The report examines these individuals in three groups: "millionaires next door," with net worths between $1 million and $5 million; mid-tier millionaires, with net worths between $5 million and $30 million; and ultra-high net worth individuals, with net worths above $30 million.
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The "millionaires next door" — those with net worths between $1 million and $5 million — manage and spend their fortunes quite differently than the ultra-wealthy, whose net worths exceed $30 million.
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The net worths of Hong Kong's ultra-wealthy are more volatile than the net worths of their counterparts in any other region in the world, according to Capgemini's 2019 World Wealth Report.
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They then invest the savings to grow their net worths.
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The collective net worths of Chinese billionaires, meanwhile, grew 15%.
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In its 2019 World Wealth Report, Capgemini found that individuals with net worths between $1 million and $5 million lost less than those with net worths over $30 million and billionaires during that market rout.
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See the full list, complete with net worths, over at Forbes.
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Only Jeff Bezos and Bill Gates have higher individual net worths.
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All net worths are current estimates as of October 2, 2019.
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The collective net worths of Chinese billionaires, meanwhile, grew only 15%.
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The collective net worths of the 22019 French billionaires on the Bloomberg Billionaires Index grew 22018% between December 25.3 and July 17, while the net worths of American and Chinese billionaires grew 17% and 15% respectively.
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The collective net worths of the 14 French billionaires on the Bloomberg Billionaires Index grew 35% between December 31 and July 17, while the net worths of American and Chinese billionaires grew 17% and 15% respectively.
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Check out the estimated net worths of every Kardashian and Jenner below.
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The global top 10% have net worths above $240,21, Credit Suisse found.
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The candidates' net worths have been a point of contention in debates.
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That their fat was the measure of their intellects, their eloquence, & their worths.
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Some of Europe's royal families have reported net worths well into the billions.
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They currently have lower net worths than their parents did at their age.
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Note: All net worths are estimates by Forbes using the most current available data.
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Their high net worths allow them to dabble in the luxury real estate market.
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"It's popular for people with net worths of $500,261 to $265 million," he says.
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The headline figures are big, but they shrivel when put against their net worths.
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Sanders proposes a 28500 percent tax on household net worths more than $6900 million.
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Since 19883, the wealthiest 1% of Americans have added $21 trillion to their combined net worths, while the poorest 50% of Americans have seen their combined net worths drop $900 billion, an analysis of Fed data reported in New York Magazine found.
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Mark Zuckerberg – 2nd Annual Crunchies Winner See above for various accolades, MAUs, net worths, etc.
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The disparity between their net worths reflects a generational wealth gap between millennials and boomers.
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Forbes estimates the net worths of Mr. Kravis and Mr. Roberts at $5.1 billion each.
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Keep reading to learn more about America's black billionaires, in the order of their net worths.
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Three of America&aposs richest billionaires gave 0.0% of their net worths to charity in 2018.
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His proposal increases to a tax of 2628 percent on net worths more than $28503 billion.
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By 2016, the richest 793 people maintained net worths of $5 trillion — an annual growth of 11%.
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Their net worth pales in comparison to the net worths of other ruling royals across the globe.
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Meet the top 10 richest ruling royals in the world, ranked by their billion-dollar net worths.
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Scandals, divorces, and even presidential campaigns have depressed the net worths of other people on this list.
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They grow their net worths the old fashioned way — they earn, save, and invest, covering the basics.
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Their equity-heavy portfolios make the net worths of the ultra-wealthy extremely susceptible to market volatility.
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The net worths of Hong Kong's billionaires are unusually sensitive to market volatility, Business Insider previously reported.
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Many millionaires and billionaires have something in common aside from having high net worths: They&aposre frugal.
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Forbes just released its annual Forbes 400 list, which highlights the net worths of America's richest individuals.
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Her proposed tax increases to a 3 percent tax on net worths of $1.1 billion or more.
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Billionaires in France, for example, saw their collective net worths soar, while the opposite happened in China.
