Forbes just released its 2024 Billionaires List. It shows that there are 2,781 billionaires globally, who together own $14.2 trillion. In India, there are 200 billionaires now, up from 169 last year. They have a total wealth of $954 billion, which is a big increase from $675 billion in 2023. Some people had to leave the list because they no longer have at least $1 billion.

While the list saw additions, some names were also removed. About 189 people, falling below the $1 billion mark, lost their elite club membership, as reported by Forbes.

Some well-known billionaires like Gary Lauder, linked to Estée Lauder, and Hajime Satomi, former CEO of Sega Sammy, are no longer on the list, along with David Tran, who owns the Sriracha hot sauce company.

Byju Raveendran, co-founder of the Indian educational app BYJU’S, was omitted from the Forbes billionaires list. His net worth plummeted to $0 from $2.1 billion, reflecting the current challenges faced by Byju’s, including funding difficulties and accounting concerns. Earlier this year, shareholders removed Byju as CEO.

<h2>Crisis in the edtech firm</h2>

In a recent development reported by Moneycontrol.com, Byju's&nbsp;has started the&nbsp;process of employee layoffs as part of its ongoing business restructuring efforts.&nbsp;According to sources cited in the report, Byju's is conducting the layoffs primarily through phone calls, followed by email notifications to affected employees.

These notifications specify the termination date as March 31, 2024, and instruct employees to comply with exit procedures, including the return of company assets and proprietary information.

The report suggests that the layoffs are expected to affect a major&nbsp;portion of Byju's workforce, with estimates ranging between 100 to 500 employees. The sales division appears to be particularly vulnerable to these restructuring measures.

<a href="https://www.wionews.com/business-economy/byjus-firing-employees-over-phone-call-without-giving-them-any-notice-period-report-706882">Also read |&nbsp;Byju’s fires over 500 staffers over phone calls after reported delayed salaries</a>

<h2>Which nations witnessed a decline in their billionaire count?</h2>

China faced the largest decrease in billionaire numbers, with the country shedding 133 billionaires (including Hong Kong and Macau) compared to the previous year. The United States had only eight people&nbsp;lose their billionaire status, followed by Japan with six losses, and Russia with five.

Also watch |&nbsp;Gravitas | Byju's rapid fall after a meteoric rise

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(With inputs from agencies)

Forbes just released its 2024 Billionaires List. It shows that there are 2,781 billionaires globally, who together own $14.2 trillion. In India, there are 200 billionaires now, up from 169 last year.

Forbes just released its 2024 Billionaires List. It shows that there are 2,781 billionaires globally, who together own $14.2 trillion. In India, there are 200 billionaires now, up from 169 last year. They have a total wealth of $954 billion, which is a big increase from $675 billion in 2023. Some people had to leave the list because they no longer have at least $1 billion. While the list saw additions, some names were also removed. About 189 people, falling below the $1 billion mark, lost their elite club membership, as reported by Forbes. Some well-known billionaires like Gary Lauder, linked to Estée Lauder, and Hajime Satomi, former CEO of Sega Sammy, are no longer on the list, along with David Tran, who owns the Sriracha hot sauce company. Byju Raveendran, co-founder of the Indian educational app BYJU’S, was omitted from the Forbes billionaires list. His net worth plummeted to $0 from $2.1 billion, reflecting the current challenges faced by Byju’s, including funding difficulties and accounting concerns. Earlier this year, shareholders removed Byju as CEO. Crisis in the edtech firm In a recent development reported by Moneycontrol.com, Byju's has started the process of employee layoffs as part of its ongoing business restructuring efforts. According to sources cited in the report, Byju's is conducting the layoffs primarily through phone calls, followed by email notifications to affected employees. These notifications specify the termination date as March 31, 2024, and instruct employees to comply with exit procedures, including the return of company assets and proprietary information. The report suggests that the layoffs are expected to affect a major portion of Byju's workforce, with estimates ranging between 100 to 500 employees. The sales division appears to be particularly vulnerable to these restructuring measures. Also read | Byju’s fires over 500 staffers over phone calls after reported delayed salaries Which nations witnessed a decline in their billionaire count? China faced the largest decrease in billionaire numbers, with the country shedding 133 billionaires (including Hong Kong and Macau) compared to the previous year. The United States had only eight people lose their billionaire status, followed by Japan with six losses, and Russia with five. Also watch | Gravitas | Byju's rapid fall after a meteoric rise (With inputs from agencies)

Forbes world’s billionaires list: Byju Raveendran no longer a billionaire, now has $0 net worth

Elon Musk no longer the world's richest, according to Forbes Billionaires List

Kylie Jenner on Tuesday was named the youngest self-made billionaire of all time by Forbes magazine, thanks to the booming cosmetics company she founded three years ago. 
 
