World Stock Watch

The Exclusive $100 Billion Club: Meet the 17 Richest People in the World

In an elite group of individuals worth over $100 billion, 17 members have amassed a staggering combined wealth of $2.5 trillion. This year alone, their collective fortunes have grown by $504 billion, surpassing the market values of tech giants like Google-parent Alphabet and Amazon.

Who Are the Richest People in the World?

From tech moguls to retail heirs, the members of this exclusive club have built their fortunes through innovative businesses, strategic investments, and inheritance. The top five richest people in the world are:

1. Elon Musk: Net worth: $241 billion. Source of wealth: Tesla and SpaceX stock.
2. Jeff Bezos: Net worth: $212 billion. Source of wealth: Amazon stock.
3. Mark Zuckerberg: Net worth: $204 billion. Source of wealth: Meta stock.
4. Larry Ellison: Net worth: $184 billion. Source of wealth: Oracle and Tesla stock.
5. Bernard Arnault: Net worth: $177 billion. Source of wealth: LVMH stock.

New Entrants to the $100 Billion Club

This year, three new members joined the exclusive club: Jim, Rob, and Alice Walton, heirs to the Walmart fortune. Their net worths surged by over $30 billion each, thanks to the retailer’s stock soaring 54% this year.

Other Notable Members

Other notable members of the $100 billion club include:

• Bill Gates: Net worth: $162 billion. Source of wealth: Microsoft stock.
• Warren Buffett: Net worth: $147 billion. Source of wealth: Berkshire Hathaway stock.
• Jensen Huang: Net worth: $125 billion. Source of wealth: Nvidia stock.
• Michael Dell: Net worth: $116 billion. Source of wealth: Dell stock.

The Rise of Tech Fortunes

The rapid growth of tech companies has created a new wave of billionaires. Individuals like Elon Musk, Mark Zuckerberg, and Jensen Huang have built their fortunes through innovative businesses that have disrupted traditional industries.

The Power of Inheritance

Inheritance has also played a significant role in the creation of these massive fortunes. The Walton siblings, for example, inherited their father’s Walmart empire and have seen their net worths skyrocket as a result.

Conclusion

The $100 billion club is an exclusive group of individuals who have built their fortunes through innovative businesses, strategic investments, and inheritance. As the global economy continues to evolve, it will be interesting to see who joins this elite group next.