SACRAMENTO - The latest Forbes list shows the number of billionaires in the world has dropped from 1,125 to 793.
There are three fewer billionaires in the Sacramento area this year, compared to last year. Developer Alex Spanos is the only local on the list. His net worth is one billion dollars.
Bill Gates and Warren Buffet hold the top spots, with $40 and $37 billion net worths respectively. But the rich are getting poorer too. The average billionaire's net worth has dropped to $3 billion.
There are three fewer billionaires in the Sacramento area this year, compared to last year. Developer Alex Spanos is the only local on the list. His net worth is one billion dollars.
Bill Gates and Warren Buffet hold the top spots, with $40 and $37 billion net worths respectively. But the rich are getting poorer too. The average billionaire's net worth has dropped to $3 billion.
