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A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time.[1] The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.[2]
As of April 2024,[update] there are 2,781 billionaires worldwide, with a combined wealth of over US$14.2 trillion, up from US$12.2 trillion in 2023.[3][4] According to a 2024 Oxfam report, the world's top 1% of earners own more combined wealth "than 95% of humanity".[5] As of October 2024, seventeen people have reached the status of USD centibillionaires, meaning that each has had a net worth of at least $100 billion.[6]
- ^ Miller, Matthew; Kroll, Luisa (10 March 2010). "Bill Gates No Longer World's Richest Man". Forbes. Archived from the original on 26 September 2011. Retrieved 7 June 2010.
- ^ O'Donnell, Carl (11 July 2014). "The Rockefellers: The Legacy Of History's Richest Man". Forbes. Archived from the original on 20 November 2016. Retrieved 7 January 2014.
- ^ Peterson-Withorn, Chase. "Forbes' 38th Annual World's Billionaires List: Facts And Figures 2024". Forbes. Retrieved 22 October 2024.
- ^ Peterson-Withorn, Chase. "Forbes' 37th Annual World's Billionaires List: Facts And Figures 2023". Forbes. Retrieved 22 October 2024.
- ^ "World's top 1% own more wealth than 95% of humanity, as "the shadow of global oligarchy hangs over UN General Assembly," says Oxfam". Oxfam International. 23 September 2024. Retrieved 22 October 2024.
- ^ Mohamed, Theron (22 October 2024). "Meet the 17 people in the $100 billion club — who are jointly worth more than Amazon or Google". Business Insider Africa. Retrieved 22 October 2024.