The world’s super-rich membership now has 15 members with fortunes over $100 billion, probably the most on report, as they journey the waves of synthetic intelligence, luxurious items and geopolitical shifts.
The mixed internet price for these folks is up 13% this yr to $2.2 trillion, in response to the Bloomberg Billionaires Index, beating the tempo of inflation and the broader inventory market. Between them, they maintain almost 1 / 4 of the wealth of the world’s 500 richest folks.
Whereas the 15 have crossed $100 billion earlier than, that is the primary time all of them have held fortunes of that measurement on the similar time. L’Oreal SA heiress Francoise Bettencourt Meyers, Dell Applied sciences Inc. founder Michael Dell and Mexican billionaire Carlos Slim all initially reached the edge up to now 5 months and a few have fluctuated round that degree, crossing it a number of instances.
Bettencourt Meyers turned the primary girl to amass a 12-figure fortune in December after shares of the luxurious cosmetics firm posted their finest yr since 1998. Bettencourt Meyers, 70, ranks 14th on the index with a internet price of $101 billion.
Dell, 59, additionally just lately noticed his wealth crest the $100 billion mark after demand for AI-related tools boosted Dell Applied sciences’ share value to report highs. He’s now eleventh on Bloomberg’s wealth index with a fortune of $113 billion.
Different new joiners embody Slim, 84, who ranks thirteenth with $106 billion. The richest particular person in Latin America added about $28 billion to his internet price in 2023 amid a increase within the Mexican peso that’s helped to spice up the inventory of corporations in his enterprise empire, which vary from building to working eating places and retailers.
There are additionally outdated names coming again to the membership. Gautam Adani, 61, just lately returned to the elite group after a short-seller assault precipitated him to lose extra wealth than anybody in 2023. Shares of his flagship Adani Enterprises Ltd. rose as international traders more and more deal with India companies.
Main the pack is LVMH founder and Chief Govt Officer Bernard Arnault, 75, with a internet price of $222 billion. He derives most of his wealth from his stake on this planet’s largest luxury-good maker.
Amazon.com Inc founder Jeff Bezos, 60, ranks second with a internet price of $208 billion, because of his possession of the world’s largest on-line retailer. Tesla Inc. CEO Elon Musk, 52, has a internet price of $187 billion and ranks the third on the index. His wealth, which has fallen by greater than $40 billion this yr, primarily consists of his stake on this planet’s most respected automotive maker.