The 10 Richest People in the World
Have you ever wondered about the richest people in the world?
Whether you dream of starting your own business, love success stories, or just wonder about the insanely rich and wealthiest entrepreneurs on the planet, this blog is for you.
In this blog post, we will be counting down the wealthiest individuals from your favourites Elon Musk ranked second with $210.5 billion, to Jeff Bezos who is the most consistent on the list with $199.1 Net Worth (in $ Billions) as of March 2024, based on data from Forbes’ real-time billionaire rankings. Get ready to discover some fascinating entrepreneurs and industry leaders who lead! You might even find some new names on this year’s list that will surprise you.
List of Top 10 Richest People in the World in 2024
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth | Country |
| 1 Bernard Arnault & family | $230.5 | LVMH | France |
| 2 Elon Musk | $210.5 | Tesla, SpaceX | USA |
| 3 Jeff Bezos | $199.1 | Amazon | USA |
| 4 Mark Zuckerberg | $176.1 | USA | |
| 5 Larry Ellison | $142.2 | Oracle | USA |
| 6 Warren Buffett | $134.1 | Berkshire Hathaway | USA |
| 7 Bill Gates | $128.4 | Microsoft | USA |
| 8 Steve Ballmer | $123.3 | Microsoft | USA |
| 9 Mukesh Ambani | $117.5 | Reliance Industries | India |
| 10 Larry Page | $115.1 | USA |
Bernard Arnault and family top the list, with a net worth of $226.5 billion. Elon Musk ranked second with a net worth of $198.1 billion. Jeff Bezos, with a net worth of $195.2 billion, is in third place. Let’s learn more about them in detail.
1. Bernard Arnault and Family
- Age: 74 years old
- Residence: Paris
- CEO and Chairperson: LVMH (LVMUY)
- Net Worth: $230.5 billion
- Christian Dior Ownership Stake: 97.5%
- Other Assets: Moelis & Company equity ($30.9 billion public asset) and $15.2 billion in cash
Bernard Arnault & Family, has a net worth of $198 billion, making him the richest person in the world. He is a French businessman, investor, and art collector and holds the positions of Chief Executive Officer (CEO) and Chair at LVMH (Moët Hennessy Louis Vuitton SE), the world’s largest luxury goods brand.
2. Elon Musk
- Age: 52 years old
- Residence: United States
- Co-founder and CEO: Tesla
- Net Worth: $210.5 billion
- Tesla Ownership Stake: 13%
- Other Assets: X Ownership Stake: 79% ($8.37 billion) Space Exploration Technologies ($71.2 billion private asset), The Boring Company ($3.33 billion private asset), Neuralink ($2.07 billion private asset)
Elon Musk is the second on the list of richest people in the world. He is the CEO of several prominent companies, including SpaceX, a space exploration company, and Tesla, an electric vehicle manufacturer. He currently owns a 23 percent stake in Tesla. Likewise, he amassed significant wealth throughout his career and achieved success at Tesla. Not only that, but he made headlines in 2022 when he purchased Twitter for $44 billion.
3. Jeff Bezos
- Age: 60 years old
- Residence: United States
- Founder and Chair: Amazon.com (AMZN)
- Net Worth: $199.1 billion
- Amazon Ownership Stake: 9.03%
- Other Assets: Blue Origin ($15 billion private asset), The Washington Post ($250 million private asset), Koru ($500 million private asset), and $17.8 billion in cash
Jeff Bezos is the founder of e-commerce giant Amazon. He resides in the United States and holds the position of Amazon’s Founder and Executive Chairman. His substantial net worth of $171 billion is largely owing to a 9.03% stake in Amazon, worth $145 billion. Bezos’ portfolio is diverse, including personal properties such as Blue Origin ($11.2 billion), The Washington Post ($250 million), and Koru ($500 million), as well as $14 billion in coins. In July 2021, Jeff Bezos decided to step down as CEO of the e-commerce powerhouse Amazon while remaining chairman.
4. Mark Zuckerberg
- Age: 39 years old
- Residence: United States
- CEO and Chair: Meta Platforms (META)
- Net Worth: $176.1 billion
- Meta Ownership Stake: 13%
- Other Assets: $4.45 billion in cash
Mark Zuckerberg is a well-known name and one of the world’s richest men. He made his fortune from Facebook, which he co-founded in 2004. Took the company public in May 2012, owning approximately 13% of the shares. Meta also acquired WhatsApp and Instagram, significantly increasing Zuckerberg’s wealth; by December 2016, he was ranked tenth on Forbes’ list of The World’s Most Powerful People. In January 2024, Forbes ranked him forth among the world’s top ten billionaires.
