Billionaire

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A billionaire, in countries that use the short scale number naming system, is a person with a net worth of at least one billion (1,000,000,000, i.e. a thousand million) units of a given currency, usually major currencies such as the United States dollar, the euro or the pound sterling. The American business magazine Forbes produces a complete global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916. As of 2017, there are over 2,000 U.S. dollar billionaires worldwide, with a combined wealth of over US$7.6 trillion. According to a 2017 Oxfam report, the top eight richest billionaires own as much combined wealth as "half the human race".

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Current U.S. dollar billionaires

According to the Forbes report released in March 2017, there are currently 2,043 U.S. dollar billionaires worldwide, from 66 countries, with a combined net worth of $7.67 trillion, which is more than the combined GDP of 152 countries. The majority of billionaires are male, but as of 2015 there are 197 female billionaires. In 2015, there were ten LGBT billionaires. The United States has the largest number of billionaires of any country, with 536 as of 2015, while China, India and Russia are home to 213, 90 and 88 billionaires respectively. Among American billionaires, the average age is 66 years, but as of 2015 there are globally also 46 billionaires under the age of 40.

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Billionaires who own the same wealth as half the world

According to a 2016 Oxfam report, the wealth of the poorest 50% dropped by 41% between 2010 and 2015, despite an increase in the global population of 400 million. In the same period, the wealth of the richest 62 people between the World's Billionaires increased by $500bn (£350bn) to $1.76tn. Runaway income inequality has created a world where 62 people own as much as the poorest half of the world's population. This number has fallen dramatically from 388 as recently as 2010. More recently, in 2017 an Oxfam report noted that just eight billionaires own as much combined wealth as "half the human race".

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Statistics

The table below lists numerous statistics relating to billionaires, including the total number of known billionaires and the net worth of the world's wealthiest individual for each year since 2008. Data for each year is from the annual Forbes list of billionaires, with currency figures given in U.S. dollars.

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See also

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References

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Further reading

• Ritholtz, Barry (26 December 2016). "Map of World Billionaires by Country and by Origin of Wealth". The Big Picture.

Source of the article : Wikipedia