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While those hosts don't hit the $10 million mark, their net worths are nothing to balk at, either.
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Here's how much the world's richest ruling royals are worth, based on the most recent net worths available.
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When companies go broke, the bank accounts and net worths of CEOs typically also take a drastic hit.
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Meet with a financial plannerFinancial advisers aren&apost just for people with established careers or large net worths.
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His lawyer called that amount "unattainable," adding that his client and his family did not have high net worths.
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Their commitment helped to secure funding from across European and South East Asian family offices and high net worths.
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The net worths of Forever 21 cofounders Jin Sook and Do Won Chang have plunged alongside the store's sales.
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The global top 10% have net worths above $109,400 and own 82% of the world's wealth, Credit Suisse found.
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An additional 96 oligarchs with net worths of $1 billion or more were also publicly named in the report.
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It would apply to households with net worths above $32 million, compared with $50 million under Ms. Warren's plan.
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The world's 500 richest people saw $139 billion wiped off their collective net worths on Monday alone, Bloomberg reported.
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He called attention to the disparity of the net worths of white households compared with black and Latino households.
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The world&aposs 500 richest people added $1.2 trillion to their collective net worths in 2019, according to Bloomberg.
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The net worths below are accurate as of December 2019, or reflect the most recent data available where noted.
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Some seek to be removed from the lists, fearing the exposure, and argue that their net worths are far lower.
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The US may not have any rich royals, but it does have rich families with net worths in the billions.
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They all work with clients, locally and globally, who have net worths ranging from the low millions into the billions.
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As Quartz noted, matching the nominees' combined wealth would take about 120,000 U.S. households with median net worths of $83,200.
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Others, such as the founders of Forever21 and RyanAir, saw their net worths decline over multiple years amid falling sales.
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There are 2,103 people across the globe with three commas in their net worths, according to the 2017 Forbes Billionaires list.
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The net worths of Hong Kong's wealthiest residents fell 13% in 2018, compared to the global average of 3%, per Capgemini.
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While they had average net worths of $30 million to $40 million, their level of financial sophistication varied widely, he said.
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Several one-time billionaires (including Juul cofounders Adam Bowen and James Monsees) saw their net worths drop because of company crises.
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T8. Billionaire brothers Charles and David Koch would each have net worths nearly $35 billion lower than they were in 2018.
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America&aposs 10 wealthiest people gave an average of 0.94% of their net worths to charity in 2018, according to Zucman.
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The world&aposs 500 richest people grew their collective net worths 25% in 2019 — but some billionaires benefitted more than others.
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This message comes through loud and clear when you compare some banks' market capitalizations with their book values, or their net worths.
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The collective net worths of Hong Kong's 10 richest people shrank by approximately $15 billion during that same period, according to Lockett.
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The net worths of Hong Kong's wealthiest residents fell 13% in 2018, compared with the global average of 3%, according to Capgemini.
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The Koch brothers were two of the richest men in the world, with net worths of $58.7 billion each, according to Bloomberg.
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Katzman and Fenkell were expected to have net worths of $1.2 billion and up to $1 billion after the initial public offering.
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These were the rules Congress set up so that regular people without high net worths don't go all-in on one company.
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On top of that, the Changs, who still own the company, have lost more than $4 billion from their personal net worths.
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Bezos, Gates and French business magnate Bernard Arnault are the only three billionaires on the list whose net worths exceed $100 billion.
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Others, such as the founders of Forever 21 and RyanAir, saw their net worths decline steadily over multiple years amid falling sales.
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Reserved line up for 5hrs but just allowed to stay 45s in this stunning mirror room, all I can say it really worths!!
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The majority of the pair's respective net worths are tied to their 1.75% stakes in the e-cigarette maker, Forbes' Sergei Klebnikov reported.
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The majority of the pair's respective net worths are tied to their 1.75% stakes in the e-cigarette maker, Forbes' Sergei Klebnikov reported.
