World’s Top Business Leaders and Popular Business Leaders: Managers today control a growing proportion of the world economy as information and communication technologies develop quickly, mergers and acquisitions increase, and share prices rise.
As business valuations of the leading companies hit new records, S&P 500 is set to have its best year this millennium.
World’s Top Business Leaders
Out of the lot, the world’s richest person recently became the first man on the Bloomberg Billionaires Index to amass a total net worth of over $400 billion; his name is Elon Musk, the CEO and founder of Tesla and SpaceX.
Musk has been ranked as the most powerful person in business based on the years 2024 for his incredible achievements on the technological advancement and environmentally friendly technology.
Behind Musk is Nvidia CEO Jensen Huang, who manages one of the world’s most valuable companies because he revolutionized computing and artificial intelligence (AI).
Huang became nearly 34 times richer at the close, taking his fortune from $3.6bn to $124.1bn on the back of a 4.1% rise in shares of Nvidia that reached above $144 for the first time in its history, as reported in Forbes.
The only female among the top ten executives of automobiles and parts is Mary Barra who is noted as the head among the 100 most powerful women in business for 2024.
Other prominent personalities in the Fortune 100 Most Powerful People in Business 2024 include Satya Nadella, Microsoft, Warren Buffett, Berkshire Hathaway, Sam Altman, Open AI and amongst the others.
Well considering the individuals whose decisions and visions are not altering companies they or their companies but also affecting economies and societies across the globe, here are the 10 most powerful business leaders in the world in the year 2024.
Top 10 Most Powerful Business Leaders Around the World in 2024
| Rank | Name | Designation | Associated Companies |
| 1 | Elon Musk | CEO and Founder | Tesla, SpaceX, X (formerly Twitter), xAI |
| 2 | Jensen Huang | CEO, President, and Founder | NVIDIA |
| 3 | Satya Nadella | CEO | Microsoft |
| 4 | Warren Buffett | Chairman and CEO | Berkshire Hathaway |
| 5 | Jamie Dimon | Chairman and CEO | JPMorgan Chase |
| 6 | Tim Cook | CEO | Apple |
| 7 | Mark Zuckerberg | CEO and Founder | Meta |
| 8 | Sam Altman | CEO and | OpenAI |
| 9 | Mary Barra | Chairperson and CEO | General Motors |
| 10 | Sundar Pichai | CEO | Alphabet (Google) |
Source: Fortune, World’s 100 Most Powerful People in Business
One and only Indian businessman featured in the Global 100
The chairman & managing director of Reliance Industries Ltd, Mukesh Ambani has set the benchmark himself within the Fortune’s rank of 100 Most Powerful People in Business and the only Indian man to do this.
Reliance is one of the leading conglomerates in India, which operates in petro chemical sector, retailing, entertainment and telecommunication industries.
As of A & W, November, 2024, the Chairman & CEO of Reliance Industries Ltd based in Mumbai ranks twelfth in Fortune Global 100 with estimated $ 100 billion making him the richest man from Asia.
Methodology: How is power determined correctly?
This is not dependent on the figures generated in terms of revenue or the position of that person in an organization.
According to the business capacity, power can be measured by business’s size and profitability, its market value and liquidity, business operating and solvency capacity, innovativeness, influence, career opportunities for the employees, and the overall effect on the business.
Most Powerful People list has excluded 40 leaders belonging to 40 different fields of work who range between their 30s and 90s; they are the founders, CEOs, disruptors and innovators.
Their commonality is the possessiveness of a great potential to influence the thoughts and behaviors of others by mouth and example as well as through their money power.
List of the top 10 most powerful business leaders around the world (Popular Business Leaders)
Elon Musk – CEO/Founder – Tesla; SpaceX; X (formerly twitter); xai
Since going over the US $100 billion AUD wealth mark and making his way onto the list of the richest persons on the planet, Elon Musk remains one of the leading innovators in technology and sustainability, and the head of multiple successful corporations.
Through his leadership on different mega endeavors, such as Tesla Corporation in electric vehicles, SpaceX Corporation in space technology, x Corporation was a social platform that was previously known as Twitter and x AI Corporation in Artificial intelligence, he has transformed fields. Ranking of Elon Musk As the world’s leading visionary entrepreneur Elon Musk is singularly the most relevant authority in clean energy, space travel and artificial intelligence.
And until 2024, he continues at the top of the major ones, continuing to be the most powerful business leader in the world.
Jensen Huang – Chief Executive Officer, President, and founder – NVIDIA
Founder and CEO jobject Jensen Huang is the founder of NVIDIA, one of the world’s most valuable businesses in the field of computing, AI, and GPUs. Nvidia has grown tremendously under his leadership especially in its revolutionary impacts in AI, Machine learning and HPC. Because of Huang leading edge in pushing technology further, his own net worth has soared and NVIDIA has become an influential player in enabling the tech revolution in various fields ranging from gaming, automotive to healthcare.
Satya Nadella – Microsoft – Chief Executive Officer
Microsoft Corporation CEO Satya Nadella has led a colossal cultural change at the company addressing the firm’s last big bet – on cloud services and artificial intelligence. During his tenure, Azure, Microsoft’s cloud division, has grown to become one of the largest providers of cloud services to business across geographies.
With action strategy emphasis on innovation and culture of inclusion and collaboration Nadella has made Microsoft a more responsive and profitable organization. Although his chief area of concern includes AI and machine learning, sustainable technology places Microsoft at the heart of technology innovation.
Warren Buffett – Berkshire Hathaway – Chairman and CEO
Warren Buffett one of the world’s greatest investor, still serves as the chairman and CEO of Berkshire Hathaway a company that owns various companies in various fields. Popularly known as the ‘Oracle of Omaha’ due to his long term, uncomplicated and steeped investment approach, Buffett has mastered the act of patience.
That shows his reach is beyond investment arenas because he affects the stock exchange globally. Taking into consideration market fluctuations and shareholder reactions, Buffett’s skills in leading the Berkshire Hathaway through economic changes, have placed him for a true business titan.
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