Forbes World’s Billionaires List 2024: The Top 200
Here are the wealthiest people on Forbes’ annual rich list.
What a year it’s been for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation. There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They’re richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021. Two-thirds of the list’s members are worth more than a year ago; only one fourth are poorer. Much of the gains come from the top 20, who added a combined $700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined $5.7 trillion. China remains second, with 473 (including Hong Kong) worth $1.7 trillion, despite weak consumer spending and a real estate bust that helped wipe out some $300 billion in wealth. India, which has 200 billionaires (also a record), ranks third. To calculate net worths, we used stock prices and exchange rates from March 8, 2024. See below for the full list of the world’s billionaires and our methodology. For daily updated net worths of all 2,781 billionaires, check out our real-time billionaires rankings.
Here are the 200 richest people in the world on the 2024 Forbes list.
INFORMATION IS AS OF MARCH 8, 2024.
1. Bernard Arnault & family
Net Worth: $233 Billion | Age: 75 | Country/Territory: France | Industry: Fashion & Retail
Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
2. Elon Musk
Net Worth: $195 Billion | Age: 52 | Country/Territory: United States | Industry: Automotive
Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.
3. Jeff Bezos
Net Worth: $194 Billion | Age: 60 | Country/Territory: United States | Industry: Technology
Jeff Bezos founded e-commerce giant Amazon in 1994 out of his Seattle garage.
4. Mark Zuckerberg
Net Worth: $177 Billion | Age: 39 | Country/Territory: United States | Industry: Technology
A 19-year-old Mark Zuckerberg started Facebook in 2004 for students to match names with photos of classmates.
5. Larry Ellison
Net Worth: $141 Billion | Age: 79 | Country/Territory: United States | Industry: Technology
Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle, of which he owns just under 40%.
6. Warren Buffett
Net Worth: $133 Billion | Age: 93 | Country/Territory: United States | Industry: Finance & Investments
Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time.
7. Bill Gates
Net Worth: $128 Billion | Age: 68 | Country/Territory: United States | Industry: Technology
Bill Gates diversified his fortune from software firm Microsoft into dozens of holdings, including waste disposal firm Republic Services and tractor maker Deere & Co.
8. Steve Ballmer
Net Worth: $121 Billion | Age: 68 | Country/Territory: United States | Industry: Technology
Steve Ballmer is the high-wattage former CEO of Microsoft, who led the company from 2000 to 2014.
9. Mukesh Ambani
Net Worth: $116 Billion | Age: 66 | Country/Territory: India | Industry: Diversified
Mukesh Ambani chairs and runs $110 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail and financial services.
10. Larry Page
Net Worth: $114 Billion | Age: 51 | Country/Territory: United States | Industry: Technology
Larry Page stepped down as CEO of Alphabet, the parent company of Google, in 2019 but remains a board member and a controlling shareholder.
11. Sergey Brin
Net Worth: $110 Billion | Age: 50 | Country/Territory: United States | Industry: Technology
Sergey Brin stepped down as president of Alphabet, parent company of Google, in December 2019 but remains a board member and a controlling shareholder.
12. Michael Bloomberg
Net Worth: $106 Billion | Age: 82 | Country/Territory: United States | Industry: Finance & Investments
Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981.
13. Amancio Ortega
Net Worth: $103 Billion | Age: 88 | Country/Territory: Spain | Industry: Fashion & Retail
Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world.
14. Carlos Slim Helu & family
Net Worth: $102 Billion | Age: 84 | Country/Territory: Mexico | Industry: Telecom
Mexico’s richest person, Carlos Slim Helú and his family control América Móvil, Latin America’s biggest mobile telecom firm.
15. Francoise Bettencourt Meyers & family
Net Worth: $99.5 Billion | Age: 70 | Country/Territory: France | Industry: Fashion & Retail
Francoise Bettencourt Meyers, the granddaughter of the founder of L’Oreal, is the richest woman in the world.
16. Michael Dell
Net Worth: $91 Billion | Age: 59 | Country/Territory: United States | Industry: Technology
Michael Dell is chairman and CEO of Dell Technologies, which formed in 2016 via Dell’s $60 billion merger with computer storage giant EMC.
17. Gautam Adani
Net Worth: $84 Billion | Age: 61 | Country/Territory: India | Industry: Diversified
Gautam Adani is chairman of the $32 billion (revenue) Adani Group, with interests in ports, airports, power generation and transmission, and green energy, among others.
18. Jim Walton & family
Net Worth: $78.4 Billion | Age: 75 | Country/Territory: United States | Industry: Fashion & Retail
Jim Walton is the youngest son of Walmart founder Sam Walton.
19. Rob Walton & family
Net Worth: $77.4 Billion | Age: 79 | Country/Territory: United States | Industry: Fashion & Retail
Rob Walton is the eldest son of Walmart founder Sam Walton.
20. Jensen Huang
Net Worth: $77 Billion | Age: 61 | Country/Territory: United States | Industry: Technology
Jensen Huang cofounded graphics-chip maker Nvidia in 1993, and has served as its CEO and president ever since.
21. Alice Walton
Net Worth: $72.3 Billion | Age: 74 | Country/Territory: United States | Industry: Fashion & Retail
Alice Walton is the only daughter of Walmart founder Sam Walton.
22. David Thomson & family
Net Worth: $67.8 Billion | Age: 66 | Country/Territory: Canada | Industry: Media & Entertainment
David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson.
23. Julia Koch & family
Net Worth: $64.3 Billion | Age: 61 | Country/Territory: United States | Industry: Diversified
Julia Koch and her three children inherited a 42% stake in Koch Industries from her husband, David, who died in 2019 at age 79.
24. Zhong Shanshan
Net Worth: $62.3 Billion | Age: 69 | Country/Territory: China | Industry: Food & Beverage
Zhong Shanshan is the founder and chairman of Nongfu Spring, a bottled water company that listed its shares in Hong Kong in September 2020.
25. Charles Koch & family
Net Worth: $58.5 Billion | Age: 88 | Country/Territory: United States | Industry: Diversified
Charles Koch has been chairman of Koch Industries, America’s second largest private company by revenue, since 1967. He brought on his first ever co-CEO in 2023.
26. Giovanni Ferrero
Net Worth: $43.8 Billion | Age: 59 | Country/Territory: Italy | Industry: Food & Beverage
Giovanni Ferrero is executive chairman of his family’s namesake confections business, which posted $18 billion sales in 2023.
27. Prajogo Pangestu
Net Worth: $43.4 Billion | Age: 79 | Country/Territory: Indonesia | Industry: Diversified
Son of a rubber trader, Prajogo Pangestu got his start in the timber business in the late 1970s.