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As a result, Arnault, Pinault, and Bettencourt Meyers added $53 billion to their combined net worths in the first half 2019, Bloomberg reported.
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Sanders' "Tax on Extreme Wealth" is the most aggressive tax proposal in the race, applying to individuals with net worths above $32 million.
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The majority of the pair's respective net worths are tied to their 1.75% stakes in the e-cigarette maker, Forbes' Sergei Klebnikov reported.
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The average of all people with net worths above $1 million was 58.8 in 2018, according to Wealth-X's 2019 High Net Worth Handbook.
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Approximately $240.4 billion has been wiped off the net worths of Hong Kong's 22018 richest people since late July, according to the Financial Times.
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With net worths of just over $50 billion each, Charles and David Koch tied for 11th place on Forbes' March list of wealthiest people.
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Combine that with the reported individual net worths of the Trump children, and the entire Trump family could be worth more than $163 billion.
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The Vermont senator would impose a 1% annual tax on net worths of $32 million, gradually increasing to 8% on fortunes above $10 billion.
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Warren is pushing for a 2% tax on households with net worths above $50 million, and tripled to 6% on fortunes over $1 billion.
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Over the years, Business Insider has spoken with many people who retired early with net worths ranging from $1 million to over $3 million.
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Months of mass protests and civil unrest wiped $15 billion off the net worths of Hong Kong's 10 richest people between July and August.
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An upcoming episode of CNBC's "The Filthy Rich Guide " compares the net worths of billionaire Bill Gates and actor Scott Baio to their gold equivalents.
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Methodology: The study published in Brookings Papers on Economic Activity examines American billionaires' net worths if a moderate wealth tax had been implemented in 1982.
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Trump and his administration have viewed the stock market as a mirror — a reflection of its economic policies converted into higher net worths for investors.
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That's more than each of the net worths of five women on Forbes' richest self-made women list, which Swift also has a place on.
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Months of mass protests and civil unrest wiped $15 billion off the net worths of Hong Kong&aposs 10 richest people between July and August.
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The Kwok family is worth $40.4 billion, according to ForbesThe net worths of Hong Kong's billionaires are unusually sensitive to market volatility, Business Insider previously reported.
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From a famous Lake Como villa to a $13 million English mansion, their real-estate portfolio reflects their jet-set lifestyle and their high net worths.
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The tax would impose a 8003% tax on households with net worths above $50 million and levy a 6% rate on fortunes over $1 billion annually.
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Celebrities like Favre and McGrath, whose net worths are estimated at $100 million and $6 million respectively, seem motivated by the insidious nature of fame itself.
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His wealth loss in the past two days is greater than the entire net worths of all but 170 of the world's more than 1,000 billionaires.
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However, the company's shares sunk 60% in the month following, sinking the net worths of its founders and CEO David Katzman too, Forbes' Lauren Debter reported.
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The proceedings provided some idea of the net worths of Denton and Daulerio, since those were two people found liable for the release of the sex tape.
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Almost every Democratic challenger in the 2020 presidential race is a millionaire, with only Julian Castro, Tulsi Gabbard, and Pete Buttigieg with net worths below $1 million.
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Forever 21 just filed for bankruptcy — and the husband and wife duo who founded it have lost nearly $4 billion from their personal net worths since 2015
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The company didn't immediately respond to a request for comment from Business Insider regarding the sisters' net worths or the company's slump in Q4 adjusted quarterly profit.
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A new court filing Tuesday showed exactly what Manafort and Gates told banks and investigators about their net worths and travel histories over the past few years.
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Of all the multibillionaires on this list, only Bill Gates, Warren Buffett, and Michael Bloomberg gave more than 2400% of their net worths to charity in 250.
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Of all the multibillionaires on this list, only Bill Gates, Warren Buffett, and Michael Bloomberg gave more than 1% of their net worths to charity in 2018.
