Top 10 Richest People in World Making Worth Millions
In this world, driven by ambition and the spirit of entrepreneurship, there is a set of individuals who have amassed unimaginable fortunes. These are extraordinary men; some with visions while others being innovators who rose to the pinnacle of success thereby becoming a part of an elite group of the richest people in the world. The net worth’s of the top 10 richest people overtake many nations GDP’s, especially in technology, finance, and retail sectors which are their major areas investment. This poses a major challenge all over the world since it has widened income gap. Hence it is very important that this article discloses these identities in order for us to know more about those rich people on earth; they do not only have wonderful accomplishments but also business leadership skills as well as global economic implications. Forbes provided this list.
These are the world’s top billionaires: Richest people in the world 2024:
- Elon Musk
- Age: 52
- Residence: Boca Chica, Texas
- Citizenship: US
Elon Musk, currently one of the wealthiest persons alive leads several companies such as Tesla which manufactures electric cars and SpaceX whose focus is space exploration. He owns 23% shares at Tesla where a large portion of his wealth comes from due to the company’s success. In October 2022 Musk bought Twitter for $44 billion which made him appear like a crazy person who was out there trying to compete with someone’s likes e.g., Schmidt or Gates. For instance, he led Tesla for its IPO (Initial Public Offering) in 2010 whereby within two years its market capitalization reached $500 billion thus pushing him to become a billionaire at age forty by September 2021 and later became considered as one of richest people worldwide just after few months having his fortune peak up $320 billion by November last year.
2. Jeff Bezos
- Age: 60
- Residence: Medina, Washington
- Citizenship: US
Jeff Bezos resigned as Amazon’s CEO in July 2021 but remained its chairman. In that same month, he took a flight into space on a rocket built by Blue Origin, his private space exploration company which he financed with billions of dollars. He initiated Amazon back in 1994 and continued to serve as its president up until last year when he decided to leave office. Before starting Amazon, he worked at D.E. Shaw hedge fund located in New York City. Becoming the richest man on Earth was part of this journey after passing Bill Gates who was formerly ranked first in July 2017 before exchanging the top two positions for several times since then. From 2018 to 2021 Bezos held the Forbes’ title of the world richest person only to fall second this year after Gates
Bernard Arnault & Family
Age: 75
Residence: Paris
Citizenship: France
The CEO and chairman of Moët Hennessy Louis Vuitton (LVMH), the largest luxury goods company in the world, with nearly 70 well-known fashion and cosmetic brands is Bernard Arnault, who happens to be the second wealthiest person globally. Some of its popular ones include Sephora, Moet & Chandon, Louis Vuitton, and Christian Dior among others. This giant bought Tiffany & Co., for $15.8 billion in January 2021. His LVMH empire is backed by his five children each working on one or another part of it. The group’s second major brand is Dior whose leadership he gave to his daughter Delphine in January 2023.
Mark Zuckerberg
Age: 40
Residence: Palo Alto, California
Citizenship: US
Mark Zuckerberg who created Facebook as a social media platform and co-founded Meta Platforms when he was only nineteen years old is its current Chief Executive Officer (CEO). He studied computer science as well as psychology at Harvard University where he was a student back then. Facebook was built upon matching names of students on campus with their photographs. In September 2006, it became open to any individual above thirteen years via email registration. In may two thousand twelve Zuckerberg took the firm public until December twenty sixteen when Forbes listed him as tenth amongst “The World’s Most Powerful People”. He possesses approximately thirteen percent of shares owned by this company today. A forty year old techie named Zuckerberg married Priscilla Chan and now they are parents to three daughters; together they decided to spend $3 billion toward curing all diseases before year 2100.
Larry Ellison
Age: 79
Residence: Manalapan, Florida
Citizenship: US
Oracle, a software company started in 1977 was co-founded by Larry Ellison, where he served as CEO until 2014. He currently holds the positions of executive chairman and Chief Technology Officer at Oracle. In June twenty twelve, Ellison made news across the globe when he bought Lanai, an Hawaiian island worth $300 million. Salesforce.com, NetSuite, Quark Biotechnology Inc., and Astex Pharmaceuticals are among other investments that Ellison has been in. Amongst such landmark deals include its strategic acquisitions especially the purchase of Cerner at $28.3 billion in 2021, which is an electronic health records leader for instance that took place under his direction.
Larry Page
51 years old
Palo Alto, California
US citizen
With Sergey Brin a fellow Stanford PhD student of his, Larry Page co-founded Google in 1998. Initially, Larry was the CEO to 2001 and then he later re-took the position from 2011-2015. He remains on Alphabet’s board as one of its directors but is also among the major shareholders who have substantial control over the company. Besides this, he played an integral role as a founding investor in Planetary Resources which for example is intends to mine metals or other resources from asteroids or solar system bodies.
Sergey Brin
50 years old
Los Altos, California
US citizen
Sergey Brin alongside his Stanford PhD colleague Larry Page played a key role in establishing the Google search engine in 1998. In the beginning, get the post of technology president at Google before moving to look after special projects such as the development of Google Glass which is voice activated “smart glasses” wearable device. Currently, he serves on Alphabet’s board while still retaining a significant controlling interest in Google.
Warren Buffett
93 years old
Omaha Nebraska
US citizen
Warren Buffet popularly called Oracle of Omaha is considered one of the greatest investors who ever lived. He runs Berkshire Hathaway which has interests touching several businesses including insurance provider Geico, battery manufacturer Duracell and Apple Inc., NV holdings and Dairy Queen restaurant chain. In 2010 Buffett partnered with Bill Gates and Melinda French Gates as part of their charitable foundations’ campaign with called the Giving Pledge which demands billionaires to give away no less than fifty percent of their wealth to charity. As proof of this staunch support for philanthropy, Warren Buffet has pledged to donate his entire wealth leaving him only with just one percent.
Bill Gates
Age: 68
Residence: Medina, Washington
Citizenship: US
Gates was first listed as a billionaire by Forbes in 1987. From 1995 to 2017, he was ranked the richest person in the world with few exceptions in 2008 and then from 2010 through 2013. In 2021, Gates and Melinda French Gates finalized their divorce which saw her receive stocks worth at least $6 billion as part of the settlement. Gates’ early retirement after running Microsoft for twenty-five years turned his attention into social ventures like The Bill and Melinda Gates Foundation which embarked on its work in India in 2003 and is estimated to have prevented about six hundred thousand new infections through its Avahan initiative for HIV prevention.
Steve Ballmer
Age: 68
Residence: Hunts Point, Washington
Citizenship: US
Harvard University classmate of Bill Gates, Steve Ballmer was CEO of Microsoft from year two thousand until 2014 when he left office. He started off working for Microsoft under the leadership of Bill gates who employed him as its premier director of business development back in nineteen eighties’. Ballmer later retired from being a chief executive officer to do other things such as buying a Los Angeles Clippers basketball team that became well-known instantly after year twenty fourteen. As one among largest shareholders, he has become enormously rich throughout the years having accumulated an interest of four percent at Microsoft Corporation and owning Clippers worth approximately three point nine billion dollars today.
Conclusion
The top 10 richest people globally are examples of those who combine ambition with innovation and strategic investment tactics. Their huge impact cuts across industries thereby reshaping economies and society at large. While many see these individuals’ success stories as motivation but there are also important questions about wealth inequality they raise or how big their influence can be around the globe even besides it. The understanding of their journey provides important lessons into the dynamics of wealth creation today and the associated obligations.
