Per various studies that have been done, it's been estimated that close to 50% of people who are considered to be super wealthy inherited their fortunes, or were part of a family that gave them more opportunities to increase their wealth even more.
Per various studies that have been done, it's been estimated that close to 50% of people who are considered to be super wealthy inherited their fortunes, or were part of a family that gave them more opportunities to increase their wealth even more.
How many billionaires would you guess live in America? Many might say 50 to 100, but in reality, America is home to 759 billionaires with a combined wealth of $4.48 trillion. Here is another shocking statistic – the net wealth of these billionaires grew around 50% from just before the pandemic. Where do all these billionaires live?
Elon Musk is the richest person in the world, but which companies has he earned his fortune from? According to this chart created by the team at Madison Trust Company, Elon’s road to billionaire status began back in 1995 when he started online business directory, Zip2, with funding from his father. Just four years later he sold Zip2 to Compaq Computer Corporation for $307 million. After selling Zip2, Elon Musk started X.com which merged with Confinity after a year to create PayPal. Just two years later PayPal was sold to eBay for a whopping $1.5 billion, and Elon used the money to invest in other companies that have since helped him earn his many billions.
Years ago, women from Hong Kong and China used to dominate the list of the richest self-made female billionaires, but due to the ongoing turmoil in Chinese market for many years now, self-made women from Europe and the United States are back on top of the list of females who built their own fortunes. The richest of them was Rafaela Aponte-Diamant of Switzerland, as of June 2. She along with her husband are the founder of a shipping company MSC. They created this company in 1970 and both own a 50 percent stake in it. Their expanding business has given Aponte-Diamant a net worth of more than $28 billion. According to Forbes, she is also the seventh richest woman in the world and its 49th richest person overall.
As of March 2023, the richest person in the world is Bernard Arnault, as he and his family have a net worth of $214.4 billion. As the CEO, founder, and chairman of beauty empire LVMH, his has amassed his fortune after originally buying Christian Dior in 1985 for $15 million, and maximizing his profits.
According to a ranking published by Bloomberg last week, the Ambanis once again remain on the top of the list of the wealthiest families in Asia despite their recent losses, owing their riches to the Reliance Industries conglomerate headquartered in Mumbai. The rest of the top 10 of the rankings is a blend of different industries, countries and also some global household names.
After observing record gains in wealth, ultra-high net worth
individuals (UHNWIs) lost a combined $10 trillion last year.
A lagging stock market knocked these fortunes against high
interest rates, energy shocks, and economic instability. But some of the
world’s billionaires have grown in this environment, posting sky-high revenues despite
of inflationary pressures.
Data driven from the list of Forbes Real-Time Billionaires, features
a snapshot of the richest people in the world in 2023.
Currently the richest man in the world is a Luxury magnate,
Bernard Arnault of France, According to the Bloomberg Billionaires Index. His conglomerate
LVMH includes brands such as Christian Dior, Givenchy, Louis Vuitton, and Moët
and Hennessy. His wealth lies at a level that if he starts spending a dollar
each second (without adding further wealth and the dollar not inflating or
deflating), his current assets would still last him more than 5,000 years.
The Sunday Times announced the richest people based in the
UK. The list included the famous J.K Rowling, author of the Harry Potter series
and Elisabeth Murdoch, who is a British and American media executive based in
the United Kingdom. This list was revealed at the time when the majority of
Brits were feeling the burden of the cost of living crisis.
The billionaire brothers Sri and Gopi Hinduja made their
place at the top of the list. They are the owners of the Mumbai-based
conglomerate Hinduja Group. Report says that they own £28.47 billion together.
Other key names that make it to the list include the names like Rishi Sunak and
his wife Akshata Murty. Rishi SUnak is the Chancellor of the Exchequer and has
a ranking at 222nd position out of the list of 250 people. Sunak is
reportedly the richest serving MP in history and has a joint £730m of wealth.
This map of the Richest Town in Every US State is a beautiful curated list that shows where the big money lives. It was interesting going through all of the states and comparing each town to a map to see the geography. It sparked my interest in what jobs people have past the stereotype of the industries in each state.
Do you like cooking? Have you ever thought of making it as a chef? This list from HowLongToCook.org shows what the top chefs in the world are making, money wise and signature dish wise. Household names like Rachel Ray (#7th on the list with a net worth of $100 million) and Bobby Flay (9th on the list with a net worth of $60 million) are mixed with names that may not be so familiar like Nobu Matsuhisa (5th on the list with a net worth of $200 million). You may not even be aware of the number one chef on the list, Alan Wong who has an estimated worth of over $1 billion dollars.
The Indian industry-tycoon, Mukesh Ambani has got all the limelight currently due to his entry into the 100 Billion Dollar Club. At this moment, the eleven members of this elusive bunch are mostly American that are related to the tech industry. But, after Ambani’s entrance, the club now has two non-Americans and the first member from any developing country.
Subscribe to:
Comments (Atom)