Some Notes on reading Forbes Billionaire List 2008
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- There are 1,125 billionaires today, and their total worth is $4.4 trillion. Their worth is up by $900 billion compared to last year, which just goes to show that rich people grow their wealth faster than most of us.
- US has 469 billionaires. Second is russia with 87 of them! 70% of the world’s billionaires are either from US, russia, china, or india.
- Of the 10 richest, 4 from india, 2 from USA, 1 each from sweden,germany, russia and mexico.
- Asia has 211 billionaires. India has the most with 53, china 42, Hong Kong 26, while japan only 24. Although if you consider china and Hong Kong as one country, then it has the most billionaires at 68.
- youngest billionaire is mark zuckerberg, founder of facebook, who at 23 is worth $1.5 billion
- He made the list even if forbes discounted the value. Microsoft bought a minority stake valuing facebook at $15 billion. Forbes valued the company at only $5 billion, which means Mark, who owns 30% is worth $1.5 billion. If that is the real value, then Microsoft overpaid by over a hundred million dollars for the stake. But then what is a hundred million to Microsoft.
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