Ranked: The World’s Top 10 Billionaires in 2024

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June 20, 2024

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The World’s Top 10 Billionaires (June 2024)

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Elon Musk has reached a net worth of $205.4 billion in 2024, securing his position as the richest billionaire in the world, ahead of Jeff Bezos at $203.2 billion and Bernard Arnault at $200 billion. Arnault, the billionaire chairman and CEO of the global luxury goods company LVMH, led the ranking at the beginning of the year.

Using data from Forbes’ Real-Time Billionaires List, we provide a snapshot of the top 10 billionaires in the world as of June 11, 2024. It is important to note that the rank changes frequently due to fluctuations in stock prices, market conditions, and significant business transactions.

$1.6T in Combined Wealth

The wealth of the top 10 wealthiest people ($1.6 trillion) is almost equivalent to Mexico’s GDP, the 14th largest economy in the world.

At the top of the list, Elon Musk’s wealth derives primarily from his stake in Tesla, his holdings in SpaceX, and the social media platform X.

RankNameNet Worth (USD in Billions)Source 1Elon Musk$205.40Tesla, SpaceX 3Jeff Bezos$203.20Amazon 2Bernard Arnault & family$200.00LVMH 4Mark Zuckerberg$176.50Facebook 5Larry Ellison$153.70Oracle 6Larry Page$145.10Google 8Sergey Brin$139.00Google 7Warren Buffett$134.00Berkshire Hathaway 9Bill Gates$131.00Microsoft 10Steve Ballmer$126.50Microsoft

Recently, Tesla shareholders voted to approve a pay package worth approximately $50 billion for Musk at the company’s annual shareholder meeting. This decision is being challenged by a Delaware judge, who has described Musk’s award as “unfathomable.”

Never incorporate your company in the state of Delaware

— Elon Musk (@elonmusk) January 30, 2024

Meanwhile, Amazon founder Jeff Bezos overtook Bernard Arnault as the second-wealthiest person in June 2024, after LVMH’s shares fell and Amazon’s shares slightly increased.

As a relevant side note, Arnault has also been carefully laying succession plans for LVMH this year, with the 75-year-old recently appointing two more of his sons to the company’s board in April 2024. This leaves just his youngest son without a spot on the

All of the World’s Trillion-Dollar Companies in One Chart

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June 19, 2024 Graphics/Design:

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All of the World’s Trillion-Dollar Companies in One Chart

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.

Chipmaker Nvidia is now the world’s most valuable company, which means its time for an update to our frequent “trillion-dollar club” post.

In this graphic, we’ve visualized the market capitalizations of the world’s trillion-dollar companies, as of June 18, 2024. Included for additional context is the market cap of the median S&P 500 firm (as of May 30, 2024), as well as Taiwan’s TSMC, which is the next closest company to reaching the $1 trillion milestone.

Data and Key Takeaways

The figures used to create this graphic are included in the table below. Numbers for each company come from Companiesmarketcap.com, while the median S&P 500 market cap was sourced from S&P Global.

CompanyMarket Cap (USD) 🇺🇸 Nvidia$3.34T 🇺🇸 Microsoft$3.32T 🇺🇸 Apple$3.29T 🇺🇸 Alphabet$2.17T 🇺🇸 Amazon$1.90T 🇸🇦 Saudi Aramco$1.79T 🇺🇸 Meta$1.27T 🇹🇼 TSMC$932B Median S&P 500 company$92B

Here are the key reasons behind each of these companies’ massive valuations:

Nvidia: Industry leader in data center chips, essential for training artificial intelligence Microsoft: Dominance in enterprise software products (e.g. Windows, Office, Azure) Apple: Strong track record of innovation and a large, loyal customer base Alphabet: Leading player in online advertising and other digital platforms (e.g. Google Search, Youtube) Amazon: Dominance in e-commerce and rising cloud computing market share through Amazon Web Services (AWS) Saudi Aramco: World’s largest oil producer with massive reserves Meta: Dominant player in social media (Facebook, Instagram, Whatsapp)

If you’re interested in learning more, check out our graphic: Visualizing How Big Tech Companies Make Their Billions.

Which Company Will Hit $1 Trillion Next?

As of June 18, there are a few candidates that could soon join the trillion-dollar club, including TSMC ($932B), Berkshire Hathaway ($881B), Eli Lilly ($847B), and Broadcom ($839B).

Most of these stocks have climbed significantly in 2024 so far, with TSMC up 77% since the start of

Charted: Four Decades of U.S. Tech IPOs

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June 19, 2024 Graphics/Design:

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Charting Four Decades of U.S. Tech IPOs

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.

Big technology companies have been enjoying a wave of stock market success, driving much of the growth in the S&P 500 index since the pandemic. Five of the companies currently dubbed the “Magnificent Seven” are behemoths in the tech space, with market capitalizations rivaling the size of entire countries’ GDPs.

