Bernard Arnault, the renowned chairman and CEO of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, has once again secured the top spot on Forbes’ World’s Billionaires list for the second consecutive year.
With an estimated fortune of $233 billion, Arnault, 75, maintains a substantial lead of $38 billion over his closest competitor, Elon Musk. This impressive increase in wealth is attributed to another exceptional year for LVMH, which reported a net profit of $16.5 billion on revenues of $94 billion in 2023.
Next in line, comes Jeff Bezos (60), the founder of e-commerce giant Amazon, who has racked up some $198.4 billion worth of wealth. Bezos stepped down from his role as CEO of Amazon in 2021 to become an executive chairman.
He is followed in third place by Elon Musk, who has $195.3 billion in wealth. Through March 2024, Musk and Bezos have been fluctuating between second and third place due to changing stock prices for Amazon and Tesla.
Musk (52) has co-founded multiple companies, from the electric car manufacturer Tesla to the rocket maker SpaceX and also owns X (formerly Twitter).
Mark Zuckerberg (39) of Meta, Larry Ellison (79) of Oracle, Warren Buffett (93) of Berkshire Hathaway, Bill Gates (68) of Microsoft and Larry Page of Google (51) complete the top eight roundups of most wealthy people in the world.
In ninth and tenth place comes Steve Ballmer (68), the former CEO of Microsoft, and Sergey Brin (50), the co-founder of Google.
This chart is based on Forbes’ calculations using net worths based on stock prices and exchange rates from April 1, 2024.
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Table Below: Top 10 Richest People In The World
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth | Country |
|---|---|---|---|
| #1 Bernard Arnault & family | $233 | LVMH | France |
| #2 Elon Musk | $194 | Tesla, SpaceX | United States |
| #3 Jeff Bezos | $195 | Amazon | United States |
| #4 Mark Zuckerberg | $177 | United States | |
| #5 Larry Ellison | $141 | Oracle | United States |
| #6 Warren Buffett | $133 | Berkshire Hathaway | United States |
| #7 Bill Gates | $128 | Microsoft | United States |
| #8 Steve Ballmer | $121 | Microsoft | United States |
| #9 Mukesh Ambani | $116 | Reliance Industries | India |
| #10 Larry Page | $114 | United States |
