who are the five richest people in the world

Ellison has become known as a “Malibu real estate mogul,” buying his first Carbon Beach property back in 2002. When Ellison launched Oracle, it took the world by storm and was favoured by many businesses due to its speed and efficiency. It became a top competitor among the likes of Intel, Microsoft and IBM. In fact, the Oracle software is now used by big names including Coca-Cola, Netflix and Zoom. The entrepreneur owns around 42% of Oracle, totalling more than 1.1 billion shares.

  • Google also offers a variety of electronic devices, including Pixel smartphones, computers, and tablets, Nest smart home devices, and the Stadia gaming platform.
  • Nvidia CEO and cofounder Jensen Huang joins the top 10 richest for the first time at the start of the month.
  • In April 2022, Musk began a campaign to take X private, which culminated in a $44 billion buyout.
  • Elon Musk is currently considered the world’s richest person, with a net worth of $226.6 billion per Forbes’ real-time rankings as of Wednesday.

Forbes World’s Billionaires List

  • He is said to have spent an astonishing $100 million to renovate it for a planned Beechwood Art Museum.
  • Today, their wealth is primarily concentrated in the technology, finance, and retail industries.
  • Until Musk receives those options, Forbes will continue to discount the Tesla options from the pay package by 50%.
  • XAI raised an additional $5 billion from investors in November, valuing the startup at $50 billion.
  • Musk still isn’t entitled to receive a $56 billion compensation package from Tesla, despite shareholder approval.

He is a major player in several industries, including manufacturing and oil refinery amongst others. With that said, here are the 5 richest African people at the very start of the year, as per Bloomberg’s billiionaire index. The existence of billionaires in Africa is essential for tackling these issues and promoting sustainable growth.

  • The UK’s former prime minister Rishi Sunak has also made this list, ranking 20 places higher compared to 2023.
  • The Facebook co-founder owns pricey properties in Palo Alto, Lake Tahoe, and Hawaii.
  • Mark Zuckerberg is the innovator behind the world’s most popular social media channels – Facebook, Instagram, Threads and WhatsApp.
  • The incredible setting offers up 7,000 square feet with 12 bedrooms and 12 baths.
  • In 2012, Ellison bought 98% of the Hawaiian island of Lanai for $300 million.

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who are the five richest people in the world

According to a report by CNBC, the businessman stands to save “at least $610 million” in taxes that he would have had to pay if he was still living full-time in Washington state. The Brownsville property that Musk was referring to sits on a grassy street that runs down to the perimeter of Starbase and has several similar properties dotting it. In a series of posts shared on X, which was then known as Twitter, Musk shared that he planned to “own no house,” with reports at the time revealing that he was giving up every property he still owned. The 53-year-old South African born entrepreneur and more recently, advisor to incoming President Donald Trump, juggles a myriad of innovative businesses, and his wealth keeps breaking records.

Sergey Brin

who are the five richest people in the world

The land has 2,500 feet of ocean frontage as well as a working organic farm. The couple made plans to build a 6,100-square-foot, two-bedroom residence on the property, along with a 16-bay garage complex and a “ranch administration building” that includes keycard-protected offices and security Food Truck Accounting headquarters. In 2014, the Chan Zuckerbergs reportedly shelled out $100 million for two huge tracts of land on Kauai’s North Shore, creating a 700-acre spread for family getaways. One of the homes, known as the Carousel Estate, has already been razed, and plans are reportedly in place for a sprawling compound of nearly 10 acres. The plans include a “20,000-square-foot, 35-foot-tall main residence with a timber and glass facade,” along with “a new bunkhouse, a gym, a gatehouse, multiple guesthouses, and offices,” according to Forbes.

The top 10 richest people in India in 2025

Forbes reports that as of April 2, 2024, the number of billionaires has reached 2,781,141 more than last year, and they are worth $14.2 trillion in aggregate. In 2010, Buffett and Bill Gates and Melinda French Gates established the Giving Pledge initiative, which urges billionaires to donate at least 50 percent of their wealth to charitable organisations. Demonstrating his unwavering philanthropic commitment, Buffett has expressed his intention to donate 99 percent of his fortune. In May 2012, normal balance Zuckerberg took the company public, and by December 2016, he was ranked 10th on the Forbes list of The World’s Most Powerful People. Currently, Zuckerberg owns about 13.68 percent of stake in Meta Platforms. The report also predicted that by 2027, the number of millionaires would increase 44%, while the number of ultra-high-net-worth individuals, defined as households with over $50 million in assets, was projected to increase 53%.

The biggest loser of this group was Oracle Chairman Larry Ellison, whose fortune fell by $17.2 billion during the month to an estimated nearly $210 billion. Ellison fell to No. 3 richest in the world from No. 2 at the start of December. Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. Their brotherly relationship became strained when Ballmer started pushing the tech company into hardware, such as the Surface tablet and the Windows mobile phone, during his tenure as CEO. An engineer by who are the five richest people in the world training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971.

who are the five richest people in the world

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. In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to his current position as CEO of the electric vehicle company. 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 Technologies (SpaceX), a developer of space launch rockets. What’s more, the top 1% holds 43% of the world’s financial assets, according to Oxfam, drawing on data from Wealth X. In the United States, this group owns 32%; in Asia, it’s 50%.

who are the five richest people in the world

Musk was also the world’s richest person for most of 2022—until December 2022, when a drop in Tesla’s share price pushed down the value of his fortune. Musk became the world’s richest person again on June 8, 2023 and held onto the number one spot for the remainder of 2023. Nvidia CEO and cofounder Jensen Huang joins the top 10 richest for the first time at the start of the month. He’s ranked No. 10 and worth an estimated $118 billion, mostly due to his stake in the chip designer, whose shares rose 171% in 2024. Nvidia ended the year with a market capitalization of $3.28 trillion, making it more valuable than Microsoft (but not as valuable as Apple). Huang overtook Spain’s Amancio Ortega, founder of clothing retailer Zara and its publicly traded parent company, Inditex; shares of Inditex weakened in the past month.