how many billionaires in the world?
how are the main ones, and what are there fortune
- Brite TigerLv 61 decade agoFavorite Answer
The world gets 102 more billionaires, thanks to emerging market gains
By J.W. Elphinstone, AP Business Writer | March 9, 2006
As emerging stock markets surged during the past year, 102 wealthy people around the world won a much-coveted title along with their stellar gains -- they all became billionaires. But tepid returns in the United States ate into the fortunes of some of the richest Americans, including the founding family of Wal-Mart Stores Inc.
The number of billionaires around the world rose by 102 to a record 793 over the past year, and their combined wealth grew 18 percent to $2.6 trillion, according to Forbes magazine's 2006 rankings of the world's richest people.
Forbes editor Luisa Kroll noted that Russia's stock market jumped 108 percent between February 2005 and February 2006, while India's market rose by more than 54 percent during the same period. Brazil "was another bright star" with a market gain of 38 percent, she said.
Kroll said the changes on the list weren't driven by U.S. investments.
"The more exciting story is these emerging markets," she said. "The U.S. stock market was quite a laggard with only a 1 percent increase."
AP: Forbes' richest people
Forbes billionaires, in alphabetical order
Forbes billionaires, listed by country
Ranking of world's billionaires by Forbes
Forbes U.S. billionaires, listed by state
The growth in emerging markets also meant the Czech Republic placed a billionaire on the list for the first time: Petr Kellner, who debuted at No. 224 with $3 billion. And while China's market grew just 3 percent, the country added eight more billionaires, up from two last year.
Microsoft Corp. founder Bill Gates was again the world's richest man for the 12th year running. Gates grew wealthier, with his net worth rising to $50 billion from $46.5 billion. Investor Warren Buffett, the chairman of Berkshire Hathaway Inc., again ranked second; his fortune fell by $2 billion to $42 billion.
The rest of the top 10 underwent a major reshuffling, with three familiar names dropping out of that select group: German supermarket company owner Karl Albrecht, Oracle Corp.'s Lawrence Ellison and Wal-Mart chairman S. Robson Walton.
Mexican telecom mogul Carlos Slim Helu moved up one notch to No. 3 with $30 billion, replacing Indian steel magnate Lakshmi Mittal, who fell one place to No. 5 with $23.5 billion.
Ikea founder Ingvar Kamprad of Sweden rose two slots to No. 4 with $28 billion.
Microsoft co-founder Paul Allen edged up to sixth place from No. 7, with a net worth of $22 billion. He was followed by France's Bernard Arnault, chairman and chief executive of LVMH and The Christian Dior Group, with $21.5 billion; Arnault was new to the top 10.
Saudi Arabian Prince Alwaleed Bin Talal Alsaud fell to eighth place from No. 5, with $20 billion; and Canadian publisher Kenneth Thomson and his family moved into the top 10, ranking No. 9 with $19.6 million.
Hong Kong's Li Ka-shing rose to No. 10 with $18.8 billion. Ka-shing is the chairman of Cheung Kong (Holdings) Ltd. and Hutchinson Whampoa Ltd.Continued...
- ChelseaLv 44 years ago
It is my personal opinion that most of these billionaires are helping society. People like Bill Gates are making much-needed (or wanted) products, and employing thousands of people at wages that are generally very reasonable. People moan about the rich, but everytime major companies have to lay off people for financial reasons, everybody moans even louder than usual. Billionaires have a firm grasp on much of the worlds money, true, but I think that they deserve it for their brilliance, ingenuity, and of course the opportunities that they provide to society. True, there are some people that just "get" the stock market, there are oddballs that just inherit the money, and even worse, there are drug lords and embezzlers. The former, I dont have a problem with, because they are providing a service the the companies that they invest in. I don't mind inheritance either, because somewhere along the family line, somebody had to have helped society in some way or another. However, I obviously don't like criminal billionaires. I'm not convinced that billionaires do enough charitable work, but they are taxed enough as it is. Who knows, it Bill Gates had been taxed more, he might not have been able to invest as much $$ into making Microsoft as good as it is right now, and society would be worse off. I figure that most of these people have earned their money due to financial know-how, so I don't mind them controlling so much money- they have proven that they know what to do with it. Plus, in most cases, they earned it. far be it from me to say that they don't deserve money that they have earned fair and square.
- 1 decade ago
I have heard near 10,000. There are many in other countries. There is no one answer as to what they do. I read an article the other day (Business 2.0?) where a man knocked on doors of people in the wealthiest zip codes in the US. The ones that that answered and talked with him, had done (are doing) everything from real estate to Thrill ride company to book store chain. I think what he got out of it from a high level was that hard and luck all take part. Many of the wealthy will admit that luck had a lot to do with pushing them over certain marks. I think it always come back to hard work, at least in the beginning.
- 1 decade ago
A thousand millions ? Currency conversion is not easy. There were hundreds in France before they removed two zeros so that a hundred francs became one franc, and in Italy where a thousand liras were worth one dollar. It's still the same in many countries.
Of course, if you are talking US dollars, it's worth noting that the Forbes list this year of the 400 richest people has no millionaires for the first time in existence, with Bill Gates still heading the list.Source(s): Forbes magazine
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- Anonymous6 years ago
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