Who is the Richest Person in the World?

According to the Bloomberg Billionaires Index, Elon Musk is the world’s richest man, with his net worth reaching an all-time high of $500 billion as of December 17, 2024. This was the first time in history that an individual had achieved such wealth. Musk’s wealth mainly comes from his large holdings in several well-known companies:

3. X Corp (formerly Twitter)

Musk is expected to own about 79% of X Corp, which could increase his wealth. The social media purchase further adds to his wealth portfolio.

4. Other business

Musk has also founded and invested in other companies, such as xAI, which focuses on artificial intelligence, and The Boring Company, which specializes in tunnel construction. All of this added value to his wealth.

The second richest person is Jeff Bezos, followed by Musk, with a net worth of approximately $251 billion, and Mark Zuckerberg, third with a net worth of approximately $221 billion. There has been a major change in the fortunes of various billionaires in recent times, including those like Mukesh Ambani and Gautam Adani whose fortunes have fallen out of the $100 billion club.

Elon Musk’s net worth has grown significantly, especially in 2024, as the prices of Tesla and SpaceX continue to soar, coupled with strategic business moves that have helped solidify him as the world’s richest man.