On April 2, 2024, Forbes released its 38th annual World’s Billionaires list – ‘Forbes World’s Billionaires List: The Richest in 2024‘ in partnership with J.P. Morgan Bank. Bernard Arnault (France), Chief Executive Officer (CEO) of LVMH Moët Hennessy Louis Vuitton (LVMH ) topped the list with a net worth of USD 233 Billion.
- He is followed by Elon Musk, CEO of Tesla Motors with a net worth of USD 195 Billion and Jeff Bezos, founder & Former CEO of Amazon with USD 194 Billion at 3rd place.
Mukesh Ambani, Chairman And Managing Director(CMD) of Reliance Industries Limited (RIL), ranked 9th globally with a net worth of USD 116 Billion, becomes the richest man in India. He is the only Indian to feature among the top 10.
- He also became the first Asian to break into the USD 100 billion club.
Note: Forbes used stock prices and exchange rates from 8th March 2024, to calculate net worth.
List of World’s Top 10 Billionaires:
| Rank | Name | Net Worth (USD Billion) | Country | Company |
|---|---|---|---|---|
| 1 | Bernard Arnault | 233 | France | Chairman And CEO, LVMH |
| 2 | Elon Musk | 195 | The United States of America(USA) | CEO, Tesla |
| 3 | Jeff Bezos | 194 | USA | Chairman And Founder, Amazon |
| 4 | Mark Zuckerberg | 177 | USA | Cofounder, Meta Platforms |
| 5 | Larry Ellison | 141 | USA | CTO And Founder, Oracle |
| 6 | Warren Buffet | 133 | USA | CEO, Berkshire Hathaway Inc. |
| 7 | Bill Gates | 128 | USA | Cochair, Bill & Melinda Gates Foundation |
| 8 | Steve Ballmer | 121 | USA | former CEO of Microsoft, |
| 9 | Mukesh Ambani | 116 | India | CMD RIL |
| 10 | Larry Page | 114 | USA | Cofounder And Board Member, Alphabet |
List of India’s Top 5 Billionaires:
| Rank (Global) | Name | Net Worth (USD Billion) | Company |
|---|---|---|---|
| 9 | Mukesh Ambani | 116 | CMD RIL |
| 17 | Gautam Adani | 84 | Chairman of Adani Group |
| 39 | Shiv Nadar | 36.9 | Co-Founder of HCL |
| 46 | Savitri Jindal | 33.5 | Chairperson Emeritus of the O P Jindal Group |
| 69 | Dilip Shanghvi | 26.7 | Founder & MD of Sun Pharmaceutical Industries Limited. |
Indian Scenario:
i.Combined wealth of Indian billionaires reaches a record USD 954 billion, a 41% increase from USD 675 billion in 2023.
ii.Gautam Adani became the 2nd richest Indian with a net worth of USD 84 billion followed by Shiv Nadar as 3rd richest with a net worth of USD 36.9 billion.
iii.Savitri Jindal remains India’s richest woman, rising to the fourth position from sixth.
iv.25 new Indian billionaires made debut in the list, this includes notable figures like Renuka Jagtiani (chairperson and CEO of Landmark Group), Ramesh Kunhikannan (founder and managing director of Kaynes Technology), Kabir Mulchandani (proprietor of FIVE Holdings), Ramesh Jaisinghani (Polycab India), Onkar Kanwar (chairman of Apollo Tyres).
Key Points:
i.There are 2,781 billionaires across the globe in 2024, up by 141 from 2023, with an aggregate worth of USD 14.2 trillion, a USD 2 trillion increase from 2023.
ii.The USA tops the list of countries with the most number of billionaires with 813, with a total net worth of USD 5.7 trillion.
- The USA is followed by China with 473 billionaires worth USD 1.7 trillion; and India with 200 billionaires worth USD 954 billion
iii.14 individuals are part of the USD 100 Billion Club, holding USD 2 trillion collectively, representing 0.5% of all billionaires but holding 14% of total billionaire wealth.
iv.Taylor Swift, American songwriter and singer, has joined the billionaire list with a net worth of USD 1.1 billion. She was ranked 2545 globally.
Click here for 14 celebrities who joins World’s Billionaires’ List 2024
v.265 newcomers emerge as billionaires, with Italy’s Andrea Pignataro leading as the richest, with a net worth of USD 27.5 billion.
Recent Related News:
i.Forbes India unveiled the 11th edition of Forbes India 30 Under 30 List for 2024 (Class of 2024), which recognises professionals and entrepreneurs who have made significant contributions across diverse fields. The 2024 list features 37 individuals including
Actress Rashmika Mandana; Aadit Palicha and Kaivalya Vohra, co-founders of Zepto; Vishnu Acharya of Razorpay recognised across 19 categories.
ii.The Forbes Asia’s 2023 Heroes of Philanthropy list, the 17th edition of the annual unranked list, features 3 Indians: Kushal Pal Singh (K.P. Singh), Chairman Emeritus of DLF Limited; Nandan Nilekani, Co-founder and Chairman of Infosys; and Nikhil Kamath, Co-founder and Chief Financial Officer, Zerodha.
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Chief Executive Officer (CEO)– Mike Federle
Headquarters– New Jersey, the United States of America (USA)
Establishment– 1917
