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2,755 billionaires globally own $13.1 trillion

ghazi52

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2,755 billionaires globally own $13.1 trillion

October 22, 2021



2,755 billionaires globally own $13.1 trillion



KARACHI: The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755 -- 660 more than a year ago. Of those, a record high 493 were new to the list -- roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back.

A staggering 86% are richer than a year ago. Jeff Bezos is the world’s richest for the fourth year running, worth $177 billion, while Elon Musk rocketed into the number two spot with $151 billion, as Tesla and Amazon shares surged, followed by Bernard Arnault & family. One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora with a networth of $150 billion. Bill Gates has dropped to number 4 with $124 billion. Mark Zuckerberg, Facebook, the social network, ranks fifth among the world's top richest with $97 billion networth, Warren Buffett, the "Oracle of Omaha," controls a networth of $96 billion, follows at number 6. Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle with a networth of $93 billion, is comfortable at 7. He is followed by Larry Page, who had stepped down as CEO of Alphabet, the parent of Google, in December 2019 but remains a board member and a controlling shareholder. He controls $91.5 billion and occupies number 8. Another American, Sergey Brin who is the former president of Alphabet, has assets of $89 billion, stands at number 9 among the club.

The first Indian to be part of the top 10 billionaire club is Mukesh Ambani who chairs and runs Reliance Industries and has assets of $84.5 billion. There are nine other Indians among the top 200. Gautam Adani & family with networth of $50.5 billion from infrastructure, commodities ranks 24 among the top billionaire club, followed by Shiv Nadar who minted $ 23.5 billion from software services, ranks at 71, Radhakishan Damani with assets worth $16.5 billion, ranks 117. Number 121 is occupied by Indian, Uday Kotak, controlling assets of $15.9 billion, followed by at number 133, Lakshmi Mittal with $14.9 billion, who runs the world's largest steel and mining company by output. At 168, the commodities king Kumar Birla owns $12.8 billion. Cyrus Poonawalla, the world's largest vaccine maker (by doses) who founded Serum Institute of India in 1966, controls assets worth $12.7 billion. He occupies slot number 169 among the top 200 billionaires.

Altogether, these billionaires are worth $13.1 trillion, up from $8 trillion in 2020. The US still has the most, with 724, followed by China (including Hong Kong and Macao) with 698. The Forbes uses stock prices and exchange rates from March 5 to calculate net worths.
 

jamahir

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good for them
Really ? Think about the homeless and hungry and the diseased through money in the leader of the Capitalist "Free World" country USA and those aforesaid people plus the ghosts of the 350,000+ farmers in India who committed suicide just between 1995 and 2015 because of socio-economic reasons and India being an extremely Capitalist society for the last 3000 years. These two societies, and others like them, through their economic classification ( rich, middle, poor ) present a model of unequal or no access to resources, even basic resources. Just last night I replied to a Chinese member that the neo-rich upper layer of China can spend an amount of money on a single "luxury" bag from France which can feed a homeless person in USA for years. Such artificially tragic things. Will you still say "Good for them" ?
 

jamahir

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what the connection in what you say to the bilionners?
Why should a category called Billionaire exist and a category called Poor exist ? Why can a billionaire buy anything but the poor can't ? This is injustice.

do you want to steal the money they mad honesty and give to others?
What is money but an artificial construct. And what is so honest and moral about Indian billionaire having a two billion dollar home in Bombay with its own temple inside with him and his family praying there every day without feeling guilty while knowing clearly that not far from his 27-storey two billion dollar "home" will be so many people living in pipes or slums and many not able to afford three meals a day ? Again, how is this justice ?

Another Indian businessman, Subrata Roy, spent 550 crores ( tens of millions of dollars ) on a two-day twin-wedding of his two sons in 2004. In any Capitalist country that money would feed, house, clothe, educate and medicate many poor for years if used for these purposes instead of in the wedding. Isn't this not in balance ? Is this honesty and morality ?

Every decent human anywhere has to have equal and just access to basic and non-basic resources / needs without having to be in a lifelong struggle for them. The socio-economic system should ensure that. I present such a system in this thread and add points to that in other posts in the forum.
 

dani191

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Why should a category called Billionaire exist and a category called Poor exist ? Why can a billionaire buy anything but the poor can't ? This is injustice.



What is money but an artificial construct. And what is so honest and moral about Indian billionaire having a two billion dollar home in Bombay with its own temple inside with him and his family praying there every day without feeling guilty while knowing clearly that not far from his 27-storey two billion dollar "home" will be so many people living in pipes or slums and many not able to afford three meals a day ? Again, how is this justice ?

