The American Billionaires Too Poor To Make The 2024 Forbes 400 List

Forbes

There aren’t many things $1 billion won’t get you, but a spot on The Forbes 400 list of the richest Americans is one of them. Not even $3 billion will do it. This year, the 400 wealthiest people in the U.S. are all worth at least $3.3 billion—a new record, and $400 million more than last year.  The Forbes 400 is our annual ranking of the richest Americans. Our estimates are a snapshot of each members wealth as of September 1, 2024.   Read the full story on Forbes: https://www.forbes.com/sites/jemimamcevoy/2024/10/01/taylor-swift-magic-johnson-sam-altman-the-american-billionaires-too-poor-to-make-the-2024-forbes-400-list/  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:  https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript  Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes:  http://forbes.com  Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.

Transcript

00:00With the minimum required net worth for the Forbes 400 climbing another 14% this year

00:05to a record $3.3 billion, there are now more American billionaires who don't make the

00:10list than do.

00:12415 billionaires and counting aren't rich enough.

00:16There have been 34 drop-offs since last year's list.

00:20Despite being richer, 10 billionaires from last year's list couldn't keep up with

00:24the minimum net worth of $3.3 billion, and another 18 fell off the list as their net

00:29worths dropped.

00:31Four others died.

00:33Oprah Winfrey, the original influencer, lent her celebrity to Kamala Harris in August,

00:38endorsing the vice president in a surprise speech at the Democratic National Convention.

00:42Five decades of television and film have made Oprah the wealthiest black woman in America,

00:47but she's shy of the Forbes 400 for the fourth straight year.

00:51In March, she moved slightly farther from the list when she donated $3.5 million of

00:57Weight Washers stock to the National Museum of African American History and Culture, where

01:02she's on the council.

01:04WWE billionaire Vince McMahon has been plagued by scandal as of late, with allegations of

01:09sexual assault reportedly triggering a Department of Justice probe.

01:13Amid the controversy, which McMahon has denied, he resigned as executive chairman of WWE parent

01:19company TKO in January, and in April, filed to sell his last 8 million shares.

01:26Real estate developer Charles Cohen saw his fortune tumble by 30 percent over the past

01:31year largely due to lower values for his office buildings in Manhattan.

01:35Cohen is also battling a $534 million foreclosure from Fortress Credit Corp against some of

01:42his properties in the U.S. and the United Kingdom.

01:45Globetrotting pop star Taylor Swift's Heiress tour, which is slated to end in December,

01:50has already grossed well beyond $1 billion, making it the first such tour to clear the

01:5610-digit mark.

01:58Its success has made her one of 84 new American billionaires since last year's list.

02:04The headline commanding Swift may take over the Forbes 400 one day, too.

02:08She released a new album in April and is reportedly working on another one and might even hit

02:13the road again in 2026.

02:16W. Herbert Hunt was one of legendary oil wildcatter H.L. Hunt's 15 children.

02:22Hunt grew up in the Texas fields before amassing some 195 million ounces of silver in the late

02:281970s in a failed attempt to corner the world's silver market.

02:33He owned a Louisiana refinery and oil company, Petro Hunt, when he died in April at age 95.

02:46He is believed to be the first American billionaire to have sold his company in the U.S.

02:50and the U.K.

02:51He is also believed to be the first American billionaire to have sold his company in the

02:55U.S. and the U.K.

02:57He is believed to be the first American billionaire to have sold his company in the U.S.

03:01and the U.K.

03:02He is believed to be the first American billionaire to have sold his company in the U.S.

03:06and the U.K.

03:07He is believed to be the first American billionaire to have sold his company in the U.S.

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