Page cofounded search engine Google with fellow Stanford PhD student Sergey Brin in 1998 and served as CEO until 2001 and from 2011 to 2015. He now serves as a board member of Google’s parent Alphabet and continues to be a controlling shareholder. In 2012, Ellison bought 98% of the Hawaiian island of Lanai for $300 million.
The Top 10 Richest People In The World (August
- Unfortunately for the world’s wealthiest individual, the matter won’t be resolved anytime soon.
- As a teenager, Gates became passionate about computer programming.
- He now serves as a board member of Google’s parent Alphabet and continues to be a controlling shareholder.
- Like his cofounder Larry Page (No. 12), he stopped what the two men called their “daily nagging” at Google in 2019.
- Warren Buffett of Berkshire Hathaway ranks No. 10, down from No. 7 in June after the world’s biggest philanthropist gave away another $5.3 billion worth of shares.
- Bernard Arnault, CEO and chairman of luxury goods group LVMH, continues to rank No. 3 richest, despite a $10.2 billion increase in his fortune to $189.7 billion during August as a result of a 3% rise in the LVMH share price.
- For food producers, processors, and retailers, ensuring food safety is not only a legal and ethical obligation but also crucial for maintaining consumer trust and business reputation.
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. As a teenager, Gates became passionate about computer programming. He dropped out of Harvard to cofound software firm Microsoft with his high school friend Paul Allen in 1975, creating one of the first software programs available for the nascent personal computer industry. He was CEO of the company for 25 years and remained chairman until 2014. He eventually stepped off the board in 2020 but told Forbes in 2023 that he still spends about 10% of his time consulting with teams at Microsoft. These days he has investments in dozens of companies, including waste removal firm Republic Services and agricultural equipment maker Deere & Co., and is one of the largest owners of farmland in the U.S.
#7 Sergey Brin
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. He moved into the top 10 richest in the world following a notable 15% jump in the share price of Alphabet in May 2023. As of September 1, Ellison ranks No. 5 with a $174.7 billion fortune. During February 2024, In late July, Ellison moved into the No. 4 richest spot, but was overtaken by Zuckerberg in late August.
Spotting people not wearing seat belts
Leading the pack is LVMH founder and Chief Executive Officer Bernard Arnault, 75, with a net worth of $222 billion. He derives most of his wealth from his stake in the world’s largest luxury-good maker. Ballmer’s fortune rose by an estimated $7.5 billion in the past month amid an increase in the price of Microsoft stock. Ballmer and his wife Connie are among the 25 most generous philanthropists in America.
Oracle has acquired numerous large companies over its history, such as Sun Microsystems and Cerner. In 1977, Ellison founded Software Development Laboratories alongside Oates and Miner. Two years later, the company released Oracle, the first commercial relational database program to use Structured Query Language. The database program proved so popular that SDL changed its name to Oracle Systems Corporation in 1982.
Steve Ballmer (U.S.)
Besides pledging $230 million for Notre-Dame Cathedral’s reconstruction, she has hired a managing director for her investment firm, Téthys Invest, where she backs projects including French private hospital operator Elsan. Gates stepped down from the board of Microsoft in 2020 but still spends 10% of his time working with teams at the software firm–including those at OpenAI, which Microsoft has backed. “This is every bit as important as the PC, as the internet,” Gates told Forbes in February, referring to generative artificial intelligence tools like OpenAI’s ChatGPT. Meanwhile, he and his former wife, Melinda French Gates, are boosting spending by the Gates Foundation, which they co-chair and plan to wind down within 25 years. Itwas a down year for many of the planet’s 2,640 billionaires–including those at the very top of the top.
- He has donated a total of $1.1 billion to Parkinson’s disease research.
- Mark Zuckerberg first developed Facebook (now Meta) alongside fellow students Eduardo Saverin, Dustin Moskovitz, and Chris Hughes while attending Harvard University in 2004.
- Here are the 10 richest people on Earth as of September 1, 2024 at 12 a.m.
- In April 2022, Musk began a campaign to take X private, which culminated in a $44 billion buyout.
- Forbes has been keeping track of the world’s billionaires since 1987.
#8 Carlos Slim Helu & family
- Forbes has been keeping track of the world’s billionaires since 1987.
- Forbes tracks the daily changes on our Real Time list of billionaires.
- Investors have bemoaned the $23 billion of Tesla shares he sold to finance the acquisition.
- Established in 2009, the company was acquired by blockchain firm ConsenSys in 2018 amid funding problems.
The Google co-founder added $47 billion to his fortune thanks to the strong performance of Alphabet in 2021, which surpassed the $2 trillion market cap in November and was recently crowned Big Tech stock of the year by CNBC. Page is no longer CEO of Alphabet, but remains a board member. As a result of the market crash caused by the Dot-com bubble, 83 billionaires dropped off the list from 5 wealthiest people in the world the previous year. It also wouldn’t hurt to have been born into wealth; however, the greatest fortunes on this list started as good ideas that people with creativity, drive, and connections used to build some of the world’s largest companies. The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route.
The World’s Richest People in 2024
Larry Ellison, cofounder of software giant Oracle, is No. 7 with $93 billion. At No. 3 and worth $105 billion is Bernard Arnault, CEO of LVMH, who oversees an empire of luxury brands including Louis Vuitton, Moët & Chandon and Bulgari. https://www.bookstime.com/ Still, Forbes found more than 1,000 billionaires who are richer than they were a year ago. And 236 newcomers have become billionaires over the past year—including the first ever from Barbados, Bulgaria, Estonia and Uruguay.