Another Indian businessman, Subrata Roy, spent 550 crores ( tens of millions of dollars ) on a two-day twin-wedding of his two sons in 2004. In any Capitalist country that money would feed, house, clothe, educate and medicate many poor for years if used for these purposes instead of in the wedding. Isn't this not in balance ? Is this honesty and morality ?

Every decent human anywhere has to have equal and just access to basic and non-basic resources / needs without having to be in a lifelong struggle for them. The socio-economic system should ensure that. I present such a system in this thread and add points to that in other posts in the forum.
this is the life im not jelous in people that know how to do biusness
 

Shotgunner51

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China (including Hong Kong and Macao) with 698
Beginning this year China enters the next 5-year plan which can be briefly summarized as "共同富裕" (Common Prosperity), as announced by the Central Financial and Economic Committee, with a mission to eliminate polarization and achieve more even distribution of wealth. In fact cracking down of monopolies have already begun since Q3 last year, billionaires affected are like Jack Ma (Alibaba), Xu Jiayin (Evergrande) and such, I suppose the list will get longer.

The government has successfully completed the previous mission of poverty elimination, now let's see whether polarization can be eliminated in the coming 5-year plan.
 
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nang2

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Why would some people like to count other people's money? They have nothing better to do?
 

Shotgunner51

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Why would some people like to count other people's money? They have nothing better to do?
In the private sector, banks (private banks in particular), people working in financial industry or even marketers (say selling private jets) need these information, it's just normal business. In the public sector, macro economics policy makers may use these info in their planning, it serves like other tools say Gini coefficient which has been popular for quite some time.
 

Itachi

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2,755 billionaires globally own $13.1 trillion

October 22, 2021



2,755 billionaires globally own $13.1 trillion



KARACHI: The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755 -- 660 more than a year ago. Of those, a record high 493 were new to the list -- roughly one every 17 hours, including 210 from China and Hong Kong. Another 250 who’d fallen off in the past came roaring back.

A staggering 86% are richer than a year ago. Jeff Bezos is the world’s richest for the fourth year running, worth $177 billion, while Elon Musk rocketed into the number two spot with $151 billion, as Tesla and Amazon shares surged, followed by Bernard Arnault & family. One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora with a networth of $150 billion. Bill Gates has dropped to number 4 with $124 billion. Mark Zuckerberg, Facebook, the social network, ranks fifth among the world's top richest with $97 billion networth, Warren Buffett, the "Oracle of Omaha," controls a networth of $96 billion, follows at number 6. Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle with a networth of $93 billion, is comfortable at 7. He is followed by Larry Page, who had stepped down as CEO of Alphabet, the parent of Google, in December 2019 but remains a board member and a controlling shareholder. He controls $91.5 billion and occupies number 8. Another American, Sergey Brin who is the former president of Alphabet, has assets of $89 billion, stands at number 9 among the club.

The first Indian to be part of the top 10 billionaire club is Mukesh Ambani who chairs and runs Reliance Industries and has assets of $84.5 billion. There are nine other Indians among the top 200. Gautam Adani & family with networth of $50.5 billion from infrastructure, commodities ranks 24 among the top billionaire club, followed by Shiv Nadar who minted $ 23.5 billion from software services, ranks at 71, Radhakishan Damani with assets worth $16.5 billion, ranks 117. Number 121 is occupied by Indian, Uday Kotak, controlling assets of $15.9 billion, followed by at number 133, Lakshmi Mittal with $14.9 billion, who runs the world's largest steel and mining company by output. At 168, the commodities king Kumar Birla owns $12.8 billion. Cyrus Poonawalla, the world's largest vaccine maker (by doses) who founded Serum Institute of India in 1966, controls assets worth $12.7 billion. He occupies slot number 169 among the top 200 billionaires.

Altogether, these billionaires are worth $13.1 trillion, up from $8 trillion in 2020. The US still has the most, with 724, followed by China (including Hong Kong and Macao) with 698. The Forbes uses stock prices and exchange rates from March 5 to calculate net worths.
Most of it is locked into assets, like stocks.....whose value can drop down (or go up) over time. This isn't liquid money. They can't just start using their money because if they do, they'll have to start selling those assets and if they start selling their stocks, the stock prices might (most of the time they do) drop.

I would like to see who out of these all have the most liquid money or cash on hand. 🤔
 

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