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$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 $1 billion threshold, losing their membership to the three-comma club entirely.<br/><br/>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.<br/><br/>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 $19 billion a year ago but dropped from the list after a Chinese court froze his shares of metals company Amer International Group.<br/><br/>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).<br/><br/>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<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.

5 People Who Fell Off The 2024 Billionaires List

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Stay updated on the latest financial setbacks for former President Donald Trump as his media stock tumbles, causing a $1 billion hit to his net worth. Plus, Trump's legal woes continue as he posts a $175 million bond in a civil fraud case, avoiding asset seizures. Get the full scoop on Trump's financial challenges and legal battles in our latest news update.<br/> <br/>#DonaldTrump #DonaldTrumpFinance #DonaldTrumpNetWorth #TrumpNetWorth #TrumpMediaCrisis #USNews #Oneindia<br/>~PR.274~ED.194~GR.124~HT.96~

U.S. News: Donald Trump Media Crisis | Shares Plummet, Financial Struggles Deepen | Oneindia News

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A bolt of lightning struck the Statue of Liberty's torch in a stunning photo captured on April 3.

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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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Satisfying Tech

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