Pakistan Christian TV

Breaking news and world news from Pakisthan Christian TV on Business, Sports, Culture. Video news. News from the US, Europe, Asia Pacific, Africa, Middle East, America.

The richest in the world in number.  Eighty-six percent of millionaires were wealthy during an epidemic

The richest in the world in number. Eighty-six percent of millionaires were wealthy during an epidemic

This is no other year. Although many small businesses were unable to cope with the epidemic and survived the next year with all their might, the world’s richest people avoided similar problems.

Not only did they not become generally poor during the epidemic year, but even 86 percent of the millionaires were rich last year. And some very significant. 2020 is not just about the corona virus, it may seem so at times. Over the past year, stock quotes have also accelerated, interest in cryptocurrencies has increased and stock prices have generally risen. All this was reflected in the new rankings of the rich.

According to Forbes, the number of billionaires has risen to 2,755, up 660 from the previous year. Their total assets increased from $ 8 trillion in 2020 to $ 13.1 trillion.

Last year, 493 names were added to the list, which saw the list for the first time. A new millionaire every seventeen hours. They include 210 from China and Hong Kong and 98 from the United States. Miriam Adelson, a wealthy newcomer to Nevada with $ 38.2 billion in assets, acquired a gambling network after the death of her husband Sheldon Adelson.

Film and TV producer Tyler Perry, payment company Checkout. Wolfhardt is now a young woman of 31 years, who has raised herself to a billion. Another 250 people who left the millionaire list in the past are back this year.

For the fourth time in a row, Jeff Bezos is the richest man in the world with $ 177 billion in assets. It has increased by $ 64 billion in the past year due to an increase in Amazon shares.

His case highlights how deeply the definition of the world’s richest man has changed over the past decade. While Jeff Bezos’ wealth is slowly hitting $ 200 billion, in 1987 Yoshiyaki Tsukumi was the richest man in the world with only twenty billion dollars. That would be enough for him today at only 89th in the rankings.

However, the size of Elon Mussek’s assets has increased dramatically over the past year. That’s 6 126.4 billion. If so, it’s no surprise he moved up from 31st to second in last year’s rankings. In his case, the reason was that Tesla’s share price was up 705 percent.

See also  Syria accuses the United States of aiding terrorists in this way

French mogul Bernard Arnold is in third place, doubling his fortune from $ 76 billion to $ 150 billion. This is due to the significant growth in shares of LVMH, which includes brands such as Louis Vuitton, Christian Dior or Sebora.

The total wealth of the top ten riches rose from $ 686 billion last year to $ 1.15 trillion. In all, all European billionaires were rich by a trillion dollars last year.

Four people already have a hundred billion or more

Four people managed to cross the $ 100 billion mark this year, and last year it was the pesos alone. Bill Gates Bezos, Musk and Arnold are all in fourth place with $ 124 billion in assets, backed by strong stakes in Microsoft, Canadian National Railways and tractor manufacturer Dere & Company.

Facebook founder Mark Zuckerberg closes the top five spots worth $ 97 billion, up from $ 42 billion a year ago. During the epidemics, people tried to communicate mainly through social networks, so Facebook shares rose 80 percent. Franுவாois Bettencourt Meyers, the French heir to the cosmetics company L’Oreal, became the richest woman this year.

Warren Buffett is the sixth richest man in the world with $ 96 billion in assets. This year, for the first time since 1993, this valuable investor leading Berkshire Hathaway is not in the top five. But you can’t say the 90-year-old buffet, nicknamed the Omaha Oracle, had a bad year. This is an increase of $ 28.5 billion since March 2020.

Of the countries, 614 Americans were ranked last year, compared to 724 this year, but still have more billionaires in the United States. However, Beijing has already surpassed New York this year and has become the most billionaire destination in the world.

140 tops the list of countries with the most billionaires. The rich have amassed $ 4.7 trillion in assets in the Asia-Pacific region, compared to $ 4.4 trillion for US billionaires.

See also  Gulf News | After his meeting with the Prime Minister of the United Kingdom, the Crown Prince, the Prime Minister:

This year, they are led by self-made entrepreneurs

If we focus on the way the rich get rich, the biggest role is played by the entrepreneurs who nurture themselves. Last year it was 1457 people and this year their number has risen to 1975, which represents 72 percent. This is a significant change compared to 2001, when the share was only 49 percent. In the rankings, Forbes distinguishes between “inherited” property “inherited” or “inherited and further developed”. But just because they “worked for themselves” does not mean that the property was created by one person.

The most common ways to enrich new millionaires are cryptocurrencies, SPACs (companies set up with the sole purpose of buying another company), the issuance of traditional public equity, and the coveted healthcare industry.

Exactly 106 billionaires are under the age of 40, two-thirds of whom have amassed their own wealth. The new young billionaire, one of the contributors to their assets, is 26-year-old Austin Russell. The young American left Stanford University to discover luminaire technologies in automated car sensors. It ranks 1299th with $ 2.99 billion in assets.

Eighteen-year-old German Kevin David Lehmann, whose father Gunder Lehmann rewrote his role in the DM-Treasury Mark chain, became the youngest millionaire. With $ 3.3 billion in assets, he ranks 925th. In contrast, the world’s oldest billionaire is 90-year-old American insurance mogul George Joseph.

India’s Mike Ambani has become the richest man in Asia this year, with $ 84.6 billion in assets, ranking tenth on the list. A year ago, Jack Ma, a wealthy Asian, dropped from 17th to 26th place despite raising his fortune to $ 48.4 billion.

See also  Liz Truss, favorite to become British Prime Minister, rejects recession

In terms of percentage, Chinese Chung Shanxhan improved the most this year, launching its Nongfu Spring Bottled Water Company on the Hong Kong Stock Exchange in the fall. The company’s stake was incredibly high, with an asset growth of $ 68.9 billion for the Chinese businessman, 3,345 percent.

Millionaires have lost at least ten years

Despite the epidemic and the global crisis, only 61 names have dropped from last year’s rankings, the smallest drop in the number of millionaires in a decade. One of them is from the Kardashian family, Kylie Jenner, who works in the cosmetics industry, or West Virginia Governor Jim Justice.

Since March 2020, 23 billionaires have died. They include Benjamin de Rothschild of Switzerland, heir to the bank’s fortune, Joseph Safra, the bank’s president in Brazil, and Sheldon Adelson, the casino owner. In late March, after compiling this year’s list, Czech billionaire Peter Kelner died in a helicopter crash. His .5 17.5 billion assets, which his wife and children can acquire, are still ranked.

Forbes has been using stock prices and exchange rates since March 5 to calculate its net worth. . Here. You can find out the current value of the assets of all 2755 billionaires Here.