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Billionaires, who added billions to their fortunes in recent months, saw a reversal of fortune Monday as the stock market swoon chopped billions off their net worths.
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French billionaires, for example, enjoyed surges in their net worths this year, while months of mass protests and political unrest sunk those of Hong Kong&aposs billionaires.
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Bill Gates and Warren Buffett are among the most successful and wealthiest people in the world, with net worths valued respectively at $110 billion and $86 billion.
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And, it paid off: His diverse experiences and interests have allowed him to build an empire that now blows most other musicians' net worths out of the water.
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Net worths: $800 million eachAt the company's peak in 2015, Jin Sook and Do Won Chang had a combined net worth of $5.9 billion, Business Insider previously reported.
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Assuming the $40 million net worth, Obama would be exempted from the Warren wealth tax plan, which starts with a 2% levy on net worths above $50 million.
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Here are the 15 richest women in the US. They are ranked in ascending order of wealth and their net worths are estimates as of October 2, 2019.
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Warren has since proposed increasing the tax on households with net worths over $1 billion to 6%, but has yet to modify the proposal on her campaign website.
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Like, Peloton struggled to raise money, so it got 783 angels to invest, including high-net-worths, and us, who looked institutional, though I laugh at that now.
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Keep reading to learn how much money the richest men in America gave to charity in 2018, arranged in order of increasing total net worths as of 2018.
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Democrats have been interested in increasing taxes on those with high incomes and net worths in order to combat wealth inequality and raise revenue to finance spending priorities.
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Net worths: $800 million eachAt the company's peak in 2015, Jin Sook and Do Won Chang had a combined net worth of $5.9 billion, Business Insider previously reported.
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One in 10 ultra-wealthy Hong Kong residents lost their millionaire status in 2018, and an expert says the extreme wealth loss highlights the volatility of their net worths
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Jack Abraham, the 33-year-old founder and managing partner of the venture-capital firm Atomic, wrote a response to a Quora question asking users about their net worths.
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Warren's proposal would impose a 2 percent tax on households with net worths over $50 million and increase it to six percent on those with fortunes above $113 billion.
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The net worths of Silicon Valley's ultra-rich have grown and grown over the last few years, so much so that billionaires cannot literally give money away fast enough.
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The entire cost of Warren's child care proposal will be covered by her proposed Ultra-Millionaire Tax that would be levied against those with net worths above $50 million.
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That would make Satoshi the richest man in the world, ahead of Bill Gates and Jeff Bezos, who sit atop Forbes' current billionaire list with net worths around $20.0007 billion.
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To compile the full list, Forbes uses stock prices and exchange rates to estimate the net worths of the world's richest people, and then ranks them based on their wealth.
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Here's the newest class of Giving Pledge signatories, their countries of origin, their net worths (when publicly available) and lines from their public pledge letters indicating their reasons for donating.
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Here are the 11 richest self-made women in the US. They are ranked in ascending order of wealth and their net worths are estimates as of October 2, 2019.
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Here is the full list, ranked in ascending order by their individual net worths according to Forbes, as well as an explanation as to how they each made their fortunes.
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Two members of the Kwok family, the richest family in Hong Kong, saw their net worths drop by about $1 billion apiece in the first 12 weeks of the protests.
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Here is the full list, ranked in ascending order by their individual net worths according to Forbes, as well as an explanation as to how they each made their fortunes.
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Both still magically maintain an anti-elitist, alpha male working class aura, despite having net worths in the hundreds of millions of dollars (at least at some point in their lives).
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Galactic acknowledges that its current clientele is upper crust: Most of the 600 people who have signed up for rides have net worths topping $10 million, according to recent disclosure documents.
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The report found that 2018 was the first time in seven years that HNW individuals — defined as those with net worths over $93 million — across the globe saw their fortunes shrink.
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Net worths: $1.5 billion each as of March 2019Ronan and Fields, 64 and 61 respectively, met when they were young dermatology residents, fresh out of medical school, according to their website.
