World's billionaires have seen their combined wealth more than double to $14 TRILLION in last decade, report finds

1. Elon Musk – $353 billion

Elon Musk owns a large proportion of X, formerly Twitter - the social media platform he bought it for $44billion in late 2022

Elon Musk owns a large proportion of X, formerly Twitter – the social media platform he bought it for $44billion in late 2022

The South African businessman’s wealth is tied up in the success of Tesla, his electric car firm.

Musk also owns the majority of X, formerly Twitter – the social media platform he bought it for $44billion in late 2022.

He also owns a large portion of Space X, and has stakes in brain implant company Neuralink and The Boring Company.

2. Jeff Bezos – $238 billion

Bezos owns retail giant Amazon as well as The Washington Post and Blue Origin

Bezos owns retail giant Amazon as well as The Washington Post and Blue Origin

The American businessman is the chairman and founder of Amazon, which he launched out of his Seattle garage in 1994.

The retail giant is now considered a tech company because a lot of its profits are generated through its cloud computing service AWS. 

Bezos also owns The Washington Post and Blue Origin, an aerospace company developing rockets.

During a 2022 interview with CNN, the tycoon revealed his intention to donate the majority of his wealth while he is alive, although he refrained from sharing specific details.

3. Mark Zuckerberg – $217 billion

Mark Zuckerberg, 40, is among the youngest of the billionaire tech tycoons

Mark Zuckerberg, 40, is among the youngest of the billionaire tech tycoons

The Facebook founder started the social media platform as a 19-year-old college student at Harvard in 2004.

Among the youngest of the tech tycoons, the 40-year-old took his business public in 2012. 

The company took over Instagram, and Zuckerberg changed its name to Meta in 2021 to shift the its focus to the metaverse.

Zuckerberg part-owns Meta, and shares in the company almost tripled in value last year.

4. Larry Ellison – $203 billion

Larry Ellison began his career working as a programmer but soon decided he wanted to work for himself

Larry Ellison began his career working as a programmer but soon decided he wanted to work for himself

Another tech founder, Larry Ellison accrued his wealth thanks to Oracle, one of the largest software companies in the world.

The New York native began his career working as a programmer but soon decided he wanted to work for himself.

He worked with two friends to establish a new kind of database management system that would be more efficient than its competitors.

In the 1980s, Oracle quickly gained popularity and has since remained a prominent player in the software industry, achieving a revenue of $53 billion in the fiscal year 2024.

Ellison also has a business that owns two luxury resorts on the Hawaiian island of Lanai and has invested heavily in Tesla.

5. Bernard Arnault – $187 billion

Bernard Arnault, 75, is the CEO of French luxury conglomerate LVMH

Bernard Arnault, 75, is the CEO of French luxury conglomerate LVMH

In addition to his commitments at Oracle, Arnault holds the positions of CEO and chair at the prestigious French luxury conglomerate LVMH, which boasts ownership of renowned brands such as Louis Vuitton, Tiffany & Co, and Dom Pérignon.

But the majority of his fortune is driven by his 97.5 percent stake in Christian Dior, according to Bloomberg.

In 2022, the 75-year-old entrepreneur raised LMVH’s mandatory retirement age to 80 which gives him another five years in control. 

His five children all work across LVHM and its brands.

Source: Bloomberg Billionaires Index

Note: The list of billionaires can change daily as the ranking is based on stock valuations. 

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Police officer throws delivery worker off bridge in Brazil during traffic stop: A shocking incident

A police officer was caught on video throwing a man off a…

Shutterstock: Revealed Person of Interest in the ‘Targeted’ Killing of UnitedHealthcare CEO Brian Thompson

Surveillance pictures were made public by New York police on Thursday. They…

Popular movies that Gen Z hasn’t seen yet exposed, featuring award-winning favorites.

CITIZEN Kane, Casino and Vertigo are among the top movies that Gen…

A story that feels like a movie: A Ukrainian child taken by Russian soldiers and raised by a woman linked to the Kremlin. Thankfully, he escaped just in time – a day before being forced to fight against his own country. By IAN BIRRELL

His tale reads like a movie script: a young boy left in…

In the image: The person believed to be the shooter was seen shortly before UnitedHealthcare CEO Brian Thompson was killed.

New York police released surveillance images of the suspect who they believe…

Grandmother disappears into sinkhole while looking for her cat, family remains hopeful she is safe underground.

AN URGENT search is continuing for a grandmother believed to have fallen…

Former head girl attempts to claim £4.2m estate and 7-bed home by forging headmistress’ will, loses court case against family

A DISGRACED ex-head girl who forged her headmistress’ will to pocket her…

Speculation Soars as Assailant’s Expensive Backpack Linked to UnitedHealthcare CEO Brian Thompson’s Murder

The individual suspected of killing Brian Thompson, the CEO of UnitedHealthcare, was…

President Yoon: The American Pie-singing anti-communist who caused chaos in South Korea with a martial law decree

PRESIDENT Yoon’s crumbling reputation could have taken a final blow after declaring…

Gregg Wallace’s ghostwriter Shannon Kyle alleges that the star made inappropriate sexual comments and touched her inappropriately, but she continued working because she was afraid of losing her job.

Accusations have been made by the ghostwriter of Gregg Wallace’s biography, claiming…

“Nevada Football Coach Accused of Engaging in Inappropriate Relationship with Underage Student”

The head coach of a Nevada high school football team has been…

Meghan Markle looks stunning in diamonds and strapless gown at Hollywood event

Meghan Markle dazzled during a solo red carpet appearance on Wednesday, as she…