2017 - the rich got richer by over 20%
Posted: Wed Dec 27, 2017 12:23 pm
Caps doffed........
The richest people on the planet added $1 trillion to their collective wealth in 2017 - more than four times the previous year's gains - thanks to a surge in stock prices.
Bloomberg's Billionaire Index showed that the 500 richest individuals increased their wealth by 23 per cent over the course of the past year, helped by a near 20 per cent rise in the benchmark MSCI World Index and the S&P 500.
Amazon boss Jeff Bezos enjoyed the greatest jump. His wealth surged by $34.2bn, according to Bloomberg, an achievement that in autumn helped him to leapfrog Microsoft co-founder Bill Gates to become the world's richest person. Currently, Mr Bezos' wealth is estimated to be a fraction below $100bn.
The richest people on the planet added $1 trillion to their collective wealth in 2017 - more than four times the previous year's gains - thanks to a surge in stock prices.
Bloomberg's Billionaire Index showed that the 500 richest individuals increased their wealth by 23 per cent over the course of the past year, helped by a near 20 per cent rise in the benchmark MSCI World Index and the S&P 500.
Amazon boss Jeff Bezos enjoyed the greatest jump. His wealth surged by $34.2bn, according to Bloomberg, an achievement that in autumn helped him to leapfrog Microsoft co-founder Bill Gates to become the world's richest person. Currently, Mr Bezos' wealth is estimated to be a fraction below $100bn.
