Top 10 Richest People in the world

Today our society is full of ambitious people and entrepreneurs. There are many billionaires in the world, some of them are self-made and work hard to achieve success. The people with innovative minds and higher visions are the successful people of Earth. Many of the rich in this world achieved everything that they wanted with hard work and without stopping in any step. These rich people are listed in the top 10 rank of rich people in the world. It is not easy to hold this position as our world has a population of approx. 8 billion people, and of those 8 billion, these 10 are the richest ones. They overtook 8 billion people and came in front of the world with their innovative ideas. Their net worth is determined by assessing the value of their reported assets while considering debts and relevant factors. These rankings are indicated by the net worth of the person in terms of US dollars. It is hard to compare the wealth of our riches. 

When we talk about the top 10 richest people in the world, We will see names like Elon Musk, Bernard Arnault & family, Jeff Bezos, Mark Zuckerberg, etc. The top 10 richest people in the world are given below:

Top 10 richest People in the world in 2024

Here are the top 10 richest people in the world with high net worth. All other necessary information is given below. 

1. Bernard Arnault

Bernard Arnault is a well-known name in the top 10 richest list in the world. He is a French business, chairman, and CEO of LVMH – Louis Vuitton, which is the world’s largest Luxury goods company. He spent most of the wealth generated by his ownership of LVMH. LVMH is a portfolio of luxury brands. The luxury brands include Louis Vuitton, Dior, Hennessy, and Moet & Chandon. Arnault acquired his stake in LVMH in the 1980s and then oversaw its expansion into a global powerhouse. Elon and Arnault are battling for the top two richest positions in the world. 

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2. Elon Musk 

Elon Musk holds the 2^nd position in the top 10 richest people in the world. He was born in South Africa and became a successful entrepreneur in America and secured a position in the top 10 richest list. He owns various businesses, including Tesla, X.com, SpaceX, Neuralink, and the boring company. His wealth-generating business was Tesla. He owns a 13 % stake in Tesla, which is worth $90 billion. Some of the wealth is also generated by spaceX. He also purchased Twitter in October 2022 for $44 billion.

 His success and personality gave rise to US history. He founded Tesla in 2004 by contributing $6.3 million. He then spent $100 million to found SpaceX in 2002. The SpaceX company landed several high-profile contracts with the US National Aeronautics and Space Administration (NASA) He owns a 44% stake in SpaceX. He planned to send an astronaut to Mars by 2025 in a collaborative effort with NASA. X is the new name of Twitter, which was founded in March 2006 by Jack Dorsey, Noah Glass, Biz Stone, and Evan Williams. It went public in 2013 and raised $1.8 Billion through its initial public offering. He joined Twitter in June 2009 and in April 2022 he disclosed a 9.2% stake in X. In 2022, he bought this social media platform and later changed its name from Twitter to X. 

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3. Jeff Bezos 

Jeff Bezos is an American businessperson who founded Amazon, which is the world’s largest online retailer now. He is the executive chairman of Amazon. Most of his wealth is generated by Amazon, and he also invested in some companies, including Blue Origin and the Washington Post. He holds the 3^rd position in the list of the top 10  richest people in the world. He holds a 12.3% share in the Amazon retailer market. In 1994, he started an online book-selling app, Amazon. Let it become the largest online retailer. He is also a traditional real estate investor. Jeff Bezos’s 165,000-acre corn ranch in Texas was acquired as the base of operations for his aerospace company. Jeff Bezos also invested in Uber, Airbnb, and Business Insider. 

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4. Bill Gates 

Bill Gates is the world’s fourth wealthiest person. He is 68 years old and lives in the US. Bill Gates founded Microsoft and owns a 1.4 % stake valued at $24.1 Billion. Most of his wealth is generated by Microsoft and investments in zero-carbon energy. Bill Gates and Paul Allen founded Microsoft in 1975. He is the largest owner of farmland in the United States and has invested in various companies such as Canadian National Railway and AutoNation. Berkshire Hathaway, Inc. is the holding company of Bill Gates’s friend, Warren Buffett. Canadian National Railway is the stock for the largest North American railroad. 

Bill Gates and Cascade hold over 64 million shares in CNI stock, worth approximately $7.5 billion. Republic Services, Inc. is a waste disposal services company, and Bill Gates added over 360,000 shares in cascades stake. Cascade holds 109 million shares in RSG, worth $14 Billion. Ecolab is a company that offers various services, including energy, hygiene, water technologies, and end services for many markets. Gates purchased millions of shares in this organization and holds 5.2 million shares of this stock which is worth $760 million. 

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5. Larry Ellison

Larry Ellison is one of the top successful entrepreneurs in the world. Larry Ellison is a co-founder, former CEO, and chairman of the executive board of Oracle Corporation. He owns a 42.9% stake in Oracle, which is worth $100 Billion. He is also an investor in real estate and owns several homes in California and Hawaii. His journey started in 1977 when he founded Oracle with just an investment of $1,200 after dropping out of college to pursue a career in programming. Ellison started Oracle when Apex had a contract to build it. In 1977, Larry Bob Miner, and Ed Otes founded a new company, which is named Software Development Laboratories. They started the company with $2,000 of funding and $1,200, which came out of Ellison’s pocket. Oracle succeeded in 1986 when it disclosed a revenue of $55 million. 

