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2011 was a record year for the world's billionaires

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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-09-11 04:41 PM
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2011 was a record year for the world's billionaires
http://www.msnbc.msn.com/id/41989924/ns/business-forbescom/

This 25th year of tracking global wealth was one to remember. The 2011 Billionaires List breaks two records: total number of listees (1,210) and combined wealth ($4.5 trillion). This horde surpasses the gross domestic product of Germany, one of only six nations to have fewer billionaires this year. BRICs led the way: Brazil, Russia, India and China produced 108 of the 214 new names. These four nations are home to one in four members, up from one in ten five years ago. Before this year only the U.S. had ever produced more than 100 billionaires. China now has 115 and Russia 101.

America's wealthiest still dominate the global ranks, but the U.S. is losing its grip. One in three billionaires is an American, down from nearly one out of two a decade ago. It has 10 more than last year but 56 fewer than its 2008 peak. The U.S. is adding new billionaires at a much slower pace; just 6 percent of its 413 billionaires are new this year compared with 47 percent of China's and 30 percent of Russia's.

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Read that again: 1210 people have $4.5 TRILLION.

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