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Thursday, October 21, 2021

The Rich Get Richer, Says Latest Billionaire Report

The Rich Get Richer, Says Latest Billionaire Report

Investing.com – The latest billionaire insights have been released by UBS and PwC.
In 2016, the total number of billionaires rose 10%, to 1,542 with a total wealth of $6 trillion – up from $5.1 trillion.
The gain in total billionaire wealth was twice the 8.5% increase of the MSCI AC World Index.
70% of billionaires are self-made, like Facebook (NASDAQ:)’s Mark Zuckerberg or Tesla (NASDAQ:)’s Elon Musk.
Combined, companies owned by billionaires employ at least 27.7 million people.
The average age of billionaires today is 63.
Chang Yun Chung, a Singaporean shipping magnate, is the world’s oldest billionaire at age 98.
Alexandra Andresen, a Norwegian heiress, is the youngest billionaire, at age 21.
Asia has the most billionaires, surpassing the USA for the first time. Europe has a lot of old money.
Overall, American billionaires – led by Gates, Bezos, and Buffett – still have the most money…At least for now.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

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