Currency convulsions

Published: Apr 10, 2017 06:28:17 AM IST
Updated: Apr 10, 2017 02:37:18 PM IST

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Images: Images: Colombian Peso: Dannybalanta; Chinese Renminbi: Eye35 / Alamy Stock Photo; British Pound: Andrey Nekrasov / Alamy St Ock Photo; Brazilian Real: Glyn Thomas / Alamy St Ock Photo

The men and women profiled in this issue might not like to hear it, but wealth—at least when measured in US dollars—isn’t purely a function of entrepreneurial sagacity. Currency fluctuation matters too. The dollar was strong against most currencies, reducing the number of dollar-denominated billionaires from a number of countries. Conversely, a weaker dollar in places like Russia and Brazil helped bump up the number of billionaires there.

 

(This story appears in the 28 April, 2017 issue of Forbes India. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

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