Forbes found 259 new billionaires over the past year as surging markets have pushed the number of people on Forbes’ World’s Billionaires list to a record-high 2,208. The newcomers can thank their lucky products, which range from cryptocurrency to animal style In-N-Out burgers to Hatchimals kids toys.
The richest newcomer of all: Francoise Bettencourt Meyers, at $42.2 billion. She became the new L’Oréal heiress and the wealthiest woman in Europe after her mother, Liliane Bettencourt, died at age 94 in September. The granddaughter of L’Oréal’s founder, Bettencourt Meyers had already been running the holding company through which she, her husband and their two sons own L’Oréal stock. She has also written three books, including one about the Greek gods.
In-N-Out Burger heiress Lynsi Snyder joins the billionaire ranks at $1.2 billion after celebrating a birthday to remember. In May Snyder turned 35—and received the final portion of her inheritance, boosting her stake in the beloved West Coast chain to an estimated 97% and making her a billionaire. Her grandparents founded In-N-Out in 1948. Her uncle and father, both previous company presidents, died young; by 2000, Snyder, then just 18, was the last family heir. She took over as president in 2010 and has since expanded the number of In-N-Out locations by nearly one-third to some 330.
More than three quarters of the newcomers made their fortunes the old-fashioned way: as self-made entrepreneurs. This includes Canadians Anton Rabie and Ronnen Harary, childhood friends (and co-CEOs) who put together $10,000 to found the toy company Spin Master in 1994. Their first product, the Earth Buddy, resembled a Chia Pet. Now Spin Master makes remote-control Air Hogs and robotic Hatchimals, plus produces the Nickelodeon Jr. TV show PAW Patrol. The co-CEOs are worth $1.3 billion each.
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Also debuting from Canada is Tobi Lütke, who founded Shopify—an ecommerce platform that powers some 600,000 online stores—in 2006. The German native learned to program by age 12 and dropped out of school at 16 for a computer engineering apprenticeship. He immigrated to Canada in 2003 after meeting his now-wife on a snowboarding trip to Whistler and eventually launched Shopify, which he took public in 2015. Shares are up 320% since then, propelling him to a $1.2 billion net worth—though he still bikes to work.
Other notable newcomers include Spain’s Alberto Palatchi ($1.1 billion), who sold 90% of wedding dress company Pronovias, which his father founded in 1922, for an estimated $655 million in October; Switzerland’s Thomas Flohr ($2.3 billion), who founded private aviation company VistaJet; and Americans Niraj Shah and Steve Conine ($1.6 billion each), who cofounded online home goods retailer Wayfair.
In all, Forbes found new billionaires in 35 countries around the globe. China added the most, with 89 newcomers, followed by the U.S. (with 45), India (18) and Germany (13). Telecom mogul Strive Masiyiwa ($1.4 billion) joins the list this year as Zimbabwe’s first-ever billionaire while Sandor Csanyi, whose company is one of the largest financial-services firms in Central and Eastern Europe, is the first to represent Hungary.
These new billionaires have amassed ten-digit fortunes in 18 different industries. Manufacturing leads the way, with 47 newcomers, followed by technology, with 29. The third most popular industry is finance and investments, with 24. That includes fortunes made in traditional financial services—including newcomers Edward Johnson IV and Elizabeth Johnson, the grandchildren of Fidelity Investments founder Edward Johnson II, worth $3.6 billion each—and, for the first time, new moguls making billions from the digital currency craze.
Chris Larsen, the richest man in crypto, joins with a net worth of $4.6 billion. He cofounded Ripple in 2012 to facilitate international payments for banks using blockchain technology. And Changpeng Zhao, known as CZ, joins with a fortune estimated to be $1.4 billion, thanks to Binance, the crypto exchange he launched—in July.
