The Ultra Rich Got (a Lot) Richer Last Year
The 100 richest billionaires on the planet
got even richer in 2012, adding $241 billion to their collective net worth,
according to the Bloomberg Billionaires Index.
This sum is equivalent to 80% of the US
$300 billion external debt held by the 47 countries on the African continent.
Home to 1 billion people, Africa spends about 16% of the continent’s export
earnings on servicing the external debt.
The aggregate net worth of this group of
ultra-rich individuals stood at $1.9 trillion at the market close on Dec. 31,
reports Bloomberg. Together these one hundred persons would be able to pay off
all African debt six times, after which they would still have a collective
wealth of one hundred billion dollars.
http://www.nepad.org/economicandcorporategovernance/knowledge/doc/1727/external-debt-africa
http://topics.bloomberg.com/bloomberg-billionaires-index/
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