Later, in 1990, the oracle had to lay off 10% of its workforce, about 400 people, because of some incredible business mistake. After a few years, Oracle stands strong and is now a $250 billion company. Until the age of 49, he did not become a billionaire, but later on, he secured this top 10 position because of Oracle and Tesla stock, which made him the 5^th richest person in the world. He also owns Astor Beechwood Mansion in Newport, Rhode Island, and a beautiful home in Malibu. Recently in 2020, he revealed that he moved to Lanai full-time. 

6. Warren Buffet 

Warren Buffet is the owner of Berkshire Hathaway. He is a famous investor and business magnate in America. He holds the position of chairman and CEO in Berkshire Hathaway, a diversified holding company. Most of the wealth is generated by Berkshire Hathaway stock, it is the primary source of earnings. In this company, Warren Buffet is the largest shareholder. He is known for his long-term investment strategy, which is also known as value investing. 

Warren Buffet’s main focus is on identifying companies with solid fundamentals and then buying their stock at a price below its actual value. Previously from 1951 to 1954, Biff worked as an investment salesman at Buffett-Falk & Co. and he worked as a securities analyst at Graham Newman Corporation. When Graham retired and closed the partnership in 1956, in the same year Buffet started his Buffet Partnership Limited. It became successful, and he started to focus on the development of Berkshire Hathaway. He became director of the company from 1989 to 2006 after his investment in Coca-Cola. He was also a director of Citigroup Global Markets Holdings, The Gillette Company, and Graham Holdings Company. 

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7. Steve Ballmer

Steve Ballmer owns a stake in Microsoft. Steve Ballmer is a popular businessman and investor in America, he served as the chief executive officer of Microsoft from 2000 to 2014. He owns a stake in Microsoft stock, which is his main source of wealth. In the company, he is the largest individual shareholder in the company with a stake of 4%. Steve Ballmer owns the Clippers basketball team of Los Angeles, which plays in the NBA. In 1980, Steve Ballmer joined Microsoft full-time after dropping out of Stanford’s MBA program. Later, he restricted Microsoft’s partnership to a corporate structure and owned 8% of the company’s stock. In 1986, Microsoft became a prominent name in the market, and Ballmer became a multimillionaire. In 1988, he was appointed as president of Microsoft, and he maintained this position until 2001. Ballmer was chosen as the CEO of the company in 2000, and Microsoft gained profit after Ballmer became CEO. 

8. Larry Page

Larry Page is one of the most successful internet entrepreneur personalities, he is a computer scientist who co-founded Google with Sergey Brin. Larry Page owns a 6% stake in Alphabet stock. Which generates most of the wealth. Page was the CEO of Google from 1997 to 2001 and CEO of Alphabet from 2011 to 2015. Page became the youngest billionaire in 2004 at just the age of 29. Larry Page and Sergey both founded the first search engine called Backrub. In 1988, the company changed its iconic name, google. They launched a website in 2004 named Orkut, which is a social networking website. In the same year, they held the initial public offering, which made them millionaires. They bought Google Maps, Blogger Mobile, and Google Reader, and the company even acquired YouTube. Google achieved global success, and Larry Page was named the new CEO, with Eric Schmidt as the executive chairman. 

9. Mark Zuckerberg 

Mark Zuckerberg is a co-founder and chief executive officer of META which is also known as Facebook. In 2004, Mark founded this online social networking app in his Harvard University dorm with his friends, Andrew McCollum, Dustin Moskovitz, Chris Hughes, and Eduardo Saverin. Facebook went public in 2012 and became the most successful initial public internet offering, raising $16 billion in revenue. Later on, Meta Acquired dozens of companies over the years, such as Instagram for $1 billion, in 2014 bought WhatsApp for $22 Billion in cash and shares, Oculus VR for $2 Billion in 2014, and several other companies. Today, many people use these Facebook apps. Mark Zuckerberg became the youngest millionaire in 2008 at the age of 23. Mark is also known for his simple lifestyle and focus on social impacts. Mark is very popular among the youngsters. 

10. Sergey Brin 

Sergey Brin is a computer scientist and Internet entrepreneur who founded Google with Larry Page and achieved big success. His wealth is from the success of the alphabet and the company has a diversified portfolio of products and services which includes YouTube, Android, and Google search. Sergey Brin mostly focuses on lifestyle and innovation. Sergey Brin was very perfect in the field of artificial intelligence and has been a vocal advocate for its responsible development. This youngster revealed  Gmail on April 1, 2004, created by Paul Buchheit to the public. In 2014, there were over 500 million active Gmail users. They become very successful now with their dedication and hard work. 

Conclusion

This is the list of the top 10 richest persons in the world. These people innovated something and helped society, and now they become the richest persons in the world with the highest net worth. Some of them are luxury retailers and technological innovators, and some are value investors, with the help of their skills they now secured the top richest person positions in the world. Do you all know, what is the greatest fortune in this list? The greatest fortunes on this list started as good ideas that people with creativity and connections used to build some of the world’s largest companies. They created history by making more money than the normal people in this world. 

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