Thursday, March 10, 2011

Signs of The Times: Inflation, Poor U.S. Dollar: 1,210 Billionaires, Growth From Outside The U.S.

There are many signs of the times in the latest list of billionaires: 273 new names are added, mostly non US citizens, a sign of the poor value of the U.S. dollar, and inflation outside the U.S. The list of richest people is growing by leaps and bounds out side the U.S. and Europe.

Brazil has topped Canada for the first time. The top Brazilian is Eike Batista, with $30B, up from $27B last year, number 8 on the list, self-made rich man from the oil and mining industry.
The richest men continue to be Carlos Sim ($74B), Bill Gates ($56B), and Warren Buffett ($50B).

China has 115 names on the list. The list includes Chinese makers of microwave ovens, sports clothing, pharmaceuticals, sanitary napkins, and car distributors, among others

India has 55, headed by Lakshmi Mittal, Chairman, ArcelorMittal, the steel magnate.

Top Canadan is David Thomson, Chairman of Thomson Reuters, number 17 on the list.

Another year goes by, another year that I don't make it to the Forbes list.

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