We visualize the number of tech IPOs on American exchanges from 1980–2023. Data is sourced from “Initial Public Offerings: Updated Statistics” a database run by economist Jay R. Ritter, from the Warrington College of Business, University of Florida.

ℹ️ Tech stocks are defined as internet-related stocks plus other technology stocks, not including biotech New Tech Listings in 2021 Broke a 20-Year-Record

From the heydays of the Dotcom boom, when more than 350 companies hit the exchanges in 1999, the number of tech IPOs has dropped steeply over the years.

In fact, the Dotcom boom, driven by investor enthusiasm for internet technologies, and subsequent bust, due to a lack of capital and business viability, left a significant impact on the market. Tech IPOs stayed in the double-digits for the next 20 years.

YearU.S. Tech IPOs 198022 198172 198242 1983173 198450 198537 198677 198759 198828 198935 199032 199171 1992115 1993127 1994115 1995205 1996276 1997174 1998113 1999370 2000261 200124 200220 200318 200461 200545 200648 200776 20086 200914 201033 201136 201240 201345 201453 201538 201621 201730 201840 201938 202048 2021126 20226 20239

However, 2021 saw a significant uptick after

Ranked: The 20 Top Retailers Worldwide, by Revenue

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June 19, 2024 Article/Editing: Graphics/Design:

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The Top Retailers Worldwide, by Revenue

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 global retail landscape is constantly evolving, driven by shifting consumer habits and the growing dominance of online sales.

Despite the rise of e-commerce, many of the top retailers worldwide generate the bulk of their sales in physical stores. However, as customers prioritize convenience and a wider selection of goods, e-commerce giants are capturing an increasing share of the retail market.

This graphic shows the world’s leading retailers by revenue, based on data from the National Retail Federation.

The Methodology

To be included in the rankings, companies must engage in a goods-for-consumer resale business accessible to the public. Additionally, they must and have direct selling operations in a minimum of three companies. The rankings include both public and private companies, based on the most recent 52-week period ending between January and March 2024. All revenue figures were converted to U.S. dollars.

Ranked: The Top 20 Global Retailers

Below, we show the world’s leading retail giants by revenue:

RankingRetailerTotal RevenuesShare of Domestic Retail RevenueHeadquarters 1Walmart$628.6B84.7%🇺🇸 U.S. 2Amazon.com$355.1B70.4%🇺🇸 U.S. 3Costco$234.0B75.0%🇺🇸 U.S. 4Schwarz Group$176.4B32.0%🇩🇪 Germany 5The Home Depot$151.6B93.7%🇺🇸 U.S. 6Aldi$145.4B25.8%🇩🇪 Germany 7Walgreens Boots Alliance$117.8B89.3%🇺🇸 U.S. 8Ahold Delhaize$97.0B21.8%🇳🇱 Netherlands 9Alibaba$94.1B97.3%🇨🇳 China 10Carrefour$89.7B34.3%🇫🇷 France 11Seven & I$85.0B62.1%🇯🇵 Japan 12Apple$81.6B86.9%🇺🇸 U.S. 13Rewe$73.5B75.5%🇩🇪 Germany 14Aeon$68.9B93.3%🇯🇵 Japan 15Tesco$61.9B85.1%🇬🇧 UK 16TJX$50.4B78.9%🇺🇸 U.S. 17Leclerc$50.4B95.0%🇫🇷 France 18IKEA$45.6B3.4%🇸🇪 Sweden 19Best Buy$44.6B92.8%🇺🇸 U.S. 20Woolworths Limited (Aus)$43.5B88.2%🇦🇺 Australia

As the largest retailer by sales globally, Walmart raked in $628.6 billion dollars in revenue, with 84.7% of its revenue being domestic.

Today, about 90% of Americans are located within 10 miles of a Walmart store, attracting 200 million visitors each month. To gain a greater edge in the market, Walmart is expanding its advertising business, launching a premium product line, and growing its digital sales channels.

Charted: Stock Buybacks by the Magnificent Seven

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June 18, 2024 Graphics/Design:

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Charted: Stock Buybacks of the Magnificent Seven

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.

By 2025, Goldman Sachs predicts that total U.S. stock buybacks will exceed $1 trillion. The bank sees this growth being driven by strong tech earnings growth and lower rates.

But what are buyback amounts like for the largest tech companies today?

This graphic looks at the total value of shares each Magnificent Seven company has repurchased in the last four quarters using data from their latest financial statements.

What is a Stock Buyback?

A stock buyback is when a company buys their own shares to reduce the number of available shares on the market. Companies may choose to buy back stock to return value to shareholders. Having fewer shares available improves earnings per share, and may drive up the stock price.

