Monday , July 26 2021

Crisis value: Donald Trump falls below the ranking of billionaires | Income inequality in the US

IIt was a wonderful pandemic for the richest people in the world. The annual Forbes poll includes a record 2,755 billionaires, with Amazon founder Jeff Bezos once again at the top of the list, the media company said on Tuesday.

The ranks of the super-rich swelled as the Koranic pandemic threatened the lives and livelihoods of millions of people around the world, but stock markets continued to hit new levels.

Bezos was one of the biggest winners, leading the poll for the fourth consecutive year with a fortune of $ 177 billion, while Tesla boss Elon Musk came in second with a fortune of $ 151 billion, an increase of $ 126.4 billion from one year, it ranked No. 31 and was worth “just” $ 24.6 billion.

Together, the plutocrats added $ 5 billion to their fortune for a combined fortune of $ 13.1 billion, up from $ 8 billion in the 2020 list. A record 493 people joined the list this year – one new billionaire every 17 hours. The majority, 205, were in China. But profits were widespread with profits around the world.

Not everyone was a winner. According to the latest list, the position of Donald Trump among other billionaires has dropped by almost 300 positions by 2020, to 1,299. The humiliating fall is on the Forbes list next to a quote from the former president reading: “I did a lot of finance classes at Wharton. First they taught you all the rules and regulations. Then they taught you that these rules and regulations really need to be broken. “

Trump has lost millions in retail stores, hotels and golf resorts in recent years. But businesses that ousted Trump after the Capitol attack appear to be continuing to lease his assets, helping him make millions on some properties over the past year.

Other losers included Galen Weston, George Weston’s co-president, the Canadian food and retail giant who also owns Selfridges, which dropped from the list as the retail sector struggled with the fall of the pandemic. Model and businesswoman Kylie Jenner was also removed after it was revealed that she had inflated her sales figures to enter the 2020 list. But the Kardashians had a victory, Kim Kardashian West’s sister (whose CV reads: “I feel that the success is the best revenge “) was officially declared as a billionaire.

Kanye West, the divorced husband of Kardashian West, also retained the status of billionaire with a fortune of $ 1.8 billion.

Sixty-one billionaires have dropped from the list this year, the smallest number abandoned in a decade. Among them was Isabel dos Santos, once the richest woman in Africa, who fell amid allegations of corruption.

But it was generally a great year to become a billionaire. Eighty-six percent of the list increased their wealth.

The newcomers included film and television producer Tyler Perry, who provided home and security for Prince Harry and Megan when they moved from Canada to Los Angeles last year.

Bumble dating co-founder Whitney Wolfe Herd, 31, became the world’s youngest self-made female billionaire, and Europe Guillaume Pousaz, 39, founder of payment company, the youngest self-made male billionaire.

Britain’s richest man, James Ratcliffe, founder, chairman and majority owner of the chemical company Ineos Group, climbed five places to No. 113 with a fortune of $ 17 billion.

The richest newcomer was Miriam Adelson of Nevada, who inherited the Sheldon Adelson casino empire after his death in January and a fortune of $ 38.2 billion.

About 250 people who had previously dropped from the list returned this year. A rising tide obviously raises all the large yachts.

But he was the incredibly rich man who made the biggest profits. 0.001% did even better than their younger counterparts. The top 10 richest people on the list are worth $ 1.15 billion, up from $ 686 billion last year.

“The very, very rich have become much, much richer,” Forbes chief Randall Lane told Reuters Video News.

The pandemic, meanwhile, appears to be raising the number of people living in extreme poverty to 150 million this year – the first year the number raised by the World Bank rose to 20 years.

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