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10 World Richest Persons As Of January 2024

The net worth of the 10 wealthiest individuals on earth has increased by $30 billion in just one month, reaching a total of almost $1.47 trillion as of January 1, Forbes reports.
Mark Zuckerberg made a significant jump in the rankings, moving up to the No. 5 spot from his previous position on December 1 as the 7th richest person in the world.
He has surpassed Bill Gates who held the title of the world’s wealthiest individual for a significant period.
Elon Musk continues to hold the title of the wealthiest individual globally, with a net worth of $251 billion.
The CEO of Tesla also holds stakes in SpaceX, a privately held rocket firm, and social media company X, formerly known as Twitter.
In December, the software tycoon behind Oracle, Larry Ellison, experienced a significant decline in his fortune.
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With Oracle’s stock dropping by 10%, Ellison’s wealth plummeted by $11.2 billion, making him the biggest loser among the top ten. Ellison maintains his position as the fourth richest person, with a net worth of $135.3 billion.
Below is the full list of the richest individuals in the world as of January at 12:00 am. according to a Forbes report on Thursday.
1. Elon Musk
Musk serves as the CEO of Tesla, an electric car company, SpaceX, a rocket firm, and X, a social media company previously known as Twitter. With a significant stake in Tesla, he has strategically utilised his stock and options, even using some as collateral for loans. A significant portion of his wealth is attributed to the car company. In October 2022, he made a significant purchase of X, which was then known as Twitter, for $44 billion.
He is currently believed to possess approximately 74% ownership of this prominent social media company. However, according to Forbes, it is worth noting that the current value of the company is now less than half of what he initially paid for it.
2. Bernard Arnault
Bernard Arnault, the CEO and chairman of LVMH, has successfully established the largest luxury goods company globally, boasting an impressive portfolio of around 70 fashion and cosmetics brands.
Some of the most well-known brands include Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. In January 2021, LVMH made a significant acquisition by purchasing jeweller Tiffany & Co. for $15.8 billion.
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3. Jeff Bezos
Jeff Bezos founded Amazon in 1994 and served as its CEO until July 2021, while continuing as chairman. In July of that year, he embarked on a space journey aboard a rocket developed by his private space exploration company, Blue Origin, which he has generously supported with substantial investments. In December 2023, his wealth increased by $5.8 billion due to a rise in the value of Amazon shares.
4. Larry Ellison
Larry Ellison co-founded software firm Oracle in 1977 and led it as CEO until 2014. Currently, he holds the position of chairman and Chief Technology Officer at the company. In recent years, Oracle has made a number of significant acquisitions, one of which was the acquisition of Sun Microsystems in 2010 for $7.4 billion.
5. Mark Zuckerberg
In 2004, Zuckerberg co-founded what is now known as Meta Platforms during his time as a student at Harvard University. With 3.88 billion monthly users, it has become the largest social network in the world. In addition to its platform, the company also has ownership of Instagram and WhatsApp, which were acquired and significantly expanded. Mark Zuckerberg, the CEO of Meta, led the company to go public in 2012 and currently retains approximately 13% ownership.
6. Bill Gates
Gates was first recognised as a billionaire by Forbes in 1987. He held the title of the world’s richest person from 1995 to 2017, with the exception of 2008 and the years 2010 to 2013.
Due to his substantial contributions to the Gates Foundation, which amount to $59 billion, including a generous $20 billion gift in July 2022, he relinquished his title as the wealthiest individual in 2018, being surpassed by Jeff Bezos.
In 1975, Gates left Harvard to cofound Microsoft with his high school classmate Paul Allen, inventing one of the first personal computer software programmes. He served as CEO for 25 years and chairman until 2014. After leaving the board in 2020, he told Forbes in early 2023 that he still consults with Microsoft teams 10% of the time. He owns a lot of property in the U.S. and invests in dozens of firms, including Republic Services and Deere & Co.
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7. Warren Buffett
Warren Buffett, often referred to as the “Oracle of Omaha,” has established himself as one of the most accomplished investors in history. He is the head of the investing conglomerate Berkshire Hathaway, which boasts a diverse portfolio of companies such as Geico, Duracell, and Dairy Queen. From a young age, he demonstrated a keen interest in financial matters. Being the son of a U.S. congressman, he had the opportunity to delve into the world of stocks at the tender age of 11. He even took the initiative to file his taxes at the remarkably young age of 13.
