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The 10 richest people in the world as of January 1, 2024, are worth nearly $1.47 trillion, according to data from Forbes.
This is $350 billion higher than the combined net worth of $1.12 trillion the top 10 richest people started in 2023.
Elon Musk, the CEO of Tesla and SpaceX and the head of X (formerly Twitter), has reclaimed his title as the world’s richest person after starting 2023 in second place.
On the other hand, French billionaire Bernard Arnault, who held the title of the richest man at the start of 2023, now ranks second in 2024.
Forbes reports his net worth at $203.2 billion as of January 1, 2024, marking a notable rise from $183 billion at the beginning of 2023.
Other billionaires changes
One notable change in the billionaire list for 2024 compared to 2023 is the absence of Indian billionaire Gautam Adani from the top 10 richest individuals in the world.
Adani, who previously held the position as the richest man in Asia and started 2023 in 3rd place with a net worth of $126.2 billion, faced allegations of corruption in India, leading to one of the most substantial wealth declines in 2023.
A ray of hope emerged when the country’s supreme court ruled that the investigation into Adani should be completed within three months. This ruling positively impacted his stocks, providing a potential reprieve for his financial situation.
He is starting the new year (2024) on the 16th with a net worth of $69.7 billion.
Here is the list of the top 10 richest men in the world at the start of 2024
- Elon Musk – $250.4 billion
- Bernard Arnault & family – $203.2 billion
- Jeff Bezos – $174.4 billion
- Larry Ellison – $133.8 billion
- Mark Zuckerberg – $123.6 billion
- Warren Buffett – $118.8 billion
- Bill Gates – $118.3 billion
- Larry Page – $116.2 billion
- Sergey Brin – $111.5 billion
- Steve Ballmer – $110.9 billion
Kenya ranked among richest countries in Africa
The Africa World Report 2023 revealed that Kenyans with a high net worth of over KSh 100 million increased to 7,700 (30%).
The finding placed Kenya in the fourth position in Africa, after South Africa, Egypt, and Nigeria.
“The ‘Big 5’ wealth markets in Africa are South Africa, Egypt, Nigeria, Kenya, and Morocco. These countries together account for 56% of Africa’s high-net-worth individuals and over 90% of the continent’s billionaires,” read the report in part.
