Several billionaires in 2024 saw their wealth grow exponentially, aided primarily by the performance of their companies’ shares, developments in emerging industries like technology, artificial intelligence, and space exploration. For example, Mark Zuckerberg’s net worth increased by $94.8 billion, fuelled by Meta’s advancements in the metaverse and artificial intelligence technologies, which attracted renewed investor interest. (Image: Shutterstock)
Other billionaires expanded their fortunes through a mix of diversified investments and strong performances in their respective sectors. Larry Ellison saw his wealth grow by $72.5 billion, thanks to Oracle’s continued success in cloud computing and enterprise solutions. His investments in real estate and tech startups also added to his fortunes. On Similar lines, let’s take a look at billionaires who added the most wealth to their net worth in 2024. (Data as of December 12, 2024) (Image: Shutterstock)
No 1. Elon Musk | Elon Musk continues to lead the world’s billionaires with a staggering net worth of $442.3 billion. In 2024, Musk’s wealth surged by $213.2 billion, primarily driven by the soaring value of Tesla and SpaceX. His remarkable increase in wealth has cemented his position as the wealthiest individual globally. (Image: Reuters)
No 2. Jeff Bezos | Jeff Bezos ranks second with a net worth of $247.9 billion, gaining $71 billion in 2024. Bezos’s wealth remains heavily influenced by Amazon’s stock performance, with his ventures in space exploration through Blue Origin also contributing to his financial growth. Despite stepping down from Amazon’s CEO position, Bezos’s financial clout continues to rise. (Image: Reuters)
No 3. Mark Zuckerberg | Mark Zuckerberg, with a net worth of $222.9 billion, saw a $94.8 billion increase in 2024. His fortune has grown significantly due to the resurgence of Meta Platforms, driven by its investments in the metaverse and artificial intelligence. Zuckerberg’s aggressive focus on new technologies has boosted his standing among the wealthiest individuals. (Image: Reuters)
No 4. Larry Ellison | Oracle co-founder Larry Ellison has a net worth of $195.4 billion, earning $72.5 billion in 2024. Ellison’s wealth is mainly derived from Oracle’s strong market position in cloud computing and his stakes in various tech companies. His continued success in technology and diversification into real estate and other ventures has solidified his position among the top billionaires. (Image: Reuters)
No 5. Larry Page | Google co-founder Larry Page now holds a net worth of $171.1 billion, with a $44.7 billion increase in 2024. The growth in his wealth comes from Alphabet’s diverse portfolio of ventures in areas such as artificial intelligence and cloud computing. Page’s innovative work in the tech industry continues to propel his wealth upwards. (Image: Reuters)
No 6. Jim Walton | Jim Walton (Left), part of the Walton family that owns Walmart, has a net worth of $116.5 billion after a $43.9 billion rise in 2024. As a major shareholder in Walmart, his wealth benefits from the retailer’s performance, alongside investments in real estate. Walton’s consistent financial gains solidify his position among the wealthiest individuals. (Image: Reuters)
No 7. Alice Walton | Alice Walton, the daughter of Walmart founder Sam Walton, has a net worth of $113.3 billion, growing by $43.2 billion in 2024. Her wealth is rooted in the Walton family’s vast Walmart holdings, and she also invests heavily in art and philanthropy. Walton’s strong financial position continues to expand thanks to her involvement in both business and cultural pursuits. (Image: Reuters)
No 8. Rob Walton | Rob Walton, another Walton family member, holds a net worth of $114 billion, having gained $42.8 billion in 2024. Like his siblings, his wealth is primarily tied to Walmart, but he has also expanded his fortune with real estate and other business ventures. Walton’s growing wealth underscores the continued dominance of the Walmart legacy in the family. (Image: Reuters)
No 9. Sergey Brin | Sergey Brin, co-founder of Google, has a net worth of $161 billion after an increase of $41 billion in 2024. Brin’s wealth continues to grow as Alphabet’s various projects, including advancements in AI and self-driving technology, show significant promise. His innovative contributions to the tech world keep him in the ranks of the world’s richest individuals. (Image: Reuters)
No 10. Michael Dell | Michael Dell, founder of Dell Technologies, boasts a net worth of $114.6 billion, with a gain of $36.1 billion in 2024. His fortune is tied to the success of his tech company, which remains a key player in computing and enterprise solutions. Dell’s continued leadership in the tech industry has led to steady growth in his wealth. (Image: Reuters)
No 11. Changpeng Zhao | Changpeng Zhao, the founder of Binance, holds a net worth of $63.2 billion, seeing an increase of $28.9 billion in 2024. Zhao’s wealth has skyrocketed due to the booming cryptocurrency market, with Binance being a dominant player in the global exchange space. His entrepreneurial leadership in the crypto sector positions him as one of the fastest-growing billionaires. (Image: Reuters)