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’.
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