Here is your Forbes Daily Briefing for Wednesday, July 3rd.

Today on Forbes,

The Top 10 Richest People in the World, July 2024.

Legendary Investor Warren Buffett disclosed in June that he gave away Berkshire Hathaway shares

worth some 5.3 billion dollars.

That, plus a slight dip in the value of his stock, was enough to knock him down three spots

among the world's richest to number 10 as of July 1st.

That's the lowest, Buffett, the most generous person on the planet in absolute dollar terms,

has ranked in years. He is one of just two people, among the top ten richest,

to fall in the ranks this month. French luxury goods Ticoon Bernard Arno,

who had been the world's wealthiest person from February through late May,

slips to number three,

as shares of his LVMH group

fell for the second month in a row.

Meanwhile, Tesla's Elon Musk holds on to the top spot,

thanks to a very good June.

The electric carmaker shareholders voted in favor of Musk keeping

nearly 50 billion dollars of performance-based stock options. While Forbes will

continue to discount the Tesla options from the pay package by 50% until he receives those

options, a lengthy appeal process is expected.

His fortune is still up by 11.1 billion dollars since June 1st and nearly 19 billion dollars in the past two months.

His net worth will likely get a boost soon from SpaceX, which is reportedly set to sell shares

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