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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.<br/><br/>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.<br/><br/>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.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-countries-with-the-most-billionaires-2024/<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>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:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

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&#36;14.2 trillion, on Forbes’ 2024 World’s Billionaires list—but not everyone is celebrating. An unlucky quarter of those on the ranking are poorer than they were in 2023. And 189 people fell below the &#36;1 billion threshold, losing their membership to the three-comma club entirely.&#60;br/&#62;&#60;br/&#62;These billionaire drop-offs include moguls behind some notable brands, such as Estée Lauder heir Gary Lauder; Hajime Satomi, former CEO of Japanese gaming company Sega Sammy; and David Tran, owner of the company behind Sriracha hot sauce.&#60;br/&#62;&#60;br/&#62;The overwhelming majority of the losses came from China, one of the few huge markets to sputter in an otherwise-positive year amid fallout from slower economic growth, a property market glut, a decline in foreign investment and rising geopolitical tensions. China shed 133 billionaires (including Hong Kong and Macau) since last year’s list. That includes Tang Binsen, founder of the sparkling water company Chi Forest; Hui Ka Yan, chair of embattled real estate developer Evergrande Group; and copper and cable magnate Wang Wenyin, who was worth &#36;19 billion a year ago but dropped from the list after a Chinese court froze his shares of metals company Amer International Group.&#60;br/&#62;&#60;br/&#62;The United States, meanwhile, which has the most billionaires of any country, only saw eight billionaires drop from the ranks, followed by Japan (6) and Russia (5).&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/richardjchang/2024/04/02/heres-who-fell-off-forbes-2024-billionaires-list/?sh=5134cd861fd0&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:6 👁 12.9M
Yesterday, we unveiled our annual World’s Billionaires list, the official ranking keeping track of the mega-wealthy. The planet has a record 2,781 billionaires who are worth a record &#36;14.2 trillion.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/chasewithorn/2024/04/02/forbes-38th-annual-worlds-billionaires-list-facts-and-figures-2024/&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:40 👁 3.7M
The world’s wealthiest technology moguls have ridden the AI-fueled frenzy to never-before-seen heights. Forbes found 342 billionaires with fortunes in tech, up from 313 last year. As a group, they are worth a combined &#36;2.6 trillion, more than any other industry and an astounding &#36;750 billion more than last year, a bigger gain than any other industry. &#60;br/&#62;&#60;br/&#62;Of course the biggest reason behind the tech rally is the artificial intelligence craze, as investors rush into companies building AI products or selling products to AI companies. &#60;br/&#62;&#60;br/&#62;U.S. tech giants are getting in on the action, too, investing heavily in AI’s large language models and the processing power they require, exciting investors and making their founders even richer. &#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/phoebeliu/2024/04/02/tech-billionaires-have-added-an-as[…]billion-to-their-fortunes-over-the-past-year/?sh=3d511b726d2b&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:54 👁 3M
What a year it’s been for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation. There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They’re richer than ever, worth &#36;14.2 trillion in aggregate, up by &#36;2 trillion from 2023 and &#36;1.1 trillion above the previous record, also set in 2021. Two-thirds of the list’s members are worth more than a year ago; only one fourth are poorer. Much of the gains come from the top 20, who added a combined &#36;700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined &#36;5.7 trillion. China remains second, with 473 (including Hong Kong) worth &#36;1.7 trillion, despite weak consumer spending and a real estate bust that helped wipe out &#36;200 billion in wealth and knocked 89 billionaires from the ranks. India, which has 200 billionaires (also a record), ranks third.To calculate net worths, we used stock prices and exchange rates from March 8, 2024. See below for the full list of the world’s billionaires and our methodology. For daily updated net worths of all 2,781 billionaires, check out our real-time billionaires rankings.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/chasewithorn/2024/04/02/the-100-billion-club-these-14-people-have-12-figure-fortunes/&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 4:36 👁 46.2M
