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The Top 10 Richest People in the World in 2024

 As of 2024, the landscape of global wealth has seen some familiar faces, along with a few new entrants. These individuals have amassed their fortunes through a combination of innovative ventures, strategic investments, and, in many cases, the burgeoning tech industry. Here is a detailed look at the top 10 richest people in the world in 2024.

The year 2024 has continued to see significant growth in wealth among the world's richest individuals. The technology sector remains a dominant force, contributing substantially to the net worth of several top billionaires. Additionally, the energy sector, particularly renewable energy, has emerged as a key area of wealth accumulation.

Economic Factors Influencing Wealth
Several economic factors have influenced the accumulation of wealth in 2024, including advancements in technology, shifts in global markets, and the ongoing effects of the COVID-19 pandemic recovery. These elements have shaped the financial landscapes and investment opportunities available to the world's wealthiest individuals.

10.  Steve Ballmer

Steve Ballmer, a Harvard University classmate of Bill Gates, assumed the CEO role at Microsoft from 2000 to 2014. His journey with Microsoft began in 1980 when he joined as the company's 30th employee, having dropped out of the MBA at Stanford University.
In the same year that Ballmer retired from Microsoft, he made headlines by acquiring the Los Angeles Clippers basketball team for a staggering $2 billion, setting a new benchmark for the highest price paid for an NBA team at that time.

09. Bill Gates

In 1987, Forbes first recognised Gates as a billionaire. From 1995 to 2017, he maintained the title of the world's richest person, with brief exceptions in 2008 and from 2010 to 2013. In 2021, Gates and Melinda French Gates finalised their divorce, with Melinda receiving at least $6 billion in stocks as part of the settlement. After running Microsoft for 25 years, Gates turned his attention to philanthropic ventures. Bill and Melinda Gates Foundation began working in India in 2003, and with its Avahan initiative for HIV prevention, it is estimated to have prevented 6,00,000 new infections.

08. Warren Buffett.

Warren Buffett, widely known as the "Oracle of Omaha," is one of the most accomplished investors in history. He heads Berkshire Hathaway, an investment conglomerate with a diverse portfolio that includes numerous companies, insurance provider Geico, battery maker Duracell, Apple, Nu Holdings and restaurant chain Dairy Queen.

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 organizations. Demonstrating his unwavering philanthropic commitment, Buffett has expressed his intention to donate 99 percent of his wealth.

07. Sergey Brin.

Sergey Brin was born in Moscow, Russia, moving to the US with his family in 1979 when he was six years old. had gone After co-founding Google with Larry Page in 1998, Brin became Google's president of technology when Eric Schmidt took over as CEO in 2001. In addition to its dominant Internet search engine, Google offers a suite of online tools and services called Google Workspace, which includes Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, Google Slides and more. . Google also offers a variety of electronic devices, including Pixel smartphones, computers and tablets, Nest smart home devices, and the Stadia gaming platform.

06. Larry Page

Like some of the tech billionaires on this list, Larry Page began his path to fame and fortune in a college dorm room. While studying at Stanford University in 1995, Page and his friend Sergey Brin came up with an idea to improve Internet data extraction. After its ability to evaluate a page's links, the duo created a new search engine technology known as backrub.

From there, Page and Brin founded Google in 1998, with Page serving as the company's CEO until 2001 and again between 2011 and 2019.3536
Google is the world's dominant Internet search engine, accounting for over 92% of global search requests. In 2006, the company bought YouTube, the top platform for user-submitted videos.3738
US Securities and Exchange Commission. "Google to acquire YouTube for $1.65 billion in stock."

05. Larry Ellison.

Larry Ellison was born in New York City to a 19-year-old single mother. After dropping out of the University of Chicago in 1966, Ellison moved to California and worked as a computer programmer. In 1973, he joined electronics company Ampex, where he met future partners Ed Oates and Bob Miner. Three years later, Ellison moved to Precision Instruments, serving as the company's vice president of research and development.57

In 1977, Ellison founded Software Development Laboratories with Oates and Miner. Two years later, the company released Oracle, the first commercial relational database program to use a structured query language. The database program proved so popular that SDL changed its name to Oracle Systems Corporation in 1982. Ellison left his role as CEO at Oracle in 2014 after 37 years.

04.Mark Zuckerberg

Mark Zuckerberg, co-founder and CEO of Meta Platforms, launched his flagship social media platform Facebook in 2004 when he was just 19 years old. He was a computer science and psychology student at Harvard University. Facebook was created to match students' names with their photos on campus. In 2006, Facebook opened to anyone at least 13 years old with a valid email address.

In May 2012, Zuckerberg took the company public, and by December 2016, he was ranked 10th on the Forbes list of the world's most powerful people. Currently, Zuckerberg owns about 13 percent of the company's stock.

Takei, 39, is married to Priscilla Chan and is the father of three daughters. Together with his wife, he is spending $3 billion to end, cure or manage all diseases by the year 2100.

03. Bernard Arnault and Family

French national Bernard Arnault is the chairman and CEO of LVMH, the world's largest luxury goods company. LVMH brands include Louis Vuitton, Hennessy, Marc Jacobs and Sephora. Most of Arnault's wealth comes from his huge stake in LVMH. Its shares in LVMH are held by entities associated with Financier Agache; An investment firm that manages its fortunes. Notable names in its portfolio include Louis Vuitton, Christian Dior, Mo√ęt & Chandon, and Sephora. In January 2021, LVMH completed the acquisition of jeweler Tiffany & Co. for $15.8 billion.

02. Jeff Bezos

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after he resigned from the hedge fund giant D.E. Shaw. He had originally pitched the idea of an online bookstore to his former boss David E. Shaw, who wasn’t interested.

Though Amazon originally started out selling books, it has since morphed into a one-stop shop for everything under the sun and is expected to overtake Walmart as the world’s largest retailer by 2024. Amazon's pattern of constant diversification is evident in some of its unexpected expansions, which include acquiring Whole Foods in 2017 and entering the pharmacy business the same year.

Bezos owned as much as 16% of Amazon in 2019 before transferring 4% to his former wife, MacKenzie Scott, as part of their divorce proceedings. In 2020, Amazon’s share price jumped 76% on the heightened demand for online shopping amid the COVID-19 pandemic. On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant, becoming its executive chair.

01. Elon Musk

Elon Musk is now the richest person in the world. He is the CEO of several prominent companies, including electric car maker Tesla and space exploration company SpaceX. He currently has a 23 percent stake in Tesla. A significant portion of his wealth, nearly two-thirds, is tied to Tesla's success. In October 2022, Musk made headlines when he bought Twitter for $44 billion.
Musk led Tesla to its initial public offering in 2010. The company experienced significant growth in market capitalization during 2020 and 2021, catapulting Musk into the top 10 richest people in the world in September 2021. At its peak in November 2021, Musk's fortunes reached. A staggering $320 billion.