Forbes announced a new ‘True Net Wealth’ ranking that incorporates how much billionaires give away
Billionaires “all have one thing in common,” Forbes Editor-in-Chief Randall Lane said from the TED2026 stage, “Nobody likes them.” One reason for that, he said, is how little of their wealth they use to make the world a better place.
So, Forbes announced its new “True Net Wealth” list that takes into account money given away by billionaires: “True Net Worth is your regular net worth, combined with the money you’ve donated, that we appreciate like you still own it,” Lane explained.
He showed how the top-five ranking changes when you look at net wealth, and True Net Wealth, which adds Bill Gates and Warren Buffett in the number one and two slots. He also highlighted the list’s “biggest movers,” which includes billionaire philanthropist MacKenzie Scott.
Why is this good news?Lane said the list’s purpose is “to offer role models for billionaires, for millionaires — for thousandaires. Give while you live … [it] supports the system that makes all of us prosperous.”
Used electric vehicles are cheaper and more available than ever
Used electric vehicles in the U.S. are more affordable than ever, dropping to the point where the average cost of a used EV is now within about $1,300 of a comparable gas vehicle.
The change comes as many EVs are coming off of leases and entering the used car market, pushing prices down across the board. EV batteries are also lasting longer than initially estimated, the cars themselves generally cost less to maintain.
This affordability shift is driving demand, with used EV sales increasing even while new EV sales have declined.
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