The Richest 10 Billionaires in the World
In a month where U.S. stock indices continued to reach historic peaks, the gains did not translate evenly to the fortunes of the world’s wealthiest individuals. Forbes reported that the net worth of the top ten rose modestly by just 1%, approximately $21 billion, bringing the total to $2.13 trillion.
According to the report, six of the top ten billionaires gained wealth in August, while four saw a decline in their fortunes due to fluctuations in technology stocks. Despite these ups and downs, Elon Musk remained firmly in the lead, far ahead of his nearest competitor.
List of the Top 10 Richest People in the World
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Elon Musk – $415.6 billion
The CEO of Tesla and SpaceX saw his fortune increase by $14.4 billion last month as Tesla’s stock rose by 8%, marking his 16th consecutive month at the top. -
Larry Ellison – $270.9 billion
The founder of Oracle lost $29 billion in August after his company’s stock fell by 10%, yet he remained the second richest person in the world, trailing Musk by $144.7 billion. -
Mark Zuckerberg – $253 billion
The founder of Meta dropped by $13.7 billion as his company’s stock decreased by 5% amid concerns about spending on artificial intelligence and restructuring. -
Jeff Bezos – $240.9 billion
The founder of Amazon lost $5.5 billion due to a 2.3% drop in his company’s stock, yet he remains among the top four globally. -
Larry Page – $178.3 billion
The founder of Google saw his wealth increase by over $20 billion thanks to a 9% rise in Alphabet’s stock, maintaining his fifth position. -
Sergey Brin – $165.9 billion
Page’s co-founder benefited from Alphabet’s surge, gaining $15.1 billion and advancing to sixth place globally. -
Bernard Arnault – $154.1 billion
The CEO of LVMH added $11.2 billion to his fortune thanks to strong margins in the luxury goods sector, advancing by three places in the rankings. -
Steve Ballmer – $151.3 billion
The former CEO of Microsoft increased his wealth by $4.4 billion by retaining most of his company’s shares while also benefiting from the rising value of his Los Angeles Clippers team. -
Jensen Huang – $150.4 billion
The founder of Nvidia dropped from sixth to ninth place, losing $3.5 billion due to market concerns over competition in the semiconductor sector. -
Warren Buffett – $150.4 billion
The “Oracle of Omaha” added $7 billion in August but slipped one position as he turned 95 and prepared to step down from managing Berkshire Hathaway by the year’s end.
Forbes’ list indicates that nine of the ten are American, with Bernard Arnault being the sole exception. Despite the volatility in fortunes, what binds them is the widening gap with the rest of the world’s billionaires, as none of them has a net worth below $150 billion, solidifying this elite group’s dominance over global wealth.