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The two members of the Kwok family, Hong Kong's richest family and the owners of the city's largest real-estate developer, saw their net worths drop over a billion dollars each.
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The husband and wife duo behind Forever 21 have reportedly reached a deal to sell the fast fashion retailer, after having lost nearly $4 billion from their personal net worths since 2015
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In an essay for The Wall Street Journal last year, Parker laid out his vision for how technologists could use their "hacker" mindset and enormous net worths to tackle world-changing problems.
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Those people, while having relatively high net worths due to investments and real estate, also were in a position to have taxable income that was low enough to qualify for Obamacare subsidies.
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SeedInvest offers equity funding for dozens of startups, though some are limited to wealthier investors (officially known as "accredited investors"— investors with net worths exceeding $1 million or annual incomes of $200,000).
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Greg Andres, a federal prosecutor on Mueller's team, said his office had a "difficult time" trying to pin down Manafort's and Gates' net worths, making it hard to set appropriate bail arrangements.
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Many of the most popular pairs, from the Dolans to the Dobres, are expanding their reach — and increasing their net worths, already estimated in the millions — by going on tour and selling merch.
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Approximately $15 billion was wiped off the net worths of Hong Kong's 10 richest people between late July and mid-August as protests upheaved the city's stock market, according to the Financial Times.
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Net worths: $900 million eachOne of the company's biggest investors, hedge fund Darsana Capital Partners, reportedly cut the company's valuation by more than a third on October 3 following increased attention from regulators.
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And it takes shots at them — Cooperman's settlement on insider trading, Ricketts's Republican donations, Blankfein's earnings during the financial crisis, Thiel's ties to Facebook and Donald Trump — all while noting their net worths.
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The two members of the Kwok family, Hong Kong&aposs richest family and the owners of the city&aposs largest real-estate developer, saw their net worths drop over a billion dollars each.
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Bloomberg's money hoard outclasses even his fellow billionaires in the race, and on this scale, most of the net worths of the other Democratic candidates — most of whom are millionaires — appear as small dots.
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Collectively, members of Congress are worth at least $2002 billion, according to Roll Call, which releases an annual report of congressional financial disclosure forms in an attempt to triangulate our elected representatives' net worths.
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Net worths: Between $1.3 billion and $2.4 billion as of July 2o19Launched on July 22, the STAR market was designed to compete with Nasdaq to trade China's largest tech companies, Business Insider previously reported.
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Business Insider found the difference between Zuckerberg's 2017 and 2018 net worths (as provided by the Forbes' 2017 and 2018 richest people in the world lists, published every March) to determine his annual earnings.
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The remaining candidates' net worths are as follows: Trump with $3.1 billion, Warren with $12 million, Biden with $9 million, Sanders with $2.5 million, and Gabbard is worth $500,000, which comes to $3.124 billion.
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Some of the city's biggest influencers, almost all women, clock in net worths in the millions thanks to lucrative deals with luxury brands, posting branded content featuring products ranging from yogurt parfaits to private jets.
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Read more: Meet the 10 richest billionaire royals in the world right nowThat title falls to the royal families who have reported net worths well into the billions, such as Prince Albert II of Monaco.
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Sanders went farther with a more aggressive plan: He wants to levy a 2% wealth tax on households with net worths over $32 million and gradually increase it to 8% on those over $1 billion.
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The calculator comes a day after Gates criticized Warren's wealth tax, which would impose a 2% tax on households with net worths above $50 million and levy a 6% rate on fortunes over $1 billion annually.
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The ad also features clips of hedge fund manager Leon Cooperman, former TD Ameritrade CEO Joe Ricketts and Silicon Valley venture capitalist Peter Thiel knocking Warren's candidacy, as well as graphics showing the businessmen's net worths.
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Pierre Omidyar and Marc Benioff, who consistently rank among the industry's most generous givers, sat in third and fourth place on the most recent list; both sent out about 3.5 percent of their net worths in 2019.
