"This is the third consecutive year that the average billionaire's bank account has risen-but most of the money has been concentrated among a select few. While the global billionaire population increased by 5.6% in 2024 to a new high of 3,508 people, over half of those individuals only hold between $1 billion and $2 billion in wealth. Meanwhile, the 17% of billionaires who have more than $5 billion to their names control 62% of all money in this 10-plus figure group."
"There are also some broad trends around where super-billionaires are amassing their fortunes, and what industries they're succeeding in. Among this hyper-exclusive class of the wealthy, around 65%, or 19, reside in America; meanwhile, about three live in China, two have primary residence in India, two are settled in France, one in Spain, while another flits between countries. The U.S. is clearly the incubator of eye-watering money gains-and their success is due in large part to the nation's AI boom"
There are 29 super-billionaires with fortunes exceeding $50 billion, and about 65% (19) reside in the United States. The global billionaire population reached 3,508 in 2024, up 5.6%, with over half holding between $1 billion and $2 billion. Seventeen percent of billionaires hold more than $5 billion and control 62% of aggregate billionaire wealth. Combined super-billionaire wealth totals roughly $4.13 trillion. Average billionaire net worth has risen for the third consecutive year, but most gains are concentrated among a select few. The U.S. AI boom is a major driver of the largest wealth increases.
Read at Fortune
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