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What does it take to be a billionaire?

What does it take to be a billionaire?

Business
Forbes caused a stir this week when it reported that social media star Kylie Jenner had a self-made fortune worth nearly $ 1bn.It's a distinction very few can claim.There were only about 5,700 people in the world worth more than $ 500 million last year, according to Credit Suisse's annual Global Wealth Report. True billionaires are even rarer.So what does it take to become a billionaire?1. Start your own companyLooking at the top tier, big names such as Amazon's Jeff Bezos, Facebook's Mark Zuckerberg, Zara's Amancio Ortega and Alibaba's Jack Ma dominate.And the trend holds: Forbes identifies about two-thirds of the 2,208 people on its 2018 billionaires list as self-made - a share has increased over time. It's true that self-made ...
Lennox Lewis planning sensational return to boxing at 52 to take on Vitali Klitschko in exhibition fight

Lennox Lewis planning sensational return to boxing at 52 to take on Vitali Klitschko in exhibition fight

Sports
lew what? The Briton last fought in 2003 but may be about to lace up his gloves again Lennox Lewis is reportedly planning to make a sensational return to the ring to face Vitali Klitschko. The 52-year-old – the last undisputed heavyweight world champion – is eyeing an exhibition bout with his old Ukrainian rival later this year. Lennox Lewis may be lacing up his gloves once more The duo fought in 2003 and Lewis was given one of the most testing nights of his career before the fight was stopped in the sixth due to a severe cut to Klitschko’s left eye. It proved to be the final fight of Lewis’ career, but the Briton may now lace up his gloves once more, according to World Boxing News. Klitschko is the ...
UN report urges nations to take better care of world's forests

UN report urges nations to take better care of world's forests

Science
July 6 (UPI) -- A United Nations agricultural report Friday urges world governments to better manage shrinking forests, end deforestation and restore those that have been degraded. The U.N. Food and Agriculture Organization's State of the World's Forests report said in addition to shade, absorption of carbon dioxide, animal habitation and lumber, forests provide about 20 percent of rural household income in developing countries. It said forests are also responsible for providing fuel, to heat and cook, for one-third of the global population. "Deforestation, chiefly caused by the conversion of forest land to agriculture and livestock areas, threatens not only the livelihoods of foresters, forest communities and indigenous peoples, but also the variety of life on our planet," the report sa...
China retaliates as US tariffs take effect

China retaliates as US tariffs take effect

World
Beijing has hit back after US tariffs on $ 34bn (£25.6bn) of Chinese goods came into effect. The 25% duties apply to Chinese machinery, electronics and other hi-tech equipment including cars, computer hard drives and LEDs.Tariffs on an additional $ 16bn (£12.1bn) of Chinese goods are set to take effect in two weeks, Mr Trump has said.The US is prepared to target up to $ 500bn (£377.8bn) more, he has warned, unless Beijing yields to Washington's demands.Mr Trump's administration contends that China has deployed predatory tactics to try to overtake US technological dominance.These allegedly include requiring US companies to hand over technology in exchange for access to China's market.China's Commerce Ministry said it would be "forced to make a necessary count...
US-China trade war begins as tariffs worth $34bn take effect

US-China trade war begins as tariffs worth $34bn take effect

Business
Media playback is unsupported on your device US tariffs on $ 34bn (£25.7bn) of Chinese goods have come into effect, signalling the start of a trade war between the world's two largest economies.The 25% levy came into effect at midnight Washington time.China has retaliated by imposing a similar 25% tariff on 545 US products, also worth a total of $ 34bn.Beijing accused the US of starting the "largest trade war in economic history". "After the US activated its tariff measures against China, China's measures against the US took effect immediately," said Lu Kang, a foreign ministry spokesman. Two companies in Shanghai told the BBC that customs authorities were delaying clearance processes for US imports on Friday.The American tariffs are the...