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Top 10 Richest People In The World

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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.

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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.

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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

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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.

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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.

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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.

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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.

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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.

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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

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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

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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.

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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.

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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.

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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

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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.

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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.

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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.

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Voters In Turkish Cyprus Reject Erdogan-backed Leader In Presidential Election

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The breakaway territory of northern Cyprus has voted overwhelmingly to replace its outgoing leader, who had the backing of Turkish President Recep Tayyip Erdogan, election officials said Sunday.

Almost 63 per cent of voters in the territory, whose claim to statehood is recognised only by Turkey, backed former prime minister Tufan Erhurman as next president at the expense of Turkey’s pick, Ersin Tatar, who polled 35 per cent.

Cyprus has been divided since 1974, when a Turkish invasion following a coup in Nicosia backed by Greece’s then-military junta eventually led to the creation of the Turkish Republic of Northern Cyprus in 1983.

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READ ALSO:US Imports Eggs From Korea, Turkey To Help Ease Prices

The internationally recognised Republic of Cyprus, a member of the European Union, controls the island’s majority Greek Cypriot south.

While Tatar has toed the Turkish line of two separate states on Cyprus, Erhurman has indicated he favours a federal state that would include both sides of the island.

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Erhurman said there were no losers in the election and that “the Turkish Cypriot people have won together”.

READ ALSO:Turkey Deports 103 Nigerians

“I will exercise my responsibilities, notably in terms of foreign policy, in consultation with the Republic of Turkey,” he said, trying to soothe concerns from Ankara that he may try to break away.

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Erdogan congratulated Erhurman in a post on social media, adding that Turkey would “continue to defend the rights and sovereign interests” of the breakaway territory.

The last major round of peace talks to negotiate a settlement to the island’s divided status collapsed in Switzerland in 2017.

The leaders of both sides met in July at the UN headquarters in New York for talks that were hailed as “constructive” by UN chief Antonio Guterres.

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Thieves Steal French Crown Jewels From Louvre In Daytime Raid

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Thieves wielding power tools raided the Louvre in broad daylight Sunday, taking just seven minutes to grab some of France’s priceless crown jewels, but dropping a gem-encrusted crown as they fled, officials and sources said.

Authorities recovered the 19th-century crown — damaged — near the museum.

The spectacular heist, one of several to target French museums in recent months, forced the closure of the Louvre, the world’s most-visited museum and home to the Mona Lisa.

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President Emmanuel Macron posted on social media that “everything is being done” to catch the perpetrators and recover the stolen items.

Police are looking for a team of four thieves, Paris’s chief prosecutor Laure Beccuau told the BFMTV channel.

Soldiers patrolled the famed glass pyramid entrance, while evacuated visitors, tourists and passersby were kept at a distance behind police tape.

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It was “like a Hollywood movie”, one American tourist, Talia Ocampo, told AFP.

It was “crazy” and “something we won’t forget — we could not go to the Louvre because there was a robbery”, she said.

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A culture ministry statement said eight items of jewellery had been stolen from the Gallerie Apollon that houses the French crown jewels.

“Two high-security display cases were targeted, and eight objects of invaluable cultural heritage were stolen,” said the ministry statement.

They included the emerald-and-diamond necklace that Napoleon gave his wife Empress Marie Louise, and the crown of Empress Eugenie, the wife of Napoleon III.

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Beccuau said the thieves had threatened museum guards with the angle grinders they used to break into the jewellery cases.

A team of 60 investigators was working on the case, she added.

– ‘Unsellable’ –

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The robbers used a powered, extendable ladder of the sort used to hoist furniture into buildings to get into a gilded gallery housing the crown jewels, said officials.

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Eugenie’s crown was recovered after the thieves dropped it as they made their escape, said the culture ministry statement.

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The crown, featuring golden eagles, is covered in 1,354 diamonds and 56 emeralds, according to the museum’s website.

Interior Minister Laurent Nunez said the thieves had used the furniture hoist to steal “priceless” items from two displays in the museum’s “Galerie d’Apollon” (“Apollo’s Gallery”).

The items stolen also included a necklace from the sapphire jewellery of Queen Marie Amelie and Queen Hortense and a pair of emerald earrings that once belonged to Marie Louise, said the culture ministry.

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The thieves arrived between 9:30 and 9:40 am (0730 and 0740 GMT), the source following the case said, shortly after the museum opened to the public at 9:00 am.

One police source said the robbers had ridden up on a scooter armed with angle grinders and used the furniture hoist to get inside the Louvre.

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A witness named Samir, who was riding a bicycle nearby at the time, told the TF1 channel that he saw two men “get on the hoist, break the window and enter… it took 30 seconds”.

He said he saw four of them leave on scooters, and he called the police.

The robbery happened just 800 metres (half a mile) from Paris police headquarters.

