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The wealth of the world’s 300 richest people was increased in 2013

The financial news agency Bloomberg, shows that the 300 wealthiest people in the world got richer by 524 billion dollars in 2013. The total net value of the assets of the top 300 billionaires reached 3.7 trillions at the close of business on December 31. The largest gains were recorded in the technology industry, which surged by 28%. Of the 300 wealthy included in the final classification of the index in 2013, only 70 recorded a net loss for the year.

Wealth increase

Wealth increase

The rich will continue to get richer in 2014. Interest rates will remain low, equity markets will continue to be magnified and the economy will grow by at least 2%, as was said in a phone interview from the offices of New York, John Catsimatides, the billionaire founder of the group of energy companies and real estate Red Apple. Bill Gates, founder and president of Microsoft, was the winner in the battle of wealth. The property tycoon 58 years was increased by 15.8 billion dollars to 78.5 billion dollars, according to the index, as shares of Microsoft rose 40%. Gates recaptured on May 16, the title of world’s richest man by Mexican investor Carlos Slim.

Bill Gates

Bill Gates

The property of Gates also was favored by the rally of shares, including the Canadian railroads and the company management and hygiene applications Ecolab, which increased by 34% and 45%, respectively. Share prices globally recorded in 2013 the biggest gains since 2009, with the MSCI World Index increased by 24% during the year and stood at 1,661.07 points on December 31. The index Standard & Poor’s 500 rose 30%, posting the biggest gains since 1997. The pan European Stoxx 600 index recorded a profit of 17%. The companies in the index S & P 500 are worth 3.7 trillions more than 12 months ago.

By Nicole P.

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