World’s top 10 richest people have staggering fortunes in various industries

A notable group of people have made incredible fortunes in a time and society driven by ambition and the desire to start their own business. This is an article about top 10 richest people in the world in 2024.These outstanding leaders have reached the pinnacles of achievement and joined the elite group of the world’s wealthiest people. They are innovative and visionary.

And that is no easy task.After all, the combined wealth of the world’s ten richest individuals exceeds the GDP of many countries. These days, the retail, banking, and technology sectors account for the majority of their wealth. And a major concern for people everywhere is the widening wealth gap between them and the less fortunate.

The top 10 richest persons in the world are revealed in this article, together with information about their outstanding achievements, prowess as entrepreneurs, and significant impact on the world economy. Forbes is the source of this ranked list.

1.Bernard Arnault & Family

• Residence: Paris

• Citizenship: France

The world’s richest man, Bernard Arnault, serves as chairman and CEO of Moët Hennessy Louis Vuitton (LVMH), the largest luxury goods company in the world, which owns and operates some 70 well-known fashion and cosmetics brands. Among the well-known brands in its collection are Sephora, Christian Dior, Louis Vuitton, and Moet & Chandon. Jeweler Tiffany & Co. was acquired by LVMH in January 2021 for an astounding $15.8 billion.

The five children of Arnault are involved in different areas of the vast LVMH company. He named his daughter Delphine as the head of Dior, the second-biggest brand in the group, in January 2023.

2.Elon Musk

• Residence: Austin, Texas

• Citizenship: US

The second-richest person in the world right now is Elon Musk. He holds the position of CEO of multiple well-known businesses, like as SpaceX, a space exploration corporation, and Tesla, an electric automobile maker. At now, he owns a twenty-three percent interest in Tesla. Roughly two thirds of his fortune is dependent on Tesla’s performance. In October 2022, Musk gained notoriety when he paid $44 billion to acquire Twitter.

In 2010, Tesla made its IPO under Musk’s direction. The company’s market capitalization increased significantly in 2020 and 2021, which helped Musk get to the top 10 richest persons in the world in September of that same year. Musk’s wealth reached an incredible $320 billion at its height in November 2021.

3.Jeff Bezos

• Residence: Medina, Washington

• Citizenship: US

Jeff Bezos chose to resign as CEO of the industry leader in online retail, Amazon, in July 2021, but he will continue to serve as chairman.The third-richest person in the world right now is Jeff Bezos. In that same month, Bezos launched a space expedition on a rocket built by Blue Origin, a privately held space exploration firm he founded and kindly contributed billions of money to.

4.Mark Zuckerberg

• Residence: Palo Alto, California

• Citizenship: US

At the age of 19, Mark Zuckerberg co-founded and serves as CEO of Meta Platforms, which launched Facebook, the company’s main social media platform, in 2004. He was a Harvard University student studying psychology and computer science. Facebook was designed to allow students’ identities and photographs to be matched on campus. Facebook opened its doors to anyone with a working email account who was at least 13 years old in 2006.

After taking the business public in May 2012, Zuckerberg was listed as the 10th most powerful person in the world by Forbes in December 2016. At the moment, Zuckerberg holds roughly 13% of the business’s equity.

The 39-year-old IT enthusiast has three daughters from his marriage to Priscilla Chan. He and his spouse are investing $3 billion to try and eradicate, treat, or control all illness by the year 2100.

5.Larry Ellison

• Residence: Lanai, Hawaii

• Citizenship: US

In 1977, Larry Ellison co-founded Oracle, a software company, and served as its CEO until 2014. He currently holds the positions of chairman and chief technology officer for the business. When Ellison paid $300 million for the Hawaiian island of Lanai in 2012, the news was publicized. Ellison also made financial ventures, such as a substantial investment in Tesla, where he was a director from 2018 to 2022.

6.Warren Buffett

• Residence: Omaha, Nebraska

• Citizenship: US

Known to many as the “Oracle of Omaha,” Warren Buffett is one of the greatest investors in history. He is the CEO of Berkshire Hathaway, an investing conglomerate that owns a wide range of businesses, including the food chain Dairy Queen, the insurance company Geico, and the battery producer Duracell.

In 2010, Buffett and Bill Gates and Melinda French Gates established the Giving Pledge initiative, which urges billionaires to donate at least 50 percent of their wealth to charitable organisations. Buffett has declared that he will contribute 99 percent of his money, demonstrating his unwavering dedication to philanthropy.

7.Bill Gates

• Residence: Medina, Washington

• Citizenship: US

Forbes was the first to identify Gates as a billionaire in 1987. With brief breaks in 2008 and 2010–2013, he held the title of richest person in the world from 1995 until 2017. Melinda French Gates received at least $6 billion in stocks as part of the settlement when she and Bill Gates divorced in 2021. Based on estimations from Forbes, between May 1 and June 1, 2023, Gates’ wealth increased by about $500 million, which moved him up one slot to take the fifth place in the rankings.

8.Steve Ballmer

• Residence: Hunts Point, Washington

• Citizenship: US

Steve Ballmer, Bill Gates’s classmate at Harvard University, led Microsoft as CEO from 2000 to 2014. After leaving Stanford University’s MBA program, he joined Microsoft as its thirty-first employee in 1980, marking the beginning of his career with the corporation.

Ballmer made news the year he retired from Microsoft when he spent an astounding $2 billion to acquire the Los Angeles Clippers basketball franchise, which at the time was a record-breaking amount for the most money ever paid for an NBA team.

9.Mukesh Ambani

• Residence: Mumbai, India

• Citizenship: India

The richest person in Asia and India is Mukesh Ambani. As the industry leader in India’s petrochemical, telecom, oil and gas, and retail sectors, he serves as chairman of Reliance Industries. The largest petrochemical refinery in the world is run by his firm, Reliance Industries, and the largest telecom company in India is Jio.

10.Larry Page

• Residence: Palo Alto, California

• Citizenship: US

10th richest person is Larry Page.In 1998, Larry Page and Sergey Brin, a fellow PhD candidate at Stanford, co-founded Google. Page was the CEO from 2011 until 2015. He had previously served in that capacity until 2001.As a big stakeholder, he currently holds enormous authority over Alphabet, the parent company of Google, in addition to his role as a member of the board.