27. Zhang Yiming
Net Worth: $43.4 Billion | Age: 40 | Country/Territory: China | Industry: Technology
Zhang Yiming is the main founder of Chinese tech giant ByteDance, best known for its insanely popular app TikTok, which has more than 1 billion users worldwide.
29. Tadashi Yanai & family
Net Worth: $42.8 Billion | Age: 75 | Country/Territory: Japan | Industry: Fashion & Retail
Tadashi Yanai built and runs Tokyo-listed retail clothing empire Fast Retailing, parent of the Uniqlo chain.
30. Phil Knight & family
Net Worth: $40.9 Billion | Age: 86 | Country/Territory: United States | Industry: Fashion & Retail
Phil Knight, cofounder of shoe giant Nike, retired as chairman in 2016 after 52 years at the company.
31. Mark Mateschitz
Net Worth: $39.6 Billion | Age: 31 | Country/Territory: Austria | Industry: Food & Beverage
Mark Mateschitz is the only child of the late Austrian billionaire Dietrich Mateschitz, who cofounded energy drink firm Red Bull in 1987.
32. Klaus-Michael Kuehne
Net Worth: $39.2 Billion | Age: 86 | Country/Territory: Germany | Industry: Logistics
Logistics magnate Klaus-Michael Kuehne is honorary chairman of Kuehne + Nagel International AG, based in Switzerland.
33. Colin Huang
Net Worth: $38.9 Billion | Age: 44 | Country/Territory: China | Industry: Technology
Colin Huang is the founder of PDD Holdings, the Chinese e-commerce company that changed its name from Pinduoduo in February 2023.
34. Stephen Schwarzman
Net Worth: $38.8 Billion | Age: 77 | Country/Territory: United States | Industry: Finance & Investments
The son of a dry goods store owner, Stephen Schwarzman founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985.
35. Jacqueline Mars
Net Worth: $38.5 Billion | Age: 84 | Country/Territory: United States | Industry: Food & Beverage
Jacqueline Mars owns an estimated one-third of Mars, the candy, food and pet care firm founded by her grandfather.
35. John Mars
Net Worth: $38.5 Billion | Age: 88 | Country/Territory: United States | Industry: Food & Beverage
John Mars and his siblings Jacqueline and Forrest Jr. (d. 2016) inherited stakes in the candy firm Mars when their father died in 1999.
37. Dieter Schwarz
Net Worth: $38 Billion | Age: 84 | Country/Territory: Germany | Industry: Fashion & Retail
Dieter Schwarz’s Schwarz Group, with revenue of over $160 billion, is comprised of the Kaufland and Lidl (rhymes with needle) discount supermarkets.
38. Li Ka-shing
Net Worth: $37.3 Billion | Age: 95 | Country/Territory: Hong Kong | Industry: Diversified
Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia.
39. Shiv Nadar
Net Worth: $36.9 Billion | Age: 78 | Country/Territory: India | Industry: Technology
Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors with five friends.
40. Alain Wertheimer
Net Worth: $36.8 Billion | Age: 75 | Country/Territory: France | Industry: Fashion & Retail
Alain Wertheimer is the chairman of Chanel, the French luxury brand.
40. Gerard Wertheimer
Net Worth: $36.8 Billion | Age: 73 | Country/Territory: France | Industry: Fashion & Retail
Gerard Wertheimer and his brother Alain own French luxury brand Chanel.
42. Ken Griffin
Net Worth: $36.4 Billion | Age: 55 | Country/Territory: United States | Industry: Finance & Investments
Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages $59 billion in assets.
43. MacKenzie Scott
Net Worth: $35.6 Billion | Age: 53 | Country/Territory: United States | Industry: Technology
MacKenzie Scott is a philanthropist, author and the ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. As part of their 2019 divorce, she received a 4% stake in the online retailer.
44. Thomas Peterffy
Net Worth: $34 Billion | Age: 79 | Country/Territory: United States | Industry: Finance & Investments
A digital trading pioneer, Thomas Peterffy chairs Interactive Brokers, which markets its specialized trading platform to sophisticated investors.
45. Reinhold Wuerth & family
Net Worth: $33.6 Billion | Age: 88 | Country/Territory: Germany | Industry: Manufacturing
Reinhold Wuerth entered his father’s wholesale screw business in 1949, at age 14, as the company’s second employee and first apprentice.
46. William Ding
Net Worth: $33.5 Billion | Age: 52 | Country/Territory: China | Industry: Technology
William Ding is the CEO of NetEase, one of the world’s largest online games companies.
46. Savitri Jindal & family
Net Worth: $33.5 Billion | Age: 74 | Country/Territory: India | Industry: Metals & Mining
Jindal Group, whose interests include steel, power, cement and infrastructure, is chaired by Savitri Jindal, widow of founder Om Prakash Jindal.
48. Gianluigi Aponte
Net Worth: $33.1 Billion | Age: 83 | Country/Territory: Switzerland | Industry: Logistics
Gianluigi Aponte and his wife Rafaela each own a 50% stake in MSC, the world’s largest shipping line.
48. Rafaela Aponte-Diamant
Net Worth: $33.1 Billion | Age: 79 | Country/Territory: Switzerland | Industry: Logistics
Rafaela Aponte-Diamant and her husband Gianluigi each own a 50% stake in MSC, the world’s largest shipping line.
50. Changpeng Zhao
Net Worth: $33 Billion | Age: 47 | Country/Territory: Canada | Industry: Finance & Investments
Changpeng Zhao, who goes by CZ, is the founder and former CEO of Binance, the largest cryptocurrency exchange in the world.
51. Masayoshi Son
Net Worth: $32.7 Billion | Age: 66 | Country/Territory: Japan | Industry: Finance & Investments
Masayoshi Son founded and runs investment giant SoftBank Group.
52. Len Blavatnik
Net Worth: $32.1 Billion | Age: 66 | Country/Territory: United States | Industry: Diversified
Born in Ukraine, raised north of Moscow, Len Blavatnik immigrated to the U.S. in 1978 with his family; he studied computer science at Columbia University and received an MBA from Harvard Business School.
53. Miriam Adelson & family
Net Worth: $32 Billion | Age: 78 | Country/Territory: United States | Industry: Gambling & Casinos
Miriam Adelson is the widow of Sheldon Adelson, the former CEO and chairman of casino company Las Vegas Sands, who died at 87 in 2021.
54. François Pinault & family
Net Worth: $31.6 Billion | Age: 87 | Country/Territory: France | Industry: Fashion & Retail
François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci.
55. Jim Simons
Net Worth: $31.4 Billion | Age: 85 | Country/Territory: United States | Industry: Finance & Investments
Jim Simons is the founder of Renaissance Technologies, an esteemed quantitative trading hedge fund firm that manages about $50 billion.