Here are all 259 newcomers to Forbes’ 2018 World’s Billionaires list:
Francoise Bettencourt Meyers & family | $42.2 bil | France | L'Oreal | Inherited |
Alexander Otto | $11.8 bil | Germany | Real estate | Inherited |
Wu Shaoxun | $7 bil | China | Wine | Self-made |
Marijke Mars | $5.9 bil | United States | Candy, pet food | Inherited |
Pamela Mars | $5.9 bil | United States | Candy, pet food | Inherited |
Valerie Mars | $5.9 bil | United States | Candy, pet food | Inherited |
Victoria Mars | $5.9 bil | United States | Candy, pet food | Inherited |
Sofie Kirk Kristiansen | $5.4 bil | Denmark | Lego | Inherited |
Thomas Kirk Kristiansen | $5.4 bil | Denmark | Lego | Inherited and growing |
Agnete Kirk Thinggaard | $5.4 bil | Denmark | Lego | Inherited |
Maria Fernanda Amorim & family | $5.1 bil | Portugal | Energy, investments | Inherited |
Gabriella Meister & family | $5 bil | Germany | Appliances | Inherited |
Lim Kok Thay | $4.7 bil | Malaysia | Casinos | Inherited and growing |
Chris Larsen | $4.6 bil | United States | Cryptocurrency | Self-made |
Paul Gauselmann & family | $4.4 bil | Germany | Gambling | Self-made |
Rocco Commisso | $4.3 bil | United States | Telecom | Self-made |
Fan Hongwei | $4.1 bil | China | Petrochemicals | Self-made |
Zhang Yiming | $4 bil | China | Software | Self-made |
Ben Ashkenazy | $4 bil | United States | Real estate | Self-made |
Zhang Xuexin & family | $4 bil | China | Aluminum | Self-made |
Ursula Bechtolsheimer-Kipp | $4 bil | Germany | Retail | Inherited |
Zeng Fangqin | $3.8 bil | China | Smartphone components | Self-made |
Katharina Otto-Bernstein | $3.8 bil | Germany | Real estate | Inherited |
Sarath Ratanavadi | $3.6 bil | Thailand | Energy | Self-made |
Edward Johnson IV | $3.6 bil | United States | Money management | Inherited |
Elizabeth Johnson | $3.6 bil | United States | Money management | Inherited |
Rodger Riney | $3.6 bil | United States | Discount brokerage | Self-made |
Gabriele Volkmann | $3.6 bil | Germany | Auto parts | Inherited |
Maren Otto | $3.5 bil | Germany | Retail, real estate | Inherited |
Melissa Ma | $3.4 bil | China | Internet search | Self-made |
Luo Liguo & family | $3.3 bil | China | Chemicals | Self-made |
Cheng Cheung Ling | $3.1 bil | China | Pharmaceuticals | Self-made |
Wang Jian | $3.1 bil | China | Healthcare services | Self-made |
Richard Sands | $3.1 bil | United States | Food & beverage | Inherited and growing |
Wu Kaiting | $3 bil | Hong Kong | Electronics | Self-made |
Luis Frias | $3 bil | Brazil | Mobile payments | Inherited and growing |
Robert Sands | $3 bil | United States | Food & beverage | Inherited and growing |
Don Vultaggio & family | $3 bil | United States | Arizona Beverages | Self-made |
Cai Dongchen | $2.9 bil | China | Pharmaceuticals | Self-made |
Chuck Bundrant | $2.9 bil | United States | Fishing | Self-made |
Zuo Hui | $2.7 bil | China | Real estate services | Self-made |
Zhang Wenzhong | $2.7 bil | China | Retail | Self-made |
Frank VanderSloot | $2.7 bil | United States | Nutrition and wellness products | Self-made |
Saeed Bin Butti Al Qebaisi | $2.7 bil | United Arab Emirates | Hospitals, investments | Self-made |
Shen Yuxing | $2.6 bil | China | Real estate | Self-made |
David Zalik | $2.5 bil | United States | Technology | Self-made |
Bert Beveridge | $2.5 bil | United States | Vodka | Self-made |
Koon Poh Keong | $2.4 bil | Malaysia | Aluminum | Self-made |
Jai Hari & Yadu Hari Dalmia & family | $2.4 bil | India | Cement | Inherited and growing |
