According to the Forbes Rich List a staggering 86% are richer than a year ago.
Altogether these billionaires are worth $13.1 trillion, up from $8 trillion in 2020. The U.S. still has the most, with 724, followed by China (including Hong Kong and Macao) with 698.
There are a record-smashing 2,755 billionaires in the world, according to Forbes’ 2021 Worlds Billionaires list. How did they make their mega-fortunes? By doing everything from starting hedge funds and tech companies to breeding pigs and brewing kombucha.
But certain industries offer a more common route to riches than others. The most likely way to make a billion-dollar fortune: go into finance and investments. That sector has minted the most billionaires in the world, with 371 people, or about 13% of the entire list.
It was the top industry for billionaires in 2020—the last time we tabulated the number of billionaires per industry—as well.
The second category is finance and investment. The number of finance and investment billionaires has grown by 50% in the past year, and has nearly doubled from two years ago, with household names like Berkshire Hathaway’s Warren Buffett, Carl Icahn and hedge fund titan Ray Dalio.
There’s still space for newcomers, however, like the Winklevoss Twins, who join the list this year, thanks to big bets on cryptocurrency, and Jeff Yass, founder of trading firm Susquehanna International.
Despite the quarantines, fashion and retail clocked in fourth, with 273 billionaires, or 10% of this year’s list. Some of the most storied names in couture can be found here, including LVMH chief Bernard Arnault and brothers Alain and Gerard Wertheimer, controllers of the Chanel fashion house. One notable newcomer: Kim Kardashian West, whose Skims shapewear and KKW Beauty cosmetics and fragrance line helped catapult her onto this year’s list.
The saying is "Never let a crisis go to waste"
I think you would agree these people didn't!
Today's # Hashtags