Money makes the world go ‘round, and in 2024, there’s more money around the world than ever before. There are now a record 2,781 people on Forbes’ World’s Billionaires list, worth a record $14.2 trillion in all. They hail from 78 countries, up from 77 in 2023.
The U.S. remains the country with the most billionaire citizens, with 813 who are collectively worth $5.7 trillion, both records. America’s billionaire class is $1.2 trillion richer than last year, thanks in part to the 97 people who joined or re-joined the ranks this year, with notable newcomers including Taylor Swift, NBA Legend Magic Johnson and OpenAI CEO Sam Altman. Fourteen of the top 20 richest people in the world are U.S. citizens, including eight of the top ten. The richest person in the world, however, is once again France’s Bernard Arnault, CEO of luxury goods giant LVMH, who is worth an estimated $233 billion.
China has the second most billionaires, with 406 worth $1.3 trillion; however, that’s down from 576 people last year who were worth a total of $2 trillion. (67 Hong Kongers add another $330 billion.) A major property slump is mostly to blame, along with a stock market rout that wiped out billions for China’s ultra-rich over the past three years.
Read the full story on Forbes: https://www.forbes.com/sites/devinseanmartin/2024/04/02/the-countries-with-the-most-billionaires-2024/
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