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While most of us are still recovering from the effects of the pandemic as well as the Russia-Ukraine war it’s also had a catastrophic effect on the rise of inflation.
However, it doesn’t seem to have had much of an effect on billionaires as their fortune continues to grow.
And it seems like there are more billionaires than ever: 2,781 in all. This is 141 more than last year and 26 more than the record which was set in 2021.
Let’s not forget that they are richer than ever too, with an estimated wealth of $14.2 trillion collectively. This is up by a staggering $2 trillion from 2023.
Forbes has released this year’s World’s Billionaires List and surprisingly Tesla founder and now X, formerly known as Twitter, owner Elon Musk isn’t the richest person in the world.
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Let’s take a look at the top 10 richest billionaires and how they made their fortune.
The 10 richest people in the world on the 2024 Forbes list:
1. Bernard Arnault & family
Net Worth: $233 billion
Bernard Arnault oversees the LVMH empire which is home to 75 fashion and cosmetics brands that include Louis Vuitton and Sephora.
2. Elon Musk
Net Worth: $195 billion
Elon Musk is the man behind six companies including Tesla, rocket producer SpaceX and tunnelling startup Boring Company.
3. Jeff Bezos
Net Worth: $194 billion
Jeff Bezos is of course the founder behind online giant Amazon.
4. Mark Zuckerberg
Net Worth: $177 billion
Mark Zuckerberg was only 19 when he started Facebook in 2004.
5. Larry Ellison
Net Worth: $141 billion
Larry Ellison is the chairman, chief technology officer and co-founder of software giant Oracle. By the way, he only owns just under 40% of it.
6. Warren Buffett
Net Worth: $133 billion
The 93-year-old is an American businessman and investor is also who known as the “Oracle of Omaha.” He currently serves as the co-founder, chairman and CEO of Berkshire Hathaway.
7. Bill Gates
Net Worth: $128 billion
Bill Gates makes most of his money from Microsoft but has put his fortune into dozens of holdings, including Republic Services and Deere & Co.
8. Steve Ballmer
Net Worth: $121 billion
The 68-year-old is the former CEO of Microsoft, who led the company from 2000 to 2014.
9. Mukesh Ambani
Net Worth: $116 billion
Mukesh Ambani chairs and runs $110 billion Reliance Industries.
10. Larry Page
Net Worth: $114 billion
Despite stepping down as CEO of Alphabet which is the parent company of Google, in 2019 Larry still remains a board member and a controlling shareholder.
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