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Deciding on Values: Donald Trump Falling Billionaire Rankings | US Income Inequality

IIt’s a delightful plague for the richest person in the world. Forbes’ annual billionaires poll includes record-breaking 2,755 billionaires, with Amazon founder Jeff Bezos leading the list again, the media company said Tuesday.

The ranking of the wealthy is rising as the coronavirus epidemic threatens the lives and livelihoods of millions of people around the world. But the stock market still holds new record highs.

Bezos was one of the biggest winners, topping the poll for the fourth year in a row with a fortune of $ 1

77 billion, while Tesla boss Elon Musk took second place with $ 151 billion, an increase of 126.4 billion. $ Million from last year when he was at number 31 and was worth just over $ 24.6 billion.

The power together added 5 tonnes to their fortunes for a combined fortune of 13.1 tonnes, up from 8 tonnes on the 2020 list.This year, 493 people attended – 1 new billionaire every single one. 17 hours, most of 205 are in China But the profits are widespread all over the world.

Not everyone is a winner. According to the latest listing, Donald Trump’s status among other billionaires has fallen to nearly 300 locations since 2020, down to 1,299 of the infamous collapse on Forbes next to speech. Of the former president who read: “I took a lot of finance courses at Wharton. First of all, they teach you all the rules and regulations. Then they teach you that those rules and regulations are really meant to break. ”

Trump has lost millions of retail locations, hotels and golf resorts in recent years. But it appears that a business estranged from Trump following the attack by the government has continued to lease his property, helping him sweep millions of properties last year.

Among the other losers was Galen Weston, Emeritus President of George Weston, the Canadian food and retail giant Selfridges, who dropped off the list as the retail sector struggles with the epidemic. Model and businesswoman Kylie Jenner was also delisted after it was revealed that she had increased her sales to be on the 2020 list, but the Kardashians beat sister Kim Kardashian West. her (Whose biography reads “I feel success is the ultimate revenge”) was officially declared a billionaire.

Kardashian West’s estranged husband, Kanye West, retains billionaire status with $ 1.8 billion.

Sixty-one billionaires have dropped off the list this year, the lowest number in a decade. Among them is Isabelos Santos, once the richest woman in Africa, amid corruption charges.

But overall it was a good year to be a billionaire. Eighty-six percent of the names increased their wealth.

New entrants include film and television producer Tyler Perry, who provided home and security for Prince Harry and Meghan when they moved from Canada to Los Angeles last year.

Whitney Wolfhard, 31-year-old co-founder of dating app Bumble, becomes the youngest self-made female billionaire in the world, and 39-year-old European founder Guillaume Pousaz, founder of checkout.com. Who is the youngest self-made male billionaire

Britain’s wealthiest man, James Ratcliffe, founder, president and majority owner of chemical firm Ineos Group climbed fifth to 113th place with $ 17 billion.

The wealthiest newcomer is Nevada-based Miriam Adelson, who inherited her husband Sheldon Adelson’s casino empire after his death in January and won $ 38.2 billion.

About 250 people who had previously dropped off the list rejoined this year. Clearly, the rising tide raised all the large yachts.

But are the incredibly wealthy people who made 0.001% the most profitable than their smaller peers.The 10 wealthiest people on the list were worth 1.15 tons, up from $ 686 billion a year ago.

“The rich, the more rich,” Forbes Chief Content Officer Randallen said in an interview with Reuters Video News.

Meanwhile, the outbreak appears to have increased the number of people living in extreme poverty to 150 million this year, the first year the World Bank has increased that number in 20 years.

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