As of September 2024, the landscape of global wealth continues to shift, driven by fluctuations in tech stocks and market movements. According to Forbes, The ranks of the world’s richest individuals have seen some reshuffling, with several notable changes in position. While Tesla and SpaceX CEO Elon Musk retains his crown as the world’s richest person, others, like Mark Zuckerberg and Bill Gates, have climbed higher in the ranks, reshaping the top ten.
Let’s dive into the latest developments and learn more about these financial titans.
1. Elon Musk
Net worth: $243.7 billion
Source: Tesla, SpaceX, X (formerly Twitter)
Residence: Austin, Texas, USA
Age: 53
Elon Musk continues his reign as the world’s richest person, with his fortune boosted by the rising value of SpaceX. Musk holds substantial stakes in Tesla and SpaceX, and while he is often in the headlines for his ventures in space travel and electric vehicles, his social media firm X has also made waves. Despite ongoing legal battles and controversies, Musk's wealth increased by $3 billion over the past month.
2. Jeff Bezos
Net worth: $197 billion
Source: Amazon
Residence: Miami, Florida, USA
Age: 60
Amazon founder Jeff Bezos remains in second place despite a recent dip in his wealth. A decline in Amazon’s share price shaved $7.8 billion from his fortune, but Bezos, who stepped down as CEO in 2021, remains a dominant figure in e-commerce and space exploration through his company Blue Origin.
3. Bernard Arnault
Net worth: $189.7 billion
Source: LVMH (Luxury Goods)
Residence: Paris, France
Age: 75
CEO of LVMH, Bernard Arnault holds the third spot. His luxury empire, which includes brands like Louis Vuitton, Dior, and Tiffany & Co., saw its stock rise in August, adding $10.2 billion to his fortune. Arnault briefly held the title of the world’s richest person earlier in 2024 but has since settled into third place.
4. Mark Zuckerberg
Net worth: $180.5 billion
Source: Meta (Facebook)
Residence: Palo Alto, California, USA
Age: 40
Mark Zuckerberg’s fortune soared by nearly $14 billion in August, thanks to Meta’s stock climbing 9%. With Meta heavily investing in AI and the metaverse, Zuckerberg regained his spot as the fourth richest person in the world, moving ahead of Oracle’s Larry Ellison.
5. Larry Ellison
Net worth: $174.7 billion
Source: Oracle
Residence: Woodside, California, USA
Age: 80
Larry Ellison, co-founder of Oracle, slid to fifth place after being overtaken by Zuckerberg. Ellison, however, saw his net worth increase by $2 billion last month, driven by Oracle’s solid performance. His investments also include a substantial stake in Tesla.
6. Warren Buffett
Net worth: $149.9 billion
Source: Berkshire Hathaway
Residence: Omaha, Nebraska, USA
Age: 94
The “Oracle of Omaha,” Warren Buffett, moved up to sixth place, thanks to an 8.5% rise in Berkshire Hathaway’s stock. Buffett, one of the most respected investors in the world, has pledged to donate 99% of his fortune to charitable causes.
7. Bill Gates
Net worth: $137.2 billion
Source: Microsoft, investments
Residence: Medina, Washington, USA
Age: 68
Bill Gates, the co-founder of Microsoft, climbed two spots to seventh place. Gates has focused much of his time and wealth on philanthropy, notably through the Bill & Melinda Gates Foundation. His fortune rose by $6.3 billion in August, largely due to investments and his continued involvement with Microsoft.
8. Larry Page
Net worth: $136.1 billion
Source: Google
Residence: Palo Alto, California, USA
Age: 51
Google co-founder Larry Page dropped to eighth place, with his wealth falling by $6.1 billion in August due to a decline in Alphabet’s stock. Page continues to hold a controlling stake in Alphabet and remains involved in various ventures, including AI and space exploration.
9. Sergey Brin
Net worth: $130.4 billion
Source: Google
Residence: Los Altos, California, USA
Age: 51
Sergey Brin, Larry Page’s fellow co-founder at Google, also saw his net worth decrease in August. He fell one spot to ninth place but remains a key player in Alphabet. Brin has also been active in AI development and is a major donor to Parkinson’s disease research.
10. Steve Ballmer
Net worth: $122.5 billion
Source: Microsoft, Los Angeles Clippers
Residence: Hunts Point, Washington, USA
Age: 68
Rounding out the top ten is former Microsoft CEO Steve Ballmer. Ballmer, who now owns the NBA’s Los Angeles Clippers, saw a slight dip in his wealth last month but continues to enjoy a significant stake in Microsoft.
A Billionaire Shuffle
Together, the top ten richest individuals in the world are worth a staggering $1.66 trillion. While the list remains predominantly dominated by tech magnates, the volatility of tech stocks has caused frequent shifts in rankings. Musk, despite occasional challenges, has solidified his position at the top, while others like Zuckerberg and Gates are steadily climbing the ranks.
The wealth of these billionaires fluctuates frequently, with stock prices dictating significant changes in their fortunes. For the latest updates on their wealth, Forbes tracks daily movements through its Real-Time Billionaire tracker.
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