56. Gina Rinehart
Net Worth: $30.8 Billion | Age: 70 | Country/Territory: Australia | Industry: Metals & Mining
Australia’s richest citizen, Gina Rinehart built her wealth on iron ore.
57. Ma Huateng
Net Worth: $30.2 Billion | Age: 52 | Country/Territory: China | Industry: Technology
Ma Huateng (also known as Pony Ma) chairs Chinese internet giant Tencent Holdings.
58. Abigail Johnson
Net Worth: $29 Billion | Age: 62 | Country/Territory: United States | Industry: Finance & Investments
Abigail Johnson has served as CEO of Fidelity Investments since 2014, when she took over for her father, and has been chairman since 2016.
59. Vagit Alekperov
Net Worth: $28.6 Billion | Age: 73 | Country/Territory: Russia | Industry: Energy
A former Caspian Sea oil rig worker, Vagit Alekperov became a deputy minister overseeing the oil industry in the Soviet Union.
60. Eduardo Saverin
Net Worth: $28 Billion | Age: 42 | Country/Territory: Brazil | Industry: Technology
Eduardo Saverin cofounded Meta Platforms, formerly Facebook, with Harvard classmate Mark Zuckerberg in 2004.
60. Lukas Walton
Net Worth: $28 Billion | Age: 37 | Country/Territory: United States | Industry: Fashion & Retail
Lukas Walton is a grandson of Walmart founder Sam Walton; he’s an investor in businesses tackling environmental and social challenges.
62. Germán Larrea Mota Velasco & family
Net Worth: $27.9 Billion | Age: 70 | Country/Territory: Mexico | Industry: Metals & Mining
Germán Larrea Mota Velasco owns the majority of Mexico’s largest copper mining company, Grupo México, which also has operations in Perú and the U.S.
63. Lee Shau Kee
Net Worth: $27.7 Billion | Age: 96 | Country/Territory: Hong Kong | Industry: Real Estate
Lee Shau Kee cofounded property developer Sun Hung Kai with Kwok Tak-Seng, the late father of Hong Kong’s billionaire Kwok brothers.
64. Jeff Yass
Net Worth: $27.6 Billion | Age: 65 | Country/Territory: United States | Industry: Finance & Investments
Jeff Yass is a cofounder of Susquehanna International Group, one of Wall Street’s largest and most successful trading firms.
65. Andrea Pignataro
Net Worth: $27.5 Billion | Age: 53 | Country/Territory: Italy | Industry: Finance & Investments
Andrea Pignataro is the founder and CEO of ION Group, a London-based financial data and technology firm.
66. Low Tuck Kwong
Net Worth: $27.4 Billion | Age: 75 | Country/Territory: Indonesia | Industry: Energy
Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia.
66. Leonid Mikhelson & family
Net Worth: $27.4 Billion | Age: 68 | Country/Territory: Russia | Industry: Energy
Leonid Mikhelson is the founder and chairman of natural gas producer Novatek.
68. Stefan Quandt
Net Worth: $27.3 Billion | Age: 57 | Country/Territory: Germany | Industry: Automotive
Stefan Quandt owns 23.6% of automaker BMW; his sister, Susanne Klatten, the richest woman in Germany, owns 19.1%.
69. Dilip Shanghvi
Net Worth: $26.7 Billion | Age: 68 | Country/Territory: India | Industry: Healthcare
The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs.
70. Vladimir Lisin
Net Worth: $26.6 Billion | Age: 67 | Country/Territory: Russia | Industry: Metals & Mining
Vladimir Lisin is chairman of NLMK Group, a leading manufacturer of steel products.
71. R. Budi Hartono
Net Worth: $26.5 Billion | Age: 83 | Country/Territory: Indonesia | Industry: Finance & Investments
R. Budi Hartono and his brother, Michael (whose fortune is listed separately), are among the richest in Indonesia.
71. Susanne Klatten
Net Worth: $26.5 Billion | Age: 61 | Country/Territory: Germany | Industry: Automotive
Susanne Klatten owns about 19% of automaker BMW; her brother, Stefan Quandt, owns nearly 24%.
73. Thomas Frist Jr & family
Net Worth: $26.2 Billion | Age: 85 | Country/Territory: United States | Industry: Healthcare
Thomas Frist Jr., a former Air Force flight surgeon, founded Hospital Corp. of America with his father in 1968.
73. Daniel Gilbert
Net Worth: $26.2 Billion | Age: 62 | Country/Territory: United States | Industry: Finance & Investments
Dan Gilbert cofounded what would become Quicken Loans, the largest mortgage lender in the U.S., in 1985 at 22 years old.
75. Iris Fontbona & family
Net Worth: $25.7 Billion | Age: 81 | Country/Territory: Chile | Industry: Metals & Mining
Iris Fontbona is the widow of Andrónico Luksic, who built a fortune in mining and beverages before dying of cancer in 2005.
76. Emmanuel Besnier
Net Worth: $25.5 Billion | Age: 53 | Country/Territory: France | Industry: Food & Beverage
Emmanuel Besnier is the controlling shareholder of family-held Lactalis, the world’s largest dairy conglomerate, with more than $30 billion in annual revenues.
76. Michael Hartono
Net Worth: $25.5 Billion | Age: 84 | Country/Territory: Indonesia | Industry: Manufacturing
Michael “Bambang” Hartono and his brother R. Budi are among the richest in Indonesia.
76. Alexey Mordashov & family
Net Worth: $25.5 Billion | Age: 58 | Country/Territory: Russia | Industry: Metals & Mining
Alexey Mordashov is the majority shareholder in steel company Severstal, which he ran as CEO for 19 years before resigning in 2015.
79. John Menard Jr
Net Worth: $25.2 Billion | Age: 84 | Country/Territory: United States | Industry: Fashion & Retail
John Menard’s home improvement retailer Menards brings in an estimated $13 billion in sales from more than 300 stores.
80. He Xiangjian & family
Net Worth: $25.1 Billion | Age: 81 | Country/Territory: China | Industry: Manufacturing
Entrepreneur He Xiangjian built Midea Group into one of the world’s largest appliance makers.
81. Jack Ma
Net Worth: $24.5 Billion | Age: 59 | Country/Territory: China | Industry: Technology
A former English teacher, Jack Ma cofounded Alibaba Group, now one of the world’s largest e-commerce businesses, in 1999.
81. Elaine Marshall & family
Net Worth: $24.5 Billion | Age: 81 | Country/Territory: United States | Industry: Diversified
Elaine Marshall owns an estimated 16% of $125 billion (2022 sales) conglomerate Koch Industries with her two sons.
83. Autry Stephens
Net Worth: $24.3 Billion | Age: 86 | Country/Territory: United States | Industry: Energy
Oil tycoon Autry Stephens started a sole proprietor business in Texas and drilled his first well in 1979.
