2014 Not a Very Good Year for World's 400 Richest

[dellinger63]

In 2014 the World's 400 Cakiest added $92 billion to their portfolios. The top nine individuals on the list accounted for $95.3 billion or all of it and the top man more than 25% of it.

Take the top nine out of the equation and the remaining 391 or 97.75% of the world's wealthiest collectively lost money.

http://www.bloomberg.com/news/2014-1...ba-surges.html

[jms62]

Originally Posted by dellinger63

In 2014 the World's 400 Cakiest added $92 billion to their portfolios. The top nine individuals on the list accounted for $95.3 billion or all of it and the top man more than 25% of it.

Take the top nine out of the equation and the remaining 391 or 97.75% of the world's wealthiest collectively lost money.

http://www.bloomberg.com/news/2014-1...ba-surges.html

Without looking at the list I would say it is all about the oil for those that lost money.

[dellinger63]

Originally Posted by jms62

Without looking at the list I would say it is all about the oil for those that lost money.

The solar companies didn't fare well either.

What I found a bit disheartening was that the WORLD'S top 400 assets amount to $4 trillion and would cover only a quarter of this country's debt.

The diamond in the rough of the story is the top gainer of 2014, the man who made over $25 billion, started off his career as a school teacher and grew up neither in a castle nor a mansion.

Next lifetime!