Headline

Top 10 Richest People In The World

Published

1 year ago

June 4, 2024

The combined net worth of the world’s top 10 richest individuals in June 2024 has reached nearly $1.59 trillion, an increase of about $50 billion from the previous month.

Forbes, which has tracked global billionaires since 1987, continues to monitor these dynamic changes through their real-time billionaire tracker.

French business mogul, Bernard Arnault, was the world’s wealthiest person from February until late May 2024.

However, in the latest June 1 release, Tesla and X, CEO, Elon Musk reclaimed the title of the world’s richest person, thanks to his new AI company, xAI, which raised $6 billion, boosting his fortune to over $210 billion.

Bernard Arnault, who held the top spot from February to May, saw his wealth drop to $201.6 billion due to a decline in LVMH shares.

Mark Zuckerberg gained $12.6 billion, reaching $163.8 billion.

Bill Gates remains the ninth richest at $129.4 billion.

Here is a list of the top 10 richest in the world in June 2024:

1. Elon Musk

Elon Musk

Net worth: $210.3 billion
Source: Tesla, SpaceX, X (Twitter)
Age: 52
Residence: Austin, Texas
Citizenship: U.S.
Elon Musk is the CEO of Tesla, SpaceX, and social media company X (formerly Twitter), and founder of xAI. He owns 13 per cent of Tesla and 74 per cent of X, which he bought for $44 billion in October 2022.

Born in South Africa, Musk moved to Canada at 17, and attended Queen’s University and then the University of Pennsylvania.

In 2000, he co-founded PayPal, which was sold to eBay for $1.4 billion in 2002. Musk founded SpaceX in 2002 and joined Tesla in 2004, becoming CEO in 2008.

He became the world’s richest person in 2021, with a peak fortune of $320 billion.

Musk regained the top spot in June 2023, briefly lost it in January 2024, but reclaimed it in May 2024 after xAI raised $6 billion.

2. Arnault-Bernard

Arnault-Bernard

Net worth: $201.6 billion
Source: LVMH/ luxury goods
Age: 75
Residence: Paris
Citizenship: France
Bernard Arnault, CEO and chairman of LVMH fell to the second richest spot in late May 2024, overtaken by Elon Musk.

Arnault built LVMH into the largest luxury goods company, with brands like Louis Vuitton, Christian Dior, and Tiffany & Co.

He used $15 million from his father’s construction fortune to buy Christian Dior. All five of his children work within LVMH, with Alexandre, Frédéric, Delphine, Antoine, and Jean holding significant positions.

Arnault was the world’s richest person for most of the first half of 2023 and again from February to late May 2024.

As of June 1, 2024, his fortune is $7.8 billion less than a month ago due to a dip in LVMH stock.

3. Jeff Bezos

Jeff Bezos

http://www.wealthx.com
Net worth: $194.7 billion
Source: Amazon
Age: 60
Residence: Miami, Florida
Citizenship: U.S.
Jeff Bezos founded Amazon in 1994 and served as CEO until July 2021; he remains chairman. In the same month, he went to space on a Blue Origin rocket, a company he founded and heavily funds. His fortune increased by $1.4 billion in May 2024 due to a rise in Amazon stock.

Before Amazon, Bezos worked at hedge fund D.E. Shaw in New York. Amazon started as an online bookseller and expanded into cloud storage and media production. Bezos was the world’s richest person from 2018 to 2021 but dropped to second in 2022.

In 2019, Bezos divorced MacKenzie Scott, who received 4 per cent of Amazon shares while he kept 12 per cent.

He now owns just under 10% of the company, having sold over $27 billion in stock since Amazon went public in 1997. Through Bezos Expeditions, he has invested in companies like Airbnb and Workday.

4. Mark Zuckerberg

Mark Zuckerberg

Meta CEO, Mark Zuckerberg
Zuckerberg
Net worth: $163.8 billion
Source: Meta (Facebook)
Age: 40
Residence: Palo Alto, California
Citizenship: U.S.
Mark Zuckerberg co-founded Facebook, now Meta Platforms, at Harvard in 2004.

Meta, the world’s largest social network, has over 3 billion monthly users and owns Instagram and WhatsApp.

Zuckerberg, Meta’s CEO, took the company public in 2012 and owns about 13 per cent of it. He and his wife, Priscilla Chan, pledged 99 per cent of their Meta stock to philanthropic efforts, aiming to develop tools to cure, manage, or prevent all diseases by the century’s end.

Zuckerberg reentered the top 10 richest in the summer of 2023 due to a rise in Meta’s stock. In May 2024, his fortune increased by $12.6 billion as Meta’s stock climbed 8.5 per cent.

5. Larry Ellison

Larry Ellison

Net worth: $146.2 billion
Source: Oracle
Age: 79
Residence: Woodside, California
Citizenship: U.S.
Larry Ellison co-founded Oracle in 1977 and served as CEO until 2014; he is now chairman and chief technology officer. Oracle has made significant acquisitions, including Sun Microsystems for $7.4 billion in 2010.