Thomas Flohr | $2.3 bil | Switzerland | Vistajet | Self-made |
Bradley Jacobs | $2.3 bil | United States | Logistics | Self-made |
Murli Dhar & Bimal Kumar Gyanchandani | $2.3 bil | India | Detergents | Inherited and growing |
Tomas Olivo Lopez | $2.2 bil | Spain | Shopping centers | Self-made |
Ernest Garcia II | $2.2 bil | United States | Used cars | Self-made |
Shyam & Hari Bhartia | $2.2 bil | India | Diversified | Inherited and growing |
Alexey Repik | $2.1 bil | Russia | Pharmaceuticals | Self-made |
Li Xiting | $2.1 bil | China | Medical devices | Self-made |
Bob Gaglardi | $2.1 bil | Canada | Hotels | Self-made |
Mao Lixiang & family | $2.1 bil | China | Cooking appliances | Self-made |
Dong Wei | $2 bil | China | Pharmaceuticals | Self-made |
Li Ge | $2 bil | China | Biotech | Self-made |
Arvind Poddar | $2 bil | India | Tires | Inherited and growing |
Ramesh Juneja & family | $2 bil | India | Pharmaceuticals | Self-made |
Chuchat & Daonapa Petaumpai | $2 bil | Thailand | Motorcycle loans | Self-made |
Henry Laufer | $2 bil | United States | Hedge funds | Self-made |
Zhang Xuansong | $1.9 bil | China | Supermarket | Self-made |
Robin Zeng | $1.9 bil | Hong Kong | Batteries | Self-made |
Liang Jiankun & family | $1.9 bil | China | Cobalt mining | Self-made |
Zhou Xiaoguang & family | $1.9 bil | China | Real estate | Self-made |
Shmuel Harlap | $1.9 bil | Israel | Automotive | Inherited and growing |
Wu Yulan | $1.8 bil | China | Pharmaceuticals | Self-made |
Qin Hui | $1.8 bil | China | Movie theaters | Self-made |
Xu Hang | $1.8 bil | China | Medical devices | Self-made |
Yao Kuizhang | $1.8 bil | China | Beverages | Self-made |
Ba Duong Tran & family | $1.8 bil | Vietnam | Automotive | Self-made |
Pavel Durov | $1.7 bil | Russia | Messaging app | Self-made |
Wang Yanqing & family | $1.7 bil | China | Electrical equipment | Self-made |
Konstantin Strukov | $1.7 bil | Russia | Gold, coal mining | Self-made |
Jiang Yintai & family | $1.7 bil | China | Auto parts | Self-made |
Park Yeon-Cha | $1.7 bil | South Korea | Sneakers | Self-made |
Jerry Moyes | $1.7 bil | United States | Transportation | Self-made |
Niraj Shah | $1.6 bil | United States | Online retail | Self-made |
Steve Conine | $1.6 bil | United States | Online retail | Self-made |
Yu Rong | $1.6 bil | China | Health clinics | Self-made |
Melih Abdulhayoglu | $1.6 bil | Turkey | Internet security | Self-made |
Zhuang Kuilong & family | $1.6 bil | China | Polyester | Self-made |
Richard White | $1.6 bil | Australia | Software | Self-made |
Shin Dong-Guk | $1.6 bil | South Korea | Pharmaceuticals | Self-made |
Khalifa Al Muhairi | $1.5 bil | United Arab Emirates | Hospitals, investments | Self-made |
William Li | $1.5 bil | China | Automobiles | Self-made |
Andrey Andreev | $1.5 bil | Russia | Online dating | Self-made |
Ning Tang | $1.5 bil | China | Online lending | Self-made |
Zhang Tao | $1.5 bil | China | E-commerce | Self-made |
Huang Zhuangmian & family | $1.5 bil | China | Logistics | Self-made |
Anurang Jain | $1.5 bil | India | Auto parts | Self-made |
Wong Hong King | $1.5 bil | China | Real estate | Self-made |
Eren Ozmen | $1.5 bil | United States | Aerospace | Self-made |
Fatih Ozmen | $1.5 bil | United States | Aerospace | Self-made |
Jonathan Tisch | $1.5 bil | United States | Insurance, sports team | Inherited |
Lee Yin Yee | $1.5 bil | China | Glass | Self-made |
Jose Joao Abdalla Filho | $1.5 bil | Brazil | Investments | Inherited and growing |
