Recently forbes has rolled out the new list of billionaire for 2018 on real time based. I was wondered how big they play and how big they make a difference in this rich pot game. The gap between the really rich and the merely rich continues to widen, as fortunes soar to new heights.
A record 2,208 billionaires made Forbes’ 32 annual ranking of the world’s billionaires. Altogether they are worth a record $9.1 trillion, up 18% from a year ago. The 20 richest people on the planet are worth a staggering $1.2 trillion, a sum roughly equivalent to the annual economic output of Mexico. In aggregate, they may represent less than 1% of total billionaires but their riches amount to 13% of the total fortune of all billionaires worldwide.
1. Jeff Bezos
Jeff Bezos is the richest person on the planet and the first centi-billionaire atop our annual ranking. Shares of his e-commerce giant Amazon rose 59% in 12 months, helping boost his fortune by $39.2 billion. It was the biggest one year gain since Forbes started tracking billionaires in 1987. He easily moved ahead of Microsoft cofounder Bill Gates, who ceded the top spot for only the sixth time since 1995.
2. Bernard Arnault
France’s Bernard Arnault had the second best year after Bezos. Record results at his luxury goods empire LVMH and a deal to buy out nearly all of Christian Dior helped boost Arnault’s fortune by $30.5 billion. He is the richest European for the first time since 2012 and number four richest in the world.
At number 3 of Forbes Top 10 Billionaires List is Bill Gates, who is the co-founder of Bill and Melinda Gates Foundation which works towards improving global health. He founded Microsoft with Paul Allen in 1975. The 62-year-old sold much of his stake in Microsoft and now owns just over one per cent of shares. His net worth is $91.2 billion.
4. Warren Buffet
At number 4 of Forbes Top 10 Billionaires list is Warren Buffet with net worth of $87.7 billion. Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time. He first bought stock at age 11 and first filed taxes at age 13. With Bill Gates, the 87-year old launched The Giving Pledge in 2010, asking billionaires to donate half their wealth towards charitable causes.
With a net worth of $72.4 billion, Facebook CEO Mark Zukerberg is at number 5 of the Forbes Top 10 Billionaires list. A Harvard dropout, he founded Facebook in 2004 at the age of 19. He and his wife, Priscilla Chan, have pledged to give away 99 per cent of their Facebook stake over their lifetimes.
Analysis: Part How they Got this rich this time!!!
Jeff Bezos is the richest person on the planet and the first. Two tech entrepreneurs from mainland China climbed into the top 20 for the first time. Ma Huateng (also known as Pony Ma) is Asia’s wealthiest person, ranked number 17 in the world, thanks in part to his firm Tencent’s WeChat, a ubiquitous social messaging app with nearly 1 billion active users.
Tencent also has stakes in Tesla, Snapchat parent Snap and music-streaming service Spotify. Jack Ma, the 20th richest person, is the chief of another e-commerce giant Alibaba, whose shares increased 76% in a year.
Forbes pinned down 259 newcomers who made their fortunes in everything from tech and aerospace to private aviation and wedding dresses. China has the most new faces with 89, while the U.S. is next with 18. That is helping close the gap between the two nations. Altogether the U.S. has more billionaires than any country in the world with 585, while greater China (mainland China, Hong Kong, Macau and Taiwan) has 476.
On this year’s list, the billionaires hail from 72 countries and territories, including the first ever from Hungary and Zimbabwe. One country not represented: Saudi Arabia. Forbes chose to leave off all 10 Saudis given reports of asset seizures after the Saudi Crown Prince detained some 200 people, including some billionaires, some for as long as three months.
While the vast majority of the world’s billionaires added to their fortunes in the past 12 months, 16% had fortunes that slipped. One notable loser was President DonaldTrump, whose fortune fell $400 million since March 2017 to a current $3.1 billion. He is now ranked 766 in the world, down from 544.
This is from me for today stay tuned for the world’s top and best five in any league. Hope you enjoyed have a knowledgeable day.!!