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Why Are There So Many Billionaires?
Forbes has been producing its annual list of the world’s billionaires since 1987. Despite landing at the height of 1980’s excess, that original list seems dowdy by today’s standards. In 1987, there were 140 billionaires on the planet. The world’s wealthiest person was the Japanese real estate tycoon, Yoshiaki Tsutsumi, who was worth $20 billion. Tsutsumi would only rank #33 on this year’s list, even after adjusting for inflation.
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Why Are There So Many Billionaires?
Forbes has been producing its annual list of the world’s billionaires since 1987. Despite landing at the height of 1980’s excess, that original list seems dowdy by today’s standards. In 1987, there were 140 billionaires on the planet. The world’s wealthiest person was the Japanese real estate tycoon, Yoshiaki Tsutsumi, who was worth $20 billion. Tsutsumi would only rank #33 on this year’s list, even after adjusting for inflation.
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