In 2012, Ellison bought 98% of the Hawaiian island of Lanai for $300 million. He also owns homes in California and Nevada and invested in Tesla, serving on its board from 2018 to August 2022.

In February 2024, Ellison was overtaken by Mark Zuckerberg and fell to the fifth richest. In May, his net worth increased by $3.4 billion.

6. Larry Page

Larry Ellison

Net worth: $142.9 billion
Larry Page
Google co-founder Larry Page
Source: Google
Age: 51
Residence: Palo Alto, California
Citizenship: U.S.
Page co-founded Google with Sergey Brin in 1998, serving as CEO from 1998 to 2001 and from 2011 to 2015.

He currently sits on Alphabet’s board and remains a major shareholder.

Additionally, he was an early investor in Planetary Resources, later acquired by ConsenSys.

Page’s wealth surged due to increased Alphabet shares, rising $7.5 billion in May 2024 following a $9 billion jump in April.

7. Warren Buffett

Warren Buffett

Net worth: $137 billion
Source: Berkshire Hathaway
Age: 93
Residence: Omaha, Nebraska
Citizenship: U.S.
Warren Buffett, known as the “Oracle of Omaha,” heads Berkshire Hathaway, which owns companies like Geico, Duracell, and Dairy Queen.

He began investing at 11, co-founded the Giving Pledge in 2010, and has pledged to donate 99% of his wealth.

His donations, primarily in Berkshire Hathaway stock, total over $51.5 billion, making him the most generous billionaire globally.

In May 2024, his wealth rose by $6 billion, driven by Berkshire Hathaway’s share price increase.

8. Sergey Brin

Sergey Brin

Net worth: $136.9 billion
Source: Google
Age: 50
Residence: Los Altos, California
Citizenship: U.S.
Brin, alongside Larry Page, co-founded Google while pursuing their Stanford computer science PhDs.

He currently sits on Alphabet’s board and holds a significant share. Brin’s wealth surged by $7 billion in May 2024.

Despite semi-retirement, he contributed to Google’s Gemini AI chatbot and was a key contributor to its release.

Brin is the leading individual donor for Parkinson’s disease research, contributing $1.25 billion to various initiatives, including Aligning Science Across Parkinson’s, a collaborative effort led by his team.

9. Bill Gates

Bill Gates

Net worth: $129.4 billion
Source: Microsoft, investments
Age: 68
Residence: Medina, Washington
Citizenship: U.S.
Gates, fascinated by computer programming in his teens, co-founded Microsoft with Paul Allen in 1975, pioneering software for personal computers. He served as CEO for 25 years and remained chairman until 2014.

Despite stepping off the board in 2020, he still advises Microsoft teams part-time. Gates has diverse investments in numerous companies, including Republic Services and Deere & Co., and owns significant farmland in the U.S.

Forbes first recognized Gates as a billionaire in 1987, and he held the title of the world’s richest person from 1995 to 2017, except for brief periods. He has donated over $59 billion to the Gates Foundation, losing the top spot to Jeff Bezos in 2018. Following his divorce from Melinda French Gates in 2021, she received an estimated $10 billion in assets.

In May 2024, Gates’ fortune increased by around $2.4 billion, maintaining his No. 9 rank, though it’s the lowest he’s ranked in decades as others surpass him.

10. Steve Ballmer

Steve Ballmer

Net worth: $123.2 billion
Source: Microsoft, Clippers, investments
Age: 68
Residence: Hunts Point, Washington
Citizenship: U.S.
Ballmer, a Harvard classmate of Bill Gates, joined Microsoft as its 30th employee in 1980 after leaving Stanford’s MBA program. He served as CEO from 2000 to 2014.

After leaving Microsoft, Ballmer bought the Los Angeles Clippers for $2 billion, setting an NBA record. Forbes now estimates the team’s value at $4.65 billion.

Ballmer’s wealth surged by approximately $6 billion last month due to a rise in Microsoft stock. He and his wife, Connie, rank among America’s top 25 philanthropists.

Who is the richest woman in the world?
The richest woman globally is Francoise Bettencourt Meyers from France.

With an estimated net worth of $99 billion as of June 1, 2024, she ranks as the 15th richest person worldwide.

Meyers inherited her wealth from her late mother, primarily through her ownership stake in cosmetics giant L’Oreal, founded by her grandfather.

Headline

Wildfire Engulfs Mountain Near Western Canada City

Published

5 hours ago

August 13, 2025

Editor

Nearly 20,000 residents of a community in western Canada were on standby on Wednesday as a wildfire engulfed a mountain overlooking the city of Port Alberni, the latest area threatened in the country’s second-worst fire season on record.

“I’ve lived in Port Alberni since 1956, and this is one of the biggest fires we’ve ever seen,” Russ Wetas, 69, told AFP as smoke from Mount Underwood filled the sky behind him.

The wildfire service in the west coast province of British Columbia has listed the Mount Underwood fire as “out of control,” meaning it is expected to spread further.

