Forbes recently released there annual list of the World’s Richest people. Your net worth would have to be at least $1 Billion to make the bottom of the list. Investors, heirs, computer geeks and inventors of innovative products all make up the list. Out of the top 100 billionaires on this list, NO African Americans are present. Checkout the top 20 below:
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Shawn Carter, better known as Jay-Z who welcomed daughter Blue Ivy with wife Beyonce earlier this month, stepped out solo for the big launch of Manhattan’s 40/40 Club, unveiling the hotspot’s new renovations.
The hip-hop superstar was joined by his celebrity friends, among them singer Ashanti, Russell Simmons, director Spike Lee, record producer Irv Gotti, rapper Wale, The Roots star QuestLove and billionaire Warren Buffett.
More pics after the jump. Read More
source: Forbes
There are seven billion people on the planet. These are the 70 that matter.
What do the president of the United States, the Dalai Lama, a billionaire drug dealer and Facebook founder Mark Zuckerberg all have in common? They are all featured on FORBES’ annual ranking of the World’s Most Powerful People.
The ranking takes into account four factors. First, Forbes measured how many people a person has power over. For a religious leader, like Pope Benedict XVI (#7), that would be the number of adherents, or Catholics, in the world. For a CEO, like General Electric’s Jeffrey Immelt (#28) we counted the number of employees.
Then we looked at the financial resources controlled by each candidate, whether that is revenues (for a company), GDP (for a country) or net worth (for a billionaire). Next we asked: Is a candidate influential in more than one arena, or sphere? This bumped up the ranking of people like New York City Mayor Michael Bloomberg (#17), who is a powerful politician, a self-made media billionaire and a major philanthropist.
Finally, we gave consideration to how actively the candidates wield their power. This measure eliminated inactive heirs to great fortunes, semi-retired industrialists and former heads of state. In all, 70 people made the final list, one for every 100 million people on the planet.
View the full list after the jump.
Forbes released its annual top 400 richest people in America today. The rich continue to get richer. You would have to earn at least 1.05 billion to even crack this list. Checkout the top 25 below and the source of their wealth.
founder of Microsoft Bill Gates #1 on Forbes 400 list estimated worth $59 Billion
Carlos Slim Helu, added $20.5 billion to his fortune, more than any other billionaire. The telecom mogul is now worth $74 billion and has pulled far ahead of his two closest rivals. Bill Gates, No. 2, and Warren Buffett, No. 3, both added a more modest $3 billion to their piles and are now worth $56 billion and $50 billion, respectively.
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(AP) — Billionaire Warren Buffett said Monday the economy has begun to show real strength over the last couple months, and consumers who can afford to are spending more. Buffett appeared on CNBC Monday after the weekend’s Berkshire Hathaway shareholder meeting. About 37,000 people attended Saturday’s meeting to hear Buffett and his partner Charlie Munger answer questions.
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