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The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine's 2007 rankings of the world's richest people.

After reading the 2008 Forbes magazine the new tally of billionaires has jumped to 1,125 richest people in the world.946

According to the Forbes report released in March 2012, there are currently 1,226 U.S. dollar billionaires worldwide, boasting a combined total net worth of $4.6 trillion.The United States of America is home to 425 billionaires, while Russia and China have 96 and 95 billionaires respectively. Among U.S. billionaires, the average age is 66 years.

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