Formula 1 is an expensive business but the sport sometimes forgets that there is a staggering amount of money in the world. Forbes magazine does its best to keep up with it all, and for the last 28 years has been producing a list of the world’s richest people, based on what they can discover in published sources. It is by no means an exhaustive list. Many rich people hide their money very successfully. However it is a good indication of the trends. It is worth noting this year that Forbes reckons that there are now 1,645 billionaires. The real number is probably double that. Scarily, you now need $17.3 billion to get into the 50 on the Forbes list.
As usual the United States dominates the list with 492 billionaires, while Europe as a whole boasts 468. There are 444 in the Asia Pacific region. When it comes to individual countries China is now the second ranked country with 152 billionaires, followed by Russia with 111.
The Forbes list is headed this year by Bill Gates of Microsoft, who is reckoned to be worth $76 billion, four more than Mexico’s Slim Family. It is sobering to note that Red Bull magnate Dietrich Mateschitz is only 136th on the list, despite a fortune of $9.2 billion, while Bernie Ecclestone is 354th with a fortune estimated at $4.2 billion.
One of the reasons that rich people are so rich is that they do not give away their money, but the list is a good starting point for those trying to raise cash for the sport…