The Richest People in the World in 2024

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

Using data from the Forbes Real-Time Billionaires List, we provide a snapshot of the richest people in the world as of February 2024.

Bernard Arnault ahead of Elon Musk

Bernard Arnault overtook Elon Musk as the richest person in 2024 due to a 21% decline in Musk’s wealth, from $245.3 billion to $194.6 billion.

The billionaire chairman and CEO of the global luxury goods company LVMH runs dozens of luxury brands such as Louis Vuitton, Sephora, and Tiffany & Co.

The French businessman also has investments in businesses such as Netflix and ByteDance, the parent company of TikTok.

The cumulative net worth of the top five richest individuals grew 4% in 2023, to $904.9 billion.

In China, Zhong Shanshan, the chairman and founder of bottled water and beverage producer Nongfu Spring, remains the country’s richest person with a net worth of $60.5 billion.

In India, the list is topped by Mukesh Ambani.

The chairman of Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail, and financial services, has a $102.1 billion fortune.

How fortunes have changed

Just as in 2023, Mark Zuckerberg saw the most significant growth in his fortune among the top 10 richest individuals.

The Facebook co-founder’s net worth surged by over $45 billion by February 2024 compared to November 2023, after Meta’s latest results far exceeded Wall Street’s expectations, sending its shares up.

Zuckerberg’s net worth growth of 39% moved him from 7th to 4th, overtaking Bill Gates, Warren Buffett, and Larry Ellison.

Meanwhile, Oracle’s chief technology officer and former CEO Larry Ellison saw his net worth retreat by $3 billion after the company reported disappointing revenue in 2023.

Guest author is Niccolo Conte, writer at The Visual Capitalist. You can read the original article here.

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