Buying back stocks can also come with risks, such as using up cash that would otherwise be put toward growing the business.

Stock Buybacks of Tech Titans

We gathered data from company financial statements to see how stock buyback amounts differed among the Magnificent Seven. Each total represents what companies reported from June 1, 2023 to June 1, 2024.

As we can see, the tech companies in the Magnificent Seven have been the ones buying back their stock over the past year.

CompanyTotal Stock BuybacksBuybacks as a % of Market Cap Apple$83B2.8% Alphabet (Google)$63B2.9% Meta$25B2.0% Microsoft$20B0.6% Nvidia$17B0.6% Amazon$0B0.0% Tesla$0B0.0%

Values rounded to the nearest billion. Company market caps are as of June 6, 2024.

Apple had by far the most share repurchases, raising its diluted earnings per share from $1.26 to $1.53. Going forward, Apple authorized an additional $110 billion for share repurchases, a U.S. record. The board says the repurchases are in light of their “confidence in Apple’s future and the value we see in our stock.”

On the flip side, both Amazon and Tesla did not issue stock buybacks in the last four quarters. Amazon’s CFO

Ranked: The 20 Biggest Tech Companies by Market Cap

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June 17, 2024 Graphics/Design:

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Ranked: The 20 Biggest Tech Companies by Market Cap

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 world’s 20 biggest tech companies are worth over $20 trillion in total. To put this in perspective, this is nearly 18% of the stock market value globally.

This graphic shows which companies top the ranks, using data from Companiesmarketcap.com.

A Closer Look at The Top 20

Market capitalization (market cap) measures what a company is worth by taking the current share price and multiplying it by the number of shares outstanding. Here are the biggest tech companies according to their market cap on June 13, 2024.

RankCompanyCountry/RegionMarket Cap 1AppleU.S.$3.3T 2MicrosoftU.S.$3.3T 3NvidiaU.S.$3.2T 4AlphabetU.S.$2.2T 5AmazonU.S.$1.9T 6MetaU.S.$1.3T 7TSMCTaiwan$897B 8BroadcomU.S.$778B 9TeslaU.S.$582B 10TencentChina$453B 11ASMLNetherlands$415B 12OracleU.S.$384B 13SamsungSouth Korea$379B 14NetflixU.S.$281B 15AMDU.S.$258B 16QualcommU.S.$243B 17SAPGermany$225B 18SalesforceU.S.$222B 19PDD Holdings (owns Pinduoduo)China$212B 20AdobeU.S.$206B

Note: PDD Holdings says its headquarters remain in Shanghai, China, and Ireland is used for legal registration for its overseas business.

Apple is the largest tech company at the moment, having competed with Microsoft for the top of the leaderboard for many years. The company saw its market cap soar after announcing its generative AI, Apple Intelligence. Analysts believe people will upgrade their devices over the next few years, since the new features are only available on the iPhone 15 Pro or newer.

Microsoft is in second place in the rankings, partly thanks to enthusiasm for its AI software which is already generating revenue. Rising profits also contributed to the company’s value. For the quarter ended March 31, 2024, Microsoft increased its net income by 20% compared to the same quarter last year.

Nvidia follows closely behind with the third-highest market cap, rising more than eight times higher compared to its value at the start of 2023. The company has recently announced higher profits, introduced

The World’s Top Retail Companies, by Domestic Revenue

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June 13, 2024 Graphics/Design:

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The World’s Top Retail Companies, by Domestic Revenue

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 retail sector plays a vital role in powering economies, contributing $5.3 trillion annually to America’s GDP alone.

Moreover, the industry is America’s biggest private-sector employer, responsible for one of every four jobs, or 55 million employees. Yet in today’s challenging consumer environment, retailers are facing higher e-commerce penetration and inflationary pressures—across an industry notoriously known for razor-thin margins.

This graphic shows the world’s top retail companies by domestic revenue, based on data from the National Retail Federation.

Methodology

To be included in the rankings, companies must engage in a goods-for-consumer resale business accessible to the public and have direct selling operations in a minimum of three countries.

The rankings include both publicly and private companies, and are based on the most recent 52-week period analyzed by the National Retail Federation between January and March 2024. All revenue figures were converted to U.S. dollars.

Ranked: The Top 10 Global Retailers by Domestic Sales

Here are the leading retailers worldwide based on domestic sales as of 2023:

RankingRetailerDomestic Retail Revenue
(USD)Share of Total Retail RevenueHeadquarters 1Walmart$532.3B85%🇺🇸 U.S. 2Amazon.com$250.0B70%🇺🇸 U.S. 3Costco$175.4B75%🇺🇸 U.S. 4The Home Depot$142.0B94%🇺🇸 U.S. 5Walgreens Boots Alliance$105.1B89%🇺🇸 U.S. 6Alibaba$91.5B97%🇨🇳 China 7Apple$70.9B87%🇺🇸 U.S. 8Aeon$64.3B93%🇯🇵 Japan 9Schwarz Group$56.5B32%🇩🇪 Germany 10Rewe$55.5B75%🇩🇪 Germany

Walmart towers ahead as the world’s largest retailer with $532 billion in domestic revenue—more than Amazon.com and Costco combined.