Nigel Austin | $1.4 bil | Australia | Retailing | Self-made |
Li Liangbin | $1.4 bil | China | Lithium | Self-made |
Zhang Yubai | $1.4 bil | China | Wine | Self-made |
Du Weimin | $1.4 bil | China | Vaccines | Self-made |
Dinesh Nandwana | $1.4 bil | India | Software services | Self-made |
Fuat Tosyali | $1.4 bil | Turkey | Steel | Self-made |
Krishna Kumar Bangur | $1.4 bil | India | Graphite electrodes | Inherited and growing |
Strive Masiyiwa | $1.4 bil | Zimbabwe | Telecom | Self-made |
Su Rubo | $1.4 bil | China | Real estate | Self-made |
Zhou Yongli & family | $1.4 bil | China | Conglomerate | Self-made |
Liu Ko-chen & family | $1.4 bil | Taiwan | Manufacturing | Self-made |
R.G. Chandramogan | $1.4 bil | India | Dairy | Self-made |
Ou Xueming | $1.4 bil | China | Real estate | Self-made |
Jerzy Starak | $1.4 bil | Poland | Pharmaceuticals | Self-made |
Henry Cheng | $1.4 bil | Hong Kong | Property | Inherited and growing |
Changpeng Zhao | $1.4 bil | China | Cryptocurrency | Self-made |
Ginia Rinehart | $1.3 bil | Australia | Mining | Inherited |
Hope Welker | $1.3 bil | Australia | Mining | Inherited |
Bianca Rinehart | $1.3 bil | Australia | Mining | Inherited |
John Hancock | $1.3 bil | Australia | Mining | Inherited and growing |
Ronnen Harary | $1.3 bil | Canada | Toys | Self-made |
Anton Rabie | $1.3 bil | Canada | Toys | Self-made |
Shum Chiu Hung | $1.3 bil | China | Real estate | Self-made |
Andre Koo | $1.3 bil | Taiwan | Financial services | Inherited and growing |
Gao Yunfeng | $1.3 bil | China | Industrial lasers | Self-made |
Fatih Tosyali | $1.3 bil | Turkey | Steel | Self-made |
Yu Qibing & family | $1.3 bil | China | Glass | Self-made |
Li Jiaquan | $1.3 bil | China | Chemicals | Self-made |
Ayhan Tosyali | $1.3 bil | Turkey | Steel | Self-made |
Lin Fanlian | $1.3 bil | China | Gas | Self-made |
Jayshree Ullal | $1.3 bil | United States | Technology | Self-made |
Yu Yunxin | $1.3 bil | China | Costume jewelry | Self-made |
Long Tran Dinh | $1.3 bil | Vietnam | Steel, heavy industry | Self-made |
Yang Tingdong | $1.3 bil | China | Brewery | Self-made |
Hu Keqin & family | $1.3 bil | China | Chemicals | Self-made |
Erol Tabanca | $1.3 bil | Turkey | Construction | Self-made |
Shao Qinxiang | $1.3 bil | China | Diversified | Self-made |
Craig Newmark | $1.3 bil | United States | Craigslist | Self-made |
Stephen T. Winn | $1.3 bil | United States | Real estate services | Self-made |
Jeffrey Cheah | $1.3 bil | Malaysia | Property | Self-made |
Wan Long | $1.3 bil | China | Food | Self-made |
Karin Schick | $1.3 bil | Germany | Information technology | Inherited and growing |
Yang Meirong | $1.3 bil | China | Education | Self-made |
Lynsi Snyder | $1.2 bil | United States | In-N-Out Burger | Inherited |
Tobi Lutke | $1.2 bil | Canada | E-commerce | Self-made |
Tomasz Biernacki | $1.2 bil | Poland | Supermarkets | Self-made |
Igor Rybakov | $1.2 bil | Russia | Building materials | Self-made |
Sergei Kolesnikov | $1.2 bil | Russia | Building materials | Self-made |
Chen Bo & family | $1.2 bil | China | Wind power generation | Self-made |
Zhang Xuanning | $1.2 bil | China | Retail | Self-made |
Xu Xudong & family | $1.2 bil | China | Auto parts | Self-made |
Xue Hua | $1.2 bil | China | Agribusiness | Self-made |
Li Xuhui | $1.2 bil | China | Soy sauce maker | Self-made |
Mikhail Shelkov | $1.2 bil | Russia | Titanium | Self-made |
Liu Jiang | $1.2 bil | China | Gas | Self-made |
