Ranked: The World’s Top 10 Billionaires in 2024
Elon Musk has reached a net worth of $205.4 billion in 2024, securing his position as the richest billionaire in the world, ahead of Jeff Bezos at $203.2 billion and Bernard Arnault at $200 billion. Arnault, the billionaire chairman and CEO of the global luxury goods company LVMH, led the ranking at the beginning of the year.
Using data from Forbes’ Real-Time Billionaires List, we provide a snapshot of the top 10 billionaires in the world as of June 11, 2024. It is important to note that the rank changes frequently due to fluctuations in stock prices, market conditions, and significant business transactions.
$1.6T in Combined Wealth
The wealth of the top 10 wealthiest people ($1.6 trillion) is almost equivalent to Mexico’s GDP, the 14th largest economy in the world.
At the top of the list, Elon Musk’s wealth derives primarily from his stake in Tesla, his holdings in SpaceX, and the social media platform X.
| Rank | Name | Net Worth (USD in Billions) | Source |
|---|---|---|---|
| 1 | Elon Musk | $205.40 | Tesla, SpaceX |
| 3 | Jeff Bezos | $203.20 | Amazon |
| 2 | Bernard Arnault & family | $200.00 | LVMH |
| 4 | Mark Zuckerberg | $176.50 | |
| 5 | Larry Ellison | $153.70 | Oracle |
| 6 | Larry Page | $145.10 | |
| 8 | Sergey Brin | $139.00 | |
| 7 | Warren Buffett | $134.00 | Berkshire Hathaway |
| 9 | Bill Gates | $131.00 | Microsoft |
| 10 | Steve Ballmer | $126.50 | Microsoft |
Recently, Tesla shareholders voted to approve a pay package worth approximately $50 billion for Musk at the company’s annual shareholder meeting. This decision is being challenged by a Delaware judge, who has described Musk’s award as “unfathomable.”
Meanwhile, Amazon founder Jeff Bezos overtook Bernard Arnault as the second-wealthiest person in June 2024, after LVMH’s shares fell and Amazon’s shares slightly increased.
As a relevant side note, Arnault has also been carefully laying succession plans for LVMH this year, with the 75-year-old recently appointing two more of his sons to the company’s board in April 2024. This leaves just his youngest son without a spot on the board, though he is employed at the company.
Source: Visual Capitalist