Known for its everyday low prices, Walmart achieves a competitive advantage through pricing goods approximately 25% cheaper than traditional retail competitors. Overall, groceries make up more than half of total sales. While its main customer base is often low and middle-income shoppers, the retail giant is seeing a surge in sales from higher-income customers as shoppers seek out lower grocery prices.

E-commerce giant, Amazon, is the second-biggest retailer globally, commanding nearly 40% of online retail sales in America. Since 2019, the number of Amazon

What is the Median Pay of Magnificent Seven Companies?

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June 12, 2024 Article/Editing: Graphics/Design:

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What is the Median Pay of Magnificent Seven Companies?

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 Magnificent Seven are lifting the stock market to new highs, led by Nvidia, Microsoft, Apple, and Alphabet in particular.

In May alone, these tech giants added $1.4 trillion in market capitalization to the S&P 500—surpassing the combined gains of 296 other stocks during the same period. Notably, Nvidia contributed to more than half of this rise. As tech stocks boom, many are offering robust salaries with substantial stock option plans.

This graphic shows the median pay of the Magnificent Seven companies in 2023, based on analysis from The Wall Street Journal and MyLogIQ.

The Highest Paying Companies in the Magnificent Seven

Below, we show the median employee pay of the Magnificent Seven companies in 2023:

CompanyMedian Employee Pay
2023CEO Total Pay
2023 Meta$379,050$24.4M Alphabet$315,531$8.8M Nvidia$266,939$34.2M Microsoft$193,770$48.5M Apple$94,118$63.2M Tesla$45,811$0M Amazon$36,274$1.4M

Data for Microsoft is from SEC filings. Total CEO pay includes equity awards and cash pay.

Meta ranks as the highest overall, with a median pay of $379,050, which is more than six times the national median salary.

Not only is it the leading company in the Magnificent Seven, it has one of the highest median pay across S&P 500 companies. Between 2022 and 2023, employee pay increased 28%, following four rounds of layoffs that slashed thousands of employees in its “year of efficiency”.

Following Meta is Google’s parent company, Alphabet, with a median pay of $315,531. The company operates a hybrid work policy, requiring employees to be in the office about three days a week. This mirrors a trend seen across Amazon and Salesforce to encourage in-person collaboration.

At Nvidia, employees received a median pay of $266,939, fueled by its soaring share price. Last year, over $300 million in value was delivered to its staff under its employee stock purchase plan. Along with a competitive pay package, the company offers an unlimited vacation policy along with 22-weeks

Charted: How Many Data Centers do Major Big Tech Companies Have?

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June 4, 2024 Graphics/Design:

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How Many Data Centers do Major Big Tech Companies Have?

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 Big Tech companies are often compared against each other in many ways: how much money they make, market capitalization, and the newest flavor, generative AI capabilities.

But in their great strides to capture the digital realm, how many huge data facilities do they need for all their services, analytics, and storage?

Sourcing information from Meta, Google, Microsoft, and some third-party estimates for Apple and Amazon, we find out.

Ranked: Big Tech’s Data Facilities

Cloud computing giants—Microsoft and Amazon—have data centers in the triple-digits to accommodate their customers’ burgeoning business demands.

However, there’s no one standard of how big a data center needs to be, so quantity doesn’t automatically translate into greater capacity.

Big Tech CompanyData Centers Microsoft**300 AWS*215 Google25 Meta24 Apple*10
Note: *Third-party estimates vary depending on the source. AWS is usually listed between 160–220 and Apple from 8–10. **Microsoft lists their count as “300+.”

According to Statista, AWS still maintains the biggest market share in the cloud computing segment (31%) even as Microsoft Azure edges ever closer (25%).

In fact, Amazon is aiming to spend $150 billion on more facilities over the next 15 years. Estimates say 26 data centers are currently under construction. All of this, of course, to chase the AI boom.

Despite dominating our digital lives however, Big Tech aren’t the only players when it comes to data center metrics. For example, Digital Realty, a colocation data center provider, would rank alongside Microsoft with 300+ data facilities.

Learn More about Big Tech and AI from Visual Capitalist

If you enjoyed this post, and you’re wondering which Big Tech players have made their forays into AI, check out Ranked: The Most Popular AI Tools. We visualize the most popular AI tools of 2023 along with recent tech adoption cycles and the software products that defined them.