Forbes' 2023 Billionaire and Hedge Fund Manager Rankings Unveiled

Forbes's 2023 billionaire ranking shows that most crypto billionaires, including Elon Musk and Sam Bankman-Fried, have suffered a decline in their fortunes, while sports billionaires, including LeBron James and Tiger Woods, have joined the ranks. The number of billionaires worldwide has decreased to 2,640, and they are collectively $500 billion poorer than in 2022. Luxury goods and sports teams are more valuable than ever, while crypto billionaires have taken a huge hit due to a slump in crypto prices and increased regulatory scrutiny. Forbes's annual tallying of billionaires began in 1987, and of the 2,640 in 2023, 735 are American.