Many people dream of becoming a billionaire, but it's a world so beyond the imagination of most that we can’t begin to guess how people gained so much wealth.
Many people dream of becoming a billionaire, but it's a world so beyond the imagination of most that we can’t begin to guess how people gained so much wealth.
Bloomberg's recent ranking reveals the Ambani family as Asia's wealthiest, rebounding from previous losses via their Mumbai-based conglomerate, Reliance Industries. Their wealth, more than double that of the Hartonos of Indonesia's Djarum brand, secures them the 8th spot globally among the richest legacy families. The 2024 list sees an increase in Indian representation, with the Jindal and Birla families joining. Hong Kong and Thailand contribute two families each to the top 10, including the Yoovidhyas, inventors of Thai Red Bull, at rank 6. Chinese emigrants feature prominently, like Chia Ek Chor of the Chearavanont family in Thailand, while others, such as the Pao/Woo family (rank 11), Lee family (rank 17) in Hong Kong, and the Sy family (rank 14) in the Philippines, made fortunes after immigrating from Mainland China.
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.
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.
Some countries are known for being wealthier than others, though the countries with the highest wealth around the world may surprise you. For instance, did you know that Iceland has the highest median wealth per capita in the world? The researchers at TitleMax looked at data to determine the 50 countries with the highest median wealth per person.
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.
To understand size of the economy and overall wealth, the
most common method used is by calculating GDP. Although it is useful to look at
economic output on an annual basis, there are other important metrics to
consider when estimating the wealth of a nation.
Household wealth statistics reveal which country’s citizens
are accruing the utmost level of money and assets worldwide.
This visual utilizes data from Credit Suisse’s annual Global
Wealth Report to break down the latest estimates for household wealth by
country.
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.
The United States of America
is home to most number of billionaires of the world. Approximately 720 out of
2700 richest people belong to the U.S. Although most number of billionaires
still belong to the U.S., in past few years the U.S. share of the billionaires
has been shrinking. About 40% of the world’s billionaire population belonged to
the United States in 2010, and now the percentage has shrunk to 27% only.
Data from Forbes highlights
richest people in every American state in 2022. These billionaires belong to a wide range of
industries such as technology, automobile, video games and asset management.
The most familiar names all over the world: Jeff Bezos the Executive Chairman
of Amazon and Elon Musk the Chief Executive Officer of Tesla Motors have their
fortunes fluctuate with the shake in stock prices in recent years. They both
have gotten a chance to carry the title of ‘World’s Richest Person’.
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.
Out of a total of 2,775 billionaires all around the world, more than 100 are millennials – born between 1981 and 1996. The oldest millennial will soon enter in his 40s whereas, the youngest is currently 25 years old. All these millennials have a combined net worth of $13 trillion. However, the ultra-rich millennials represent nearly 3.8 percent of the entire world’s billionaires and account for a combined worth of $573.1 billion.
Now we are seeing major shifts in the influential history of generations, let’s have a look at how the US generations are ranked in terms of wealth and influence. Before we start with what the infographic explores, let’s know how these generations are defined.
- The Silent Generation: Born between 1928-1945 and ages 76+ years
- Baby Boomers: Born between 1946-1964 and ages between 57-75 years
- Gen X: Born between 1965-1980 and ages between 41-56 years
- Millennials: Born between 1981-1996 and ages between 25-40 years
- Gen Z: Born between 1997-2012 and ages between 9-24 years
- Gen Alpha: Born between 2013-present and ages under 8 years
The names that pop in our heads when we think about the richest people in the United States are most probably Jeff Bezos, Elon Musk, Bill Gates and Kardashian-Jenners but there are several incredibly wealthy families living in America. The 50 richest families of the country collectively have wealth worth nearly $1.2 trillion.
According to the infographic attached below, currently, the wealthiest family in America is the Waltons family who is the founder of the superstore chain, Walmart. The net worth of Waltons is nearly $247 billion which not only makes them the richest in the United States but, the wealthiest family all around the globe. in 2020, the Waltons’ family fortune grew incredibly by $25 billion which is equivalent to $3 million each hour.
There is not a long list of black billionaires in the world, and rightfully so, there is less than 1 percent of black rich people among all the billionaires worldwide. Let’s have a look at the lucky people who made it to the list of the world’s wealthiest black people.
As per the data of February 2021, there are currently 15 top black billionaires in the world who altogether account for a net worth of $48.9 billion. On the top of the list rests Aliko Dangote, having a net worth of $11.5 billion is the owner of around 85 percent of one of the largest cement producers in Africa, the Dangote Cement. Not only this, but Dangote has also made several investments in various sugar and salt-producing industries.
Wealth-X's recent census reveals that about 11.9% of the billionaires in the world are women; though the share is pretty minor, but the wealth that these women own is incredible. The infographic below shows the top 50 richest women in the world as of 2021 and where these billionaires are from.
According to the infographic, the richest woman in the world currently is Francoise Bettencourt Meyers and family who own about 33% of the entire stock in a French personal beauty brand, L'Oréal S.A. Meyers is the granddaughter of L'Oréal's founder. The Francoise Bettencourt Meyers and family has a net worth of $71.4 billion. Followed closely by a member of another richest family, Alice Walton, the heiress of Walmart's empire is the world's second-richest lady. Along with her brothers, Walton owns more than half of Walmart's share, and she has a net worth of $68 billion.
The United States of America has more than 600 billionaires
who are getting wealthier day by day. Where the Covid-19 pandemic has been the
worst nightmare for the normal people, it has been a great way to thrive for
the billionaires. Wondering how? Well, Chuck Collins from the Institute for
Policy Studies performed an analysis and was awe-struck by the results.
According to the analysis, the wealth of American billionaires grew drastically
by $1 trillion since March 2020, which in total is a 34 percent increase in the
total US billionaires’ wealth as compared to the previous year.
Dating as far back as 1987, Forbes Magazine has annually ranked the wealthiest people from across the world. As of March 2019, the richest person in the world is Jeff Bezos, worth $131 billion. Bezos founded Amazon, and today owns a 16% stake in the company which made him an estimated $230 billion in 2018 alone. To show how profitable the last five years have been for Bezos, he didn't even make the top ten list in 2015. Today, he's considered to be the wealthiest person alive.
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