Peng Hao | $1.2 bil | China | Electronics | Self-made |
Fang Hongbo | $1.2 bil | China | Home appliances | Self-made |
Li Jun | $1.2 bil | China | Electronics | Self-made |
Zhou Wenyu | $1.2 bil | China | Real estate | Self-made |
Jiang Ganjun | $1.2 bil | China | Home & office products | Self-made |
Li Guangyu | $1.2 bil | China | Education | Self-made |
Ivar Erik Tollefsen | $1.2 bil | Norway | Real estate | Self-made |
Yan Yude | $1.2 bil | China | Private schools | Self-made |
Brett Blundy | $1.2 bil | Australia | Retail, agribusiness | Self-made |
Huang Jianrong & family | $1.2 bil | China | Minerals | Self-made |
Lim Wee Chai | $1.2 bil | Malaysia | Rubber gloves | Inherited and growing |
Yang Shaopeng | $1.2 bil | China | Shipping | Self-made |
Stefan Pierer | $1.2 bil | Austria | Automotive | Self-made |
Wang Wenbiao | $1.2 bil | China | Natural gas, fertilizers | Self-made |
Phongthep Chiaravanont | $1.2 bil | Thailand | Diversified | Inherited |
Kochouseph Chittilappilly | $1.2 bil | India | Manufacturing | Self-made |
Hemendra Kothari | $1.2 bil | India | Financial services | Inherited and growing |
Eiichi Kuriwada | $1.2 bil | Japan | Package delivery | Self-made |
Donald Foss | $1.2 bil | United States | Auto loans | Self-made |
Dennis Gillings | $1.2 bil | United Kingdom | Drug testing | Self-made |
Francis Holder | $1.2 bil | France | Bakeries | Self-made |
Helga Kellerhals | $1.2 bil | Germany | Electronics retailer | Self-made |
Basudeo Singh | $1.2 bil | India | Pharmaceuticals | Self-made |
Zhou Bajin | $1.2 bil | China | Auto parts | Self-made |
Min-Liang Tan | $1.1 bil | Singapore | Gaming | Self-made |
Yao Jinbo | $1.1 bil | China | Online marketplace | Self-made |
Niti Osathanugrah | $1.1 bil | Thailand | Investments | Inherited and growing |
Igor Rotenberg | $1.1 bil | Russia | Construction, real estate | Self-made |
Cai Rongjun | $1.1 bil | China | Electronic components | Self-made |
Dang Yanbao | $1.1 bil | China | Coal | Self-made |
David Xueling Li | $1.1 bil | China | Live streaming service | Self-made |
Jenny Lindén Urnes | $1.1 bil | Sweden | Powdered metal | Inherited and growing |
Liang Feng | $1.1 bil | China | Manufacturing | Self-made |
Huang Shilin | $1.1 bil | China | Storage batteries | Self-made |
Gretel Packer | $1.1 bil | Australia | Casinos | Inherited |
Yves-Loic Martin | $1.1 bil | France | Laboratory services | Self-made |
Lam Lung On & family | $1.1 bil | China | Real estate | Self-made |
Lee Joon-Ho | $1.1 bil | South Korea | Online games | Self-made |
Li Weiguo | $1.1 bil | China | Construction materials | Self-made |
Chen Shiliang | $1.1 bil | China | Polyester | Self-made |
Vladimir Kogan | $1.1 bil | Russia | Banking | Self-made |
Michael O'Leary | $1.1 bil | Ireland | Ryanair | Self-made |
Xia Zuoquan | $1.1 bil | China | Automobiles | Self-made |
Frank Laukien | $1.1 bil | United States | Scientific equipment | Inherited and growing |
Frank Otto | $1.1 bil | Germany | Retail | Inherited |
Julio Patricio Supervielle | $1.1 bil | Argentina | Banking | Inherited and growing |
Zhou Zongwen & family | $1.1 bil | China | Jewelry | Self-made |
Joseph Edelman | $1.1 bil | United States | Hedge funds | Self-made |
Sandor Csanyi | $1.1 bil | Hungary | Finance, real estate | Self-made |
Delfin Jorge Ezequiel Carballo | $1.1 bil | Argentina | Banking | Self-made |
Chatchai Kaewbootta | $1.1 bil | Thailand | Auto loans | Self-made |
Stephen Smith | $1.1 bil | Canada | Finance and investments | Self-made |
