Who is The Top 10 Millionaire in The World?
Here’s a Concise Overview of the Top 10 Richest People in the World as of March 2024 that Who is the World's Richest Billionaires
Table of Contents
The Top 10 Richest People in the World are:
- Age: 74
- Residence: Paris
- Citizenship: France
- Net Worth (in $ Billions): $226.6B
- Bernard Arnault runs the LVMH empire, which includes 75 fashion and cosmetics brands including Louis Vuitton and Sephora.
- LVMH acquired American jeweler Tiffany & Co. for $15.8 billion in 2021, considered its largest luxury brand acquisition to date.
- Arnault’s holding company, Agache, is backed by Aglaé Ventures, a venture capital firm that invests in companies such as Netflix and TikTok’s parent company ByteDance.
- His father made very little money in construction work; Arnault got his start in 1984 by investing $15 million from that business to buy Christian Dior.
- Arnault’s five children work at LVMH; In July 2022, he proposed restructuring his holding company Agache to give them equal stake.
- Age: 60
- Residence: Medina, Washington
- Citizenship: US
- Net Worth (in $ Billions): $198.4B
- Jeff Bezos founded e-commerce giant Amazon from his Seattle garage in 1994.
- To take on the role of executive chairman in 2021, Bezos resigned as CEO. He has little less than 10% of the business.
- After 25 years of marriage, Bezos and his wife MacKenzie got divorced in 2019, and he gave her a quarter of his then-16% Amazon stock.
- Bezos donated more than $400 million worth of stocks to nonprofits in 2022, though it’s not clear which organizations received those shares.
- He owns The Washington Post and Blue Origin, an aerospace company that develops rockets; He made a brief flight in July 2021.
- Bezos said in an interview with CNN in November 2022 that he planned to give away the majority of his wealth during his lifetime, without disclosing any specific details.
- Age: 52
- Residence: Austin, Texas
- Citizenship: US
- Net Worth (in $ Billions): $195.3B
- Elon Musk is a co-founder of six businesses, including SpaceX, a rocket manufacturer, Tesla, and the tunneling venture Boring Company.
- He owns about 21% of Tesla between stock and options, but has pledged more than half his shares as collateral for personal loans of up to $3.5 billion.
- After a $750 million tender offer in June 2023, SpaceX, which was founded in 2002, has nearly quadrupled its value in just four years, making it worth nearly $150 billion.
- With a $5.7 billion valuation, the Boring Company, which seeks to combat traffic, raised $675 million in April 2022.
- Twitter’s board agreed to sell the company to Musk for $44 billion in April 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.
- Following Twitter’s lawsuit and Musk’s attempt to back out, the purchase finalized in October 2022. Musk owns an estimated 74% of the company, which is now called X.
- Age: 39
- Residence: Palo Alto, California
- Citizenship: US
- Net Worth (in $ Billions): $170.3B
- Mark Zuckerberg started Facebook in 2004 at the age of 19 to give students at Harvard University the ability to match names to photos of their classmates.
- He listed his Facebook in May 2012. He currently owns approximately 13% of the company’s stock.
- Facebook changed its name to its Meta Platform in November 2021, indicating that the company is shifting its focus to the metaverse.
- In December 2015, Zuckerberg and his wife Priscilla Chan vowed to relinquish their 99% ownership of Meta for life.
- Age: 79
- Residence: Lanai, Hawaii
- Citizenship: US
- Net Worth (in $ Billions): $155.2B
- Larry Ellison is the chairman, chief technology officer, and co-founder of software giant Oracle, of which he owns just under 40%.
- He left the role of Oracle CEO in 2014 after 37 years at the helm.
- Oracle has grown through frequent acquisitions of software companies, with its largest share in 2021 being electronic medical records company Cerner’s $28.3 billion.
- In 2020, Ellison moved permanently to the Hawaiian island of Lanai, which he purchased almost entirely in 2012 for $300 million.
- Ellison served on Tesla’s board from December 2018 to August 2022. He still holds about 15 million shares in the electric car maker.
