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On last year’s Forbes list, there were only six tycoons who broke the record for having a fortune of more than 100 billion dollars.
The news is that this year’s list, published this Tuesday, includes 14 members of the exclusive club, which only includes those with a net worth of at least 12 figures.
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The Mexican tycoon Carlos Slimthe richest man in Latin America, was unable to join the exclusive group of so-called “one hundred millionaires” because his wealth was US$93 billion.
This time, however, he succeeded.
To get an idea of the magnitude of a US$100 billion fortune, just look at the size of a country’s Gross Domestic Product (GDP), that is, the sum of all the goods and services that a nation produces in a given country. . .anus.
Thus, the individual wealth of each of these 14 tycoons is greater than the GDP of countries such as Panama, Uruguay, Costa Rica or Bolivia.
Chase Peterson-Withorn, editor Senior Wealth magazine Forbes said it was an “incredible” year for the world’s richest people.
“Even in times of financial uncertainty for many, the super-rich continue to prosper,” he noted.
Forbes said there will be a record 2,781 billionaires in 2024, 141 more than the previous year and 26 more than the previous record in 2021.
The elite are richer than ever and accumulate a wealth of US$14.2 billion.
This is the list of the “14 Club”, the most exclusive group of tycoons on the planet, according to Forbes.
1. Bernard Arnault (France)
Net worth: $233 billion
For the second year in a row, Arnault is the richest person in the world. Arnault’s wealth grew 10% in 2023 thanks to another record year for his luxury conglomerate, LVMH, owner of Louis Vuitton, Christian Dior and Sephora.
2. Elon Musk (USA)
Net worth: $195 billion
As the ranking changes constantly, Musk has won and lost the title of “richest in the world” several times, as the valuation of SpaceX, Tesla and the social network X (formerly Twitter) evolves.
3. Jeff Bezos (USA)
Net worth: $194 billion
Bezos is much richer this year thanks to Amazon’s stellar stock market performance.
4. Mark Zuckerberg (USA)
Net worth: $177 billion
For the executive director of Goal, the waters are choppy. After the social media giant’s shares plunged 75% from their highest level in 2021, its value nearly tripled last year.
5. Larry Ellison (USA)
Net worth: $141 billion
Over the past year, shares of the technology company Oracle They rose more than 30%, increasing his fortune. Although he has stepped down as the company’s CEO, Ellison remains president, chief technology officer and its largest shareholder.
6. Warren Buffett (USA)
Net worth: US$133 billion.
Considered one of the most successful investors of all time, Buffett runs Berkshire Hathawaya conglomerate that owns dozens of companies, including insurance company Geico, battery maker Duracell and restaurant chain Dairy Queen.
Berkshire shares are at record levels, up 30% over the past year.
Net worth: US$128 billion.
The co-founder of Microsoft He was the richest person in the world for 18 of the 23 years from 1995 to 2017.
Despite his gigantic wealth, Gates fell on the list due to strong competition in the technology sector, a costly divorce in 2021 and his donations to charities, according to Forbes.
Net worth: US$121 billion.
The former Microsoft CEO led the company from 2000 to 2014, after the dot-com crisis. After retiring from Microsoft, Ballmer purchased the Los Angeles Clippers basketball team from the NBA (National Basketball Association), whose value has grown in recent years. Today it is the fifth most valuable team in the NBA.
Net worth: US$116 billion.
Ambani’s wealth grew substantially thanks to the rise in shares of his conglomerate, Trust Industries. The company has interests in petrochemicals, oil and gas, telecommunications, retail and financial services.
Net worth: US$114 billion.
Co-founder and board member of Alphabet, Google’s parent company. Together with Sergey Brin, they remain the largest individual shareholders of the technology giant.
Net worth: US$110 billion.
Co-founder and board member of Alphabet. Brin resigned as president of the company in December 2019, but remains the company’s majority shareholder along with Larry Page.
Net worth: US$106 billion.
Co-founder of media and financial information company Bloomberg L.P.. He currently owns 88% of the business. He was mayor of New York City for 12 years.
Net worth: US$103 billion.
His fortune increased last year thanks to a 43% rise in shares in his clothing company, Inditexwho manages the chain Zara. Its real estate portfolio includes logistics, residential and office properties, mainly in Europe and the United States.
Net worth: US$102 billion.
The businessman was the richest person in the world and still remains the richest in Latin America. His fortune has grown over the past year thanks to the rise in the Mexican peso and a 60% jump in the share price of his industrial conglomerate. Carso Group.
Slim and his family control América Móvil, the largest mobile telecommunications company in Latin America.
Over the past decade, the wealth of club members has increased by 255%, a much greater increase than that of the average billionaire.
As most fortunes are invested in financial markets, assets constantly rise and fall.
This is how Bill Gates briefly reached the “one hundred millionaire” mark in 1999, before his net worth almost halved during the dot-com crisis.
No one has been able to break the record again for nearly two decades, even when markets were making a lot of money just before the Great Recession of 2008-2009.
The story continued like this, until finally Jeff Bezos broke the mark again in 2017, becoming the second member of the $100 billion tycoon club, thanks to the market value of Amazon rose spectacularly.
And it was only in 2021 that Bezos was no longer alone at the top, when Elon Musk, Bernard Arnault and Bill Gates also reached the top.
These days, with mega-wealths rising around the world, joining the club is becoming more and more common.
Source: Elcomercio
I am Jack Morton and I work in 24 News Recorder. I mostly cover world news and I have also authored 24 news recorder. I find this work highly interesting and it allows me to keep up with current events happening around the world.
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