Also in this playlist...
This transcript is automatically generated
Now a special guest his name is Steve fold Steve welcome back going to be with you again all right rob from the -- go here who's the richest man in the world once again Carlos Slim Mexico suddenly three billion dollars.
That excuse me 73.
Billion dollars a giver or taker that -- couldn't -- soft goods noise.
Yeah who who is fault and who is down on the latest -- list.
Well you have a lot of ups we have 200 additions this year.
Primarily because equity markets around the world even -- economies haven't done well the US stock market's done well global stock markets have done well.
Should had a wealth increased from -- have over to about 200 new.
Additional billionaires on the list this year that's incredible look what when the left gets hold of -- Steve Benjamin jumble of Wednesday see those billion as the doing just only.
First to 200 -- billionaires mean 200 people doing things that -- people want out of the world and the biggest gainers are not hard assets.
But people in the consumer business Tory Burch Bruce Nordstrom.
And others fellow named Woodman who made a camera he -- sports doing crazy sports we wanted to take -- is obviously in coming up with a camera called go prop open.
That is very very hardy very very tough it could take these wonderful pictures -- be doing nutty thanks.
And so -- -- his passion and through his passion he became a billionaire that kind of entrepreneurship PC all around the world yeah.
Who's out who's come down in the world.
While -- Batiste and Brazil down.
Others handful of others are down but the amazing thing is is the numbers that are going up.
You take -- for example Bill Gates -- we think of Bill Gates as Microsoft.
You realize he has a company called cascade where he puts his personal investments.
Now worth 56.
Billion dollars this Microsoft Microsoft stocks about eleven billion.
So this guy's diversified which oral told we're supposed to do a way to -- you're talking to a god who bought a lot of Microsoft stock -- still I would Saddam sitting off the stuff you you're talking Douglas indication -- -- that really cuts and invested via a -- SA get two and a half percent Odyssey can thank you very much.
56 billion dollars.
That's gates is money that he is your money 56 billion he's what he's pick some good investments over the years having only way we always focus on Warren Buffett but he strongest they they they come out with number on this thing.
And all Figo is I don't just learned that factoid -- about it that's all Microsoft how about some Warren Buffett himself as a doing.
Now Warren Buffett is now.
Get your hanky ready and he's gone from third place to -- -- who took his position at number three.
Man named Ortega from Spain.
He's got fashion stores all around the world selling cheap fashions.
His stock is on fire last year is worth 38 billion this year is 57.
He's moved ahead a buffet now how long battle last I don't know.
But added it's an amazing story that he really is because Spain and consumers and unemployment right -- and -- dial recession but what you have but -- ripped Jeb or entrepreneurs who are doing things that can defy national economies they got a thing.
Fellow does diesel from and rams are Ross so.
-- on the billionaire's list.
So people do things -- -- -- -- -- or others that people want beating the needs -- -- some of the people in essence of free markets by golly you can still make it in this crazy world did you break it down as to how many Americans how many Europeans have yes you from child's interest the the the United States still has most billionaires in the world that got.
Yeah so we we we haven't quite lost out when you have to 442.
Up slightly from from the year before.
-- other regions of the world specially the Asia Pacific region and the amazing thing is you get says several more billionaires in Europe.
Even is that a continent could implode we still have people can do things and defied the downward pull of gravity from the crazy governments all right 442.
Billion has in the united says tonight for a 42 American billion especially gonna Jessica now.
-- is America still the meritocracy.
That I think if it's -- you know there was a place like you make the money as opposed to inheriting the moment.
Yes and you can you can see it by as some of these new names like a -- per action network and others.
Who -- doing it on the wrong.
And look at the people are near the top of the list like Bill Gates.
And Warren Buffett Bill Gates started -- in the 1970s a terrible decade in this country will we nearly tanked the economy.
We came out of it in the 1980s the look was incubating back then FedEx.
Bill Gates and Microsoft apple Oracle and -- Southwest Airlines all these new things came along so we still have that meritocracy and -- despite the CDC in Washington today.
Which wants to turn us into this mythical.
What's European paradise of stagnation and high unemployment.
That spirit is still alive in this country and if we just make a few changes in a few years you'll see it really blossom again.
-- the folks thank you very much sort thank you.
Filter by section