Missing: 332 billionaires – $1.4 trillion reward if found
March 12, 2009 by William K. Wolfrum
Just remember, if you think you have it tough, there are currently 332 people walking around with the heartbreak of being a multi-millionaire. Because this economic crisis is hitting rich folk the hardest:
The richest people in the world have gotten poorer, just like the rest of us. This year the world’s billionaires have an average net worth of $3 billion, down 23% in 12 months. The world now has 793 billionaires, down from 1,125 a year ago.
After slipping in recent years, the U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of the money and 45% of the list’s slots, up seven and three percentage points from last year, respectively. Bill Gates lost $18 billion but regained his title as the world’s richest man. Warren Buffett, last year’s No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Helú maintains his spot in the top three but lost $25 billion.
Personally, I think that the world’s richest men are just Going Galt and working less out of fear that they may have to pay a slightly higher tax rate. It’s a can’t-miss plan, after all.
–WKW








Quick, someone cut the capital gains tax. I think I’ll call 9-1-1.