But it remained unclear if Port Alberni, roughly 10 kilometres (6.2 miles) north, will be evacuated.

On the opposite end of the vast country, in the easternmost province of Newfoundland and Labrador, parts of the capital, St. John’s, received evacuation orders on Tuesday, following several days of intensifying fire.

A wildfire was also burning on Wednesday on the outskirts of Halifax, a major city in the eastern province of Nova Scotia, with a population of nearly half a million.

This is already Canada’s second-worst wildfire season in terms of landmass burned, based on figures dating back to 1983.

So far, 7.4 million hectares (18.3 million acres) have been scorched, an area nearly as large as Panama, putting 2025 past the 7.1 million hectare mark from 1995.

But this year is not expected to pass 2023, when 17.3 million hectares burned, an extraordinary toll that focused global attention on the growing threat of wildfires boosted by human-induced climate change.

Smoke from this year’s wildfires has put tens of millions of people under air quality alerts in both Canada and the United States. The haze has even crossed the Atlantic, affecting people in western Europe.

More than 700 wildfires were burning across Canada on Wednesday, including 161 considered out of control, with nearly every province and territory impacted.

Mount Underwood is on Vancouver Island, making the blaze there part of a worrying trend of increased wildfire activity near the coast.

Experts have said that historically, coastal areas did not burn, but more serious wildfires near the ocean are being recorded, even if they remain less intense than blazes further inland.

“This is a fire that hasn’t been seen on Vancouver Island,” John Jack, a First Nations chief and regional official, told the public broadcaster CBC.

Ted Hagard, who works at Port Alberni’s paper mill, told AFP he had been watching the fire’s progression on social media but needed to see it for himself.

It’s “insane how huge it is,” the 46-year-old said, standing on the shores of a lake adjacent to Mount Underwood.

Canada is experiencing a rise in conditions that are conducive to fires, experts say, linking the trend to climate change, which has caused elevated temperatures, reduced snow, shorter and milder winters, and earlier summer weather.

Headline

Zelensky Rules Out Swapping Territory, Calls For ‘Fair Peace’

Published

11 hours ago

August 13, 2025

Editor

President Volodymyr Zelensky said Wednesday that Ukraine and its allies must work together to pressure Russia into ending its invasion, ahead of talks in Berlin with European leaders and US President Donald Trump.

“Pressure must be exerted on Russia for the sake of a fair peace. We must learn from the experience of Ukraine and our partners to prevent deception on the part of Russia,” Zelensky wrote on social media.

“There are currently no signs that the Russians are preparing to end the war,” he added.

Zelensky is due in Berlin on Wednesday for talks with European leaders and Trump ahead of the US president’s summit with Russian counterpart Vladimir Putin.

The Ukrainian leader said he and his team had held more than 30 conversations with world leaders and high-ranking officials ahead of the talks.

The flurry of diplomatic engagements have been overshadowed by rapid, but so far limited Russian push in the eastern Donetsk region, which the Kremlin claims is part of Russia.

A member of the Ukrainian delegation travelling with Zelensky to Berlin told AFP that the Russian gains around the mining hub of Dobropillia “did not influence” preparation for Wednesday’s talks.

Zelensky conceded one day earlier that Russian forces had advanced by up to 10 kilometres (six miles), but ruled out swapping territory with Moscow as part of any deal with Russia.

AFP

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S’Africa Offers US New Trade Deal To Avoid 30% Tariff

Published

1 day ago

August 12, 2025

Editor

South Africa will offer a “generous” new trade deal to the United States to avoid 30 percent tariffs, ministers said Tuesday.

Washington on Friday slapped the huge tariff on some South African exports, the highest in sub-Saharan Africa, despite efforts by Pretoria to negotiate a better arrangement to avoid massive job losses.

The ministers did not release details of the new offer but said previously discussed measures to increase imports of US poultry, blueberries, and pork had been finalised.

“When the document is eventually made public, I think you would see it as a very broad, generous and ambitious offer to the United States on trade,” Agriculture Minister John Steenhuisen said at a press briefing.

Officials have said the 30 per cent tariff could cost the economy around 30,000 jobs.

“Our goal is to demonstrate that South African exports do not pose a threat to US industries and that our trade relationship is, in fact, complementary,” Trade Minister Parks Tau said.

The United States is South Africa’s third-largest trading partner after the European Union and China.

However, South African exports account for only 0.25 per cent of total US imports and are “therefore not a threat to US production”, Tau said.

Steenhuisen said US diplomats raised issues related to South African domestic policies, which was a “surprise given the fact we thought we were in a trade negotiation”.

The two nations are at odds over a range of policies.

US President Donald Trump has criticised land and employment laws meant to redress racial inequalities that linger 30 years after the end of apartheid.

“Things like expropriation without compensation, things like some of the race laws in the country, are issues that they regard as barriers now to doing trade with South Africa,” he told AFP on the sidelines of the briefing.

“I think we’re seeing some form of a new era now where trade and tariffs are being used to deal with other issues, outside of what would generally be trade concerns,” Steenhuisen said.