Pattaya Daily News

10 March 2011 :: 16:03:03 pm 51295

Carlos Slim still No. 1 as ‘Forbes’ Richest List Grows

If it seems as though the rest of the world is getting richer, it is.
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The world’s wealthiest people had a record-breaking year from February 2010 to February of this year, says Forbes magazine, which released its list of the globe’s billionaires Wednesday. During the year, 214 people became billionaires, bringing the world’s total to 1,210; 15 fell off.

THE LIST: World’s richest people as ranked by ‘Forbes’ magazine

These wealthy individuals saw their average net worth jump 5.7% to $3.7 billion, powered in large part by soaring stock and commodity prices.

Of the $4.5 trillion held by billionaires, $1.5 trillion is held by Americans. Plus, the U.S. has the most billionaires, 413. But the rising influence of the rest of the world is clear in that:

•The world’s richest person, again, isn’t American. Mexico’s Carlos Slim was again No. 1, with a net worth of $74 billion, up $20.5 billion. Slim widened his lead over Microsoft’s Bill Gates to $18 billion, largely due to Gates’ massive philanthropic efforts valued at roughly $30 billion, says Steven Bertoni of Forbes.

FOR GOOD CAUSE: Bill Gates no longer world’s richest

 

•Most new billionaires aren’t being created in the U.S. During the year, 23 new billionaires were minted in the U.S., in large part resulting from the swelling paper value of social-media site Facebook. Meanwhile, China added 54 billionaires and Russia, 31. More than 108 new billionaires came from Brazil, Russia, India and China, the so-called BRIC nations. Because of the rise of emerging nations, just one in every three billionaires is American, down from one in every two 10 years ago.

•A city outside the U.S. is home to the most billionaires. Moscow is the home of the most billionaires, 79, topping New York’s 58. Last year, New York was home to more billionaires than any other city. Russia has 115 billionaires. Soaring commodity prices have been a big win for resource-rich Russia, says Timothy Smeeding, professor at the University of Wisconsin-Madison.

•Asia’s dominance continues to swell. For the first time in a decade, there are more billionaires in Asia, 332, than in Europe, 300. China has 101.

While Russia’s rise is closely tied to rising prices of natural resources, China’s is much more about aggressive expansion in manufacturing, Smeeding says. “With a culture of savings and workers who want to get ahead, even more so than in America, more are getting ahead,” he says.

It’s premature, though, to count out America, Bertoni says. Of the top 20 richest people, eight are still Americans.

“While the (U.S.) is not adding as many new names, there is still substantial wealth here,” he says.

credit by: usatoday.com

Photo : Internet   Category : World News

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