Cody Rhodes has achieved the top position in the 2024 Pro Wrestling Illustrated (PWI) 500 rankings, marking his first time at number one. The evaluation period for the rankings was from August 1, 2023, to July 31, 2024, during which Rhodes became the undisputed WWE Champion after defeating Roman Reigns at WrestleMania 40. Following Rhodes in the rankings are Swerve Strickland at second and Will Ospreay in third, with Seth Rollins and Tetsuya Naito rounding out the top five. The PWI 500 features an equal representation from WWE and AEW, with four wrestlers from each promotion included in the top ten. Rhodes emphasized the significance of the ranking, stating that it matters to wrestlers despite claims to the contrary. This marks a continuation of WWE's dominance in the PWI rankings, following previous top spots for Roman Reigns and Seth Rollins in the past two years.