Personal Finance
Ridiculous Things Billionaires Spend Money On
By Seedly  •  March 20, 2020

Ever wondered how many billionaires are there in total around the world?

According to the Forbes list of the world’s billionaires compiled in the year 2019, there is a total of 2,153 billionaires in the world.

Source: giphy

These 2,153 individuals have a total net wealth of US$8.7 trillion (S$12.63 trillion). The total amount of global wealth in the year 2019? US$360 trillion (S$522.54 trillion), according to the Global Wealth Report by Credit Suisse Research Institute.

To put things into perspective:

 Total PopulationTotal Wealth World Population7.7 BillionS$522.54 trillion Total Number of Billionaires2,153S$12.63 trillion Percentage0.00003%2.4%

Billionaires account for 2.4% of the world’s total wealth despite being only 0.00003% of the world’s total population.

What Does It Mean to Be a Billionaire?

If you are wondering how much is a billion, one billion is a thousand million.

A billionaire is a person with a net worth

...
Read the full article
By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance