Which Is The Richest Country In South America

Which Is The Richest Country In South America – A few weeks ago, we reported how we ranked the richest man on each continent. We thought we’d take it a step further to show you the richest people in each country according to Forbes. To improve our analysis, we need each person to have a personal net worth of at least $1 billion. We have cards that have a black shadow on them to represent the country with the billionaire on our list. We’ve included a picture of each item as well as their net rating. We think the results might surprise you.

First, Bill Gates is not on our list. Why? Because Jeff Bezos is officially worth more than him. Amazon’s recent high-profile business decisions, including the acquisition of Whole Foods, have increased competition for a second headquarters location. Bezos’ wealth is specifically tied to Amazon’s share price. It used to be in first place and behind Mr. Gates, but now it remains in first place. Carlos Slim Helu ($61.9 billion) and David Thomson ($26.9 billion) power the continent, but we must also mention the richest billionaire in the Caribbean: Jackie Xu, who made his money in the clothing industry.

Which Is The Richest Country In South America

Which Is The Richest Country In South America

Turning to Europe, we find a diverse population of billionaires from a wide variety of industries. Spaniard Amancio Ortega has the largest net worth at around $75 billion, followed by Bernard Arnault with $63 billion. Both these people are among the top five richest people in the world. It should be noted that our list is missing the countries where Yugoslavia was, as well as many places in Eastern Europe. These economies still have a long way to go before they become super-wealthy billionaires.

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Locations in the Middle East and Asia reflect the industries that dominate those local economies. Alexey Mordashov, the richest Russian, made money on steel and investments, while Vladimir Kim, Kazakhstan’s richest tycoon, made money on mining. The richest billionaires in both China and Japan made their way through technology companies, and Singapore’s Philip Ng made his fortune through real estate. Interestingly, there are no billionaires on our list of Westerners from China targeting Syria.

Nearly half of the countries in South America are rich enough to produce multi-billionaires, three of whom come from the finance and banking industry. Jorge Paulo Lehman is the richest with a net worth of around $30 billion. He made money by investing in breweries, which became AmBev through a series of mergers and acquisitions.

The story is told in Africa. Only eight people make up the number of our billionaires, many of whom come from legacy industries such as construction, diamonds and food. There are only two people in the industry, lending and investing. Most importantly, look at all the countries with a lighter shade of green. Our map shows at a glance how far Africa needs to go in developing its economies.

Oceana has four people on our list, all with over $10 billion in various industries. For example, Buddy Hartono boasts a net worth of $11.5 billion and has investments in banking and tobacco, and Australia’s Gina Rinehart ($16.8 billion) has made money in mining.

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Check out our breakdown of the ten richest people in the world, regardless of where they live, as well as their net worth ($billions), how they made their money, and where they live.

See to it. If you add up the wealth of these ten people, you will have more than half a trillion dollars. That’s a lot of money, and the big lesson is that billionaires can come from a variety of industries. But then, what is lacking in the pot when it is growing the most? Africa

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Which Is The Richest Country In South America

If you want to use our visualizations in books, magazines, reports, educational materials etc. We may grant non-exclusive rights to express, store, publish and distribute the Documentation. Why has Latin America’s economic growth remained stagnant? too lazy? Economists have presented the problem with a range of analyses, but the answer is simple: low productivity. This was again due to government interference which stifled competition and innovation.

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Latin America has not been able to catch up with developed and other emerging economies due to low productivity. © GIS / Source: Love, 2019; According to IDB data

One of the most interesting aspects of the development of the coronavirus pandemic is the fundamental change made by the International Monetary Fund (IMF). The administration has abandoned its decades-old position that austerity, conservatism and structural financial reform are the best economic medicine. Indeed, the IMF began encouraging countries to increase public spending to deal with the economic burden of the disease, even if it meant that fiscal stability was at risk.

According to IMF Director Kristalina Georgieva, the main reason for the change is to avoid the “scar” that comes with the collapse and to protect the profits from it. The IMF told countries to “spend and save receipts”. Although he managed to do it “intelligently” with the plan, some joke that the instructions sound like “Jump off the roof, but count the area you fall”. This interpretation of the rings is especially true for Latin America.

According to the IMF, over the past five years, the country’s real gross domestic product (GDP) has grown at an average rate of 0.46 percent annually for all emerging market and developing economies, to 3.36 percent. With the pandemic came expectations that Latin America could experience the worst recession in the group. Overall, the region’s economy is projected to shrink by 8.1 percent in 2020, while developing economies are expected to contract by 3.3 percent.

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Income growth is so slow that it will take the country more than a century to bridge the income gap with developed countries.

Latin America is expected to recoup less than half of 2020’s losses with growth of 3.6 percent in 2021. Partners in Asia, Europe, Africa and the Middle East will recover faster. Under normal circumstances, healthy growth in Latin America would be above 4 percent per year, making poor performance all the more problematic.

The growth of per capita income in the country is more dismal. Data from the Inter-American Development Bank (IDB) shows that from 1960 to 2018, US GDP per capita grew by only 1.8 percent per year. The figure was 2.5 percent in advanced economies and 4.4 percent in Asia.

Which Is The Richest Country In South America

In a 2001 report, the IDB stated that income growth in Latin America is so slow that it would take the country a century to bridge the income gap with developed countries. It will be long.

Mapped: Visualizing Gdp Per Capita Worldwide In 2021

The IDB calls the Latin American “puzzle” the pattern of the region’s economy growing at a consistently slow pace compared to the rest of the world. Several economic studies have examined this phenomenon. He concluded that the root of the problem was low productivity and stagnant productivity growth.

In Latin America, investment in capital, labor and education over the past 60 years is much lower than in the fastest growing emerging economies of Asia, but higher than in advanced economies. However, while productivity grew at an annual average of 2.1 percent in emerging Asia (and 1.3 percent in developed countries), there was no figure for Latin America. The fruit there is the same as it was 60 years ago.

Economic attempts to solve Latin America’s problems over the past century have yielded nothing. © GIS / Source: Inter-American Dialogue at Madison Project Database

Because of these differences in productivity, the gap in living standards between rich countries and Latin America is even wider than it was a century ago. Poverty has shrunk substantially in the region, but the richest 10 percent earn more than the poorest 10 percent, compared to only nine times as much as in the developed economies of the Organization for Economic Co-operation and Development (OECD). The erosion of the middle class has made it difficult to implement the political and economic reforms needed to spur growth.

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Why didn’t the crops grow? Nobel laureate Joseph Stiglitz once wrote that a well-functioning economy requires a balance between government and markets. In Latin America, the balance is upset: governments usually play a dominant role in the economy.

Innovation and the creation of new knowledge, which are essential for increasing productivity, are driven by competition. For decades, Latin American governments have supported the expansion of the public sector and the number of public enterprises has increased. Industrial policies promoted subsidies and incentives to certain economic sectors and national champions. Such policies, along with import substitution, protectionism and restrictions on foreign investment, have prevented healthy competition.

In domestic markets, excessive regulations, bureaucracy, weak capital markets and financial systems as well as rigid labor laws that prevent workers from moving to more profitable firms or sectors have created high entry costs for new firms. World Bank’s Doing Business 2020 report, which

Which Is The Richest Country In South America

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