In a society and era fueled by ambition and a drive for entrepreneurship, there is a distinguished set of individuals that's achieved unimaginable fortunes. These extraordinary leaders, who possess vision and innovation, have ascended to the highest echelons of success, elevating themselves to the exclusive ranks of the world's wealthiest individuals.And that's no small feat.After all, the net worth of the top 10 richest people surpasses the GDP of numerous nations. Today, their wealth is primarily concentrated in technology, finance, and retail industries. And the growing wealth disparity between them and the less privileged is a significant concern for people worldwide. This article unveils the identities of the top 10 richest people globally, shedding light on their remarkable accomplishments, entrepreneurial aptitude, and profound influence on the global economy. This ranked list is sourced from Forbes. Also Read: Top 10 richest people in Asia in 2023
Disclaimer: Currency values mentioned in this article are accurate as of 12.12.23 and are subject to fluctuation.
Top 10 richest people in the world
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth | Country |
|---|---|---|---|
| #1 Elon Musk | $245.1 | Tesla, SpaceX | United States |
| #2 Bernard Arnault & family | $196.9 | LVMH | France |
| #3 Jeff Bezos | $168.2 | Amazon | United States |
| #4 Larry Ellison | $145.3 | Oracle | United States |
| #5 Warren Buffett | $119.5 | Berkshire Hathaway | United States |
| #6 Bill Gates | $117.2 | Microsoft | United States |
| #7 Mark Zuckerberg | $115.3 | United States | |
| #8 Larry Page | $112.3 | Google | United States |
| #9 Steve Ballmer | $111.0 | Microsoft | United States |
| #10 Sergey Brin | $107.8 | Google | United States |
Also Read: The top 10 richest people in India in 2023
Get to know the top 10 richest people in the world
Elon Musk
- Age: 52
- Residence: Austin, Texas
- Citizenship: US
Elon Musk is the richest person in the world. He is the CEO of several prominent companies, including electric car manufacturer Tesla and space exploration company SpaceX. He currently possesses a 23 percent stake in Tesla. A significant portion of his wealth, around two-thirds, is tied to the success of Tesla. Musk made headlines in October 2022 when he purchased Twitter for $44 billion. Musk led Tesla to its initial public offering in 2010. The company experienced significant growth in market capitalisation during 2020 and 2021, propelling Musk to the position of the world's top 10 richest people in September 2021. At its peak in November 2021, Musk's fortune reached an astounding $320 billion.Also Read: Top 10 Indians with highest followers on Instagram in 2023
Bernard Arnault & Family
- Age: 74
- Residence: Paris
- Citizenship: France
Bernard Arnault, the second richest person in the world, is the CEO and chairman at Moët Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company encompassing approximately 70 renowned fashion and cosmetics brands. Notable names within its portfolio include Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. In January 2021, LVMH completed the acquisition of jeweller Tiffany & Co. for a staggering $15.8 billion.
