The top 1 per cent of the wealthiest people in the world is worth US$42 trillion or twice as much as the bottom 99 per cent of the world.

We take a look at some updates to the list of the world’s top 10 billionaires for 2016.

Asia has more billionaires than any other continent, a survey by China-based Hurun Report showed on Thursday, overtaking North America for the first time.

Carlos Slim Helu remained the world’s richest person, but Asia is where today’s big money is flowing, Forbes magazine said in its 2011 list of the world’s billionaires. Slim, who is almost unknown to the general public outside Mexico, weighed in at a staggering $74 billion of net wealth thanks to his telecoms empire. Already […]

The New York Post picks up a Guardian report that embattled Egyptian President Hosni Mubarak could be the richest man in the world. Worth about $70 billion, the Post says most of his money is stashed in foreign bank accounts and “shadowy real-estate holdings.” That sum makes Mubarak more wealthy than Mexico’s Carlos Slim and […]

Mexican tycoon Carlos Slim may be the world’s richest man but he limits his monthly salary to $24,000 and travels in a Suburban, according to his biography. Mr Slim, 70, knocked Bill Gates form the top of the Forbes list of the world’s billionaires this year with an estimated fortune of US$53.5 billion. He began […]