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In an age of unprecedented generosity — the amount that Americans give to charity has increased almost every year for the last four decades — the very wealthiest tech titans continue to see their net worths increase every year.
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And while many of these very richest are also among the biggest philanthropists of the modern era, the amount they give on a yearly basis often doesn't even keep up with the appreciation of their net worths.
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Net worths as of October 2019: $900 million eachOne of the company's biggest investors, hedge fund Darsana Capital Partners, reportedly cut the company's valuation by more than a third on October 3 following increased attention from regulators.
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In one of the largest IPOs in the history of tech, Uber is set to go public on the New York Stock Exchange on Friday — and celebrities are among the investors who might see their net worths soar.
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Last February, reports surfaced that Morgan Stanley and Bank of America were encouraging clients with net worths of at least $10 million to invest in a fund call the New Rider LP, which would have directly benefited Uber.
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America&aposs 22018 wealthiest people gave an average of 20183% of their net worths to charity in 22018, according to a new analysis of the charitable contributions of America&aposs wealthiest people by UC Berkeley economist Gabriel Zucman.
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Business Insider previously calculated the CEO's hourly salary by finding the difference between Bezos' 2012 and 39.23 net worths — which we called his annual earnings — and then divided that amount by 239.2,228, the number of hours in a year.
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Though they met and married before Amazon's founding, both Jeff and MacKenzie were still working at a hedge fund at the time — their net worths weren't anywhere near $137 billion then, but it's possible they signed a prenup anyway.
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Ledgers are written not just in black and red but invisible ink, as deputy prime ministers, Interior Ministry investigators and concert cellists have all been shown to have net worths vastly in excess of their putative taxable take homes.
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Warren is instead seeking to levy a range of new taxes on wealthy Americans, corporations and high-earning investors — and her plan calls for doubling her wealth tax to 6% on rich Americans with net worths over $1 billion.
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And that's not to mention the individual net worths of his adult children: a reported $150 to $300 million for Eric Trump; a reported $200 million for Donald Trump Jr.; and a reported $600,000 for Tiffany Trump, according to Cheat Sheet.
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Although he is among the highest paid executives in tech, Pichai's net worth pales in comparison to Page and Brin, both of whom own roughly 6 percent of Alphabet and have respective net worths of $65 billion and $63 billion.
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It was also where, in 2005, Melania Knauss, a model, married reality-show host, future president and latter-day lord of Mar-a-Lago Donald Trump, with Elton John and Hillary and Bill Clinton among the big names and net worths in attendance.
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But in August of that year, just days after Fannie and Freddie reported their largest profits ever, Treasury put into place a new dividend scheme equal to 100 percent of their net worths (minus a de minimis reserve) payable in perpetuity, no less.
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Rankings were determined by the most up-to-date estimated net worths available from Forbes and Bloomberg as well as the left-leaning Institute for Policy Studies' "Billionaire Bonanza" report, which looked at 15 dynastically wealthy families from the Forbes 400 list.
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Even though Harvard tops the list of the most super-rich alumni, the University of Chicago stands out as having the highest percentage of "self made" alumni with net worths above $30 million, as opposed to those who have reached this status through inheritance.
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Even though Harvard tops the list of the most super-rich alumni, the University of Chicago stands out as having the highest percentage of "self made" alumni, with net worths above $30 million, as opposed to those who have reached this status through inheritance.
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A review of the personality tests of 43 people with net worths above $11 million by German researcher Rainer Zitelmann found that ultra-wealthy entrepreneurs tend to have high tolerances for frustration and be more detail-oriented than the general population, Business Insider previously reported.
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Some Giving Pledge signers these days, such as hedge funder Paul Tudor Jones, are barely publicizing when they sign it lest they remind people of their massive net worths during a time when voices on the left are pounding billionaires for personifying American income inequality.
