PLANET Earth has a population of 7.6billion people and only a select few are billionaires.
With the wealth disparity constantly diverging, becoming a billionaire and keeping that status grows more difficult as time passes.
Jeff Bezos is the richest person in the world, he is almost a trillionaireCredit: Reuters
Facebook founder Mark Zuckerberg got richer during the coronavirus economic crisis earning roughly $25.3billion in two monthsCredit: Kyodo News Stills – Getty
Elon Musk is in the Top 20 list of richest people in the world, with a fortune of $87.9billionCredit: AFP or licensors
How many billionaires are there in the world?
As of April of this year, there are roughly 2,095 billionaires in the whole world, according to Forbes magazine.
Due to the coronavirus economic crisis, there are 58 fewer billionaires than a year ago and 226 fewer than at the beginning of March.
In other words, 51 percent of the billionaires on the list are “poorer” than they were last year.
However, some have had the opportunity to increase their wealth during the economic crisis due to investments, tax breaks, and business ventures.
Alibaba’s co-founder Jack Ma had a wealth surge during the pandemic by 45 percent, or $58.8 billionCredit: Reuters
Jeff Bezos’ ex wife, Mackenzie Scott is worth $59.6billionCredit: AFP
What country has the most billionaires?
The country with the most billionaires is the United States.
During the peak of the coronavirus crisis, China’s wealthiest citizens earned $1.5trillion during the pandemic despite the global slump caused by the crisis.
During the last year, 257 more people have become billionaires in the country, according to an annual rich list published in October.
It is believed their wealth increased particularly because e-commerce and gaming boomed while most of the world was in lockdown.
A chart of the population living in extreme poverty by regionCredit: Our World in Data
Kylie Jenner is the youngest billionaire due to her beauty line Kylie CosmeticsCredit: Refer to Caption
What percent of the world is a billionaire?
Only 0.08 percent, or 42million people in the world, are considered to hold a billionaire status.
That group — known as the global 1 percent — controls 44.8 percent of the world’s wealth.
A billionaire’s net worth tends to be tied to individual companies’ stocks which can be incredibly volatile depending on day-to-day operations or world events.
Who are the richest people in the world?
- Jeff Bezos – $185.6billion
- Bernard Arnault – $117billion
- Bill Gates – $115.8billion
- Mark Zuckerberg – $96.8billion
- Elon Musk – $87.9billion
- Mukesh Ambani – $85.2billion
- Warren Buffett – $80.1billion
- Larry Ellison – $78.9billion
- Steve Ballmer – $71.2billion
- Amancio Ortega – $68billion
- Alice Walton – $66.5billion
- Jim Walton – $66.3billion
- Rob Walter -$66billion
- Larry Page – $65.9billion
- Francoise Bettencourt Meyers – $65.2billion
- Sergey Brin – $64.2billion
- MacKenzie Scott – $59.6billion
- Ma Huateng – $58.5billion
- Zhong Shanshan – $56.2billion
- Michael Bloomberg – $54.9billion
One analysis suggests that if countries adopted higher top tax rates and the ultra-rich were held accountable for paying their proper share, it could end up to 50 percent of global extreme poverty, according to Vox.
The World Bank considers extreme poverty when the household income per capita is about $1.90 international dollars per day.
As of 2013, Roughly about 42 percent of Sub-Saharan Africa earn that much daily, making them the poorest in comparison to the rest of the world.
Who is the youngest billionaire?
Kylie Jenner, 23, is the youngest billionaire in the world.
This is the second time in a row that Jenner has gotten this title.
She has amassed a net worth of roughly $18.4billion with endorsements and her beauty line, Kylie Cosmetics.
Last year, Jenner agreed to sell a 51 percent majority stake of her company to beauty conglomerate Coty Inc.
Warren Buffett is in the top richest people in the worldCredit: Getty Images
Jim and Alice Walton, owners of Walmart have a combined fortune of $132billion dollarsCredit: Getty – Contributor