WORLD’S RICHEST

December 29, 2017


OK, it is once again time to make those New Year’s resolutions.  Health, finances, weight loss, quit smoking, cut out sugar, daily exercise, etc. You get the drill.   All of those resolutions we get tired of and basically forget by the end of February.  If you had all the money in the world, as some do, you might not even make resolutions.  You might sit back and watch it roll in.  Let’s take a quick look.

According to the Bloomberg Billionaires Index, 2017 proved to be an outstanding year for the world’s richest people, watching their net worth rise 23 percent from $4.4 trillion in 2016 to $5.3 trillion by the end of trading on Tuesday, December 26.

The following graph will indicate the progress of the world’s richest through the 2017 year.  As you can see, the world’s richest individuals added a very cool one trillion dollars ($1 trillion USD) to their individual wealth.  Now that’s the entire group of richest people but even that’s a huge sum of “dinero”.

Take a look at these duds below.  Do you know who they are?  I’m going to let you ponder this over the weekend but they all “look familiar” and they are all very very wealthy.

WINNERS:

  • The U.S. has the largest presence on the index, with 159 billionaires. They added $315 billion, an eighteen (18%) percent gain that gives them a collective net worth of $2 trillion.
  • Russia’s twenty-seven (27) richest people put behind them the economic pain that followed President Vladimir Putin’s 2014 annexation of Crimea, adding $29 billion to $275 billion, surpassing the collective net worth they had before western economic sanctions began.
  • It was also a banner year for tech moguls, with the fifty-seven (57) technology billionaires on the index adding $262 billion, a thirty-five (35%) percent increase that was the most of any sector on the ranking.
  • Facebook Inc. co-founder Mark Zuckerberghad the fourth-largest U.S. dollar increase on the index, adding $22.6 billion, or forty-five (45%) percent, and filed plans to sell eighteen (18%) percent of his stake in the social media giant as part of his plan to give away the majority of his $72.6 billion fortune.
  • In all, the 440 billionaires on the index who added to their fortunes in 2017, gained a combined $1.05 trillion.
  • The Bloomberg index discovered sixty-seven (67) hidden billionaires in 2017.
  • Renaissance Technologies’ Henry Lauferwas identified with a net worth of $4 billion in April. Robert Mercer, 71, who plans to step down as co-CEO of the world’s most profitable trading fund on Jan. 1, couldn’t be confirmed as a billionaire.
  • Two fish billionaires were caught: Russia’s Vitaly Orlovand Chuck Bundrant of Trident Seafood.
  • A Brazilian tycoon who built a $1.3 billion fortune with Latin America’s biggest wind developer was interviewed in April.
  • Two New York real estate moguls were identified, Ben Ashkenazy and Joel Wiener.
  • Several technology startup billionaires were identified, including the chief executive officer of Roku Inc. and the two co-founders of Wayfair Inc.
  • Investor euphoria created a number of bitcoin billionaires, including Tyler and Cameron Winkelvoss, with the value of the cryptocurrency soaring to more than $16,000 Tuesday, up from $1,140 on Jan. 4. The leap came with a chorus of warnings, including from Janet Yellen, who called the emerging tender a “highly speculative asset” at her last news conference as chair of the Federal Reserve, on Dec. 13.

I’m not going to highlight the losers because even their monetary losses leave them as millionaires and billionaires.  I know this post makes your day but I tell you these things to indicate that maybe, just maybe it is possible to achieve monetary success in 2018.  I DO KNOW IT’S POSSIBLE TO TRY.  Now, when I say success, I’m not necessarily talking about millions and certainly not billions—enough to cover the basic expenses with a little left over for FUL.

Here’s hoping you all have a marvelous NEW YEAR.  Remember—clean slate.  Starting over. Have a great year.

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