Meet the 17 people in the $100 billion club — who are jointly worth more than Amazon or Google
October 22, 20240
Net worth: $116 billion
YTD change in wealth: +$37.5 billion
Source of wealth: Dell stock
Michael Dell is the founder, chairman, and CEO of the eponymous computer maker. Dell stock has ballooned from below $40 in March last year to north of $120, valuing the company at around $90 billion, as investors wager it will be a key beneficiary from the AI boom.
Dell owns about 46% of his company, and pocketed well over $10 billion from the sale of Dell-backed VMware to Broadcom last year.
13. Amancio Ortega
Net worth: $104 billion
YTD change in wealth: +$7.25 billion
Source of wealth: Reliance Industries stock
Mukesh Ambani is the chairman and managing director of Reliance Industries and Asia’s richest person.
His father, Dhirubhai Ambani, founded Reliance and trusted Mukesh to grow the conglomerate’s petrochemicals business and expand into new areas such as telecommunications.