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.
Elon Musk is a famous businessman and investor, known for creating and leading important companies like SpaceX and Tesla. As of December 2024, he is considered the wealthiest man in the world, with a net worth of approximately $362 billion. This article explores his life, career, and significant achievements.
As of December 2024, Forbes estimates Elon Musk’s net worth to be approximately $362 billion. This makes him the richest person in the world. His wealth primarily comes from his successful ventures in technology and space exploration.
Musk has founded and co-founded several other companies:
As of December 2024, Elon Musk, with a remarkable net worth of $362 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 December 2024:
| Top-10 Richest Man in the World as of December 2024 | ||||
| Rank | Name | Net Worth | Source of Wealth | Country |
| 1. | Elon Musk | $362 billion | Tesla, SpaceX | United States |
| 2. | Jeff Bezos | $240 billion | Amazon | United States |
| 3. | Mark Zuckerberg | $215 billion | Meta Platforms, INC. | United States |
| 4. | Larry Ellison | $202 billion | Oracle | United States |
| 5. | Bernard Arnault & Family | $174 billion | LVMH | France |
| 6. | Bill Gates | $166 billion | Software Company | United States |
| 7. | Larry Page | $156 billion | United States | |
| 8. | Steve Ballmer | $153 billion | United States | |
| 9. | Warren Buffet | $147 billion | Berkshire Hathaway | United States |
| 10. | Sergey Brin | $147 billion | United States | |
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:
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 $362 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.
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). 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.
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 $215 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.
Larry Ellison, the fourth 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.
Wealth: $174 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.
William Henry Gates III, known as Bill Gates, is an American businessman and philanthropist. He co-founded Microsoft Corporation with his friend Paul Allen. At Microsoft, he worked as the chairman, CEO, president, and chief software architect. For many years, he was the largest individual shareholder in the company, holding that title until May 2014. Bill Gates played a key role in starting the microcomputer revolution during the 1970s and 1980s. Today, he is known as the sixth richest person in the world.
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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 $156 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.
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.
Warren Buffet, residing in the United States, aged 94, serves as the CEO of Berkshire Hathaway (BRK.A) with a considerable net worth of $147 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.
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 $147 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.
As of 2024, Elon Musk, with a remarkable net worth of $362 billion, holds the title of the richest man in the world.
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).
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.
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.
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