The World's Billionaires
| File:Forbes logo.svg Logo of Forbes magazine | |
| Company type | Annual publication |
|---|---|
| Industry | Media, Publishing |
| Founded | March 1987 |
| Headquarters | New York City , United States |
Area served | Worldwide |
| Products | Billionaires ranking list |
| Website | forbes |
The World's Billionaires is an annual compilation published by the American business magazine Forbes, listing individuals whose net worth meets or exceeds US$1 billion. Since its debut in March 1987, the ranking assesses each person's net wealth by evaluating documented assets and subtracting liabilities. It deliberately omits royalties and authoritarian leaders whose fortunes are linked to their official roles, concentrating exclusively on verifiable personal fortunes.
In 2018, Amazon’s founder Jeff Bezos claimed the top spot for the first time, becoming the inaugural centibillionaire featured and surpassing Microsoft co-founder Bill Gates, who had dominated the list for 18 out of the previous 24 years. By 2022, after holding number one for four consecutive years, Bezos was surpassed by Elon Musk. The subsequent year saw French entrepreneur Bernard Arnault rise to first place, marking the first time a French citizen led the list, overtaking Musk. In 2025, Musk regained his position at number one.
The aggregate net worth of global billionaires has surged dramatically, exceeding $16 trillion in 2025 with a total of 3,028 billionaires worldwide. This group comprises 406 women and 2,622 men, demonstrating growth across diverse industries and international markets.
Methodology
Annually, Forbes deploys a team of over 50 journalists worldwide to monitor the wealthiest individuals and families. Initial questionnaires are distributed to potential candidates, eliciting varied reactions—some exaggerate their assets, others provide partial information, while some choose not to respond. Analysts examine business transactions and estimate values of tangible assets such as real estate, vehicles, and art collections. Interviews are conducted to corroborate and adjust these valuations. Publicly traded stocks are appraised at market values approximately one month prior to publication. For private enterprises, valuations rely on current price-to-sales or price-to-earnings multiples. Known debts are deducted to determine net worth in US dollars. Due to fluctuations in stock prices, actual net worth at publication may differ from estimates.
When living individuals transfer wealth to immediate family members, these assets are combined under a single "family fortune" listing as long as the original owner remains alive. For deceased billionaires, inherited wealth is listed separately only if heirs individually possess over $1 billion; their fortunes are not aggregated. Wealth derived from royal status or dictatorial power contingent on position is excluded.
Annual rankings
Released each March, the rankings provide a snapshot of billionaire net worth at that point in time. Thousands of billionaires appear annually; below are selections featuring the top 10 wealthiest individuals each year.
- Legend
| Icon | Meaning |
|---|---|
| Steady | Ranking unchanged from previous year. |
| Increase | Increase in rank compared to prior year. |
| Template:Loss | Decline in rank relative to last year. |
2025
The 39th edition of Forbes’ annual billionaire list identified a record-breaking total of 3,028 billionaires with combined net assets amounting to $16.1 trillion—an increase of 247 individuals and $1.9 trillion compared to 2024. Notably, Bill Gates exited the top 10 for the first time since 1992.
2024
The 38th edition of the Forbes global billionaires ranking revealed an unprecedented total of 2,781 billionaires, whose combined net worth reached $14.2 trillion. This represents a growth of 141 individuals and an increase of $2 trillion compared to 2023, exceeding the previous record net worth rise of $900 billion set in 2022. Approximately two-thirds of these billionaires saw their fortunes expand, with Mark Zuckerberg's wealth increasing by $112.6 billion.
2023
The 37th annual edition of the Forbes list featured 2,640 billionaires with a collective net worth totaling $12.2 trillion, reflecting a decrease of 28 individuals and a $500 billion drop from 2022. More than half saw their fortunes diminish, including Elon Musk, who fell from first to second place. For the first time since 2013, when Mexican businessman Carlos Slim Helu led the rankings, a French national topped the list. The roster also included 15 billionaires under the age of 30, led by Red Bull heir Mark Mateschitz with $34.7 billion. The youngest members were Clemente Del Vecchio of the Luxottica fortune and Kim Jung-yang, associated with gaming company Nexon, both below age 20.