84. Eyal Ofer
Net Worth: $24 Billion | Age: 73 | Country/Territory: Israel | Industry: Diversified
Eyal Ofer is the chairman of the Monaco-based Ofer Global, active in shipping, real estate, technology, banking, energy and other investments.
85. Vladimir Potanin
Net Worth: $23.7 Billion | Age: 63 | Country/Territory: Russia | Industry: Metals & Mining
Vladimir Potanin acquired a stake in Norilsk Nickel during Russia’s privatization in 1995; today he owns just over a third of the company.
86. Gennady Timchenko
Net Worth: $23.4 Billion | Age: 71 | Country/Territory: Russia | Industry: Energy
Gennady Timchenko has stakes in various Russian businesses, including gas company Novatek and petrochemical producer Sibur Holding.
87. Takemitsu Takizaki
Net Worth: $23.1 Billion | Age: 78 | Country/Territory: Japan | Industry: Manufacturing
Takemitsu Takizaki is the founder of Keyence, a supplier of sensors and electronic components for factory automation systems.
88. Vinod Adani
Net Worth: $23 Billion | Age: 75 | Country/Territory: Cyprus | Industry: Diversified
Vinod Adani is the older brother of Gautam Adani, who was at one point, the world’s third richest person.
89. Robin Zeng
Net Worth: $22.9 Billion | Age: 55 | Country/Territory: Hong Kong | Industry: Automotive
Robin Zeng is the founder and chairman of Contemporary Amperex Technology (CATL), one of the world’s largest suppliers of batteries for electric vehicles.
90. Cyrus Poonawalla
Net Worth: $21.3 Billion | Age: 82 | Country/Territory: India | Industry: Healthcare
Son of a horse breeder, Cyrus Poonawalla founded Serum Institute of India in 1966 and built it into the world’s largest vaccine maker (by doses).
91. Andrey Melnichenko & family
Net Worth: $21.1 Billion | Age: 52 | Country/Territory: Russia | Industry: Metals & Mining Industrialist
Andrey Melnichenko is the founder of fertilizer producer Eurochem and coal energy company SUEK.
92. Diane Hendricks
Net Worth: $20.9 Billion | Age: 77 | Country/Territory: United States | Industry: Construction & Engineering
Diane Hendricks chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America.
92. Kushal Pal Singh
Net Worth: $20.9 Billion | Age: 92 | Country/Territory: India | Industry: Real Estate
Property baron Kushal Pal Singh left an army posting in 1961 to join DLF, a company started by his father-in-law in 1946.
94. Vicky Safra & family
Net Worth: $20.6 Billion | Age: 71 | Country/Territory: Brazil | Industry: Finance & Investments
Vicky Safra and her four adult children inherited their fortune from her late husband and their father, banker Joseph Safra, who died in December 2020.
94. Eric Schmidt
Net Worth: $20.6 Billion | Age: 68 | Country/Territory: United States | Industry: Technology
Eric Schmidt left the board of Google parent company Alphabet in June 2019 after 18 years; he stayed on as a technical advisor until February 2020.
94. David Tepper
Net Worth: $20.6 Billion | Age: 66 | Country/Territory: United States | Industry: Finance & Investments
David Tepper, arguably the greatest hedge fund manager of his generation, founded Appaloosa Management in 1993.
97. Steve Cohen
Net Worth: $19.8 Billion | Age: 67 | Country/Territory: United States | Industry: Finance & Investments
Steve Cohen oversees Point72 Asset Management, a $30.6 billion hedge fund firm that started managing outside capital in 2018.
98. Kumar Birla
Net Worth: $19.7 Billion | Age: 56 | Country/Territory: India | Industry: Diversified
Commodities king Kumar Birla is the fourth generation head of the storied, $65 billion (revenue) Aditya Birla Group. More than half is generated outside India, where it has a presence in 41 countries.
99. Rick Cohen & family
Net Worth: $19.6 Billion | Age: 71 | Country/Territory: United States | Industry: Technology
Rick Cohen is owner and executive chairman of C&S Wholesale Grocers, the nation’s largest grocery wholesaler, with $33 billion in annual revenue.
100. Rupert Murdoch & family
Net Worth: $19.5 Billion | Age: 93 | Country/Territory: United States | Industry: Media & Entertainment
Rupert Murdoch built a media empire that includes cable channel Fox News, The Times of London and The Wall Street Journal. He stepped down as chairman in September 2023.
101. Andrew Forrest & family
Net Worth: $19 Billion | Age: 62 | Country/Territory: Australia | Industry: Metals & Mining
Andrew Forrest founded Fortescue Metals Group in 2003. It’s an iron ore giant which is now transforming itself into a green energy powerhouse.
102. Harold Hamm & family
Net Worth: $18.5 Billion | Age: 78 | Country/Territory: United States | Industry: Energy
Fracking pioneer Harold Hamm founded and chairs Continental Resources, one of the nation’s biggest independent oil companies.
103. Dustin Moskovitz
Net Worth: $18.3 Billion | Age: 39 | Country/Territory: United States | Industry: Technology
Dustin Moskovitz helped launch Facebook in 2004 with then-roommate Mark Zuckerberg from their Harvard dorm.
104. Donald Bren
Net Worth: $18 Billion | Age: 91 | Country/Territory: United States | Industry: Real Estate
Donald Bren is America’s wealthiest real estate baron.
104. Renata Kellnerova & family
Net Worth: $18 Billion | Age: 56 | Country/Territory: Czech Republic | Industry: Finance & Investments
Renata Kellnerova is the widow of Petr Kellner, the former richest person in the Czech Republic, who died in March 2021 at age 56.
104. Michael Platt
Net Worth: $18 Billion | Age: 56 | Country/Territory: United Kingdom | Industry: Finance & Investments
Michael Platt is the cofounder and CEO of BlueCrest Capital Management, which he started in late 2000 after nearly a decade at JP Morgan.
107. Radhakishan Damani
Net Worth: $17.6 Billion | Age: 69 | Country/Territory: India | Industry: Fashion & Retail
Veteran Mumbai investor Radhakishan Damani became India’s retail king after the March 2017 IPO of his supermarket chain Avenue Supermarts.
108. John Fredriksen
Net Worth: $16.9 Billion | Age: 79 | Country/Territory: Cyprus | Industry: Logistics
John Fredriksen’s empire includes oil tankers, dry bulkers, LNG carriers and deepwater drilling rigs.
109. Eric Li
Net Worth: $16.8 Billion | Age: 60 | Country/Territory: China | Industry: Automotive
Eric Li, also known as Li Shufu, is chairman of Geely Automobile Holdings, one of China’s largest automakers and one of the few not controlled by the state.
