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.
here are some things that only money can buy, such as membership in the $100 Billion Club—the elite class of billionaires who have 12-figure fortunes. This year, a record 14 people worldwide qualify. That’s up from six last year and just one in 2020. Many of them struck it rich by starting tech companies.are 120% richer than they were a decade ago. But these 14, whose wealth is up 255% over the same stretch, have done much better than the average billionaire.
It wasn’t long ago that $100,000,000,000 seemed out of reach, even for the billionaire set. In 1987, when Forbes published its first global wealth ranking, we found just two people, both Japanese tycoons, worth more than $10 billion . It took the dot-com bubble to create the first centibillionaire, Bill Gates, whose Microsoft shares briefly pushed him beyond 11 figures in 1999 before the crash chopped his net worth nearly in half. No one would come close for almost two decades, even as markets soared before and after the Great Recession. Jeff Bezos finally cracked the code anew in late 2017, becoming the second $100 billionaire when Amazon rocketed toward $1 trillion in market capitalization.
Now, with megawealth surging around the globe, membership is getting more common by the day. A 15th person, L’Oréal heiress Françoise Bettencourt Meyers , is knocking on the door, with tech mogul Michael Dell not far behind her. But for the moment, here is the full roster of Earth’s most exclusive club, from least to most super-rich. Slim ranked as the richest person in the world from 2010 to 2013, worth $74 billion at his peak.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fanatics Sportsbook Promo Code: Bet $100 on College Basketball, Get $100 10X BackNo Fanatics Sportsbook Promo Code is needed to get up to $1000 bonus bets back from Fanatics. Just sign up and bet $100! You can earn 10x that amount back in bonus bets over 10 days.
Read more »
Amazon Spring Sale shaves $100 off the Bose SoundLink Revolve+ II; save $100 on one nowAmazon Spring Sale brings you the Bose SoundLink Revovle+ II at 30% off! Don't miss out on this top-notch offer and grab one while you can.
Read more »
Texas restaurant industry makes huge comeback since pandemic, passing $100 billion in annual salesRestaurants in Texas have bounced back since the COVID-19 pandemic.
Read more »
Binance Passes Epic $100 Billion Mark in User FundsBinance, largest global crypto exchange, celebrates historic milestone as it eclipses $100 billion in user holdings
Read more »
Global commodity trading profits topped $100 billion for second-best year everNo 1 source of global mining news and opinion
Read more »
Another $100 billion needed for California’s train to nowhereAfter spending $12 billion and accomplishing nothing, California needs another $100 billion for its fantasy choo-choo.
Read more »