Thursday, February 28, 2019

The World's Billionaires Are Hurting

Think you had a rough 2018? The stock market meltdowns in 2018 obliterated $1 trillion of the fortunes of the world’s richest individuals. That's according to a list by wealth compiler Hurun Report, China’s version of the Forbes rich list.

The list showed Chinese billionaires still outnumbered those from any other country as of January 31, with 658, although China also lost 212 billionaires last year. The U.S. had 584 billionaires, followed by Germany with 117.

Though Chinese and other Asians are steadily gaining in wealth, Amazon founder Jeff Bezos topped the global chart for the second year running, with wealth estimated by Hurun Global at $147 billion. Bill Gates ranked second with $96 billion and Warren Buffett was third with $88 billion.

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