Mar 11, 2011

Globalization: Forbes Wealthiest List Reflects Changes in Global Economy

And Mexico's Carlos Slim is still at the top.

Forbes Wealthiest List Reflects Changes in Global Economy: "The billionaires' club is growing. Forbesmagazine's annual list shows there are now 1,210 billionaires around the world - that is 199 more than last year. Although the world's top three earners are unchanged from last year, the newcomers in the list of the world's richest, did not come from the U.S. or Western Europe, but from Russia and the Asia Pacific region...

Magazine chairman Steve Forbes says of the 200 new billionaires this year, the majority are from the BRIC countries - Brazil, Russia, India and China. ... "what this underscores is that there is dynamism in the world economy, but it's not in the United States and it's not in Western Europe," he said. 

The top of the list remained unchanged. Mexican media mogul Carlos Slim retains the top spot with a net worth of $74 billion. 

Microsoft founder Bill Gates is second with $53 billion, after giving away $28 billion to charity. And investor Warren Buffet retains third place with $50 billion, up from $47 billion last year. But Russian social media billionaire Yuri Milner takes the front cover. His hometown Moscow has 79 billionaires, the most of any major city. ...

In the U.S., 10 percent of the people own about 38 percent of the nation's net worth. ...

Despite a difficult recession for many, the wealth of the world's billionaires is up 25 percent. And their average net worth is now $3.7 billion - $3.5 billion last year."

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