World’s Eight Richest Individuals Have as Much Wealth as Poorest 50%

World’s Eight Richest Individuals Have as Much Wealth as Poorest 50%

The world’s eight richest individuals now have as much wealth as the 3.6 billion people who make up the poorest half of the world, according to Oxfam.  The world’s poorest 50% owned the same in assets as the $426 billion thats headed by a group of rich men including Bill Gates, Amancio Ortega, Warren Buffett, Carlos Slim Helu, Jeff Bezos, Mark Zuckerberg, Larry Ellison & Michael Bloomberg.

“The world’s poorest 50% owned the same in assets as the $426 billion thats headed by a group of rich men.”

~ BBC

The Oxfam report has also indicated that between 1988 & 2011, the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 per person, almost 182 times as much.

Related Reports: BBC, The Guardian

 


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World’s Wealthiest People Ending 2016 with $237 Billion More

World’s Wealthiest People Ending 2016 with $237 Billion More

The world’s wealthiest people are ending 2016 with $237 billion more than they had from the start of 2016. According to the Bloomberg Billionaires Index, the richest people wealth went through $4.8 trillion of daily net worth gains and losses throughout the year. In the end, it rose 5.7% to $4.4 trillion by 27th December.

“The world’s wealthiest people are ending 2016 with $237 billion more than they had from the start of 2016.”

~Bloomberg

Four of the five biggest gainers in 2016 were Americans, including Warren Buffett, Bill Gates, Harold Hamm and Jeff Bezos. The fifth one was France’s Bernard Arnault who is Chairman & CEO of LVMH. The biggest gains were led by Warren Buffett, who saw an increase of $11.8 billion during the year.

Related Reports: Bloomberg

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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Zara Founder Overtakes Bill Gates as Richest Man

Zara Founder Overtakes Bill Gates as Richest Man

Zara founder Amancio Ortega recently surpassed Bill Gates to become the world’s richest man with $78 billion compared to Bill Gate’s estimate of $77.4 billion. Ortega whose father was a railway worker in La Coruna founded the world famous clothing empire from this living room with Rosalia Mera, his ex wife before establishing the Inditex fashion group.

“Zara founder Amancio Ortega recently surpassed Bill Gates to become the world’s richest man with $78 billion.”

~ Luxury Insider

Ortega briefly took the title of world’s richest man for the first time in October 2015, when his shares hit an all-time high and boosted his net worth to $80 billion. But the stock quickly dipped, and Gates once again took the throne. Both  will likely continue to exchange the title as the stock prices of their holdings continue to bounce up and down.

Related Reports: Luxury Insider, Forbes

 

About Inditex

Inditex is a fashion retailer which dates back to 1963 when it started life in a small workshop making women’s clothing. Today it has more than 7,000 stores throughout the world. Through its history the Group has evolved to become the business it is today reaching many notable milestones along its journey. But it has always remained focused on listening closely to its customers to offer them the fashions they desire.

Visit: Inditex

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

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