110. Stefan Persson
Net Worth: $16.6 Billion | Age: 76 | Country/Territory: Sweden | Industry: Fashion & Retail
Stefan Persson is Sweden’s richest person by way of global cheap chic fashion retailer H&M, of which he owns 36%.
111. James Ratcliffe
Net Worth: $16.5 Billion | Age: 71 | Country/Territory: United Kingdom | Industry: Manufacturing
Former chemical engineer James Ratcliffe is the founder, chairman and majority owner of $68 billion (2022 revenue) chemical powerhouse Ineos Group.
111. Harry Triguboff
Net Worth: $16.5 Billion | Age: 91 | Country/Territory: Australia | Industry: Real Estate
Harry Triguboff is one of Australia’s richest people. Born in Dalian, China to Russian parents, he came to Australia as a teenager.
113. Jorge Paulo Lemann & family
Net Worth: $16.4 Billion | Age: 84 | Country/Territory: Brazil | Industry: Food & Beverage
Jorge Paulo Lemann started in investment banking and later became a controlling shareholder of Anheuser-Busch InBev, the world’s largest brewer.
113. Lakshmi Mittal
Net Worth: $16.4 Billion | Age: 73 | Country/Territory: India | Industry: Metals & Mining
Lakshmi Mittal serves as chairman of $68 billion (revenue) ArcelorMittal, the world’s largest steel and mining company by output.
115. Ravi Jaipuria
Net Worth: $16.2 Billion | Age: 69 | Country/Territory: India | Industry: Food & Beverage
India’s cola king, Ravi Jaipuria, presides over RJ Corp. which is into everything from beverages and fast food to healthcare and education.
115. Stanley Kroenke
Net Worth: $16.2 Billion | Age: 76 | Country/Territory: United States | Industry: Sports
Stan Kroenke is a real estate and sports mogul with an international portfolio.
117. Jan Koum
Net Worth: $16.1 Billion | Age: 48 | Country/Territory: United States | Industry: Technology
Jan Koum cofounded WhatsApp, now the world’s biggest mobile messaging service, in 2009.
118. Karl Albrecht Jr. & family
Net Worth: $15.9 Billion | Age: 76 | Country/Territory: Germany | Industry: Fashion & Retail
Heir to the Aldi retail fortune, Karl Albrecht Jr. is the son of Karl Albrecht Sr., who died in 2014 at age 94. His sister, Beate Heister, is also a billionaire.
118. Beate Heister
Net Worth: $15.9 Billion | Age: 73 | Country/Territory: Germany | Industry: Fashion & Retail
Heir to the Aldi retail fortune, Beate Heister, is the daughter of Karl Albrecht Sr., who died in 2014 at age 94. Her brother, Karl Albrecht Jr., is also a billionaire.
120. Idan Ofer
Net Worth: $15.8 Billion | Age: 68 | Country/Territory: Israel | Industry: Diversified
Idan Ofer is one of two sons of shipping magnate Sammy Ofer, who died in 2011 and was once Israel’s richest man.
121. Nicolas Puech
Net Worth: $15.6 Billion | Age: 81 | Country/Territory: France | Industry: Fashion & Retail
Nicolas Puech is a fifth-generation descendant of Thierry Hermes, who founded one of Paris’s most famous luxury fashion brands.
122. Pavel Durov
Net Worth: $15.5 Billion | Age: 39 | Country/Territory: United Arab Emirates | Industry: Technology
Pavel Durov is the founder and owner of messaging app Telegram, which has more than 700 million monthly active users worldwide.
122. Qin Yinglin
Net Worth: $15.5 Billion | Age: 58 | Country/Territory: China | Industry: Food & Beverage
Qin Yinglin is the chairman and CEO of Muyuan Foods, one of China’s largest pig breeder and pork producers.
124. Ray Dalio
Net Worth: $15.4 Billion | Age: 74 | Country/Territory: United States | Industry: Finance & Investments
Ray Dalio is the founder of the world’s biggest hedge fund firm, Bridgewater Associates, which manages $124 billion.
125. Philip Anschutz
Net Worth: $15.3 Billion | Age: 84 | Country/Territory: United States | Industry: Finance & Investments
Over five decades, Philip Anschutz has built fortunes in oil, railroads, telecom, real estate and entertainment.
126. Leonard Lauder
Net Worth: $15.1 Billion | Age: 91 | Country/Territory: United States | Industry: Fashion & Retail
Leonard Lauder spent three decades running his family’s publicly traded cosmetics giant, Estée Lauder.
126. Li Xiting
Net Worth: $15.1 Billion | Age: 73 | Country/Territory: Singapore | Industry: Healthcare
Li is cofounder and chairman of Shenzhen Mindray Bio-Medical Electronics, a supplier of medical devices.
126. Peter Woo
Net Worth: $15.1 Billion | Age: 77 | Country/Territory: Hong Kong | Industry: Real Estate
Peter Woo was chairman of property developer Wheelock & Co. and its main subsidiary, Wharf Holdings, before stepping down in 2015.
129. Andreas von Bechtolsheim & family
Net Worth: $14.8 Billion | Age: 68 | Country/Territory: Germany | Industry: Technology
Andreas “Andy” von Bechtolsheim is cofounder, chairman and chief development officer of network switching company Arista Networks.
130. George Kaiser
Net Worth: $14.6 Billion | Age: 81 | Country/Territory: United States | Industry: Energy
George Kaiser took over his family’s Kaiser-Francis Oil Company in the 1960s.
131. Wang Chuanfu
Net Worth: $14.2 Billion | Age: 58 | Country/Territory: China | Industry: Automotive
Wang Chuanfu has led BYD to become the world’s largest EV company by sales, overtaking Tesla in 2022 and accounting for 21% of the global market today.
132. Charlene de Carvalho-Heineken & family
Net Worth: $14.1 Billion | Age: 69 | Country/Territory: Netherlands | Industry: Food & Beverage
Charlene de Carvalho-Heineken is one of the richest women in the world, thanks to her nearly 24% stake in beer giant Heineken.
132. David Duffield
Net Worth: $14.1 Billion | Age: 83 | Country/Territory: United States | Industry: Technology
David Duffield cofounded not just one, but two successful enterprise software companies after age 40: PeopleSoft and Workday.
132. Henry Samueli
Net Worth: $14.1 Billion | Age: 69 | Country/Territory: United States | Industry: Technology
Henry Samueli is cofounder and chairman of chipmaker Broadcom.
135. Theo Albrecht Jr & family
Net Worth: $14 Billion | Age: 73 | Country/Territory: Germany | Industry: Fashion & Retail
Theo Albrecht Jr. and the heirs of his brother, Berthold, inherited one of the world’s great retail fortunes.
