1. Elon Musk – $353 billion
Elon Musk owns a large part of X, formerly Twitter – the social media platform he bought for $44 billion at the end of 2022
The South African businessman’s wealth is tied to the success of Tesla, his electric car company.
Musk also owns most of X, formerly Twitter – the social media platform he bought for $44 billion in late 2022.
He also owns a large portion of Space X and has stakes in brain implant company Neuralink and The Boring Company.
2. Jeff Bezos – $238 billion
Bezos owns retail giant Amazon, The Washington Post and Blue Origin
The American businessman is chairman and founder of Amazon, which he launched from his garage in Seattle in 1994.
The retail giant is now considered a technology company because much of its profits are generated through its cloud computing service AWS.
Bezos also owns The Washington Post and Blue Origin, a space company that develops rockets.
The tycoon said in a 2022 interview with CNN that he plans to give away most of his wealth during his lifetime, although he did not provide specific details.
3. Mark Zuckerberg – $217 billion
Mark Zuckerberg, 40, is among the youngest of the billionaire tech moguls
The founder of Facebook started the social media platform in 2004 as a 19-year-old student at Harvard.
One of the youngest tech magnates, the 40-year-old took his company public in 2012.
The company acquired Instagram and Zuckerberg changed its name to Meta in 2021 to shift focus to the metaverse.
Zuckerberg is a co-owner of Meta and shares in the company nearly tripled in value last year.
4. Larry Ellison – $203 billion
Larry Ellison started his career as a programmer, but soon decided he wanted to work for himself
Another tech founder, Larry Ellison, made his wealth through Oracle, one of the largest software companies in the world.
The New York native started his career as a programmer, but soon decided he wanted to work for himself.
He teamed up with two friends to create a new kind of database management system that would be more efficient than its competitors.
Oracle was an instant success in the 1980s and has remained one of the leading software companies, with revenues of $53 billion in fiscal 2024.
Ellison also has a company that owns two luxury resorts on the Hawaiian island of Lanai and has invested heavily in Tesla.
5. Bernard Arnault – $187 billion
Bernard Arnault, 75, is the CEO of French luxury conglomerate LVMH
Arnault is CEO and chairman of French luxury conglomerate LVMH, which owns well-known brands including Louis Vuitton, Tiffany & Co and Dom Pérignon.
But most of his fortune is driven by his 97.5 percent stake in Christian Dior, according to Bloomberg.
In 2022, the 75-year-old entrepreneur increased LMVH’s mandatory retirement age to 80, giving him control for another five years.
His five children all work at LVHM and its brands.
Source: Bloomberg Billionaires Index
Note: The list of billionaires may change daily as the rankings are based on stock valuations.