Monday 31 December 2018

Bloomberg Billionaires Index updated rich list.

For the Christmas just past, and during the whole of 2018, did you buy, or order anything, or receive any pressies bought on Amazon? 

Well you are among the tens of millions of customers who have contributed to Amazon founder Jeff Bezos’s wealth, as he has been affirmed as the world’s richest man, according to the just updated Bloomberg Billionaires Index. 

The Amazon mogul’s personal worth increased by 24 billion to 123 billion dollars over the past year.
However after gathering the 500 largest fortunes in the world, reported the Belgian newspaper “De Tijd”, 2018 ended with the richest group of people losing a collective 451 billion dollars.  Top guy Mr Bezos lost about 45 billion US dollars in the last three months of 2018.

A year of volatile trading conditions had diminished the bank account of many of the billionaires on the index, such as falling stock markets, weaker consumer’s confidence and a generally challenging trading environment.
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Other top names on the list that made it to the top 30 wealthiest people globally included founders of some of our fashion retailers Inditex (Amancio Ortega), Alibaba (Jack Ma) and Fast Retailing (Tadashi Yanai) the largest clothing retailer in Asia and parent of Uniqlo.

Also further down on the rich list are the Walton family, owners of Walmart; Stefan Persson, chairman and largest shareholder of Hennes & Mauritz, the world's second-biggest retailer of private-label apparel; and Henry Cheng, chairman of Chow Tai Fook Jewellery, a Hong Kong-based jeweller.

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