You don’t have to be a finance whiz to make Forbes’ World’s Billionaires list, but it sure does help. While people have gotten super-rich in everything from soy sauce to palm oil to damaged cars, being in finance, whether private equity or hedge funds or venture capital, is the most common way the world’s wealthiest got so rich.
In fact, nearly one in six billionaires, or just over 15%, made their money in finance and investments: these 427 individuals hail from countries as mixed as Estonia, Kazakhstan, Japan and the U.S. That’s up from the 372 names a year ago and includes 37 newcomers including Ben Navarro, founder of Sherman Financial Group (who is worth an estimated $1.5 billion), Cristina Junqueira of the Brazil-based digital bank Nubank ($1.4 billion) and Antonio Gracias, founder and CEO of Valor Equity Partners ($1.1 billion).
These billionaires—who also include bankers, fintech founders and full-time investors—are worth $2.17 trillion in all. Nearly two-thirds are richer than in 2023, no one more than Warren Buffett, who added $27 billion to his net worth thanks to record-high share prices for his conglomerate Berkshire Hathaway.
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In fact, nearly one in six billionaires, or just over 15%, made their money in finance and investments: these 427 individuals hail from countries as mixed as Estonia, Kazakhstan, Japan and the U.S. That’s up from the 372 names a year ago and includes 37 newcomers including Ben Navarro, founder of Sherman Financial Group (who is worth an estimated $1.5 billion), Cristina Junqueira of the Brazil-based digital bank Nubank ($1.4 billion) and Antonio Gracias, founder and CEO of Valor Equity Partners ($1.1 billion).
These billionaires—who also include bankers, fintech founders and full-time investors—are worth $2.17 trillion in all. Nearly two-thirds are richer than in 2023, no one more than Warren Buffett, who added $27 billion to his net worth thanks to record-high share prices for his conglomerate Berkshire Hathaway.
Read the full story on Forbes:
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 The record 2,781 members of the 2024 World's Billionaires List acquired their fortunes
00:07 from various businesses, from soy sauce to palm oil, cleaning products, and even damaged
00:13 cars.
00:14 Still, while the origins of wealth are diverse, 10 key industries continue to dominate the
00:19 exclusive list.
00:21 As it was last year, finance and investments boasted the highest number of billionaires
00:26 with 427 individuals who hailed from countries like Estonia, Kazakhstan, and Japan.
00:33 This year's total is an increase from the 372 names a year ago.
00:38 Here are the 5 industries that produced the most billionaires on the 2024 World's Billionaires
00:43 List.
00:44 At number 5, Food and Beverage.
00:47 The richest in the food and beverage space is Zhong Shan Shan, chairman of bottled water
00:52 company Nongfu Spring.
00:54 He also controls the publicly listed Beijing Wontai Biological Pharmacy.
01:00 At number 4, Fashion and Retail.
01:02 The richest in the fashion world is Bernard Arnault and family, chairman and CEO of luxury
01:07 goods company LVMH and the world's richest person.
01:11 At number 3, Manufacturing.
01:14 The richest in manufacturing is Reinhold Wiertand family, chairman of screw and fastener maker
01:19 Wirt Group.
01:21 At number 2, Technology.
01:24 The richest in technology is Jeff Bezos, founder of Amazon and owner of the Washington Post
01:29 and rocket company Blue Origin.
01:32 And the number 1 industry, Finance and Investments.
01:35 Our richest billionaire in finance and investments is Warren Buffet, chairman and CEO of Berkshire
01:40 Hathaway.
01:41 [Music]