The Top 10 Richest People In The World 2024: In today’s world, there is immense importance given to ambition and entrepreneurship. Exceptional individuals with a vision and innovative spirit have gone on to achieve unimaginable wealth, serving as an inspiration to many. Their success has been a result of hard work and dedication, urging others to follow in their footsteps. However, genuine success isn’t just about wealth but also about creating a positive impact on society.It is important to consider how one’s work contributes towards society, making it more fulfilling. Collaboration and teamwork are also essential for success; these leaders had supportive teams behind them who contributed towards their achievements. Together, we can make meaningful contributions while pursuing our goals, inspiring others and creating a better future for all. Therefore, it is essential to focus on both individual success and the collective good of society to achieve true success.
The Top 10 Richest People In The World
The concentration of wealth among the top 10 richest people in the world has become a significant concern globally, especially as their net worth surpasses the GDP of numerous nations. The majority of their wealth is concentrated in technology, finance, and retail industries. Forbes ranks these individuals based on their remarkable accomplishments, entrepreneurial aptitude, and significant impact on the global economy. The list provides an insight into their vast fortunes, which are often beyond comprehension.Jeff Bezos of Amazon sits at the top of this list with a net worth exceeding $170 billion, followed by Elon Musk with approximately $151 billion. Bernard Arnault & family take third place with a net worth of about $150 billion. Other notable names on this list include Bill Gates, Mark Zuckerberg, Warren Buffet and Larry Ellison. These individuals have not only amassed extraordinary wealth but continue to shape the business landscape with their innovative ideas and investments.
The Top 10 Richest People In The World 2024
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth | Country |
|---|---|---|---|
| 1 Elon Musk | $210.2 | Tesla, SpaceX | United States |
| 2 Bernard Arnault & family | $208.5 | LVMH | France |
| 3 Jeff Bezos | $183.4 | Amazon | United States |
| 4 Larry Ellison | $141.6 | Oracle | United States |
| 5 Mark Zuckerberg | $141.5 | United States | |
| 6 Larry Page | $128.0 | United States | |
| 7 Warren Buffett | $126.4 | Berkshire Hathaway | United States |
| 8 Bill Gates | $123.7 | Microsoft | United States |
| 9 Sergey Brin | $122.6 | United States | |
| 10 Steve Ballmer | $120.2 | Microsoft | United States |
Get to know the top 10 richest people in the world
Elon Musk
- Age: 52
- Residence: Austin, Texas
- Citizenship: US
Elon Musk, the CEO of several well-known companies such as Tesla and SpaceX, is currently the wealthiest person in the world. His wealth is largely tied to the success of his electric car manufacturing company, Tesla, in which he holds a 23 percent stake. In addition to his business ventures, Musk made headlines when he acquired Twitter for $44 billion in October 2022. With his innovative ideas and relentless drive, Elon Musk has become one of the most influential and fascinating figures in modern-day entrepreneurship. His contributions to industries such as space exploration and sustainable energy have made him a global icon and an inspiration to aspiring entrepreneurs worldwide.
Elon Musk, the CEO of Tesla, led the company’s initial public offering in 2010. Over the years, Tesla has experienced significant growth in market capitalization, and in 2020 and 2021, it reached new heights. This propelled Musk to become one of the world’s top 10 richest people as of September 2021. In November 2021, his fortune reached a staggering $320 billion at its peak. This remarkable achievement is a testament to Musk’s ingenuity and entrepreneurial spirit. Under his leadership, Tesla has become a major player in the automotive industry and continues to innovate with its electric vehicles and renewable energy technologies.
Bernard Arnault & Family
- Age: 74
- Residence: Paris
- Citizenship: France
Bernard Arnault, the second wealthiest individual on the planet, heads Moët Hennessy Louis Vuitton (LVMH), the world’s largest conglomerate of luxury goods. Over 70 well-known fashion and cosmetic brands operate under LVMH’s umbrella, including Louis Vuitton, Christian Dior, Sephora, and Moet & Chandon. In January 2021, LVMH acquired jewellery brand Tiffany & Co. for an astounding $15.8 billion. Bernard Arnault is known for his strategic business acumen and has led LVMH to become one of the most successful companies in the luxury goods sector.
