Forbes Unveils 38th Annual World’s Billionaires List

Apr 2, 2024 | Business

LVMH Tycoon Bernard Arnault remains atop the ranking of the worlds richest people as the planet sees a record number of billionaires, worth an all-time high of $14.2 trillion

NEW YORK – WEBWIRE –

Forbes announced its 38th annual Worlds Billionaires list, the definitive ranking of the worlds richest people. This years list features a record-breaking 2,781 billionaires, more billionaires than ever before, 141 more than last year and 26 more than the previous record set in 2021.

French luxury goods titan Bernard Arnault tops the Worlds Billionaires ranking for the second year in a row, after his net worth grew by 10% to an estimated $233 billion, thanks to another record year at his conglomerate, LVMH. Elon Musk remains in the second spot, with an estimated net worth of $195 billion, up 8% from last year but noticeably lower than his net worth in November 2021, when he became the first person ever to be worth $300 billion. The decline is largely due to a fall in the value of Tesla shares.

Its been an amazing year for the worlds richest people, with more billionaires around the world than ever before, says Chase Peterson-Withorn, Forbes Senior Editor, Wealth. A record-breaking 14 centibillionaires have 12-figure fortunes. Even during times of financial uncertainty for many, the super-rich continue to thrive.

The worlds billionaires are richer than ever. Collectively, they are worth a record-breaking $14.2 trillion, up by $2 trillion from our 2023 list and $1.1 trillion above the previous record, set in 2021. The top 20, in particular, had a great year, adding a combined $700 billion in wealth over the past 12 months.

Key Highlights:

  • Newcomers: This years ranking features 265 newcomers, including fashion designer Christian Louboutin($1.2 billion); NBA legend Magic Johnson ($1.2 billon); TV producer Dick Wolf ($1.2 billion); pop star Taylor Swift ($1.1 billion), who has toured and recorded her way to billionaire status; and OpenAIs Sam Altman ($1 billion).
  • Globally: The United States still has more billionaires than any other country, now boasting a record 813 on the list, worth a combined $5.7 trillion. China remains second, with 473 (including Hong Kong) worth $1.7 trillion. India, which has a record-breaking 200 billionaires worth $954 billion, ranks third.

To view the full list, visit www.forbes.com/billionaires.

The 2024 Billionaires issue features a cover story on investor and sports magnate Todd Boehly.

Feature stories included in the Billionaires package include:

  • Todd Boehly: Drawing from Warren Buffetts longtime playbook, Boehly has used the cash generated from his boring but dependable annuities business to build an international multibillion-dollar sports and entertainment empire which includes the Los Angeles Dodgers, Chelsea FC and the Golden Globes.
  • The $100 Billion Club: The number of people with dozen-digit fortunes is soaring.
  • Donald Trump: The former Presidents legal woes have taken a half-billion-dollar bite out of his net worth. Meme stock traders might just bail him out. The 2024 Forbes Billionaires List reflects net worths calculated based on stock prices and exchange rates as of March 8, 2024. At the time the list was compiled, Donald Trump was worth $2.3 billion. Forbes has since updated the press release to reflect his current net worth of $5.7 billion as of Monday, April 1, 2024.
  • New Billionaires 2024
  • Heres Who Fell Off Forbes 2024 Billionaires List
  • The Billionaires Getting Rich From AI 2024
  • The Worlds Youngest Billionaires 2024
  • Richest Women in the World
  • The Top 10 Richest Tech Billionaires 2024

Methodology

The Forbes Worlds Billionaires list is a snapshot of wealth using stock prices and currency exchange rates from March 8, 2024.

For the 2024 list, methodology and features, visit: www.forbes.com/billionaires.

To follow the conversation on social, use: #ForbesBillionaires

About Forbes

Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 140 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 42 licensed local editions in 68 countries. Forbes Medias brand extensions include real estate, education and financial services license agreements.

Forbes Recognizes Subaru as One of America’s Best Brands for Social Impact

May 2, 2023 | Business

WEBWIRE –

Automaker Named Number One Auto Brand on Inaugural List Based on Consumer Survey
Building on its reputation for being More than a Car Company, Subaru of America, Inc. today announced it was named one of the top brands on Forbes Best Brands for Social Impact 2023 list. Subaru is the number one brand listed in the automotive category.

