Taylor Swift, Magic Johnson And The Newly-Minted Billionaires Of 2024
The world’s billionaires are riding high, with Forbes finding a record 2,781 of them around the globe this year, worth a record $14.2 trillion altogether. With many markets up, the surge in wealth has made 265 people billionaires over the past year, up from 150 newcomers in 2023.
These fresh faces include a fashion legend, an NBA hall-of-famer and one very famous popstar. They collectively command $510 billion in wealth, or $1.9 billion on average, and hail from 32 countries.
Once again, the United States leads the pack, with 67 Americans joining the ranks. The wealthiest among them is Todd Graves, the founder of fast-food chain Raising Cane's, whose net worth stands at an estimated $9.1 billion. China maintains the second spot, nearly doubling its number of new billionaires from last year, to 31, despite troubles in the Asian nation. The richest are Maggie Gu, Molly Miao and Ren Xiaoqing (worth an estimated $4.2 billion each), who cofounded the Gen Z fast-fashion giant Shein. India, meanwhile, added 25 new billionaires, including Renuka Jagtiani ($4.8 billion), the chief executive of e-commerce conglomerate Landmark Group, which was founded by her late husband Micky Jagtiani, who died in May 2023.
The richest women to join the ranks this year: Sofia Högberg Schörling and her sister Märta Schörling Andreen. The two daughters of Swedish investing tycoon Melker Schörling, who died in late 2023, have estimated net worths of $5.6 billion each. They are among 46 women to become billionaires over the past year.
The most famous newcomer is, of course, Taylor Swift, whose record-breaking, five-continent Eras Tour is the first to surpass $1 billion in revenue. The 34-year-old pop star amassed an estimated $1.1 billion fortune, based on earnings from the blockbuster tour, the value of her music catalog and her real estate portfolio. Swift is the first musician to hit ten-figure status solely based on her songs and performances.
Read the full story on Forbes: https://www.forbes.com/sites/segunolakoyenikan/2024/04/02/new-billionaires-2024-taylor-swift-magic-johnson-and-263-others-join-the-ranks-this-year/
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These fresh faces include a fashion legend, an NBA hall-of-famer and one very famous popstar. They collectively command $510 billion in wealth, or $1.9 billion on average, and hail from 32 countries.
Once again, the United States leads the pack, with 67 Americans joining the ranks. The wealthiest among them is Todd Graves, the founder of fast-food chain Raising Cane's, whose net worth stands at an estimated $9.1 billion. China maintains the second spot, nearly doubling its number of new billionaires from last year, to 31, despite troubles in the Asian nation. The richest are Maggie Gu, Molly Miao and Ren Xiaoqing (worth an estimated $4.2 billion each), who cofounded the Gen Z fast-fashion giant Shein. India, meanwhile, added 25 new billionaires, including Renuka Jagtiani ($4.8 billion), the chief executive of e-commerce conglomerate Landmark Group, which was founded by her late husband Micky Jagtiani, who died in May 2023.
The richest women to join the ranks this year: Sofia Högberg Schörling and her sister Märta Schörling Andreen. The two daughters of Swedish investing tycoon Melker Schörling, who died in late 2023, have estimated net worths of $5.6 billion each. They are among 46 women to become billionaires over the past year.
The most famous newcomer is, of course, Taylor Swift, whose record-breaking, five-continent Eras Tour is the first to surpass $1 billion in revenue. The 34-year-old pop star amassed an estimated $1.1 billion fortune, based on earnings from the blockbuster tour, the value of her music catalog and her real estate portfolio. Swift is the first musician to hit ten-figure status solely based on her songs and performances.
Read the full story on Forbes: https://www.forbes.com/sites/segunolakoyenikan/2024/04/02/new-billionaires-2024-taylor-swift-magic-johnson-and-263-others-join-the-ranks-this-year/
Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1
Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:
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LifestyleTranscript
00:00 The world's billionaires are riding high, with Forbes finding a record 2,781 of them around the globe this year,
00:07 worth a record $14.2 trillion altogether.
00:11 With many markets up, the surge in wealth has made 265 people billionaires over the past year,
00:18 up from 150 newcomers in 2023.
00:21 These fresh faces include a fashion legend, an NBA Hall of Famer, and one very famous pop star.
00:28 They collectively command $510 billion in wealth, or $1.9 billion on average, and hail from 32 countries.
00:37 Here are the top 5 newcomers to reach billionaire status in 2024.
00:42 The most famous newcomer is, of course, Taylor Swift, whose record-breaking five-continent Eras tour is the first to surpass $1 billion in revenue.
00:55 The 34-year-old pop star amassed an estimated $1.1 billion fortune,
01:00 based on earnings from the blockbuster tour, the value of her music catalog, and her real estate portfolio.
01:06 Swift is the first musician to hit 10-figure status, solely based on her songs and performances.
01:13 NBA legend and businessman Irvin "Magic" Johnson is new this year, too,
01:20 with an estimated net worth of $1.2 billion, thanks to investments in professional sports teams,
01:26 movie theaters, Starbucks franchises, real estate, and healthcare.
01:30 Once again, the U.S. has the most billionaires on the list of any other country, with 67 Americans joining the ranks.
01:41 The wealthiest among them is Todd Graves, the founder of fast-food chain Raisin' Cane's,
01:46 whose net worth stands at an estimated $9.1 billion.
01:51 Maggie Gu, Molly Miao, and Ren Xiaoqing.
01:55 China maintains the second spot, nearly doubling its number of new billionaires from last year to 31,
02:01 despite troubles in the Asian nation.
02:03 The richest are Maggie Gu, Molly Miao, and Rex Xiaoqing, worth an estimated $4.2 billion each,
02:11 who co-founded the Gen Z fast fashion giant Shein.
02:17 The youngest of the self-made newcomers is Japan's Shinsaku Sagami,
02:21 founder of Tokyo-based advisory firm M&A Research Institute, which employs AI to find buyers for companies.
02:29 The 33-year-old graduate of Kobe University is now worth an estimated $1.9 billion.
02:35 (music)
02:37 (music ends)
02:39 (silence)
02:41 [BLANK_AUDIO]