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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsRecord 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 worldBill Gates, Carlos Slim and Warren Buffettnow 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 worlds 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 worlds billionaires saw their wealth drop by 1.5 percent to $6.7 trillion. Thats still more than the combined GDPs of Japan and South Korea.
Tech has been leading the way again for new billionaires, said Rupert Hoogewerf, chairman and chief researcher at Hurun. Its 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 Russias 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?
Warpy
(111,237 posts)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)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.
ND-Dem
(4,571 posts)hughee99
(16,113 posts)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)...about $3 Billion 200 Million each.
3,200 Million bucks.
Where's the fucking guillotine when you really need it?
n2doc
(47,953 posts)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)n2doc
(47,953 posts)ND-Dem
(4,571 posts)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.
Maybe as Putin yourself, if you see him
ND-Dem
(4,571 posts)question.
but the guy who pretends to know what he has no way of knowing is accepted by folks like you as authority.
okeydokey
Initech
(100,060 posts)Bigmack
(8,020 posts)Then could eat them.
Knowing their habits, these people might be toxic, so....
olddots
(10,237 posts)These people literally have tons of money , to me thats sickening .
pampango
(24,692 posts)the difference between the 1% and the rest of us.