The report traces the Black-white wealth gap to a "discriminatory economic system that keeps Black households from achieving the American dream," which encompasses everything from housing market discrimination to labor market discrimination to exclusion from financial systems. Rashmika Mandanna. It owns Network18, a licensee of Forbes Media, and the Mandarian Oriental hotel in New York. Originally from South Africa, Musk moved to Canada before his 18th birthday, worked a variety of jobs, enrolled at Queens University in Ontario and then transferred to University of Pennsylvania, where he earned a bachelors degree in economics. Elon Musk Net. Since Amazon went public in 1997, Forbes calculates that he has sold more than $27 billion worth of his stock. This continued in 2020, when white wealth grew from the last quarter of 2019 to the last quarter of 2020 more than it did for Black or Hispanic Americans. Filipino and African black households fall in the middle of the distribution$243,000 and $152,000 respectively. ), White 64.1%, Mulatto or mixed 26.6%, Black 9.3% (2012 est. Citigroup. Musk is CEO of electric car company Tesla, rocket firm SpaceX and social media company Twitter. )note: Republika Srpska authorities dispute the methodology and refuse to recognize the results; Bosniak has replaced Muslim as an ethnic term in part to avoid confusion with the religious term Muslim - an adherent of Islam, Tswana (or Setswana) 79%, Kalanga 11%, Basarwa 3%, other, including Kgalagadi and people of European ancestry 7%, White 47.7%, mixed 43.1%, Black 7.6%, Asian 1.1%, Indigenous 0.4% (2010 est. Saeed Bin Butti Al Qebaisi is one of the top 15 billionaires of Dubai. )note: data represent population by ethnic origin, African descent 87.3%, mixed 4.7%, Hispanic 2.7%, White 1.6%, other 2.7%, unspecified 0.9% (2011 est. Buffett has said he would donate 99% of his fortune. )note: data represent population by country of birth, Azerbaijani 91.6%, Lezghin 2%, Russian 1.3%, Armenian 1.3%, Talysh 1.3%, other 2.4% (2009 est. They are norm IQ but kick the shi2 out with hard work. And for Indians . NEW HAVEN, Conn. and LOS ANGELES, March 1, 2023 . A new report has revealed that every third Indian household in the UK falls into the wealthiest bracket, earning over 1,000 GBP each week. ), Chhettri 16.6%, Brahman-Hill 12.2%, Magar 7.1%, Tharu 6.6%, Tamang 5.8%, Newar 5%, Kami 4.8%, Muslim 4.4%, Yadav 4%, Rai 2.3%, Gurung 2%, Damai/Dholii 1.8%, Thakuri 1.6%, Limbu 1.5%, Sarki 1.4%, Teli 1.4%, Chamar/Harijan/Ram 1.3%, Koiri/Kushwaha 1.2%, other 19% (2011 est. ), Arab 95%, Armenian 4%, other 1%note: many Christian Lebanese do not identify themselves as Arab but rather as descendants of the ancient Canaanites and prefer to be called Phoenicians, Sotho 99.7%, Europeans, Asians, and other 0.3%, Kpelle 20.3%, Bassa 13.4%, Grebo 10%, Gio 8%, Mano 7.9%, Kru 6%, Lorma 5.1%, Kissi 4.8%, Gola 4.4%, Krahn 4%, Vai 4%, Mandingo 3.2%, Gbandi 3%, Mende 1.3%, Sapo 1.3%, other Liberian 1.7%, other African 1.4%, non-African 0.1% (2008 est. ), Tagalog 24.4%, Bisaya/Binisaya 11.4%, Cebuano 9.9%, Ilocano 8.8%, Hiligaynon/Ilonggo 8.4%, Bikol/Bicol 6.8%, Waray 4%, other local ethnicity 26.1%, other foreign ethnicity 0.1% (2010 est. ), Mestizo (mixed Amerindian-Spanish - in local Spanish called Ladino) 56%, Maya 41.7%, Xinca (Indigenous, non-Maya) 1.8%, African descent 0.2%, Garifuna (mixed West and Central African, Island Carib, and Arawak) 0.1%, foreign 0.2% (2018 est. This is a BETA experience. Guyana is a land of surprises, and the largest ethnic group of the nation is Indian, comprising about 44% of the total population. ), Malayo-Indonesian (Merina and related Betsileo), Cotiers (mixed African, Malayo-Indonesian, and Arab ancestry - Betsimisaraka, Tsimihety, Antaisaka, Sakalava), French, Indian, Creole, Comoran, Chewa 34.3%, Lomwe 18.8%, Yao 13.2%, Ngoni 10.4%, Tumbuka 