The wealth held by the world's billionaires jumped by nearly $1 trillion in 2016, and they now have more money than the GDP of Germany or Japan, according to a new report by UBS and PwC.
The population of billionaires rose by 145, or about 10 percent in 2016, to 1,542 billionaires.
The wealth held by those billionaires increased from $5.1 trillion to $6 trillion with their surge in wealth far surpassing broader economic growth or stock market growth.
Today’s graphic comes from HowMuch.net and it shows the richest person on each continent based on data from October 30th, 2017.
Here is the full breakdown by continent:
|Person||Continent||Net Worth||Source of Wealth|
|Jeff Bezos||North America||$97.7B||Technology|
|Jorge Paulo Leman||South America||$30.4B||Food and beverage|
|Amancio Ortega||Europe||$80.1B||Fashion, real estate, investing|
|Aliko Dangote||Africa||$13.1B||Cement, sugar, flour, salt|
|Wang Jianlin||Asia||$25.1B||Entertainment, real estate|
Net worth figures from HowMuch.net as of October 30, 2017
- Also read:This week’s Australian Property Market Update – Latest Data, State by State November 28th, 2023
- Also read:The Boom and Bust of our Property Cycles: A Journey Through the Investor’s Mind
- Also read:Latest property price forecasts for 2023 revealed. What’s ahead in our housing markets in the next year or two?
- Also read:The 10 Safest Cities to Live in Australia
- Also read:Everything you need to know about the state of Australia’s property markets in 20 charts – November 2023
While Antarctica does have valuable natural resource reserves, there are no billionaires living there.
In fact, there are no permanent Antarctic residents at all - But we're planning to visit there as part of our cruise next month!
Still, it is a continent and How Much didn’t want to nominate a penguin, so they chose Arnold W. Donald as its richest person.
As CEO of Carnival Corporation, Donald’s cruise ships make the most profitable endeavours to Antarctica.
His net worth is likely to be less than $100 million.