World’s Top 10 Richest Billionaires October 2024

World’s Top 10 Richest Billionaires- In a society driven by ambition and entrepreneurship, there is a select group of individuals who have achieved immense wealth. These visionary leaders have risen to the pinnacle of success, placing themselves among the world’s wealthiest individuals. This accomplishment is no small feat. In fact, the combined net worth of the top 10 richest people exceeds the GDP of many countries.

Today, their fortunes are primarily derived from the technology, finance, and retail sectors. The growing wealth gap between them and the less fortunate is a matter of concern globally. This article introduces the identities of the top 10 richest people worldwide, highlighting their remarkable achievements, entrepreneurial prowess, and significant impact on the global economy. This ranking is based on Forbes’ data, providing insight into the individuals who have amassed unparalleled wealth.

World’s Top 10 Richest Billionaires

Falling stock values, struggling unicorn companies, and rising interest rates led to a challenging year for the world’s wealthiest individuals. Globally, we identified 2,640 people with fortunes exceeding ten figures, a decrease from the 2,668 seen the previous year. Collectively, these billionaires now hold a combined wealth of $12.2 trillion, a decline of $500 billion compared to March 2022’s $12.7 trillion. Almost half of these billionaires are now less wealthy than they were a year ago, including Elon Musk, who slipped from the top spot to second place due to Tesla’s stock decline after his costly purchase of Twitter.

Bernard Arnault, the head of luxury goods company LVMH, takes Elon Musk’s place as the world’s wealthiest person, marking the first time a French citizen has held this position. The United States still boasts the largest number of billionaires, with 735 individuals worth a total of $4.5 trillion. China (including Hong Kong and Macau) comes in second, with 562 billionaires holding $2 trillion, followed by India, where 169 billionaires have a total wealth of $675 billion. Our calculations are based on stock prices and exchange rates from March 10, 2024. You can find the complete list of the world’s billionaires and our methodology below. For real-time updates on the net worth of all 2,640 billionaires, please refer to our live billionaire rankings.

World's Top 10 Richest Billionaires

World’s Top 10 Richest Billionaires Overview

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Top 10 Richest People in the world 2024

In the dynamic and ever-evolving landscape of global wealth, 2024 brings forth a new lineup of the world’s top 10 richest individuals. These individuals have achieved staggering fortunes, making them stand out in a world driven by entrepreneurship and innovation. Their combined wealth is a testament to their vision and business acumen, and it often surpasses the GDP of entire countries.

While their fortunes are derived from various industries, including technology, finance, and retail, their influence extends far beyond their financial success. These titans of wealth have the power to shape industries, economies, and even global trends. In 2024, as the world continues to grapple with issues of wealth inequality and distribution, the identities and stories of these top 10 richest people serve as a source of fascination, inspiration, and sometimes, debate on the role of immense wealth in our society.

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Elon Musk

  • Net worth: $251.3 B
  • Source: Tesla and SpaceX
  • Age: 52
  • Residence: Austin, Texas
  • Citizenship: US

Elon Musk, the CEO of companies like Tesla and SpaceX, holds the title of the world’s wealthiest individual. He owns a substantial 23 percent stake in Tesla, and a large part of his immense wealth, about two-thirds of it, is closely linked to Tesla’s success. In October 2022, Musk made headlines by acquiring Twitter for a staggering $44 billion.

World's Top 10 Richest Billionaires

Musk played a pivotal role in taking Tesla public in 2010, and the company experienced remarkable growth in market value during 2020 and 2021. This surge propelled Musk into the ranks of the top 10 richest people globally by September 2021. At its peak in November 2021, Musk’s fortune reached an astounding $320 billion.

Bernard Arnault & Family

  •     Net worth: $196.7 B
  •     Source: LVMH/ luxury goods
  •     Age: 74
  •     Residence: Paris
  •     Citizenship: France

Bernard Arnault, the world’s second richest person, serves as the CEO and chairman of LVMH (Moët Hennessy Louis Vuitton), the largest luxury goods company globally. LVMH encompasses about 70 prestigious fashion and cosmetics brands, including renowned names like Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. In a significant move, LVMH acquired Tiffany & Co. in January 2021 for a staggering $15.8 billion.

World's Top 10 Richest Billionaires

Arnault’s five children are actively involved in various sectors within the vast LVMH empire. In January 2024, he appointed his daughter Delphine to lead Dior, which is the group’s second-largest brand.

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Jeff Bezos

  • Net worth: $161.0 B
  • Source: Amazon
  • Age: 59
  • Residence: Medina, Washington
  • Citizenship: US

World's Top 10 Richest Billionaires

In July 2021, Jeff Bezos stepped down from his role as CEO of Amazon, a major e-commerce company, but remained as its chairman. In that same month, he also went on a space journey using a rocket created by Blue Origin, a private space exploration company he founded and generously financed with billions of dollars.

Larry Ellison

  • Net worth: $157.7 B
  • Source: Oracle
  • Age: 79
  • Residence: Lanai, Hawaii
  • Citizenship: US

World's Top 10 Richest Billionaires

Larry Ellison, a co-founder of the software company Oracle in 1977, was its CEO until 2014. Currently, he serves as the chairman and Chief Technology Officer of the company. In 2012, Ellison made news by buying the Hawaiian island of Lanai for $300 million. Additionally, he has invested in various ventures, including owning a significant share in Tesla, where he was on the board of directors from 2018 to 2022.

