Forbes’ 2024 list of the world’s richest people highlights top figures from different fields. Leading the list is Bernard Arnault & family, who hold the title of the wealthiest individual globally with a net worth of $213.5 billion. Jeff Bezos and Elon Musk follow closely behind, with fortunes of $197 billion and $191 billion, respectively. Mark Zuckerberg and Larry Ellison complete the top five, boasting significant wealth from their own ventures. Below are the stocks associated with each of them.
- Bernard Arnault & Family- $213.5 Billion
Louis Vuitton, part of LVMH, also known as Moët Hennessy Louis Vuitton (LVMUY), is a famous luxury brand known for its high status, top-notch quality, and expert craftsmanship. Investors like it for its strong reputation and its position as a top luxury fashion brand worldwide. LVMH also shows steady sales growth in many places and is making more profit, showing it’s strong and could keep doing well. Investors like Louis Vuitton for its creativity by always coming up with new ideas. Buying Louis Vuitton stock means believing in the brand’s lasting popularity, its money stability, and its chances to grow more in the luxury market.
- Jeff Bezos – $197.6 Billion
Investors find Amazon stock (AMZN) attractive because of its strong presence in online shopping, cloud services, and other industries. Amazon’s constant innovation, wide-reaching customer base, and well-known brand make its stock very appealing for investors. Its stable income from different sources like Amazon Web Services (AWS) and online sales suits are very appealing for both short-term and long-term investors. Positive feelings about Amazon’s financial performance, such as its cash flow and market position, add to the reasons why stock is so popular. Overall, Amazon’s reputation for growth and resilience continues to drive investor interest and support.
- Elon Musk – $191.1 Billion
Tesla (TSLA) stands out as a top player in the electric vehicle (EV) scene, known for its creative tech and game-changing strides in eco-friendly travel. This draws in investors who see the promise of electric cars and believe in Tesla’s role in shaping the car industry of tomorrow. Plus, Tesla’s CEO, Elon Musk, is quite a character, and his big ideas earn him trust from investors. Musk dreams of making cars drive themselves and expanding Tesla’s energy-saving solutions, which excites his followers looking for big investment chances. Tesla’s got a solid fan base too, making it more than just a car company; it’s a symbol of moving forward and doing things differently.
- Mark Zuckerberg – $155.7 Billion
Meta (META), previously Facebook, is a top social media platform with over 3 billion users worldwide, making it a great choice for investors looking to tap into the digital advertising market. Meta’s move into virtual reality (VR) and augmented reality (AR) tech, like the Oculus VR headset, shows its commitment to growing its revenue sources and staying ahead in technology. Investors also see potential in Meta’s ability to benefit from the recovering advertising market, thanks to its successful ad campaigns and efforts to keep users engaged. Overall, Meta’s long-term strategy, huge user base, and innovative tech projects make its stock an attractive option for many investors.
- Larry Ellison – $148.5 Billion
Oracle (ORCL) is a big tech company known for its computer software and services, like databases and cloud computing. Investors like Oracle because it’s well-known for providing reliable tech solutions, which makes it a popular choice for people looking to invest in the tech industry. Oracle also grows by buying other companies, like Cerner Corporation, showing it wants to offer more and stay competitive. Plus, Oracle is doing well in cloud computing and has big clients like Zoom Video Communications, which makes investors feel good about its future growth. In general, investors buy Oracle stock because they trust it to keep coming up with new ideas, follow market trends, and make money for its shareholders in the long run.
| Company | Company Symbol | Price to Book | PEG | PE | Price to Sales | Forward PE | Yield |
| LVMH Moët Hennessy – Louis Vuitton, Société Européenne | LVMUY | 6.48 | 2.62 | 26.08 | 4.59 | 23.87 | 1.65% |
| Amazon.com, Inc. | AMZN | 9.26 | 2.24 | 61.94 | 3.28 | 42.55 | NA |
| Tesla, Inc. | TSLA | 8.34 | 2.75 | 43.04 | 6.2 | 62.11 | NA |
| Meta Platforms, Inc. | META | 7.52 | 1.03 | 25.51 | 8.19 | 22.52 | 0.45% |
| Oracle Corporation | ORCL | 57.29 | 1.3 | 30.93 | 6.28 | 18.73 | 1.37% |
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Disclosure: Author owns AMZN.
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