September 28, 2017

Top 5 Interesting Facts About Billionaires

by Prince Chandran

What can be a billionaires monthly expenditure? How much money would they actually spend? In this post we are going to discuss the 5 interesting facts about billionaires.Here are the 5 most amazing facts.

 

5.Majority of the Billionaires are Male.

  Male Billionaires  

Sadly this not a surprise there is a reason why we say damn the man.There are some notable female billionaires like the richest female billionaire is Christy of Walmart whose net worth is about 37 billion.But almost 90% of the billionaires are male to go deeper almost 65% are white and 60 % above the age of 60.

 

4. China needs Butler’s because of Downtown Abbey.

  DownTown Abbey Butlers  

Downtown Abbey is a TV series which was a great phenomenon in the west and apparently China loves the show too,Many people are desperate to copy the wealthy lifestyle shown on the series. And China had most of the new billionaires in the year 2015  almost 600 of them.And there was high demand for fancy butlers to do the butler job. They even have two Butler training schools in China.

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3. John D Rockefeller became the worlds first billionaire a hundred years ago.

  Image of John D Rockefeller  

John D Rockefeller was the richest man in America who made a billion dollars in 1916 which is equal to 30 billion dollars today.He was the richest American Industrialist back then. He Owned almost 90% of American Oil partly through unethical business practices.

   

2.There are many self made billionaires now than ever.

  Snapchat CEO Spiegel  

Common assumption of billionaires is that they come from a long line of billionaires.Well that used to be how  it was done but today are slowly becoming more self made . It is estimated that 2/3rd of the seven figure plus club today are self made.And the age of the billionaires are also changing almost 46 billionaires below the age of 40 were added in the Forbes list.The worlds youngest billionaire is snapchat co-founder Evan Spiegel is only 25 years old.

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1.Self Made Billionaires are more likely to give money to charity.

  Bill Gates announced half of his wealth to Charity  

This makes sense to me if you came from relatively nothing you know better how money can change your life.In 2014 researchers looked at the 127 philanthropists who vowed to donate to the Given Pledge a charity which encourages to donate half of their wealth. The found that self made billionaires are more are likely to hand over large portions of their wealth to charity compared to those who inherit their fortune. More than 150 individuals have signed up the pledge including Bill & Melinda Gates ,Elon Musk and Mark Zukerberg of Facebook Fame.

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