The combined wealth of the world’s billionaires increased by 12 percent to $7.3 trillion, higher than the combined market capitalization of all the companies that make up the Dow Jones Industrial Average
“The fastest growing segment of the billionaire population, in terms of wealth source, are those who inherited only part of their fortunes and became billionaires through their own entrepreneurial endeavors.”
A new survey shows that 155 new billionaires were minted this year, pushing the total population to a record 2,325 – a 7 percent increase from 2013.
Credit goes to the United States – home to the most billionaires globally – where 57 new billionaires were recorded this year, according to the Wealth-X and UBS Billionaire Census 2014 released on Wednesday.
Asia and Latin America and the Caribbean were also large contributors, with 52 and 42 new entrants, respectively.
“The fastest growing segment of the billionaire population, in terms of wealth source, are those who inherited only part of their fortunes and became billionaires through their own entrepreneurial endeavors,” the report said, noting that 63 percent of all billionaires’ primary companies are privately held. Read the rest of this entry »
An 8-year-old Yemeni girl has become the latest victim of the Religion of Pieces. Harwan, the little girl, lived in the tribal area of Hardh in northwestern Yemen, near the Saudi border. Her family married Harwan to a bridegroom approximately five times as old as she was. He insisted on his marital rights on their wedding night. These marital rights included tearing Harwan’s genitals so that she bled to death.
The toxic combination of tribal culture and Islam means that child brides are common in Yemen. According to a 2010 Yemeni government report, more than 25% of Yemeni brides are 15 and under. Read the rest of this entry »