The 500 Richest People In The World Gained $1 Trillion This Year

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According to the Bloomberg Billionaires Index in its latest listing based on business data up till 26 December of this year, 500 of the the world's wealthiest individuals added US$1 trillion to their collective wealth in 2017.

Meanwhile, Bill Gates has a personal fortune amounting to $91.6 billion, with only 10% of that being added in the last one year.

Mukesh Ambani, India's richest man with a net worth of almost $40.3 billion, gained the most during the year.

George Soros also gave away a substantial part of his fortune, revealing in October that his family office had given $18 billion to his Open Society Foundations over the past several years, dropping the billionaire investor to 195th on the Bloomberg ranking, with a net worth of $8 billion. At one point in November, he was worth more than $100 billion.

The Bloomberg Index also discovered 67 hidden billionaires in 2017, with two billionaires in Russian Federation, one in Brazil, who is reportedly Latin America's biggest wind developer. The key trigger was his telecom arm Reliance Jio Infocomm.

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The 500 Richest People In The World Gained $1 Trillion This Year

Azim Premji, 56 per cent owner of software services provider Wipro, completes the top five gainers.

According to Bloomberg, the country that gained the most personal wealth was China, with 38 billionaires on the list adding a collective $177 billion to their personal coffers, an enormous 12-month gain of 65 percent.

In 2017, there was a 23 percent increase on the Bloomberg Billionaires Index, which ranks the world's top 500 moneybags on a daily basis, the agency said. They're followed by Indian billionaires, who became 43 percent richer.

Russia's 27 richest persons added $29 billion to grow to a total of $275 billion, despite worldwide sanctions imposed after President Vladimir Putin annexed Crimea in 2014, according to The Washington Post. Facebook co-founder, Mark Zuckerberg, was fifth placed on the list, and had the fourth-largest United States dollar increase, increasing his wealth by 45 percent, or $22.6 billion.

Generally, it has been a bountiful year for tech moguls, with Fortune magazine reporting that 57 technology billionaires on the index adding US$262 billion, a 35% increase that was the most of any sector on the ranking. One of the losers was Saudi Arabia's richest man, Prince Alwaleed Bin Talal, who now has $17.8 billion after an arrest as part of Crown Prince Mohammed bin Salman's anti-corruption crackdown cost him $1.9 billion.

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