Monday, May 23, 2022

Billionaires

Here is the list of the ten biggest billionaires in the world by the people at Forbes, who keep track of these things. This animated chart shows the top ten by year, 2001 til 2022.

Big names make up some of the list of billionaires in the world. But many are not big names. Many are Americans, but many are not. 

The Albrecht brothers (Germany) made their fortune in selling cheaper groceries (Aldi and Trader Joe). Jeff Bezos made the top ten list in 2018, 24 years after founding Amazon. The name Walton is the family who founded another retailer with a reputation for cheaper goods, Walmart. Elon Musk made the top ten list just last year, and now leads it.

How did Aldi and Walmart make their founders rich by selling cheaper goods? Millions of people in the world took that offer of cheaper goods (and became their customers) because it helped them get more of the food and products they wanted for a lower price, to improve their lives.


from "World's Top Ten Billionaires" (where there's a better looking chart)

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