On February 20, Atlanta-based rapper J.I.D announced that he had signed to J.On February 16, Canadian rapper Nav announced that he had signed to The Weeknd's label XO Records.On February 13, Philadelphia rapper E-Dubble died from a blood infection.On February 10, Gucci Mane announced that Ralo was the first artist to sign to his latest imprint of 1017 Records.On February 7, Jim Jones announced that he signed a management deal with Jay Z's Roc Nation company, ending their long-standing feud.On January 19, XXXTentacion's court date for his October 2016 arrest was pushed back to April 1.The same day that Fat Joe announced that he had signed a management deal with Jay Z's Roc Nation company. On January 18, 21 Savage announced that he had signed a deal with Epic Records.On January 9, West Coast record producer and DJ Crazy Toones died at the age of 45 from a heart attack.The previous record holder was Jay-Z and Kanye West's Watch the Throne Tour, which made a total of $75,000,000 from 63 live shows. On January 8, Drake's Summer Sixteen Tour was declared the highest grossing hip-hop concert tour in history with a gross of $84,300,000 from a total of 54 different shows.5 All critically reviewed albums ranked.Even Europe saw its top 1 percent accumulate 18 percent of growth, while the bottom half gained 14 percent. In Russia, the economic assets of the bottom half of the country have shrunk since 1980. (About 13 percent flowed to the bottom 50 percent.) In the United States, the bottom half of Americans has captured just 3 percent of growth since 1980. In China, the 1 percent has accumulated 15 percent of all income growth since 1980. The bottom 50 percent, by contrast, got just 12 percent of the pie. The 2017 “ World Inequality Report” (compiled by economists such as Thomas Piketty and Emmanuel Saez) found that the 1 percent reaped 27 percent of the world’s income between 19. Several other Saudi royals, government officials and business leaders were scooped up, as well. Global losers included Alwaleed bin Talal, the richest person in Saudi Arabia, whose fortune dropped $1.9 billion to $17.8 billion after he was arrested as part of a corruption crackdown by Crown Prince Mohammed bin Salman. Hui Ka Yan, founder of China Evergrande Group, a property developer, saw his personal bank accounts swell by $25.9 billion, a 350 percent jump from last year. Russia’s 27 richest residents did well, too, adding $29 billion to grow to $275 billion, despite the international economic sanctions imposed after President Vladimir Putin annexed Crimea in 2014. That 65 percent jump was the largest for any of the 49 countries represented. There are 38 Chinese billionaires on the Bloomberg index, and they gained a combined $177 billion this year. Gates is valued at $91.3 billion.Ĭhina’s 1 percent did particularly well. 2. Bezos is worth about $99.6 billion, according to Bloomberg. (Bezos owns The Washington Post.) Microsoft co-founder Bill Gates came in at No. Bezos, founder of Amazon, clocked in as the world’s richest person, gaining $34.2 billion in wealth. It attributes much of the economic growth to the stock market’s record-high year. (The MSCI World and Standard & Poor’s 500 indexes grew about 20 percent this year.) Jeffrey P. That data comes courtesy of the Bloomberg Billionaires Index, which tracks and ranks the world’s 500 richest people. The world’s richest people got a whopping $1 trillion richer in 2017, according to a new report from Bloomberg News. That’s about four times the gains they made last year.
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