As the global economy continues to evolve and technology reshapes industries, the list of the world’s wealthiest individuals remains a subject of fascination and intrigue. With fortunes that transcend borders and industries, these individuals wield significant influence and shape the course of economic trends worldwide. As of March 2024, let’s delve into the top 10 richest individuals who dominate the global wealth landscape.
Elon Musk, aged 52 and residing in the United States, claims the title of the world’s wealthiest individual, with a staggering net worth of $231 billion. As the co-founder and CEO of Tesla, he holds a 13% ownership stake valued at $98.1 billion, alongside a significant 79% ownership stake in X (formerly Twitter), valued at $9.32 billion. Musk’s vast wealth also encompasses his ownership of SpaceX, valued at $53.2 billion, and the Boring Company, valued at $3.33 billion. Musk’s entrepreneurial ventures span across cutting-edge industries, including space exploration, electric vehicles, and innovative tunneling technology.
Elon Musk, the visionary behind Tesla and SpaceX, closely trails Jeff Bezos in wealth, boasting a net worth of $231 billion is the richest man in the world by March 2024. Musk’s groundbreaking work in electric vehicles, space exploration, and sustainable energy has catapulted him to the forefront of global prominence and financial success.
Jeff Bezos, the mastermind behind Amazon, commands the second spot on the wealth chart with an astonishing net worth of $185 billion. His expansive empire spans multiple industries, solidifying his status as a titan in technology and commerce.
Bernard Arnault, the Chairman and CEO of LVMH, claims the third position with a fortune of $175 billion. At the helm of one of the world’s premier luxury conglomerates, Arnault’s wealth underscores the enduring allure of high-end fashion and luxury brands.
Mark Zuckerberg, the co-founder of Meta, formerly Facebook, holds the fourth rank with a net worth of $158 billion. Zuckerberg’s forward-thinking leadership has revolutionized social media and digital communication, reshaping global interactions and information consumption.
Elon Musk of United States with the net worth of $231 billion holds the title of the richest man in the world by March 2024, followed by Jeff Bezos, Bernard Arnault, and Mark Zuckerberg.
Here is the list of top-10 wealthiest men in the world by March 2024:
| Top-10 Billionaires in the World By March 2024 | ||||
| Rank | Name | Net Worth (in billion USD) | Source | Citizenship |
| 1. | Elon Musk | $200.3 | Tesla, SpaceX | United States |
| 2. | Jeff Bezos | $185 | Amazon | United States |
| 3. | Bernard Arnault | $175 | LVMH | France |
| 4. | Mark Zuckerberg | $179 | Facebook/ Meta | United States |
| 5. | Larry Ellison | $158 | Oracle | United States |
| 6. | Warren Buffet | $144 | Berkshire Hathaway | United States |
| 7. | Steve Ballmer | $143 | Microsoft, LA Clippers | United States |
| 8. | Bill Gates | $138 | Microsoft | United States |
| 9. | Larry Page | $123 | United States | |
| 10. | Mukesh Ambani | $115 | Reliance Industries | India |
Net Worth: $231 billion
Source: Tesla, SpaceX
Country: United States
Elon Musk, a visionary entrepreneur and owner of Tesla, SpaceX, and the renowned social media platform X (formerly Twitter), stands out as richest man in the world. Born in South Africa, Musk pursued his higher education in the United States after relocating there. Prior to Tesla, he had already established several successful ventures. Presently, Musk is deeply involved in advancing space technology and artificial intelligence, solidifying his status as one of the most futuristic billionaires worldwide. Additionally, he’s actively researching the feasibility of human habitation on other planets within our solar system.
Net Worth: $185 billion
Source: Amazon
Country: United States
Jeff Bezos, renowned for his firm leadership style and sharp business acumen, meticulously steered Amazon to its status as the globe’s largest online retailer and recently secured his name as the second richest man of the world. Along the way, the journey was marked by frequent conflicts with local businesses and smaller competitors. Amazon’s successful diversification endeavors notably include Amazon Web Services, which emerged as its most profitable sector.
Net Worth: $175 billion
Source: LVMH
Country: France
Bernard Arnault, the steward of LVMH, oversees a prestigious collection of 75 luxury brands spanning clothing and cosmetics, featuring renowned names such as Sephora and Louis Vuitton. LVMH made headlines in 2021 with its remarkable $15.8 billion acquisition of Tiffany & Co, marking a milestone in premium brand acquisitions. Arnault’s holding company, Agache, bolsters Aglaé Ventures, a venture capital firm, through strategic investments in companies like Netflix and ByteDance, the parent company of TikTok. Arnault initiated the purchase of Christian Dior in 1984 with a $15 million contribution from his family’s construction enterprise. In July 2022, he proposed restructuring Agache to allocate equal ownership to his five children, all of whom play pivotal roles in LVMH’s operations.
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Elon Musk of United States with the net worth of $231 billion holds the title of the richest man in the world by March 2024.
Jeff Bezos of United States claims the second spot on the list of richest man in the world with the net worth of $185 billion.
Bernard Arnault, the steward of LVMH, with the net worth of $175 billion claims the title of third richest man of the world.
The top-5 richest persons in the world by March 2024 are: Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg, and Larry Ellison.
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