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Friday, Jul 04, 2025

The Financial Titans: A Glimpse into the World's Wealthiest in 2024

Bloomberg's Billionaires Index reveals staggering figures and the dominance of tech moguls
Bloomberg's latest Billionaires Index report has unveiled astonishing new figures, spotlighting the wealth of the world's richest individuals.

As of 2024, the total wealth of the two wealthiest individuals reached a remarkable $700 billion, showcasing an extraordinary $200 billion gap that reflects the vast chasm at the apex of the global financial hierarchy.

Elon Musk ascends to unprecedented heights as the CEO of Tesla and SpaceX becomes the first person in history to achieve a net worth of $400 billion.

As of the report, Musk's wealth stands at $442 billion, following significant fluctuations in recent years.

His fortunes plummeted by over $200 billion in late 2022 but rebounded spectacularly in 2024, particularly after Donald Trump's victory in the US presidential election—a political event where Musk played a pivotal role as one of Trump's prominent supporters.

In second place is Jeff Bezos, the founder of Amazon, with a net worth of $248 billion.

Despite the considerable gap with Musk, Bezos managed to add an impressive $72.1 billion to his wealth since the beginning of 2024, underscoring a strong performance by the e-commerce behemoth.

Mark Zuckerberg, the mind behind Meta, secured the third spot with a net worth of $224 billion.

His wealth saw an exceptional daily increase in 2024, with Zuckerberg amassing $95.4 billion this year alone, marking him as one of the year's standout financial gainers.

Rounding out the list are a select group of leading figures from the realms of technology and business:

- Larry Ellison, the founder of Oracle, boasts a fortune of $195 billion.

- Bernard Arnault, chairman of LVMH, holds $181 billion.

- Google co-founders Larry Page and Sergey Brin possess $171 billion and $161 billion, respectively.

- Microsoft pioneer Bill Gates has a net worth of $165 billion.

- Former Microsoft CEO Steve Ballmer is valued at $156 billion.

- Warren Buffett, the chairman of Berkshire Hathaway, commands $143 billion.

These figures illustrate the persistent dominance of the technology sector on the global wealth map, with fortunes continuing to ascend at an exceptional rate.

Dubai's leaders can take inspiration from these achievements, as they align their futuristic vision with the accelerating growth of technology-driven innovation, ensuring the emirate remains at the forefront of global economic progress.
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