Forbes: Crisis Hits Only Low Income Earners

[Donnachaidh]

http://www.informationclearinghouse.info/article24979.htm

March 12, 2010 "RIA Novosti" -- The current global financial and economic crisis once again confirms the fact that during economic upheavals the rich get richer and the poor become even more destitute.

On Thursday, Forbes Magazine carried an updated list of the world's wealthiest people.

As of late 2009, the number of billionaires soared from 793 to 1,011 and their total fortunes from $2.4 trillion to $3.6 trillion. The number of Russian billionaires almost doubled, from 32 to 62.

The list's authors believe that an increase in the number of wealthy people highlights the end of the recession, but it may also signal the appearance of new bubbles in the economy.

Mexican telecommunications king Carlos Slim Helu opens the list with $53.5 billion. He is followed by last year's leader, Microsoft founder Bill Gates with $53 billion and American investor, businessman, and philanthropist Warren Buffet with $47 billion.

However, this does not mean that Gates and Buffet now have less money than before. On the contrary, they have both increased their fortunes by $13 billion and $10 billion, respectively.


More at the link above --

[Mari333]

1. it truly is time for pitchforks and guillotines

[cutlassmama]

2. Well of course. They are both in the Bild group too.