The 25 Biggest Billionaire Winners in 2024

Published on September 30, 2024 at 6:00 pm by Ali Hassan in Business, Economy, News

In this article, we will look at the 25 biggest billionaire winners in 2024. If you want to skip our detailed analysis, go directly to the 5 Biggest Billionaire Winners in 2024.

Global Wealth: An Analysis

The rich people continue to become richer while poor people continue to suffer from hardships without having access to clean water, adequate healthcare, decent housing, or education for their kids. According to the 2024 World Inequality Report by Oxfam, the world’s billionaires have increased their wealth by over $3 trillion in the last three years. The top five richest people in the world more than doubled their fortunes from $405 billion to $869 billion since 2020, growing at a rate of $14 million per hour. In comparison, almost five billion people have become poorer since 2020. The five richest men in the world have become twice as wealthy and are worth more than $1 trillion, as of September 30. The report suggests that to end poverty it could take up to 230 years, while the world could have its first trillionaire within a decade.

In the US, over 60% of workers live paycheck to paycheck despite major improvements in employee productivity and technology. The real weekly wages for the average US worker are lower today than they were 50 years ago. The increase in inflation and the uncertain economic situation have impacted the lives of daily-wage workers. However, global wealth has rebounded from its 2022 drop and wealth is improving around the world with a few exceptions. According to Credit Suisse’s Global Wealth Report 2024, the number of people living in the lowest wealth bracket has shrunk since 2008, while the rest of the wealth brackets have experienced growth. The lowest wealth band adults, below $10,000, nearly halved between 2000 and 2023. The majority of the adults have moved up to the second band, between $10,000 and $100,000. The report adds that people are now three times as likely to be millionaires and have wealth over $1 million. There are quite a few examples such as Larry Ellison, Sergey Brin, and Thomas Peterffy, the richest people in the world who came from poor families. The richest people in the world who came from poor families are the most influential entrepreneurs today and many of them live like regular people.

Approximately $83.5 trillion of wealth will be shifted to the next generation within the next 20 to 25 years, as per Credit Suisse’s Wealth report. Out of $83.5 trillion, nearly $9 trillion of the wealth will be shifted horizontally between spouses, the majority in the Americas. Almost 10% of women billionaires and millionaires are expected to be part of the global wealth shift to the next generation.

The millionaire population is also increasing and by 2028, they are expected to rise from 52 countries to 56. Taiwan is expected to have the highest millionaire growth by 2028, growing by almost 50%. Reaching millionaire status opens the path to becoming a billionaire. Let’s talk about one such firm where most employees became millionaires due to share purchases at an early stage.

NVIDIA Corporation (NASDAQ:NVDA) has been the highlight of the US stock market for more than a year now. Over the past year, NVDA has grown by 167%, as of September 30. The potential of the company and the AI surge is taking NVDA to new highs. NVIDIA Corporation specializes in graphics, computing, and networking solutions. The company is famous for pioneering graphics processing units (GPUs), which are being used in almost every field from EVs to computers and mobile phones. NVIDIA’s innovation driven by AI has made it a key player not only in the gaming industry but also in sectors such as professional visualization, data centres, and automotive markets.

NVIDIA Corporation operates through two main segments, Graphics and Compute & Networking. The Graphics segment includes GeForce GPUs and the GeForce NOW game streaming service, while the Compute & Networking segment features data centre platforms and advanced AI software. NVDA has a strong buy rating from 64 analysts, with an upside of almost 25%, as of September 30.

During the second quarter of 2025, NVIDIA Corporation (NASDAQ:NVDA) posted strong outcomes, exceeding analyst estimates. The company posted earnings of $0.68 per share, surpassing estimates of $0.62 per share. The revenue came in at $30.04 billion, beating estimates by $1.29 billion and a year-over-year growth of 122%.

NVIDIA Corporation (NASDAQ:NVDA) is assisting top firms including Amazon, Alphabet’s Google, Meta Platforms, Microsoft and Oracle. NVIDIA is also assisting Blackrock with estimating energy demands for new AI technologies. In 2023, the company managed to capture a remarkable 94% market share in AI server sales, according to Mizuho Securities analyst Vijay Rakesh’s estimates, which reflects the dominance of NVDA in the rapidly growing AI GPU market. The demand for NVDA’s upcoming processors including Hopper AI GPUs is projected to surpass supply through 2025, which is a sign of a strong pipeline for future revenue.

NVDA ranks on our list of 7 Best Revenue Growth Stocks to Buy According to Analysts. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that under the radar AI stocks hold great promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

Now, let’s look at the 25 biggest billionaire winners in 2024.

