Thursday, September 20, 2012

Richer than Canada

In this year's Forbes rich list Bill Gates heads the poll again with a fortune of $66bn, $7bn more than last year. This is his 19th year in a row at the top. Warren Buffett comes in second at $46bn and Oracle's Larry Ellison is third at $41bn. Charles and David Koch, industrialist billionaires and favourite funders of all things rightwing, came in joint fourth, with a combined fortune of $62bn. The Waltons of Walmart occupy four of the top 10 slots,

The average net worth of a Forbes 400 member is $4.2bn this year, up from $3.8bn in 2011. Net worth increased for 241 members, and decreased for 66 members. The total combined net worth of the 400 Club was $1.7tn, up from $1.5tn in 2011. Canada's gross domestic product was an estimated $1.7tn in 2011.

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