Richest Man In The World: Elon Musk stands on the first position in the list of Richest Man in the World. He is the Richest Man in the World with the net worth of $239.3B.The annual ranking of the world’s richest billionaires, known as the World’s Billionaires List or Real-Time Billionaires List, is based on their recorded net worth. Forbes Magazine produces and publishes this list every March. The initial edition of this ranking was released in 1987.
Richest Man In The World 2024
Each person’s net worth is estimated by taking into account their reported assets and considering any debts or other factors. The rankings published the net worth of each individual in US dollars. It is important to note that these rankings do not include individuals such as royalty or dictators who derive their wealth from their position or status.
Elon Musk, the CEO of Tesla and SpaceX, has recently become the world’s richest man with a net worth of $239.3 billion, surpassing Amazon founder Jeff Bezos. This achievement is a testament to his entrepreneurial spirit and innovative ideas that have transformed multiple industries. Musk’s wealth can be attributed to his various successful ventures, including electric cars, space exploration, and renewable energy. Despite facing numerous challenges along the way, Musk’s determination and vision have helped him achieve unparalleled success in the business world.
Top 10 Richest Man List in the World
Elon Musk stands in the first position on the list of Billionaires. He is the world’s richest person with a net worth of $239.3B. He is getting a significant portion of his wealth from Telsa and SpaceX.
| S. No. | Name | Net worth (in Billions) | Country |
| 1. | Elon Musk | $240.7 | United States |
| 2. | Bernard Arnault & family | $231.4 | France |
| 3. | Jeff Bezos | $154.9 | United States |
| 4. | Larry Elison | $146.1 | United States |
| 5. | Bill Gates | $119.3 | United States |
| 6. | Warren Buffet | $117.4 | United States |
| 7. | Mark Zuckerberg | $115.2 | United States |
| 8. | Larry Page | $111.9 | United States |
| 9. | Sergey Brin | $106.2 | United States |
| 10. | Steve Ballmer | $103.4 | United States |
1. Elon Musk
Age:
51 years
Net worth:
$240.7B
Source:
Tesla and SpaceX
Residence:
Austin, Texas
Citizenship:
United States
Elon Musk is the world’s richest person. He co-founded companies like SpaceX (rocket producer), Tesla (electric car maker) and Boring Company (tunnelling startup). A significant portion of his wealth is tied to the success of Tesla. Musk purchased Twitter in October 2022 for $44 billion.
2. Bernard Arnault & family
Age:
74 years
Net worth:
$231.4B
Source:
LVMH/ luxury goods
Residence:
Paris
Citizenship:
France
Bernard Arnault is the CEO of the world’s largest luxury goods company “Moet Hennessy Louis Vuitton (LVMH)” which encompasses approximately 70 renowned fashion and cosmetics brands. In January 2021, LVMH completed the acquisition of jeweller Tiffany & Co. for a staggering $15.8 billion.
Arnault’s five children contribute to various sectors within the expansive LVMH empire. In January 2024, he appointed his daughter Delphine to lead Dior, the group’s second largest brand.
3. Jeff Bezos
Age:
59 years
Net worth:
$154.9B
Source:
Amazon
Residence:
Medina, Washington
Citizenship:
United States
In July 2021, Jeff Bezos decided to give up his role as CEO of the ecommerce powerhouse Amazon while still maintaining his position as chairman. Bezos owned an aerospace company named The Washington Post and Blue Origin,designing rockets and fled to space in July 2021.
4. Larry Ellison
Age:
78 years
Net worth:
$146.1B
Source:
Oracle
Residence:
Lanai, Hawaii
Citizenship:
United States
Larry Ellison holds 4th position in the real-time billionaire’s list. He owns 35% of software giant Oracle and is its chief technology officer, chairman and co-founder. He left the CEO position at Oracle in 2014. He shifted permanently to Hawaiian Island Lanai and bought it for $300 million. He purchased 3 million Tesla shares and joined its board in December 2018.
5. Bill Gates
Age:
67 years
Net worth:
$119.3B
Source:
Microsoft, investments
Residence:
Medina, Washington
Citizenship:
United States
He stands on the fifth position on the real-time billionaire’s list. He gets a significant portion of wealth from Microsoft and investment in zero-carbon energy. Bill co-founded Microsoft with Paul Allen in 1975 and owns only 1% of the software company’s share as of March 2020. Bill Gates is the largest owner of farmland in the United States and invested in various companies like Canadian National Railway and AutoNation. Bill occupied the fourth rank in the real-time billionaire’s list in 2022.
6. Warren Buffet
Age:
92 years
Net worth:
$117.4B
Source:
Berkshire Hathaway
Residence:
Omaha, Nebraska
Citizenship:
United States
Warren Buffet, widely recognised as the “Oracle of Omaha”, is one of history’s most accomplished investors. He is the head of Berkshire Hathaway, an investment conglomerate with a diverse portfolio encompassing numerous companies, such as insurance provider Geico, battery manufacturer Duracell and restaurant chain Dairy Queen.
7. Mark Zuckerberg
Age:
39 years
Net worth:
$115.2B
Source:
Meta
Residence:
Palo Alto, California
Citizenship:
United States
Mark Zuckerberg is an American billionaire business magnate, computer programmer, internet entrepreneur and philanthropist. He co-founded the social media website Facebook and its parent company Meta Platforms of which he is the executive chairman, CEO and controlling shareholder.
8. Larry Page
Age:
50 years
Net worth:
$111.9B
Source:
Residence:
Palo Alto, California
Citizenship:
United States
Lawrence Edward Page is an American billionaire business magnate. He is the co-founder of Google with Sergen Brin. He is the co-creator and namesake of PageRank, a search ranking algorithm for Google. He received the Macroni Prize 2004 with co-writer Brin.
9. Sergey Brin
Age:
50 years
Net worth:
$106.2B
Source:
Residence:
Los Altos, California
Citizenship:
United States
Brin is a co-founder of Google with Larry Page. He was the president of Google’s parent company, Alphabet Inc., until stepping down from his role in December 2019.
10. Steve Ballmer
Age:
67 years
Net worth:
$103.4B
Source:
Microsoft, investment
Residence:
Hunts Point, Washington
Citizenship:
United States
Ballmer is an American businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He is the owner of the Los Angeles Clippers of the National Basketball Association.
Faqs
Who is the world’s richest person as of September 2024?
Elon Musk holds the title of the world’s richest person with a net worth of $240.7 Billion. He derives a significant portion of his wealth from his companies, Tesla and SpaceX.
Who is the second richest person on the list and what is their net worth?
Bernard Aarnault & family is the second richest person with a net worth of $231.4 Billion. He is the CEO of LVMH (Moet Hennessy Louis Vuitton), a conglomerate that includes numerous luxury fashion and cosmetics brands.
What are Elon Musk’s notable achievements and ventures?
Elon Musk co-founded companies like SpaceX, which produces rockets and Tesla, a prominent electric car manufacturer. He is also involved in the Boring Company, a startup focused on tunnelling. Musk purchased Twitter in October 2022 for $44 Billion.
Who is the founder of Amazon and what is their net worth?
Jeff Bezos, the founder of Amazon, has a net worth of $154.9 Billion. He stepped down as CEO of Amazon in July 2021 but remained as chairman. Bezos also owns The Washington Post and Blue Origin, an aerospace company.
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