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The elite group price greater than $100 billion consists of Elon Musk, Jeff Bezos, and Invoice Gates.
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The 15 members have grown about $280 billion richer this 12 months and are collectively price $2.2 trillion.
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Walmart inheritor Jim Walton joined the membership this week and his siblings may quickly comply with.
Elon Musk, Jeff Bezos, and Mark Zuckerberg are among the many handful of individuals on the planet with a internet price above $100 billion.
Members of this elite group have amassed 12-digit fortunes by proudly owning big quantities of inventory in among the world’s most precious firms. Most are founders and both present or former CEOs, and some, reminiscent of Warren Buffett, could be a lot richer in the event that they did not give billions to charity.
There could also be solely 15 centibillionaires, however their mixed wealth is round $2.2 trillion, in keeping with the Bloomberg Billionaires Index. That is greater than the $1.9 trillion market capitalizations of Amazon and Google’s mum or dad firm, Alphabet.
All however one among them have grown richer this 12 months, including a internet $280 billion or so to their collective fortunes. Adobe ($257 billion), Chevron ($250 billion), and PepsiCo ($241 billion) are all price lower than that.
Walmart inheritor Jim Walton joined the unique group this week because of a $28 billion improve in his internet price this 12 months. His siblings, Rob and Alice, may quickly comply with given their respective internet worths of $98.3 billion and $97.7 billion.
This is the listing of people price at the least $100 billion, displaying Bloomberg’s estimate of their internet price on the time of publication, how a lot it is modified this calendar 12 months, and the supply of their wealth.
All figures are appropriate as of September 12, 2024.
1. Elon Musk
Internet price: $248 billion
YTD change in wealth: +$18.8 billion
Supply of wealth: Tesla and SpaceX inventory
Musk is the CEO of the electric-vehicle maker Tesla and the spacecraft producer SpaceX. He is additionally the proprietor of X, the social community previously often called Twitter.
His different companies embrace The Boring Firm, Neuralink, and xAI.
2. Jeff Bezos
Internet price: $202 billion
YTD change in wealth: +$25.4 billion
Supply of wealth: Amazon inventory
Bezos is the founder, government chairman, and former CEO of Amazon, the e-commerce and cloud-computing large.
He additionally based the area firm Blue Origin and owns The Washington Put up.
3. Bernard Arnault
Internet price: $180 billion
YTD change in wealth: -$27.8 billion
Supply of wealth: LVMH inventory
Bernard Arnault is the founder, chairman, and CEO of LVMH Moët Hennessy Louis Vuitton. His conglomerate owns a bevy of luxurious manufacturers, together with Dior, Fendi, Dom Pérignon, Sephora, and Tiffany & Co.
4. Mark Zuckerberg
Internet price: $179 billion
YTD change in wealth: +$51.4 billion
Supply of wealth: Meta inventory
Zuckerberg is the cofounder, chairman, and CEO of Meta Platforms, the social-media titan behind Fb, Instagram, WhatsApp, and Threads.
Meta’s Actuality Labs division makes virtual-reality and augmented-reality headsets and experiences.
5. Larry Ellison
Internet price: $168 billion
YTD change in wealth: +$45.1 billion
Supply of wealth: Oracle and Tesla inventory
Larry Ellison is the cofounder, chief know-how officer, and former CEO of Oracle, an enterprise software program firm specializing in cloud computing and database platforms.
He invested in Tesla previous to becoming a member of the automaker’s board in 2018 and made greater than 10 instances his cash on paper by the point his time period as a director resulted in August 2022.
6. Invoice Gates
Internet price: $158 billion
YTD change in wealth: +$17.2 billion
Supply of wealth: Microsoft inventory
Invoice Gates is the cofounder and former CEO of Microsoft, which makes the Workplace utility suite, the cloud-computing platform Microsoft Azure, and Xbox consoles.
He is famend for his philanthropic work on the helm of the Invoice & Melinda Gates Basis, one of many world’s largest charitable entities.
7. Warren Buffett
Internet price: $145 billion
YTD change in wealth: +$24.8 billion
Supply of wealth: Berkshire Hathaway inventory
Warren Buffett acquired Berkshire Hathaway when it was a failing textile mill in 1965 and has since grown it into one of many world’s largest firms. His almost 15% stake is price round $145 billion.
