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_how-most-billionaires-made-their-money.webp "You don’t have to be a finance whiz to make Forbes’ World’s Billionaires list, but it sure does help. While people have gotten super-rich in everything from soy sauce to palm oil to damaged cars, being in finance, whether private equity or hedge funds or venture capital, is the most common way the world’s wealthiest got so rich.<br/><br/>In fact, nearly one in six billionaires, or just over 15%, made their money in finance and investments: these 427 individuals hail from countries as mixed as Estonia, Kazakhstan, Japan and the U.S. That’s up from the 372 names a year ago and includes 37 newcomers including Ben Navarro, founder of Sherman Financial Group (who is worth an estimated $1.5 billion), Cristina Junqueira of the Brazil-based digital bank Nubank ($1.4 billion) and Antonio Gracias, founder and CEO of Valor Equity Partners ($1.1 billion).<br/><br/>These billionaires—who also include bankers, fintech founders and full-time investors—are worth $2.17 trillion in all. Nearly two-thirds are richer than in 2023, no one more than Warren Buffett, who added $27 billion to his net worth thanks to record-high share prices for his conglomerate Berkshire Hathaway.<br/><br/>Read the full story on Forbes: <br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
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_how-much-is-donald-trump39s-truth-social-really-worth.webp "Is Trump’s Twitter knockoff really worth billions? Forbes money in politics reporter Kyle Mullins joins \")
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_inside-the-buzzy-ai-startup-coming-for-google39s-lunch.webp "In August 2022, Aravind Srinivas and Denis Yarats waited outside Meta AI chief Yann LeCun’s office in lower Manhattan for five long hours, skipping lunch for the chance to give the NYU professor a demo of their AI program. Once they showed him how their model could search through platforms like LinkedIn, GitHub and Twitter and surface content that GoogleGOOG -1.8% could not, such as the accounts that most frequently replied to LeCun’s tweets, he was impressed enough with the program’s accuracy to invest.<br/><br/>He was one of several tech VIPs, including Google Chief Scientist Jeff Dean, former GitHub CEO Nat Friedman, OpenAI cofounder Andrej Karpathy and prominent angel investor Elad Gil, who got similar personalized demos — and collectively invested $3.1 million in a September 2022 seed round. “It was very relatable for them to go and search about their own Twitter,” Srinivas told Forbes.<br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/rashishrivastava/2024/04/11/inside-the-buzzy-ai-startup-coming-for-googles-lunch/?sh=576d9dbb1781<br/><br/>Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1<br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/>Stay Connected<br/>Forbes newsletters: https://newsletters.editorial.forbes.com<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com<br/><br/>Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.")
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