The Billionaire Boys and Girls Club
The number and power of billionaires became an issue in the 2020 campaign, because both Senators Warren and Sanders have proposed a wealth tax aimed at billionaires to pay for their expansive social programs.
Bloomberg News updates the figures that feed its list after the close of every trading day at the New York Stock Exchange.
This is a list of the 500 richest people in the world. The list does not include Michael Bloomberg because the website he owns does not report on his wealth or political activities. If he were included he would be about #19 in the world with a net worth in excess of $50 billion.
Jeff Bezos was #1 until he divorced his wife and gave her $35 billion. Now he is #2 ($111 billion), almost tied with Bill Gates, who is #1 ($112 billion). The two are so close, they may change places on any given day.
Billionaires with less than $4 billion are not listed among the top 500 in the world. The list was copied on December 19, so the rankings may have changed slightly since then.
The three members of the Walton family–Jim, Alice, and Rob–are collectively worth more than $150 billion. They CONTINUE READING: The Billionaire Boys and Girls Club | Diane Ravitch's blog