Photo by M on Unsplash

Our Methodology

To compile the list of the 25 biggest billionaire winners in 2024, we initially gathered the data of the top 100 billionaires from the Forbes yearly richest people list. We then accessed the change in net worth from 2023 and 2024 and shortlisted the 25 biggest billionaire winners in 2024. The 2023 net worth of billionaires was obtained from the Forbes Annual Richest List and the 2024 net worth was obtained from Forbes Real-Time List, as of September 30. The 25 biggest billionaire winners in 2024 are ranked in ascending order of their net worth change between 2023 and 2024.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

The 25 Biggest Billionaire Winners, 2024

25. Daniel Gilbert

Net Worth in 2023: $18 Billion

Net Worth in 2024: $32.8 Billion

Change in Net Worth: $14.8 Billion

Daniel Gilbert co-founded what would become Quicken Loans and took the company public as Rocket Companies in August 2020. Gilbert’s net worth has seen a notable surge since 2023. Daniel Gilbert ranks among the 25 biggest billionaire winners in 2024.

24. Julia Koch

Net Worth in 2023: $59 Billion

Net Worth in 2024: $74.20 Billion

Change in Net Worth: $15.2 Billion

Julia Koch and her three children inherited a 42% stake in Koch Industries. Julia’s net worth was around $59 billion in 2023 and has increased to $74 billion in 2024. After adding $15 billion to her net worth, Julia Koch ranks 24th among the biggest billionaire winners in 2024.

23. Colin Huang

Net Worth in 2023: $30.2 Billion

Net Worth in 2024: $47.30 Billion

Change in Net Worth: $17.1 Billion

Colin Huang is the founder of PDD Holdings, the Chinese e-commerce company and has a net worth of around $47 billion, as of 2024. Huang has added nearly $17 billion to his total net worth since 2023 and ranks among the biggest billionaire winners in 2024.

22. Thomas Peterffy

Net Worth in 2023: $25.3 Billion

Net Worth in 2024: $42.6 Billion

Change in Net Worth: $17.3 Billion

Thomas Peterffy founded Interactive Brokers in 1993 and today he has a net worth of over $42 billion. Since 2023, Peterffy has added nearly $17.3 billion to his net worth. Thomas Peterffy ranks 22nd among the biggest billionaire winners in 2024.

21. David Thomson

Net Worth in 2023: $54.4 Billion

Net Worth in 2024: $71.90 Billion

Change in Net Worth: $17.5 Billion

David Thomson inherits a stake in his media empire, Thomson Reuters, where he is a chairman. Thomson’s net worth has soared from almost $55.4 billion to $72 billion since 2023. David Thomson is one of the richest billionaires in the world.

20. Stephen Schwarzman

Net Worth in 2023: $27.8 Billion

Net Worth in 2024: $$46.10 Billion

Change in Net Worth: $18.3 Billion

Stephen Schwarzman is co-founder and CEO of Blackstone, one of the world’s largest alternative investment firms with over $1 trillion in assets. Since 2023, Schwarzman has added over $18 billion to his net worth and ranks 20th among the biggest billionaire winners in 2024.

19. Jeff Yass

Net Worth in 2023: $28.5 Billion

Net Worth in 2024: $49.60 Billion

Change in Net Worth: $21.1 Billion

Jeff Yass co-founded Susquehanna International Group, one of Wall Street’s largest and most successful trading firms. Yass has a net worth of $49.60 billion, which has increased from $28.5 billion in 2023. Jeff Yass is one of the richest people with the highest wealth gain since 2023.

18. Savitri Jindal

Net Worth in 2023: $17.5 Billion

Net Worth in 2024: $43.9 Billion

Change in Net Worth: $26.4 Billion

Savitri Jindal inherits a stake in the Jindal Group from her late husband Om Prakash Jindal. Savitri’s net worth has increased by over $26 billion from 2023 and today has a net worth of nearly $44 billion. Savitri Jindal ranks 18th among the biggest billionaire winners in 2024.

17. Mukesh Ambani

Net Worth in 2023: $83.4 Billion

Net Worth in 2024: $115.9 Billion

Change in Net Worth: $32.5 Billion

Mukesh Ambani is the richest Indian and owns Reliance Industries. Ambani’s net worth has increased by a whopping $32 billion and is one of the biggest billionaire winners in 2024.

16. Alice Walton

Net Worth in 2023: $56.7 Billion

Net Worth in 2024: $90.70 Billion

Change in Net Worth: $34 Billion

Alice Walton inherits a stake in Walmart, the largest retail corporation that operates a chain of hypermarkets. Alice Walton is one of the biggest billionaire winners in 2024 with a net worth increase of $34 billion from 2023.

15. Bill Gates

Net Worth in 2023: $104 Billion

Net Worth in 2024: $138.50 Billion

Change in Net Worth: $34.5 Billion

Bill Gates, the founder of Microsoft Corporation, gained over $34.5 billion from his net worth of $104 billion in 2023. Bill Gates ranks 15th among the biggest billionaire winners in 2024.

14. Gautam Adani

Net Worth in 2023: $47.2 Billion

Net Worth in 2024: $83.50 Billion

Change in Net Worth: $36.3 Billion

Gautam Adani is the founder and chairman of the Adani Group and the second-richest Indian in the world. Adani’s net worth has increased by over $36 billion from 2023 and today has a net worth of nearly $83.50 billion.