9.2%, Sena 3.8%, Mang'anja 3.2%, Tonga 1.8%, Nyanja 1.8%, Nkhonde 1%, other 2.2%, foreign 0.3% (2018 est. . ), Belgian 75.2%, Italian 4.1%, Moroccan 3.7%, French 2.4%, Turkish 2%, Dutch 2%, other 10.6% (2012 est. ), Croat 90.4%, Serb 4.4%, other 4.4% (including Bosniak, Hungarian, Slovene, Czech, and Romani), unspecified 0.8% (2011 est. )note: Bangladesh's government recognizes 27 indigenous ethnic groups under the 2010 Cultural Institution for Small Anthropological Groups Act; other sources estimate there are about 75 ethnic groups; critics of the 2011 census claim that it underestimates the size of Bangladesh's ethnic population, African descent 92.4%, mixed 3.1%, White 2.7%, East Indian 1.3%, other 0.2%, unspecified 0.3% (2010 est. As of March 2021, Facebook founder Mark Zuckerberg was the fifth richest person in the world, worth $97 billion. ), Ovambo 50%, Kavangos 9%, Herero 7%, Damara 7%, mixed European and African ancestry 6.5%, European 6%, Nama 5%, Caprivian 4%, San 3%, Baster 2%, Tswana 0.5%, Nauruan 88.9%, part Nauruan 6.6%, I-Kiribati 2%, other 2.5% (2007 est. ), Gibraltarian 79%, other British 13.2%, Spanish 2.1%, Moroccan 1.6%, other EU 2.4%, other 1.6% (2012 est. )note: nearly 200 national and/or ethnic groups are represented in Russia's 2010 census, French, Portuguese, Caribbean, Afro-Caribbean, African descent 50%, White 25%, Chinese 25%, African descent 92.5%, mixed 3%, White 2.1%, East Indian 1.5%, other 0.6%, unspecified 0.3% (2001 est. )note: the PRC officially recognizes 56 ethnic groups, Chinese 70%, European 20%, Malay 10% (2001)note: no indigenous population, Mestizo and White 87.6%, Afro-Colombian (includes Mulatto, Raizal, and Palenquero) 6.8%, Amerindian 4.3%, unspecified 1.4% (2018 est. BTS. In November 2021, his fortune peaked at a whopping $320 billion. )note: data represent population by country of birth, Slovak 83.8%, Hungarian 7.8%, Romani 1.2%, other 1.8% (includes Czech, Ruthenian, Ukrainian, Russian, German, Polish), unspecified 5.4% (2021 est. )note: data represent population by ethnic and cultural affiliation, Arab-Berber 99%, European less than 1%note: although almost all Algerians are Berber in origin (not Arab), only a minority identify themselves as primarily Berber, about 15% of the total population; these people live mostly in the mountainous region of Kabylie east of Algiers and several other communities; the Berbers are also Muslim but identify with their Berber rather than Arab cultural heritage; Berbers have long agitated, sometimes violently, for autonomy; the government is unlikely to grant autonomy but has officially recognized Berber languages and introduced them into public schools, Pacific Islander 88.7% (includes Samoan 83.2%, Tongan 2.2%, other 3.3%), Asian 5.8% (includes Filipino 3.4%, other 2.4%), mixed 4.4%, other 1.1% (2020 est. Overseas Chinese basically cornered the global economy. The following chart highlights aggregate household wealth by race and ethnicity over the past two decades: From the last quarter of 2019 to the last quarter of 2020, total household wealth of white Americans increased by $9.58 trillion to $103.40 trillion. He moved into the number one spot after Elon Musks fortune fell in late 2022 as shares of electric carmaker Tesla fell. (The Richest in Money) Jewish people are a brilliant group. Walgreens Boots Alliance. Fractionalization is the probability that two individuals drawn randomly from the country's groups are not from the same group (ethnic, religious, or whatever the criterion is). ), Baganda 16.5%, Banyankole 9.6%, Basoga 8.8%, Bakiga 7.1%, Iteso 7%, Langi 6.3%, Bagisu 4.9%, Acholi 4.4%, Lugbara 3.3%, other 32.1% (2014 est. Here's a quick recap of the top 20 richest rockstars in the world: Paul McCartney Bono Jimmy Buffett Bruce Springsteen Elton John Bon Jovi Sting Mick Jagger Gene Simmons Ringo Starr Keith Richards The Edge Roger Waters Adam