2024 Top 10 Richest People in Finance—In the ever-evolving landscape of global finance, fortunes are made and fortunes are lost with each passing year. As we step into the year 2024, the financial world continues to witness the rise of individuals whose influence stretches across markets, industries, and continents. These titans of finance not only amass vast wealth but also shape economic policies, redefine investment strategies, and leave an indelible mark on the financial fabric of our society.
In this article, we delve into the realm of finance to unveil the top 10 richest individuals of 2024. From seasoned investors to visionary entrepreneurs, these individuals have navigated the complexities of the financial markets to accumulate staggering fortunes. Their stories offer insights into the ever-changing dynamics of wealth creation and the diverse paths to financial success in the modern era.
Join us as we explore the lives, achievements, and fortunes of the 2024 top 10 richest people in finance, illuminating the triumphs and challenges that accompany their ascent to the pinnacle of economic power.
2024 Top 10 Richest People In Finance
10. R. Budi Hartono: Net Worth $26.4 Billion
Robert Budi Hartono, born 28 April 1941, is an Indonesian tobacco billionaire with a net worth of US$25.3 billion as of September 2023. He owns and runs the privately held Djarum, the world’s third-largest maker of clove cigarettes. Djarum has reportedly recently grabbed shares from the number two cigarette firm, Sampoerna. Budi Hartono also has a stake with his brother, Michael Bambang Hartono in one of Indonesia’s biggest banks, Bank Central Asia, formerly controlled by billionaire Sudono Salim. According to Forbes, he is the second richest Indonesian and the 61st richest person in the world.
In September 2019 billionaires’ personal information, Budi Hartono and his brother Michael Hartono were reported by Forbes magazine as the richest men in Indonesia in 2019 with a combined wealth of $35 billion. Budi Hartono was listed by Forbes as being worth $18.6 billion, while in 2012 was $6.5 billion.
9. Masayoshi Son: Net Worth $28.2 Billion
Masayoshi Son, born 11 August 1957, is a Japanese billionaire technology entrepreneur, investor and philanthropist. A third-generation Zainichi Korean, he naturalized as a Japanese citizen in 1990. He is the founder, representative director, corporate officer, chairman and CEO of SoftBank Group Corp. (SBG), a strategic technology-focused investment holding company, as well as chairman of UK-based Arm Holdings.
In 2013, Son was placed 45th on the Forbes magazine’s list of the World’s Most Powerful People. In the 2018’s ranking, he was placed on the 55th position. As of 2023, Son ranks 69th on the Forbes‘s list of The World’s Billionaires and is #239 on the Bloomberg Billionaires Index. He had for many years the distinction of being the person who had lost the most money in history (more than $59bn during the dot com crash of 2000 alone, when his SoftBank shares plummeted), a feat surpassed by Elon Musk in the following decades.
8. Jeff Yass: Net Worth $28.9 Billion
Jeffrey S. Yass, born on 1956, is an American billionaire businessman. According to Forbes, Yass had a net worth of $28.5 billion in 2023. He is the co-founder and managing director of the Philadelphia-based Susquehanna International Group (SIG) and an early investor in TikTok. In 2001, he joined the executive advisory council of the Cato Institute.
Yass is the richest man in Pennsylvania. As of February, he is the largest donor in the 2024 US election cycle, having donated $34 million to Republican groups and campaigns. According to Israeli newspaper Haaretz, he is a major supporter of Israeli right-wing think tanks.
7. Abigail Johnson: Net Worth $29.3 Billion
Abigail Pierrepont Johnson, born December 19, 1961, is an American billionaire businesswoman, and the granddaughter of late Edward C. Johnson II, the founder of Fidelity Investments. Since 2014, Johnson has been president and chief executive officer (CEO) of American investment firm Fidelity Investments (FMR), and chair of its former sister company Fidelity International (FIL).
Fidelity was founded by her grandfather Edward C. Johnson II. Her father, Edward C. “Ned” Johnson III, remained chair emeritus of FMR until his death in March 2022. As of March 2013, the Johnson family owned a 49% stake in the privately-held company, with Johnson herself holding an estimated 24.5%. She is a board member of Breakthrough Energy Ventures.
In November 2016, Johnson was named chair and remained CEO and president, giving her full control of Fidelity with 45,000 employees worldwide. Johnson’s wealth is approximately $22.6 billion, making her one of the world’s wealthiest women. She was named on Forbes’ “The Richest Person In America’s 50 Largest Cities” list in 2016 and ranked sixth in 2021 on their “Powerful Women” list. She was the richest person in Massachusetts in 2020.
