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The ultra-exclusive $100 billion club has swelled to an unprecedented 15 members

May 16, 2024 - fortune.com
The world's super-rich club now includes 15 members with fortunes over $100 billion, a record number, with their combined net worth up 13% this year to $2.2 trillion. This wealth surge is attributed to advancements in artificial intelligence, luxury goods, and geopolitical shifts. Notable members who recently crossed the $100 billion threshold include L’Oreal SA heiress Francoise Bettencourt Meyers, Dell Technologies Inc. founder Michael Dell, and Mexican billionaire Carlos Slim.

Leading the pack is LVMH founder Bernard Arnault with a net worth of $222 billion, followed by Amazon.com Inc founder Jeff Bezos with $208 billion, and Tesla Inc. CEO Elon Musk with $187 billion. The fortunes of these billionaires are largely derived from their stakes in their respective companies. This is the first time all 15 members have held fortunes over $100 billion at the same time.

Key takeaways:

  • The world's super-rich club now has 15 members with fortunes over $100 billion, the highest number on record, with their combined net worth up 13% this year to $2.2 trillion.
  • L'Oreal SA heiress Francoise Bettencourt Meyers, Dell Technologies Inc. founder Michael Dell and Mexican billionaire Carlos Slim have all crossed the $100 billion threshold in the past five months.
  • Leading the pack is LVMH founder and CEO Bernard Arnault with a net worth of $222 billion, followed by Amazon.com Inc founder Jeff Bezos with $208 billion, and Tesla Inc. CEO Elon Musk with $187 billion.
  • Gautam Adani, founder of Adani Enterprises Ltd., recently returned to the elite group after a short-seller attack caused him to lose more wealth than anyone in 2023.
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