Arnault’s five children play a significant role in the operations of LVMH, contributing to various sectors within the vast empire. Recently, in January 2023, Arnault appointed his daughter Delphine to lead Dior, which happens to be the group’s second-largest brand. As an experienced executive who previously served as the Director and Executive Vice President of Louis Vuitton, Delphine is well-equipped to lead Dior and take it forward on its path of growth and success. Her appointment underscores the importance of family businesses and highlights how they can successfully transition from one generation to another with proper planning and leadership.
Jeff Bezos
- Age: 59
- Residence: Medina, Washington
- Citizenship: US
In July 2021, Jeff Bezos made the decision to step down from his position as CEO of Amazon, the ecommerce giant he founded in 1994, while retaining his role as chairman. Shortly thereafter, Bezos embarked on a space journey aboard a rocket developed by Blue Origin, a private space exploration company that he personally funded with billions of dollars. The launch marked a significant milestone in Bezos’ efforts to advance commercial space travel and exploration. As one of the world’s wealthiest individuals and a pioneer in both ecommerce and space technology, Bezos remains an influential figure in multiple industries and continues to explore new frontiers.
Larry Ellison
- Age: 79
- Residence: Lanai, Hawaii
- Citizenship: US
Larry Ellison is a co-founder of Oracle, where he served as CEO from 1977 to 2014. He currently holds the positions of chairman and Chief Technology Officer at the software firm. In 2012, he gained widespread attention when he acquired Lanai Island in Hawaii for a whopping $300 million. Aside from his work with Oracle, Ellison has also delved into investments, including a significant stake in Tesla. He even sat on the board of directors at Tesla from 2018 to 2022. Despite his numerous accomplishments, Ellison is known for his humble beginnings and his rise to become one of the wealthiest people in the world.
Mark Zuckerberg
- Age: 39
- Residence: Palo Alto, California
- Citizenship: US
Mark Zuckerberg, the co-founder and CEO of Meta Platforms, is best known for creating Facebook, the world’s largest social media platform. Zuckerberg was only 19 years old when he launched Facebook in 2004 while studying computer science and psychology at Harvard University. The idea behind Facebook was to connect students on campus by matching their names with their photos. In 2006, Facebook opened its doors to anyone over the age of 13 with a valid email address. Since then, Facebook has grown into a global phenomenon with over 2 billion active users worldwide.
Mark Zuckerberg, the founder of Facebook, took his company public in May 2012. By December 2016, he was ranked as the 10th most powerful person in the world by Forbes. Currently, he holds about 13% of the company’s stock. At just 39 years old, Zuckerberg is married to Priscilla Chan and is a father of three daughters. He and his wife are on a mission to end, cure or manage all diseases by 2100 and have pledged $3 billion towards this cause through their charitable organization, the Chan Zuckerberg Initiative.
Larry Page
- Age: 50
- Residence: Palo Alto, California
- Citizenship: US
Larry Page, along with Sergey Brin, co-founded Google in 1998 while they were both pursuing their PhDs at Stanford University. Page initially held the position of CEO until 2001, and then again from 2011 to 2015. Currently, he serves as a board member of Alphabet, the parent company of Google, and maintains significant control over the company as a major shareholder.Apart from his association with Google, Page has also been involved in several other ventures. He played a crucial role as a founding investor in Planetary Resources, an organization that emphasizes space exploration and resource utilization. His interest in technological advancements is not limited to internet-based companies alone; he is also known for his efforts to promote environmentally friendly initiatives through his philanthropic venture- The Schmidt Family Foundation. Larry Page’s contributions to the fields of technology and science have made him one of the most influential leaders in the industry today.