Laurie Tisch | $1.1 bil | United States | Insurance, sports team | Inherited |
Alberto Palatchi | $1.1 bil | Spain | Wedding dresses | Self-made |
Steven Tisch | $1.1 bil | United States | Insurance | Inherited |
Hiroshi Ishibashi | $1.1 bil | Japan | Tires | Inherited |
Richard Kayne | $1.1 bil | United States | Investments | Self-made |
James Truchard | $1.1 bil | United States | Software | Self-made |
Myron Wentz | $1.1 bil | St. Kitts and Nevis | Health products | Self-made |
J. Hyatt Brown | $1.1 bil | United States | Insurance | Inherited and growing |
Vardis Vardinoyannis & family | $1.1 bil | Greece | Oil and gas | Self-made |
Sheela Gautam | $1.1 bil | India | Mattresses | Self-made |
Liang Shezeng | $1.1 bil | China | Real estate | Self-made |
Bu Yang | $1.1 bil | China | Retail | Self-made |
Manas Chiaravanond | $1.1 bil | Thailand | Diversified | Inherited |
Yupa Chiaravanond | $1.1 bil | Thailand | Diversified | Inherited |
Prathip Chiravanond | $1.1 bil | Thailand | Diversified | Inherited |
Wolfgang Egger | $1.1 bil | Germany | Real estate | Self-made |
Madhu Kapur | $1.1 bil | India | Banking | Inherited |
Kim Dae-Il | $1 bil | South Korea | Mobile gaming | Self-made |
Susumu Fujita | $1 bil | Japan | Internet media | Self-made |
Pete Bodharamik | $1 bil | Thailand | Telecom | Inherited |
Lu Weiding | $1 bil | China | Diversified | Inherited and growing |
Yang Jianxin & family | $1 bil | China | Apparel | Self-made |
Dirk Stroeer | $1 bil | Germany | Advertising | Inherited |
Carolyn Rafaelian | $1 bil | United States | Jewelry | Self-made |
Zhu Xingming | $1 bil | China | Electrical equipment | Self-made |
Zhuo Jun | $1 bil | Hong Kong | Printed circuit boards | Inherited and growing |
Liu Jincheng & family | $1 bil | China | Lithium batteries | Self-made |
Eduard Chukhlebov | $1 bil | Russia | Metallurgy | Self-made |
Michael Kim | $1 bil | South Korea | Investment | Self-made |
Tarang Jain | $1 bil | India | Auto components | Inherited and growing |
Zhou Liangzhang & family | $1 bil | China | Electrical equipment | Self-made |
Huang Xiaofen & family | $1 bil | China | Printed circuit boards | Self-made |
Igor Kudryashkin | $1 bil | Russia | Metallurgy | Self-made |
Nirmal Minda | $1 bil | India | Auto parts | Inherited and growing |
Raamdeo Agrawal | $1 bil | India | Financial services | Self-made |
Chen Jianming | $1 bil | China | Real estate | Self-made |
Theodore Leonsis | $1 bil | United States | Sports teams | Self-made |
Sathien Setthasit | $1 bil | Thailand | Energy drinks | Self-made |
David Hall | $1 bil | United States | Automotive technology | Self-made |
Ravindra Kishore Sinha | $1 bil | India | Security services | Self-made |
Peter-Alexander Wacker | $1 bil | Germany | Chemicals | Inherited and growing |
Henry Davis | $1 bil | United States | Beef processing | Inherited and growing |
Francois Feuillet | $1 bil | France | Motorhomes, RVs | Inherited and growing |
Paul Little | $1 bil | Australia | Logistics, real estate | Self-made |
Sam Tarascio | $1 bil | Australia | Real estate | Self-made |
Lawrence Rossy | $1 bil | Canada | Dollarama | Self-made |
Jack Cockwell | $1 bil | Canada | Real estate, private equity | Self-made |
Robert Toll | $1 bil | United States | Home building | Self-made |
Duncan MacMillan | $1 bil | United States | Bloomberg LP | Self-made |
Morris Chang | $1 bil | Taiwan | Semiconductors | Self-made |
Alice Schwartz | $1 bil | United States | Biotech | Self-made |