Kim Kardashian, Jay-Z And The American Billionaires Too Poor To Make The 2023 Forbes 400 List

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Forbes

Entrepreneurship, Business News, News, Business

4.8 • 6 Ratings

🗓️ 25 October 2023

⏱️ 6 minutes

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Summary

It’s no longer enough to be a billionaire. Not even $2 billion will do. These days it takes a record-tying net worth of at least $2.9 billion to earn a spot among The Forbes 400 ranking of the nation’s wealthiest people, up from $2.7 billion last year. There are more than 350 billionaires in the U.S. who aren’t rich enough to make the grade. Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hi everyone I'm Rose Marie Miller here with Gee Zamora a wealth reporter here at Forbes
0:08.8	who's going to tell us all about billionaires who are too poor yes you heard that right billionaires who are too poor. Yes you heard that right
0:13.5	billionaires who are too poor to make the Forbes 400 list. Thank you so much for
0:19.0	joining me today, Gigi. Thank you for having me. Absolutely. So first tell us what is the Forbes 400 list?
0:25.1	So the Forbes 400 is an annual list of the 400 richest Americans.
0:30.8	That's basically it.
0:32.2	The 400 riches. Okay, and we got some billionaires who are two poor. So what was the cutoff to make the list?
0:38.0	So the cut off this year was 2.9 billion, so it was up 200 million from last year.
0:45.0	So some people just didn't make it.
0:47.0	Yeah, and about how many people didn't make it.
0:50.0	So about 350 billionaires from the US didn't make the cut.
0:55.0	Wow, so are there any billionaires that we know of who didn't make the cut?
0:59.0	There are many famous faces.
1:01.0	There's Oprah, she's at 2.8, so just lightly didn't make the cut. There's
1:07.2	Jay-Z, there's Tom Ford, the ex-C-O-O- of Facebook Cheryl Sandburg didn't make it Apple CEO Tim
1:16.8	Cook didn't make it and even the only two active athlete billionaires who are LeBron James and Tiger Woods.
1:25.1	They came into the list, the World Billionaires List in March 2023 and they didn't make the
1:30.0	cut for this one.
1:31.0	Wow, so what about what about our faves the
1:33.7	Kardashians? So Kim is at 1.7 she didn't make the cut but they're still next
1:41.0	year she has a lot of interesting business ventures coming up.
1:45.4	She has her shape work company, Skims, and they just raised 270 million, I think, in June, and up their valuation to 4 billion and raised her net worth by 500 million.
	...

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