Meet the 16 members of the $100 billion club — who are jointly worth more than Amazon or Google

Meet the 16 members of the 0 billion club — who are jointly worth more than Amazon or Google

Jeff Bezos, Elon Musk, Bernard Arnault, and Bill Gates are all members of the $100 billion club.

Mandel Ngan, Britta Pedersen, Nicholas Kamm/Getty Images; Elaine Thompson/AP

The elite group worth more than $100 billion includes Elon Musk, Jeff Bezos, and Bill Gates.
The 16 members have grown about $414 billion richer this year and are jointly worth $2.4 trillion.
Walmart heirs Jim and Rob Walton joined the club this month and their sister could soon follow.

Elon Musk, Jeff Bezos, and Mark Zuckerberg are among the handful of people on the planet with a net worth 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, such as Warren Buffett, would be much richer if they didn’t give billions to charity.

There may be only 16 centibillionaires, but their combined wealth is around $2.4 trillion, according to the Bloomberg Billionaires Index. They’re worth more than Amazon or Google-parent Alphabet, which command market values of around $2 trillion each.

All but one of them have grown richer this year, adding a net $414 billion to their collective fortunes. Procter & Gamble ($409 billion), Costco ($406 billion), and Johnson & Johnson ($398 billion) are all worth less than that.

Walmart heirs Jim and Rob Walton joined the exclusive group this month thanks to their net worths surging by over $29 billion this year. Their sister, Alice, could soon follow given her net worth stands at $99.5 billion.

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.

All figures are correct as of September 16, 2024.

1. Elon Musk

Elon Musk smiling. — REUTERS/Danny Moloshok

Net worth: $251 billion

YTD change in wealth: +$21.7 billion

Source of wealth: Tesla and SpaceX stock

Elon Musk is the CEO of the electric-vehicle maker Tesla and the 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

Jeff Bezos sitting on a chair. — Jeff Bezos.
Amy Harris/Invision/AP

Net worth: $209 billion

YTD change in wealth: +$32.1 billion

Source of wealth: Amazon stock

Jeff 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.

3. Mark Zuckerberg

Mark Zuckerberg laughing. — Mark Zuckerberg.
Getty

Net worth: $186 billion

YTD change in wealth: +$58.3 billion

Source of wealth: Meta stock

Mark 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.

4. Bernard Arnault

Net worth: $180 billion

YTD change in wealth: -$27.8 billion

Source of wealth: LVMH stock

Bernard 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.

5. Larry Ellison

Larry Ellison speaking into a microphone and pointing upward. — Oracle cofounder Larry Ellison.
Justin Sullivan/Getty Images

Net worth: $174 billion

YTD change in wealth: +$50.8 billion

Source of wealth: Oracle and Tesla stock

Larry 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 more than 10 times his money on paper by the time his term as a director ended in August 2022.

6. Bill Gates

Bill Gates smiling. — John Lamparski/Getty Images

Net worth: $161 billion

YTD change in wealth: +$20.1 billion

Source of wealth: Microsoft stock

Bill Gates is the cofounder and former CEO of Microsoft, which makes the Office application suite, the 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.

7. Steve Ballmer

Steve Ballmer waving — Microsoft CEO Steve Ballmer
REUTERS/Lee Jae-Won

Net worth: $149 billion

YTD change in wealth: +$18.3 billion

Source of wealth: Microsoft stock

Steve 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 now worth more than $120 billion. He promptly bought the Los Angeles Clippers for $2 billion and remains the basketball team’s owner.

8. Larry Page

Seth Wenig/AP

Net worth: $143 billion

YTD change in wealth: +$16.2 billion

Source of wealth: Alphabet stock

Larry 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 such as YouTube and Waymo.

9. Warren Buffett

Warren Buffett eating an ice cream. — Berkshire Hathaway chairman and CEO Warren Buffett enjoys an ice cream treat from Dairy Queen before the Berkshire Hathaway annual meeting in Omaha, Nebraska.
Reuters/Rick Wilking

Net worth: $141 billion

YTD change in wealth: +$21.4 billion

Source of wealth: Berkshire Hathaway stock

Warren 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 $145 billion.

The famed investor’s conglomerate owns scores of businesses, including GEICO, See’s Candies, and BNSF Railway, and holds multibillion-dollar stakes in public companies such as Apple and Coca-Cola.

Buffett has gifted around half of his Berkshire shares to the Gates Foundation and four family foundations since 2006. All else being equal, if he’d retained all his stock he would be the world’s wealthiest person with a net worth over $300 billion.

10. Sergey Brin

Net worth: $134 billion

YTD change in wealth: +$14.4 billion

Source of wealth: Alphabet stock

Sergey 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. Mukesh Ambani

Mukesh Ambani smiling. — REUTERS/Denis Balibouse

Net worth: $112 billion

YTD change in wealth: +$15.3 billion

Source of wealth: Reliance Industries stock

Mukesh Ambani is the chairman and managing director of Reliance Industries and Asia’s richest person.

His father, Dhirubhai Ambani, founded Reliance and trusted Mukesh to grow the conglomerate’s petrochemicals business and expand into new areas such as telecommunications.

Mukesh threw a star-studded, multi-event wedding ceremony for his son Anant Ambani this summer.

12. Amancio Ortega

Net worth: $111 billion

YTD change in wealth: +$23.6 billion

Source of wealth: Inditex stock

Amancio Ortega is the founder and former chairman of Inditex, a fashion retail group home to brands such as 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.

13. Michael Dell

Net worth: $108 billion

YTD change in wealth: +$29.5 billion

Source of wealth: Dell stock

Michael Dell is the founder, chairman, and CEO of the eponymous computer maker. Dell stock has ballooned from below $40 in March last year to upwards of $110, valuing the company at over $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. Jensen Huang

Nvidia CEO Jensen Huang.
Mohd Rasfan/AFP/Getty Images

Net worth: $104 billion

YTD change in wealth: +$60.4 billion

Source of wealth: Nvidia stock

Jensen Huang cofounded Nvidia in 1993, but the microchip maker has become a market darling within the past two years 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 $2.9 trillion and making Huang one of the richest people in the world.

15. Jim Walton

Net worth: $102 billion

YTD change in wealth: +$29.9 billion

Source of wealth: Walmart stock

Jim Walton is the youngest son of Walmart founder Sam Walton, who gave each of his four children a 20% stake in the budding retail business over 70 years ago. Jim and his two surviving siblings, Rob and Alice, each still own over 11% of the company.

Jim’s net worth crossed $100 billion this month thanks to the retailer’s stock soaring 53% this year.

16. Rob Walton

Rob Walton on stage — Rick T. Wilking/Getty Images

Net worth: $101 billion

YTD change in wealth: +$29.3 billion

Source of wealth: Walmart stock

Rob Walton, Sam Walton’s eldest, sat on Walmart’s board for more than 40 years before retiring this June.

His net worth passed $100 billion for the first time last week, making him the second Walton to join the club after his younger brother, Jim. Their sister, Alice, is poised to follow them given her $99.5 billion net worth.

Read the original article on Business Insider

This article was originally published by Theron Mohamed at All Content from Business Insider (https://www.businessinsider.com/wealth-billionaires-musk-bezos-zuckerberg-net-worth-jensen-huang-waltoans-2024-8).

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