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Bernard Arnault Tops Forbes World’s Billionaires List 2024, Mukesh Ambani Tops in India

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Forbes richest list 2024 Mukesh Ambani tops in India, Gautam Adani at 2On 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:

RankNameNet Worth (USD Billion)CountryCompany
1Bernard Arnault233FranceChairman And CEO, LVMH
2Elon Musk195The United States of America(USA)CEO, Tesla
3Jeff Bezos194USAChairman And Founder, Amazon
4Mark Zuckerberg177USACofounder, Meta Platforms
5Larry Ellison141USACTO And Founder, Oracle
6Warren Buffet133USACEO, Berkshire Hathaway Inc.
7Bill Gates128USACochair, Bill & Melinda Gates Foundation
8Steve Ballmer121USAformer CEO of Microsoft,
9Mukesh Ambani116IndiaCMD RIL
10Larry Page114USACofounder And Board Member, Alphabet

List of India’s Top 5 Billionaires:

Rank (Global)NameNet Worth (USD Billion)Company
9Mukesh Ambani116CMD RIL
17Gautam Adani84Chairman of Adani Group
39Shiv Nadar36.9Co-Founder of HCL
46Savitri Jindal33.5Chairperson Emeritus of the O P Jindal Group
69Dilip Shanghvi26.7Founder & 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.

About Forbes:
Forbes is a global media company, focusing on business, investing, technology, entrepreneurship, leadership, and lifestyle.
Chief Executive Officer (CEO)– Mike Federle
Headquarters– New Jersey, the United States of America (USA)
Establishment– 1917