Forbes' 2024 list reveals: that out of 2,781 billionaires, a quarter faced a decline in fortunes. 189 dropped below the billionaire threshold.
Source: Economic Times
India added 25 new billionaires. Mr. Mukesh Ambani topped the list from India and Asia with a net worth of $116 Bn. The net worth of Indians rose 41%.
Source: Economic Times
China saw the most drop-offs, with 133 billionaires losing their status due to economic slowdown, property market issues, and geopolitical tensions.
Source: Economic Times
Manufacturing took the biggest hit, losing 49 billionaires. Tech and healthcare also saw significant exits from the billionaire club.
Source: Economic Times
Notable exits include Wang Wenyin, Rene Benko, and Hui Ka Yan, whose net worths plummeted due to various financial and legal challenges.
Source: Economic Times
Contrasting China, the U.S. saw only eight billionaires lose their status, showcasing the resilience of American wealth amidst global economic shifts.
Source: Economic Times