Clayton Anne-Frid Lyngstad Bjrn Ulvaeus Dave Matthews His company has invested in financial services, real estate, hospitality, healthcare, power, oil, and gas. The Economic Policy Institute (EPI) analyzed data from the last two quarters of 2020 to see how unemployment rates differed by race and ethnicity around the nation. ), unspecified Spanish, Italian, Portuguese, Arab, German, African, Indigenous, Kinh (Viet) 85.3%, Tay 1.9%, Thai 1.9%, Muong 1.5%, Khmer 1.4%, Mong 1.4%, Nung 1.1%, other 5.5% (2019 est. Alan Wong is one of the twelve chefs who developed Hawaii Regional Cuisine and he has appeared on the Bravo cooking show, Top Chef. Indians are the highest-earning ethnic group in the US, with a median income of $100,000. Here is a look at the top 10 richest people in the world. ), Italian, Swiss, Argentinian, and other nationalities from around the world (2017), Mestizo (mixed Amerindian and European) 90%, Amerindian 7%, African descent 2%, White 1%, Chinese 92%, Filipino 2.5%, Indonesian 2.1%, other 3.4% (2016 est. In an effort to ensure communication remains relatively smooth, Singapore also boasts four official language: English, Malay, Mandarin, and Tamil. )note: Romani populations are usually underestimated in official statistics and may represent 511% of Romania's population, Russian 77.7%, Tatar 3.7%, Ukrainian 1.4%, Bashkir 1.1%, Chuvash 1%, Chechen 1%, other 10.2%, unspecified 3.9% (2010 est. Here is the list of the 20 richest rappers in the world. Ethnic Groups. Now, I know what you're thinking: Indian isn't a. )note: data represent population by nationality, Austronesian (Malayo-Polynesian) (includes Tetun, Mambai, Tokodede, Galoli, Kemak, Baikeno), Melanesian-Papuan (includes Bunak, Fataluku, Bakasai), small Chinese minority, Adja-Ewe/Mina 42.4%, Kabye/Tem 25.9%, Para-Gourma/Akan 17.1%, Akposso/Akebu 4.1%, Ana-Ife 3.2%, other Togolese 1.7%, foreigners 5.2%, no response 0.4% (2013-14 est. Richest Tribes In Nigeria and Their Wealth 2022 The Yoruba tribe values education, and they see it as a way out of poverty, having previously accepted Western education. ), descendants of the Bounty mutineers and their Tahitian wives, Polish 96.9%, Silesian 1.1%, German 0.2%, Ukrainian 0.1%, other and unspecified 1.7% (2011 est. By Gren's measure, the world's most culturally diverse country is the African nation of Chad, which counts more than 100 ethnic groups among its 8.6 million residents. )note: data represent the total population; as of 2019,immigrants make up about87.9% of the total population, according to UN data, White 87.2%, Black/African/Caribbean/black British 3%, Asian/Asian British: Indian 2.3%, Asian/Asian British: Pakistani 1.9%, mixed 2%, other 3.7% (2011 est. ), Black/African descent 85.3%, mixed 10.9%, East Indian 2.2%, other 1.6%, unspecified 0.1% (2010 est. Here, we have some prominent surname of Jain's: Rupani, Zaveri, Bhansali, Oswal, Mehta, Sarak, Gada, Doshi, etc. Black Americans increased their total household wealth by $0.52 trillion, from $4.46 trillion in the fourth quarter of 2019 to $4.98 trillion in the last quarter of 2020. He moved from California to Lanai in 2020. )note: data represent only the Greek-Cypriot citizens in the Republic of Cyprus, Czech 57.3%, Moravian 3.4%, other 7.7%, unspecified 31.6% (2021 est. ), Kyrgyz 73.8%, Uzbek 14.8%, Russian 5.1%, Dungan 1.1%, other 5.2% (includes Uyghur, Tajik, Turk, Kazakh, Tatar, Ukrainian, Korean, German) (2021 est. 1. The Indian ethnic group also registered a high employment rate, of 75.9 per cent, comparing favourably to the highest employment rate registered for the White Other category at 81.7 per cent. His wealthiest and most profitable stake is in NMC Health (a London-listed firm ). Kano is one of the top commercial states in Nigeria earning it the nickname "centre of commerce". The Federal Reserve wrote that based on 2019 Survey of Consumer