The number of billionaires around the world has surged in 2024, setting new records.

In their 38th annual rich list, Forbes found 2,781 billionaires with a total net wealth of $14.2 trillion (£11.2trn).

This is an increase of 141 members and $2 trillion (£1.6 trn) from 2023, which held the previous record for the highest net worth gain on the list.

While some billionaires are self-made, the wealth of others spans generations. Some of the richest families in the world lead famous business brands, while some are rulers in their nations.

10. Thomson – Notable Businesses: Thomson Reuters (TRI) – Family net worth: US$87.1 billion (£68.8bn)

9. Wertheimer: Notable Businesses: Chanel – Family net worth: US$88 billion (£69.5bn)

8. Ambani: Notable Businesses: Reliance Industries – Family net worth: US$99.6 billion (£78.7bn)

7. Mars: Notable Businesses: Mars Inc. – Family net worth: US$133.8 billion (£105.7bn)

6. Al Saud: The al Sauds are the royal family of Saudi Arabia – Family net worth: US$140 billion (£110.6bn)

5. Koch: Notable Businesses: Koch Inc. – Family net worth: US$148.5 billion (£117.3bn)

4. Hermès: Notable Businesses: Hermès – Family net worth: US$170.6 billion (£134.8bn)

3. Al Thani: The al Thanis are the ruling family of Qatar – Family net worth: US$172.9 billion (£136.6bn)

2. Al Nahyan: The al Nahyans are one of the ruling families of the United Arab Emirates – Family net worth: US$323.9 billion (£255.9bn)

1. Waltons: Notable Businesses: Walmart – Family net worth: US$432.4 billion (£341.6bn)