As the global economy undergoes continual evolution and technology revolutionizes industries, the roster of the world’s richest individuals remains a captivating and intriguing subject. Their fortunes transcend borders and industries, endowing them with considerable influence and the ability to steer global economic trends. As of March 2024, let’s explore the top 10 Richest Person in the World who command the global wealth landscape.
Richest Person of the World by March 2024
By March 2024, Jeff Bezos had once again ascended to the pinnacle of the global wealth hierarchy, reclaiming his status as the world’s wealthiest individual, as reported by the Bloomberg Billionaires Index. Surpassing Elon Musk with a staggering net worth of $200 billion, Bezos witnessed a remarkable surge in wealth, amounting to an increase of $23 billion throughout 2024. Conversely, Musk experienced a significant downturn, incurring a loss of approximately $31 billion over the same period. Despite divesting $8.5 billion in Amazon shares, Bezos maintains primary ownership of the e-commerce giant, while Musk retains a substantial 20 percent equity interest in Tesla.
Billionaires of the World by March 2024
Jeff Bezos, the founder of Amazon, emerges as the frontrunner with a remarkable net worth of $200.3 billion, solidifying his position as the wealthiest individual worldwide in 2024. His unparalleled influence extends across various sectors, firmly establishing him as a titan in both technology and business.
Elon Musk, following closely behind Bezos is the CEO of Tesla and SpaceX, with a net worth of $198 billion. Musk’s groundbreaking work in electric vehicles, space exploration, and renewable energy has propelled him to the forefront of global wealth and influence.
Bernard Arnault, Chairman, and CEO of LVMH, secures the third position with a net worth of $197 billion. As the leader of one of the world’s largest luxury goods conglomerates, Arnault underscores the enduring allure of high-end fashion and luxury brands.
Mark Zuckerberg, co-founder of Facebook, now known as Meta, claims the fourth spot with a net worth of $179 billion. Zuckerberg’s visionary leadership has revolutionized social media and digital communication, reshaping global interaction and information consumption.
Bill Gates, Microsoft’s co-founder, wraps up the top five wealthiest individuals with a net worth of $150 billion. Gates’ contributions to the technology industry and philanthropic initiatives have cemented his status as one of the most influential figures in contemporary history.
Top-10 Richest Persons in the World as of March 2024
By March 2024, Jeff Bezos from the United States, boasting a net worth of $200.3 billion, held the title of the world’s wealthiest individual, followed by Elon Musk, Bernard Arnault, and Mark Zuckerberg.
Presented below is the roster of the ten wealthiest individuals globally as of March 2024:
Rank | Name | Net Worth (in billion USD) | Source | Citizenship |
---|---|---|---|---|
1. | Jeff Bezos | $200.3 | Amazon | United States |
2. | Elon Musk | $198 | Tesla, SpaceX | United States |
3. | Bernard Arnault | $197 | LVMH | France |
4. | Mark Zuckerberg | $179 | Meta/Facebook | United States |
5. | Bill Gates | $150 | Microsoft | United States |
6. | Steve Ballmer | $143 | Microsoft, LA Clippers | United States |
7. | Warren Buffet | $133 | Berkshire Hathaway | United States |
8 | Larry Ellison | $129 | Oracle | United States |
9. | Larry Page | $122 | United States | |
10 | Sergey Brin | $116 | United States |
Richest Man in the World – Jeff Bezos
- Net Worth: $200.3 billion
- Source: Amazon
- Country: United States
Jeff Bezos, renowned for his firm leadership style and acute business acumen, adeptly steered Amazon to its status as the largest online retailer globally and recently affirmed his position as the world’s wealthiest individual. Along the journey, he encountered frequent conflicts with local businesses and smaller competitors. Noteworthy among Amazon’s successful diversification endeavors is its highly lucrative sector, Amazon Web Services. In March, Bezos briefly held the esteemed title of the world’s richest individual, boasting a net worth of $200.3 billion, surpassing luminaries such as Bill Gates, Warren Buffett, and Mark Zuckerberg. The subsequent month, Amazon made waves with its remarkable $13.7 billion acquisition of the Whole Foods supermarket chain.
Second Richest Person in the World – Elon Musk
- Net Worth: $198 billion
- Source: Tesla, SpaceX
- Country: United States
Elon Musk spearheads two groundbreaking endeavors: SpaceX, dedicated to space exploration, and Tesla, leading the charge in the proliferation of electric vehicles. Originating from South Africa, Musk traversed from Canada to the United States before embarking on his college journey. His trajectory toward potentially claiming the title of the second richest person in the world commenced in September 2021, fueled by Tesla’s remarkable surge in the stock market, a company he initially invested in before assuming the CEO mantle. However, his fortune faced a significant setback subsequent to his $44 billion acquisition of Twitter in April 2022, despite SpaceX’s skyrocketing valuations. The divestment of $23 billion worth of Tesla stock to finance the transaction, coupled with investor apprehensions about assuming additional CEO responsibilities, contributed to this downturn.
World’s Third Billionaire Person – Bernard Arnault
- Net Worth: $197 billion
- Source: LVMH
- Country: France
Bernard Arnault, who leads LVMH, manages a prestigious collection of 75 luxury brands spanning clothing and cosmetics. Notable names within this portfolio include Sephora and Louis Vuitton. LVMH grabbed headlines in 2021 with its significant $15.8 billion acquisition of Tiffany & Co, a milestone in premium brand acquisitions. Arnault’s holding company, Agache, also supports Aglaé Ventures, a venture capital firm, through strategic investments in companies like Netflix and ByteDance, the parent company of TikTok. In 1984, Arnault spearheaded the acquisition of Christian Dior, initially facilitated by a $15 million contribution from his family’s construction enterprise. As of July 2022, he proposed a restructuring of Agache to distribute equal ownership among his five children, each of whom holds pivotal roles within LVMH’s operations.
FAQs
Who currently holds the title of the wealthiest individual globally?
By March 2024, Jeff Bezos, with a net worth of $200.3 billion, solidifies his position as the wealthiest man globally, representing the United States.
Who holds the title of the second wealthiest individual globally?
Elon Musk, renowned for his pioneering ventures such as Tesla and SpaceX, possesses a net worth of $198 billion. Recently, he has claimed the position of the world’s second richest man.
Who currently ranks as the third wealthiest individual globally?
Bernard Arnault, the custodian of LVMH, possesses a net worth of $197 billion, securing the esteemed title of the world’s third richest individual.
Who are the top-5 richest persons in the world by March 2024.
As of March 2024, the top 5 richest individuals in the world are Jeff Bezos, Elon Musk, Bernard Arnault, Mark Zuckerberg, and Bill Gates.