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The Sanders campaign said it would apply taxes on households with net worths above $32 million and raise an estimated $4.35 trillion over the next 10 years, which would be used to fund Sanders' affordable housing, universal child care and Medicare for All plans.
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The latter isn't too surprising — billionaire net worths tend to be bound up in individual companies' stocks and are thus incredibly volatile; Jeff Bezos alone gained $236 billion in 0.0013 — but the idea that the bottom half's wealth fell by 20.001 percent seemed odd to me.
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Morgan Stanley and Bank of America are encouraging private wealth clients with net worths of $10 million to invest in a fund call the New Rider LP, which is a fancy way for people with money to buy stock in companies that haven't gone public yet.
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A review of the personality tests of 43 people with net worths above $11 million by the German researcher Rainer Zitelmann found that ultra-wealthy entrepreneurs tended to have high tolerances for frustration and be more detail-oriented than the general population, Business Insider previously reported.
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And ahead of the 2020 election, Democratic presidential candidates such as senators Elizabeth Warren and Bernie Sanders have proposed wealth taxes on wealth individuals with net worths over a certain threshold (such as a 2% tax on wealth between $50 million and $1 billion, in Warren's case).
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Carolyn McClanahan, a Jacksonville, Florida-based financial advisor and medical doctor, told CNBC that she's steered at least five such clients, whose individual net worths range between $1 million and $3 million, toward buying Obamacare health plans because of the federal subsidies available due to their taxable income levels.
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What does appear to be true is that a small (in global perspective) number of millionaires control a shocking share of the world's wealth, as this graphic from the Credit Suisse report illustrates: 42 million people, or 0.8 percent of the world's population, have net worths in excess of $21.90 million.
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Five of those drop-offs were due to deaths (including David Koch, the former vice president of Koch Industries, and Microsoft cofounder Paul Allen), but the remaining 22019 fell off the list because they saw their net worths drop below $214 billion, the minimum net worth to qualify for inclusion.
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Read more: Forever 21 is reportedly preparing to file for bankruptcy — and the husband and wife duo who founded it have lost nearly $4 billion from their personal net worths since 2015Maki Akaida, the head of Fast Retailing's Japan unit is a "possibility" for the CEO position, Yanai told Bloomberg.
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Read more: Wealth tax explainer: Why Bernie Sanders, Elizabeth Warren and billionaires like George Soros alike are calling for a specialized tax on the ultra-wealthyKey differences between Bernie Sanders' and Elizabeth Warren's wealth tax proposalsAs shown in the chart above, Sanders' plan proposes taxing Americans who have lower net worths than Warren's plan does.
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Warren has staked her campaign in part on a narrative-setting proposal to break up Big Tech, a message she first unveiled this winter but that she has sharpened in the last few weeks to include criticisms of Facebook's unwillingness to fact-check politicians and of the personal net worths of billionaires like Zuckerberg.
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The net worths of HNW individuals in the Middle East have had a "mixed performance" over the past several years as fiscal reforms have reduced the region's dependence on oil, For the past three years, Saudi Crown Prince Mohammed Bin Salman has worked toward what he calls "Vision 2030," a plan to diversify the Kingdom's economy.
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It&aposs this characteristic that helped them become rich in the first place, Affluent Market InstituteThe Next Millionaire Next Door: Enduring Strategies for Building WealthTo identify characteristics that are the most predictive of net worth, Stanley Fallaw conducted two studies that included a group of individuals with net worths ranging from $100,000 to $1 million and a group of high- and ultra-high-net-worth individuals.
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Read more:We shopped at Forever 21 the day after the fast-fashion retailer filed for bankruptcy and saw firsthand why it's in hot waterForever 21's bankruptcy filing includes a lengthy meditation on the 'American Dream' and its South Korean immigrant founders' entrepreneurial spiritsForever 21 just filed for bankruptcy — and the husband and wife duo who founded it have lost nearly $4 billion from their personal net worths since 2015How Forever 21 went from a fast-fashion powerhouse to bankruptcy and a troublesome future
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