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It’s been a banner year for the mega-wealthy. Forbes found an unprecedented 2,781 billionaires around the globe for this year’s World’s Billionaires list—141 more than in 2023 and 26 more than the previous record, set in 2021. The super-rich are also richer than ever, with their combined wealth hitting $14.2 trillion—$2 trillion more than just a year ago and $1.1 trillion above the previous record, also set in 2021.<br/><br/>As with the economy in general, the money is concentrated at the very top. There are now a record 14 people who are members of the $100 Billion Club, the elite group of people whose fortunes stretch into 12 digits. That’s up from just one four years ago. These lucky few are worth $2 trillion in all, meaning just 0.5% of the world’s 2,781 billionaires hold 14% of all billionaire wealth.<br/><br/>The richest of all is Bernard Arnault, who holds the No. 1 spot for the second year in a row. The French luxury goods kingpin is worth an estimated $233 billion, $22 billion more than in 2023 thanks to another record year for his conglomerate LVMH, the company behind brands such as Louis Vuitton, Tiffany & Co. and Sephora. He’s $38 billion richer than the world’s No. 2, Elon Musk, who is worth an estimated $195 billion. Just behind him, at No. 3, is Amazon’s Jeff Bezos, who is worth an estimated $194 billion. Forbes used stock prices and exchange rates from March 8, 2024 for this year’s ranking.<br/><br/>0:00 Introduction<br/>0:30 How Many Billionaires Made The Cut?<br/>1:10 Who Is The Richest Billionaire In The World?<br/>2:16 How Did Elon Musk Fare?<br/>3:21 AI And Other Billionaire Trends<br/>6:02 What Industries Minted Billionaires?<br/>7:02 Donald Trump's Net Worth<br/>8:55 Who Are Newcomers To The List<br/>11:30 Is The Economy Really Doing Well?<br/><br/>Read the full story on Forbes: https://www.forbes.com/billionaires<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.
The World's Billionaires Netted A Record $14.2 Trillion. Here's How They Made Their Money
⏲ 13:18 👁 126.8M
MSNBC
'Greatest con out there': Stephanie Ruhle slams Trump Media as stock plummets
⏲ 7 minutes 17 seconds 👁 19.6K
CNBC Television
Jim Cramer looks ahead to next week's market game plan
⏲ 9 minutes 58 seconds 👁 2K
During CNBC’s “Last Call,” Wayland stated that while the EV industry is bound for growth, thanks to the sheer number of products in the market, the transition from ICE to electric will not be as smooth as expected. This is because hybrid vehicles have started to gain attention.<br/><br/>“The biggest thing is the EV euphoria, which we’ve written about, it’s dead,” he said.
Is 'EV Euphoria Is Dead'? Experts Say Hybrids Might Be The Future As Ford Shifts Focus
⏲ 0:58 👁 2.5M
CBC News
Why is Tesla struggling? | About That
⏲ 9 minutes 24 seconds 👁 5.6K
Yahoo Finance
Stock market today: Live coverage from Yahoo Finance
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On Thursday, Cathie Wood-led Ark Invest made a significant move by selling shares of Coinbase Global, despite the stock’s positive market performance on the same day.
Cathie Wood's Ark Invest Sheds $6.4M Worth Of Coinbase Shares Despite Positive Market Movements And An Analyst Upgrade
⏲ 0:47 👁 2.5M
Bloomberg Television
Bloomberg Business News Live
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CNBC Television
Tesla shares pop on Musk announcement that robotaxis will be unveiled on August 8
⏲ 4 minutes 11 seconds 👁 3K
Excitement about the FTSE perhaps hitting a new high – beating the 8,047 reached last February – is misplaced.
Don’t be fooled by a potential FTSE record — London’s stock market is still in trouble
⏲ 0:37 👁 9.2M
Fox Business
Stock market legend describes major risks to investors right now
⏲ 13 minutes 2 seconds 👁 95K
NDTV Profit
Share Market Opening LIVE | Stock Market LIVE News | Business News | Nifty LIVE | Sensex LIVE News
⏲ 1 hour 57 minutes 30 seconds 👁 1.5K
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