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Ambani Family during the Wedding ceremony of Anant Ambani and Radhika Merchant at the Jio World Convention Centre, BKC on July 12, 2024 in Mumbai, India.
Photo: Raju Shinde/Hindustan Times via Getty Images (Getty Images)

There were more billionaires in 2024 than at any point in history, as the wealthiest people alive continue to accrue wealth in record numbers.

This is especially true among the upper echelons of the extremely wealthy. The 20 richest people in the world added $700 billion to their collective net worths in 2023, according to a Forbes analysis.

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