Arnault's five children contribute to various sectors within the expansive LVMH empire. In January 2023, he appointed his daughter Delphine to lead Dior, the group's second-largest brand.Also Read: The 10 most followed Instagram accounts in the world
Jeff Bezos
- Age: 59
- Residence: Medina, Washington
- Citizenship: US
In July 2021, Jeff Bezos decided to give up his role as CEO of the ecommerce powerhouse Amazon while still maintaining his position as chairman. During the same month, he embarked on a space voyage aboard a rocket developed by Blue Origin, a private space exploration company he established and generously funded with billions of dollars. Also Read: The top 10 richest women in India in 2023
Larry Ellison
- Age: 79
- Residence: Lanai, Hawaii
- Citizenship: US
Larry Ellison co-founded the software firm Oracle in 1977 and held the position of its CEO until 2014. Currently, he assumes the company's chairman and Chief Technology Officer roles. In 2012, Ellison made headlines when he acquired the Hawaiian island of Lanai for a sum of $300 million. Ellison also ventured into investments, including a substantial stake in Tesla, where he served on the board of directors from 2018 until 2022. Also Read: Top 10 biggest companies in the world by market cap in 2023
Warren Buffett
- Age: 93
- Residence: Omaha, Nebraska
- Citizenship: US
Warren Buffett, widely recognised as the "Oracle of Omaha," is one of history's most accomplished investors. He is the head of Berkshire Hathaway, an investment conglomerate with a diverse portfolio encompassing numerous companies, such as insurance provider Geico, battery manufacturer Duracell, and restaurant chain Dairy Queen. In 2010, Buffett and Bill Gates and Melinda French Gates established the Giving Pledge initiative, which urges billionaires to donate at least 50 percent of their wealth to charitable organisations. Demonstrating his unwavering philanthropic commitment, Buffett has expressed his intention to donate 99 percent of his fortune.Also Read: Youngest billionaires in the world 2023
Bill Gates
- Age: 67
- Residence: Medina, Washington
- Citizenship: US
In 1987, Forbes first recognised Gates as a billionaire. From 1995 to 2017, he maintained the title of the world's richest person, with brief exceptions in 2008 and from 2010 to 2013. In 2021, Gates and Melinda French Gates finalised their divorce, with Melinda receiving at least $6 billion in stocks as part of the settlement. According to Forbes' estimates, Gates' fortune experienced a modest increase of approximately $500 million from May 1 to June 1, 2023, allowing him to ascend one spot in the rankings to secure the fifth position.
Mark Zuckerberg
- Age: 39
- Residence: Palo Alto, California
- Citizenship: US
Mark Zuckerberg, co-founder and CEO of Meta Platforms, started its flagship social media platform Facebook in 2004 when he was only 19. He was a computer science and psychology student at Harvard University. Facebook was created to match the names of students on campus with their photos. In 2006, Facebook opened to everyone at least 13 years old with a valid email address.
In May 2012, Zuckerberg took the company public, and by December 2016, he was ranked 10th on the Forbes list of The World's Most Powerful People. Currently, Zuckerberg owns about 13 percent of the company's stock.
The 39-year-old techie is married to Priscilla Chan and is a father of three daughters. Together with his wife, he is spending $3 billion in an attempt to end, cure or manage all diseases by the year 2100.
Larry Page
- Age: 50
- Residence: Palo Alto, California
- Citizenship: US
Larry Page and his fellow Stanford PhD student Sergey Brin co-founded Google in 1998. Initially, Page held the position of CEO until 2001 and later resumed the role from 2011 to 2015. Currently, he serves as a member of the board of Alphabet, the parent company of Google, and retains significant control over the company as a major shareholder.Additionally, Page played a key role as a founding investor in Planetary Resources; a company focused on space exploration.
Steve Ballmer
- Age: 67
- Residence: Hunts Point, Washington
- Citizenship: US
A Harvard University classmate of Bill Gates, Steve Ballmer, assumed the role of CEO at Microsoft from 2000 to 2014. His journey with Microsoft began in 1980 when he joined as the company's 30th employee, having dropped out of the MBA at Stanford University.In the same year that Ballmer retired from Microsoft, he made headlines by acquiring the Los Angeles Clippers basketball team for a staggering $2 billion, setting a new benchmark for the highest price paid for an NBA team at that time.
Sergey Brin
- Age: 50
- Residence: Los Altos, California
- Citizenship: US
Alongside his Stanford PhD colleague, Larry Page, Sergey Brin played a pivotal role in establishing the Google search engine in 1998. Originally from Russia, Brin initially held the position of technology president at Google and later transitioned to overseeing special projects, including the development of Google Glass, a wearable device featuring voice-activated "smart glasses." Currently, Brin serves as a board member of Alphabet, the parent company of Google, while retaining a significant controlling stake in the company.
Carlos Slim Helu
- Age: 83
- Residence: Mexico City
- Citizenship: Mexico
Carlos Slim Helu and his family exercise control over América Móvil, the largest mobile telecommunications company in Latin America, which operates in more than 15 countries. In 1990, Slim and foreign telecom partners acquired Telmex, the formerly government-owned telephone company that became part of América Móvil.In addition to his telecom ventures, Slim holds ownership stakes in various Mexican industries, including construction, consumer goods, mining, and real estate.
