The 25 Biggest Billionaire Losers in 2024

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Sep 30 2024

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Source: Yahoo Finance

Billionaire Wealth Trends: The article discusses the significant wealth disparity in 2024, highlighting that while billionaires have increased their wealth by over $3 trillion since 2020, nearly five billion people have become poorer. It also notes the rise of millionaires in the U.S. and other countries, with a projected transfer of over $83.5 trillion to the next generation in the coming decades.
Biggest Billionaire Losers: A list of the 25 biggest billionaire losers in 2024 is presented, with François Pinault and Bernard Arnault experiencing the largest declines in net worth, losing $17.3 billion and $15.5 billion respectively. The article emphasizes the impact of economic challenges on these wealthy individuals, particularly in luxury markets.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.