business

The World’s 500 Richest People Increased Their Wealth by $1.2 Trillion in 2019

Jeff Bezos is still the richest person on the planet. Photo: Mark Wilson/Getty Images

The world’s richest people had a good year in 2019, increasing their wealth by a staggering 25 percent. A new analysis of the Bloomberg Billionaires Index found that the 500 richest people on the planet increased their vast wealth by $1.2 trillion in the past year, bringing their total wealth to $5.9 trillion.

Amazon’s Jeff Bezos remains the richest person in the world, even in a year that saw him lose around $8 billion due to his divorce from ex-wife McKenzie. She is now 25th on the Bloomberg index, with $37.5 billion.

Among the top gainers of the year were Mark Zuckerberg, whose wealth jumped by $27.3 billion, and Bill Gates, who is $22.7 billion 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 $36.5 billion in 2019.

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 $53.4 billion, which would rank him 19th on the list. But Bloomberg News does not cover Bloomberg LP, so the boss is not on the list.

Incidentally, Elizabeth Warren, one of the leading proponents of soaking the rich in the Democratic race for the presidency, released a new explainer of her wealth tax this week. What timing.

World’s 500 Richest Upped Wealth by $1.2 Trillion in 2019