The Forbes Rich List is also now out. According to it the top of the billionaire league is again Mexican telecoms magnate Carlos Slim, with an estimated worth of $73bn. Around half of Mexico's 115 million people live in poverty. More than 12 million Mexicans joined the ranks of the poor between 2006-2010, according to government data. A study published in 2012 by the International Labor Organization put the average Mexican salary at $609 a month.
He is followed by the Microsoft founder Bill Gates, who has a fortune of $67bn. Amancio Ortega ($57billion)climbed into third place in the rankings above Warren Buffet (55.5billion).
The Forbes super-rich list of 1,426 billionaires put together sit on wealth estimated at $5.4tn (£3.6tn) – equal to more than a third of the annual output of the US, the world's largest economy.
Credit Suisse, a Swiss bank that specialises in catering to super-rich clients, estimated last autumn that the world's richest 1% – that is, those with wealth of $710,000 and greater – control 46% of global assets. In its annual Global Wealth report, the bank estimated that the number of individuals with fortunes in excess of $50m around the world had reached 84,500.
James Henry, a former economist with the global consultancy firm McKinsey, has estimated that between $21tn and $32tn of the world's wealth had been stashed, tax-free, in offshore investments – with about half of this sum controlled by the world's richest 91,000 people.
The highest-ranking British billionaire on Forbes' list is the Duke of Westminster, Gerald Grosvenor. His Grosvenor Group owns large tracts of land in Mayfair and Belgravia and can trace its roots back to 1677, is worth $11.4bn. Fourth on the UK rankings was his fellow land-owning aristocrat Lord Cadogan, whose Cadogan Estates includes a lot of real estate in Chelsea.
He is followed by the Microsoft founder Bill Gates, who has a fortune of $67bn. Amancio Ortega ($57billion)climbed into third place in the rankings above Warren Buffet (55.5billion).
The Forbes super-rich list of 1,426 billionaires put together sit on wealth estimated at $5.4tn (£3.6tn) – equal to more than a third of the annual output of the US, the world's largest economy.
Credit Suisse, a Swiss bank that specialises in catering to super-rich clients, estimated last autumn that the world's richest 1% – that is, those with wealth of $710,000 and greater – control 46% of global assets. In its annual Global Wealth report, the bank estimated that the number of individuals with fortunes in excess of $50m around the world had reached 84,500.
James Henry, a former economist with the global consultancy firm McKinsey, has estimated that between $21tn and $32tn of the world's wealth had been stashed, tax-free, in offshore investments – with about half of this sum controlled by the world's richest 91,000 people.
The highest-ranking British billionaire on Forbes' list is the Duke of Westminster, Gerald Grosvenor. His Grosvenor Group owns large tracts of land in Mayfair and Belgravia and can trace its roots back to 1677, is worth $11.4bn. Fourth on the UK rankings was his fellow land-owning aristocrat Lord Cadogan, whose Cadogan Estates includes a lot of real estate in Chelsea.
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