Record 290 newcomers join Forbes Billionaires list, total wealth of $7trn

With the global economy stuck in recession and falling oil prices eating into growth, there has been a record 290 newcomers added to the ranks of the world’s billionaires, mostly from China. Their total wealth is an unprecedented $7 trillion.

The total wealth of the world’s billionaires grew from $6.4 trillion in 2014, to $7 trillion according to the 2015 Forbes Billionaires List published Monday.

Seventy one of the new entries in the billionaires list are from China. There are now 1,826 billionaires in the world. Of the newly listed, 46 of them are under the age of 40 .... http://rt.com/business