The World's Billionaires Netted A Record $14.2 Trillion. Here's How They Made Their Money

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.
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.
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.
0:00 Introduction
0:30 How Many Billionaires Made The Cut?
1:10 Who Is The Richest Billionaire In The World?
2:16 How Did Elon Musk Fare?
3:21 AI And Other Billionaire Trends
6:02 What Industries Minted Billionaires?
7:02 Donald Trump's Net Worth
8:55 Who Are Newcomers To The List
11:30 Is The Economy Really Doing Well?
Read the full story on Forbes: www.forbes.com/billionaires
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[@raiderz4life50]

If there's 14 trillion dollars amongst billionaires, there should be no problems in the world 🌎

[@ohiunku]

US debt alone is $34 trillion and in 5 years half of every dollar raised in taxes will go to servicing the debt. $14 trillion is a drop in the Ocean.

[@scotthullinger4684]

If billionaires did not exist, then millionaires would not exist,
nor those who are worth merely hundreds of thousands exist -
The existence of billionaires in a capitalist society is partly what makes a nation rich over all.

[@kansashoneybadger7899]

Well, if all those dollars were evenly distributed to each person on Earth, there would be six months of euphora, then misery would return. Most people would blow the money quickly and be back where they were. A good share would drink it away or snuff it up their noses. Only a few people would invest the money wisely so that it promoted future growth in wealth. Many families would break up over money squabbles, now that they have money to squabble about.

[@tbphillips9649]

Bullshit

[@scotthullinger4684]

Good for the billionaires.
Seriously - Seriously - Seriously -
Good for the billionaires.
More power to them.

[@geraldlofton]

His audio is terrible

[@professor-dad]

I hope one of the billionaires or anybody really, will help this poor young man afford a podcast mic, so he won’t sound like he’s reporting from his bathtub.

[@MackMittenzTV]

I’ve watched several Forbes billionaire updates and when they mention Bernard Arnault they say he owns Louis Vuitton, Sephora. They don’t mention Moet & Hennessy… 🤔 can anyone help me understand? Just curious lol

[@kathyleach3048]

Trump's Truth Social lost $59 million.. The stock is in the negative today.

[@discoverayoutubechannelwit2510]

Kindergarten stuff😂😂😂😂😂😂😂

[@kathyleach3048]

So, billionaires even lost money during the Trump's presidency and the pandemic.

[@innerlocus]

Why haven't the world's billionaires solved the homeless problem?

[@mamellomolokwane1762]

Not their problem🤷🏾‍♂️

[@professor-dad]

It’s homeless people’s own fault if they’re too big to live in a LV bag. They should just pull themselves up by their Balenciagas.

[@tbphillips9649]

Why should they

[@samsonsoturian6013]

No one cares

[@mikedc]

Trump2024