This year's Forbes ranking includes over 3,000 billionaires, collectively valued at $16.1 trillion, highlighting growing wealth concentration. Notably, there are 902 billionaires in the U.S., with the top three being Elon Musk, Mark Zuckerberg, and Jeff Bezos. Billionaires have gained significant influence in U.S. politics, with President Trump's administration reportedly involving at least ten billionaires. New additions from Massachusetts include Stephen Fredette of Toast and Bill Cummings of Cummings Properties, who join established billionaires like Abigail Johnson, whose net worth climbed significantly in the past year, demonstrating the dynamic nature of wealth accumulation.
In total, this year's Forbes ranking features over 3,000 billionaires worth a staggering $16.1 trillion, indicative of immense wealth concentration globally.
Massachusetts contributes significantly to the billionaire ranks with newcomers like Stephen Fredette and Bill Cummings joining established figures such as Abigail Johnson.
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