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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 07:48 PM
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World's billionaire population skyrockets
Edited on Fri Mar-10-06 07:51 PM by Joanne98
World's billionaire population skyrockets
Ranks of the ultra-rich rose 15% last year, as stock markets and emerging economies paid off big. Of course, some werent so lucky: Ones in a Siberian prison.

By Forbes

Making a billion just isnt what it used to be.

In our inaugural ranking of the worlds richest people 20 years ago, we uncovered some 140 billionaires. This year the list is a record 793, up 102 from last year.

Theyre worth a combined $2.6 trillion, up 18% since last March. Their average net worth: $3.3 billion. Strong stock markets around the world (the U.S. being the notable exception) contributed to this surge in wealth.

India, whose BSE Sensex market was up 54% in the past 12 months, is home to 10 new billionaires, more than any other country besides the U.S. Notable newcomers include Kushal Pal Singh, Indias biggest real estate developer; Tulsi Tanti, a former textile trader whose alternative energy company owns Asias largest wind farm and Vijay Mallya, the liquor tycoon behind Kingfisher beer.

And the rich get richer GLOBALLY!

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Orrin_73 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 08:03 PM
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1. You are right
there were a few billionaires in Turkey in 2004, in 2005 there were 21!!!!! While the average Turk makes barely enough to make it through the month.
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smtpgirl Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 08:13 PM
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2. and us little people
are doing the drudgery of keeping the US afloat, should we revolt and stop paying taxes?
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