I cover the most successful entrepreneurs doing the biggest deals on the planet. As a senior editor, I help put together the Forbes 400 and World's Billionaires lists and oversee Forbes' coverage of billionaires. My reporting has taken me everywhere from the world's largest cardboard box factory to Donald Trump's penthouse.
The planet has a record 2,781 billionaires who are worth a record $14.2 trillion. Here’s who’s up, who’s down, who’s new and who’s off the ranking.—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.
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 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., who holds the No. 1 spot for the second year in a row.
Women are still woefully underrepresented, accounting for just 369 of the planet’s 2,781 billionaires—or about 13%, the same as last year. The richest woman is once again, the Fresh heiress to the L'Oréal fortune. She’s worth an estimated $99.5 billion.
One reason behind the declining share of self-made billionaires is the start of the great wealth transfer around the world. For instance, when Italy’s former prime minister Silvio Berlusconi died last year, his five children took his place in the ranks. The average age of a billionaire is 66. The oldest list member is 102-year-old insurance tycoon, a Brazilian heiress whose grandfather cofounded electrical equipment producer WEG.
Still—even in such boom times for billionaire wealth—bankruptcy, scandal and stock crashes helped knock 189 people off the, the embattled chairman of property developer China’s troubled Evergrande Group. Another 32 people from the 2023 list died over the past year, including former President of Chile Sebastián Piñera, Intel cofounder Gordon Moore, investor Charlie Munger and singer-songwriter Jimmy Buffett.
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