To create the list, Forbes partnered with HundredX to survey more than 100,000 consumers and rank the 300 brands respondents rated most highly in four categories: overall brand values and trust, social stances, sustainability, and community support. Close to four million ratings were gathered across more than 2,000 unique brands. The list features brands that are most admired for doing good across sectors including the environment, social issues, and their local communities. Subaru placed in the top six in all four of the categories in the survey.

Giving back is at the core of everything we do at Subaru, and it exemplifies our efforts to be more than a car company, and were honored to be recognized for that work, said Alan Bethke, Senior Vice President of Marketing, Subaru of America, Inc. The causes that we invest in and partner with are very close to our hearts, and we take pride in our passion for helping others.

The Subaru Love Promise is the vision that guides the company and its retailers in making the world a better place. The pillars of Earth, Care, Help, Learning, and Pets, as well as the Subaru Share the Love Event, spread that love and philanthropy across a diverse group of partners and causes including The American Society for the Prevention of Cruelty to Animals(ASPCA), Make-A-Wish, Meals on Wheels America and the National Park Foundation.

Respondent feedback to the survey indicated that Subaru not only produces excellent vehicles that are built to last, but that customers appreciate what the automaker does on both a national and local scale for their community, and support causes its owners care about.

For more information about Americas Best Brands for Social Impact, visit here. Learn more about Subaru giving back by visiting here.

About Subaru of America, Inc. Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile manufacturing plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the companys vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA and the SOA Foundation have donated more than $300 million to causes the Subaru family cares about, and its employees have logged nearly 88,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do.

For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.

Forbes Announces Seventh Annual List Of America’s Top Wealth Advisors

Aug 26, 2022 | Business

NEW YORK – WEBWIRE –



Forbes, in partnership with SHOOK Research, announced the 2022 list of America’s Top Wealth Advisors, which spotlights the nation’s top financial advisors. This year’s list includes 250 advisors, who manage $1.4 trillion in client assets. Advisors complete in-depth surveys and then vetted and ranked by SHOOK research.


“Despite continued uncertainty, this year’s top wealth advisors are navigating uncharted waters for their clients as they continue to provide best-in-class counsel,” said R.J. Shook, President and founder of SHOOK Research. “This annual ranking showcases the professionals that are reshaping the industry, the role models of the business.”


Jeff Erdmann of Merrill Private Wealth Management maintains the No. 1 spot on this year’s ranking, managing $12.6 billion in total assets, followed by Brian Pfeifler of Morgan Stanley Private Wealth Management, who manages $9.6 billion. Of the 250 advisors on this year’s list, 52 are based in New York, 49 from California and 21 from Florida.


More than 80% of the professionals on this year’s list have persevered for more than a quarter-century, through two major bear markets and ongoing geopolitical uncertainty. And with raging inflation and an impending recession, these 250 financial advisors are proving that sound strategy can offer protection in any storm.


On October 11-13, 2022, Forbes will host its sixth annual Forbes/SHOOK Top Advisor Summit, which will convene the world’s top wealth advisors and industry leaders in Las Vegas. The event, in partnership with SHOOK Research, will provide a forum for world-renown investors, to discuss and debate the industry’s top trends, best practices and financial strategies.


To join the conversation online, follow: #ForbesTopAdvisor


The Forbes Top Wealth Advisors list is presented by Merrill.


About Forbes


Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 48 licensed local editions in 82 countries. Forbes Media’s brand extensions include real estate, education and financial services license agreements.

“The Forbes Way” by Pamela Forbes Will Be Featured at LA Festival of Books in Spring 2022

Feb 4, 2022 | Business

San Diego, California, USA – WEBWIRE –



“The Forbes Way” (Black Card Books, 2019) by Pamela Forbes will be featured at the LA Times Festival of Books in Spring 2022. This book discusses how people can become the person they want to be in the future. When it comes to the business mind, it’s complicated in the sense that it’s always an endless battle with thinking for themselves vs. letting others think what’s best for them, and their business. It teaches the person, both personally and professionally, how to adapt to their current resources in order to meet challenges while pondering their original purpose as a career-driven individual, business professionals, and company. 

 

The author teaches “The Forbes Way” on how a person can achieve their desired goal of becoming a successful individual and, if they own a business, the success of their company as a whole. The business mindset cannot be mastered overnight, as it is stated. Pamela Forbes has been involved in organizational change for over twenty-five years and holds a Ph.D. in Leadership Education. She didn’t get where she is today without the experience she had to overcome and teachers that taught her a great many things. 

