Billionaires dominate today’s world like never before—and now hold a record $20.1 trillion in collective wealth, according to Forbes’ 2026 World’s Billionaires List.

This year’s ranking features an all-time high of 3,428 entrepreneurs, investors and heirs—20 of whom are now in the ultra-elite “$100 Billion Club.” Among those to hit a dozen digits this year is crypto kingpin Changpeng Zhao, or CZ. And the richest of all is still Elon Musk, who is worth a record $839 billion.

Unsurprisingly, the AI boom has also minted new billionaires, paving the way for younger entrepreneurs to get rich faster than ever. There are a record 35 billionaires under the age of 30.

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Oil prices fell back down to earth on Monday afternoon to near $85 per barrel after a historic rise, as President Donald Trump told CBS News the war with Iran “is very complete.” Trump also reportedly said his administration was considering taking over the Strait of Hormuz, a crucial waterway for the world’s oil supply.

Still, the CEO of Saudi Aramco, the world’s largest oil company, warned Tuesday that continued war-related disruptions could have “catastrophic consequences” for the global oil market. Amin Nasser called the current turmoil “by far the biggest crisis the region’s oil and gas industry has faced” and said it is “absolutely critical” to resume shipping through the Strait of Hormuz.

MORE: Since the U.S. and Israel attacked Iran over a week ago, the price for a gallon of gas has increased 50 cents on average, AAA data shows, and on Monday sat at $3.48.........

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