Wednesday, March 9, 2011

Forbes list of World's Billionaires released, shows that it pays to be Slim.

2010 appears to have been a banner year for Carlos Slim. The world's richest man increased his net worth $20b to a cool $74b, $18b more than Bill Gates, the world's number two. Overall, there are now 1,210 billionaires worth over $4.5 trillion.

Other interesting tidbits:

Mark Zuckerberg is no longer the World's youngest billionaire. His Harvard roommate, Dustin Moskowitz, 9 days his junior and the third employee to Facebook, is now a billionaire, thanks to Facebook's valuation increasing 238% in 2010 (to $50b). The valuation has subsequently increased another 30% since, to $65b. On another note, Eduardo Saverin, former best friend of Mark Zuckerberg, is now worth $1.6b, based on his 5% stake in Facebook (reportedly brought down to 2% through share sales), and Sean Parker is also now worth $1.6b.

The list includes 30 hedge fund managers, 54 investment managers, and 1 drug trafficker, Joaquin Guzman Loera ("El Chapo"), of Mexico.

Moscow, with 79 billionaires, is home to the most billionaires, followed by New York City at 58.

108 of the 214 new billionaires came from the BRIC countries (Brazil, Russia, India and China).

According to Forbes, there are 24 Canadian billionaires, including newcomers Frank Stronach (Magna) and Chip Wilson (lululemon).

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