What Bad Economy? There Are More Billionaires Than Ever

What Bad Economy? There Are More Billionaires Than Ever

While the debate heated up over whether the federal government should raise the minimum wage, Forbes was busy compiling its annual Billionaires List. Spoiler alert: the rich are getting richer.

The 2013 list has a record 1,426 people on it, 210 more than last year. And those mega-rich are worth a collective $5.4 trillion, up from $4.6 trillion. (Bolstering the idea that they could probably end world poverty ten times over with a flick of their pen.)

Learnvest

Get started with a free financial assessment.

 

The Winners

It's the retail moguls that have it especially good this year, like new billionaire Tory Burch, or Amancio Ortega of the European retailer Zara—he occupies the number three spot for the first time, behind Mexico's Carlos Slim (net worth of $73 billion) and Bill Gates. Investment mogul Warren Buffet is not in the top three for the first time since 2000. Maybe because he's been paying more in taxes, like he wants?

The 'Losers'

Here's another clue that you should invest wisely—the biggest loser on the list, a Brazilian, lost a mystifying $19.4 billion in the last 12 months because of unwise investments. (He's still a billionaire). In the U.S., Mark Zuckerberg lost the most, after Facebook's disappointing performance on the stock market lopped more than $4 billion off his net worth. (He's still worth $13.3 billion.) And one Mexican dropped off the list because—as a drug lord—it's difficult for Forbes to verify his wealth. You know, all that tax-free income and all. Somehow Forbes couldn't get in contact with him. They tried.

Image credit: Flickr/World Travel and Tourism Council 

Learnvest

Financial planning made simple.

Get your free financial assessment.

Related Tags

Get the latest in your inbox.

Subscription failed!

You're Now Subscribed!