 

She uses her expertise to teach others about the challenge of personal growth and how that growth can have a great impact on the business. Pamela not only teaches the readers but also offers valuable advice on how they can further develop their business; she’s an extraordinary expert who allows people to take control of their goals rather than taking control of it. Where she helps them achieve their dream by letting them be the captain of their own ship.

 

What’s more, Dr. Forbes even created a tool that was developed for use in performance evaluations and future adaptations for that organization. She has worked intimately and effectively with individuals and systems, developing and establishing innovative models for change.

 

“The Forbes Way” guides the reader to develop an open mind, answer every question with an honest response, and carry out the activities. This book will help them find a new perspective for themselves and their business.

 

The Forbes Way: How to Lead Based upon Integrity, Innovation, and Ingenuity

Author | Pamela C. Forbes

Genre | Business & Economics

Publisher | Black Card Books

Published date | October 16, 2019

 


Interested? Learn more about “The Forbes Way” by Pamela Forbes available on Amazon, and come visit the upcoming LA Times Festival of Books in Spring 2022!

Forbes Reorganizes To Support Growth, Promotes Jessica Sibley To Chief Operating Officer

Feb 1, 2022 | Business

Company Recruiting for New Positions Across the Organization

NEW YORK – WEBWIRE –



Forbes announced a reorganization intended to create stronger alignment across the company in order to support growth as it prepares for a public listing currently scheduled to be completed by the end of the first quarter. The company’s Growth and Revenue teams are now consolidated into a unified Revenue Operations team led by Jessica Sibley who has been promoted to Chief Operating Officer, reporting to Forbes CEO Mike Federle.


Longtime Forbes executive Sherry Phillips will now oversee the revenue and marketing teams as Chief Sales and Marketing Officer, reporting to Ms. Sibley. Previously, she was CMO. Taha Ahmed, who is promoted to SVP, Corporate Development, Strategy & Consumer Growth, will oversee an expanded Consumer Growth team responsible for Forbes’ rapidly growing direct-to-consumer business, also reporting to Ms. Sibley.


“With our public listing on track for this quarter, this is an incredibly exciting time to be at Forbes as we enter a new chapter designed for continued growth,” said Mike Federle, Forbes CEO. “I can’t think of anyone more capable of leading our Revenue and Growth initiatives than our newly promoted COO Jessica Sibley, an incredible leader and team builder who has led the sales organization to three consecutive years of record results.”  


Ms. Sibley has been Forbes Chief Revenue Officer for the past two years, and prior to her role as CRO, has held successive sales leadership roles including SVP, U.S. & Europe, and Chief Sales Officer over the course of six years. She has introduced several innovative products and initiatives, including BrandVoice products, ForbesLive virtual events, Forbes’ Representation & Inclusion Practice, ForbesOne, Forbes Demand Engine, and the CxO Growth Survey. Earlier, Ms. Sibley held leadership positions at Bloomberg, The Wall Street Journal, and Conde Nast.


“The new structure we’re announcing today will enable the pace of growth and scale necessary to achieve our goals,” said Jessica Sibley, Chief Operating Officer, Forbes. “We have amazing talent in our new Revenue Operations team, and I’m excited to support them as we continue to build our powerful media business, and continue to diversify our revenue mix with recurring income from our brand extensions business and direct-to-consumer revenue which has shown dramatic growth this year.”


The new Revenue Operations team includes Consumer Growth, Content & Design Studio, ForbesWomen, Sales & Marketing, Product, Technology, Asia, and Europe. These changes are effective immediately.


The company, which has continued to hire through the pandemic—avoiding layoffs and furloughs—is actively recruiting for nearly three dozen positions on its Revenue, Growth, Product, Technology, Corporate and Editorial Teams. Read more at Forbes Careers.


About Forbes


Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most influential leaders and entrepreneurs who are driving change, transforming business, and making a significant impact on the world. The Forbes brand today reaches more than 150 million people worldwide through its trusted journalism, signature LIVE and Forbes Virtual events, custom marketing programs and 44 licensed local editions in 77 countries. Forbes Media’s brand extensions include real estate, education, and financial services license agreements.


Forbes recently announced plans to go public through a business combination with Magnum Opus (NYSE: OPA), a special purpose acquisition company (SPAC), which is expected to close in Q1 of 2022.