7 Short Facts About Billionaires

Short Facts About Billionaires
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Fact 1) How much do billionaires spend a year?
The typical billionaire could easily afford to spend $80 million each year, while most Americans earn less than $60,000. We crunched the numbers and found the value of $1 for the average American equates to $1,355 for the typical billionaire.

Fact 2) How long did it take Bill Gates to become a billionaire?
Microsoft’s cofounder became a self-made millionaire in 1981 at age 26, thanks to Microsoft’s IPO. The value in his shares surpassed $1 billion by the time he was 31, making him the youngest billionaire ever at the time.

Fact 3) Who is the youngest self-made billionaire?
Kylie Jenner, 20, is the youngest person on the Forbes list of America’s Richest Self-Made Women, released Wednesday, with an estimated net worth of $900 million. Over the next year, Jenner is expected to become the youngest self-made billionaire ever.

Fact 4) Who was the first black billionaire?
Johnson is the former majority owner of the Charlotte Bobcats. He became the first black American billionaire.

Fact 5) Do billionaires have cash?
According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. Indeed, billionaires’ cash holdings far exceed their investments in real estate.

Fact 6) Who is the youngest female billionaire?
Jenner, who graces the cover of Forbes for its annual list of richest self-made women, is on track to soon be the youngest self-made billionaire ever. Jenner, who turns 21 in August, is the youngest woman on the list, making her debut along with West.

Fact 7) Who is the oldest billionaire?
Maria Franca Fissolo, the Italian widow of the man who built the company known for Nutella, is now the world’s oldest billionaire at age 99. Billionaire philanthropist David Rockefeller was the world’s oldest billionaire before he passed away Monday morning. He was 101.