Top 10 billionaires in October 2024: Mark Zuckerberg emerges as the world’s second richest

In 20 years, Meta has grown to beryllium the world’s astir wide utilized societal media platform, with implicit 3 cardinal monthly progressive users, and ranks arsenic the world’s seventh-largest corporation, having a marketplace capitalisation of $1.255 trillion.

It besides owns and operates respective salient societal media applications, including Instagram and WhatsApp, some of which it acquired and expanded nether his leadership.

Notably, Meta’s banal surged successful aboriginal 2023, making Zuckerberg reclaim his presumption among the world’s apical 10 richest individuals for the archetypal clip since January 2022.

FT reports that Meta’s shares person surged by 23% pursuing the company’s stronger-than-expected income results for the 2nd 4th of 2024, and important advancements successful its ample connection models that heighten AI chatbots person propelled Zuckerberg to go the second-richest billionaire globally, arsenic of October 2024.

It’s besides noteworthy to notation that Zuckerberg is estimated to scope trillionaire presumption by 2030, fixed helium retains his caller yearly maturation complaint of 35.8%, arsenic per the study by Informa Connect.

Bloomberg Billionaire Index: Top 10 billionaires arsenic of October 2024

Source: Bloomberg Billionaire Index

Please note: The nett worthy figures are existent arsenic of October 4, 2024. The Bloomberg Billionaires Index provides a regular ranking that is updated astatine the adjacent of each trading time successful New York.

The world’s apical 3 billionaires: Know much astir the starring contenders to beryllium successful the apical spot

The contention for the apical spot among the world’s billionaires remains dynamic, with Musk presently starring owed to his divers investments and innovative concern strategies.

Bezos and Arnault proceed to beryllium formidable competitors, reflecting the ongoing volatility successful planetary markets and idiosyncratic concern performances.

1. Elon Musk:

Elon Musk (Source: Reuters)

Elon Musk, a salient fig known for his roles arsenic the CEO of Tesla, SpaceX, and X (formerly Twitter), presently holds the presumption arsenic the richest idiosyncratic successful the satellite with a contiguous nett worthy of 256 cardinal dollars.

Musk’s enactment during Tesla’s initial nationalist offering (IPO) successful 2010 importantly boosted the company’s marketplace capitalisation, surpassing Bernard Arnault of LVMH and claiming the rubric of the world’s richest person.

In addition, his strategical acquisition of Twitter, present rebranded arsenic X, has further diversified his influential ventures and is connected way to go the world’s archetypal trillionaire by 2027.

2. Jeff Bezos:

Jeff Bezos (Source: File)

Jeff Bezos, laminitis and president of Amazon, began his vocation successful 1994 and served arsenic CEO until July 2021. Bezos held the rubric of the world’s richest idiosyncratic connected Forbes from 2018 to 2021 but slipped to the 2nd spot successful 2022.

In March 2024, Bezos and Elon Musk alternated betwixt the 2nd and 3rd positions, reflecting the banal terms fluctuations of Amazon and Tesla.

3. Bernard Arnault

Bernard Arnault (Source: Getty Images)

Bernard Arnault, CEO and president of LVMH reclaimed the apical spot arsenic the richest idiosyncratic successful the archetypal fractional of 2023 and 2024, surpassing Elon Musk; however, helium slipped to 4th spot successful precocious 2024.

Under Arnault’s leadership, LVMH grew into a planetary powerhouse with implicit 70 luxury brands, including Louis Vuitton, Christian Dior, Moet & Chandon, Sephora, and Tiffany & Co.