Forbes recently dropped their 37th Annual World’s Billionaires List. It features a list of the wealthiest people in the world. They say there’s a total of 2,640 billionaires in the world. Over 730 billionaires reside in the United States. These billionaires have made their money from manufacturing and food to grocery stores and mortgage lending.
On this year’s list, Forbes added some newcomers. Elisabeth DeLuca, the widow of Subway cofounder Fred DeLuca and Annette Lerner who started a real estate company are new billionaires. Fun fact about Lerner: in 1952, she loaned $250 to her husband, Ted to start a real estate company, selling homes for developers.
Also, this year’s list had some major changes compared to past lists. According to Forbes, the number of billionaires around the globe has declined from 2,668 in 2022 to 2,640 this year. They also said that the total billionaire wealth has dropped down by $500 billion to $12.2 trillion. A total of 254 people have lost their billionaire status altogether including Sam Bankman Fried, his FTX cofounder Gary Wang, and musician Kanye West.
Overall, most of the Forbes list of the World’s Billionaires are self-made. “Meaning they founded or confounded their company or established their own fortune, rather than inheriting it,” said Forbes.
When you think about Michigan billionaires, a few names might come to mind such as Dan Gilbert or Marian Ilitch. There are more billionaires in Michigan than you think.
Here are Michigan’s billionaires.