Superbillionaire List: With the number of billionaires increasing across the world, a new category of ‘superbillionaire’ (super rich) has emerged. This category is for those people whose net worth is $50 billion or more.
Add informalnewz.com as a Preferred Source
Superbillionaire List: The list of the world’s richest people includes names like Mukesh Ambani, Gautam Adani, Jeff Bezos, Mark Zuckerberg, Warren Buffett. According to a report by the Wall Street Journal, Elon Musk is the richest person in the world. With the number of billionaires increasing around the world, a new category of ‘superbillionaire’ (super rich) has emerged. This category is for those whose net worth is $50 billion or more. The Wall Street Journal list includes 24 such people, out of which 16 are ‘centi-billionaires’, that is, their wealth is more than $100 billion.
Musk’s net worth is 2 million times more than the average wealth of an American family
Elon Musk, who owns companies like Tesla, SpaceX and Neuralink, is the richest person in the world. His wealth is 2 million times more than the average wealth of an American family. India’s Mukesh Ambani and Gautam Adani are also included in this list. Reliance Industries Chairman Mukesh Ambani has a total wealth of $ 90.6 billion (currently $ 84.9 billion according to the Bloomberg Billionaire Index), while Gautam Adani’s wealth is $ 74.8 billion (currently $ 65.4 billion according to the Bloomberg Billionaire Index).
These 24 people have money equal to the GDP of France
The number of super billionaires has increased rapidly. In 2014, their total wealth was only 4% of the wealth of all billionaires, but now this figure has increased to more than 16%. The total wealth of these 24 people is $3.3 trillion, which is equal to the GDP of France. Most of these people are associated with the tech sector, such as Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Ellison. A large part of their wealth is linked to the shares of their companies, which fluctuates according to the market.
Superbillionaires have expensive houses and properties worth crores of dollars
The increasing number of superbillionaires has also boosted the luxury market. These people have expensive houses and properties worth crores of dollars all over the world. There has been a surge in the sale of luxury apartments and houses specially built for them in cities like New York, Miami, Los Angeles.
The gap between the rich and the poor is increasing
Experts say that this trend shows that the gap between the rich and the poor is increasing. Compared to earlier, the wealth of today’s billionaires increases manifold in just a few years. For example, the wealth of Elon Musk and Jeff Bezos has seen fluctuations of billions of dollars in the last few years.
Wealth not inherited, created by oneself
Apart from this, today’s billionaires are mostly self-made, that is, they have created their wealth themselves. Compared to earlier, the number of people with inherited wealth is now decreasing. This change came due to technology and globalization in the 1980s and 1990s.
Richest 1% people own 30% of US’s total wealth
However, such concentration of wealth is increasing inequality in society. In the US, the richest 1% people own 30% of the country’s total wealth, which is much higher than in the 1980s. Experts believe that this trend may increase further in the coming times, leading to more inequality in society.
