Showing posts with label Billionaire. Show all posts
Showing posts with label Billionaire. Show all posts

Jan 22, 2016

China's Wealth

China has 190 billionaires, more than two million millionaires, and ranks a bit behind the US in number of high-net-worth individuals, according to research from Forbes magazine and Boston Consulting Group. Not bad for a communist country.

Apr 3, 2015

Rich Folk Facts

In 2013, the world had about 2,170 billionaires. Women make up 8.5% of those. Ten of America's 43 self-made billionaires dropped out of college.
Sheldon Adelson dropped out of City College of New York ($36.4 billion)
Paul Allen dropped out of Washington State ($16.2 billion)
Andy Beal dropped out of Baylor University ($11.1 billion)
Michael Dell dropped out of University of Texas ($15.3 billion)
Larry Ellison dropped out of University of Chicago ($52 billion)
Bill Gates dropped out of Harvard ($81.6 billion)
Jan Koum dropped out of San Jose State University ($7.5 billion)
Jack Taylor dropped out of Washington University ($11.4 billion)
Mark Zuckerberg dropped out of Harvard ($33.1 billion)

Four of the youngest billionaires in the world are connected to Facebook (Dustin Moskovitz, Sean Parker, Eduardo Severin, and Mark Zuckerberg, ).

America's youngest self-made female billionaire is 30 years old and a college dropout.

New York has the largest number of billionaires, with 96, Hong Kong has 75, Moscow 74 and London 67.

Carlo Slim Helu, a Mexican billionaire worth $69 billion, is considered to be the first “world’s richest man from a developing nation.” He has lived in the same modest home for the past 30 years. His wealth is equal to 5% of Mexico’s economic output.

Millionaires -
The average millionaire goes bankrupt at least 3.5 times.

In the United States, approximately 7% of households are millionaires.

A 2010 study shows that millionaires pay approximately 40% of all taxes in the United States.

According to the book The Millionaire Next Door, only 20% of millionaires inherited their wealth. The other 80% earned their cash on their own.

Half of all millionaires are self employed or own their own business.

Eighteen percent of millionaires have Master’s degrees, eight percent have law degrees, six percent have medical degrees, and six percent have PhDs.

Those with Russian ancestry have the highest concentration of millionaire households in America, with $1.1 trillion, or nearly 5% of all the personal wealth in America. The Scottish rank second, Hungarians rank third, and English ancestry groups rank fourth.

A pentamillionaire is someone with the net worth of $5 million. A decamillionare has a net worth of $10 million. A hectamillionaire has a net worth of $100 million.

The number of U.S. millionaires dropped by 129,000, to about 5 million in 2011.

On average, millionaires are 61 years old with $3.05 million in assets.

Just twenty percent of millionaires are retirees.

In 2008, there were 10 million people around the world who were classified as millionaires in US dollars.

There were 185,000 millionaires in Canada in 2011.

The largest increase in the number of millionaires in the past year were in India (21%), China (16%), and Singapore (14%).

Top five countries with highest percent of millionaires.
Rank, Country, Percentage of Population with Millionaire Status, Total Number of Millionaires
#1 Singapore 17.1% 188,000
#2 Qatar 14.3% 47,000
#3 Kuwait 11.8% 63,000
#4 Switzerland 9.5% 322,000
#5 Hong Kong 8.8% 212,000

Jun 27, 2014

J.K. Rowling

In 2004, she became the first person to become a billionaire by writing books. I plan to be the second, as long as I can hang in there for about 542 more years.

Aug 19, 2011

John D. Rockefeller

Two months before his high school graduation, history's first recorded billionaire, John D. Rockefeller, Sr., dropped out to take business courses at Folsom Mercantile College. He founded the Standard Oil Company in 1870, made his billions before the company was broken up by the government for being a monopoly, and spent his last 40 years giving away his riches, primarily to causes related to health and education. This high school dropout helped millions get a good education.

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.