"The number of people who may think a banana costs $10 has exploded in the last few decades. The US has 902 billionaires this year, up from 66 in 1990, when the economy was less than half of its current size and $410 million was equivalent to $1 billion in today's dollars. US billionaires are collectively worth about $7.6 trillion, according to Forbes data analyzed by Americans for Tax Fairness."
"The US leads the pack, home to almost one-third of the world's 3,028 people with a $1+ billion net worth, followed by China (450), India (205), Germany (171), and Russia (140), per Forbes. The folks for whom a Ferrari impulse buy is roughly the financial equivalent of your last-minute decision to Uber to the airport tend to cluster in cities. Forbes found that the leading billionaire hubs are New York City (home to 123 billionaires), Moscow, Hong Kong, London, and Beijing."
The United States now has 902 billionaires, up from 66 in 1990, while $410 million in 1990 equaled $1 billion today. U.S. billionaires together hold about $7.6 trillion, representing roughly 4.5% of all American wealth while comprising approximately 0.0003% of the population. Nearly one-third of the world’s 3,028 billionaires live in the United States, with China, India, Germany, and Russia also hosting large numbers. Billionaires cluster in global cities such as New York City, Moscow, Hong Kong, London, and Beijing. Women account for about 13% of billionaires. One-third inherit or marry wealth; finance produces 15%, technology 13%, and manufacturing 11% of billionaires.
Read at Fortune
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