The 500 richest people have increased their wealth by 1 trillion dollars in just one year. Their fortunes went up by 23% to top comfortable 5 trillion dollars (to put this in perspective, the US budget is now at 3.7 trillion.) 8 people have the same wealth as 2.3 billion people
There are over 2.000 billionaires in the world. China has now overtaken the US, by having 594 billionaires as compared to the US’s 535 – and every three days a new millionaire is born.
There is even an exclusive club of billionaires, the China Entrepreneur Club, which admits members only by the unanimity of its 64 members at present. Together they have 300 billion dollars, the 4.5% of the Chinese GNP. As a norm, the Chinese wealth is a family affair, which means that in 10 years they will leave a heritage of 1 trillion dollars, most probably to their sons; and the amount of inherited wealth is going to rise to three trillion dollars in 20 years.
There are over 2.000 billionaires in the world. China has now overtaken the US, by having 594 billionaires as compared to the US’s 535 – and every three days a new millionaire is born.
There is even an exclusive club of billionaires, the China Entrepreneur Club, which admits members only by the unanimity of its 64 members at present. Together they have 300 billion dollars, the 4.5% of the Chinese GNP. As a norm, the Chinese wealth is a family affair, which means that in 10 years they will leave a heritage of 1 trillion dollars, most probably to their sons; and the amount of inherited wealth is going to rise to three trillion dollars in 20 years.
No comments:
Post a Comment