World Economy: 332 Millionaires in a Year – 29 in India
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
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.
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
