More info on Wikipedia
Quick Facts
- Forbes Magazine reports that Moscow has most billionaires in 2008
- In some Commonwealth countries a billion is a million million
- John D. Rockefeller was the first billionaire in 1916
- Mark Zuckerberg, creator of Facebook, is the youngest at 24
- Increase in billionaires coincides with global economic expansion
Expert summary
Billionaires are persons who have a net worth of at least one billion units of currency. That means, in America a billionaire will have a net worth of at least 1,000,000,000 dollars. Forbes Magazine reports say that New York, London, and Moscow are the three cities that have the largest number of billionaires. The magazine also reports that the year 2006 saw the biggest annual increase in the number of billionaires. The first list of billionaires published by Forbes Magazine in 1986 had 140 around the world. By 2008, the number has grown to 1,125. The total accumulated wealth of those 1,125 billionaires comes to about US$4.4 trillion.
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