World’s Richest Worth $1 Trillion on Billionaires Index

Yahoo Finance – The 40 richest individuals on Earth lost a combined $6.2 billion yesterday as stocks dropped amid disappointing U.S. earnings, according to the Bloomberg Billionaires Index, a daily ranking of the wealthiest people.

Saudi Prince Alwaleed bin Talal joined the index, which doubled the number of billionaires it tracks yesterday. Alwaleed’s fortune has increased 18.2 percent, or $3.2 billion, this year, as shares of his Kingdom Holding Co., a diversified investment group that is planning to build the world’s tallest tower, rose 36 percent. The 57-year-old ranks 24th on the index with a net worth of $20.5 billion.

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