Richest Man in the World in August 2024
The world’s richest men are shaping industries from technology to luxury goods. Their fortunes stem from successful ventures in various sectors, including e-commerce, finance, and social media. In this article, we will go through the list of top-10 richest men in the world which highlights their source of income which help them to claim the top positions at the world’s wealthiest persons list.
Elon Musk, the CEO of Tesla and SpaceX, leads the list with a net worth of $232.1 billion. His pioneering work in electric vehicles and space exploration continues to drive his wealth and influence.
Jeff Bezos, founder of Amazon, holds the second position with a net worth of $202.1 billion. Amazon’s dominance in e-commerce and cloud computing has solidified his status as a major tech mogul and significantly contributed to his fortune.
Bernard Arnault and his family are third with a net worth of $175.4 billion. As chairman and CEO of LVMH, Arnault oversees a luxury empire that includes brands like Louis Vuitton and Dior, cementing his place among the wealthiest.
Elon Musk, aged 53, is the world’s richest person in August 2024, with a net worth of $232.1 billion. As CEO of Tesla and SpaceX, Musk holds a 23% stake in Tesla, with much of his wealth tied to its success. He gained prominence with Tesla’s IPO in 2010 and saw his fortune peak at $320 billion in November 2021. Musk also made headlines in October 2022 by purchasing Twitter for $44 billion.
As of August 2024, Elon Musk of United States, holds the title of the richest man of the world with the net worth of $232.1 billion, followed by Jeff Bezos, Bernard Arnault and Mark Zuckerberg.
Here is the list of top-10 richest persons in the world as of August 2024:
| Top-10 Richest Men in the World as of August 2024 | ||||
| Rank | Name | Net Worth (in $ billions) | Source of Wealth | Country |
| 1. | Elon Musk | $232.1 | Tesla, SpaceX | United States |
| 2. | Jeff Bezos | $202.1 | Amazon | United States |
| 3. | Bernard Arnault & Family | $175.4 | LVMH | France |
| 4. | Mark Zuckerberg | $174.5 | United States | |
| 5. | Larry Ellison | $169.8 | Oracle | United States |
| 6. | Larry Page | $142 | United States | |
| 7. | Warren Buffet | $135.7 | Berkshire Hathaway | United States |
| 8. | Sergey Brin | $135.6 | United States | |
| 9. | Bill Gates | $130.9 | Microsoft | United States |
| 10. | Steve Ballmer | $123.5 | Microsoft | United States |
Elon Musk, aged 53 years, is the world’s richest person as of August 2024, with a net worth of $232 billion. Known for his pivotal roles in SpaceX and Tesla, Musk has revolutionized space travel and electric vehicles. He also owns X Corp., the entity behind the social media platform X (formerly Twitter), and has founded or co-founded several other high-profile companies, including The Boring Company, xAI, Neuralink, and OpenAI.
Musk’s journey began in Pretoria, South Africa, before he moved to Canada and then the U.S., where he dropped out of Stanford to start Zip2, which was sold for $307 million. He later co-founded PayPal, which was acquired by eBay for $1.5 billion. With the proceeds, he founded SpaceX and invested in Tesla. Musk’s ventures have continued to expand his influence across technology and space industries, marking him as a leading figure in the global economy.
Jeff Bezos, aged 60 years, is the second richest person in the world with a net worth of $202 billion as of August 2024. He is the founder and former CEO of Amazon, the world’s largest e-commerce and cloud computing company. Bezos started Amazon in 1994 as an online bookstore, and it has since grown into a global powerhouse in various sectors, including streaming and artificial intelligence.
Bezos, originally from Albuquerque and a Princeton graduate, also founded Blue Origin in 2000, an aerospace company focused on space tourism. He made headlines by flying into space on Blue Origin’s New Shepard in 2021. Additionally, Bezos owns The Washington Post and manages investments through his firm, Bezos Expeditions. He was previously the wealthiest person from 2017 to 2021 and has been recognized as the “richest man in modern history” due to his substantial wealth.
Bernard Arnault, aged 75 years, is the third richest person in the world, with an estimated net worth of $175 billion as of August 2024. He is the founder, chairman, and CEO of LVMH, the world’s largest luxury goods company. Arnault transformed LVMH into a global leader in luxury by merging Louis Vuitton with Moët Hennessy and expanding into fashion, jewelry, watches, and wine through strategic acquisitions.
Arnault began his career in his father’s real estate company and shifted to the luxury market by acquiring Boussac Saint-Frères in 1984, which included Christian Dior. His innovative and aggressive strategies revitalized the luxury brand and established LVMH as a major player in the industry. Beyond LVMH, Arnault is also involved in web investments, philanthropy, and real estate, solidifying his influence in the global luxury market.
Elon Musk, aged 53, is the world's richest person in August 2024, with a net worth of $232.1 billion.
Jeff Bezos, aged 60 years, is the second richest person in the world with a net worth of $202 billion as of August 2024.
The top-5 richest men in the world in August 2024 are: Elon Musk, Jeff Bezos, Bernard Arnault, Mark Zuckerberg and Larry Ellison.
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