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Top 10 wealthiest people in the world as of May 2024

As of May 1, 2024, Bernard Arnault, the CEO of LVMH, the world’s largest luxury goods company, remains the wealthiest person in the world.

Elon Musk, the creative force behind Tesla, is closely trailing Arnault, who has maintained his place at the top since February 2024, according to Forbes’ real-time billionaires list.

In a recent development, Musk was momentarily eclipsed by Amazon founder Jeff Bezos in April 2024, taking second place. But Musk quickly reclaimed his position with a stunning 15% increase in Tesla’s shares on April 29, 2024, which increased his net worth by $14.5 billion, according to Forbes.

Musk’s latest investigation into China’s electric vehicle market highlights his unwavering commitment to innovation. Musk has closed the financial gap with Arnault, who is currently worth $10 billion more than him at $209.4 billion, despite Musk still lagging behind him.

Nevertheless, Arnault’s LVMH suffered a blow last month when its stock value dropped, causing a $17 billion drop in its wealth. Arnault’s standing as the richest person in the world is unaffected by this, nevertheless.

Furthermore, Jeff Bezos, the founder of Amazon, dropped to third position with a $193.3 billion net worth during the same period, while Mark Zuckerberg’s Meta reported a $151.2 billion net worth.

With a net worth of $128 billion, Microsoft founder Bill Gates—who held the title of richest person in the world for over three decades—has fallen from seventh place to ninth place in the rankings.

Francoise Bettencourt Meyers, a Frenchwoman, held the title of richest woman in the world as of May 1, 2024. She is the 15th richest person in the world with an estimated net worth of $95.4 billion.

Francoise’s wealth, according to Forbes, stems from her ownership share in the massive cosmetics company L’Oreal, which she inherited from her late mother. Eugène Schueller, the man who founded L’Oreal, was her grandfather.

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1. Bernard Arnault

Net worth: $209.4 billion

Source: LVMH/ luxury goods Age: 75

Residence: Paris

Citizenship: France

2. Elon Musk

Net worth: $199.6 billion

Source: Tesla, SpaceX, X (Twitter) Age: 52

Residence: Austin, Texas

Citizenship: U.S.

3. Jeff Bezos

Net worth: $193.3 billion

Source: Amazon Age: 60

Residence: Miami, Florida

Citizenship: U.S

4. Mark Zuckerberg

Net worth: $151.2 billion

Source: Meta (Facebook)

Age: 39

Residence: Palo Alto, California

5. Larry Ellison

Net worth: $142.8 billion

Source: Oracle

Age: 79

Residence: Woodside, California

Citizenship: U.S.

6. Larry Page

Net worth: $135.4 billion

Source: Google

Age: 51

Residence: Palo Alto, California

Citizenship: U.S

7. Warren Buffett

Net worth: $131 billion

Source: Berkshire Hathaway

Age: 93

Residence: Omaha, Nebraska

Citizenship: U.S.

8. Sergey Brin

Net worth: $129.9 billion

Source: Google

Age: 50

Residence: Los Altos, California

Citizenship: U.S

9. Bill Gates

Net worth: $127 billion

Source: Microsoft, investments

Age: 68

Residence: Medina, Washington

Citizenship: U.S.

10. Steve Ballmer

Net worth: $117.1 billion

Source: Microsoft, Clippers, investments

Age: 68

Residence: Hunts Point, Washington

Citizenship: U.S

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