New billionaires list: decline of the West and intensified inequality

Published: Nov. 1, 2013, 4:50 a.m.

According to the latest Forbes list of the world’s richest, more and more non-Westerners are making it into the most elite bracket: the billionaires. For years, the U.S., Germany and Japan were the clear leaders in the ability of individuals to amass wealth, but more recently, nations like Brazil, Russia, India and China are dominating...