TV News LIES

Saturday, Jan 20th

Last update05:20:13 AM GMT

You are here News Economy World’s Wealthiest Billionaires Got Nearly $1 Trillion Richer In 2017: Bloomberg

World’s Wealthiest Billionaires Got Nearly $1 Trillion Richer In 2017: Bloomberg

E-mail Print PDF

money goes to moneyThe rich aren’t just getting richer — they’re getting much, much richer.

Citing its Billionaires Index, Bloomberg reported Wednesday that the world’s 500 wealthiest people became almost $1 trillion richer ― that’s $1,000,000,000,000 ― in 2017, thanks largely to booming stock markets. For comparison, that’s over four times as much wealth as they gained last year.

Amazon founder Jeff Bezos, the world’s richest person, saw the biggest gain in wealth in 2017. He added $34.2 billion to his net worth, which now totals $100 billion.

Mark Zuckerberg, founder of Facebook, and Bernard Arnault, CEO of luxury goods company LVMH, also saw significant increases to their wealth this year. Zuckerberg, ranked by Bloomberg as the fifth richest person on Earth, added about $23 billion to his fortune. Arnault, ranked sixth, saw a $24.5 billion boost.

More...


Most Recent Related Stories...


Stocks Fall on Report China Could Slow or Halt Investments in U.S. Debt

Stock xchangeStocks declined on Wednesday, Jan. 10, the dollar slumped and bond yields spiked to a 10-month high...

The GOP tax plan could negatively affect your Social Security benefits

Tax reform? No, tax CUTS for the wealthy!Without a guaranteed monthly stipend, the number of seniors living below the federal poverty level could...

U.S. trade gap soars as imports from China hit record high

trae deficit soars The U.S. trade deficit jumped 8.6 percent in October as imports from China and other suppliers...

Richest 1% now owns half the world's wealth

Richest 1% own half the world's wealth The wealthiest 1% of the world's population now owns more than half of the world's wealth,...
 
America's # 1 Enemy
Tee Shirt
& Help Support TvNewsLIES.org!
TVNL Tee Shirt
 
TVNL TOTE BAG
Conserve our Planet
& Help Support TvNewsLIES.org!
 
Get your 9/11 & Media
Deception Dollars
& Help Support TvNewsLIES.org!
 
The Loaded Deck
The First & the Best!
The Media & Bush Admin Exposed!