The $100 Billion Club: These 14 People Have 12-Figure Fortunes in 2024

Membership in the $100 Billion Club is one of the most exclusive in the world, reserved for those who have amassed fortunes that defy conventional imagination. In 2024, the number of individuals reaching this remarkable milestone has soared to 14—a significant increase from just six last year and a single member in 2020. Collectively, this group holds $2 trillion in wealth, representing 14% of all billionaire wealth globally.

This article takes a closer look at these 14 financial titans, showcasing how they achieved their status and what propelled them to the pinnacle of wealth. From tech innovators to investment legends, the members of the $100 Billion Club highlight the power of strategic vision and innovation.

• Net Worth: $233 billion
• Source of Wealth: LVMH
• Citizenship: France

Leading the global pack is Bernard Arnault, chairman and CEO of LVMH. For the second consecutive year, Arnault has secured his position as the world’s richest individual, amassing a fortune of $233 billion. LVMH, the luxury conglomerate encompassing brands like Louis Vuitton, Christian Dior, and Sephora, reported record profits of $16.5 billion on $94 billion in revenue last year. Arnault’s strategic leadership, which included integrating his sons Alexandre and Frédéric into LVMH’s board, has ensured continued family control and robust growth.

• Net Worth: $195 billion
• Source of Wealth: Tesla, SpaceX
• Citizenship: U.S.

Elon Musk’s dynamic journey through financial highs and lows sees him holding the second spot in the $100 Billion Club. Despite significant fluctuations—partly due to the 70% decline in the value of X (formerly Twitter) and a 57% drop in Tesla shares since their late 2021 peak—Musk’s wealth is underpinned by SpaceX, which saw its valuation soar 80% to $180 billion. In January, a Delaware judge voided a substantial Tesla stock options award, complicating Musk’s financial picture, but his bold approach keeps him at the forefront of global wealth.

• Net Worth: $194 billion
• Source of Wealth: Amazon
• Citizenship: U.S.

Jeff Bezos remains one of the most formidable figures in the billionaire world, securing the third position with a net worth of $194 billion. This year, Amazon shares surged by 93%, driven by strategic cost-cutting measures, including 27,000 job cuts, and significant growth in its e-commerce and cloud divisions. Bezos’ recent move to sunny Florida, where he purchased properties worth $150 million on the exclusive “billionaire bunker” island, underscores his enduring wealth and status as a top member of the $100 Billion Club.

• Net Worth: $177 billion
• Source of Wealth: Meta (Facebook)
• Citizenship: U.S.

Mark Zuckerberg’s wealth recovery has been nothing short of remarkable. Meta’s stock nearly tripled in value over the past year, adding $112.6 billion to his fortune and making him the fourth richest individual globally. This resurgence came after significant restructuring, including layoffs affecting nearly a quarter of the workforce, and substantial investments in AI and the metaverse. At 39, Zuckerberg is now wealthier than ever and a prime example of the comeback power in the tech sector.

• Net Worth: $141 billion
• Source of Wealth: Oracle
• Citizenship: U.S.

Larry Ellison, co-founder and chairman of Oracle, experienced significant wealth growth, reaching $141 billion. Oracle’s focus on cloud computing services amid the AI boom pushed its stock up by 34%, contributing to Ellison’s $34 billion increase in wealth. Though his stake in X (formerly Twitter) saw a reduction in value, Ellison’s core holdings in Oracle and substantial dividend payouts kept his wealth robust and rising.

• Net Worth: $133 billion
• Source of Wealth: Berkshire Hathaway
• Citizenship: U.S.

Investment legend Warren Buffett, CEO of Berkshire Hathaway, continues to show why he’s considered one of the greatest investors of all time. His company’s shares climbed by 30%, propelling his wealth to $133 billion. A notable highlight this year was Buffett’s acquisition of the remaining 20% of Pilot Travel Centers for $2.6 billion. Although his longtime business partner, Charlie Munger, passed away at 99, Buffett’s strategies have solidified his place in this exclusive club.

