The question of who is the richest individual in the world in 2024 reverberates across society. The most recent update on this issue will have an impact not only on investment in a variety of industries, but also on overall global economic trends.
As per recent findings, global growth is expected to remain stable yet underwhelming, with the U.S. economy providing major thrust globally, the IMF says.
Take a look at the richest person in the world as of October 2024 here.
Top 10 Richest Persons in the World 2024
Here are the top 10 richest persons in the world as updated on the real-time billionaire list of Forbes.
1. Elon Musk: $245.9 billion
Elon Musk is the richest person in the world, led by his robust, diverse business lines. Among them are very notable in the development of innovative industries. He co-founded Tesla, an electric car producer company; SpaceX, a leading space technology company; and The Boring Company.
2. Larry Ellison: $211.5 billion
Larry Ellison earned as high as $211.5 billion in net worth as a co-founder of software giant Oracle. He owns 40% of the shares but has been off the title since 2014 after 37 years working as the Oracle CEO. In addition to Ellison’s wealth source, he owns 15 million shares of Tesla.
3. Jeff Bezos: $207.4 billion
Lagging behind a few billion, Jeff Bezos is the third wealthiest person in the world. He is the founder of Amazon, the world’s most influential e-commerce company in modern days. He started operating the company from his garage in Washington way back in 1994. As of now, he is greatly admired by many young entrepreneurs.
4. Mark Zuckerberg: $201.3 billion
The one and only Mark Zuckerberg, a founder of Facebook, made it to the roundup. He initially created Facebook as a student to mingle with his fellow students in 2004. The rapid growth of Facebook expanded its reach across universities and even on a global level, making it one of the most popular social media platforms.
5. Bernard Arnault & Family $170.4 billion
According to the real-time net worth calculator, Bernard Arnault and his family generated a staggering $170.4 billion as a dominant force in the fashion industry. For decades, LVMH continued to stand as one of the most influential empires.
This powerhouse handles an impressive portfolio of 75 renowned fashion and beauty brands, including iconic names like Louis Vuitton, Sephora, and Tiffany & Co.
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Arnault’s journey began in 1984 with the acquisition of Christian Dior, laying the foundation for what would become a thriving global empire. Today, his legacy extends through his family, with all five of his children actively involved in the operations of LVMH.
6. Warren Buffet: $145.2 billion
Being the CEO of Berkshire Hathaway, a multinational conglomerate holding company based in America, Warren Buffet is among the most respected investors in the world. As of October 2024, his net worth reached $145.2 billion after failing 1% of the total wealth recently.
7. Larry Page: $137.5 billion
Larry Page was a co-founder of Google in 1998 and invented Google’s rank algorithm along with Sergey Brin. He was the CEO of Google until 2001. Today he remains a board member and shareholder of Alphabet, the parent company of Google.
8. Sergey Brin: $131.6 billion
Similarly to his fellow student from Stanford University, Larry Page, Brin earned the net worth valued at $110 billion due to co-founding Google in 1998.
9. Amancio Ortega: $131.1 billion
Amancio Ortega is among the world’s richest clothing retailers, pioneered by his fast fashion company. He co-founded Inditex, the parent company for Zara, with his ex-wife Rosalia Mera way back in 1975. Currently, he is the owner of 60% shares of Madrid-listed Inditex that include familiar brands like Pull & Bear and Massimo Dutti.
10. Jensen Huang: $125.3 billion
Jensen Huang is recorded as the world’s tenth richest person as of October 2024. The hefty fortune largely came from the graphic chip maker company, Nvidia, which he co-founded back in 1993. During his tenures as the CEO, Nvidia’s GPUs became the dominant force in computer gaming and AI scenes, bringing the company’s market cap past $2 trillion in 2024.
Most of the richest people in the world in 2024 will receive their fortune from technology-based companies that continue to thrive in today’s economy.
