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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

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Tesla reported first-quarter vehicle deliveries of 386,810, an 8.5% drop from the year-ago quarter. Production was 433,371 vehicles, down 1.7% year-over-year. Analyst estimates for deliveries averaged 457,000, with a range from 414,000 to 511,000. Challenges included ramping up Model 3 production and factory shutdowns due to supply chain issues. Competition increased in China from brands like BYD and Xiaomi. Shares fell over 6.5% on the report.

Tesla's First-Quarter Deliveries Fall 8.5%, Missing Analyst Expectations

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Maurie Luetkemeier

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IRS Says Deadline Approaching , For Over $1 Billion , in 2020 Tax Refunds.<br/>NBC reports that the Internal Revenue Service has <br/>alerted anyone who didn't file a tax return at the height <br/>of the pandemic that they may be eligible for a refund.<br/>According to the IRS, over $1 billion<br/>in unclaimed refunds for 2020 <br/>are waiting to be claimed. .<br/>Due to the COVID-19 pandemic, <br/>U.S. taxpayers got an extension on <br/>the normal three-year filing window. .<br/>The new due date is now May 17, 2024, <br/>meaning the last chance for taxpayers <br/>to claim their 2020 refund is looming. .<br/>There’s money remaining <br/>on the table for hundreds <br/>of thousands of people who <br/>haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br/>There’s money remaining <br/>on the table for hundreds <br/>of thousands of people who <br/>haven’t filed 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br/>We want taxpayers to claim these refunds, <br/>but time is running out for people who may <br/>have overlooked or forgotten about these <br/>refunds. There’s a May 17 deadline to file <br/>these returns so taxpayers should start <br/>soon to make sure they don’t miss out, Danny Werfel, IRS Commissioner, via NBC.<br/>According to IRS estimates, , the median refund , for 2020 was $932. .<br/>People faced extremely unusual <br/>situations during the pandemic, <br/>which may have led some people <br/>to forget about a potential refund <br/>on their 2020 tax returns, Danny Werfel, IRS Commissioner, via NBC.<br/>People may have just overlooked these, <br/>including students, part-time workers <br/>and others. Some people may not realize <br/>they may be owed a refund. We encourage <br/>people to review their files and start <br/>gathering records now, so they don’t <br/>run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.<br/>People may have just overlooked these, <br/>including students, part-time workers <br/>and others. Some people may not realize <br/>they may be owed a refund. We encourage <br/>people to review their files and start <br/>gathering records now, so they don’t <br/>run the risk of missing the May deadline, Danny Werfel, IRS Commissioner, via NBC.<br/>NBC reports that the IRS noted that 2020 <br/>tax refunds could be withheld if the taxpayer <br/>also failed to file returns in 2021 or 2022

IRS Says Deadline Approaching For Over $1 Billion in 2020 Tax Refunds

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Tesla Inc.'s vehicle deliveries for the first quarter significantly underperformed Wall Street expectations, the company's largest miss in seven years based on Bloomberg's data. The EV giant delivered 386,810 vehicles, falling short of average estimates and resulting in a 4.9% drop in its share price. Tesla's first-quarter performance was hindered by higher interest rates, operational issues at its Berlin plant, Elon Musk's contentious social media presence, and increased competition in China's EV market. Analysts expected Tesla to surpass its sales from the prior year, yet the company's deliveries fell by 8.5%.

Tesla Disappoints Wall Street with Biggest Delivery Miss in 7 Years

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