From Bill Gates falling to ninth position in the top 10 richest people in the world list to Mukesh Ambani being out of the list. This list constantly evolves with a new set of ambitious and wealthy people. With the growing global wealth landscape, the world’s richest individuals compete against each other for the top spot every month.
Here is our list of the top 10 Richest Person in the World as of May 2024. Have a look:
Top 10 Richest Person in The World
1. Bernard Arnault
- Chairman and CEO of LVMH
- Net Worth: USD 212.5 Billion
Ranking first on the list of the top 10 richest person in the world is Bernard Arnault, the chairman, and CEO of Moët Hennessy Louis Vuitton (LVMH). LVMH is the largest luxury goods company in the world. It owns 75 brands in six business groups. Brands like Louis Vuitton, Christian Dior, Moet & Chandon, Bulgari, Tiffany &Co, Fendi, and Sephora all fall in LVMH’s portfolio. Bernard Arnault runs his vast business expansion with his children. LVMH is known for its acquiring strategy, its ability to acquire brands hailing from different business groups, and providing a smooth transition. This French businessman is also an avid art collector and his collection includes pieces from Picasso and Henry Moore.
2. Jeff Bezos
- Chairman and Founder of Amazon.com
- Net worth: USD 205 Billion
Jeff Bezos started Amazon in 1994 from his garage in Seattle. He was the CEO of Amazon until 2021 when he stepped down and transitioned to the role of chairman. He was the richest person in the Forbes list for three consecutive years i.e., 2018 to 2021. Amazon is the world’s largest e-commerce company. Amazon had started as an online bookstore in 1994. Bezos was one of the first shareholders of Google. Bezos is also a philanthropist. He owns The Washington Post and Blue Origin, an aerospace company dedicated to developing rockets. He briefly flew to space in July of 2021.
3. Elon Musk
- CEO of Tesla and SpaceX
- Net worth: USD 198.4 Billion
The third richest person in the world is the person who changed Twitter into X. Former chairman of Tesla, Inc. and CEO and CTO of SpaceX, Elon Musk is a South African-born American entrepreneur. At twelve, he created and sold his video game to a computer magazine.
4. Mark Zuckerberg
- Chairman and Founder of Amazon.com
- Net worth: USD 203.8 Billion
The fourth richest man in the world is none other than the founder of Facebook now Meta, Mark Zuckerberg. Meta owns and operates Facebook, Instagram, and WhatsApp. He went to Harward briefly where he founded Facebook with his roommate. He was 19, and a computer science and psychology student at the time. He had been away from the list of 10 people-person in the world since January 2022 but rejoined it in 2023 after Meta’s stock prices rose.
5. Larry Ellison
- CTO and Founder of Oracle
- Net worth: USD 144.9 Billion
Ranking fifth on the list of the top 10 richest person in the world, Larry Elison is the Chairman, Chief Technology Officer, and Co-Founder of Oracle. Oracle is a technology company selling database software and cloud computing. Larry owns 40% of Oracle’s shares. He was one of the Tesla board members from December 2018 to August 2022 . Even today he owns 15 million shares in Tesla. Since 2020 his permanent residence is on a Hawaiian island, Lanai which he acquired in 2012 for USD 300 million.
6. Larry Page
- Co-Founder and Board Member of Alphabet
- Net worth: USD 138.9 Billion
Larry Page co-founded Google with Sergey Brin in 1988 when they were PhD students at Standford. He held the position of CEO from 1998 to 2001 and later resumed the role in 2011 stepping down in 2015. He is a major shareholder and board member of Alphabet, the parent company of Google. After Alphabet’s share prices rose 15% in Mahy 2023, his wealth surged and brought him to the list of the top 10 richest people in the world.
7. Sergey Brin
- Co-Founder and Board Member of Alphabet
- Net worth: USD 138.9 Billion
He co-founded Google with Larry Page and was pivotal in establishing the Google Search Engine. Sergey Brin is a board member of Alphabet and retains a significant stake in the company. He was the President of Alphabet before stepping down in December of 2019. Currently, he oversees special projects, including the development of Google Glass, a wearable device with voice-activated “smart glasses” technology. He contributed USD 1.25 billion towards research initiatives for Parkinson’s disease.
8. Warren Buffet
- CEO of Berkshire Hathaway Inc.
- Net worth: USD 131.7 Billion
One of the best-known investors in the world, Warren Buffet is co-founder, chairman, and CEO of Berkshire Hathway. Recognized as the “Oracle of Omaha” by global media, he has accumulated a massive fortune from his investment success. He has pledged to give away 99 percent of his fortune for philanthropic causes. Alongside Bill Gates, he founded the Giving Pledge in 2010, an initiative where billionaires pledge to give away at least half of their fortunes.
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9. Bill Gates
- Founder of Microsoft
- Net worth: USD 128.5 Billion
He was the world’s richest person for 16 years. He co-founded Microsoft and served as a CEO for 25 years. In 2020 he stepped down and presently is the co-chair of Bill & Melinda Gates Foundation. The reason behind his wealth decline is his philanthropic endeavors and his divorce from his wife Melinda French.
10. Steve Ballmer
- Owner of the Los Angeles Clippers
- Net worth: USD 121.2 Billion
The former CEO of Microsoft Steve Ballmer served the company from 2000 to 2014. After retiring from Microsoft in 2014, He acquired the NBA Los Angeles Clippers for USD 2 billion. Today the Los Angeles Clippers are valued at USD 4.65 billion. This led to him becoming the tenth richest man in the world.
Conclusion
As the net worth of these individuals keeps fluctuating, this list can change any day. We hope to see our Indian Billionaires on the list in the coming month, but for now, this is our list of the 10 Richest Person in the World.