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  • Top 5 tech billionaires worth $567B, more than 80 poorest countries combined

    Top 5 tech billionaires worth $567B, more than 80 poorest countries combined

    The combined net worth of the top 5 tech billionaires hit $567bn in February, more than the gross domestic product (GDP) of the 80 poorest countries combined, AksjeBloggen reports.

    According to the Forbes billionaire list, the COVID-19 has helped Amazon founder and CEO Jeff Bezos to grow his wealth by $74bn in the last year, with his net worth reaching $187bn this month.

    The International Monetary Fund data show this figure is closest to New Zealand and Iraq’s GDP, which ranked 52nd and 53rd globally with $193.5bn and $178.1bn, respectively.

    Amazon products have become one of the most demanded in the world during the pandemic, as it keeps providing tech items, groceries, and entertainment to people amid lockdown.

    Because of the high demand for its services, the company had to hire an additional 175,000 workers to keep up with surging demand.

    Bill Gates, the Microsoft founder, is the second wealthiest person in the US tech industry and globally. The net worth of the billionaire working with the WHO and drug makers to defeat the coronavirus is currently standing at $120bn.

    Statistics show Gates’ wealth grew by $22bn in the last year and is now closest to Morocco’s GDP, which ranked 59th globally.

    As the fifth-largest tech company globally, Facebook has also witnessed impressive growth in 2020. The Facebook shares rose by 26% in the last year, pushing its CEO’s fortune up by $39bn billion to $93.7bn.

    This figure means that Mark Zuckerberg’s wealth is $700 million above Puerto Rico’s GDP, which stands at $93.9bn.

    The chairman, chief technology officer, and co-founder of software giant Oracle, Larry Ellison, and co-founder of Google, Larry Page, ranked as the fourth and fifth tech billionaires globally, with $84.9bn and $80.4bn in net worth as of this month.

    Their wealth is the closest to Sri Lanka and Dominican Republic’s GDP, which ranked 66th and 67th globally, with $81.1bn and $77.8bn, respectively.

    Top 5 tech billionaires worth more than GDP of Sweden, Thailand or Belgium

    According to Forbes and International Monetary Fund data, the cumulative wealth of the top five tech billionaires also surpasses the GDP of several countries considered to be economic powerhouses.

    For example, their combined net worth is bigger than the GDP of Austria, Norway, or United Arab Emirates, which ranked 28th, 33rd, and 35th globally with $432.8bn, $366.3bn, and $353.9bn, respectively.

    Statistics show that the five tech billionaires’ wealth is the closest to Poland and Sweden’s GDP, as 23rd and 24th economies globally. The two countries’ gross domestic product stood at $580.9bn and $529bn in 2020.

  • World’s 10 richest fortune soars by 56% to $1.1 trillion this year

    World’s 10 richest fortune soars by 56% to $1.1 trillion this year

    Data presented by Buy Shares indicates that the wealth of the top ten world’s richest people has grown by 56.8% to $1.14 trillion between March 13 and December 1, 2020.

    The additional wealth was acquired amid the coronavirus pandemic.

    Amazon founder Jeff Bezos is the world’s richest person with a fortune of $185 billion as of December 1. Amid the pandemic, his wealth has grown by 66.66% from March 13th.

    France-based Bernard Arnault, the second richest person in the world saw his fortune grow by 103.9% from March’s $69.2 billion to $141.1 billion.

    Tesla CEO Elon Musk is the biggest gainer by a staggering 422.76% in wealth to $128.60 billion. Microsoft founder Bill Gates is the fourth richest person in the world and his wealth has soared by 16.47% to $118.8 billion.

    Elsewhere, Facebook founder Mark Zuckerberg, the fifth richest person in the world has a fortune of $101.7 billion. The wealth grew by 55.74%.

    Berkshire Hathaway CEO Warren Buffet saw his wealth grow by 13.96% to $86.5 billion.

    Oracle chairperson, Larry Elisson’s wealth grew by 45.28% to $78.6 billion. Google co-founder Larry Page’s wealth has grown by 31.4% to $77.40 billion. Businessman Amancio Ortega’s wealth grew by 46.93% to $76.70 billion.

    Sergey Brin’s wealth has soared to $75.2 billion, a growth of 31.69%. Lastly, Steve Ballmer’s wealth has grown by 25.25% to $72.90 billion.

