Thursday 5 February 2015

The world records more billionaires now than ever before.


  • The United States tops the list with 537 billionaires while many newcomers to world's most exclusive club come from India and China
  • Not every billionaire had a good 2014 as 95 dropped to millionaire status and titans of industry in the developing world suffered from a slowdown
  • Bill Gates still top
    The world now has more billionaires than ever before.
    New numbers from the China-based Hurun Report reveal a net gain of 222 billionaires in 2014, putting the total at a record 2,089.
    While the United States still takes the trophy for the most billionaires ahead of China, India made its first showing in 2014 in the top three countries with the most members of the world's most exclusive club.
    India pushed out Russia by adding 27 members to the club, bring its total number of billionaires to 97. China gained 72 to bring its total to 430 and the U.S. added 56 and now has 537, according to CNBC.
    Despite the worldwide net gain, not every billionaire had a good year. Some even lost the status. Last year saw a gain of 341 new billionaires, 95 became mere multi-millionaires. 
    Perhaps hit the hardest were the billionaires in some of the developing world, most notably Russia.
    According to the Hurun Report, 'Wealth of 60 percent of Russian billionaires declined in the face of the stagnating economy, devalued ruble and plummeting global oil prices.'
    The most new billionaires were born of the tech sector in 2014, according to Hurun Report.
    'Tech has been leading the way again for new billionaires,' Hurun chairman Rupert Hoogewerf said. 'It's all eyes on the new economy.'
    That's true not least of all for one of the original tech billionaires, and the richest man in the work, Bill Gates. The Microsoft mogul saw his fortune increase by 25 percent last year to $85 billion.
    Meanwhile, world's second wealthiest man Mexico's Carlos Slim saw his worth bumped up to $83 billion. In at number three was Warren Buffett, whose $76 billion fortune increased 19 percent from the previous year.

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