135. Leon Black
Net Worth: $14 Billion | Age: 72 | Country/Territory: United States | Industry: Finance & Investments
Leon Black is the cofounder of private equity behemoth Apollo Global Management, which manages $600 billion in assets.
137. Jerry Jones
Net Worth: $13.8 Billion | Age: 81 | Country/Territory: United States | Industry: Sports
Jerry Jones, co-captain of the University of Arkansas 1964 national championship team, has long had football in his blood.
137. Wang Wei
Net Worth: $13.8 Billion | Age: 53 | Country/Territory: China | Industry: Service
Wang Wei chairs S.F. Holding, the package delivery giant known for its SF Express brand.
139. David Green & family
Net Worth: $13.7 Billion | Age: 82 | Country/Territory: United States | Industry: Fashion & Retail
A preacher’s son from a poor background, Hobby Lobby founder David Green opened his first crafts shop in 1970 with a $600 loan.
140. James Dyson
Net Worth: $13.6 Billion | Age: 76 | Country/Territory: United Kingdom | Industry: Manufacturing
Frustrated with his family’s vacuum, Dyson set out to invent a better version in 1978 using a cyclone to lift dirt.
140. David Sun
Net Worth: $13.6 Billion | Age: 72 | Country/Territory: United States | Industry: Technology
David Sun cofounded and helps run Kingston Technology, which makes storage and memory products, as COO from a cubicle on the sales floor.
140. John Tu
Net Worth: $13.6 Billion | Age: 82 | Country/Territory: United States | Industry: Technology
Kingston Technology CEO John Tu runs the firm, which makes storage and memory products, from a cubicle on sales floor.
140. Christy Walton
Net Worth: $13.6 Billion | Age: 75 | Country/Territory: United States | Industry: Fashion & Retail
Christy Walton married into what is now the richest family in the world: Walmart’s Walton clan.
144. Dang Yanbao
Net Worth: $13.4 Billion | Age: 51 | Country/Territory: China | Industry: Metals & Mining
Dang Yanbao chairs Ningxia Baofeng Energy Group, a supplier of coal chemical products.
144. Aliko Dangote
Net Worth: $13.4 Billion | Age: 66 | Country/Territory: Nigeria | Industry: Manufacturing
Aliko Dangote, Africa’s richest person, founded and chairs Dangote Cement, the continent’s largest cement producer.
144. Ricardo Salinas Pliego & family
Net Worth: $13.4 Billion | Age: 68 | Country/Territory: Mexico | Industry: Fashion & Retail
Ricardo Salinas Pliego runs the number two Mexican TV broadcaster, TV Azteca, and retailer Grupo Elektra.
144. Alisher Usmanov
Net Worth: $13.4 Billion | Age: 70 | Country/Territory: Russia | Industry: Metals & Mining
An early Facebook investor and metals magnate, Alisher Usmanov was hit with U.S., U.K. and EU sanctions in the wake of Russia’s invasion of Ukraine.
148. Mike Cannon-Brookes
Net Worth: $13.3 Billion | Age: 44 | Country/Territory: Australia | Industry: Technology
Mike Cannon-Brookes is cofounder and co-CEO of collaboration software firm Atlassian, based in Sydney.
148. Uday Kotak
Net Worth: $13.3 Billion | Age: 65 | Country/Territory: India | Industry: Finance & Investments
Spurning his family’s trading business, Uday Kotak started a finance firm in 1985 then went on to convert it into a bank in 2003.
150. Mikhail Fridman
Net Worth: $13.1 Billion | Age: 59 | Country/Territory: Russia | Industry: Energy
Mikhail Fridman, cofounder of Alfa Bank, Russia’s largest non-state bank, was hit with sanctions after Russia invaded Ukraine.
150. Joseph Lau
Net Worth: $13.1 Billion | Age: 72 | Country/Territory: Hong Kong | Industry: Real Estate
Joseph Lau is the former chairman of property developer Chinese Estates, most of which he acquired in 1986.
152. Scott Farquhar
Net Worth: $13 Billion | Age: 44 | Country/Territory: Australia | Industry: Technology
Scott Farquhar is cofounder and co-CEO of collaboration software company Atlassian, based in Sydney, Australia.
153. Laurene Powell Jobs & family
Net Worth: $12.8 Billion | Age: 60 | Country/Territory: United States | Industry: Technology
Laurene Powell Jobs inherited her fortune—mostly through shares of Walt Disney and Apple—from her late husband, Apple cofounder Steve Jobs, who died in 2011.
154. Goh Cheng Liang
Net Worth: $12.7 Billion | Age: 96 | Country/Territory: Singapore | Industry: Manufacturing
Goh Cheng Liang gets the bulk of his wealth from a majority stake in Japan’s Nippon Paint Holdings, the world’s fourth-largest paint manufacturer by revenue.
154. George Roberts
Net Worth: $12.7 Billion | Age: 80 | Country/Territory: United States | Industry: Finance & Investments
George Roberts cofounded private equity giant KKR with Henry Kravis; in October 2021 the two men gave up their co-CEO titles; both serve as executive co-chairs of the firm.
156. David Cheriton
Net Worth: $12.6 Billion | Age: 73 | Country/Territory: Canada | Industry: Technology
“Professor Billionaire” David Cheriton, who is professor emeritus at Stanford University, made his fortune thanks to an early investment in Google.
156. Jeffery Hildebrand
Net Worth: $12.6 Billion | Age: 65 | Country/Territory: United States | Industry: Energy
Jeffrey Hildebrand cofounded Hilcorp in 1990; he later bought out his partner for $500 million.
156. Georg Stumpf
Net Worth: $12.6 Billion | Age: 51 | Country/Territory: Austria | Industry: Diversified
Austrian builder and investor Georg Stumpf started the Stumpf Group in 1994 with a $35,000 loan from his father.
159. Dhanin Chearavanont
Net Worth: $12.5 Billion | Age: 84 | Country/Territory: Thailand | Industry: Diversified
Dhanin Chearavanont is senior chairman of Charoen Pokphand Group, one of the world’s largest producers of animal feed and livestock.
159. Anders Holch Povlsen
Net Worth: $12.5 Billion | Age: 51 | Country/Territory: Denmark | Industry: Fashion & Retail
Fashion maven Anders Holch Povlsen’s fortune stems primarily from his nearly $4 billion (sales) retailer Bestseller.
161. Israel Englander
Net Worth: $12.4 Billion | Age: 75 | Country/Territory: United States | Industry: Finance & Investments
Israel Englander founded Millennium Management in 1989 with $35 million. Now, the hedge fund firm manages $58 billion.
162. Shahid Khan
Net Worth: $12.2 Billion | Age: 73 | Country/Territory: United States | Industry: Automotive
Shahid Khan is the owner of auto parts supplier Flex-N-Gate and the NFL’s Jacksonville Jaguars.
