Saturday, January 03, 2015

The rich get richer, and the poor...


Figure hits $4.1 trillion

Wealth of world’s 400 richest billionaires rose $92 billion in 2014

By Andre Damon
3 January 2015
The wealthiest 400 people in the world saw their combined net worth grow by $92 billion last year, hitting $4.1 trillion. The bonanza for the super-rich was underwritten by governments and central banks around the world, which fueled surging stock markets and record corporate profits by pumping hundreds of billions into the financial markets.

The figures were provided by the Bloomberg Billionaires Index, which was initiated in 2012 and tracks the wealth of the 400 richest people in the world.

The combined net worth of these 400 individuals is greater than the gross domestic product of Germany, the fourth largest economy in the world. The average net worth of each of the billionaires grew by $240 million, to $10.25 billion.


No comments: