The Middle East experienced a 7.9% fall in
billionaire numbers, which translated to a 6.5% drop in its collective wealth, marginally better than the global average.
The UAE was the 10th-biggest market for
billionaires worldwide, dropping one place from last year, and sharing the 10th position with France as both countries host the same number of
billionaires.
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Rich List compiler Robert Watts said: "Sir Philip Green may have clung on to his knighthood but we can no longer justify his
billionaire status." The fall is due to a PS565million pension black hole in his Arcadia firm, including Topshop, Burton and Dorothy Perkins.
This year, Forbes'
billionaires list comprises of five expats - of Indian origin.
The UAE and Lebanon had the highest number of
billionaires, with 7 entries each, followed by Egypt with 6
billionaires.
Jenner made the 2019 Forbes list for the first time and is the youngest self-made
billionaire. She owns 100 percent of Kylie Cosmetics, the three-year-old beauty business that did an estimated $360 million in sales last year.
The Forbes list of world's top 10
billionaires is out.
Forbes' 33rd annual ranking of the world's
billionaires counted 2,153
billionaires globally this year, down from 2,208 in 2018.
Forbes said she was both the world's youngest
billionaire and also the youngest self-made
billionaire ever.
Forbes said she was both the world's youngest
billionaire and also the youngest self-made
billionaire ever.On their
billionaires list, Forbes distinguishes between those who inherited much of their wealth and those who made their fortunes on their own.
Datuk Zaid Ibrahim clarified today that he was referring to Tun Daim Zainuddin and the latter's friends when he claimed the government was being run by
billionaires.