Business

Record Number of Billionaires in 2024, Forbes Reports

Forbes’ latest list of the world’s billionaires has hit a new high, showcasing more billionaires and greater wealth than ever before.

The 2024 compilation reveals a burgeoning class of the ultra-rich, reflecting global economic dynamics and individual financial success stories.

The count of billionaires has swelled to 2,781, an increase of 141 from the previous year. This group’s collective fortune now stands at a staggering $14.2 trillion, marking a $2 trillion increase from 2023.

This growth not only surpasses last year’s figures but also the records set in 2021, highlighting a continuous upward trajectory in billionaire wealth accumulation.

Geographic Distribution and Wealth Accumulation

The United States leads the tally with a record 813 billionaires, the highest national count globally.

Following are China and India, with 473 and 200 billionaires respectively, the latter setting a new record for the country.

Forbes’ methodology for wealth calculation utilized stock prices and exchange rates as of March 8, 2024, offering a snapshot of global wealth distribution among the billionaire class.

The Billionaire Elite

At the pinnacle of this wealth pyramid stands Bernard Arnault and his family, commanding a net worth of $233 billion through their ownership of LVMH, a titan in the luxury fashion and cosmetics sector.

Elon Musk, with ventures spanning Tesla and SpaceX, and recent acquisition X (formerly Twitter), ranks second with $195 billion, despite facing valuation challenges in his companies.

Jeff Bezos of Amazon fame and Facebook’s Mark Zuckerberg follow closely, with substantial net worths of their own.

Noteworthy mentions include media mogul Rupert Murdoch, sports executive Jerry Jones, and entertainers Jay-Z, Kim Kardashian, and Taylor Swift, illustrating the diverse industries generating billionaire status.

Women in Wealth

Francoise Bettencourt Meyers, heiress to the L’Oreal fortune, emerges as the world’s wealthiest woman and fifteenth overall, with a net worth of $99.5 billion.

Other leading women include Alice Walton of Walmart lineage, Julia Koch of Koch Industries, Jacqueline Mars of the Mars confectionery and food empire, and MacKenzie Scott, philanthropist and ex-wife of Jeff Bezos.

With information from CBS News

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