Money

The Richest People in the World in 2024

Published

2 months ago

February 21, 2024

Niccolo Conte

Article/Editing:

Bruno Venditti

See this visualization first on the Voronoi app.

The Richest People in the World in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

Using data from Forbes Real-Time Billionaires List, we provide a snapshot of the richest people in the world as of February 2024.

Bernard Arnault Ahead of Elon Musk

Bernard Arnault overtook Elon Musk as the richest person in 2024 due to a 21% decline in Musk’s wealth, from $245.3 billion to $194.6 billion.

The billionaire chairman and CEO of the global luxury goods company LVMH runs dozens of luxury brands such as Louis Vuitton, Sephora, and Tiffany & Co. The French businessman also has investments in businesses such as Netflix and ByteDance, the parent company of TikTok.

Rank	Name	Net Worth	Source	Country
1	Bernard Arnault & family	$212.1B	LVMH	🇫🇷 France
2	Elon Musk	$194.6B	Tesla, SpaceX	🇺🇸 United States
3	Jeff Bezos	$192.4B	Amazon	🇺🇸 United States
4	Mark Zuckerberg	$161.8B	Facebook	🇺🇸 United States
5	Larry Ellison	$144.0B	Oracle	🇺🇸 United States
6	Warren Buffett	$128.7B	Berkshire Hathaway	🇺🇸 United States
7	Bill Gates	$123.1B	Microsoft	🇺🇸 United States
8	Larry Page	$120.3B	Google	🇺🇸 United States
9	Steve Ballmer	$119.2B	Microsoft	🇺🇸 United States
10	Sergey Brin	$115.4B	Google	🇺🇸 United States

The cumulative net worth of the top five richest individuals grew 4% in 2023, to $904.9 billion.

Among women, the richest person, L’Oréal’s Françoise Bettencourt Meyers, saw her fortune grow by $1.2 billion in 2023.

In China, Zhong Shanshan, the chairman and founder of bottled water and beverage producer Nongfu Spring, remains the country’s richest person with a net worth of $60.5 billion.

In India, the list is topped by Mukesh Ambani. The chairman of Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail, and financial services, has a $102.1 billion fortune.

How Fortunes Have Changed

Just as in 2023, Mark Zuckerberg saw the most significant growth in his fortune among the top 10 richest individuals. The Facebook co-founder’s net worth surged by over $45 billion by February 2024 compared to November 2023, after Meta’s latest results far exceeded Wall Street’s expectations, sending its shares up.

Zuckerberg’s net worth growth of 39% moved him from 7th to 4th, overtaking Bill Gates, Warren Buffett, and Larry Ellison.

A list of the top 10 richest people in the world in 2024.

Meanwhile, Larry Ellison, Oracle’s chief technology officer and former CEO, saw his net worth retreat by $3 billion after the company reported disappointing revenue in 2023.

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Money

Charted: Which City Has the Most Billionaires in 2024?

Just two countries account for half of the top 20 cities with the most billionaires. And the majority of the other half are found in Asia.

Published

1 day ago

April 25, 2024

Pallavi Rao

A cropped bar chart ranking the top 20 cities with the most billionaires in 2024.

Charted: Which Country Has the Most Billionaires in 2024?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Some cities seem to attract the rich. Take New York City for example, which has 340,000 high-net-worth residents with investable assets of more than $1 million.

But there’s a vast difference between being a millionaire and a billionaire. So where do the richest of them all live?

Using data from the Hurun Global Rich List 2024, we rank the top 20 cities with the highest number of billionaires in 2024.

A caveat to these rich lists: sources often vary on figures and exact rankings. For example, in last year’s reports, Forbes had New York as the city with the most billionaires, while the Hurun Global Rich List placed Beijing at the top spot.

Ranked: Top 20 Cities with the Most Billionaires in 2024

The Chinese economy’s doldrums over the course of the past year have affected its ultra-wealthy residents in key cities.

Beijing, the city with the most billionaires in 2023, has not only ceded its spot to New York, but has dropped to #4, overtaken by London and Mumbai.

Rank	City	Billionaires	Rank Change YoY
1	🇺🇸 New York	119	+1
2	🇬🇧 London	97	+3
3	🇮🇳 Mumbai	92	+4
4	🇨🇳 Beijing	91	-3
5	🇨🇳 Shanghai	87	-2
6	🇨🇳 Shenzhen	84	-2
7	🇭🇰 Hong Kong	65	-1
8	🇷🇺 Moscow	59	No Change
9	🇮🇳 New Delhi	57	+6
10	🇺🇸 San Francisco	52	No Change
11	🇹🇭 Bangkok	49	+2
12	🇹🇼 Taipei	45	+2
13	🇫🇷 Paris	44	-2
14	🇨🇳 Hangzhou	43	-5
15	🇸🇬 Singapore	42	New to Top 20
16	🇨🇳 Guangzhou	39	-4
17T	🇮🇩 Jakarta	37	+1
17T	🇧🇷 Sao Paulo	37	No Change
19T	🇺🇸 Los Angeles	31	No Change
19T	🇰🇷 Seoul	31	-3

In fact all Chinese cities on the top 20 list have lost billionaires between 2023–24. Consequently, they’ve all lost ranking spots as well, with Hangzhou seeing the biggest slide (-5) in the top 20.

Where China lost, all other Asian cities—except Seoul—in the top 20 have gained ranks. Indian cities lead the way, with New Delhi (+6) and Mumbai (+3) having climbed the most.

At a country level, China and the U.S combine to make up half of the cities in the top 20. They are also home to about half of the world’s 3,200 billionaire population.

In other news of note: Hurun officially counts Taylor Swift as a billionaire, estimating her net worth at $1.2 billion.