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102 More Billionaires in 2005

Contributed by mm | March 9, 2006 6:14 PM PST





Forbes reported 793 billionaires in its annual richest people list -- it means more than 100 new billionaires were crowned in the last twelve months. The 793 individuals' collective wealth, $2.6 trillion, equals to 5% of total household wealth in U.S. ($52.1 trillion) -- of course, this is not apple-to-apple comparison.

Alas, at least we still have some mobility in the top 10 list. (Last year's top-10 list.)

From Forbes:

Making a billion just isnt what it used to be.

In our inaugural ranking of the worlds richest people 20 years ago we uncovered some 140 billionaires. This year the list is a record 793, up 102 from last year.

Theyre worth a combined $2.6 trillion, up 18 percent since last March. Their average net worth: $3.3 billion. Strong stock markets around the world (the U.S. being the notable exception) contributed to this surge in wealth.
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