The famed investor’s conglomerate owns scores of companies, together with GEICO, See’s Candies, and BNSF Railway, and holds multibillion-dollar stakes in public firms reminiscent of Apple and Coca-Cola.
Buffett has gifted round half of his Berkshire shares to the Gates Basis and 4 household foundations since 2006. All else being equal, if he’d retained all his inventory he could be the world’s wealthiest individual with a internet price over $300 billion.
8. Steve Ballmer
Internet price: $144 billion
YTD change in wealth: +$12.9 billion
Supply of wealth: Microsoft inventory
Steve Ballmer served as Microsoft’s CEO between 2000 and 2014. He joined the corporate in 1980 as Invoice Gates’ assistant, initially negotiating a revenue share which he later swapped for an fairness stake when it turned excessively giant.
Ballmer retired as CEO in 2014 with a 4% stake — a place price over $120 billion at present. He promptly purchased the Los Angeles Clippers for $2 billion and stays the basketball group’s proprietor.
9. Larry Web page
Internet price: $136 billion
YTD change in wealth: +$9.13 billion
Supply of wealth: Alphabet inventory
Larry Web page cofounded Google along with his Stanford College classmate Sergey Brin in a pal’s storage in 1998 and served as CEO till 2001.
He took the reins once more between 2011 and 2015 after Google was restructured as a subsidiary of Alphabet alongside different companies reminiscent of YouTube and Waymo.
10. Sergey Brin
Internet price: $128 billion
YTD change in wealth: +$7.81 billion
Supply of wealth: Alphabet inventory
Sergey Brin cofounded Google with Web page in 1998 and served because the search-and-advertising titan’s first president.
He and Web page stepped down from their respective roles as Alphabet’s president and CEO in 2019.
11. Mukesh Ambani
Internet price: $111 billion
YTD change in wealth: +$14.4 billion
Supply of wealth: Reliance Industries inventory
Mukesh Ambani is the chairman and managing director of Reliance Industries and Asia’s richest man.
His father, Dhirubhai Ambani, based Reliance and trusted Mukesh to develop the conglomerate’s petrochemicals enterprise and broaden into new areas reminiscent of telecommunications.
Mukesh threw a star-studded, multi-event wedding ceremony ceremony for his son Anant Ambani this summer season.
12. Amancio Ortega
Internet price: $102 billion
YTD change in wealth: +$14.7 billion
Supply of wealth: Inditex inventory
Amancio Ortega is the founder and former chairman of Inditex, a style retail group house to manufacturers reminiscent of Zara, Bershka, and Massimo Dutti.
The billionaire philanthropist and real-estate investor stopped working Inditex in 2011. His daughter Marta Ortega Pérez was appointed chair on the finish of 2021.
13. Jim Walton
Internet price: $101 billion
YTD change in wealth: +$28.1 billion
Supply of wealth: Walmart inventory
Jim Walton is the youngest son of Walmart founder Sam Walton, who gave every of his 4 kids a 20% stake within the budding retail enterprise over 70 years in the past. Jim and his two surviving siblings, Rob and Alice, every nonetheless personal over 11% of the corporate.
Jim’s internet price crossed $100 billion this week because of the retailer’s inventory hovering 50% this 12 months. Rob and Alice are price $98.3 and $97.7 billion respectively, which means they might quickly be a part of him within the $100 billion membership.
14. Michael Dell
Internet price: $100 billion
YTD change in wealth: +$21.9 billion
Supply of wealth: Dell inventory
Michael Dell is the founder, chairman, and CEO of the eponymous laptop maker. Dell inventory has ballooned from beneath $40 in March final 12 months to round $110, valuing the corporate at over $75 billion, as traders wager will probably be a key beneficiary from the AI increase.
Dell owns about 46% of his firm, and pocketed properly over $10 billion from the sale of Dell-backed VMware to Broadcom final 12 months.
15. Gautam Adani
Internet price: $100 billion
YTD change in wealth: +$15.7 billion
Supply of wealth: Adani Group inventory
Gautam Adani is the founder and chairman of the Adani Group. His conglomerate is a number one developer of infrastructure reminiscent of ports and energy vegetation in India.
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