Who are the 10 richest people in the world in 2024?

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 Jeff Bezos, Elon Musk and Bernard Arnault  .
Jeff Bezos, Elon Musk and Bernard Arnault . | Credit: Getty Images

Elon Musk's status as the world's wealthiest man remains unchallenged as he continues to sit atop the Bloomberg Billionaires Index.

The Tesla owner – currently embroiled in a legal battle over a $56 billion pay package approved by the firm's shareholders but blocked by a court ruling – has a net worth of $384 billion, putting him $140 billion dollars ahead of his closest rival, Amazon founder Jeff Bezos.

Musk's close friendship with US President-elect Donald Trump has earned him the nickname "the First Buddy" and sealed his status as America's premier plutocrat. But, while he sits comfortably ahead of his rivals in the wealth list, he certainly won't be the lonely rich guy in the Trump administration. Musk, who is lined up to head a new non-governmental Department of Government Efficiency, is among a host of billionaires or centi-millionaires Trump has tapped for top positions, including four Cabinet posts and the directorship of Nasa.

US think-tank the Institute for Policy Studies has warned of the emergence of an "oligarchic" elite, "endowed with extreme material power that can be used to pursue narrow political interests at the expense of democratic majorities". Its analysis estimates that the 12 richest men in the US are now worth a collective $2 trillion.

1. Elon Musk: $384 billion

Donald Trump and Elon Musk watch the launch of a SpaceX Starship test flight in Brownsville, Texas
Donald Trump and Elon Musk watch the launch of a SpaceX Starship test flight in Brownsville, Texas

Elon Musk is known as the eccentric and outspoken chief executive of electric car giant Tesla, founder and CEO of SpaceX, owner of social media platform X, formerly Twitter, and prominent backer of Donald Trump.

His vast wealth derives from his 13% stake in Tesla and shares in SpaceX, which has seen a string of successes in the last year, said Forbes.

At the start of the year Tesla stock dropped nearly 30%, but it rallied in the second half of the year, and soared in the immediate aftermath of the US election, lifting the company's market cap to an estimated $1.29 trillion.

The good times look set to continue for Musk, with his new role as efficiency tsar in the new Trump administration putting him in prime position to "reduce regulatory authority so that he can eliminate impediments to his sprawling business empire", said CNBC.

Even before the election, CNN reported that the Tesla and X boss was on course to become the world's first trillionaire by 2027 – a landmark that could now be reached much sooner.

2. Jeff Bezos: $244 billion

Jeff Bezos
Jeff Bezos

Former hedge fund manager Jeff Bezos started Amazon in his garage in 1994, growing it into one of the most profitable companies in the world. He has invested heavily in space technology too, having founded Blue Origin as a "pet project" back in 2000. After stepping down as Amazon CEO he took on the new role of executive chair.