Athens takes bronze with $15 billion. Beijing gets bumped down to silver with $40 billion. And the gold medal goes to Russia with $50 billion, making the Sochi 2014 Winter Olympics the most expensive Olympics ever. Let’s meet a couple of Russia’s wealthiest individuals responsible for the bill.
Super-yachts have become the mainstay for billionaires across the globe,making an already exclusive even more nichey. A report from Wealth-X and the UBS Global Billionaire Census (really,that’s a thing?) has found that the average billionaire spends $22 million on yachts, which equates to around a measly R226 million. In that spirit, check out the top five most expensive super-yachts, and feel bad about yourself.
Forbes has released their list of the richest people in America. They said: “Five years after the financial crisis sent the fortunes of many in the U.S. and around the world tumbling, the wealthiest as a group have finally gained back all that they lost.” Guess who’s on top. Go ahead, guess
A study has revealed that South Africa is the favoured country in Africa for millionaires. There are over 35,000 millionaires living in South Africa according to senior analyst at New World, Andrew Amoils.
Brazilain billionaire Eike Bastista has fallen on tough times losing billions in the space of a year. The tycoon, once number 7 on the Forbes wealthiest list, is now being called the “master of road shows” by critics.
As of now, there are 1,426 billionaires in the world, but only 29 of them are under 40 years old. The people on that elite list have a total net worth of $199 billion (R1 trillion) between them. Here’s a peak at the top five on that list of 29
New studies show that the billionaires of this world didn’t get to where they are by luck, or even hard work, alone. It turns out that people who get really, really rich are basically just smarter than you.
It’s one thing to be a billionaire in say, Zimbabwean dollars. It’s quite another to be a billionaire in US dollars. The 2011 Forbes list of wealthiest people, released this week, includes four South African US dollar billionaires out of a total of 14 Africans on the rich list. Here’s the line-up of our wealthiest locals…