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The Louvre’s management told AFP it had closed because it wanted to “preserve traces and clues for the investigation”.

The director of the Drouot auction house told the LCI broadcaster he feared the jewels would be broken down into gems and precious metal to be sold, as they would be “completely unsellable in their current state”.

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– ‘Great vulnerability’ –

The Louvre used to be the seat of French kings until Louis XIV abandoned it for Versailles in the late 1600s.

It is the world’s most visited museum, last year welcoming nine million people to its extensive hallways and galleries.

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Nunez, the capital’s former police chief who became interior minister last week, said he was aware of “a great vulnerability” in museum security in France.

Last month, criminals used an angle grinder to break into Paris’s Natural History Museum, making off with gold samples worth 600,000 euros ($700,000).

Thieves earlier in the month stole two dishes and a vase from a museum in the central city of Limoges, the losses estimated at 6.5 million euros.

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Last year, four thieves stole snuffboxes and other artifacts from another Paris museum, breaking into a display case with axes and baseball bats.

But thefts from the Louvre have been rarer.

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A painting by French painter Camille Corot disappeared from the museum in 1998 and has never been recovered.

In 1911, an Italian worker at the museum stole the Mona Lisa, but it was recovered and today sits behind security glass.

Macron in January pledged the Louvre would be redesigned after its director voiced alarm about dire conditions inside. On Sunday, he said that that project included reinforced security.

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Dati said Sunday that new security measures would be part of the renovation plan.

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Pope Leo Creates Seven New Saints In Historic Vatican Ceremony

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Bells rang out Sunday over St Peter’s Square as Pope Leo XIV created seven new saints, including the first from Papua New Guinea, an archbishop killed in the Armenian genocide, and a Venezuelan “doctor of the poor.”

Also canonised during the solemn ceremony, under sunny skies in the vast plaza on World Mission Day, were three nuns who dedicated their lives to the poor and sick and former Satanic priest Bartolo Longo.

The Italian lawyer born in 1841 subsequently rejoined the Catholic faith and went on to found the Pontifical Shrine of the Blessed Virgin of the Rosary of Pompeii.

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“Today we have before us seven witnesses, the new Saints, who, with God’s grace, kept the lamp of faith burning,” Leo told an audience the Vatican estimated at some 55,000 people.

READ ALSO:Pope Leo XIV Urges End To Exploitation And Hatred In First Address As Pontiff

May their intercession assist us in our trials and their example inspire us in our shared vocation to holiness,” he said during his homily.

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Huge portraits of the seven were unfurled from windows over the square as Leo, the first US pope, exited St Peter’s Basilica dressed in a ceremonial white cassock with a white mitre on his head, preceded by white-clad bishops and cardinals.

Cardinal Marcello Semeraro, prefect of the Dicastery for the Causes of Saints—the Vatican department charged with beatification and canonisation—read aloud profiles of the seven to applause from the crowd.

With Leo’s reading of the canonisation formula, they were officially declared saints.

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In his homily, Leo described the new saints as either “martyrs for their faith,” “evangelisers and missionaries,” “charismatic founders” of congregations, or “benefactors of humanity.”

READ ALSO:Pope Leo XIV Declares Friday Global Prayer, Fasting Day For Peace

The rite of canonisation was the second for the former Robert Prevost since he was made leader of the Catholic Church on May 8.

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Last month, he proclaimed as saints Italians Carlo Acutis—a teenager dubbed “God’s Influencer” who spread the faith online before his death at age 15 in 2006—and Pier Giorgio Frassati, considered a model of charity who died in 1925, aged 24.

Canonisation is the final step towards sainthood in the Catholic Church, following beatification.

Three conditions are required—most crucially that the individual has performed at least two miracles. He or she must be deceased for at least five years and have led an exemplary Christian life.

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READ ALSO:‘I’m Deeply Pained,’ Pope Leo XIV Emotionally Begs World Leaders To End Wars In Ukraine, Gaza

Martyrs, humanitarians

Along with Longo, those made saints Sunday were Peter To Rot, a lay catechist from Papua New Guinea killed during the Japanese occupation during World War II, Armenian bishop Ignazio Choukrallah Maloyan, killed by Turkish forces in 1915, and Venezuela’s Jose Gregorio Hernandez Cisneros, a layman who died in 1919, whom the late Pope Francis called a “doctor close to the weakest.”

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Also from Venezuela was Maria Carmen Elena Rendiles Martinez, a nun born without a left arm who overcame her disability to found the Congregation of the Servants of Jesus before her death in 1977. She becomes the South American country’s first female saint.

The Italian nuns canonised are Vincenza Maria Poloni, the 19th-century founder of Verona’s Institute of the Sisters of Mercy, which cares primarily for the sick in hospitals, and Maria Troncatti of the Daughters of Mary Help of Christians.

In the 1920s, Troncatti arrived in Ecuador to devote her life to helping its indigenous population.

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