Mar 3 2014, 5:09pm CST | by Forbes
“The ranks of the world’s billionaires have swelled to a record 1,645 including 268 newcomers. While wealth spreads to new corners of the world, including for the first time places like Tanzania, the U.S. still dominates with Bill Gates back on top after a four-year hiatus” — Kerry A. Dolan and Luisa Kroll.
“This year the annual listing of the world’s billionaires features 268 first-time faces, including 42 women, the most ever. They minted their fortunes from social media in Silicon Valley, real estate in China, fashion in Nigeria and every combination in between” — Alex Morrell. Read about the new class of billionaires.
“Getting to the $1 billion mark isn’t a race, but some just get there faster. Of the 1,645 members of the Forbes Billionaires list, 31 are under the age of 40. That elite group no longer includes the Google guys, Sergey Brin and Larry Page, both of whom have crossed into their 40′s. One unexpected twist: this year’s group includes a new youngest billionaire” — Ryan Mac. Read The World’s Youngest Billionaires 2014: 31 Under 40
“Steve Ballmer stepped down as Microsoft MSFT -1.58% CEO in February, but he still retains his place among the pantheon of the world’s richest technologists. The net worth of the former Microsoft executive is up $4.1 billion since last year, a trend that is consistent among the top 15 wealthiest of the Forbes Billionaires list who hail from the technology industry. In a year that saw shares of Google GOOG -0.95% and Facebook hit record highs, the group attained a collective net worth of more than $382 billion, up 40% from the top 15 of last year” — Ryan Mac. Read The World’s Richest In Tech: Ballmer Sticks Around, Zuckerberg Makes Moves
“There are now 46 billionaires in the world who have derived most of their wealth from managing hedge funds. These hedge fund billionaires have made their fortunes by trading everything from stocks to bonds, options, currencies, mortgages and derivatives in financial markets. The money making machines of these hedge fund billionaires, however, have also been fueled by the rich fees they charge their investors” — Nathan Vardi. Read The World’s Hedge Fund Billionaires
“‘Dumb money’ used to be a big joke in Hollywood. Rich folks who wanted to rub shoulders with glamorous stars would throw money at Hollywood and for some reason, their films never made any profit. Blame “creative accounting.” Eventually, they would slink back to the safer waters of Wall Street. Today’s billionaires are much smarter about their Hollywood investments. They’re not just in it for the glamour, they’re in the game to make money and create quality films” — Dorothy Pomerantz. Read The Billionaire Winners Of The 2014 Academy Awards
“For years, entrepreneurs have floated the idea of paying people for their personal data rather than just taking it without asking, the standard approach of many marketers. Now, a few entrepreneurs are advancing plans to get cash or benefits into your hands in exchange for letting marketers have direct access to your social network activity, Internet browsing, purchases and other transactions. This information helps marketers pitch the right products to interested customers” — Adam Tanner. Read Others Take Your Data For Free, This Site Pays Cash
“Michael Lewis wrote Moneyball over a decade ago. The term, shorthand for valuing baseball players with non-traditional advanced metrics, has wound its way into the sport’s consciousness with increasing regularity ever since. You might think it’s become old hat by now, so much a part of the new norm that it’s now almost boring. You would be wrong” — Tom Van Riper. Read Moneyball Still Isn’t Saving MLB Teams Much Money
“They say money can’t buy you love – but for some mates, it can certainly sweeten the deal. We counted up 1,645 of the world’s richest in the Forbes’ Billionaires list, but just 3% of these billionaires have never tied the knot” — Natalie Robehmed. Read The World’s 10 Most Eligible Bachelors
Over the weekend, Warren Buffett issued his annual letter to Berkshire Hathaway’s shareholders, displaying the wit and insight that has propelled him to beat bull and bear markets alike over the past 40-plus years. If you want to know more about what motivates the Oracle of Omaha, check out the FORBES ebook, ‘Warren Buffett, The $59 Billion Philanthropist’. Available on iTunes and Amazon now.
“On March 26-28, Forbes will host its first Reinventing America Summit in Chicago, Illinois (click for attendance details), a congress of more than 300 innovators, business leaders, growth-focused policy makers and academics who are helping usher in the next industrial revolution.
Leading up to the event, we’ve asked a few of our speakers to give us some quick insights into how they see economic conditions in the country–and their view on the future.
James C. Borel is executive vice president of DuPont. He’s he’d responsibilities for DuPont Pioneer, Crop Protection and Nutrition & Health businesses. Borel serves on, among others, the Board of Directors of CropLife International and the Board of Trustees of Farm Foundation” — Vanna Le. Read DuPont EVP James Borel On Why Middle Class Growth Is The Sweet Spot For Agricultural Success
Source: Forbes Business
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