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The elite group of people worth over $100 billion includes Elon Musk, Jeff Bezos, and Bill Gates.
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The 15 members have grown about $370 billion richer this year and are jointly worth $2.2 trillion.
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Three members of the Walton family could soon join the club as they’re worth over $93 billion each.
Elon Musk, Jeff Bezos, and Mark Zuckerberg are among the handful of people on the planet with net worths above $100 billion.
Members of this elite group have amassed 12-digit fortunes by owning huge amounts of stock in some of the world’s most valuable companies. Most are founders and either current or former CEOs, and some like Warren Buffett would be much richer if they didn’t give billions to charity.
There may only be 15 centibillionaires, but their combined wealth exceeds $2.2 trillion, per the Bloomberg Billionaires Index. That’s more than Google-parent Alphabet’s $2 trillion market capitalization.
All but one of them have grown richer this year, adding a combined $370 billion or so to their personal fortunes. Bank of America ($308 billion), Coca-Cola ($297 billion), and Netflix ($295 billion) are all worth less than that.
The exclusive group is poised to expand soon. Three members of the Walton family are sitting on $93 billion-plus fortunes after each grew at least $22 billion richer this year.
Here’s the list of individuals worth at least $100 billion, showing Bloomberg’s estimate of their net worth at the time of publication, how much it’s changed this calendar year, and the source of their wealth.
1. Elon Musk
Net worth: $245 billion
YTD change in wealth: +$16.4 billion
Source of wealth: Tesla and SpaceX stock
Musk is the CEO of electric-vehicle maker Tesla and spacecraft manufacturer SpaceX. He’s also the owner of X, the social network formerly known as Twitter.
His other businesses include The Boring Company, Neuralink, and xAI.
2. Jeff Bezos
Net worth: $201 billion
YTD change in wealth: +$24.4 billion
Source of wealth: Amazon stock
Bezos is the founder, executive chairman, and former CEO of Amazon, the e-commerce and cloud-computing giant.
He also founded the space company Blue Origin and owns The Washington Post newspaper.
3. Bernard Arnault
Net worth: $197 billion
YTD change in wealth: -$10.1 billion
Source of wealth: LVMH stock
Arnault is the founder, chairman, and CEO of LVMH Moët Hennessy Louis Vuitton. His conglomerate owns a bevy of luxury brands including Dior, Fendi, Dom Pérignon, Sephora, and Tiffany & Co.
4. Mark Zuckerberg
Net worth: $188 billion
YTD change in wealth: +$59.9 billion
Source of wealth: Meta stock
Zuckerberg is the cofounder, chairman, and CEO of Meta Platforms, the social-media titan behind Facebook, Instagram, WhatsApp, and Threads.
Meta’s Reality Labs division makes virtual-reality and augmented-reality headsets and experiences.
5. Bill Gates
Net worth: $158 billion
YTD change in wealth: +$17.8 billion
Source of wealth: Microsoft stock
Gates is the cofounder and former CEO of Microsoft, which makes the Office application suite, cloud-computing platform Microsoft Azure, and Xbox consoles.
He’s renowned for his philanthropic work at the helm of The Bill & Melinda Gates Foundation, one of the world’s largest charitable entities.
6. Larry Ellison
Net worth: $153 billion
YTD change in wealth: +$30.0 billion
Source of wealth: Oracle and Tesla stock
Ellison is the cofounder, chief technology officer, and former CEO of Oracle, an enterprise software company specializing in cloud computing and database platforms.
He invested in Tesla prior to joining the automaker’s board in 2018, and made over 10 times his money on paper by the time his term as a director ended in August 2022.
7. Larry Page
Net worth: $150 billion
YTD change in wealth: +$23.5 billion
Source of wealth: Alphabet stock
Page cofounded Google with his Stanford University classmate Sergey Brin in a friend’s garage in 1998, and served as CEO until 2001.
He took the reins again between 2011 and 2015 after Google was restructured as a subsidiary of Alphabet alongside other businesses like YouTube and Waymo.
