Money

The Richest People in the World in 2024

Published

3 months ago

February 21, 2024

Niccolo Conte

Article/Editing:

Bruno Venditti

See this visualization first on the Voronoi app.

The Richest People in the World in 2024

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The combined wealth of the 10 richest individuals in the world amounts to $1.44 trillion.

Using data from Forbes Real-Time Billionaires List, we provide a snapshot of the richest people in the world as of February 2024.

Bernard Arnault Ahead of Elon Musk

Bernard Arnault overtook Elon Musk as the richest person in 2024 due to a 21% decline in Musk’s wealth, from $245.3 billion to $194.6 billion.

The billionaire chairman and CEO of the global luxury goods company LVMH runs dozens of luxury brands such as Louis Vuitton, Sephora, and Tiffany & Co. The French businessman also has investments in businesses such as Netflix and ByteDance, the parent company of TikTok.

Rank	Name	Net Worth	Source	Country
1	Bernard Arnault & family	$212.1B	LVMH	🇫🇷 France
2	Elon Musk	$194.6B	Tesla, SpaceX	🇺🇸 United States
3	Jeff Bezos	$192.4B	Amazon	🇺🇸 United States
4	Mark Zuckerberg	$161.8B	Facebook	🇺🇸 United States
5	Larry Ellison	$144.0B	Oracle	🇺🇸 United States
6	Warren Buffett	$128.7B	Berkshire Hathaway	🇺🇸 United States
7	Bill Gates	$123.1B	Microsoft	🇺🇸 United States
8	Larry Page	$120.3B	Google	🇺🇸 United States
9	Steve Ballmer	$119.2B	Microsoft	🇺🇸 United States
10	Sergey Brin	$115.4B	Google	🇺🇸 United States

The cumulative net worth of the top five richest individuals grew 4% in 2023, to $904.9 billion.

Among women, the richest person, L’Oréal’s Françoise Bettencourt Meyers, saw her fortune grow by $1.2 billion in 2023.

In China, Zhong Shanshan, the chairman and founder of bottled water and beverage producer Nongfu Spring, remains the country’s richest person with a net worth of $60.5 billion.

In India, the list is topped by Mukesh Ambani. The chairman of Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail, and financial services, has a $102.1 billion fortune.

How Fortunes Have Changed

Just as in 2023, Mark Zuckerberg saw the most significant growth in his fortune among the top 10 richest individuals. The Facebook co-founder’s net worth surged by over $45 billion by February 2024 compared to November 2023, after Meta’s latest results far exceeded Wall Street’s expectations, sending its shares up.

Zuckerberg’s net worth growth of 39% moved him from 7th to 4th, overtaking Bill Gates, Warren Buffett, and Larry Ellison.

A list of the top 10 richest people in the world in 2024.

Meanwhile, Larry Ellison, Oracle’s chief technology officer and former CEO, saw his net worth retreat by $3 billion after the company reported disappointing revenue in 2023.

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Personal Finance

Mapped: The Income a Family Needs to Live Comfortably in Every U.S. State

Families in expensive states require over $270,000 annually to live comfortably.

Published

2 weeks ago

May 22, 2024

Bruno Venditti

A map showing the income that two working adults with two children need to live comfortably in each U.S. state.

The Income a Family Needs to Live Comfortably in Every U.S. State

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Families in the top five most expensive U.S. states require an annual income exceeding $270,000 to live comfortably.

This visualization illustrates the income necessary for two working adults with two children to maintain a comfortable lifestyle in each state.

“Comfortable” is defined as the income needed to cover a 50/30/20 budget, with 50% allocated to necessities like housing and utilities, 30% to discretionary spending, and 20% to savings or investments.

The calculations for family income needed in each state were done by SmartAsset, using the cost of necessities sourced from the MIT Living Wage Calculator, last updated on Feb. 14, 2024.

Massachusetts Tops the List

Massachusetts is the most expensive state to live comfortably in, requiring a total family income of about $301,184. Hawaii ($294,611) comes in second, followed by Connecticut ($279,885).

Housing is one main reason Massachusetts is an expensive state to live in, particularly in the Boston area. In addition, the state also has a high cost of living, including expenses such as healthcare and utilities.

Rank	State	Income for 2 working adults raising 2 children
1	Massachusetts	$301,184
2	Hawaii	$294,611
3	Connecticut	$279,885
4	New York	$278,970
5	California	$276,723
6	Colorado	$264,992
7	Washington	$257,421
8	Oregon	$257,338
9	New Jersey	$251,181
10	Rhode Island	$249,267
11	Vermont	$248,352
12	Minnesota	$244,774
13	New Hampshire	$244,109
14	Alaska	$242,611
15	Maryland	$239,450
16	Nevada	$237,286
17	Virginia	$235,206
18	Illinois	$231,962
19	Arizona	$230,630
20	Pennsylvania	$230,464
21	Maine	$229,549
22	Delaware	$228,966
23	Wisconsin	$225,056
24	Utah	$218,483
25	Michigan	$214,490
26	Nebraska	$213,075
27	Georgia	$212,826
28	Montana	$211,411
28	Iowa	$211,411
30	Idaho	$211,245
31	North Carolina	$209,331
31	Ohio	$209,331
33	Florida	$209,082
34	Indiana	$206,003
35	New Mexico	$203,923
36	Wyoming	$203,424
37	Missouri	$202,259
38	North Dakota	$202,176
39	Texas	$201,344
40	South Carolina	$200,762
41	Kansas	$196,768
42	Tennessee	$195,770
43	Oklahoma	$194,106
44	Alabama	$193,606
45	South Dakota	$192,608
46	Kentucky	$190,112
47	Louisiana	$189,613
48	West Virginia	$189,363
49	Arkansas	$180,794
50	Mississippi	$177,798

Meanwhile, Mississippi is the least expensive state for a family to live comfortably, requiring $177,798 per year. Arkansas ($180,794) comes in second, followed by West Virginia ($189,363). In common, all these states share low prices of housing.