Historically, Americans have taken their time getting comfortable with new technology before forking over serious cash for it. When color TVs came out in the 1950s, consumers were entranced. But it took another 20 years for half of US households to ditch their B&W sets; two decades later, DVD players hit that benchmark in just six years. If you think those flatscreen HDTVs are pricey, consider this: They cost about the same, adjusted for inflation, as the first color TVs. Here’s a look back at what we’ve paid for gadget lust.
Of the approximately 100 major exchanges located throughout the world, 16 of the world’s largest stock exchanges are depicted on the above image. The map also shows the market value and share turnover of each exchange. Share turnover is defined as a measure of stock liquidity. The market value is represented by buildings, with each large building equivalent to approximately $2 trillion.
As the picture shows, the United States has two of the top three exchanges based on market value. The New York Stock Exchange is the largest exchange by far with a market value of $9.57 trillion and share turnover of $7.99 trillion. The NYSE combined with the NASDAQ exchange, which has a market value of $2.77 trillion and a chart topping share turnover of $12.26 trillion, enables the U.S. to account for 38% of the total market value of the exchanges represented on this graphic.
The net worth of the richest people in the world is the worth of the total assets that each person owns. The net worth includes the assets minus the liabilities. In general, it is the worth of all the persons assets, whether or not they are liquid. The 50 richest people in the world are:
- William Gates III (Bill Gates), United States, net worth $40 billion from software. One of the founders of Microsoft, Bill Gates has been the richest person in the world for most of the years from 1995 to 2009.
- Warren Buffett, United States, net worth $37 billion from investments. Investor and Berkshire Hathaway CEO, Warren Buffet has pledged much of his wealth to philanthropic pursuits.
- Carlos Slim Helu & Family, Mexico, net worth $35 billion from telecommunications. Helu is one of the major influences over Mexican telecommunications. In 2007, he was briefly considered the richest person in the world.
- Lawrence Ellison United States Net worth $22.5B from software. Oracle CEO Ellison began in very humble circumstances and built up Oracle form a small business in 1977 to an enormous computer corporation.
- Ingvar Kamprad & Family Sweden Net worth $22B from furniture retail. The founder of IKEA, Kamprad started selling matches as a child and built up his retail business into the multinational corporation that IKEA is today.
- Karl Albrecht, Germany, net worth $21.5B from supermarket retail
- Mukesh Ambani, India, net worth $19.5B from petrochemicals
- Lakshmi Mittal, India, net worth $19.3B from steel
- Theo Albrecht, Germany, net worth $18.8B from supermarket retail ………….