- Age: 93
- Residence: Omaha, Nebraska
- Citizenship: US
- Net Worth (in $ Billions): $138.6B
- Warren Buffett, known as the “Oracle of Omaha”, is one of the most successful investors of all time.
- Buffett heads Berkshire Hathaway, which owns dozens of companies, including insurance company Geico, battery maker Duracell and restaurant chain Dairy Queen.
- The son of a U.S. Congressman, he first bought stocks at age 11 and filed taxes for the first time at 13.
- He has promised to donate more than 99% of his wealth. To date, he has given away more than $56 billion, most of it through the Gates Foundation and his children’s foundations.
- In 2010, he and Bill Gates launched the Giving Pledge, asking other billionaires to donate at least half of their fortunes to charitable causes.
- Age: 68
- Residence: Medina, Washington
- Citizenship: US
- Net Worth (in $ Billions): $131.3B
- Bill Gates is investing his wealth from the software giant Microsoft in a number of ventures, one of which is a carbon-free energy company.
- Gates, who co-founded Microsoft in 1975 with Paul Allen (who died in 2018), transferred at least $6 billion worth of publicly traded company stock to Melinda as part of their divorce agreement.
- When Gates left Microsoft’s board in March 2020, he owned about 1.3% of the software and computer company.
- He has invested in dozens of companies, including Republic Services and Deere & Company, and is one of America’s largest farmland owners.
- More than $59 billion has been given by Gates to the Gates Foundation to far, including a $20 billion donation that was revealed in July 2022. Early on, Microsoft shares constituted the majority of his donations.
- Age: 67
- Residence: Hunts Point, Washington
- Citizenship: US
- Net Worth (in $ Billions): $124.5B
- Steve Ballmer is the former CEO of Microsoft, who led the company from 2000 to 2014.
- He joined Microsoft in 1980 as employee number 30 after leaving Stanford’s MBA program.
- Ballmer ran Microsoft as CEO after the first dot-com crash and through efforts to catch Google in search capabilities and Apple in mobile phones.
- In 2014, the year he retired from Microsoft, he purchased the NBA’s Los Angeles Clippers for $2 billion; Forbes now values the team at $4.65 billion.
- He has expanded his philanthropy since 2014, investing more than $2 billion in donor-advised funds with a focus on economic mobility; To date the Ballmers have donated approximately $3.5 billion.
- In 2022, he and his wife Connie donated approximately $425 million to the University of Oregon to create an institute aimed at the behavioral and mental health needs of children in the state.
- Age: 50
- Residence: Palo Alto, California
- Citizenship: US
- Net Worth (in $ Billions): $126B
- Larry Page stepped down as CEO of Google’s parent company Alphabet in 2019, but remains a board member and a controlling shareholder.
- He collaborated in 1998 with fellow Stanford Ph.D. Co-founded Google with. Student Sergey Brin.
- Along with Brin, Page invented Google’s PageRank algorithm, which powers the search engine.
- Page was CEO until 2001, when Eric Schmidt took over, and again from 2011 to 2015, when he became CEO of Alphabet, Google’s new parent firm.
- Age: 66
- Residence: Mumbai, India
- Citizenship: India
- Net Worth (in $ Billions): $116.6B
- Mukesh Ambani is the head of Reliance Industries, a $110 billion company with petrochemicals, oil and gas, telecommunications, retail, and financial services businesses.
- Reliance was founded as a small textile manufacturer in 1966 by Dhirubhai Ambani, whose late father was a yarn merchant. After their father’s death in 2002, Ambani and his younger brother Anil divided the family empire.
- Reliance’s telecom and broadband service Jio has more than 47 crore customers. In August 2023, Reliance listed its financial arm, Jio Financial Services.
- Ambani is taking Reliance towards green energy. The company will invest $80 billion in renewable energy over the next 10-15 years and build a new complex next to its refinery.
- Ambani’s three children will join the board of Reliance in 2023. Son Akash heads Jio; Daughter Isha oversees retail and financial services; And younger son Anant is in the energy business