162. Johann Rupert & family
Net Worth: $12.2 Billion | Age: 73 | Country/Territory: South Africa | Industry: Fashion & Retail
Johann Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont.
164. Hasso Plattner & family
Net Worth: $12.1 Billion | Age: 80 | Country/Territory: Germany | Industry: Technology
Hasso Plattner and four colleagues left IBM in 1972 to launch German enterprise software company SAP, which went public in 1988.
165. Kwong Siu-hing
Net Worth: $12 Billion | Age: 94 | Country/Territory: Hong Kong | Industry: Real Estate
Kwong Siu-hing is the widow of Sun Hung Kai Properties cofounder Kwok Tak-seng, who died in 1990.
165. Azim Premji
Net Worth: $12 Billion | Age: 78 | Country/Territory: India | Industry: Technology
Indian tech magnate Azim Premji’s $11.3 billion (revenue) Wipro is among India’s largest software services providers.
167. Henry Nicholas III
Net Worth: $11.9 Billion | Age: 64 | Country/Territory: United States | Industry: Technology
Henry Nicholas III and business partner Henry Samueli cofounded fabless semiconductor firm Broadcom in 1991 in a Redondo Beach, Calif. condominium.
168. Edward Johnson IV
Net Worth: $11.8 Billion | Age: 59 | Country/Territory: United States | Industry: Finance & Investments
Edward Johnson IV is the grandson of Edward Johnson II, who founded Fidelity Investments in 1946.
169. John Doerr
Net Worth: $11.7 Billion | Age: 72 | Country/Territory: United States | Industry: Finance & Investments
Investor John Doerr is chairman of venture capital firm Kleiner Perkins.
169. Henry Kravis
Net Worth: $11.7 Billion | Age: 80 | Country/Territory: United States | Industry: Finance & Investments
Henry Kravis and George Roberts, cofounders of private equity firm KKR, gave up their co-CEO titles in October 2021; both serve as executive co-chairs.
169. Eric Smidt
Net Worth: $11.7 Billion | Age: 64 | Country/Territory: United States | Industry: Fashion & Retail
Eric Smidt is CEO of $6.5 billion (sales) Harbor Freight Tools, a home improvement retailer that has over 1,300 stores.
172. Lu Xiangyang
Net Worth: $11.6 Billion | Age: 61 | Country/Territory: China | Industry: Automotive
Lu Xiangyang was working at a local branch of the People’s Bank of China in 1995 when he teamed up with his cousin Wang Chuanfu to start BYD, then a battery maker.
173. Andrew Beal
Net Worth: $11.5 Billion | Age: 71 | Country/Territory: United States | Industry: Finance & Investments
Andrew Beal is the founder and owner of Beal Financial Corporation, which owns Beal Bank and has assets of more than $40 billion.
173. Jay Y. Lee
Net Worth: $11.5 Billion | Age: 55 | Country/Territory: South Korea | Industry: Technology
Jay Y. Lee is the executive chairman of Samsung Electronics and leader of the country’s biggest conglomerate. He was appointed to the role in October 2022, which had been left vacant since the death of his father in 2020.
173. Michael Rubin
Net Worth: $11.5 Billion | Age: 51 | Country/Territory: United States | Industry: Fashion & Retail
Michael Rubin is the founder and CEO of online sports merchandising retailer Fanatics.
176. Robert Kuok
Net Worth: $11.4 Billion | Age: 100 | Country/Territory: Malaysia | Industry: Diversified
Robert Kuok is the richest man in Malaysia. He owns Kuok group, which has interests in hotels, real estate and commodities.
177. Giorgio Armani
Net Worth: $11.3 Billion | Age: 89 | Country/Territory: Italy | Industry: Fashion & Retail
A living legend in the fashion world, Giorgio Armani brought softened, minimalist style to high-end menswear.
177. Jay Chaudhry
Net Worth: $11.3 Billion | Age: 64 | Country/Territory: United States | Industry: Technology
Jay Chaudhry is CEO of Zscaler, a cybersecurity firm he founded in 2008. It went public in March 2018.
177. Charoen Sirivadhanabhakdi
Net Worth: $11.3 Billion | Age: 79 | Country/Territory: Thailand | Industry: Food & Beverage
Son of a Bangkok street vendor, Charoen Sirivadhanabhakdi controls Thai Beverage, Thailand’s largest brewer, known for its Chang beer.
180. Brian Armstrong
Net Worth: $11.2 Billion | Age: 41 | Country/Territory: United States | Industry: Finance & Investments
Brian Armstrong is the chief executive of Coinbase, the largest cryptocurrency exchange in the United States.
180. Ernesto Bertarelli
Net Worth: $11.2 Billion | Age: 58 | Country/Territory: Switzerland | Industry: Healthcare
Ernesto Bertarelli inherited biotech giant Serono, maker of the multiple sclerosis drug Rebif, following his father’s death in 1998.
180. Bubba Cathy
Net Worth: $11.2 Billion | Age: 69 | Country/Territory: United States | Industry: Food & Beverage
Bubba Cathy and his brother, Dan, run fast-food juggernaut Chick-fil-A, the fried chicken chain founded by their father, Truett (d. 2014), in 1967.
180. Dan Cathy
Net Worth: $11.2 Billion | Age: 71 | Country/Territory: United States | Industry: Food & Beverage
Fried chicken billionaire Dan Cathy is chairman of Chick-fil-A, the fast-food juggernaut his father, Truett Cathy (d. 2014), founded in 1967.
180. Trudy Cathy White
Net Worth: $11.2 Billion | Age: 68 | Country/Territory: United States | Industry: Food & Beverage
Trudy Cathy White is the only daughter of Truett Cathy (d. 2014), the founder of Chick-fil-A.
180. Lui Che Woo
Net Worth: $11.2 Billion | Age: 95 | Country/Territory: Hong Kong | Industry: Gambling & Casinos
Lui Che Woo chairs Macau casino operator Galaxy Entertainment Group and property developer K. Wah International Holdings, both listed in Hong Kong.
180. Wei Jianjun & family
Net Worth: $11.2 Billion | Age: 60 | Country/Territory: China | Industry: Automotive
Wei Jianjun leads China’s largest SUV manufacturer, Great Wall Motor.
180. Sky Xu
Net Worth: $11.2 Billion | Age: 40 | Country/Territory: China | Industry: Fashion & Retail
Sky Xu founded Shein in 2012 and has turned it into a fast-fashion phenomenon with Gen Z, selling trendy clothes in more than 150 countries.
188. Melinda French Gates
Net Worth: $11.1 Billion | Age: 59 | Country/Territory: United States | Industry: Technology
Melinda French Gates is one of the most powerful women in philanthropy, as co-chair of the Bill and Melinda Gates Foundation.