Jenner, 21, the half-sister of reality television stars Kim, Khloe and Kourtney Kardashian, made it onto the annual Forbes list of billionaires after debuting her Kylie Cosmetics online in 2015 with $29 lip kits containing matching lipstick and lip liner. 
 
Forbes said she was both the world`s youngest billionaire and also the youngest self-made billionaire ever. 
 
On their billionaires list, Forbes distinguishes between those who inherited much of their wealth and those who made their fortunes on their own. Kylie would be in 2,057th place whether she was self-made or inherited. 
 
Last year, Kylie Cosmetics did an estimated $360 million in sales, according to Forbes. Jenner, who has a one year-old daughter, owns 100 percent of the company. 
 
She also makes money from endorsements and appearances on cable TV`s 'Keeping Up with the Kardashians,'&nbsp;and was ranked at number 2,057 on the Forbes 2019 list.&nbsp; 
 
Kylie Cosmetics last year signed a deal with Ulta Beauty Inc to put her products in all of the retailer`s 1,163 U.S. stores. 
Forbes put 2,153 billionaires on its 2019 list, down from 2,208 in 2018, and said their total combined net worth was $8.7 trillion, down from $9.1 trillion in 2018.&nbsp; 
 
The richest person in the world remained Amazon.com Inc Chief Executive Officer Jeff Bezos, whose net worth increased to $131 billion from $112 billion in 2018, according to Forbes. 
 
Microsoft Corp co-founder Bill Gates remained in the No. 2 position with an estimated fortune of $96.5 billion, up from $90 billion last year. 
 
Facebook founder and CEO Mark Zuckerberg dropped three places to No. 8, as his fortune fell by $8.7 billion to $62.3 billion.

Kylie Jenner on Tuesday was named the youngest self-made billionaire of all time by Forbes magazine, thanks to the booming cosmetics company she founded three years ago.

Kylie Jenner on Tuesday was named the youngest self-made billionaire of all time by Forbes magazine, thanks to the booming cosmetics company she founded three years ago. Jenner, 21, the half-sister of reality television stars Kim, Khloe and Kourtney Kardashian, made it onto the annual Forbes list of billionaires after debuting her Kylie Cosmetics online in 2015 with $29 lip kits containing matching lipstick and lip liner. Forbes said she was both the world`s youngest billionaire and also the youngest self-made billionaire ever. On their billionaires list, Forbes distinguishes between those who inherited much of their wealth and those who made their fortunes on their own. Kylie would be in 2,057th place whether she was self-made or inherited. Last year, Kylie Cosmetics did an estimated $360 million in sales, according to Forbes. Jenner, who has a one year-old daughter, owns 100 percent of the company. She also makes money from endorsements and appearances on cable TV`s 'Keeping Up with the Kardashians,' and was ranked at number 2,057 on the Forbes 2019 list. Kylie Cosmetics last year signed a deal with Ulta Beauty Inc to put her products in all of the retailer`s 1,163 U.S. stores. Forbes put 2,153 billionaires on its 2019 list, down from 2,208 in 2018, and said their total combined net worth was $8.7 trillion, down from $9.1 trillion in 2018. The richest person in the world remained Amazon.com Inc Chief Executive Officer Jeff Bezos, whose net worth increased to $131 billion from $112 billion in 2018, according to Forbes. Microsoft Corp co-founder Bill Gates remained in the No. 2 position with an estimated fortune of $96.5 billion, up from $90 billion last year. Facebook founder and CEO Mark Zuckerberg dropped three places to No. 8, as his fortune fell by $8.7 billion to $62.3 billion.

Kylie Jenner dethrones Mark Zuckerberg as she becomes world's youngest billionaire at 21

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