8. Larry Page
Page, along with Sergey Brin, co-founded the search engine Google in 1998. He held the position of CEO from 2001 to 2011 and again from 2015 to present. He currently holds a position as a board member of Google’s parent company, Alphabet, and maintains majority ownership.
9. Sergey Brin
Sergey Brin resigned from his position as president of Alphabet, the parent company of Google, in December 2019. However, he still holds significant control as a major shareholder and continues to serve as a member of the board. He and Larry Page became partners in 1998, when they crossed paths at Stanford University during their pursuit of advanced degrees in computer science.
10. Steve Ballmer
Ballmer, who was a classmate of Bill Gates at Harvard University, became the 30th employee to join Microsoft in 1980. He served as the CEO of Microsoft from 2000 to 2014.
After leaving Microsoft, Ballmer made headlines by acquiring the Los Angeles Clippers team for $2 billion, setting a new record for the highest purchase price of an NBA team. According to recent reports, the team’s value has been estimated at $4.65 billion by Forbes.
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South Korea, Japan Protest China, Russia Aircraft Incursions

South Korea and Japan reacted furiously on Wednesday after Chinese and Russian military aircraft conducted joint patrols around the two countries, with both Seoul and Tokyo scrambling jets.
South Korea said it had protested with representatives of China and Russia, while Japan said it had conveyed its “serious concerns” over national security.
According to Tokyo, two Russian Tu-95 nuclear-capable bombers on Tuesday flew from the Sea of Japan to rendezvous with two Chinese H-6 bombers in the East China Sea, then conducted a joint flight around the country.
The incident comes as Japan is locked in a dispute with China over comments Prime Minister Sanae Takaichi made about Taiwan.
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The bombers’ joint flights were “clearly intended as a show of force against our nation, Defence Minister Shinjiro Koizumi wrote on X Wednesday.
Top government spokesman Minoru Kihara said that Tokyo had “conveyed to both China and Russia our serious concerns over our national security through diplomatic channels”.
Seoul said Tuesday the Russian and Chinese warplanes entered its air defence zone and that a complaint had been lodged with the defence attaches of both countries in the South Korean capital.
“Our military will continue to respond actively to the activities of neighbouring countries’ aircraft within the KADIZ in compliance with international law,” said Lee Kwang-suk, director general of the International Policy Bureau at Seoul’s defence ministry, referring to the Korea Air Defence Identification Zone.
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South Korea also said it deployed “fighter jets to take tactical measures in preparation for any contingencies” in response to the Chinese and Russian incursion into the KADIZ.
The planes were spotted before they entered the air defence identification zone, defined as a broader area in which countries police aircraft for security reasons but which does not constitute their airspace.
Japan’s defence ministry also scrambled fighter jets to intercept the warplanes.
Beijing later Tuesday confirmed it had organised drills with Russia’s military according to “annual cooperation plans”.
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Moscow also described it as a routine exercise, saying it lasted eight hours and that some foreign fighter jets followed the Russian and Chinese aircraft.
Since 2019, China and Russia have regularly flown military aircraft into South Korea’s air defence zone without prior notice, citing joint exercises.
In November last year, Seoul scrambled jets as five Chinese and six Russian military planes flew through its air defence zone.
Similar incidents occurred in June and December 2023, and in May and November 2022.
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Meanwhile, Tokyo said Monday it had scrambled jets in response to repeated takeoff and landing exercises involving fighter jets and military helicopters from China’s Liaoning aircraft carrier as it cruised in international waters near Japan.
It also summoned Beijing’s ambassador after military aircraft from the Liaoning locked radar onto Japanese jets, the latest incident in the row ignited by Takaichi’s comments backing Taiwan.
Takaichi suggested last month that Japan would intervene militarily in any Chinese attack on the self-ruled island, which Beijing claims as its own and has not ruled out seizing by force.
AFP
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Thousands Reported To Have Fled DR Congo Fighting As M23 Closes On Key City

Fierce fighting rocked the eastern Democratic Republic of Congo on Tuesday as the Rwanda-backed M23 militia rapidly advanced towards the strategic city of Uvira, with tens of thousands of people fleeing over the nearby border into Burundi, sources said.
The armed group and its Rwandan allies were just a few kilometres (miles) north of Uvira, security and military sources told AFP.