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Warren Buffett

  • Net worth: $121.4 B
  • Source: Berkshire Hathaway
  • Age: 93
  • Residence: Omaha, Nebraska
  • Citizenship: US

Warren Buffett, often called the “Oracle of Omaha,” is a highly successful investor in history. He leads Berkshire Hathaway, an investment conglomerate with a wide-ranging portfolio that includes companies like Geico (an insurance provider), Duracell (a battery manufacturer), and Dairy Queen (a restaurant chain).

World's Top 10 Richest Billionaires

In 2010, Buffett, along with Bill Gates and Melinda French Gates, initiated the Giving Pledge. This effort encourages billionaires to commit to donating at least 50 percent of their wealth to charitable organizations. Demonstrating his strong commitment to philanthropy, Buffett has stated his intention to give away 99 percent of his fortune.

Larry Page

  • Net worth: $114.4 B
  • Source: Google
  • Age: 50
  • Residence: Palo Alto, California
  • Citizenship: US

World's Top 10 Richest Billionaires

Larry Page, along with his fellow Stanford PhD student Sergey Brin, established Google in 1998. Page initially served as CEO until 2001 and later took on the role again from 2011 to 2015. Presently, he is a board member of Alphabet, Google’s parent company, and wields substantial influence over the company due to his significant ownership. Furthermore, Page played a pivotal role as a founding investor in Planetary Resources, a company dedicated to space exploration.

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Bill Gates

  • Net worth: $111.3 B
  • Source: Microsoft, investments
  • Age: 67
  • Residence: Medina, Washington
  • Citizenship: US

World's Top 10 Richest Billionaires

In 1987, Forbes first recognized Bill Gates as a billionaire. He held the title of the world’s richest person from 1995 to 2017, with a few exceptions in 2008 and from 2010 to 2013. In 2021, Gates and Melinda French Gates finalized their divorce, with Melinda receiving at least $6 billion worth of stocks as part of the settlement. Forbes estimated that Gates’ wealth increased by about $500 million from May 1 to June 1, 2024, allowing him to move up one spot in the rankings to secure the fifth position.

Sergey Brin

  • Net worth: $109.9 B
  • Source: Google
  • Age: 50
  • Residence: Los Altos, California
  • Citizenship: US

World's Top 10 Richest Billionaires

Sergey Brin, along with his fellow Stanford PhD colleague Larry Page, played a crucial role in creating the Google search engine in 1998. Originally from Russia, Brin started as the technology president at Google and later focused on special projects. One of these projects was the development of Google Glass, a wearable device with voice-activated “smart glasses.” At present, Brin is a board member of Alphabet, Google’s parent company, and he maintains significant control over the company due to his ownership stake.

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Mark Zuckerberg

  • Net worth: $105.7 B
  • Source: Meta
  • Age: 39
  • Residence: Palo Alto, California
  • Citizenship: US

Mark Zuckerberg, the co-founder and CEO of Meta Platforms, launched its flagship social media platform, Facebook, in 2004 when he was just 19 years old and a student studying computer science and psychology at Harvard University. Facebook initially started as a way to connect the names of students on campus with their photos. In 2006, Facebook became accessible to anyone at least 13 years old with a valid email address.

World's Top 10 Richest Billionaires

In May 2012, Zuckerberg took Facebook public, and by December 2016, he was ranked as the 10th most powerful person in the world by Forbes. Currently, Zuckerberg owns approximately 13 percent of the company’s stock. At the age of 39, Mark Zuckerberg is married to Priscilla Chan and is a father of three daughters. Together with his wife, he is investing $3 billion in an effort to eradicate, treat, or manage all diseases by the year 2100.

Steve Ballmer

  • Net worth: $101.5 B
  • Source: Microsoft, investments
  • Age: 67
  • Residence: Hunts Point, Washington
  • Citizenship: US

World's Top 10 Richest Billionaires

Steve Ballmer, a Harvard University classmate of Bill Gates, took on the position of CEO at Microsoft from 2000 to 2014. His association with Microsoft commenced in 1980 when he joined as the company’s 30th employee, foregoing his MBA studies at Stanford University.

In the year Ballmer retired from Microsoft, he made waves by purchasing the Los Angeles Clippers basketball team for a whopping $2 billion. This acquisition set a new record for the highest price ever paid for an NBA team at that time.

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Carlos Slim Helu

  • Net worth: $96.7 B
  • Source: telecom, investments
  • Age: 83
  • Residence: Mexico City
  • Citizenship: Mexico

World's Top 10 Richest Billionaires

Carlos Slim Helu and his family have significant control over América Móvil, the largest mobile telecommunications company in Latin America, operating in more than 15 countries. In 1990, Slim, along with foreign telecom partners, acquired Telmex, a telephone company previously owned by the government, which later became a part of América Móvil.

Apart from his telecom interests, Slim holds ownership stakes in several Mexican industries, including construction, consumer goods, mining, and real estate.

FAQ’S

What is the global count of billionaires in 2024?

According to Forbes, as of May 2024, there are 2,640 billionaires in the world. This represents a significant 19-fold increase compared to the number of billionaires in 1987.

Is it possible for billionaires' net worth to fluctuate

Certainly, the wealth of the richest individuals can vary because a substantial part of their fortunes is linked to the value of stocks that are traded publicly.

Which nation boasts the highest number of billionaires?

The United States is at the forefront, with around 724 billionaires currently residing in the country.

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