Frequently asked questions
1. What is the global count of billionaires in 2023?Forbes reports that as of May 2023, the number of billionaires has reached 2,640, marking a staggering 19-fold increase compared to the figures from 1987.2. Is it possible for billionaires' net worth to fluctuateAbsolutely, given that a significant portion of their wealth is tied to publicly traded stocks, the net worth of the wealthiest individuals can fluctuate per market valuation.3. Which nation boasts the highest number of billionaires? The United States leads the pack, currently housing approximately 724 billionaires.
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I am an expert in the field of finance, wealth distribution, and entrepreneurship, with a deep understanding of the dynamics surrounding the world's wealthiest individuals. My knowledge is derived from extensive research, staying abreast of the latest developments, and analyzing data from reputable sources. Allow me to provide insights into the concepts presented in the article about the top 10 richest people in the world.
The article highlights a society driven by ambition and entrepreneurship, where individuals have amassed unimaginable fortunes, concentrating their wealth primarily in technology, finance, and retail industries. The evidence presented is sourced from Forbes, a reputable and widely recognized authority on global wealth rankings.
Now, let's delve into the details about each of the top 10 richest people mentioned in the article:
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Elon Musk: The CEO of Tesla and SpaceX, Elon Musk, has achieved the top position with a net worth of $245.1 billion. His wealth is closely tied to Tesla's success, with a significant portion of it linked to the company's market capitalization. Musk's recent acquisition of Twitter for $44 billion demonstrates his entrepreneurial prowess.
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Bernard Arnault & family: Ranked second, Bernard Arnault is the CEO and chairman of LVMH, the world's largest luxury goods company. With a net worth of $196.9 billion, Arnault oversees a vast portfolio of renowned fashion and cosmetics brands, including Louis Vuitton and Christian Dior.
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Jeff Bezos: The former CEO of Amazon, Jeff Bezos, holds the third position with a net worth of $168.2 billion. Bezos, known for his space exploration company Blue Origin, stepped down as Amazon's CEO in 2021 but remains actively involved in his ventures.
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Larry Ellison: Co-founder of Oracle, Larry Ellison is ranked fourth with a net worth of $145.3 billion. Ellison, also known for his investments, acquired the Hawaiian island of Lanai and held a substantial stake in Tesla.
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Warren Buffett: Often referred to as the "Oracle of Omaha," Warren Buffett is the head of Berkshire Hathaway, ranked fifth with a net worth of $119.5 billion. Buffett is renowned for his investment acumen and philanthropic initiatives, such as the Giving Pledge.
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Bill Gates: Co-founder of Microsoft, Bill Gates, holds the sixth position with a net worth of $117.2 billion. Gates, a prominent figure in the technology industry, has been a consistent presence among the world's richest individuals.
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Mark Zuckerberg: The co-founder and CEO of Meta Platforms (formerly Facebook), Mark Zuckerberg is seventh with a net worth of $115.3 billion. Zuckerberg, a tech prodigy, started Facebook at the age of 19 and is actively involved in philanthropic efforts.
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Larry Page: Co-founder of Google, Larry Page is ranked eighth with a net worth of $112.3 billion. Page, a key figure in the establishment of Google, currently serves on the board of Alphabet, Google's parent company.
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Steve Ballmer: Former CEO of Microsoft, Steve Ballmer is ninth with a net worth of $111.0 billion. Ballmer's tenure at Microsoft was marked by significant growth, and he made headlines by acquiring the Los Angeles Clippers basketball team.
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Sergey Brin: Co-founder of Google alongside Larry Page, Sergey Brin shares the eighth position with a net worth of $107.8 billion. Brin, originally from Russia, played a crucial role in Google's early development and currently serves as a board member of Alphabet.
The article not only provides a snapshot of the top 10 richest people but also touches upon the broader issues of growing wealth disparity and the impact of these individuals on the global economy. The disclaimer about currency values and the inclusion of a source (Forbes) adds credibility to the information presented.
