Market Overview

The Combined Net Worth Of The World's Billionaires Is $8 Trillion

Share:
The Combined Net Worth Of The World's Billionaires Is $8 Trillion
Related AMZN
PreMarket Prep Recap, March 23: The Trade In The Financials Just Changed
Physical Retail Isn't Dying: Here's How To Play It
Amazon's reported deal for Souq.com cited at $650M-$750M (Seeking Alpha)
Related FB
Snap's Fortunes May Be Tied To Apple And Vodaphone
Facebook's Secular Trends Toward Mobile, Accelerating Shift Of Ad Dollars
Pandora's First Mover Advantage Fades Away (Seeking Alpha)

The combined fortune of every billionaire in the planet is a mind-boggling $8 trillion, up 16 percent from a year ago.

According to the Hurun Global Rich List 2017, there are 2,257 billionaires in the world — 69 more than there were a year ago and 804 more compared to five years ago.

For the second straight year, China accounted for the highest number of billionaires at 609 — 41 more than a year ago. Also, the city of Beijing was crowned the "billionaire capital of the world."

The United States accounts for 552 billionaires, up 17 from a year ago. Germany ranked third with 109 billionaires, followed by India with 100 billionaires.

Bill Gates: Still The Richest

Bill Gates saw his net worth rise by 1 percent from a year ago to $81 billion. Warren Buffett's net wealth rose by an impressive 15 percent to $78 billion but pales in comparison to Amazon.com, Inc. (NASDAQ: AMZN)'s CEO Jeff Bezos, whose net worth soared 37 percent to $72 billion.

Among the world's top 10 richest, eight are American. Spain's Amancio Ortega ranked fourth with a net worth of $69 billion, and Mexico's Carlos Slim Helu and family ranked seventh with a net worth of $46 billion.

The world's youngest billionaire is Mark Zuckerberg, the 32-year old co-founder and CEO of Facebook Inc (NASDAQ: FB) with a net worth of $58 billion (not including his plans to donate 99 percent of his Facebook fortune).

David Rockefeller Sr is the oldest billionaire at 101.

See Also:

  • Major Players In Billionaire Space Race
  • Mark Cuban Has Some Advice If You Want To Be A Billionaire
    _______
    Image Credit: By Kjetil Ree (Own work) [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0)], via Wikimedia Commons
  • Posted-In: billionaires World's RichestEducation Media General Best of Benzinga

     

    Related Articles (AMZN + FB)

    View Comments and Join the Discussion!