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The number of billionaires has surged to a record-breaking 3,428, with Elon Musk retaining the title of the world’s richest person, according to Forbes.
The magazine’s latest rankings, dominated by the tech sector, placed the Tesla and SpaceX boss in the top spot with a net worth of $839bn (£623bn), followed by Google co-founders Larry Page on $257bn and Sergey Brin with $237bn.
Donald Trump also saw his wealth increase by 27% to $6.5bn off the back of his crypto dealings, and after his New York fraud penalty was thrown out, making the US president the world’s 645th richest person.
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Forbes’s 40th annual world’s billionaires list also saw some notable debuts, including rapper Dr Dre ($1bn), singer Beyonce Knowles-Carter ($1bn) and tennis star Roger Federer ($1.1bn).
Beyonce Knowles-Carter is among the new additions to the annual list. Pic: Reuters
The 390 newcomers also included Greg Abel ($1bn), Warren Buffett’s successor as chief executive of Berkshire Hathaway, Mr Musk’s brother Kimbal Musk ($1.4bn), and former vice-presidential candidate, and Mr Brin’s ex-wife, Nicole Shanahan ($1.4bn).
In total, those on the list are worth a record $20.1trn, an increase of $4trn since last year as the wealth of the world’s richest people continues to grow.
Investor Warren Buffett is ranked 9th on the list. File pic: Reuters
Last year’s list featured 3,028 billionaires.
The number of people with fortunes of more than $100bn climbed to 20, up from 15 a year ago.
Forbes also estimated that crypto baron Changpeng Zhao, known as CZ, is now richer than Microsoft founder Bill Gates, with a fortune of $110bn.
The six…
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