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It’s been a banner year for the mega-wealthy. Forbes found an unprecedented 2,781 billionaires around the globe for this year’s World’s Billionaires list—141 more than in 2023 and 26 more than the previous record, set in 2021. The super-rich are also richer than ever, with their combined wealth hitting $14.2 trillion—$2 trillion more than just a year ago and $1.1 trillion above the previous record, also set in 2021.<br/><br/>As with the economy in general, the money is concentrated at the very top. There are now a record 14 people who are members of the $100 Billion Club, the elite group of people whose fortunes stretch into 12 digits. That’s up from just one four years ago. These lucky few are worth $2 trillion in all, meaning just 0.5% of the world’s 2,781 billionaires hold 14% of all billionaire wealth.<br/><br/>The richest of all is Bernard Arnault, who holds the No. 1 spot for the second year in a row. The French luxury goods kingpin is worth an estimated $233 billion, $22 billion more than in 2023 thanks to another record year for his conglomerate LVMH, the company behind brands such as Louis Vuitton, Tiffany & Co. and Sephora. He’s $38 billion richer than the world’s No. 2, Elon Musk, who is worth an estimated $195 billion. Just behind him, at No. 3, is Amazon’s Jeff Bezos, who is worth an estimated $194 billion. Forbes used stock prices and exchange rates from March 8, 2024 for this year’s ranking.<br/><br/>0:00 Introduction<br/>0:30 How Many Billionaires Made The Cut?<br/>1:10 Who Is The Richest Billionaire In The World?<br/>2:16 How Did Elon Musk Fare?<br/>3:21 AI And Other Billionaire Trends<br/>6:02 What Industries Minted Billionaires?<br/>7:02 Donald Trump's Net Worth<br/>8:55 Who Are Newcomers To The List<br/>11:30 Is The Economy Really Doing Well?<br/><br/>Read the full story on Forbes: https://www.forbes.com/billionaires<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>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:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
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Better-than-expected Eurozone inflation figures helped London’s FTSE 100 index recover from a difficult start this morning.
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A diver is urging the public to cut down on waste after spotting a grey nurse shark injured by rubbish off the NSW Mid North Coast.<br/>
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A CAR CUSTOMISER has built a spectacular Chevrolet low rider boasting over 600 custom parts. Chris Roark, from California, has transformed a 1958 Chevrolet Impala after his previous show-winning car, called The Perfect Score, was destroyed in a crash. Chris told R.Rides: “The Perfect Score was a three time Lowrider Magazine show winner and, on our third title coming home, we were cut off and we got swiped over onto the embankment. The trailer came loose from our toe rig and the car was totalled. That loss, it was very, very tough.” After the accident the other members of the Traditional car club encouraged Chris to create another car in honour of The Perfect Score. From there, The Final Score was born. The impressive lowrider was customised in every way possible with Chris estimating there is close to 600 custom machine parts in the car. This included the door handles, which were shaped for pop doors. The interior was made with full leather ostrich skin, with custom logos engraved on the seats. And everything matches, with the whole engine was engraved to match the outer pinstripe paint. Even the motor was customised, a LS1 that came out of a mid-80s Corvette. Chris told R.Rides: “When I look at the Final Score, I see engineering, craftsmanship and detail.” Despite the success of the original lowrider, Chris’s fans weren’t immediately approving of his new build. Chris explained: “A lot of people didn't take to it when it first came out. They were like, ‘What is this?, this doesn't look good, what are the colours that are mixing?’ “But a couple years went by and now you start to see a lot of people starting to entertain all these different colours.” The lowrider has built up a legion of fans, but will Chris continue building these cars? He said: “It’s tough as you get older, you slow down. I have my son and my nephew that are young guns and they've been keeping the fire under me to keep me going.” Chris’s son, Chris Jr is now leading the next generation of car customizers. Chris Jr told us: “My favourite part of the low rider is when you could get in it and drive, put the top down, just have fun. And they're different, they're unique, not everyone likes low riders, but everyone has their own different tastes. I just like to be behind the wheel and feel the creation of building something that’s unique like this.”
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