What’s a centibillionaire? Ask Bill Gates and Jeff Bezos, the only members of the $100 Billion Club




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Bloomberg tracks the fortunes of some 2,800 billionaires. Of these, 145 are worth at least $10 billion, making them decabillionaires. Now, the world includes two centibillionaires concurrently.

Microsoft co-founder Bill Gates, as quickly as the world’s richest particular person, has as soon as extra eclipsed the $100 billion threshold, changing into a member of Amazon.com’s Jeff Bezos in the distinctive membership, in step with the Bloomberg Billionaires Index.

Gates’s fortune, now $100 billion on the nostril, hasn’t reached such heights since the dot-com progress, when Bezos was only beginning his march up the world’s wealth rankings. The Amazon founder is now worth $145.6 billion, having added $20.7 billion this 12 months alone, whereas Gates has gained $9.5 billion.

These two fortunes underscore a widening wealth gap in the U.S., the place these with the most capital are accumulating riches the quickest. It’s moreover a worldwide sample. France’s Bernard Arnault has an $86.2 billion fortune, equal to about 3 % of his nation’s monetary system. The web worth of Spain’s Amancio Ortega represents 5 % of that nation’s gross dwelling product. And then there’s Bidzina Ivanishvili, who’s worth about a third of Georgia’s GDP.

The Gates and Bezos mega-fortunes couldn’t closing prolonged. Gates has donated larger than $35 billion to the Bill & Melinda Gates Foundation and talked about he intends to supply away at least half of his wealth. Bezos, in the meantime, may be about to cede some of his fortune for a fully totally different trigger: he and his partner Mackenzie are divorcing.

The Bloomberg Billionaires Index ranks the world’s 500 wealthiest people. The combined web worth of the group has surged $505.8 billion this 12 months to $5.3 trillion.

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