Taylor Swift, Magic Johnson, and Sam Altman are among the 265 new faces on Forbes' annual list of billionaires, published this week. The full rankings feature a record 2,781 people, worth an unprecedented $14.2 trillion between them as of March 8.
Swift, with a net worth of $1.1 billion, has joined the three-comma club thanks to her successful global concert tour, 'The Eras Tour,' which has generated over $1 billion in revenue. Additionally, her music catalog and real estate holdings contribute to her wealth.
Johnson, worth $1.2 billion, is known for his basketball career with the Los Angeles Lakers. Since retiring, he has diversified his investments, owning stakes in sports teams like the Washington Commanders and the Los Angeles Dodgers, as well as ventures in Starbucks franchises, movie theaters, and real estate.
Altman, with a net worth of $1 billion, is the CEO of OpenAI, a company known for its artificial intelligence innovations. His wealth stems from strategic investments in companies like Stripe and Reddit, as well as his leadership at Y Combinator.
The list also includes Andrea Pignataro, the wealthiest newcomer at $27.5 billion, attributed to his financial-software company ION Group. The rise of AI, cryptocurrencies, and tech advancements has propelled individuals like Charles Liang, Lisa Su, and Antonio Gracias to billionaire status.
Other notable newcomers on the list are Todd Graves, Dick Wolf, Christian Louboutin, and the cofounders of Shein. Axel Springer, the parent company of Business Insider, has a partnership with OpenAI for training AI models.
