New Additions and Shifts in the World’s Wealth:
Elon Musk reclaims the title of the world’s richest person, propelled by the rise in Tesla stock and SpaceX’s valuation, surpassing Jeff Bezos and Bernard Arnault on the Hurun Global Rich Report.
Taylor Swift enters the list of billionaires, marking her “billionaire era” with an estimated wealth of US$1.2 billion, driven by her Eras Tour and album royalties.
Mark Zuckerberg follows as the fourth wealthiest, with Meta Platforms Inc. shares doubling and adding substantial wealth.
Miami-based entrepreneur Ryan Breslow becomes the youngest self-made billionaire at 30, thanks to his fintech platform Bolt.
The list now includes 3,279 billionaires, up 5% from the previous year, with a total wealth increase of 9%, led by individuals from 73 countries and various industries.
AI emerges as a significant wealth driver, with notable gains seen in companies like Nvidia, Microsoft, Google, Amazon, Oracle, and Meta.
Despite a decrease in billionaires in China, the country still leads with 814 billionaires, followed by the U.S. and India. New York remains the billionaire capital, followed by London and Mumbai.
Wealth generation is prominent in financial services, consumer goods, food & beverages, and real estate, with media and entertainment experiencing significant growth.
However, sectors like healthcare, industrial products, food & beverages, and real estate faced challenges, resulting in wealth decline for many billionaires, particularly in China.
