Are billionaires good for growth?
We are living in a world where the largest corporations are larger and the richest entrepreneurs are richer than ever before ? and an increasing number of billionaires are based in emerging countries. Who are these tycoons and how important are they to their economies?
A new book by Caroline Freund aims to answer these questions by examining the characteristics and impact of 700 emerging-market billionaires whose net worth adds up to more than $2 trillion.
Rich People, Poor Countries: The Rise of Emerging-Market Tycoons and Their Mega Firms finds that very large firms are export superstars in their home countries.
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