Apr 29, 2011


Maybe the old saying about the rich getting richer is no longer true, at least in the US. Brazil, Russia, India, and China produced 108 of the 214 new billionaires in the recent Forbes list of richest people. These four nations are home to one-in-four members, up from one-in-ten five years ago. Before this year, only the US had ever produced more than 100 billionaires. China now has 115 and Russia 101. The US used to have one in two, now it has one in three billionaires and it is down 56 billionaires from 2008 peak. So sorry, I didn't see your name on the list either.