World Economy: 332 Millionaires in a Year – 29 in India

By: CaraTan   Date: 12 March 2009

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CaraTan

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Cara Tan, editor

 

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Mangalore, 12 Mar. It’s very easy to become a millionaire…if you start with billions. Which is exactly what happened to 332 former-billionaires. Last year, there were 1,125 billionaires, now there are only 793, according to a recent Forbes report. A total of $1.4 trillion has disappeared.

The report, which lists the world’s richest people and compares them with the previous list from a year before, determined that the billionaires of the world have an average net worth of $3 billion. This is down a staggering 23% from the same time in 2008.

The US still holds its position as having the most number of billionaires – 45% of these billionaires are American and they hold 44% of the money. Despite the economic turmoil stateside, this is up 3% and 7% respectively.

Nevertheless, Warren Buffet and Bill Gates took huge losses. Buffet lost an astounding $25 billion, as Berkshire Hathaway


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