Offbeat A New Billionaire Is on Top in Land Long Crowned by Lego Wealth

05:26  02 august  2018
05:26  02 august  2018 Source:   bloomberg.com

Only one generation of Americans has recovered from the housing crash

  Only one generation of Americans has recovered from the housing crash A new report by the Pew Research Center looks at who gained the most ground since the Great Recession.During the economic downturn a decade ago, Generation X homeowners — born between 1965 and 1980 — experienced the largest decline in home equity, according to a new report by the Pew Research Center, a Washington, D.C., think tank. Home equity for that generation fell by 43% from $66,000 in 2007 to $37,600 in 2010. The median value of the financial assets owned by Generation X households fell 20% from 2007 to 2010.

There’s a new billionaire on top in Denmark after Niels Louis-Hansen saw his wealth climb almost 50 percent this year spurred by his holdings in medical device companies. “He’s a long -term investor who has been able to look beyond short-term volatility and that has made him extremely successful.”

This is a list of countries by the number of billionaires by net worth (USD) based on an annual assessment of wealth and assets compiled and published by Forbes magazine.

  A New Billionaire Is on Top in Land Long Crowned by Lego Wealth © Bloomberg There’s a new billionaire on top in Denmark after Niels Louis-Hansen saw his wealth climb almost 50 percent this year spurred by his holdings in medical device companies.

Louis-Hansen, the biggest investor in ostomy-bag maker Coloplast A/S, has seen his net worth climb to $7 billion this year, dethroning Troels Holch Povlsen, owner of clothing retailer Bestseller A/S, as Denmark’s richest. Povlsen hasn’t had a bad year either, seeing his fortune climb 6.2 percent to $6.7 billion, according to the Bloomberg Billionaires Index.

Shares in Coloplast are up about 41 percent this year, meaning the 70-year-old’s 21 percent stake has climbed about 9 billion kroner ($1.4 billion) in market value. Louis-Hansen’s other main investment, endoscopy-maker Ambu A/S, has done even better. The shares are up 125 percent in 2018, making the billionaire 5.3 billion kroner richer.

This Asian billionaire has lost 74 percent of her fortune

  This Asian billionaire has lost 74 percent of her fortune The “queen of shell companies” had already been dethroned as Hong Kong’s richest woman. Now Pollyanna Chu Yuet Wah, whose Kingston Financial Group Ltd. operates Macau casinos and margin-lending businesses, has lost 74 percent of her fortune, the biggest destruction of individual wealth this year in Asia, according to the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. After starting the year at No. 183 with $8.4 billion, she’s currently worth $2.2 billion and has dropped off the list.The decline of her fortune deepened after Kingston reported fiscal 2018 profit of HK$1.

To coincide with the release of the 2012 list, Forbes announced a new " Billionaire Real-Time Ticker" updating the wealth of the world's top fifty billionaires in real time.[31]. "Bill Gates No Longer World's Richest Man".

First you acquired land in New Zealand, with its rich resources and clean air, away from the chaos and ecological devastation gripping the rest of the world. Of the sheer improbability of these two men– one for whom New Zealand was a means of shoring up his wealth and power in a coming

a screenshot of a cell phone: Denmark's Richest Man © Bloomberg Denmark's Richest Man “He has been able to find some very profitable niches in the stock market,” Morten Larsen, an analyst at ABG Sundal Collier, said by phone. “He’s a long-term investor who has been able to look beyond short-term volatility and that has made him extremely successful.”

For years, Kjeld Kirk Kristiansen of the Lego A/S family was an undisputed No. 1 on Denmark’s rich list, but he lost his place recently after transferring some of his wealth to his three children. He’s now third with a net worth of about $5.3 billion. Still, when adding the wealth of the children, who sit on $5.1 billion each, the Lego family is worth more than Louis-Hansen and Povlsen combined.

--With assistance from Devon Pendleton.

To contact the reporter on this story: Christian Wienberg in Copenhagen at cwienberg@bloomberg.net

To contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net, Jonas Bergman

©2018 Bloomberg L.P.

Great expectations on Liverpool to end long wait for league title .
Jurgen Klopp is trying to keep a lid on expectations, but ahead of the new Premier League season, Anfield is brimming with excitement that Liverpool could finally end a near three decade wait to be crowned champions of England. Often outgunned by the riches of fierce rivals Manchester United and the oil-backed wealth of Chelsea and Manchester City in recent times, this summer Liverpool were the Premier League's biggest spenders in a reported £170 million splurge ($219 million)."We had to create a squad which is strong enough and wide enough to cope with the Premier League and to be as successful as possible," said Klopp on Friday.

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