People's Daily Online 2 weeks ago

Billionaires' net worth equals small countries' GDP

French Castles, Caribbean islands and private jets are not enough to show the super-riches' worth. According to Forbes October, some Forbes 400 fortunes are bigger than entire countries economies. Full Article at People's Daily Online

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  1. Eddy Elfenbein, writing on Crossing Wall Street, gives Forbes magazine his economic illiteracy prize for comparing the net worth of the richest individuals to the gross domestic product of countries. Full Article at Talking Biz News

  2. Bill Gates, America's richest man with a net worth of $50 billion, has a personal balance sheet larger than the gross domestic product (GDP) of 140 countries, including Costa Rica, El Salvador, Bolivia and Uruguay. Full Article at Channel News Asia

  3. Castles in France. Islands in the Caribbean. Private jets. With a collective $1.27 trillion at their disposal, the members of The Forbes 400 could buy almost anything. How about a country? Full Article at Canoe

  4. New York, Oct. 1: The economic crisis may have wiped off $300 billion from the wealth of America’s richie-rich club, but the net worth of many members, such as Mr Bill Gates and Mr Warren Buffett, is still sufficient to buy "almost anything" that... Full Article at Asian Age

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