The world's richest 25 people lost $200 billion last year—Jeff Bezos' net worth fell the most (2024)

If your portfolio had a rough time last year, know you're not alone.

The richest 25 people in the world lost a collective $200 billion in net worth in 2022, according to Forbes' 2023 World Billionaires List released this week. That brings their collective worth down to $2.1 trillion as of March 10.

Both the number of billionaires in the world and their volume of wealth are down. While 254 people lost their billionaire status last year, the remaining 2,640 billionaires lost a combined $500 billion. Embattled FTX founder Sam Bankman-Fried and Kanye West are among those who left the club.

Despite Twitter drama and sliding Tesla shares, Elon Musk didn't wind up losing the most last year, according to Forbes. That title goes to Jeff Bezos, whose net worth dropped $57 billion due to a 38% drop in Amazon's stock price as of March 10.

Musk ended up losing just $39 billion, but dropped from the top spot to No. 2 in the rankings.

Bernard Arnault, head of luxury conglomerate LVMH, earned the No. 1 spot after adding $53 billion to his net worth in 2022, launching him to the top of the richest list for the first time.

Here are the 10 richest people in the world as of March 2023, according to Forbes.

1. Bernard Arnualt & family

  • Net worth: $211 billion
  • Source of wealth: LVMH (France)

2. Elon Musk

  • Net worth: $180 billion
  • Source of wealth: Tesla, SpaceX

3. Jeff Bezos

  • Net worth: $114 billion
  • Source of wealth: Amazon

4. Larry Ellison

  • Net worth: $107 billion
  • Source of wealth: Oracle

5. Warren Buffett

  • Net worth: $106 billion
  • Source of wealth: Berkshire Hathaway

6. Bill Gates

  • Net worth: $104 billion
  • Source of wealth: Microsoft

7. Michael Bloomberg

  • Net worth: $94.5 billion
  • Source of wealth: Bloomberg LP

8. Carlos Slim Helú & family

  • Net worth: $93 billion
  • Source of wealth: Telecom

9. Mukesh Ambani

  • Net worth: $83.4 billion
  • Source of wealth: Reliance Industries (India)

10. Steve Ballmer

  • Net worth: $80.7 billion
  • Source of wealth: Microsoft

Some entries are listed with their families because Forbes includes wealth belonging to a billionaire's spouse and children if the person is the founder of the fortune. Otherwise, multi-generational families who share a fortune are listed as individuals.

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The world's richest 25 people lost $200 billion last year—Jeff Bezos' net worth fell the most (1)

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The world's richest 25 people lost $200 billion last year—Jeff Bezos' net worth fell the most (2024)

FAQs

Who is No 1 richest person in the world? ›

Jeff Bezos is world's richest person again, edging out former No. 1 Elon Musk - CBS News.

Does Jeff Bezos have $200 billion dollars? ›

Amazon founder and executive chairman Jeff Bezos became the only American with a net worth above $200 billion Wednesday, enjoying a boost from Amazon stock's flirtation with an all-time high.

Who is richer Elon Musk or Jeff Bezos? ›

Jeff Bezos has reclaimed the title of the richest person on Earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday.

Who is the richest girl in the world? ›

Françoise Bettencourt Meyers

With an eye-watering net worth of $99 billion, Francoise Bettencourt Meyers, a French businesswoman and philanthropist, is the richest woman in the world.

Who are the top 3 richest person in the world? ›

The top 10 richest people in the world as of April 1, 2024, are:
  • Bernard Arnault.
  • Jeff Bezos.
  • Elon Musk.
  • Mark Zuckerberg.
  • Bill Gates.
  • Steve Ballmer.
  • Warren Buffett.
  • Larry Ellison.

Who is the first Centillionaire? ›

Rockefeller became the world's first confirmed billionaire. It wasn't until 1999 when the world saw its first centibillionaire, when Bill Gates' net worth, however briefly, surpassed $100 billion.

Who is the richest person in the US? ›

The 400 Richest People In America. 1. Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.

How rich is Taylor Swift? ›

Taylor Swift has joined the exclusive billionaire club, thanks to her highly successful Eras tour. According to a report from Bloomberg, the 33-year-old pop star has amassed a net worth of about $1.1 billion, primarily from her music.

Who is richer than Elon Musk? ›

Bernard Arnault, CEO and chairman of luxury goods group LVMH, moved back into the No. 1 richest spot on January 31, 2024, overtaking Elon Musk—and Arnault held onto that rank throughout February and March.

How much is Taylor Swift worth? ›

She also owns numerous pricey properties across the U.S. Both Bloomberg and Forbes pin her net worth at an estimated $1.1 billion on the low end, based on analyses of her fortune.

How is Taylor Swift a billionaire? ›

Last year, Billboard estimated that the Swift grossed approximately $1.82 billion in music sales and royalties, concert tickets, merchandise sales at concerts and movie ticket sales in 2023 through Dec. 7.

How many billionaires are in China? ›

There are currently 3,279 billionaires globally, a 5% increase from 2023, the report showed. According to the country ranking, China still tops the list with 814 billionaires even though the country lost 155 billionaires from a year ago.

Is Taylor Swift on Forbes list? ›

Taylor Swift officially landed on Forbes' billionaires list on Tuesday, April 2. But what distinguishes the 34-year-old singer-songwriter from other wealthy artists is how she accumulated her billion-dollar fortune.

Is Taylor Swift a billionaire? ›

Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion. In a rare feat, Swift is the first musician to reach the milestone solely from songwriting and performing.

Which country has most billionaires? ›

They hail from 78 countries, up from 77 in 2023. The U.S. remains the country with the most billionaire citizens, with 813 who are collectively worth $5.7 trillion, both records.

How rich is Elon Musk? ›

On September 27, 2021, after Tesla stock surged, Forbes announced that Musk had a net worth of over $200 billion, and was the richest person in the world. In November 2021, Musk became the first person to have a net worth of more than $300 billion.

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