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No 1 Richest Man In the world
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Elon Musk is the richest person in the
world, a title he reclaimed in late May 2024.
His fortune rose by $3 billion over the past
month. Bernard Arnault remains the world's
No. 3 richest, unchanged from a month
ago.

Elon Musk remains at No. 1. But the ups and
downs of tech stocks shuffled the ranks of
others among the world’s top 10 richest, with
Larry Ellison falling a notch while Bill Gates
overtook the Google cofounders.

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Elon Musk holds his spot as the world's
richest person. <center>
>

Key Takeaways

</center>

Elon Musk is the richest person in the
world, a title he reclaimed in late May
2024. His fortune rose by $3 billion
over the past month. 
Bernard Arnault remains the world’s
No. 3 richest, unchanged from a
month ago. He had been the world’s
richest person from February through
late May this year. 
Warren Buffett of Berkshire Hathaway
ranks No. 6, up from No. 7 in early
August. 
9/10 of the richest people in the
world are Americans, including Jeff
Bezos, Larry Ellison and Bill Gates. 
All of the top ten richest people as of
September 1 are men, and each of
them is worth $100 billion or more.
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For the second month in a row, gyrating tech
stocks rearranged the ranking of more than
half of the world’s ten richest people. As a
result, Meta CEO Mark Zuckerberg swapped
places with Larry Ellison to beome the world’s
fourth richest person again, Warren Buffett
moved ahead of Google cofounder Larry Page,
and Bill Gates overtook both of the Google
cofounders to become the world’s seventh
richest person—up two spots in a month—as
of the stroke of midnight on September 1.

Elon Musk maintained his spot as the world’s
richest person, worth an estimated $243.7
billion, $3 billion more than a month ago
following an increase in the value of rocket
firm SpaceX. Lately, Musk has been a vocal
critic of a Brazilian Supreme Court judge over
a ruling that froze bank accounts for his
Starlink satellite internet business. Regulators
in Brazil moved to shut down X on August 30
to comply with a Brazilian judge’s order. 
The biggest gainer in the past month was
Zuckerberg. His fortune rose by nearly $14
billion to an estimated $180.5 billion as Meta
Platforms’ shares climbed 9% during August.
That gain moved him ahead of Oracle
Chairman Larry Ellison to rank the Meta CEO
as No. 4 richest in the world. He’s traded
places with Ellison several times throughout
the year so far. 
The biggest loser of this elite cohort in the
past month was Amazon chairman Jeff
Bezos. His fortune fell by $7.8 billion to $197
billion due to a drop in Amazon shares.
Despite the decline, Bezos held onto his rank
as No. 2 richest. But the gap between Musk
and Bezos widened to nearly $47 billion on
September 1, from just under $36 billion at
the start of August. 
Gates’s move to No. 7 richest—up from No. 9
a month ag0—was partly due to a drop in the
price of Google-parent Alphabet shares, which
shaved a bit more than $6 billion off the
fortunes of Google cofounders Larry Page and
Sergey Brin, now ranked No. 8 and 9,
respectively
Together the world’s top 10 richest are worth
a combined $1.66 trillion—about $31 billion
more than a month ago. 
Forbes has been keeping track of the world’s
billionaires since 1987. In April we
found 2,781 of them for our annual list.
Here are the 10 richest people on Earth as of
September 1, 2024 at 12 a.m. Eastern time,
according to Forbes. Stock prices fluctuate
routinely, so these net worths may change on
a daily basis. Forbes tracks the daily changes
on our Real Time list of billionaires . <h3>
Who are the top 10 richest people in the
world?*</h3>
1. Elon Musk 
2. Jeff Bezos 
3. Bernard Arnault 
4. Mark Zuckerberg 
5. Larry Ellison 
6. Warren Buffett 
7. Bill Gates 
8. Larry Page 
9. Sergey Brin 
10. Steve Ballmer <h3>
1. Elon Musk</h3>
Net worth: $243.7 billion
Source: Tesla, SpaceX, X (Twitter)
Age: 53
Residence: Austin, Texas
Citizenship: U.S.
 
Musk is CEO of electric car company Tesla
and rocket firm SpaceX; chairman and CTO of
social media company X, formerly known as
Twitter; and founder of artificial intelligence
firm xAI. He owns 13% of Tesla stock and
has pledged some of his stock as collateral
for loans. The electric car maker’s
shareholders voted in June in favor of Musk
keeping nearly $50 billion of performance
based stock options in what a Delaware judge
had earlier called “the largest potential
compensation opportunity ever observed in
public markets,” when she voided the award
this January. But the matter won’t be resolved
anytime soon. A lengthy appeal of the
Delaware ruling is likely to follow.

Until Musk 
receives those options, Forbes willcontinue to
discount the Tesla options from the pay
package by 50%. In the meantime, Musk’s
fortune rose by $3 billion in the past month,
partly due to the increased value of his 42%
stake in rocket firm SpaceX. 
Originally from South Africa, Musk moved to
Canada before his 18th birthday, worked a
variety of jobs, enrolled at Queen’s University
in Ontario and then transferred to University
of Pennsylvania, where he earned a bachelor’s
degree in economics. 
In 2000, he merged an online bank he
cofounded, X.com with a similar outfit
cofounded by Peter Thiel to form PayPal,
which eBay bought in 2002 for $1.4 billion. He
founded SpaceX in 2002 in El Segundo, near
Los Angeles. In 2004 he joined Tesla as an
investor and chairman, a year after it was
founded; he was later granted the cofounder
title. Musk, who became CEO of Tesla in
2008, took the company public in 2010. 
 
Its
market capitalization soared during 2020 and
2021. In September 2021, Musk became the
world’s richest person. In November 2021, his
fortune peaked at a whopping $320 billion.
Musk was also the world’s richest person for
most of 2022—until December 2022, when a
drop in Tesla’s share price pushed down the
value of his fortune. 
Musk became the world’s richest
person again on June 8, 2023 and held onto
the number one spot for the remainder of
2023. He fell to No. 2 on January 31, 2024.
Musk became the world’s richest
person again in late May 2024, after his
startup xAI raised $6 billion from private
investors at a $24 billion valuation. He owns
an estimated 60% of the company.
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