Billionaire Is The New Millionaire

BILLIONAIRE MILLIONAIRE Not too long ago, earning the title millionaire was an incredible feat, but today there are an estimated 8.4 million Americans alone who have investable assets worth at least $1 million. But achieving billionaire status is seldom accomplished today - IS THE NEW only 413 Americans can currently claim the title. Of course, inflation is certainly a culprit in the rise of the number of millionaires and billionaires alike; but the facts are plain - billionaire is the new millionaire. Not surprisingly, the U.S. holds first place with 413 billionaires. But China has recently risen through the ranks to earn the number two spot in 2011 with 115. Where Are the World's Billionaires? Countries with the most billionaires ... United States 413 115 China Russia 101 India 55 52 Germany Number of Billionaires in the World Tiilli 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 The First and the Greatest 1st BILL GATES followed by Bill Gates $56 billion JOAN D ROCKEPELLER CARLOS SLIM The first person to ever be considered a true billionaire (in U.S. dollar terms) was John D. Rockefeller. He made Today, the richest man in the world is Mexico's Carlos Slim of Telmex and América Móvil group. his fortune in oil and was estimated to He has a fortune valued at be worth $1.4 billion when he died in 1937 ($21.5 billion in 2011 dollars). $74 billion Warren Buffett $50 billion Number of Millionaires Increasing Steadily in U.S. 10 million 2006: 9 2007: 9.2 2005: 8.3 2009: 7.8 8 million 1999: 7.1 1998: 6.7 2003: 6.2 2001: 6 2004: 7.5 2010: 8.4 6 million 1997: 5.3 2008: 6.7 2000: 6.3 2002: 6.2 4 million 2 million 1932: 5,000 1902: 4,500 MILLIONS 1800: 12 1966: 100,000 1785: 1 1860: 300 1929: 30,000 How Long Would It Take You To Become a Billionaire? an annual contribution of With an initial investment of It would take $1 $3,000 to earn 226 YEARS $10,000 billion an annual return of 5% compounded monthly credit sesame SOURGES. BLS.GOV | FORBES.COM | FINDARTICLES.cOM| SPECTREM COM |DAVERAMSEY.COM www.creditsesame.com 423 230 298 587 691 793 946 1125 937 1210