A newly proposed tax would also hit America’s roughly 700 billionaires; these households would be subject to a new minimum tax of 20%, ensuring they don’t pay lower tax rates than many lower- and middle-income Americans. He now spends most of his time minding his Los Angeles basketball team. In April 2022, Ballmer’s Los Angeles landmark Forum Sports and Entertainment Arena in Inglewood got a new name, Kia Forum. Along with his family, Adani controls India’s largest port, in his home state of Gujarat, shown here. “These extremes cannot be accepted as the new norm, the world can’t afford another decade of division,” Oxfam interim CEO Aleema Shivji said in a statement accompanying the report.

While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving Internet data extraction. The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page. Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.4% of LVMH.

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In addition to its line of electric automobiles, Tesla produces energy storage devices, automobile accessories, and, through its acquisition of SolarCity in 2016, solar power systems. Musk is also CEO and chief engineer of Space Exploration 5 wealthiest people in the world Technologies (SpaceX), a developer of space launch rockets. He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics.

• Elon Musk, Jeff Bezos, Larry Ellison, Warren Buffett, and Bernard Arnault (including his family) all topped the list of the world’s richest people whose net worth skyrocketed from March 2020 to November 2023.
• The top 20 on the list gained the most, adding $700 billion to their combined worth since 2023.
• Former CEO of Microsoft and current owner of the Los Angeles Clippers, Steve Ballmer has significantly increased his wealth through his holdings in Microsoft and other investments.
• Facebook founder Mark Zuckerberg, four years after starting the company, joined the list at 23 to become the youngest self-made billionaire.
• Much of the wealth generated by large companies comes off the backs of workers who aren’t always properly compensated for their roles, Oxfam argues.
• The ranks of billionaires dwindled over the past year, with their total worth dropping by $400 billion, says the latest list of the world’s richest people from Forbes magazine.

To tally their wealth, Forbes used stock prices and exchange rates from March 8, 2024. There are 141 more billionaires in the world than last year, with 2,781 in total. Their combined worth equals $14.2 trillion — up by $2 trillion in 2023. Forbes has released its annual list of the world’s billionaires and in 2024, there are more people on the list than ever — and they’re richer than ever. Her net worth is derived from her holdings in L’Oréal, the world’s largest cosmetics company.

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Gates has long since given up the reins at Microsoft and spends most of his time with his charitable foundation. In 2021, Gates also divorced his wife Melinda French Gates after 25 years of marriage. Ambani is the chairman and managing director of Reliance Industries, which is involved in multiple industries including petrochemicals and textiles.

China had 319 (not including Hong Kong, Taiwan or Macau), Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time. The five richest people in the world doubled their combined net worth from $405 billion to $869 billion in just over three years, a new Oxfam International report shows. Elon Musk, Jeff Bezos, Larry Ellison, Warren Buffett, and Bernard Arnault (including his family) all topped the list of the world’s richest people whose net worth skyrocketed from March 2020 to November 2023.

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He also owns space exploration company Blue Origin, which is included at Bloomberg’s calculation of investment cost. There are 2,668 billionaires around the globe, according to Forbes’ annual World’s Billionaires list, down 87 from the previous year. Like several of the tech billionaires on this list, Larry Page embarked on his path to fame and fortune in a college dorm room.

The database program proved so popular that SDL changed its name to Oracle Systems Corporation in 1982. Cascade is a privately-held investment vehicle that owns a variety of stocks including Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investments in real estate and energy. Wild footage posted on social media showed one of the horses galloping past Buckingham Palace at one point.

His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault. Bernard Arnault is the chairman and CEO of LVMH, the world’s largest luxury goods company, which includes brands like Louis Vuitton and Sephora. Most of his wealth comes from his massive stake in Christian Dior SE, which controls LVMH. While one can argue about the ethics behind owning so much wealth in the world, there’s no denying that billionaires play a supersized role in shaping philanthropy, politics and the global economy.