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It's been a tough year for the richest people in the world. Last year there were 1,125 billionaires. This year there are just 793 people rich enough to make the list.
The world has become a wealth wasteland.
Like the rest of us, the richest people in the world have endured a financial disaster over the past year. Today there are 793 people on our list of the World's Billionaires, a 30% decline from a year ago.
Of the 1,125 billionaires who made last year's ranking, 373 fell off the list--355 from declining fortunes and 18 who died. There are 38 newcomers, plus three moguls who returned to the list after regaining their 10-figure fortunes. It is the first time since 2003 that the world has had a net loss in the number of billionaires.
The world's richest are also a lot poorer. Their collective net worth is $2.4 trillion, down $2 trillion from a year ago. Their average net worth fell 23% to $3 billion. The last time the average was that low was in 2003.
Bill Gates lost $18 billion but regained his title as the world's richest man. Warren Buffett, last year's No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months, but he still managed to slip just one spot to No. 2. Mexican telecom titan Carlos Slim HelĂș also lost $25 billion and dropped one spot to No. 3.
Top 20
3. Carlos Slim HelĂș
Net Worth: $35 billion
Source: Telecom/Mexico
Age: 69
Marital Status: Widowed, six children
Net Worth: $35 billion
Source: Telecom/Mexico
Age: 69
Marital Status: Widowed, six children
4. Lawrence Ellison
Net Worth: $22.5 billion
Source: Oracle/U.S.
Age: 64
Marital Status: Thrice divorced, remarried; two children
Net Worth: $22.5 billion
Source: Oracle/U.S.
Age: 64
Marital Status: Thrice divorced, remarried; two children
5. Ingvar Kamprad
Net Worth: $22 billion
Source: Ikea/Sweden
Age: 83
Marital Status: Divorced, remarried; four children
Net Worth: $22 billion
Source: Ikea/Sweden
Age: 83
Marital Status: Divorced, remarried; four children
6. Karl Albrecht
Net Worth: $21.5 billion
Source: Supermarkets/Germany
Age: 89
Marital Status: Married, two children
Net Worth: $21.5 billion
Source: Supermarkets/Germany
Age: 89
Marital Status: Married, two children
7. Mukesh Ambani
Net Worth: $19.5 billion
Source: Petrochemicals/India
Age: 51
Marital Status: Married, three children
Net Worth: $19.5 billion
Source: Petrochemicals/India
Age: 51
Marital Status: Married, three children
8. Lakshmi Mittal
Net Worth: $19.3 billion
Source: Steel/India
Age: 58
Marital Status: Married, two children
Net Worth: $19.3 billion
Source: Steel/India
Age: 58
Marital Status: Married, two children
9. Theo Albrecht
Net Worth: $18.8 billion
Source: Supermarkets/Germany
Age: 87
Marital Status: Married, two children
Net Worth: $18.8 billion
Source: Supermarkets/Germany
Age: 87
Marital Status: Married, two children
Marital Status: Divorced, remarried; three children
11. Jim C. Walton
Net Worth: $17.8 billion
Source: Wal-Mart/U.S.
Age: 61
Marital Status: Married, four children
12. Christy Walton & family
Net Worth: $17.6 billion
Source: Wal-Mart/U.S.
Age: 54
Marital Status: Widowed, one child
Net Worth: $17.6 billion
Source: Wal-Mart/U.S.
Age: 54
Marital Status: Widowed, one child
15. Bernard Arnault
Net Worth: $16.5 billion
Source: Luxury goods/France
Age: 60
Marital Status: Divorced, remarried; five children
Net Worth: $16.5 billion
Source: Luxury goods/France
Age: 60
Marital Status: Divorced, remarried; five children
16. Li Ka-shing
Net Worth: $16.2 billion
Source: Ports, retail, energy/Hong Kong
Age: 80
Marital Status: Widowed, two children
Net Worth: $16.2 billion
Source: Ports, retail, energy/Hong Kong
Age: 80
Marital Status: Widowed, two children
17. Michael Bloomberg
Net Worth: $16 billion
Source: Bloomberg LP/U.S.
Age: 67
Marital Status: Divorced, two children
Net Worth: $16 billion
Source: Bloomberg LP/U.S.
Age: 67
Marital Status: Divorced, two children
18. Stefan Persson
Net Worth: $14.5 billion
Source: Hennes & Mauritz/Sweden
Age: 61
Marital Status: Married, three children
Net Worth: $14.5 billion
Source: Hennes & Mauritz/Sweden
Age: 61
Marital Status: Married, three children
19. Charles Koch
Net Worth: $14 billion
Source: Koch Industries/U.S.
Age: 73
Marital Status: Married, two children
Net Worth: $14 billion
Source: Koch Industries/U.S.
Age: 73
Marital Status: Married, two children
19. David Koch
Net Worth: $14 billion
Source: Koch Industries/U.S.
Age: 68
Marital Status: Married, three children
Nigerians on the list
261. Aliko Dangote
"Net Worth: $2.5 billion
Source: Industries/Nigeria
Age:51
Marital Status:NA
601. Femi Otedola
Net Worth: $1.2 bil
Source: Energy/Nigeria
Age: 42
Marital Status: Married, four children
Info thanks to http://www.forbes.com/
You can go there to check the full list of the World's Billionaires
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ReplyDeleteGood 4 d naijas that made it. If Naijas stop been so greedy, and corrupt, I'm sure there will be more on there.
ReplyDeletei think there is a mistake,the bull mike adnuga suppose to be on the list.
ReplyDeleteIndians are about to boom in this list.........Beware from Indians in business & economy,...........
ReplyDeleteIndians are about to boom in this list.........Beware from Indians in business & economy,...........
ReplyDelete