13. Warren Buffett

Net Worth in 2023: $106 Billion

Net Worth in 2024: $143.80 Billion

Change in Net Worth: $37.8 Billion

Warren Buffett is the chairman of Berkshire Hathaway and has investments in various firms through his holding firm. Warren Buffett is one of the biggest billionaire winners in 2024 with a net worth increase of $37.8 billion from 2023.

12. Jim Walton

Net Worth in 2023: $58.8 Billion

Net Worth in 2024: $98.20 Billion

Change in Net Worth: $39.4 Billion

Jim Walton is the youngest son of Walmart founder Sam Walton. Jim is the chairman of the family’s Arvest Bank. Jim Walton gained over $39 billion from his net worth of $58.8 billion in 2023. Jim Walton ranks 12th among the biggest billionaire winners in 2024.

11. Rob Walton

Net Worth in 2023: $57.6 Billion

Net Worth in 2024: $99.40 Billion

Change in Net Worth: $41.8 Billion

Rob Walton inherits a stake in Walmart from his father. Rob has retired in June 2024 from the board of Walmart. Rob Walton’s net worth increased by $41.8 billion from 2023, making him one of the biggest billionaire winners in 2024.

10. Steve Ballmer

Net Worth in 2023: $80.7 Billion

Net Worth in 2024: $125.10 Billion

Change in Net Worth: $44.4 Billion

Steve Ballmer ranks 10th among the biggest billionaire winners in 2024 as his net worth soared by $44.4 billion from $80.7 billion in 2023. Steve Ballmer is the former CEO of Microsoft, who led the company from 2000 to 2014.

9. Michael Dell

Net Worth in 2023: $50.1 Billion

Net Worth in 2024: $104.10 Billion

Change in Net Worth: $54 Billion

Michael Dell is chairman and CEO of Dell Technologies and has a net worth of almost $104 billion. With a total net worth gain of $54 billion from 2023, Michael Dell is one of the biggest billionaire winners in 2024.

8. Sergey Brin

Net Worth in 2023: $76 Billion

Net Worth in 2024: $131.20 Billion

Change in Net Worth: $55.2 Billion

Sergey Brin co-founded Google and makes his fortune from his stake in Alphabet. Sergey Brin has a net worth of $131.20 billion after gaining more than $55 billion since 2023.

7. Amancio Ortega

Net Worth in 2023: $77.3 Billion

Net Worth in 2024: $133 Billion

Change in Net Worth: $55.7 Billion

Amancio Ortega is one of the wealthiest clothing retailers in the world and co-founded Inditex, known for its Zara fashion chain. Amancio Ortega is one of the biggest billionaire winners in 2024 with a net worth increase of over $55 billion from 2023.

6. Larry Page

Net Worth in 2023: $79.2 Billion

Net Worth in 2024: $137 Billion

Change in Net Worth: $57.8 Billion

Larry Page co-founded Google along with Sergey Brin. With a net worth increase of $57.8 billion, Larry Page ranks sixth among the biggest billionaire winners in 2024.

5. Jensen Huang

Net Worth in 2023: $21.1 Billion

Net Worth in 2024: $105.7 Billion

Change in Net Worth: $84.6 Billion

Jensen Huang is the founder and CEO of NVIDIA. Thanks to NVDA’s massive market capitalization surge, Huang has added over $84 billion to his total net worth.

4. Jeff Bezos

Net Worth in 2023: $114 Billion

Net Worth in 2024: $203.90 Billion

Change in Net Worth: $89.9 Billion

Jeff Bezos is the founder of the e-commerce giant, Amazon.com. Jeff Bezos’ net worth increased by nearly $90 billion from 2023, making him one of the biggest billionaire winners in 2024.

3. Elon Musk

Net Worth in 2023: $180 Billion

Net Worth in 2024: $270.10 Billion

Change in Net Worth: $90.1 Billion

Elon Musk saw a massive surge in his net worth despite the poor performance of Tesla. With a net worth gain of over $90 billion, Elon Musk remains the richest person in the world in 2024.

2. Mark Zuckerberg

Net Worth in 2023: $106 Billion

Net Worth in 2024: $198.30 Billion

Change in Net Worth: $92.3 Billion

Mark Zuckerberg saw a net worth rise of over $92 billion, making him one of the biggest billionaire winners in 2024.

1. Larry Ellison

Net Worth in 2023: $107 Billion

Net Worth in 2024: $205.20 Billion

Change in Net Worth: $98.2 Billion

Larry Ellison is the founder of Oracle and ranks first among the biggest billionaire winners in 2024. Ellison gained more than $98 billion from his net worth of $107 billion in 2023.

Disclosure. None. This article was originally published on Insider Monkey.

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AI Fire Sale: Insider Monkey’s #1 AI Stock Pick Is On A Steep Discount

Published on September 27, 2024 at by Inan Dogan, PhD

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A New Dawn is Coming to U.S. Stocks

Published on September 27, 2024 at by Insider Monkey Staff

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