Worldwide, there are 2,781 billionaires worth a record 14.2 trillion, according to Forbes World's Billionaires list. That’s 141 more billionaires than in 2023. As the average billionaire is 66, it’s clear that self-made billionaires are older, suggesting that the Great Wealth Transfer — an intergenerational transfer of wealth, with baby boomers leaving significant wealth to their heirs — is underway.
The 25 youngest people on the Forbes’ World’s Youngest Billionaires of 2024 list are all 33 or younger and worth $110 billion together. Some are self-made, but for the first time in more than 15 years, every billionaire under 30 inherited their fortune.
