For many of us mere mortals living down here on earth, the richest 1% of the world’s population, who together hold $9.1 trillion combined, or 50.1% of the total wealth in the world as we know it, truly live on another planet.
According to the list of 2018 billionaires, Amazon founder and Washington Post owner Jeff Bezos is the world’s richest man, topping the list of 2,208 billionaires with a cool $112 billion in total assets.
That not only makes him astronomically wealthy; pharaohs, emperors and kings must step aside, as it also makes him the richest man in the history of the world – ever.
Keep that in mind the next time you order something off of Amazon, it puts things in the strangest of perspectives…
Entrepreneurs like Microsoft’s Bill gates ($90 billion) and Facebook’s Mark Zuckerberg ($71 billion), investors like Berkshire Hathaway’s Warren Buffet ($84 billion) sit in the pantheon of the world’s most magnificently wealthy together with telecoms giants the likes of Mexico’s Carlos Slim Helu ($67.1 billion), media moguls like Michael Bloomberg ($50 billion), captains of industry like the Koch brothers (who’s combined wealth is $120 billion), Google founders Larry Page ($48.8 billion) and Sergey Brin ($47.5 billion), retail giants the likes of Jim Walton of Walmart fame (($46.4 billion), and old family money cosmetics magnets like Francoise Bettencourt Meyers of L’Oréal ($42.2 billion) dominate the top of the list with double-digit billions.
As markets continue to expand, if the growth of their wealth keeps pace with recent trends, experts forecast we will see the world’s first trillionaire in the next 20-25 years.
That means one person will hold more wealth than the annual GDP of 187 different countries.
When it comes to taking your wealth into the stratosphere off wagering on wagering, you’ll have to scroll down to number 21 on the Forbes list to find the first casino industry billionaire, Sheldon Adelson, CEO and chairman of the Las Vegas Sands, with a sweet $39.9 billion in his pocket.
In this article we’ll take a closer look at all the casino industry billionaires who made the Forbes billionaires list in 2018 and delve into how they got so filthy rich.
Forbes billionaire rank: After having grown up in a Boston tenement in the 1930s, with a mother who ran a knitting shop and a father who was a taxi driver, Sheldon Adelson would launch his business career at the tender age of 12 after borrowing money to buy a newspaper vendor’s license.
By the age of 16, he had moved into the vending machine business before being trained as a court reporter and joining the army.
He would go on to launch over 50 of his own businesses in his lifetime, purchasing the Las Vegas Sands Hotel and Casino in 1988, the notorious Rat Pack hangout for the likes of Sammy Davis Jr, Dean Martin and Frank Sinatra.