Will we ever have trillionaires?

21st Annual HRC National Dinner

Do you know what you’d do with a trillion dollars? Would you buy a fleet of private jets or dune buggies or maybe dine on gold-plated chicken wings ? Or would you just withdraw a huge pile of cash and burn it for fun ?

Some sums of money are so large, they defy imagination: a trillion dollars is just shy of Mexico’s gross domestic product. So, for some perspective: to accrue a billion dollars on the median US household income of just under $60,000 would take more than 16,000 years, assuming you spent none of it. To make a trillion would take you over 16 million years.

Apple recently became the first US-listed company with a market value of $1 trillion . So how long will it be before an individual passes the same milestone, and what will they have to do to get so filthy rich?

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Top 10 countries with the most billionaires per capita

 

Monaco

According to the list of the world’s billionaires released by Forbes the United States isn’t even in the top 1o.  At the top the list is a tiny country with a relatively small but proportionally large number of billionaires.  That country is Monaco. Monaco has three billionaires—specifically, David and Ezra Nahmad, two brothers who are art “megadealers,” along with Lily Safra, the widow of a wealthy banker.

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40 of America’s Billionaires Pledge to Give Half of Their Fortunes to Charity

billionairesx-wide-community

The Giving Pledge urges wealthy individuals to give the majority of their money to charities of their choice.

Warren Buffett says he and Bill Gates have pledges from 40 of America’s wealthiest individuals and families to give away at least half their fortunes to charity.

 

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Top 10 Tech Billionaires

Top 10 Tech Billionaires

Some billionaires just pack a bigger punch than others

The dotcom boom ushered in the new-age entrepreneurship and with it came a new set of billionaires. Billionaires who have brought their start-ups a long way from their ‘garage’ days. Many of them pioneers in their space, these online companies have today evolved into popular global brands and the key people behind them deck up the global rich list. Here’ a profile of the top 10 billionaires who made their fortune from the Web. (Pics)

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Moscow Now Has More Billionaires Than NYC

Moscow Now Has More Billionaires Than NYC

Forbes released its report today on the world’s billionaires, see the top 25 (after the jump). Note that Indians represent three of the six richest people on the planet, and four of the eight richest people, compared to only two Americans. Of the top 25 richest people in the world, Russia has almost twice as many billionaires as the U.S. 

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