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World’s Billionaires getting poorer

Posted on October 4, 2009 by by valerirojas


usdollarsForbes is reporting that even the richest people in the world are getting poorer just like everyone else. But did they notice?

Currently there are 793 people on the new list of the World’s Billionaires, a 30% decline from a year ago. Forbes reports.

Of the 1,125 billionaires who made last year’s ranking, 373 fell off the list–355 from declining fortunes and 18 who died. There are 38 newcomers, plus three moguls who returned to the list after regaining their 10-figure fortunes. It is the first time since 2003 that the world has had a net loss in the number of billionaires.

The world’s richest are also getting poorer. Their collective net worth is $2.4 trillion, down $2 trillion from a year ago. Their average net worth fell 23% to $3 billion. Bill Gates lost $18 billion but regained his title as the world’s richest man again.

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