking guillotine when you really need it?

n2doc

(47,953 posts)
3. And they worked so hard for it!
Wed Mar 4, 2015, 01:51 PM
Mar 2015

It would be interesting to break these down by category- Kleptocrats, Trustafarians, etc., etc. Probably too much overlap.

Supposedly Putin is worth between 70 and 200 billion dollars. Hard work sure pays off!

 

ND-Dem

(4,571 posts)
6. I have no idea and neither does the person who came up with this 'factoid'.
Wed Mar 4, 2015, 02:00 PM
Mar 2015

Personally I doubt amassing wealth is putin's biggest interest in life. IMO (worth <.02) he's more interested in power, both personal power and Russian power.

 

ND-Dem

(4,571 posts)
9. right. because i don't pretend to know things i have no way of knowing, i'm dodging your dumb
Wed Mar 4, 2015, 02:10 PM
Mar 2015

question.

but the guy who pretends to know what he has no way of knowing is accepted by folks like you as authority.

okeydokey

 

Bigmack

(8,020 posts)
11. I wish they were "free range" wealth hoarders...
Wed Mar 4, 2015, 04:22 PM
Mar 2015

Then could eat them.

Knowing their habits, these people might be toxic, so....

 

olddots

(10,237 posts)
13. 1 million dollars in 100 dollar bills weighs 22 pounds
Thu Mar 5, 2015, 02:09 AM
Mar 2015

These people literally have tons of money , to me thats sickening .

pampango

(24,692 posts)
15. I read that the difference between the top .01% and the top 1% is even greater than
Thu Mar 5, 2015, 08:38 AM
Mar 2015

the difference between the 1% and the rest of us.

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