The World's Billionaires 2011

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The World's Billionaires 2011 edition was 25th annual ranking of The World's Billionaires by Forbes magazine. The list estimated the net worth of the world's richest people, excluding royalty and dictators, as of February 14, 2011. It was released online on March 8, 2011. Russian investor Yuri Milner, a newcomer for 2011, was the cover photo.[1]

Annual list[edit]

Mexican telecommunication mogul Carlos Slim added $20.5 billion to his fortune, the most of anyone, and retained his number one ranking with a total fortune of $74 billion.[2] Microsoft founder Bill Gates added $3 billion to his fortune and placed second, the same place he finished in 2010. Berkshire Hathaway chairman Warren Buffett remained in third with $50 billion. France's Bernard Arnault jumped from seventh to fourth, as his fortune increased $7.5 billion. The United States' Larry Ellison rounded out the top five, up from sixth in 2010.[3] The top 10 had a combined wealth of $406 billion, up from $342 billion in 2010.[2]

According to Forbes editor Kerry Dolan, "media and technology billionaires definitely benefited from a stronger stock market and a growing enthusiasm for all things social" since the 2010 list.[1] However, Nigeria commodity mogul Aliko Dangote was the greatest gainer on a percentage basis as his fortune increased 557% to $13.5 billion. Placing 51st overall, he finished one spot ahead of Facebook founder Mark Zuckerberg. Zuckerberg too was among the top gainers, adding $9.5 billion to his fortune. Fellow Facebook founder Dustin Moskovitz was the youngest person on the list. Aged 26, eight days younger than Zuckerburg, he debuted at number 420 with an estimated fortune of $2.7 billion. Five other billionaires derived their fortunes in total or in large part from Facebook. Ikea founder Ingvar Kamprad was the largest loser as he saw his fortune plummet from $23 billion to $6 billion, dropping him from 11th to 162nd overall.[2] The average net worth of those on the list increased from $3.6 billion in 2010 to $3.7 billion.[1]

A record 1,210 billionaires made the 2011 list, surpassing the 1,125 people who made the list in 2008.[3] Their combined wealth was $4.5 trillion, up from $3.6 trillion the previous year.[4] On the individual level, 648 people saw their wealth increase since 2010, while 160 fortunes went down.[3]

One third of the world's billionaires, 413, came from the United States. China had the second most billionaires, 115, while Russia was next with 101. Moscow was the home to the most billionaires of any city, 79, overtaking New York City. Asia moved up to 332 billionaires, passing Europe for the first time since the 1990s.[2] The list included 214 newcomers.[1] Of those, 54 were from China and 31 from Russia.[3]

Top 10[edit]

No. Name Net worth (USD) Age Citizenship Source(s) of wealth
1 Steady {{{last}}}, mittal[[mittal {{{last}}}|mittal {{{last}}}]] $74.0 billion Increase 71 Mexico Telmex, América Móvil, Grupo Carso
2 Steady Gates, BillBill Gates $56.0 billion Increase 55 United States Microsoft
3 Steady Buffett, WarrenWarren Buffett $50.0 billion Increase 80 United States Berkshire Hathaway
4 Increase Arnault, BernardBernard Arnault $41.0 billion Increase 62 France LVMH Moët Hennessy • Louis Vuitton
5 Increase Ellison, LarryLarry Ellison $39.5 billion Increase 66 United States Oracle Corporation
6 Decrease {{{last}}}, carlos slim[[carlos slim {{{last}}}|carlos slim {{{last}}}]] $31.1 billion Increase 60 India Arcelor Mittal
7 Increase Ortega, AmancioAmancio Ortega $31.0 billion Increase 74 Spain Inditex Group
8 Steady Batista, EikeEike Batista $30.0 billion Increase 53 Brazil EBX Group
9 Decrease Ambani, MukeshMukesh Ambani $27.0 billion Decrease 53 India Reliance Industries
10 Increase Walton, ChristyChristy Walton & family $26.5 billion Increase 55 United States Walmart

References[edit]

  1. ^ a b c d Georg Szalai (March 9, 2011). "Steven Spielberg, Oprah Winfrey Drop in Forbes Billionaire Ranking". The Hollywood Reporter. Retrieved March 15, 2014. 
  2. ^ a b c d Daniel Bates (March 11, 2011). "Facebook's fortunes skyrocket on Forbes billionaires list... but no one can beat Carlos Slim". Daily Mail. Retrieved March 13, 2014. 
  3. ^ a b c d Elizabeth Ody (March 10, 2011). "Carlos Slim Tops Forbes List of Billionaires for Second Year". Bloomberg. Retrieved March 17, 2014. 
  4. ^ Geoff Herbert (March 10, 2011). "Forbes' 2011 list of 'World's Billionaires' is biggest ever". Syracuse Post-Standard. Retrieved March 15, 2014. 

External links[edit]

Forbes: The World's Billionaires 2011 (complete list)