It’s a rare feat to become a billionaire, especially at a young age. The average billionaire is 66, and the oldest person in the ranks is 102. Still, a select few have gotten super-rich super young.&#60;br/&#62;&#60;br/&#62;For the first time since 2009, every billionaire under 30 inherited his or her fortune—the result of some self-made entrepreneurs aging into their 30s, and a sign that the “great wealth transfer” has begun.&#60;br/&#62;&#60;br/&#62;These inheritances illustrate the beginning of a long-anticipated generational wealth transfer among aging populations around the world. In the United States, Baby Boomers and their elders (those born in 1964 or earlier) hold &#36;95.9 trillion of a total &#36;147.1 trillion of household wealth, per the Federal Reserve. Trillions are expected to change hands every year as the affluent elderly pass away and leave their fortunes to descendants.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/monicahunter-hart/2024/03/31/worlds-youngest-billionaires-2024-john-collison-ben-francis-evan-spiegel/?sh=3a7d65a61352&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?s... &#60;br/&#62;&#60;br/&#62;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: &#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership... &#60;br/&#62;&#60;br/&#62;Stay Connected &#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com &#60;br/&#62;Forbes on Facebook: http://fb.com/forbes &#60;br/&#62;Forbes Video on Twitter: / forbes &#60;br/&#62;Forbes Video on Instagram: / forbes &#60;br/&#62;More From Forbes: http://forbes.com &#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:12 👁 21.4M
A year and a half after ChatGPT burst onto the scene, the AI gold rush is in full swing. Artificial intelligence has become dinner table talk and turned OpenAI CEO Sam Altman into nearly a household name.&#60;br/&#62;&#60;br/&#62;Both new and old tech companies have seen their share prices skyrocket, making the world’s tech tycoons even richer and pushing more than a dozen new AI billionaires onto Forbes’ World’s Billionaires list.&#60;br/&#62;&#60;br/&#62;A significant amount of the private company funding has come from the legacy tech giants like Microsoft, Amazon and Alphabet, who are hoping to win what has become an AI arms race. For now, there’s no telling if or when the AI bubble may burst and funding may dry up, but it’s starting to show some cracks.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/phoebeliu/2024/04/02/the-billionaires-getting-rich-from-ai-2024/&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 3:54 👁 1.8M
The crypto winter is over. Bitcoin has more than doubled over the past 12 months, hitting an all-time high of &#36;73,000 in March after the U.S. legalized bitcoin-pegged exchange-traded funds. The total value of all outstanding cryptocurrencies increased by 170%, adding some &#36;1.6 trillion in market value over the past 12 months, according to CoinGecko.&#60;br/&#62;&#60;br/&#62;That’s helped make at least 17 people crypto billionaires, according to Forbes’ 2024 World’s Billionaires list, up from nine crypto billionaires last year. These 17 investors and entrepreneurs are worth a collective &#36;93 billion, between their estimated crypto asset holdings, publicly disclosed stock holdings and private assets. That’s more than double the &#36;37 billion in collective crypto billionaire wealth last year.&#60;br/&#62;&#60;br/&#62;For the third year running, Changpeng Zhao, founder and former CEO of crypto exchange Binance, is crypto’s wealthiest person. Despite pleading guilty to U.S. money laundering charges in November, CZ, as he’s known, is now worth an estimated &#36;33 billion, up from &#36;10.5 billion last year. That makes him the biggest crypto gainer in dollar terms since last year and the 50th-wealthiest person in the world. The bulk of his fortune comes from his majority stake in Binance, which remains the industry’s largest global trading venue by volume.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/johnhyatt/2024/04/02/the-richest-crypto-and-bitcoin-billionaires-in-the-world-2024/&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 4:31 👁 2.9M
When Larry Culp stepped into the CEO role at General Electric in 2018, he was the first outsider to lead the iconic company. Founded by Thomas Edison in 1892, GE had morphed over more than a century into a sprawling conglomerate that was struggling under &#36;135 billion in debt.&#60;br/&#62;&#60;br/&#62;One of Culp’s predecessors had made a costly acquisition bet, investors had fled, and the company’s market cap had shrunk to &#36;70 billion, down more than half a trillion dollars from August 2000, when it was the most valuable company in the world. Culp turned GE’s board down twice before accepting the CEO job, but ultimately extracted a multimillion-share incentive package linked to GE’s share price. At the time, CNBC’s Jim Cramer said it was “the best performance-oriented contract I’ve ever seen.”&#60;br/&#62;&#60;br/&#62;Spoiler alert: It paid off.&#60;br/&#62;&#60;br/&#62;Read the full story on Forbes: https://www.forbes.com/sites/sarahwhitmire/2024/03/31/general-electric-ceo-larry-culp-to-join-small-club-of-billionaire-executives/?sh=7902b57d449b&#60;br/&#62;&#60;br/&#62;Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1&#60;br/&#62;&#60;br/&#62;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:&#60;br/&#62;&#60;br/&#62;https://account.forbes.com/membership/?utm_source=youtube&amp;utm_medium=display&amp;utm_campaign=growth_non-sub_paid_subscribe_ytdescript&#60;br/&#62;&#60;br/&#62;Stay Connected&#60;br/&#62;Forbes newsletters: https://newsletters.editorial.forbes.com&#60;br/&#62;Forbes on Facebook: http://fb.com/forbes&#60;br/&#62;Forbes Video on Twitter: http://www.twitter.com/forbes&#60;br/&#62;Forbes Video on Instagram: http://instagram.com/forbes&#60;br/&#62;More From Forbes:http://forbes.com&#60;br/&#62;&#60;br/&#62;Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
⏲ 5:18 👁 9.3M

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