5. Larry Ellison
- Age: 79 years old
- Residence: United States
- Co-founder, Chair, and CTO: Oracle (ORCL)
- Net Worth: $142.2 billion
- Oracle Ownership Stake: 42%+
- Other Assets: Tesla equity ($9.09 billion public asset), $24.2 billion in cash
Larry Page and Sergey Brin, who were both Ph.D. students at Stanford, started Google back in 1998. He is CEO of Google for a while, from 1998 to 2001, and then again from 2011 to 2015. Today, he’s on the board of directors for Alphabet, which is the big company that owns Google. He also owns a lot of Google shares, giving him an important say in how things are run. Larry was also one of the first people to invest in a company called Planetary Resources, which is all about exploring space!
6. Warren Buffett
- Age: 93 years old
- Residence: Omaha, Nebraska, USA
- CEO and Chair: Berkshire Hathaway
- Net Worth: $134.1 billion
- Berkshire Hathaway Ownership Stake: Owns around 15%
- Other Assets: Includes cash holdings (around $1.4 billion) and potentially other investments besides Berkshire Hathaway.
Warren Buffett is one of the most successful and wealthy investors in the world. Berkshire Hathaway’s diverse portfolio includes GEICO, battery manufacturer Duracell, and restaurant chain Dairy Queen. He co-founded the Giving Pledge with Bill and Melinda Gates in 2010. It urges billionaires to donate at least half of their wealth to charity. Buffet, who has pledged to donate 99 percent of his fortune, has already donated more than USD 51.5 billion in Berkshire Hathaway stock to the Gates Foundation and other charitable foundations.
7. Bill Gates
- Age: 68 years old
- Residence: Medina, Washington, USA
- Co-founder: Microsoft
- Net Worth: $144 billion
- Microsoft Ownership Stake: Around 1.4%
- Other Assets: Includes billions of dollars in cash and investments across various companies, along with holdings like farmland.
Bill Gates, the co-founder of Microsoft (MSFT), has a net worth of $134 billion. He was Microsoft chairman until 2014 and then left the board in 2020, though he still owns a stake in the company. He was the world’s wealthiest person for much of the period between 1995 and 2017, but is now the seventh richest. As a philanthropist and investor, he has made significant contributions to the Gates Foundation.
8. Steve Ballmer
- Age: 67 years old
- Residence: United States
- Net Worth: $123.3 billion
- Microsoft Ownership Stake: Approximately 4%
- Other Assets: Los Angeles Clippers basketball team, The Forum (arena), Intuit Dome (under-construction stadium)
Steve Ballmer joined Microsoft in 1980 after Bill Gates persuaded him to drop out of Stanford’s MBA program. He was Microsoft’s 30th hire. Ballmer became Microsoft’s CEO in 2000, succeeding Gates. He served until 2014 when he stepped down. Ballmer oversaw Microsoft’s $8.5 billion acquisition of Skype in 2011.
9. Mukesh Ambani
- Age: 66 years old
- Residence: India
- Chairman and Managing Director: Reliance Industries Limited (RIL)
- Net Worth: $117.5 billion
- Reliance Ownership Stake: Around 42% stake in Reliance Industries
- Other Assets: 45% stake in Jio Financial Services, Mumbai Indians cricket team
Mukesh Ambani is the wealthiest person in India and Asia. He is the chairman of Reliance Industries, India’s leading petrochemical, telecom, oil and gas, and retail company. His company, Reliance Industries, operates the world’s largest petrochemical refinery, while Jio is India’s largest telecom company.
10. Larry Page
- Age: 51 years old
- Residence: USA
- Co-founder: Google (along with Sergey Brin)
- Net Worth: $115.1 billion
- Google Ownership Stake: Around 6%
Larry Page currently serves on the board of Alphabet, Google’s determining agency. He began his adventure as the co-founder of Google. Larry Page and Sergey Brin founded Google in 1998. Page was Google’s CEO until 2001 and then again from 2011 to 2015.