As of 2015, only 46 billionaires were under the age of 40, while the list of American-only billionaires, as of 2010, had an average age of 66. The 100 richest people in the world collectively own Fast Facts assets worth $4.387 billion, Forbes’ list of real-time billionaires has revealed. After a quick analysis of the list, here are some pretty interesting facts that Business Insider has gathered.
Gates earns an estimated $11 million a day, and that’s not even the peak of his earnings. Musk, who owns 20 percent of Tesla’s shares, was the 35th richest person in the world in early 2020. He launched his career as one of the co-founders of PayPal in 2000 and also owns the rocket company SpaceX, which transports astronauts to the International Space Station in a deal with NASA.
Food and Drug Administration to compliance issues with the company’s laboratory in Newark, California. Theranos was also scrutinized for his significant delays in granting full access to its medical devices to federal authorities and subjecting its devices and technologies to scientific peer review. It is well known that billionaire investor Warren Buffett, one of the five richest people in the world, proudly hails from Omaha. The holding company, Berkshire Hathaway, is also located here. While Buffett could live anywhere in the world, thankfully for us, Buffett chooses to keep his roots firmly in the Midwest, meaning he’s acquired some favorite Omaha spots over the years.
This situation looks even better when you understand that overdue debts are often purchased for only 1% of face value. This would bring the total cost of eliminating all overdue medical debt to about $810 million. In 2020, the 400 richest Americans collected this amount about every 29 hours. Americans have about $81 billion in medical debt that is too late enough to appear on their credit report. These are usually small debts, with an average value of $207 dollars dollars per person. Based on the cost of vaccines and the cost of delivery, it would cost about $200 billion to vaccinate every person on Earth, which is about 6% of the wealth currently controlled by 400 Americans.
That’s slightly more than the 19.3% rate paid by someone earning an average of $75,000. And 1 in 5 millionaires pay a lower rate than someone who earns between $50,000 and $100,000. The total wealth of the ten richest billionaires in the world was estimated at about 1.2 trillion US dollars in 2021. Jeff Bezos, the richest man in the world, had a fortune of more than $189 billion that year. Second on the list was Elon Musk, founder of Tesla and SpaceX, whose net worth was $182.2 billion.
However, we noted that 40% earned a master’s degree in business administration or another field of study. GCU offers master’s degrees in everything from computer science to psychology for those who want to join these people. As major U.S. industries change, we may also see generational waves of wealth change. Of the wealthiest Americans, the vast majority of billionaires are from the quiet and baby boom generations. For every generation, there are barriers and opportunities for wealth. But for now, the explosion of “big tech” and “big data” may be key for millennials or Generation Z to achieve financial freedom.
For example, James Dyson invented a better vacuum cleaner and Gianfranco Zaccai invented a better mop, the Swiffer. Judging by the media coverage of entrepreneurs, it’s easy to think that the #1 key to success is to jump into the biggest trends. Forbes has stated that jay-Z, after building an empire based on music, property, fashion and investment, is the first billionaire in hip-hop history. According to estimates, the rapper’s current net worth is “conservatively” worth $1 billion. Among the top 20 billionaires, the vast majority are men in the tech and retail industries. Some other notable names at the top of the list include Bill Gates, Elon Musk and Alice Walton.