6. Thomas Peterffy: Net Worth $30.7 Billion
Thomas Peterffy, born on September 30th, 1944, is a Hungarian-born American billionaire businessman. He is the founder, chairman, and the largest shareholder of Interactive Brokers. Peterffy worked as an architectural draftsman after emigrating to the United States, and later became a computer programmer.
In 1977, he purchased a seat on the American Stock Exchange and played a role in developing the first electronic trading platform for securities. Forbes‘s 2023 list of The World’s Billionaires estimated his net worth at US$25.3 billion, making him the 57th richest man in the world.
5. Jim Simons: Net Worth $30.7 Billion
James Harris Simons born on 25th April 1938, is an American hedge fund manager, investor, mathematician, and philanthropist. He is the founder of Renaissance Technologies, a quantitative hedge fund based in East Setauket, New York. He and his fund are known to be quantitative investors, using mathematical models and algorithms to make investment gains from market inefficiencies.
Due to the long-term aggregate investment returns of Renaissance and its Medallion Fund, Simons is described as the “greatest investor on Wall Street”, and more specifically “the most successful hedge fund manager of all time”. As reported by Bloomberg Billionaires Index in 2023, Simons’s net worth is estimated to be $29.4 billion, making him the 52nd-richest person in the world.
4. Kenneth Griffin: Net Worth 37.3 Billion
Kenneth Cordele Griffin (born October 15, 1968) is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also owns Citadel Securities, one of the largest market makers in the U.S.
As of April 2023, Griffin had an estimated net worth of $35 billion, making him the 38th-richest person in the world. He was ranked 21st on the 2022 Forbes 400 list of richest Americans. He was included in Forbes‘s 2023 list of the United States’ Most Generous Givers, according to which he has donated $1.56 billion to various charitable causes, primarily in education, economic mobility and medical research.
3. Stephen Schwarzman: Net Worth $38.6 Billion
Stephen Allen Schwarzman, born February 14, 1947, is an American billionaire businessman. He is the chairman and CEO of the Blackstone Group, a global private equity firm he established in 1985 with Peter G. Peterson. Schwarzman was briefly chairman of President Donald Trump’s Strategic and Policy Forum.
In June 2007, Schwarzman described his view on financial markets with the statement: “I want war, not a series of skirmishes… I always think about what will kill off the other bidder.” In September 2011, Schwarzman was listed as a member of the international advisory board of the Russian Direct Investment Fund.
2. Michael Bloomberg: Net Worth $96.3 Billion
Michael Rubens Bloomberg, born on February 14, 1942, is an American businessman, politician, philanthropist, and author. He is the majority owner and co-founder of Bloomberg L.P., and was its CEO from 2014 until 2023. He served as the mayor of New York City for three terms from 2002 to 2013 and was a candidate for the 2020 Democratic nomination for president of the United States.
He has served as chair of the Defense Innovation Board, an independent advisory board that provides recommendations on artificial intelligence, software, data and digital modernization to the United States Department of Defense, since June 2022.
Bloomberg grew up in Medford, Massachusetts, and graduated from Johns Hopkins University and Harvard Business School. He began his career at the securities brokerage firm Salomon Brothers before forming his own company in 1981. That company, Bloomberg L.P., is a financial information, software and media firm that is known for its Bloomberg Terminal. Bloomberg spent the next twenty years as its chairman and CEO. As of April 2023, Forbes ranked him as the seventh-richest person in the world, with an estimated net worth of US$94.5 billion.
1. Warren Buffet: Net Worth Net Worth $130.4 Billion
Warren Edward Buffett, born August 30, 1930, is an American businessman, investor, and philanthropist who currently serves as the co-founder, chairman and CEO of Berkshire Hathaway. As a result of his immense investment success, Buffett is one of the best-known investors in the world. As of January 2024, he had a net worth of $122 billion, making him the tenth-richest person in the world.
Conclusion: 2024 Top 10 Richest People in Finance
As we conclude our exploration of the top 10 richest people in finance for the year 2024, we are reminded of the profound impact that these individuals have on the global economy. Their fortunes not only symbolize financial success but also represent a testament to their ingenuity, perseverance, and foresight in navigating the intricacies of the financial world.
While their wealth may be measured in billions or even trillions of dollars, it is their contributions to innovation, philanthropy, and economic development that truly define their legacy. Whether through groundbreaking investment strategies, transformative business ventures, or philanthropic endeavors, these individuals continue to shape the course of our financial future and inspire generations to come.
As we look ahead to the years to come, one thing remains certain: the world of finance will continue to evolve, driven by the visionaries and trailblazers who dare to dream big and challenge the status quo. And amidst this ever-changing landscape, the top 10 richest people in finance of 2024 will undoubtedly continue to play a central role, leaving an enduring legacy that transcends wealth and resonates across generations.