Edited by Luisa Kroll, Matthew Miller and Tatiana Serafin, 03.11.09, 06:00 PM EDT
The richest people in the world have gotten poorer, just like the rest of us. This year the world's billionaires have an average net worth of $3 billion, down 23% in 12 months. The world now has 793 billionaires, down from 1,125 a year ago.
After slipping in recent years, the U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of the money and 45% of the list's slots, up seven and three percentage points from last year, respectively. Bill Gates lost $18 billion but regained his title as the world's richest man. Warren Buffett, last year's No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Helú maintains his spot in the top three but lost $25 billion.
More ...
Billionaire Bust
Last year the world had 1,125 billionaires. Today there are 793. How $1.4 trillion vanished.
In Pictures: The World's Billionaires
Last Man Standing
Une Affaire de Famille
Billionaire Acrobatics
Cocaine King
Where The (Still) Rich And Single Mingle
Battle Of The Billionaires
Campus Politics
Related Links
Berkshire Hathaway Annual Letter to Shareholders 2008 - Read the latest Berkshire Letter
Daily Forex Updates - Daily Forex data, commentary & tools to help make trading Forex easy
Share Investor Blog - Stockmarket & Business commentary
Share Investor New Zealand Business News- Get more business news
Shareinvestorforum.com - Discuss this topic further
Forbes Greatest Business Stories of All Time by Forbes Magazine Staff
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After slipping in recent years, the U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of the money and 45% of the list's slots, up seven and three percentage points from last year, respectively. Bill Gates lost $18 billion but regained his title as the world's richest man. Warren Buffett, last year's No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Helú maintains his spot in the top three but lost $25 billion.
More ...
Billionaire Bust
Last year the world had 1,125 billionaires. Today there are 793. How $1.4 trillion vanished.
In Pictures: The World's Billionaires
IN PICTURES
SEARCH LIST
Last Man Standing
Anita Raghavan
Two years after being all but written off, metals mogul Mikhail D. Prokhorov is back--as the richest man in Russia.Une Affaire de Famille
Joshua Levine
The unhappy fallout between Europe's richest woman and her daughter--and the man in the middle.Billionaire Acrobatics
Matthew Miller
How Cirque du Soleil's fire-breathing billionaire Guy Laliberte actually got richer in 2008.Cocaine King
Jesse Bogan
Mexico's most wanted man, Joaquín Guzmán Loera, is one of 38 new billionaires.Where The (Still) Rich And Single Mingle
Maureen Farrell
From Monaco in May to Dubai in December, this is where the party keeps rocking.Battle Of The Billionaires
Daniel Fisher
The next race for the America's Cup could be decided a long way from the water.Campus Politics
Megha Bahree
If the protests die down and the bureaucracy speeds up, India might just get a giant new university. Mining magnate Anil Agarwal is putting $1 billion into this dream.Related Links
Berkshire Hathaway Annual Letter to Shareholders 2008 - Read the latest Berkshire Letter
Daily Forex Updates - Daily Forex data, commentary & tools to help make trading Forex easy
Share Investor Blog - Stockmarket & Business commentary
Share Investor New Zealand Business News- Get more business news
Shareinvestorforum.com - Discuss this topic further
Recommended Amazon Reading
Forbes Greatest Business Stories of All Time by Forbes Magazine Staff
Buy new: $14.93 / Used from: $1.23
Usually ships in 24 hours
Kindle 2: Amazon's New Wireless Reading Device (Latest Generation)
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