The rich are getting richer. Many Americans struggled to keep their heads above water while navigating sky-high inflation and housing costs, but billionaires had another record-breaking year in 2023.
As inequality balloons, more people join the billionaire class. Last year, the global population grew by 4%, bumping the cohort to a new high—according to data firm Altrata’s recently released 2024 Billionaire Census, which uses data from Wealth-X.
