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Thursday, March 3, 2016

2016 list of world’s billionaires and falling wages of the masses

Bill Gates remains Forbes' richest man in world in 2016 list of billionaires | Daily Mail Online
Bill Gates topped the list of the world’s richest billionaires for the 17th time in 22 years, it has been revealed.
Though the 60-year-old Microsoft head is $4.2billion poorer than 2015, his net worth of $75billion has put him in the top spot of the spot on Forbes' World Billionaires list for the third year in a row, after overcoming Mexico’s Carlos Slim Helu in 2014.
Helu came in fourth in Forbes’ 2016 list of 1,810 billionaires, behind Gates, Zara’s Amancio Ortega and business mogul Warren Buffett, respectively.
Others who made the top ten include Amazon’s Jeff Bezos at fifth on the list, Mark Zuckerberg of Facebook at sixth, Oracle’s Larry Ellison at seventh, Michael Bloomberg at eighth, and tied for ninth are David and Charles Koch.
The Richest Person In Each Of The Biggest Cities In The U.S. | Celebrity Net Worth
We've put together a list of the richest people in the 20 biggest cities in the United States. Some names, like Bill Gates and Mark Zuckerberg, are recognizable. Many of these men and women rank among the richest people in the world. Most are not household names. They run the gamut from tech moguls to hedge fund whizzes to a soup heiress to retail magnates and beyond. One heiress is so wealthy, she takes the top spot in two cities (and she's one of our billionaire single ladies too, fellas!).
Bill Gates tops Forbes 2016 list of world’s billionaires - Videos - CBS News
Forbes magazine's 2016 list of billionaires features 1,810 billionaires around the world, down 16 from last year. Those billionaires have a total net worth of almost $6.5 trillion. Microsoft co-founder Bill Gates is the richest for the third year in a row with $75 billion. Forbes assistant managing editor of wealth Luisa Kroll joins "CBS This Morning” to reveal the list.

On the flip side:

Wealthiest 1 percent own 'half of all household wealth'—report
Worldwide wealth inequality keeps growing, with the richest 1 percent of the global population accounting for “half of all assets in the world,” according to a new report. Meanwhile, the poorest half has just 1 percent of its wealth at its disposal.The pace of wealth growth in the middle classes has slowed down, unlike the growth of the richest people, said the Global Wealth Report issued by the Zurich-based Credit Suisse bank.
“This has reversed the pre-crisis trend which saw the share of middle-class wealth remaining fairly stable over time,” Tidjane Thiam, the chief executive of Credit Suisse wrote in the report.
“These results reinforce our findings from last year’s edition of this report, which argued that wealth inequality had widened in most countries in the years after 2008,” he added.
The number of super-rich people in the world, meaning those with a net worth of more than $50 million, went down by 800 in mid-2014 due to a stronger dollar.
There are 123,800 people worth more than $50 million, with half of them living in North America and a quarter in Europe.
Wages Fall, Export Deficit Rises | The Daily Caller
American unemployment held steady in February while hourly wages fell, and government numbers showed export levels falling to a five-and-a-half year low.
Economists estimate that there were 242,000 more people employed in non farm jobs last month with the non farm unemployment rate staying at an eight-year low of 4.9 percent, Reuters reports.
However not all news regarding the economy was positive. It was projected that hourly earnings would increase .3 percent, instead they fell by .1 percent.
Payrolls surge while wages drop in mixed jobs report | Business |
Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans.
U.S. jobs data shows strong jobs growth, wages fall | Reuters

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