Rumors that pop star Taylor Swift is a dollar billionaire were confirmed by Forbes on Tuesday. The American superstar became one of the new members of the so-called "Three Comma Club," whose name means three commas when you write a billion in numbers, UNN reports .
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Taylor Swift with a net worth of $1.1 billion joined the 2024 ranking. She is the first musician to do so exclusively through songwriting and performing, following the record-breaking first leg of her Eras tour.
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The richest person on the Forbes list is Bernard Arnault, who has been ranked first for the second year in a row. The French luxury goods mogul is estimated to be worth $233 billion, up $22 billion from 2023, thanks to another record year for his LVMH conglomerate, the company behind brands such as Louis Vuitton, Tiffany & Co. and Sephora.
He is $38 billion richer than the world's second-richest man , Elon Musk, whose fortune is estimated at $195 billion.
Right behind him, at number 3, is Jeff Bezos of Amazon, whose fortune is estimated at $194 billion.
For this year's ranking, Forbes used stock prices and exchange rates as of March 8, 2024.
The United States is once again the country with the largest number of billionaire citizens, with a record 813 citizens.
China is in second place with 473 billionaires.
India is also growing rapidly. There are now 200 billionaires in India, the most in history, with a net worth of $954 billion.
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The Forbes World's Billionaires list is a ranking of all people on the planet with a net worth of $1 billion or more as of March 8, 2024. To determine their wealth, Forbes examines thousands of Securities and Exchange Commission and other regulatory filings, court documents, probate records, and news articles.