General

Number of billionaires plunges by 30 per cent

The world’s rich have $2.6 trillion fewer dollars

The financial crisis has taken a huge toll on the world’s richest, according to Forbes, with the number of billionaires down by 30 per cent compared to last year. Today there are 793 people with ten-figure fortunes, down from 1,125 the year before. Of those who made the cut, 87 per cent saw their assets shrink, and only 6 per cent managed to grow their money. Not surprisingly, the combined worth of the world’s richest is also considerably smaller; it’s down $2.6 trillion dollars from last year. Today, the aggregate wealth of the billionaire club is worth $3.1 trillion, down from $5.7 trillion. Even Donald Trump is having financial troubles: he has lost half of his net worth, and his casino company is in bankruptcy.

Forbes

Looking for more?

Get the best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.

FILED UNDER: