World’s 8 Richest People Now Have a Combined Net Worth of $1 Trillion
The centibillionaires club now includes Jeff Bezos, Bill Gates, Elon Musk, Mark Zuckerberg, Larry Page, Sergey Brin, Warren Buffett, and Bernard Arnault. By Yoojung Lee, Bloomberg | Updated: 13 April 2021 17:28 IST
Jeff Bezos was first to hit the $100 billion (roughly Rs. 7,54,390 crores) milestone since Bill Gates
Highlights
Progressive lawmakers recently revived plans to introduce a wealth tax
The proposal is unlikely to go anywhere in a narrowly divided Congress
The rally in tech shares has taken the number of people with fortunes of more than $100 billion (roughly Rs. 7,54,390 crores) to eight.
World s eight richest people worth more than $1trn combined
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Stilettos, sneakers and Doc Martens are creating ultra-wealth
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Now, at 90, his net worth has blown past $100 billion.
The Berkshire Hathaway Inc. chairman’s wealth jumped on Wednesday to $100.4 billion, according to the Bloomberg Billionaires Index. That makes Buffett the sixth member of the $100 billion club, a group including Jeff Bezos, Elon Musk and his friend Bill Gates.
The clan’s combined fortunes have grown rapidly, fueled by government stimulus, central-bank policy and the surging equity market. On Wednesday, President Joe Biden’s $1.9 trillion Covid-19 relief bill cleared its final congressional hurdle as the House voted to approve the legislation, adding to the $3 trillion or so in stimulus Washington has already disbursed in the past year.