It’s that time of year again. Forbes magazine has unveiled it’s list of billionaires with a total of 1,226 people on the list this year. That’s a quite a leap from the first list 25 years ago, with just 140 billionaires. I’m not sure what that huge increase means… is it inflation… is it a sign of the times?
Forbes states the worldwide list is comprised of “entrepreneurs, tycoons, and working heirs.”
The average wealth of this year’s billionaires is $3.7 billion
Forbes says the big story this year is churn, saying there were almost as many list members who lost wealth (441) as there were those who gained it (460). Only 180 people held steady on the list, and 117 people fell off the list. That means 117 of last year’s billionaires are no longer billionaires. J.K. Rowling is included in this group, due to her significant charitable giving and the U.K.’s high tax rates.
The changing financial markets are responsible for some of the changing of the guard as well. A good reason not to rely on those billions for happiness when those billions are on paper, are out of your control, and can be easily wiped out.
Among this year’s newcomers is Laurene Powell Jobs
Powell Jobs inherited her husband’s (Steve Jobs) fortune when he died last October. She’s worth $9 billion.
Another newcomer, Sara Blakely, the inventor of Spanx, is the list’s youngest self-made woman (she’s 41 years old).
The youngest self-made billionaire is Dustin Moskovitz, age 27, He’s co-founder of Facebook. Facebook’s founder, Mark Zuckerberg is also on the list.
Among those who have been on the list for each of the past 26 years: Bill Gates and Warren Buffet
The United States has the most billionaires, with 425, with the Russia coming in at number two with 96 billionaires.