  • Five world’s wealthiest families control a fortune of over $620 billion

    Five world’s wealthiest families control a fortune of over $620 billion

    Data presented by Buy Shares indicates that the world’s wealthiest families cumulatively control a fortune of $621 billion. The wealth is as of October 2020.

    The data shows that the Walton family that runs the Walmart retail chains controls a fortune of $215 billion, followed by the Mars family with wealth amounting to $120 billion.

    The Koch family running the Koch industries owns a fortune worth $109.7 billion.

    Al Saud family, known for vast wealth reserves, controls wealth worth $95 billion. India’s Ambani family owns the fifth-highest fortune at $81.3 billion.

    Jeff Bezos is the wealthiest person in the world

    The research also overviewed the wealth of the five wealthiest individuals globally.

    Amazon founder Jeff Bezos is the wealthiest person with a fortune of $188.7 billion, followed by Bernard Arnault at $119.2 billion.

    Microsoft founder Bill Gates is the third richest person with a net worth of $115.2 billion.

    There is Facebook founder Mark Zuckerberg at $101.8 billion in the fourth spot, while Tesla CEO Elon Musk is the fifth richest person at $93 billion.

  • Five wealthiest Americans worth more than top 5 richest in China, Russia, India

    Five wealthiest Americans worth more than top 5 richest in China, Russia, India

    Data presented by Buy Shares indicates that the net worth of five richest Americans is more than the cumulative wealth of five richest individuals from China, Russia, and India.

    According to the data, the Americans account for $609.3 billion while their counterparts are worth $463.6 billion combined.

    Bezos wealth continues to surge

    From the overviewed countries, the combined wealth of China’s five richest stands at $207.6 billion, while India’s wealthy account for $143.6 billion. On the other hand, the top five Russian wealthy people have a net worth of $112.4 billion. 

    In total, the 20 richest people sampled from the four countries are worth $1.72 trillion. Jeff Bezos emerges as the richest person globally with a fortune of $205 billion as of August 26, 2020.

    Notably, Bezos is $88.8 billion richer than Microsoft founder Bill Gates who ranks as the second richest person in the world.

    The Buy Shares report notes the contribution of the coronavirus pandemic to the increasing wealth of the global billionaires.

    According to the report: ”During the coronavirus pandemic, the global billionaires are among the biggest beneficiaries. For example, Jeff Bezos crossed the $200 billion mark, a record milestone since Amazon was among the biggest beneficiaries of the pandemic.”

    The wealth of overviewed individuals is estimated based on their documented assets and also factoring liabilities like debts. 

  • Top 10 richest people worth more than bottom 85 poorest countries GDP

    Top 10 richest people worth more than bottom 85 poorest countries GDP

    • Data gathered and calculated by Learnbonds.com indicates that the world’s top ten richest people have a combined wealth more than the bottom 85 poorest countries based on GDP.
    • According to the data, the top ten richest people have a cumulative wealth of $858.1 billion while the 85 countries have a combined GDP of $813.5 billion.
    • Top 10 richest people have more wealth than Saudi Arabia’s GDP.

    The list is mainly dominated by American billionaires. From the data, the world’s richest people’s cumulative wealth also surpasses the GDP of various countries considered to be economic powerhouses.

    For example, despite being one of the leading global oil producers, Saudi Arabia’s GDP is slightly lower than the cumulative wealth of the top ten wealthy people. The Middle East country has a GDP of $779.29 billion, to occupy the 18th position globally.

    At the same time, the cumulative wealth of the top richest people is almost twice the GDP of Iran ($458.5 billion) while it’s more than Belgium’s GDP of $517,609.

    Amazon CEO Jeff Bezos is the richest person in the world with a networth of $123.50 billion. His fortune is slightly above Morocco’s GDP which stands at $119,04 billion.

    Bill Gates is the second richest person in the world with a net worth of $112.60 billion ranking him higher than 127 bottom countries in terms of GDP.

    Other global billionaires include Bernard Arnault & family ($108 billion), Warren Buffet ($90.40 billion), Amancio Ortega ($78.10 billion), Mark Zuckerberg ($78.10 billion),  Larry ($68.50 billion), Carlos Slim Helu, ($66 billion), Larry Page ($65.90 billion) and Steve Ballmer ($65.20 billion).