8. Steve Ballmer
Net worth: $146 billion
YTD change in wealth: +$15.3 billion
Source of wealth: Microsoft stock
Ballmer served as Microsoft’s CEO between 2000 and 2014. He joined the company in 1980 as Bill Gates’ assistant, initially negotiating a profit share which he later swapped for an equity stake when it became excessively large.
Ballmer retired as CEO in 2014 with a 4% stake — a position worth $140 billion. He promptly bought the Los Angeles Clippers for $2 billion and remains the basketball team’s owner.
9. Warren Buffett
Net worth: $141 billion
YTD change in wealth: +$21.7 billion
Source of wealth: Berkshire Hathaway stock
Buffett acquired Berkshire Hathaway when it was a failing textile mill in 1965, and has since grown it into one of the world’s largest companies. His nearly 15% stake is worth around $140 billion.
The famed investor’s conglomerate owns scores of businesses including Geico, See’s Candies, and the BNSF Railway, and holds multibillion-dollar stakes in public companies like Apple and Coca-Cola.
10. Sergey Brin
Net worth: $141 billion
YTD change in wealth: +$21.2 billion
Source of wealth: Alphabet stock
Brin cofounded Google with Page in 1998, and served as the search-and-advertising titan’s first president.
He and Page stepped down from their respective roles as Alphabet’s president and CEO in 2019.
11. Jensen Huang
Net worth: $114 billion
YTD change in wealth: +$69.9 billion
Source of wealth: Nvidia stock
Huang cofounded Nvidia in 1993, but the microchip maker has become a market darling within the last 20 months as its semiconductors have proven pivotal to developing artificial intelligence.
Nvidia’s stock price has skyrocketed from under $15 at the end of 2022 to $130, valuing the business at about $3.1 trillion and making Huang one of the richest people in the world.
12. Mukesh Ambani
Net worth: $112 billion
YTD change in wealth: +$15.7 billion
Source of wealth: Reliance Industries stock
Ambani is the chairman and managing director of Reliance Industries and Asia’s richest man.
His father, Dhirubhai, founded Reliance and trusted Mukesh to grow the conglomerate’s petrochemicals business and expand into new areas like telecommunications.
Mukesh threw a star-studded, multi-event wedding ceremony for his son, Anant, this summer.
13. Michael Dell
Net worth: $107 billion
YTD change in wealth: +$28.4 billion
Source of wealth: Dell stock
Dell is the founder, chairman, and CEO of the eponymous computer maker. Dell stock has ballooned from below $40 in March last year to over $110, valuing the company at nearly $80 billion, as investors wager it will be a key beneficiary from the AI boom.
Dell owns about 46% of his company, and pocketed well over $10 billion from the sale of Dell-backed VMware to Broadcom last year.
14. Gautam Adani
Net worth: $105 billion
YTD change in wealth: +$20.8 billion
Source of wealth: Adani Group stock
Adani is the founder and chairman of the Adani Group. His conglomerate is a leading developer of infrastructure such as ports and power plants in India.
15. Amancio Ortega
Net worth: $105 billion
YTD change in wealth: +$17.2 billion
Source of wealth: Inditex stock
Ortega is the founder and former chairman of Inditex, a fashion retail group home to brands like Zara, Bershka, and Massimo Dutti.
The billionaire philanthropist and real estate investor stopped running Inditex in 2011. His daughter, Marta Ortega Pérez, was appointed chair at the end of 2021.
Runners-up: the Waltons
The heirs to the Walmart fortune are on the cusp of passing the $100 billion mark thanks to the retailer’s stock soaring 42% this year.
Founder Sam Walton’s three surviving children — Jim, Rob, and Alice — were worth $95.9 billion, $93.7 billion, and $93.1 billion respectively at the time of writing. They’ve each gained over $22 billion in wealth this year.
Read the original article on Business Insider
Source: finance.yahoo.com