The American business magazine Forbes publishes an annual list of billionaires—those whose net worth is $1 billion or more—called The World's Billionaires. March 1987 saw the initial publication of the list. Every person on the list has an estimated total net worth, expressed in US dollars, that is derived from their recorded assets after deducting debt and other considerations. These lists do not include tyrants or members of the royal family whose riches derives from their status. This ranking is an index of the wealthiest people who have been officially documented; it does not include any ranking of wealthy people whose wealth cannot be conclusively determined.

1. Bernard Arnault 

   Born in 1949, Bernard Jean Étienne Arnault is a French businessman, investor, and art. The world's largest luxury goods company, LVMH, is led by its founder, who also serves as chairman and CEO. According to Forbes, Arnault has an estimated net worth of US$194 billion as of July 2024, making him the third richest person in the world.
2. Elon Musk

   Born on June 28, 1971, Elon Reeve Musk is a well-known businessman and investor who holds significant positions in SpaceX, a space firm, and Tesla, Inc., an automotive company. In addition, he was a founding member of The Boring Company, xAI, Neuralink, and OpenAI, and he owns X Corp., formerly Twitter. Forbes estimates his net worth to be US$221 billion as of July 2024, making him one of the richest persons in the world.

3. Jeff Bezos 

   Born on January 12, 1964, Jeffrey Preston Bezos is an American investor, media owner, and businessman. Amazon is the largest e-commerce and cloud computing firm in the world. He is the founder, executive chairman, and former president and CEO of the company. As of July 16, 2024, he had a net worth of US$ 211 billion, making him the second richest person in the world, according to Forbes. As per the Bloomberg Billionaires Index and Forbes, he was the richest individual from 2017 to 2021.

4. Mark Zuckerberg 

   US businessman Mark Elliot Zuckerberg was born on May 14, 1984. He is the chairman, CEO, and majority shareholder of Meta Platforms (previously Facebook, Inc.), the parent company of the social media platform Facebook, which he co-founded. With a $176 billion net worth as of June 13, 2024, he is the fourth richest person in the world, behind Jeff Bezos, Elon Musk, and Bernard Arnault.

5. Larry Ellison

   American businessman and entrepreneur Lawrence Joseph Ellison was born on August 17, 1944, and he cofounded the software corporation Oracle Corporation. He served as Oracle's CEO from 1977 to 2014; he is currently the company's executive chairman and chief technology officer. With an estimated net worth of US$137 billion as of June 2024, he ranks ninth in the world according to the Bloomberg Billionaires Index and fifth in the world according to Forbes, with an estimated net worth of $152 billion. Notoriety also stems from Ellison's 98% ownership of Lānaʻi, the sixth largest island in the Hawaiian archipelago.

   

6. Warren Buffett

   American businessman, investor, and philanthropist Warren Edward Buffett was born on 30 August 1930. He is the chairman and CEO of Berkshire Hathaway at the moment. Buffett's prowess in investments has made him one of the most well-known investors in the world. With a $135 billion net worth as of June 2024, he ranked eighth in the world's wealthiest people.

7. Bill Gates

   Born on October 28, 1955, William Henry Gates III is an American writer, philanthropist, businessman, and investor who is most renowned for having co-founded Microsoft, the software firm, alongside his childhood friend Paul Allen. In his tenure at Microsoft, Gates served as chairman, CEO, president, and chief software architect. Until May 2014, he was also the company's largest individual shareholder. He was a trailblazer in the 1970s and 1980s microcomputer revolution. Gates has been listed among the world's wealthiest billionaires by Forbes since 1987.

8. Steve Ballmer

   American investor and businessman Steven Anthony Ballmer was born on March 24, 1956, and he served as Microsoft's CEO from 2000 until 2014. He is the National Basketball Association's (NBA) Los Angeles Clippers' owner. He is one of the co-founders of the charitable investing firm Ballmer Group. His personal wealth is estimated by the Bloomberg Billionaires Index to be approximately $147 billion as of June 2024, placing him as the sixth richest person in the world. With a $125 billion net worth, Forbes lists him as the tenth richest person at the same moment.

9. Mukesh Ambani

   Indian businessman Mukesh Dhirubhai Ambani was born on April 19, 1957. He currently serves as Reliance Industries' chairman and managing director. As of July 2024, he is the richest person in Asia and the eleventh richest person worldwide, with an estimated net worth of $123.3 billion. Known for being a plutocrat at times, he has gained and lost notoriety due to allegations of cronyism, political corruption, market manipulation, and exploitation.

10. Larry Page

    American businessman, computer scientist, and internet entrepreneur Lawrence Edward Page was born on March 26, 1973. He is most known for co-founding Google with Sergey Brin.

    Page is the fifth richest person in the world with an estimated net worth of $156 billion as of June 2024, based on the Bloomberg Billionaires Index and $145.2 billion according to Forbes. He has also invested in the firms Kitty Hawk and Opener, which are flying cars.

     

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