Top 10 Richest Tech Entrepreneurs in Silicon Valley in 2024

It is no secret that Silicon Valley gave rise to some of the most inventive and prosperous new-age enterprises in the history of mankind. Some of the most accomplished and inspiring tech entrepreneurs who have changed whole industries and the way the world works today were born in this region. As an entrepreneur, you can speed up your climb toward success by drawing inspiration from these established tech moguls. Here are the top 10 richest tech entrepreneurs in Silicon Valley in 2024.

Richest Tech Entrepreneurs in Silicon Valley

1. Elon Musk

Elon Musk, the billionaire CEO of Tesla and the richest person on the planet, founded a number of highly profitable businesses, including SpaceX, Tesla, Neuralink, and The Boring Company. Musk’s first venture into the industry was a little-known startup named Zip2, which hosted a searchable online business directory similar to the Yellow Pages. After selling Zip2, Musk went on to launch x.com, a platform for online payments that subsequently changed into PayPal. From then on, he led historically noteworthy advances in artificial intelligence, space exploration, and sustainable energy. Ranked among the richest tech entrepreneurs in Silicon Valley in 2024 with a net worth of $217 billion, he is a dreamer with ambition that would change the world.

2. Mark Zuckerberg

Mark Zuckerberg, the CEO and co-founder of Facebook (Later named Meta), has revolutionized the way people interact and share information. Mark co-founded Facebook during his early days in Harvard with classmates Eduardo Saverin, Dustin Moskovitz, and Chris Hughes. As the social networking platform started drawing engagement at other campuses when Zuckerberg left Harvard to concentrate solely on his expanding company. Zuckerberg currently serves as the CEO and chair of Meta. Meta’s has about 4 billion active monthly users. He is among the richest tech entrepreneurs in Silicon Valley in 2024 with a net worth of $138 billion. He has also made investments in other firms, such as Andela and Oculus VR.

3. Larry Page

The computer scientist is a co-founder of Alphabet, the company behind Google, one of the most potent digital companies that runs the most widely used search engine. In addition, Alphabet is in charge of other businesses, including Verily, Waymo, and Calico. Page started his journey to fame and wealth in a dorm room at college. In 1995, while studying at Stanford University, Page and another student Sergey Brin had the notion to improve web data extraction. The two created a brand-new search engine technology that they named Backrub because of its capacity to evaluate page links. After that, Page and Brin founded Google in 1998, with Page leading the business as CEO until 2019. He has a net worth of $132 billion.

4. Larry Ellison

Larry Ellison helped found Oracle, now one of the world’s top software businesses. Along with Oates and Miner, Ellison established Software Development Laboratories in 1977. It launched Oracle, the first hierarchical database application to employ Structured Query Language for commercial use, two years later. In 1982, SDL renamed itself as Oracle Systems Corporation due to the database program’s immense popularity. Despite stepping down as Oracle’s CEO in 2014, Ellison remains well-known for his charitable contributions, having given more than $1 billion to charitable causes. With a current net worth of $125 billion, he is among Silicon Valley’s most prominent tech entrepreneurs.

5. Steve Ballmer

Steve has been a key player in Microsoft’s rise to prominence in the tech industry. Bill Gates persuaded Ballmer to leave Stanford University’s MBA program, and he eventually joined Microsoft in 1980. In 2000, Ballmer succeeded Gates as CEO of Microsoft. He served in that capacity until resigning in 2014. Ballmer oversaw Skype’s $8.5 billion acquisition by Microsoft in 2011. Ballmer is the largest individual stakeholder of Microsoft, holding an estimated 4% of the software giant. Ballmer acquired the Los Angeles Clippers basketball team after leaving Microsoft, and he also made investments in a number of businesses, including Airbnb and Twitter. He has a net worth of $137 billion.

6. Michael Dell

Michael Dell, the man behind Dell Technologies, has a long history of being active in the business world. In 1984, at the age of 19, Dell used $1,000 to launch the company that bears his name in his Texas dorm room. After four years, it went public with a market value of $85 million. Dell retained a 70% ownership in the business when he decided to take it private once more in 2013, when it was valued at $25 billion. Since then, the business has prospered, and according to Dell, it is expanding more quickly than its competitors. Also, Dell has made investments in a number of firms, including Invincea and Cylance. He has a net worth of $82.5 billion.

7. Robert Pera

Robert J. Pera established Ubiquiti Networks, Inc., a multinational communications technology business, which he went public with in 2011. In March 2005, he used $30,000 of his personal savings and credit card debt to launch Ubiquiti Networks. Its debut products used Wi-Fi technology that was already in place in order to provide Internet connectivity to underprivileged communities that lacked the necessary infrastructure to use conventional means like phone lines and cable connections. With time, the business has expanded into new product categories with success, including security cameras, wireless networks, and conventional networking equipment. Today, his net worth stands at $6.9 billion.

8. Jensen Huang

The CEO and co-founder of NVIDIA is a well-known figure in the computer graphics industry. NVIDIA began selling G.P.U.s. to video gamers in 1993, but over time it expanded its customer base to include supercomputing users as well. Then, in 2013, Huang placed a wager on Nvidia’s future based on the use of AI, based on encouraging findings from the academic computer science community. From then on, it developed and eventually became one of the top suppliers of hardware and software for AI (AI). Its professional line of GPUs powers desktops in industries like scientific research, automotive, entertainment and media, engineering, building, architecture, and industrial design. Huang’s dynamic leadership and ability to drive growth has earned him a net worth of $52.8 billion.

9. Sergey Brin

As one of Google’s co-founders, the former president of the company will always be well-known in the entrepreneurial community. Google X, the company’s clandestine branch that concentrates on high-risk projects, is led by Sergey Brin. At the age of six, Brin—the son of two professors—left Moscow for the United States. In 1998, while pursuing their doctorates in computer science at Stanford University, he and Page launched Google. Google Glass, flying wind turbines, and smart contact lenses are among the things that bear Brin’s name. At present, he has a net worth of $82.5 billion.

10. Reid Hoffman

Reid Hoffman is best recognized for creating LinkedIn, the world’s largest professional networking website. In 2002, Hoffman and two colleagues from his previous job co-founded LinkedIn. Throughout its early years, LinkedIn grew steadily thanks to investments from peers. Over time, LinkedIn kept developing and adding new features to improve the user experience. During the course of his business career, Reed Hoffman rose to prominence in Silicon Valley as a highly sought-after angel investor. In addition to spearheading LinkedIn’s expansion, he launched AI startups such as Inflection AI, which create AI software tools that facilitate human-computer communication. He has a net worth of $2.4 billion.

Conclusion

So, those were the top 10 richest tech entrepreneurs in Silicon Valley in 2024. As we can see, these entrepreneurs and their innovations have transformed the way we live, work, and communicate. They continue to inspire new generations of entrepreneurs, and their impact will be felt for decades to come not just in Silicon Valley but also beyond that.

Also Read:

Business Talk

Business Talk is a digital business magazine that caters to CEOs, Entrepreneurs, VC, and Corporates. While working with entrepreneurs and business executives, we focus not only on their achievements. Our mission is to shed light on business entities, including their innovations, technological benchmarks, USPs, and milestones/accolades.