Tuesday 20 October, 2020

Rich get richer as income of world's wealthiest jumped by 25% in 2019

It's a classic case of the rich getting richer, as a new analysis of the Bloomberg Billionaires’ Index has concluded that the world's richest people increased their wealth by 25 per cent this year.

In actual numbers, according to Bloomberg, the 500 richest people on the planet increased their wealth by US$1.2 trillion in 2019, which has resulted in their total wealth being a combined US$5.9 trillion.

Despite losing US$8 billion due to a divorce from his ex-wife, Amazon's Jeff Bezos remains the richest man in the world with a net worth of US$116 billion. He is among 52 persons on the list who saw their wealth decline for 2019.

In a case of classic irony, Bezos' ex-wife, MacKenzie, has improved her earnings to a total of US$37.5 billion, and is now ranked 25th on the Bloomberg index.

The second richest person in the world is Microsoft's co-founder, Bill Gates, with a net worth of US$113 billion, while French magnate, Bernard Arnault, is at third with US$106 billion.

According to Bloomberg's Billionaires Index, the top three gainers of the year were: Frenchman Arnault, who saw $36.5 billion being added to his wealth; Facebook founder, Mark Zuckerberg, whose wealth jumped by $27.3 billion; and Gates, who increased his wealth by $22.7 billion.

American billionaires accounted for a combined total of US$500 billion being added to their wealth.

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