Finances, the most recent year available, white families had a median wealth of $188,200, compared to $24,100 for Black families, and $36,100 for Hispanic families. ), Lao 53.2%, Khmou 11%, Hmong 9.2%, Phouthay 3.4%, Tai 3.1%, Makong 2.5%, Katong 2.2%, Lue 2%, Akha 1.8%, other 11.6% (2015 est. ), African/Black 76.3%, Latino 5.5%, White 5.4%, mixed 5.3%, Indian 2.1%, East Indian 1.6%, other 3%, unspecified 0.8% (2010 est. )note: results among surveys vary based on the wording of the ethnicity question and the available response choices; the 2001 national census did not provide "Mestizo" as a response choice, resulting in a much higher proportion of respondents identifying themselves as belonging to one of the available indigenous ethnicity choices; the use of "Mestizo" and "Cholo" varies among response choices in surveys, with surveys using the terms interchangeably, providing one or the other as a response choice, or providing the two as separate response choices, Bosniak 50.1%, Serb 30.8%, Croat 15.4%, other 2.7%, not declared/no answer 1% (2013 est. mixed 40%, White 20%, African descent 20%, expatriates of various ethnic groups 20% Central African Republic Baya 28.8%, Banda 22.9%, Mandjia 9.9%, Sara 7.9%, M'Baka-Bantu 7.9%, Arab-Fulani (Peul) 6%, Mbum 6%, Ngbanki 5.5%, Zande-Nzakara 3%, other Central African Republic ethnic groups 2%, non-Central African Republic ethnic groups .1% (2003 est.) Mukesh Ambani chairs and runs $104 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom and retail. Ivory Coast - 0.7723. Households with an Indian, Pakistani or White British head had the highest net property wealth (medians of 176,000, 115,000 and 115,000 respectively) and were the most likely of all ethnic. ), Guernsey 53.1%, UK and Ireland 23.9%, Portugal 2.2%, Latvia 1.5%, other Europe 2.8%, other 4.4%, unspecified 11.4% (2020 est. Page and his fellow Stanford computer science PhD student Sergey Brin cofounded Google in 1998, creating a search engine that took off and made money by selling ads. Bernard Arnault is CEO and chair of LVMH, the largest luxury goods company in the world with some 70 fashion and cosmetics brands. He runs investing conglomerate Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. ), racially homogeneous; there is a small Chinese community and a few ethnic Japanese, Albanians 92.9%, Bosniaks 1.6%, Serbs 1.5%, Turk 1.1%, Ashkali 0.9%, Egyptian 0.7%, Gorani 0.6%, Romani 0.5%, other/unspecified 0.2% (2011 est. ), Chinese 74.2%, Malay 13.7%, Indian 8.9%, other 3.2% (2021 est. They constitute 4.4% of the population or around 186,633 people. Elon Musk 3. Larry Ellison cofounded software firm Oracle in 1977 and ran it as CEO until 2014; he now serves as chairman and Chief Technology Officer of the company. )note: data represent population by ancestry, Somali 60%, Afar 35%, other 5% (mostly Yemeni Arab, also French, Ethiopian, and Italian), African descent 84.5%, mixed 9%, Indigenous 3.8%, other 2.1%, unspecified 0.6% (2011 est. Sergey Brin stepped down as president of Alphabet, parent company of Google, in December 2019 but remains a controlling shareholder and a board member. Tesla shares fell more than 50% from their peak in November 2021 through January 31, 2023. Amazon grew to dominate cloud storage and moved into movie and series production to feed Amazon Prime Video. They are an established and popular community in South Africa, largely due to their considerable wealth derived from the royalties earned . Four of Arnaults five children work in parts of the LVMH empire. )note: data represent population by ethnic origin or race, Andorran 48.3%, Spanish 24.8%, Portuguese 11.2%, French 4.5%, Argentine 1.4%, other 9.8% (2021 est. A large amount settled in the large cities of Boston, New York, Philadelphia, and Chicago. Larry Ellison 5. 23, worth $58 billion. 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