The World's Billionaires

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/the-world-s-billionaires

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the minimum net worth threshold?US$1 billion
2. What is the first publication date?March 1987
3. What is the World's Billionaires list?It is an annual ranking made by Forbes that shows people who have more than one billion dollars. It looks at their stocks, companies, homes, and other valuable things, and subtracts any debts they owe.
4. How does Forbes decide who is on the list?Forbes calculates each person's net worth by adding all their assets like public and private company shares, real estate, and other valuable items, then subtracting any debts. They try to be accurate but note it can be hard to value private companies.

Net Worth: The total value of an individual's assets minus their total liabilities.
Centibillionaire: An individual whose net worth exceeds US$100 billion.
Philanthropy: The desire to promote the welfare of others, expressed by the donation of money to good causes.
Wealth Concentration: The extent to which a large proportion of a society's wealth is held by a small number of individuals or entities.