The top 10 richest people in the world October 2023

While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving Internet data extraction. The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page. 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. In addition to its line of electric automobiles, Tesla produces energy storage devices, automobile accessories, and, through its acquisition https://www.pinterest.com/gordonmware/make-money-online/ of SolarCity in 2016, solar power systems.

Net worth: $122.5 billion

Here are the 10 richest people on Earth as of October 1, 2024 at 12 a.m. Stock prices fluctuate routinely, so these net worths may change on a daily basis. Forbes tracks the daily changes on our Real Time list of billionaires. Here are the 10 richest people on earth as of January 1, 2025 at 12 a.m. Here are the 10 richest people on Earth as of September 1, 2024 at 12 a.m.

Net Worth: $19.8 Billion Age: 67 Country/Territory: United States Industry: Finance & Investments

Ellison, who also had a stint on Tesla’s board of directors from 2018 to 2022, has ranked high in billionaire lists for several years now. While Huang and Ellison suffered losses, other major tech billionaires’ fortunes escaped unscathed. Zuckerberg’s net worth ended the day up, gaining $4.3 billion as Meta rebounded from an early-session decline. (Bloomberg) — The world’s 500 richest people, led by Nvidia Corp. co-founder Jensen Huang, lost a combined $108 billion on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging. Bernard Arnault, CEO and chairman of luxury goods group LVMH, fell from No. 3 richest last month to No. 5, despite a $5.8 billion increase in his fortune during September. Of the richest people in the world are Americans, including Jeff Bezos, Larry Ellison and Bill Gates.

Net Worth: $12.5 Billion Age: 84 Country/Territory: Thailand Industry: Diversified

French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora. In December 2020, Tesla joined the S&P 500, becoming the largest company added, and in January 2021, Musk became the richest person in the world—a title that has fluctuated alongside the value of Tesla.

• The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
• The company filed a lawsuit against Musk to force the buyout to go through.
• As of Monday, Zuckerberg’s net worth increased by over 4% to $217.7 billion, while Ellison’s wealth depreciated slightly to $209 billion.
• He was the richest person in the world for the first five months of 2023.
• Larry Ellison cofounded software firm Oracle in 1977 and ran it as CEO until 2014; he now serves as chairman and Chief Technology Officer of the company.

Others, like Rupert Murdoch and Mukesh Ambani, had a bit more of a leg up early on by joining their family businesses, but expanded their fortunes greatly and went on to create empires in their respective industries. Steve Ballmer also made his fortune through Microsoft and was one of the company’s earliest executives. He eventually led the company from 2000 to 2014, and subsequently co-purchased the Los Angeles Clippers, a pro basketball franchise of the National Basketball Association. Along with Page, Sergey Brin co-founded Google and served as the company’s president for many years until stepping down in 2019. He and Page literally developed Google in a Silicon Valley garage. Musk made a small fortune as an early shareholder of PayPal, and more recently purchased Twitter, which he renamed X.

The company filed a lawsuit against Musk to force the buyout to go through. Musk countersued the company but then reversed course and declared he was willing to buy it after all. The deal officially closed in Oct. 2022, giving him a 79% stake in the company. 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.

Arnault still clocks in at No. 2 richest, but he’s worth about $22 billion less than a month ago, as a result of a nearly 11% drop in the price of luxury goods group LVMH’s share price. As of October 1, 2023, Musk is still the world’s richest person—a position he also held for much of 2022. Second, because these companies are publicly traded, individual investors — anyone in the general public — can also take a stake in them. Many people have become millionaires and multi-millionaires by riding the coattails of these individuals and owning stock in their companies. It’s easy to get started with one of the best brokers for beginners, and if you’re looking for strong investments, a financial advisor can also help you find those that meet your needs. 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 the price of Meta’s stock.

The big jump in his fortune came after SpaceX agreed to buy back insiders’ shares in a deal valuing the rocket company at $350 billion–a deal first reported by Bloomberg. As of October 1, Elon Musk maintained his spot as the world’s richest person. He’s now worth $270.5 billion, up nearly $27 billion in a month thanks primarily to a jump in Tesla shares. Musk was the second biggest gainer behind Ellison for the month.

Net Worth: $103 Billion Age: 88 Country/Territory: Spain Industry: Fashion & Retail

While Gates’ fortune grew by $2 billion during December 2023, his rank among the world’s richest held steady at No. 6 as of January 1. Here are the 10 richest people on Earth as of January 1, 2024 at 12 a.m. Ballmer’s fortune fell by an estimated $500 million in December—a tiny move for someone worth more than $100 billion. Page was a founding What is partnership accounting investor in asteroid mining company Planetary Resources, which was acquired by blockchain firm ConsenSys in 2018.

• The company’s shares surged by 171% in 2024, culminating in a market capitalisation of $3.28 trillion, making it more valuable than Microsoft, yet still behind Apple.
• These amounts don’t consist of cash sitting in a bank but are mainly investments, often of some of the largest publicly traded companies, which even the general public can invest in.
• Here are the 10 richest people in the world as of October 1, 2023 at 12 a.m.
• Bernard Arnault, CEO and chairman of luxury goods group LVMH, got $8.5 billion richer in the past month due to a roughly 7% increase in the price of the company shares.

Software tycoon Larry Ellison of Oracle was the biggest loser of the top ten; his fortune fell by $11.2 billion during December as Oracle’s stock fell 10%. Together, the world’s 10 richest people are worth $1.9 trillion, up from $1.8 trillion on December 1. Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder.

Net Worth: $15.5 Billion Age: 58 Country/Territory: China Industry: Food & Beverage

Musk is CEO of electric car company Tesla and rocket firm SpaceX; chairman and CTO of social media company X, formerly known as Twitter; and founder of artificial intelligence firm xAI. He owns 13% of Tesla stock and has pledged some of his stock as collateral for loans. Until Musk receives those options, Forbes will continue to discount the Tesla options from the pay package by 50%. In the meantime, Musk’s fortune rose by $26.8 billion in the past month, as a result of an uptick in Tesla shares.