The 5 Billionaires Who Have Most Seen Their Fortunes Shrink in 2024!

Written by Roberta Souza

Published on 24/12/2024 at 11:14

Foto/reprodução: Divulgação

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Discover How The Winds Of The Global Economy Affected The Fortunes Of The Richest In A Year Of Financial Surprises

The year 2024 was a real rollercoaster for many billionaires. While some, like Elon Musk, celebrated the impressive milestone of US$ 400 billion, others felt the tide turn. In the United States, stocks shined, but outside of it, the story was quite different.

The 20 richest people in the world together amassed US$ 3 trillion, but not everything was rosy, according to Forbes.

Bernard Arnault: The Fall Of The Luxury Empire

For Bernard Arnault, the year started promisingly, but soon the winds changed. The luxury goods magnate saw his fortune drop by US$ 24.7 billion.

ARTICLE CONTINUES BELOW

Carlos Slim Helú: Telecommunications Under Pressure

Carlos Slim Helú also faced his challenge. With América Móvil experiencing a decline of nearly 20% in stock prices and the Mexican peso depreciating, he saw US$ 22.9 billion evaporate.

economy - money - billionaires - — Photo/reproduction: Disclosure

The Mexican billionaire now has US$ 81.3 billion, but he remains one of the biggest names in the sector.

Françoise Bettencourt Meyers: Beauty In The Eye Of The Storm

The heir of L’Oréal, Françoise Bettencourt Meyers, also did not escape the setbacks of 2024. With a 24% drop in the company’s stock, her wealth decreased by US$ 22 billion.

Even so, she holds the title of the second richest woman on the planet, with US$ 74.7 billion.

Colin Huang: E-Commerce And The Tides Of The Economy

In China, Colin Huang saw his position change rapidly. After a quarter below expectations, PDD Holdings’ stock fell and his fortune shrank by US$ 15.3 billion. He now stands with US$ 36 billion.

Bill Gates: Philanthropy And Financial Adjustments

And then we have Bill Gates, who saw US$ 12 billion leave his account. But don’t worry, it wasn’t the market that caused this. He transferred part of his fortune to support the philanthropic projects of his ex-wife, Melinda French Gates. Generous, isn’t it?

Reflections On A Year Of Challenges

2024 showed that even the richest are not immune to economic storms. The losses of these five total US$ 97 billion, but they still have much to recover.

What remains now is to see how billionaires will navigate these uncertain waters in the coming years. After all, it’s not just highs that the world of fortunes lives on!

The 5 Billionaires Who Have Most Seen Their Fortunes Shrink in 2024!

Discover How The Winds Of The Global Economy Affected The Fortunes Of The Richest In A Year Of Financial Surprises

Bernard Arnault: The Fall Of The Luxury Empire

Carlos Slim Helú: Telecommunications Under Pressure

Françoise Bettencourt Meyers: Beauty In The Eye Of The Storm

Colin Huang: E-Commerce And The Tides Of The Economy

Bill Gates: Philanthropy And Financial Adjustments

Reflections On A Year Of Challenges

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

The largest port in SC will invest R$ 12.5 million in two new lanes on BR-280 to ease truck access, reduce bottlenecks, and wear on the asphalt, in a 1.4 km project expected to be completed within 10 months after commencement.

Tons of beer bagasse left over from production are transformed into lightweight construction panels with corn starch, can replace traditional plant materials, and reduce industrial waste in cities.

While showcasing bullet trains traveling at over 300 km/h, China maintains about 81 slow train lines that travel at 40 km/h, charge less than R$ 2 for a ticket, and cross remote villages carrying residents, students, and even chickens and vegetables to the market.

While many cities discard still functional doors, windows, and panels, London sets up a giant materials bank, salvages pieces from demolitions, and inspires a new circular economy in the construction sector.

The Destinus S promises to turn the Atlantic into a 90-minute crossing: a hypersonic plane for 25 passengers, powered by liquid hydrogen, aiming for Mach 5 by combining turbine, rocket, and glider in an architecture capable of surpassing the Concorde and the SR-71 Blackbird.

The 5 Billionaires Who Have Most Seen Their Fortunes Shrink in 2024!

Discover How The Winds Of The Global Economy Affected The Fortunes Of The Richest In A Year Of Financial Surprises

Bernard Arnault: The Fall Of The Luxury Empire

Carlos Slim Helú: Telecommunications Under Pressure

Françoise Bettencourt Meyers: Beauty In The Eye Of The Storm

Colin Huang: E-Commerce And The Tides Of The Economy

Bill Gates: Philanthropy And Financial Adjustments

Reflections On A Year Of Challenges

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

Philippines begin construction of the country’s largest desalination plant in a city without enough fresh water to grow, and the 66,500 m³ per day plant will transform the sea into drinking water for 50,000 homes in 24 months with reverse osmosis technology from SUEZ and JEMCO.

Turkey is building a billion-dollar shortcut to channel billions of dollars by sea with a 45 km long canal, 275 meters wide and 20.75 meters deep, which promises to relieve the Bosphorus amid the crisis in the Strait of Hormuz.

A probe in the North Sea has confirmed a new oil field in Norway that will be quickly connected to the Snorre platform and added to production without needing to build new infrastructure.

Carrefour, Assaí, and Atacadão supermarkets will have to follow a new rule on holidays.

INSS gives retirees until June 20 to contest undue deductions, after returning more than R$ 3 billion to 4.5 million people, and an agreement allows receiving corrected amounts within up to three business days directly into the benefit account.

WEG chooses a city with 51,000 inhabitants in SC to build a R$ 900 million factory, produce giant energy equipment, and generate around 1,000 direct jobs in a project connected to the Santa Catarina ports and expected to operate in 2028.

The largest port in SC will invest R$ 12.5 million in two new lanes on BR-280 to ease truck access, reduce bottlenecks, and wear on the asphalt, in a 1.4 km project expected to be completed within 10 months after commencement.

Tons of beer bagasse left over from production are transformed into lightweight construction panels with corn starch, can replace traditional plant materials, and reduce industrial waste in cities.

While showcasing bullet trains traveling at over 300 km/h, China maintains about 81 slow train lines that travel at 40 km/h, charge less than R$ 2 for a ticket, and cross remote villages carrying residents, students, and even chickens and vegetables to the market.

While many cities discard still functional doors, windows, and panels, London sets up a giant materials bank, salvages pieces from demolitions, and inspires a new circular economy in the construction sector.

The Destinus S promises to turn the Atlantic into a 90-minute crossing: a hypersonic plane for 25 passengers, powered by liquid hydrogen, aiming for Mach 5 by combining turbine, rocket, and glider in an architecture capable of surpassing the Concorde and the SR-71 Blackbird.