Like Page, he currently serves as a board member of Google’s parent company Alphabet and is a controlling shareholder. Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time. He runs investing conglomerate Berkshire Hathaway, which owns dozens of companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
Françoise Bettencourt Meyers and Family
The CEO of luxury goods conglomerate LVMH, which owns brands such as Louis Vuitton, Christian Dior and Givenchy, added $61 billion to his net worth in 2021. Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Ballmer’s fortune slipped in the past month amid a drop in the price of Microsoft stock. Ballmer and his wife Connie are among the 25 most generous philanthropists in America. He moved into the top 10 richest in the world following a notable 15% jump in the share price of Alphabet in May 2023. During February 2024, Ellison was overtaken by Mark Zuckerberg and fell from No. 4 richest to No. 5.
Theo Albrecht Jr & family
The total net worth of every billionaire together is $13.1 trillion—a $5.1 trillion leap from 2020’s aggregate billionaire wealth. After the dot-com bubble started to collapse in 2000, his wealth dropped to $60 billion, although he remained at the top of the list. Once again, their fortunes were closely accounting services for startups correlated to the performance of tech stocks, which rose to fresh records this year despite recession fears, lingering inflation, lofty interest rates and geopolitical turmoil. Tech billionaires saw their wealth grow by 48% or $658 billion, propelled by intense hype around artificial intelligence.
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Ma Huateng is the co-founder and chairman of Chinese technology investment company Tencent Holdings. A chunk of the proceeds likely helped fund Rob Walton’s record $4.7 billion purchase of the Denver Broncos last August. That investment is off to a slow start, with the team unexpectedly missing the NFL playoffs. Bernard Arnault, head of luxury goods giant LVMH, is up $53 billion–more than any billionaire, and enough to vault him into No. 1 spot for the first time. Forbes' real-time billionaires list confirms Arnault's ongoing reign at the top, a position he has held since February 2024, closely trailed by Elon Musk, the visionary behind Tesla.
- Leonard Hyde and Jonathan Rubini of JL Properties are tied as the richest residents — both have an estimated worth of "only" $400 million, Forbes reports.
- In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to his current position as CEO of the electric vehicle company.
- Page’s fortune rose by more than $9 billion in April after jumping nearly $11 billion in March 2024 as Alphabet shares advanced.
- And Zuckerberg talked to Forbes in September 2023 about Meta’s two biggest bets ahead of the company turning 20.
- Bezos owns the Washington Post and also oversees Blue Origin, a space exploration company that seeks to lower the cost and increase the safety of spaceflight.
- They’re worth a collective $12.7 trillion—$400 billion less than in 2021.
Buffett has said he believes America's wealthiest should pay more in taxes. There are almost 30,000 families in the U.S. with assets of more than $100 million, Buffett's among them. He now spends most of his time minding his Los Angeles basketball team. In April 2022, Ballmer's Los Angeles landmark Forum Sports and Entertainment https://thecoloradodigest.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ Arena in Inglewood got a new name, Kia Forum. Along with his family, Adani controls India's largest port, in his home state of Gujarat, shown here. Despite the pandemic being mostly in the rearview mirror, Shivji, Oxfam’s interim CEO called on governments to not overlook the economic realities it brought to the fore.
#4. Larry Ellison
During April 2024, his fortune fell by nearly $8 billion, due to a downtick in Berkshire Hathaway shares. Zuckerberg rejoined the world’s top 10 richest in the summer of 2023 for the first time since January 2022, as the result of a rise in Meta’s stock. During the month of April, his fortune fell by $19 billion but he held onto his No. 4 spot. Zuckerberg cofounded Facebook—now called Meta Platforms—when he was a student at Harvard University in 2004.
As Facebook began to be used at other universities, Zuckerberg dropped out of Harvard to focus entirely on his growing business. Today, Zuckerberg is the CEO and chair of Meta, which had 3 billion monthly active users as of Q2 2023. He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor's degrees in physics and economics. Two days after enrolling in a graduate physics program at Stanford University, Musk deferred attendance to launch Zip2, one of the earliest online navigation services. He reinvested a portion of the proceeds from this startup to create X.com, the online payment system that was sold to eBay (EBAY) and ultimately became PayPal Holdings (PYPL). Arnault remained Férinel's chair for another six years, until he acquired and reorganized luxury goods maker Financière Agache in 1984, eventually selling all its holdings other than Christian Dior and Le Bon Marché.
- Supply chain difficulties and Covid restrictions in China nudged Nike’s shares down 3%.
- The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
- As the economy faltered, with businesses shuttering and unemployment soaring, the stock market boomed.
- Largely due to the $59 billion he has donated to the Gates Foundation, including a $20 billion gift in July 2022, he was overtaken as the world’s richest person in 2018 by Jeff Bezos.
Jeff Bezos: $195 billion (+$5 billion)
Her fortune lies in her ownership stake in cosmetics giant L’Oreal, which she inherited from her late mother. Forbes first listed Gates as a billionaire in 1987; he was the richest person in the world from 1995 through 2017 (except in 2008 and from 2010 through 2013). Largely due to the $59 billion he has donated to the Gates Foundation, including a $20 billion gift in July 2022, he was overtaken as the world’s richest person in 2018 by Jeff Bezos. He and Melinda French Gates divorced in 2021; she received an estimated $10 billion in stock and other assets as part of the divorce settlement. No one did better than Elon Musk, who recaptured the title of world’s richest person from French luxury tycoon Bernard Arnault. The Tesla Inc. chief executive officer netted an additional $95.4 billion through Thursday’s close, bolstered by the success of Tesla and SpaceX, after losing $138 billion in 2022.
The report also predicted that by 2027, the number of millionaires would increase 44%, while the number of ultra-high-net-worth individuals, defined as households with over $50 million in assets, was projected to increase 53%. There are 2,668 billionaires around the globe, according to Forbes' annual World's Billionaires list, down 87 from the previous year. Bernard Arnault and his family currently hold a personal fortune of $175.1 billion per Forbes. The only member of the top 10 under the age of 40, 37-year-old Zuckerberg's wealth increased by $24 billion this year.
“These extremes cannot be accepted as the new norm, the world can’t afford another decade of division,” Oxfam interim CEO Aleema Shivji said in a statement accompanying the report. Ambani is the chairman and managing director of Reliance Industries, https://thefloridadigest.com/navigating-financial-growth-leveraging-bookkeeping-and-accounting-services-for-startups/ which is involved in multiple industries including petrochemicals and textiles. The U.S. still tops all countries with the most billionaires at 735, followed by China's 607. Jeff Bezos’ net worth stood at $173.6 billion Wednesday per Forbes.
