On April 2, 2024, global media company Forbes unveiled the 38th annual rating of the ultra-rich. The twenty business heavyweights possess a total wealth of $2.48 trillion.
Bernard Arnault, the kingpin of the Louis Vuitton Moët Hennessy business empire, has settled at the top rank for a second year straight. Despite global challenges and market jitters, luxury brands still enjoy buoyant demand. So, Bernard Arnault’s fortune has swollen to $223 billion.
High-tech entrepreneurs Elon Musk and Jeff Bezos currently occupy the second and third lines. Competing for leadership, they sometimes swap ranks.
Mark Zuckerberg dropped out of the top 10 a couple of years ago. However, he leapfrogged a dozen of his rivals, boasting the biggest one-year jump in revenue. Eventually, the high-tech mogul won the 4th rank as his net worth was estimated at $177 billion.
Oracle founder Larry Ellison was downgraded by one rank and placed on the 5th line. Warren Buffett, Bill Gates, and other business stars follow in the descending order.
To sum up, the US has again turned out to be the country with the most super-rich citizens.
