Money makes the world go ‘round, and in 2024, there's more money around the world than ever before. There are now a record 2,781 people on Forbes’ World’s Billionaires list, worth a record $14.2 trillion in all. They hail from 78 countries, up from 77 in 2023.
The U.S. remains the country with the most billionaire citizens, with 813 who are collectively worth $5.7 trillion, both records. America’s billionaire class is $1.2 trillion richer than last year, thanks in part to the 97 people who joined or re-joined the ranks this year, with notable newcomers including Taylor Swift, NBA Legend Magic Johnson and OpenAI CEO Sam Altman. Fourteen of the top 20 richest people in the world are U.S. citizens, including eight of the top ten. The richest person in the world, however, is once again France’s Bernard Arnault, CEO of luxury goods giant LVMH, who is worth an estimated $233 billion.
China has the second most billionaires, with 406 worth $1.3 trillion; however, that’s down from 576 people last year who were worth a total of $2 trillion. (67 Hong Kongers add another $330 billion.) A major property slump is mostly to blame, along with a stock market rout that wiped out billions for China’s ultra-rich over the past three years.
Read the full story on Forbes: https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-countries-with-the-most-billionaires-2024/
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The U.S. remains the country with the most billionaire citizens, with 813 who are collectively worth $5.7 trillion, both records. America’s billionaire class is $1.2 trillion richer than last year, thanks in part to the 97 people who joined or re-joined the ranks this year, with notable newcomers including Taylor Swift, NBA Legend Magic Johnson and OpenAI CEO Sam Altman. Fourteen of the top 20 richest people in the world are U.S. citizens, including eight of the top ten. The richest person in the world, however, is once again France’s Bernard Arnault, CEO of luxury goods giant LVMH, who is worth an estimated $233 billion.
China has the second most billionaires, with 406 worth $1.3 trillion; however, that’s down from 576 people last year who were worth a total of $2 trillion. (67 Hong Kongers add another $330 billion.) A major property slump is mostly to blame, along with a stock market rout that wiped out billions for China’s ultra-rich over the past three years.
Read the full story on Forbes: https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-countries-with-the-most-billionaires-2024/
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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LifestyleTranscript
00:00 There are now a record 2,781 people on the Forbes World's Billionaire List worth a record
00:07 $14.2 trillion in all.
00:09 These global billionaires hail from 78 countries, up from 77 in 2023.
00:15 The U.S. remains the country with the most billionaires, with 813 who are collectively
00:20 worth $5.7 trillion.
00:24 America's billionaire class is $1.2 trillion richer than last year, thanks in part to the
00:30 97 people who joined or rejoined the ranks this year, with notable newcomers including
00:34 Taylor Swift, NBA legend Magic Johnson, and OpenAI CEO Sam Altman.
00:40 Fourteen of the top 20 richest people in the world are U.S. citizens.
00:45 However, the richest person in the world does not hail from the U.S.
00:49 France's Bernard Arnault, CEO of luxury goods giant LVMH, is worth an estimated $233 billion.
00:58 China has the second most billionaires, with 406 worth $1.3 trillion.
01:04 However, that's down from 576 people last year.
01:09 A major property slump is mostly to blame, along with a stock market rout that wiped
01:13 out billions for China's ultra-rich over the past 30 years.
01:18 India, the world's second most populous country, came in third.
01:22 The country saw a record 200 billionaires this year, including 25 newcomers.
01:27 In total, they are worth a collective $954 billion, a more than 40% jump from last year.
01:34 Two Indian citizens ranked in the top 20.
01:37 Mukesh Ambani, chairman of the sprawling conglomerate Reliance Industries, came in at number 9,
01:42 and Gwantam Adani, chairman of the Ahmedabad-based conglomerate Adani Group, ranked number 17.
01:49 Once again, Germany had the fourth highest number of billionaires, with 132 up from 126
01:56 last year.
01:57 Germans, as a group, are $59 billion richer than a year ago.
02:02 Among the newcomers are Martin Klang, Bastian Nomenacker, and Alexander Rienke, the three
02:07 co-founders of Munich-based data processing unicorn Solanus.
02:12 Rounding out the top five is Russia, a country that continues to enjoy a wealth rebound despite
02:17 its war with Ukraine.
02:19 The total number of Russian billionaires climbed to 120 this year, 15 more than last year and
02:24 37 more than 2022.
02:27 They are worth $537 billion in all.
02:30 The only new country to join the list this year is Luxembourg.
02:34 The tiny European nation, known as a tax haven for some of the world's wealthiest, now has
02:38 a billionaire citizen of its own in Michael Gons.
02:41 The Luxembourg-born minority owner of Supreme Group, a food, fuel and logistics provider
02:47 based in the Netherlands.
02:49 Uruguay is back in the ranks thanks to returning co-founders of Matavideo-based international
02:53 payment startup Dlocal, who had dropped off the list in 2023.
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