188. Robert Kraft
Net Worth: $11.1 Billion | Age: 82 | Country/Territory: United States | Industry: Sports
Robert Kraft bought the New England Patriots for $172 million in 1994; the team is now worth about $6 billion and has won six Super Bowl rings.
190. Brian Chesky
Net Worth: $11 Billion | Age: 42 | Country/Territory: United States | Industry: Technology
Brian Chesky cofounded peer-to-peer room and home rental company Airbnb with Nathan Blecharczyk and Joe Gebbia in 2008; Chesky is CEO.
190. Barry Lam
Net Worth: $11 Billion | Age: 74 | Country/Territory: Taiwan | Industry: Technology
Barry Lam is the founder and chairman of Quanta Computer, one of the world’s largest manufacturers of notebook computers and other electronics.
190. Donald Newhouse
Net Worth: $11 Billion | Age: 94 | Country/Territory: United States | Industry: Media & Entertainment
Donald Newhouse and his late brother, Samuel “Si” inherited the publishing and broadcasting empire Advance Publications decades ago.
190. Mikhail Prokhorov
Net Worth: $11 Billion | Age: 58 | Country/Territory: Russia | Industry: Finance & Investments
Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets to Alibaba executive Joseph Tsai in a $2.3 billion deal in 2018.
190. Manuel Villar
Net Worth: $11 Billion | Age: 74 | Country/Territory: Philippines | Industry: Real Estate
Manuel Villar chairs property developer Vista Land & Lifescapes run by his son Manuel Paolo. The company listed VistaREIT, a real estate investment trust, in June 2022 with an initial portfolio of 10 shopping malls and two office towers.1
195. Jiang Rensheng & family
Net Worth: $10.9 Billion | Age: 70 | Country/Territory: China | Industry: Healthcare
Jiang Rensheng chairs Shenzhen-listed vaccine firm Chongqing Zhifei Biological Products.
195. Lei Jun
Net Worth: $10.9 Billion | Age: 54 | Country/Territory: China | Industry: Technology
Lei Jun is the cofounder and chairman of Hong Kong-listed Xiaomi, one of the world’s most popular smartphone brands.
195. Georg Schaeffler
Net Worth: $10.9 Billion | Age: 59 | Country/Territory: Germany | Industry: Automotive
Georg Schaeffler and his mother, Maria-Elisabeth, own Schaeffler Group, one of the world’s largest producers of ball bearings and machine components.
195. Marcel Herrmann Telles & family
Net Worth: $10.9 Billion | Age: 74 | Country/Territory: Brazil | Industry: Food & Beverage
Marcel Herrmann Telles is a cofounder of private equity firm 3G Capital, best known for its investments in Anheuser-Busch InBev and Restaurant Brands International, parent of Burger King and Canadian coffee chain Tim Hortons.
199. David Velez & family
Net Worth: $10.8 Billion | Age: 42 | Country/Territory: Colombia | Industry: Finance & Investments
Vélez is cofounder and CEO of Nubank, a Sao-Paulo based digital bank that offers credit cards, checking accounts and life insurance.
200. Suleiman Kerimov & family
Net Worth: $10.7 Billion | Age: 58 | Country/Territory: Russia | Industry: Finance & Investments
A native of Dagestan, Kerimov has represented the republic in Russia’s Federation Council since 2008. He was sanctioned by the U.S. in 2018. The EU and UK sanctioned him in March 2022.
200. Sarath Ratanavadi
Net Worth: $10.7 Billion | Age: 58 | Country/Territory: Thailand | Industry: Energy
Sarath Ratanavadi is the CEO of Gulf Energy Development, one of Thailand’s largest power producers.
200. Patrick Ryan
Net Worth: $10.7 Billion | Age: 86 | Country/Territory: United States | Industry: Finance & Investments
Patrick Ryan is CEO and founder of Chicago based Ryan Specialty Group, a wholesale brokerage and specialty insurance firm.
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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’… Read More
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Forbes Staff
I cover breaking news.
Apr 25, 2024,05:41am EDT
TOPLINE
U.S. fertility rates in 2023 reached the lowest levels since records began, the Centers for Disease Control and Prevention reported on Thursday, returning to a longstanding trend of Americans having fewer babies after a temporary uplift during the Covid-19 pandemic as concerns grow over reproductive healthcare.
KEY FACTS
There were just under 3.6 million babies born in the U.S. in 2023, according to provisional data released by the CDC’s National Center for Health Statistics, a drop of 2% from the year before.
The data, based on more than 99% of birth certificates issued that year, is broadly in line with a general annual decline of roughly 1-2% over the last decade, a steady drop punctuated only by a steep plunge of 4% at the start of the Covid-19 pandemic followed by a modest, expectation-defying pandemic “baby bump.”
The birth rate for women of childbearing age — a category covering females ages 15 to 44 — was 54.4 births per 1,000, the CDC report said, down 3% from 2022.
NCHS demographer Brady Hamilton, the report’s lead author, said the rate is the lowest since the center started compiling data on new births, falling below the previous low of around 56 births per 1,000 in 2020.
Teen births also hit a new record low last year with 13.2 births for every 1,000 teens ages 15 to 19, though the drop of 3% was smaller than the average decline of 7% a year from 2007 through 2022, the report said, without offering an explanation for the fall or the flattening rate.
The rate of cesarean deliveries, which now account for almost a third of all deliveries (32.4%), also increased for the fourth consecutive year, the CDC report said, the highest rate since 2012 and with rates highest for Black mothers (37%).
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SURPRISING FACT
The U.S.’ fertility rate for 2023 is well below a threshold demographers call the replacement rate. This is the fertility rate needed for the current generation to replace itself, rather than grow or shrink. The CDC puts this threshold at 2,100 births per 1,000 women. The U.S. has “generally been below replacement since 1971 and consistently below replacement since 2007,” the report said.
KEY BACKGROUND
While U.S. birth rates have been in broad decline for decades, this continued decline comes at a time of growing concern over access to reproductive healthcare and intensely politicized debate over abortion access, as well as concerns over the economy, a lack of rights for working parents and growing fears over the future of the planet. The U.S. is not alone in experiencing demographic change and changing birth rates are set to drive major global shifts in power over coming decades. The continued failure to meet replacement rate thresholds around the world is of growing concern to many policymakers, scientists and officials. Many countries like China and Japan have been trying to encourage people to have more kids and a birth rate below the replacement rate signals major demographic shifts on the horizon. In particular, it portends sluggish growth, an aging population and an economy that one day may struggle to find enough workers to fill jobs and pay the taxes required to maintain the state and care for a large elderly population, whose health and other needs often require far more expenditure per capita than younger people.
