World Richest Man 2024: As of August 2024, the title of the world’s wealthiest person goes to Elon Musk, boasting a staggering net worth of $239.3 billion. Every year, Forbes, the renowned American business magazine, unveils its list of the globe’s wealthiest individuals.

This list is meticulously compiled considering their net assets, debts, and other influential factors, but it steers clear of including royalties and dictators who amass wealth through power and title. These estimations are meticulously crafted, accounting for individual assets, debts, and various financial factors. Notably, the list excludes royalty and dictators who accumulate wealth through their positions.

Separately, Forbes also releases the “World’s Billionaires List” or “Real-Time Billionaires List” every March, with its inception dating back to 1987. This list similarly gauges the wealth of billionaires in US dollars, derived from their disclosed assets and liabilities. Again, figures tied to royalty and dictators, who gain wealth from their stature, aren’t considered. Also Read… Haddi movie download filmyzilla Leaked in 480p Zee5 Review

Wondering how Forbes consistently delivers such precise rankings?

It’s all in the methodology. Each year, Forbes rallies a formidable team of over 50 international reporters tasked with monitoring the financial movements of the world’s financial giants, whether they’re individuals, collective groups, or wealth-sharing families. The process is exhaustive:

1. Potential listees receive initial surveys.
2. Their business transactions undergo rigorous scrutiny.
3. Valuations of tangible assets like real estate, vehicles, and art collections are made.
4. To refine these valuations, interviews are arranged and conducted.
5. In the final stages, public stock holdings are assessed and valued about a month ahead of the list’s grand reveal.

World Richest Man – Top 10 Richest People in 2024:

As of August 2023, Elon Musk reigns as the world’s richest individual with a staggering net worth of $239.3 billion. Forbes, a renowned American business magazine, annually publishes a list in July called “World’s Billionaires,” which ranks the globe’s wealthiest based on their net worth. These estimations are meticulously crafted, accounting for individual assets, debts, and various financial factors. Notably, the list excludes royalty and dictators who accumulate wealth through their positions.

Elon Musk

Elon Musk, born on June 28, 1971, in Pretoria, South Africa, is an entrepreneur and business magnate known for his ambitious vision of the future. As of my last update in September 2021, he has founded or been heavily involved in several high-profile technology

Musk, the entrepreneurial mastermind behind SpaceX, Tesla, and the Boring Company, owns a considerable chunk of his fortune in Tesla shares. Notably, he acquired Twitter in 2022 for a hefty $44 billion.

Bernard Arnault & Family

Bernard Arnault is a French business magnate and art collector, serves as the Chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE (commonly referred to as LVMH), the world’s largest luxury-goods company. He’s been a central figure in the luxury fashion and goods industry for decades.

As the powerhouse behind LVMH, the world’s top luxury goods conglomerate, Arnault oversees an empire of iconic brands. His five children have roles across LVMH’s vast operations. Most recently, in 2023, his daughter Delphine took the helm at Dior.

Jeff Bezos

Jeff Bezos, born on January 12, 1964, is an American entrepreneur, media proprietor, and commercial spaceflight company owner. He is best known as the founder, executive chairman, and previously the president and CEO of Amazon, the world’s largest online retailer.

After stepping down as Amazon’s CEO in 2021, Bezos now focuses on ventures like The Washington Post, and Blue Origin, and even embarked on a space journey in July 2021.

Larry Ellison

Larry Ellison is an American business magnate and co-founder of Oracle Corporation, a multinational computer technology company that offers software, cloud solutions, and hardware products. Born on August 17, 1944, in New York City, Ellison is known for his competitive nature in both business and personal pursuits.

Ellison, a software magnate, shifted to the Hawaiian Island of Lanai, which he purchased. His commitment to Oracle remains unwavering, even after leaving the CEO role in 2014.

Bill Gates

Bill Gates, born on October 28, 1955, in Seattle, Washington, is an American business magnate, software developer, philanthropist, and co-founder of Microsoft Corporation, the world’s largest personal-computer software company. He is considered one of the best-known entrepreneurs of the microcomputer revolution of the 1970s and 1980s.

Gates, Microsoft’s co-founder, has diversified his portfolio with investments in sustainable energy and other ventures.

Warren Buffet

Warren Buffett, born on August 30, 1930, in Omaha, Nebraska, is an American business magnate, investor, philanthropist, and chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company. Buffett is considered one of the most successful investors of all time, and his prudent investment strategies and philosophies have earned him the nickname “The Oracle of Omaha.”

Often referred to as the “Oracle of Omaha,” Buffett’s investment acumen is legendary.

Mark Zuckerberg

Mark Zuckerberg, born on May 14, 1984, in White Plains, New York, is an American technology entrepreneur and philanthropist best known for co-founding and leading Facebook, Inc., which includes the core Facebook platform, Instagram, WhatsApp, and Oculus VR, among other products and services.

Zuckerberg, the visionary behind Facebook, now leads its parent entity, Meta Platforms.

Larry Page

Larry Page, born on March 26, 1973, in Lansing, Michigan, is an American computer scientist and business magnate. He is best known as the co-founder of Google, the world’s leading search engine, which has since evolved into one of the largest and most influential tech companies globally.

Co-founding Google with Sergey Brin, Page has been instrumental in shaping the digital age.

Sergey Brin

Sergey Brin, born on August 21, 1973, in Moscow, Russia, is an American computer scientist, business magnate, and philanthropist. He co-founded Google alongside Larry Page, and the duo significantly influenced the technology industry with their contributions.

Brin’s collaboration with Larry Page birthed Google, and he played pivotal roles at Alphabet Inc.

Steve Ballmer

Steve Ballmer, born on March 24, 1956, in Detroit, Michigan, is an American businessman and investor who is best known for his association with Microsoft Corporation. Ballmer joined Microsoft in 1980 and eventually became its CEO, a position he held from 2000 to 2014.

Ballmer, who helmed Microsoft from 2000 to 2014, is also the proud owner of the NBA’s Los Angeles Clippers.

How Does Forbes Determine the Richest?

Every year, a diligent team of over 50 international reporters works on tracking the wealth of the planet’s richest, spanning individuals to families. Potential candidates:

• Receive preliminary surveys.
• Undergo scrutiny for their business dealings.
• Have their assets such as homes, art, and land appraised.
• Might be interviewed to refine wealth estimations.
• Have publicly traded stock positions assessed about a month prior to the list’s publication.

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