A. Mark Zuckerberg.
C. Donald Trump.
D. Bernard Arnault
Brief Facts about Bloomberg Billionaire Index 2024:
Bloomberg Billionaire Index 2024 is the daily ranking of richest person in the world. The ranking is done at the end of trading day in New York. The ranking is based on the net worth of people belong to various fields of life, such as showbiz, industry, commerce, technology and business. It was first started on March 11, 2012. There are 500 billionaire in Bloomberg Billionaire list.
Here is the list of top 10 richest persons on 08th of October 2024.
Also Read: US Elections 2024
Detail of Fortune 500
Fortune 500 is the list of world top 500 companies that are registered in United States of America. These corporations are different from the rest of the companies with respect to their economic indicators, financial positions and international influence.
History of Fortune 500
Fortune 500 is the list of world top 500 companies in US. It is first time introduced by Edgar P. Smith in the year 1955. In the first time there was list of US largest companies related to industry.
Furthermore, the focus for that was on the inclusion of companies related to mining, energy, and manufacturing. (Current Affairs Latest Articles)
How Companies Are Ranked?
There is an eligibility criteria for ranking the companies in fortune 500, fortune 100, fortune 1000, fortune 100 and world fortune 10. The criteria is mentioned below:
Eligibility Criteria for Fortune 500:
For inclusion of a company in top 500 companies there is specific criteria.
- The company should be incorporated in America and operate from there.
- It should file the financial statements with a government run agency.
- Moreover, it have to provide the financial data for at least three last quarters.
- Such companies that are in working outside of US are not eligible to register in fortune 500.
- Lastly, private companies that are not publicly filing revenue data are also not eligible for fortune 500.
(For instance, in 2025, the combined Fortune 500 revenues reached nearly $19.9 trillion and profits of about $1.87 trillion.) (Solved Current Affairs MCQs)
| Serial No and Ranking | Name of the Company |
|---|---|
| 1 | Walmart, it is a retail store working all around the world. |
| 2 | Amazon, it is a online platform for buying of every kind of goods. |
| 3 | United Health Group, it deals with health. |
| 4 | Apple, it is a world top mobile and other electronic gadget brand. |
| 5 | CVS Health, deals with health matters. |
| 6 | Berkshire Hathaway |
| 7 | Alphabet |
| 8 | Exxon Mobil, deals with petroleum products. |
| 9 | McKesson |
| 10 | Chevron |
Elon Musk the Richest Man in World
Elon Musk is currently the richest man in the world. The reason for his richness is all about the technology with which he deals. Moreover,he deals with the latest technology, such as satellites, and to some extent the different kinds of vehicles. Moreover, his Starlink internet system is also very famous all over the world. Therefore, recently Elon Musk is the richest man in the world. There are many other rich persons in the world, but the total wealth of Elon Musk is much higher than the others. The US-based businessman is very rich. You can compare the wealth of Elon Musk with some third-world state’s GDP.
More about the main source of wealth of Elon Musk is his ownership of Tesla, that is about $174 billion and a stake in SpaceX, which is also $317 billion. Moreover, there are other ventures of Elon Musk, like Neuralink and the Boring Company. These are the source of Elon Musk that made him the richest person in the world.
