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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.
How Most Billionaires Made Their Money
⏲ 1:52 👁 14.1M
Drew Gooden
I bought every ad I saw on instagram for a week
⏲ 22 minutes 55 seconds 👁 3.8M
Cold Ones
We Bought Every Dumb Ad We Saw
⏲ 31 minutes 6 seconds 👁 4.5M
Today, AD travels to Phoenix, Arizona, to tour the David and Gladys Wright house—the home designed by architect Frank Lloyd Wright for his son. When your father is America’s most celebrated architect, the greatest gift he could give you is a house, and this unique home uses many of the same ideas Lloyd Wright incorporated in the design of the Guggenheim Museum. The spiral structures, often symbolizing the infinite or longevity, are poetic, as David and his wife Gladys lived to be over 100 years old in this house. After many years of neglect and threats of demolition, father-and-daughter duo Bing and Amanda Hu bought the house and have since been on a mission to restore it to its former glory, keeping its legacy alive.
Inside The Home Frank Lloyd Wright Designed For His Son
⏲ 15:27 👁 3.1M
Happy Kelli
#Ad A lot can happen in a fortnight 🥲 #ForAFortnightChallenge @TaylorSwift
⏲ 15 seconds 👁 27.5K
Allison Florea
#Ad Two weeks of magic and memories ✨ #ForAFortnightChallenge
⏲ 15 seconds 👁 2.4K
Thomas Plantenga bet the future of Vinted on a television advertisement. The secondhand clothing resale app was burning $1 million per month and had less than a year of cash left when Plantenga made an $800,000 gamble on French television. It was May 2016, and Plantenga had recently been hired to save the eight-year-old Lithuanian startup. After its founding at a college party in 2008, Vinted had grown rapidly as people from 10 countries used its platform to buy and sell secondhand clothes. <br/><br/>But it was free for users, barely covering its server costs with advertising, and an attempt in 2014 to bolt on a Poshmark-style 20% sales commission resulted in a user revolt. Traffic almost halved overnight. The Netherlands-born Plantenga, who had never been to Lithuania, signed up for a five-week gig as a consultant in May 2016. He ended up becoming Vinted’s CEO 18 months later.<br/><br/>Seven years later, Vinted is one of Europe’s largest consumer marketplaces, with over $600 million of revenue in 2023. It now counts 100 million users glo­bally. Last year, it posted its first annual profit—at least $20 million—distinguishing it from its loss-making American cousins including The Real­Real (valued at $360 million), ThredUp ($200 million) and Poshmark (sold for $1.2 billion). Vinted became the Baltic nation’s first unicorn in 2019 when it raised $140 million at a $1.1 billion valuation, and sales have since grown sixfold. <br/><br/>Read the full story on Forbes: https://www.forbes.com/sites/iainmartin/2024/04/15/how-lithuanian-startup-vinted-spun-secondhand-clothes-sales-into-gold/?sh=5a47e3eaa3f0<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.
How Lithuanian Startup Vinted Spun Secondhand Clothes Sales Into Gold | Forbes
⏲ 5:56 👁 1.4M
The Fluellen Fam
#Ad Happy Earth Day! Let’s celebrate nature and go on a hike☀️ ​⁠@NatureValleyTV​⁠​@Walmart
⏲ 36 seconds 👁 80.4K
JamaicanCoconut
This was the PERFECT flip reset
⏲ 1 minute 👁 23.1K
On the House floor, Rep. Chip Roy (R-TX) slammed the foreign aid bill being considered.<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/><br/>Stay Connected<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
BREAKING NEWS: Chip Roy Directly Calls Out Speaker Johnson In Fiery Rant Against Foreign Aid Bill
⏲ 2:23 👁 30.4M
Autumn Bates
High protein cottage cheese bowl #ad
⏲ 59 seconds 👁 5.7K
Lucie J. Lass
#AD Spend a Fortnight with Me, Jude, and Taylor Swift! #ForAFortnightChallenge #taylorswift #ttpd
⏲ 16 seconds 👁 72.2K
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