Business


World’s richest add $15b to their wealth



NEW YORK: The 100 richest people on the planet limited their gains to $15.1 billion this week, according to the Bloomberg Billionaires Index, after a decline in global markets on Friday erased wealth created on better-than-forecast income and consumer spending data in the US.

The week's biggest gainer was Oracle founder Larry Ellison, according to the Bloomberg ranking. The Redwood City, California-based company reported on Wednesday fiscal second-quarter sales and profit that topped analysts' estimates on growing demand for Internet-based software, which is now on track to bring in more than $1 billion in revenue this year. Ellison, who added $1.9 billion to his fortune, ranks 8th on the index with a net worth of $39.6 billion.
Alisher Usmanov said he plans to boost his stake next year in VKontakte, the country's largest social network, adding to his investments in competitors to Facebook. Usmanov, who is worth $18.7 billion, controls a $1.8 billion stake in Facebook.

Facebook founder Mark Zuckerberg said that he is donating almost $500 million in shares of the world's largest social network to the Silicon Valley Community Foundation.

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