Home   »   General Studies   »   Richest Man in the World 2024

Richest Man in the World By October 2024, Name List

The Real-Time Billionaire List, an annual compilation by Forbes Magazine, is a renowned roster detailing the wealthiest individuals worldwide, gauged by their estimated net worth. Released each March, this list offers a comprehensive snapshot of the richest man in the world. The first edition of this ranking was introduced in 1987, becoming a widely anticipated and influential annual report on the financial standing of the world’s wealthiest individuals.

World Richest Man 2024

A person’s net worth is determined by assessing the value of their reported assets while considering outstanding debts and relevant factors. The rankings indicate the net worth of individuals in terms of US dollars. It is crucial to note that these lists intentionally omit royalties and political leaders whose wealth is primarily linked to their official roles.

Top 10 Richest Persons In the World by October 2024

As of October 2024, Elon Musk, with a remarkable net worth of $264 billion, holds the title of the richest man in the world, followed by Jeff Bezos, Mark Zuckerberg and Bernard Arnault & Family.

Here is the list of Top 10 Richest Man in the World as of October 2024:

Top-10 Richest Man in the World as of October 2024
Rank Name Net Worth Source of Wealth Country
1. Elon Musk $264 billion Tesla, SpaceX United States
2. Larry Ellison $208 billion Oracle United States
3. Mark Zuckerberg $206 billion Meta Platforms, INC. United States
4. Jeff Bezos $204.4 billion Amazon United States
5. Bernard Arnault & Family $184.7 billion LVMH France
6. Warren Buffet $145.5 billion Berkshire Hathaway United States
7. Larry Page $138.9 billion Google United States
8. Sergey Brin $132.9billion Google United States
9. Amancio Ortego $127.9 billion Zara Spain
10. Steve Ballmer $122.3 billion Google United States

Top-10 Richest Man in the World in Brief

Here is the brief description of top-10 richest man of the world along with their net worth, source of income and some key details:

1. Richest Man in the World – Elon Musk

The world’s richest person, Elon Musk, aged 53 and based in the United States, serves as Tesla’s co-founder and CEO, boasting a net worth of $264 billion. His 13% Tesla ownership stake is valued at $98.1 billion, complemented by a 79% ownership stake in X, worth $9.32 billion. Musk’s other private assets include SpaceX ($53.2 billion) and the Boring Company ($3.33 billion)

Elon Musk is the richest person in the world. 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. World’s Second Wealthiest Person –  Larry Ellison

Larry Ellison, the fifth richest person in the world, aged 80 and resides in the United States. He serves as the co-founder, Chair and CTO of Oracle (ORCL), boasting a substantial net worth of $129 billion. His Oracle ownership stake exceeds 42%, valued at $96.1 billion. Additionally, his diversified assets include $10.7 billion in Tesla equity, a noteworthy public asset and a considerable cash reserve of $21.8 billion.

Larry Ellison holds 2nd position in the real-time billionaire’s list as of October 2024. 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.

3. Third Richest Person in the World – Mark Zuckerberg

As of 2024, Mark Zuckerberg, aged 40 and based in the United States, claims the title of the third richest person in the world who holds the dual roles of CEO and Chair at Meta Platforms (META), amassing a significant net worth of $115 billion. His ownership stake in Meta Platforms stands at 13%, valued at $111 billion, reflecting his influential position in the tech industry. Additionally, Zuckerberg manages a portfolio that includes $4.03 billion in cash, showcasing his strategic approach to wealth management.

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.

4. Fourth Richest Person in the World – Jeff Bezos

The fourth richest person in the worldJeff Bezos, aged 60, resides in the United States and holds the position of Founder and Executive Chair at Amazon (AMZN). His substantial net worth of $171 billion largely stems from a 10% ownership stake in Amazon, valued at $145 billion. Bezos diversifies his portfolio with private assets like Blue Origin ($11.2 billion), The Washington Post ($250 million), Koru ($500 million) and holds $14 billion in cash.

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.

5. Fifth World’s Richest Person – Bernard Arnault

Wealth: $184.7 billion
Country: France
Business: LVMH

Bernard Arnault, Chairman and CEO of LVMH, ranks fifth among the world’s top billionaires. LVMH, a conglomerate of over 70 luxury brands including Louis Vuitton and Christian Dior, acquired Tiffany & Co. for USD 15.8 billion in 2021. Arnault’s children also play vital roles in LVMH’s operations; his daughter Delphine oversees Dior, while his son Frédéric leads the conglomerate’s watch division since January 2024.

 

Other Important Articles
Longest Coastline of  India Largest Forest in the World
Biggest Animal in the World Largest Airport in the World

6. Sixth Richest Man of the World – Warren Buffet

Warren Buffet, residing in the United States, aged 94, serves as the CEO of Berkshire Hathaway (BRK.A) with a considerable net worth of $119 billion. His ownership stake in Berkshire Hathaway stands at 15%, valued at $118 billion. Complementing this, he holds $1.28 billion in cash, reflecting a strategic approach to wealth management and investment.

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. World Seventh Wealthiest Person – Larry Page

Larry Page, aged 51 and residing in the United States, stands as the co-founder and board member of Alphabet (GOOG), boasting a substantial net worth of $119 billion. With a 6% ownership stake in Alphabet, valued at $102.7 billion, Page strategically manages his wealth. Notably, he holds additional assets, including $16.3 billion in cash, indicating a diversified and financially astute approach to his portfolio.

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.

8. World Eighth Richest Man – Sergey Brin

Sergey Brin, aged 50 and residing in the United States, the co-founder and board member of Alphabet (GOOG), possesses a substantial net worth of $113 billion. His influence stems from a 6% ownership stake in Alphabet, totaling $96.5 billion. Notably, Brin strategically manages his wealth, including significant assets like $16.4 billion in cash.

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.

9. World’s Ninth Wealthiest Man – Amancio Ortega

Amancio Ortega Gaona, aged 88, is a Spanish billionaire and the founder of Inditex, the fashion group known for popular brands like Zara and Bershka. Renowned as a pioneer in fast fashion, Ortega was formerly the chairman of Inditex. As of October 2024, he has a net worth of $122.3 billion, making him the ninth richest person in the world.

10. Eighth Wealthiest Person in the World – Steve Ballmer

Steven Anthony Ballmer is an American businessman and investor. He was the CEO of Microsoft from 2000 to 2014. Currently, he owns the Los Angeles Clippers, a basketball team in the NBA. Ballmer is also a co-founder of the Ballmer Group, a company that focuses on philanthropy and investment. As of now, he is known as the tenth richest person in the world.

 

Indian Nobel Laureates, Complete List (1913-2023)_180.1

FAQs

Who is the world’s richest person as of 2024?

As of September 2024, Elon Musk, with a remarkable net worth of $247.2 billion, holds the title of the richest man in the world.

Who is the second richest person on the list and what is their net worth?

The second richest person in the world – Jeff Bezos, aged 60, resides in the United States and holds the position of Founder and Executive Chair at Amazon (AMZN).

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 $195.6 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.

About the Author

My role as a content writer specializing in current affairs at Adda247 involves meticulously researching and crafting compelling articles aimed at guiding and informing candidates preparing for National and State Level Competitive Government Exams. With a dedication to educational excellence, I strive to keep our candidates abreast of the latest developments and trends in current affairs. By providing insightful and engaging content, I aim to ensure that aspiring candidates are well-prepared and informed for their examinations.