Fewer Billionaires this time around
Reportedly there are fewer billionaires this time around from last year’s 1,125 to 793 this year according to Forbes. This goes to show the effect brought about by the global crisis affecting all sectors from commodities, stocks, technology to real estate. Last year Warren Buffet was the richest man in the world, but due to his Berkshire Hathaway shares falling as much as 50% making him lose almost $25 B in 12 months. Pushing Bill Gates back to the top again even though his fortune went down as much as $18 B. Only average 17% of the billionaires gained in their wealth and 83% saw their fortunes go down but still retain billionaire status.
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