• Net Worth: $128 billion
• Source of Wealth: Microsoft
• Citizenship: U.S.

Bill Gates, co-founder of Microsoft, has seen his net worth remain near historical highs, despite ranking lower than in previous years. His $128 billion fortune is partly due to Microsoft’s stock performance and ongoing investments in various tech ventures. Gates’ substantial philanthropy, which includes over $59 billion donated to charitable causes, has also played a role in his financial positioning.

• Net Worth: $121 billion
• Source of Wealth: Microsoft
• Citizenship: U.S.

Steve Ballmer, former CEO of Microsoft and owner of the Los Angeles Clippers, had a strong year, with his net worth increasing by $40 billion. Microsoft’s impressive stock gains and the rising value of the Clippers, now set to move into the $2 billion Intuit Dome, have bolstered Ballmer’s wealth. His strategic involvement in sports and tech has made him one of the most diversified members of the $100 Billion Club.

• Net Worth: $116 billion
• Source of Wealth: Diversified (Reliance Industries)
• Citizenship: India

Mukesh Ambani, chairman of Reliance Industries, made history as the first Asian to join the $100 Billion Club. His wealth reached $116 billion, driven by the success of his diversified conglomerate, which spans telecommunications, petrochemicals, and retail. Ambani’s influence extends beyond business; he hosted a three-day celebration for his son Anant’s wedding, attended by luminaries including Mark Zuckerberg and Bill Gates.

• Net Worth: $114 billion
• Source of Wealth: Google
• Citizenship: U.S.

Larry Page, co-founder of Google, remains one of the tech world’s most influential figures, even as he stays out of the public eye. His net worth reached $114 billion this year, thanks to Alphabet’s stock climbing 50%. While Page spends much of his time on private islands, his stake in the company continues to secure his position among the richest people on the planet.

• Net Worth: $110 billion
• Source of Wealth: Google
• Citizenship: U.S.

Sergey Brin, co-founder of Google, has seen his wealth increase alongside that of his partner, Larry Page. Brin stepped out of semi-retirement to contribute to Google’s AI initiatives, particularly the development of the Gemini chatbot, which played a part in Alphabet’s stock rise. His wealth now stands at $110 billion, affirming his enduring legacy in tech.

• Net Worth: $106 billion
• Source of Wealth: Bloomberg LP
• Citizenship: U.S.

Michael Bloomberg, co-founder of the financial media powerhouse Bloomberg LP, continues to accumulate wealth, reaching $106 billion. At 82, Bloomberg remains active in his business and philanthropy, with a commitment to donating his stake to Bloomberg Philanthropies. His strategic leadership has kept his company at the forefront of financial technology, reinforcing his place in the $100 Billion Club.

• Net Worth: $103 billion
• Source of Wealth: Zara (Inditex)
• Citizenship: Spain

Amancio Ortega, the fashion mogul behind Zara’s parent company, Inditex, has seen his net worth climb by $26 billion this year, reaching $103 billion. Inditex shares jumped 43%, reflecting Ortega’s continued success in the fast fashion market. His extensive real estate portfolio, valued at $20 billion, also plays a crucial role in his wealth.

• Net Worth: $102 billion
• Source of Wealth: Telecom
• Citizenship: Mexico

Carlos Slim Helú, once the richest person in the world, rounds out the $100 Billion Club with a net worth of $102 billion. His industrial and telecom empire, Grupo Carso, benefited from a 60% surge in share price and the strengthening Mexican peso. Despite dropping in the rankings, Slim’s wealth has reached new heights, securing his legacy as Mexico’s richest man.

Conclusion

The growth of the $100 Billion Club highlights the immense concentration of wealth among a select group of individuals. These billionaires have leveraged their vision, strategic investments, and leadership to build fortunes that exceed 12 figures. As the global economy continues to evolve, their stories offer insight into how innovation, resilience, and adaptability shape modern wealth.

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