In 2017 the Oxfam report concluded that the top eight wealthiest people on the planet have as much combined capital as the poorest half of the world's population. Great wealth has come to these men--for there are no women on the list this year--through advances in technology, retailing, internet sales, and a diverse portfolio of investments. The most recent Forbes listing of the world's wealthiest people included 2,208 billionaires, a record, with the total wealth estimated at $9.1 trillion.
Michael Rubens Bloomberg is a businessman and politician who has amassed a fortune of $50 billion as founder and CEO of Bloomberg L.P., a global financial services, mass media, and software company that offers the Bloomberg Terminal, a software package that provides financial data and is widely used in the financial industry. The 76-year-old Bloomberg served three terms as the mayor of New York City starting in 2001.
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