World's richest gain $1.2trn in 2019

Pedro Gonçalves
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World's richest gain $1.2trn in 2019

The world's 500 wealthiest people just got richer in 2019, adding $1.2trn to their overall net worth, boosting it by 25% to $5.9trn, according to Bloomberg.

The founder, CEO, and president of Amazon.com, Jeff Bezos, topped the list despite losing $8bn after divorcing MacKenzie Bezos. She is now ranking 25 in Bloomberg's list for the 500 richest people in the world in 2019.

Among the top gainers of the year were Mark Zuckerberg, whose wealth jumped by $27.3bn, and Bill Gates, who is $22.7bn richer than he was at the start of the year. French magnate Bernard Arnault, the third richest person in the world, saw his wealth increase by $36.5bn in 2019.

 

According to the Bloomberg Billionaires Index, eight of the 10 richest people in the world are from the US.

Kylie Jenner became the youngest self-made billionaire this year after her company, Kylie Cosmetics, signed an exclusive partnership with Ulta Beauty Inc. She then sold a 51% stake for $600m.

Willis Johnson, the Oklahoma native who founded Copart Inc., has amassed a $1.9bn fortune by building a network of junkyards to sell damaged autos.

One billionaire not on the list is Michael Bloomberg, who owns the website that published it. According to Forbes, Bloomberg's net worth is around $53.4bn, which would rank him 19th on the list. But Bloomberg News does not cover Bloomberg LP, so he is not on the list.

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