Billionaire's Club Welcomes New Members

The Forbes rich list is bigger—and even wealthier—than ever

By Sarah Seltzer, Newser User

Posted Mar 9, 2007 10:27 AM CST

(Newser) – The rich are getting richer, younger, and more geographically diverse, Forbes reports, with the number of billionaires up a whopping 19 percent, and their total worth up 35 percent to $3.5 trillion. Not only have billionaires been galloping away from the pack, they've been... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Miami Face-Eater Identified

'Serpent Pastor' Dies of Snake Bite

Forbes (Source Grid »)

Google • Microsoft • Bill Gates • Larry Page • Sergey Brin • Starbucks • wealth • Forbes 400 • list • money • billionaire

More Newser Stories

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

(NEWSER) - The mortgage meltdown has certainly hit middle-class Americans hard but hasn't spared the uber-wealthy, Bloomberg reports. Las Vegas Sands CEO Sheldon Adelson’s net worth shed $4 billion between Aug. 29 and Oct. 1, for instance, while Warren Buffett overtook Bill Gates, whose net worth declined $1.5 billion, as the richest American. Other losers and their losses: More»

Buffet Unseats Gates as Richest Man on Earth

He's worth $62B; Gates is now third with $58B.

(NEWSER) - Bill Gates has passed the gilded torch: Warren Buffett and Mexican telecom mogul Carlos Slim have ended the Microsoft founder's 13-year reign as richest man on earth, Forbes reports. Buffett's fortune grew $10 billion this year to $62 billion, while Slim weighs in with an estimated $60 billion. Gates trails with a piddling $58 billion. More»

Even Google Not Immune in Downturn

Its shares off 40% since November, 'the shine is off' search behemoth

(NEWSER) - After a hitting record high in November, Google shares have fallen 40%, reports the Los Angeles Times. Investors are concerned that a downturn in consumer spending could slow Google's growth—previously thought to be recession-proof. "Now the shine is off Google, whether deservedly or not," one media analyst said of the pioneering search giant. More»

Gates Plans to Log Off as Scheduled

Despite most volatile market ever, Microsoft chairman will bow out

(NEWSER) - Bill Gates says that, despite a surge in competition from all sides of the market, his phased exit from Microsoft has been bug-free so far. His two-year transition period halfway done, the chairman and former CEO says that his handpicked successors have been successfully picking up the slack. But doubters say Gates can't fully disengage at such a critical time. More»

Google Splits Stock as Profits Soar

Move keeps co-founders in control

(NEWSER) - Google has unveiled a stock split that will double the number of shares while keeping co-founders Larry Page and Sergey Brin firmly in control. The company is creating a new class of nonvoting shares that will be distributed to existing shareholders in a 2 for 1 split. The move will allow the company to make long-term investments using its shares without the co-founders' power being diluted, Bloomberg notes. The split also allows Google to hang on to its $49 billion cash pile instead of paying a dividend to shareholders. More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

Billionaire's Club Welcomes New Members

The Forbes rich list is bigger—and even wealthier—than ever

Google • Microsoft • Bill Gates • Larry Page • Sergey Brin • Starbucks • wealth • Forbes 400 • list • money • billionaire

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Market Meltdown Reshapes Forbes Rich List

Buffett bumps Gates in redrawn rankings of world's wealthiest

Buffet Unseats Gates as Richest Man on Earth

He's worth $62B; Gates is now third with $58B.

Even Google Not Immune in Downturn

Its shares off 40% since November, 'the shine is off' search behemoth

Gates Plans to Log Off as Scheduled

Despite most volatile market ever, Microsoft chairman will bow out

Google Splits Stock as Profits Soar

Move keeps co-founders in control

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?