Despite all its economic growth, no Bangladeshi has made it to the Forbes billionaire list yet. One cannot but wonder: if Bangladesh is really doing so well, where are all the billionaires?
There are only eight centibillionaires in the world; together they hold fortunes of more than $1 trillion and have added $110 billion combined this year
“The fundamental problem is this gross inequality that’s getting worse”
Economic downturns, bad investments, fraud cases, and spending too much are the common reasons of their downturn
A lot of that increase came from billionaires betting on the recovery of global stock markets when they slumped during the lockdowns
The region minted on average one new billionaire every two weeks since March
The 63-year-old is now worth $74.6 billion, surpassing Berkshire Hathaway’s chief executive Buffett’s $72.7 billion as of Wednesday, according to the Forbes’ billionaires’ list
Together these 25 looked at just those on the list with fortunes tied to public stocks–are worth nearly $1.5 trillion, which is about 16 percent of the total wealth held by the world's...