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Default World's wealthiest became $1 TRILLION richer in 2017

On Wednesday, December 27, 2017 at 6:26:23 PM UTC-5, raykeller wrote:
http://www.dailymail.co.uk/news/article-5215353/Worlds-richest-1-trillion-richer-2017.html

World's wealthiest became $1 TRILLION richer in 2017 with Amazon's Jeff
Bezos adding a cool $34.2 billion to his fortune

World's 500 richest people saw their collective wealth expand from
$4.4 trillion to more than $5.3 trillion in 2017

New Bloomberg figures showed their wealth soared four times more
than 2016

Amazon's Jeff Bezos the richest with a net worth of $99.6 billion
after adding $34.2 billion to his wealth this year

Behind Bezos, Chinese property developer Hui Ka Yan was the second
biggest gainer having raked in $25.9 billion

The richest billionaires in the world added a cool $1 trillion to their
collective wealth in 2017 with Amazon's Jeff Bezos raking in the most.

New figures from Bloomberg show that the world's 500 richest people saw
their wealth expand this year from $4.4 trillion to more than $5.3
trillion.

Booming stock markets saw their wealth soar four times more than they
did in 2016.

Thanks to a surge in Amazon's share price, Bezos added $34.2 billion to
his wealth to round out a standout year for the tech and retail giant.

Bezos is now listed as the world's richest person with a net worth of
$99.6 billion.

He overtook Microsoft founder Bill Gates on the billionaire's list back
in October.

Gates, who had held the top spot since 2013, added $8.89 billion to his
wealth in 2017 despite donating large chunks of his fortune to charity.

The Microsoft founder's overall net worth is now $91.3 billion.

Behind Bezos, Chinese property developer Hui Ka Yan was the second
biggest gainer in 2017 having raked in $25.9 billion - a 350 percent
jump from last year.

The third largest gainer was French business magnate Bernard Arnault,
with the head of LVMH adding $23.6 billion to his fortune.

Facebook's Mark Zuckerberg added a whopping $22.6 billion in 2017,
bringing his networth to $72.6 billion. Zuckerberg saw his profits soar
despite his firm encountering the anger of government around the world
amid claims they fail to do enough to take down extreme and criminal
content.

Other key factors from Bloomberg's report indicate that the US had the
largest presence on the Billionaire's Index, with 159 billionaires
adding a collective $315 billion.

The 38 Chinese billionaires on the list added $177 billion in 2017 and
Russia's 27 richest people added $29 billion.

It was a also standout year for tech moguls in general with 57
technology billionaires adding a collective $262 billion, which is a 35
percent increase from last year.

In total, 440 out of 500 billionaires on the list added to their wealth
in 2017.

The Bloomberg Billionaires Index is a daily ranking of the worlds 500
richest people.

Financial experts have said the stock market is enjoying one of its
biggest booms in years raking in stellar profits for big investors.

Mike Ryan, chief investment officer for the Americas at UBS Wealth
Management, told Bloomberg: 'It's part of the second-most robust and
second-longest bull market in history.

'Of all the guidance we gave people over the course of this year, the
most important advice was staying invested.'


I have just been figuring out my net worth. Almost have it done. My net worth went up by very close to 20% this last year. So the fact that the net worth of billionaires went up is not news.

Dan
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