Now rich are getting poorer, we have proof!
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If reports are to be believed, the rich are getting poorer and new birds are getting richer.
As per Bloomberg Billionaires Index, the world's 400 wealthiest individuals shed $19 billion in 2015.
The downfall happened owing to lowering of commodities prices and signs of a slower-growing China.
Bloomberg reported that world’s richest person, Mexican telecommunications mogulCarlos Slim , was the biggest decliner on the index at the close of trading in New York on December 28.
Slim fell to No. 5 this year after losing almost $20 billion.
Meanwhile, Microsoft co-founder Bill Gates ’ wealth fell by $3 billion during the year.
Ortega, Europe's richest person since June 2012, leapfrogged Slim and Buffett as he rose $12.1 billion to $73.2 billion. His 20 percent rise was still $19 billion short of the increase for the year's top-gainer, Amazon.com founder Jeff Bezos.
Bezos added $31 billion in 2015, undoing the $7.4 billion decline he had in 2014 and propelling him up 16 positions to No. 4 on the index.
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As per Bloomberg Billionaires Index, the world's 400 wealthiest individuals shed $19 billion in 2015.
The downfall happened owing to lowering of commodities prices and signs of a slower-growing China.
Bloomberg reported that world’s richest person, Mexican telecommunications mogul
Slim fell to No. 5 this year after losing almost $20 billion.
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Ortega, Europe's richest person since June 2012, leapfrogged Slim and Buffett as he rose $12.1 billion to $73.2 billion. His 20 percent rise was still $19 billion short of the increase for the year's top-gainer, Amazon.com founder Jeff Bezos.
Bezos added $31 billion in 2015, undoing the $7.4 billion decline he had in 2014 and propelling him up 16 positions to No. 4 on the index.
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