September 20, 2014
September 19, 2014
Watch: a drone’s perspective of the Scarborough Bluffs
Worn Fashion Journal announces its final issue
Fort York Visitor Centre opens to the public this weekend.
Thousands line up at the Eaton Centre for a chance to buy one of the new iPhones
IParkedInABikeLane stickers aim to shame drivers who park in the city’s bike lanes
Forbes Releases Annual World's Billionaires List
Former BlackBerry CEOs Balsillie and Lazaridis absent from the list

Forbes released its Billionaires List today. Ranking the world’s 1,226 richest persons in the world, Mexican telecom mogul Carlos Slim topped the list at $69-bln, followed by household names Bill Gates and Warren Buffet, netting $61-bln and $44-bln, respectively. The collective wealth of the list is pegged at $4.6-trln.

Included are 25 Canadians, with Thomson family of Thomson Reuters fame ranking no. 1 ($17.5-bln), followed by Loblaw’s Galen Weston and family ($7.6-bln), and Frank Stronach of Magna International ($1.2-bln). (Former billionaires of Research in Motion — joint-CEOs Jim Balsillie and Mike Lazaridis — were presumably booted off after their departure from BlackBerry.)

It turns out quantifying wealth is a lucrative enterprise. The Forbes list is compiled by 50 staffers in 16 countries and serves as a “cash cow” for the magazine, according to Kevin Roose of Dealbook. To cash in, Bloomberg has released its own last week. The Bloomberg Billionaires Index ranks the wealth of the world’s top 20 richest daily.

The Forbes list and Bloomberg index marks a return to the mean, coming less than a year after the Occupy movements popularized the term “one percent.” Critics argue that the listings fetishize wealth and are hampering efforts to alleviate the burden of income disparity.

(Source: Forbes: The World’s Billionaires.)

________

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