TV News LIES

Monday, Dec 09th

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...


Americans, not Chinese, pay Trump tariffs: NY Fed study

Yusen terminalWhen the Trump administration imposed tariffs on Chinese imports last year, officials insisted China would pay...

2019 deficit nears $1 trillion, highest since 2012: Treasury

Deficit nears $1 trillion The federal deficit for fiscal 2019 reached close to $1 trillion for the first time since 2012,...

Trump can no longer impose 'Section 232' auto tariffs after missing deadline: experts

Auto tariffs can longer can be imposed The U.S. administration may have to find other means if Trump wants to tax European or...

Most Americans are living paycheck to paycheck, survey shows

Living paycheck to paycheck When you have a seemingly endless list of bills to pay and financial responsibilities to take...
 
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!