The renewed violence undermined a peace agreement brokered by US President Donald Trump that Kinshasa and Kigali signed less than a week ago, on December 4.
Trump had boasted that the Rwanda-DRC conflict was one of eight he has ended since returning to power in America in January.
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With the new fighting, more than 30,000 people have fled the area around Uvira for Burundi in the space of a week, a UN source and a Burundian administrative source told AFP.
The Burundian source told AFP on condition of anonymity he had recorded more than 8,000 daily arrivals over the past two days, and 30,000 arrivals in one week. A source in the UN refugee agency confirmed the figure.
The Rwanda-backed M23 offensive comes nearly a year after the group seized control of Goma and Bukavu, the two largest cities in eastern DRC, a strategic region rich in natural resources and plagued by conflict for 30 years.
Local people described a state of growing panic as bombardments struck the hills above Uvira, a city of several hundred thousand residents.
“Three bombs have just exploded in the hills. It’s every man for himself,” said one resident reached by telephone.
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“We are all under the beds in Uvira — that’s the reality,” another resident said, while a representative of civil society who would not give their name described fighting on the city’s outskirts.
Fighting was also reported in Runingo, another small locality some 20 kilometres (12 miles) from Uvira, as the M23 and the Rwandan army closed in.
Burundi views the prospect of Uvira falling to Rwanda-backed forces as an existential threat, given that it sits across Lake Tanganyika from Burundi’s economic capital Bujumbura.
The city is the main sizeable locality in the area yet to fall to the M23 and its capture would essentially cut off the zone from DRC control.
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Burundi deployed about 10,000 soldiers to eastern DRC in October 2023 as part of a military cooperation agreement, and security sources say reinforcements have since taken that presence to around 18,000 men.
The M23 and Rwandan forces launched their Uvira offensive on December 1.
Rich in natural resources, eastern DRC has been choked by successive conflicts for around three decades.
Violence in the region intensified early this year when M23 fighters seized the key eastern city of Goma in January, followed by Bukavu, capital of South Kivu province, a few weeks later.
– Regional risk –
The peace deal meant to quell the fighting was signed last Thursday in Washington by Congolese President Felix Tshisekedi and his Rwandan counterpart Paul Kagame, with Trump — who called it a “miracle” deal — also putting his signature to it.
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The agreement includes an economic component intended to secure US supplies of critical minerals present in the region, as America seeks to challenge China’s dominance in the sector.
But even on the day of the signing, intense fighting took place in South Kivu, where Uvira is located, which included the bombing of houses and schools.
Witnesses and military sources in Uvira said that Congolese soldiers fleeing the fighting had arrived in the city overnight Monday and shops were looted at dawn.
Several hundred Congolese and Burundian soldiers had already fled to Burundi on Monday, according to military sources, since the M23 fighters embarked on their latest offensive from Kamanyola, some 70 kilometres north of Uvira.
Since the M23’s lightning offensive early this year, the front had largely stabilised over the past nine months.
Burundian President Evariste Ndayishimiye warned in February there was a danger of the conflict escalating into a broader regional war, a fear echoed by the United Nations.
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‘Santa Claus’ Arrested For Possessing, Distributing Child Sexual Abuse Material

A 64-year-old man from Hamilton Township has been arrested in the United States after investigators linked him to the possession and distribution of child sexual abuse material.
The suspect, identified as Mark Paulino, had been working as a “Santa for hire” at holiday events, a role that placed him in repeated contact with children.
Mercer County officials said the investigation began on 4 December when detectives were alerted to suspicious online activity involving the uploading of child pornography from a residence in Hamilton Township. The probe quickly identified Paulino, a retired elementary school teacher, as the person involved.
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Police stated that Paulino had presented himself online as a retired teacher and had recently performed as Santa Claus for photographs and private, corporate, and organisational events. “Because this role involved direct, repeated contact with children, detectives worked around the clock to secure a search warrant,” authorities explained.
The warrant was executed on 5 December, during which police seized multiple items regarded as evidentiary. Paulino was taken into custody without incident and charged with possession and distribution of child sexual abuse materials, as well as endangering the welfare of a child.
Prosecutors have filed a motion to detain him pending trial. The investigation remains ongoing, and authorities have urged members of the public with relevant information to come forward.
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