Bill Gates, World's Richest Business Tycoon
If we check the records of last year data from US Magazine Forbes, it showed that Bill Gates was at number 3 whereas Warren Buffet standing at number one position followed by Mexican Carlos Slim Helu. There is no doubt that all of them have lost huge lump sum of money, but Bill Gates was quite lucky to leave his rivals behind and take the number one position.
The legendary investor in one of his interview commented that,"this market structure is unpredictable, today Bill is at number one, maybe tomorrow I will again regain his position." Hats off to his confidence in this economic turmoil. Owner of US $40, Bill Gates, has got no hard feelings against his best friend Warren Buffet, and why would he have. In 2009 there are around 790 billionaires which was 1120 in the year 2008, that is, almost a downfall of 30%. All the billionaires had a total amount of US $ 4.4 trillion in their pockets, which is now fallen to US $ 2.4 trillion.
Warren Buffet, No Longer World's Richest Business Tycoon
It is for the first time in 8 years that the list of billionaires in the world has gone down. The total amount lost by the top 3 billionaires in this economic wasteland was US $ 64 billion.
My Concern, What I feel
In this frozen economy where it is difficult to find good jobs, it is hard to predict future but if these billionaires are losing such a huge amount of money which means they will invest less in business and that will result in lesser jobs in the market. Bottom line is that due to this turmoil they all would like to regain their position back in the market, which is only possible if they start looking for some good and new ventures.
If they will start looking for new ventures, definitely they would require good people to work with them which indeed will increase the employment opportunities once again.
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