Warren Buffett
- Age: 93
- Residence: Omaha, Nebraska
- Citizenship: US
Warren Buffett, popularly known as the “Oracle of Omaha,” is a legendary investor and one of the most successful in history. He is the chairman and CEO of Berkshire Hathaway, a conglomerate that includes companies like Geico, Duracell, and Dairy Queen. Apart from his business acumen, he is also renowned for his philanthropy. In 2010, he partnered with Bill and Melinda Gates to launch The Giving Pledge, an initiative aimed at encouraging billionaires to donate at least 50% of their wealth to charitable causes. Buffett himself has pledged to donate 99% of his fortune to charity, making him one of the world’s most generous philanthropists.
Bill Gates
- Age: 67
- Residence: Medina, Washington
- Citizenship: US
Bill Gates, the co-founder of Microsoft, was recognized as a billionaire by Forbes in 1987 and continued to grow his wealth significantly. From 1995 until 2017, he held the title of the world’s richest person except for brief interruptions in 2008 and from 2010 to 2013. In May 2021, Gates announced his divorce from Melinda French Gates, with Melinda receiving at least $6 billion in stocks as part of their settlement. Despite this development, Gates’ net worth increased modestly by nearly $500 million between May and June 2021, allowing him to move up one spot in Forbes’ rankings to secure fifth place. His significant contributions to technology and philanthropy have earned him widespread recognition and admiration globally.
Sergey Brin
- Age: 50
- Residence: Los Altos, California
- Citizenship: US
Sergey Brin, a computer scientist born in Russia, co-founded Google with his colleague Larry Page in 1998. Initially serving as the technology president at Google, he later moved on to oversee special projects such as the development of Google Glass – a groundbreaking wearable device that featured voice-activated “smart glasses.” Currently, he is a board member of Alphabet, Google’s parent company, and retains significant control over the firm. His contributions to the creation and development of one of the most successful search engines globally have had extensive effects on how we access and interact with information on the internet.Brin’s advocacy for innovation has been instrumental in shaping Google’s culture. He has consistently encouraged employees to explore innovative ideas and take risks. This approach has resulted in several breakthrough products like Google Maps and Gmail that have revolutionized their respective industries. Additionally, Brin’s vision for making information accessible to everyone has been realized through initiatives like the Google Cultural Institute which offers online access to art collections from around the world. His leadership style has helped establish Google as an industry leader with a reputation for innovation and excellence.
Steve Ballmer
- Age: 67
- Residence: Hunts Point, Washington
- Citizenship: US
Steve Ballmer, a former Harvard University classmate of Bill Gates, served as Microsoft’s CEO from 2000 to 2014. He joined the company in 1980 as its 30th employee after dropping out of Stanford University’s MBA program. Ballmer retired from Microsoft in 2014 and made headlines that same year by purchasing the Los Angeles Clippers basketball team for an unprecedented $2 billion, which set the highest price paid for an NBA team at the time. Ballmer’s acquisition of the Clippers not only showed his passion for basketball but also demonstrated his business acumen and investment expertise. It was a strategic move that turned out to be highly lucrative as he has since increased the value of the franchise significantly.
Carlos Slim Helu
- Age: 83
- Residence: Mexico City
- Citizenship: Mexico
Carlos Slim Helu and his family have significant influence over América Móvil, the largest mobile telecommunications company in Latin America, which operates in over 15 countries. In 1990, Slim and his foreign telecom partners purchased Telmex, the previously government-owned telephone company that now forms part of América Móvil. In addition to his telecom ventures, Slim holds ownership stakes in various Mexican industries such as construction, consumer goods, mining, and real estate. His diverse investment portfolio has made him one of the wealthiest individuals globally and a prominent figure in the business world. Slim’s entrepreneurial skills and business acumen have enabled him to create an empire that spans across multiple industries, making him a formidable force in the global marketplace.
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Frequently asked questions
What is the global count of billionaires in 2024?
According to Forbes, the count of billionaires has surged to 2,640 as of January 2024, representing a remarkable 19-fold rise from the 1987 statistics.
Is it possible for billionaires’ net worth to fluctuate
Certainly, considering that a large portion of their riches is connected to stocks traded publicly, the wealth of the richest individuals can vary based on market valuation.
Which nation boasts the highest number of billionaires?
The United States is currently at the forefront with around 724 billionaires residing in the country.
