The major characteristics that the world’s richest people have in common include their investments or establishment of companies with a market worth billions or trillions of dollars, as well as their capacity to profit from compounding financial advantages over time. Depending on their most recent net worth and level of financial success, the list of the world’s wealthiest people may change each year. Here is a list of the top 10 Richest People in the World as of 2023, along with some interesting information about each one of them, taken from the June version of the Forbes List. Each of these people – founders, leaders, inventors, and visionaries—had a successful career that resulted in the accumulation of immense fortune.
10 Wealthiest Person in the World in 2023
1. Elon musk
Elon Musk is the CEO of Tesla, Inc. Transportation both on Earth with the help of electric vehicle manufacturer Tesla and in space, with the help of rocket manufacturer SpaceX. He established Tesla, which is now worth about $800 billion, and Musk’s rocket firm, SpaceX, which is now worth almost $100 billion. This has contributed significantly to his riches. Musk, though, has long held positions at several other well-known businesses and his roots are in a group referred to as the “PayPal Mafia.” PayPal’s graduates have all achieved great success in their own right, including serial entrepreneurs and angel investors.
|Net worth||$232.8 billion|
|Company||Tesla, SpaceX, The Boring Company, Neuralink, Twitter, PayPal|
|Other assets||Space Exploration Technologies ($40.3 billion private asset), The Boring Company ($3.4 billion private asset), Twitter ($2.9 billion public asset), $11.3 billion in cash|
2. Bernard Arnault
The second-richest person on the planet today, Bernard Arnault built his wealth in the luxury goods sector by owning iconic companies like Christian Dior and Louis Vuitton. He has attained the top of the food chain, like many others on this list, by focusing on rich demographics and keeping a 47% ownership in his business, LVMH. More than 70 brands are part of Arnault’s premium fashion empire, which he and his siblings run. The addition of Tiffany & Co. to the panel in January 2021 for a reported $15.8 billion was thought to be the most expensive acquisition in the history of high-end clothing. Beyond merely the fashion industry, Arnault also controls several upscale hotels and cruise companies, which have further increased his net worth over time.
|Net worth||$148.1 billion|
|Industry||Fashion and Hospitality|
|Other assets||Moelis & Company equity ($20.2 billion public asset), Hermès equity (undisclosed stake), and $11.1 billion in cash|
3. Jeff Bezos
Jeff Bezos, the founder, and CEO of Amazon is now the third richest man on the planet. At the age of 30, Jeff Bezos quit his job in finance to launch an online bookstore that many people thought was a stupid idea. Today, the business is known as Amazon, and its market capitalization exceeds $1 trillion. The e-commerce industry, which has grown to be one of the biggest in the world, is ascribed to Bezos as its founder. His invention not only affected bookshops, but also other traditional merchants. He transformed Amazon into a marketplace where customers could buy and sell nearly anything, and he built one of the most advanced logistics firms in the world. Bezos didn’t stop there, expanding to include Amazon Prime Video and Amazon Web Services, and as a result, it has grown to become the world’s largest provider of cloud services. After achieving enormous success, he left the firm, although he still owns a 10% investment in it. Since then, he has concentrated his energies on Blue Origin, a corporation that uses suborbital space travel to colonize other planets while protecting Earth.
|Net worth||$139.4 billion|
|Industry||E-commerce and Technology|
|Other assets||Blue Origin ($9.15 billion private asset), The Washington Post ($250 million private asset), and $14.9 billion in cash|
4. Gautam Adani
Gautam Adani, the Adani Group’s promoter, has divided his multimillion-dollar corporate fortune among many industries, including energy, logistics, agriculture, aerospace, and others. He is the richest man in Asia thanks to The Adani Group, a worldwide company that manages port operations and projects in India. Adani’s father, who had a textile company, is the true originator of his entrepreneurial DNA. Despite having the chance to inherit the company, Adani chose to pursue his aspirations for a vast fortune instead. Adani joined the diamond business shortly after leaving home, where he swiftly became a billionaire. He established Adani Enterprises, a conglomerate that today manages several enterprises in industries including energy, transportation, mining, infrastructure, logistics, cement, and fast-moving consumer products, after becoming wealthy.
|Net worth||$99.2 billion|
|Industry||Energy and Transportation|
|Other assets||65% of Adani Ports & Special Economic Zone ($11.3 billion public asset), 61% of Adani Green Energy ($23.1 billion public asset), 37% of Adani Total Gas ($12.7 billion public asset)|
5. Bill Gates
Growing up, Bill Gates was a computing genius who created his first software at the age of 13. The fact that he would later go on to co-found Microsoft, the biggest computer software firm in the world, wasn’t known at the time. Gates opted to resign as CEO of Microsoft in 2000 despite the company being formed in 1975. Over the years, he continued to play a vital role in the business as Microsoft proceeded to grow in the computer, software, and gaming industries by buying Activision Blizzard in a $68.7 billion deal. To concentrate on charity through the Bill and Melinda Gates Foundation, Gates relinquished his responsibilities at Microsoft.
|Net worth||$124.6 billion|
|Other assets||Cascade Investment LLC ($53.4 billion public assets), $56.6 billion in cash|
6. Larry Ellison
Like many others on this list, Larry Ellison can credit the development of technology with his success. After quitting college, Larry Ellison started Oracle in 1977, growing it from its infancy to become one of the biggest software and database firms in the world. Oracle has a market value of 187.7 billion at present time, and Ellison has so far held onto a share of more than 40%. Ellison earned his wealth, but because of the large investments he made in Tesla before the company’s stratospheric growth, he was able to make a net return on investment of more than 1,000%. Ellison joined the Tesla board in 2018, but the company announced in June that he would be departing. About 1.5% of Tesla’s total outstanding shares are still in his possession.
|Net worth||$97.1 billion|
|Other assets||$14.6 billion in cash|
7. Warren Buffett
One of the greatest investors of all time is Warren Buffet, who is also known as the Oracle of Omaha. His holding company, Berkshire Hathaway, is in charge of overseeing an investment portfolio that also includes sizable interests in the stock of many banks and Apple. Buffett regularly discusses the role that compound interest played in helping him build his riches. While it still works to his advantage, Buffett has already donated $45.5 billion toward his pledge to donate 99 percent of his wealth to charitable institutions and humanitarian causes during his last years. Buffett is extremely wealthy, but he doesn’t live in a multimillion-dollar home. Instead, he stays in the same Omaha house that he paid roughly $31,500 in 1958.
|Net worth||$97 billion|
|Industry||Investing and finance|
|Other assets||$1.1 billion in cash|
8. Larry Page
Larry Page served as CEO of Google from 1998 until 2001. From 2011 to 2015, he served again as CEO, and he continues to be a board member and the biggest shareholder. Today, Google is now a part of Alphabet, the holding company for the internet giant that also owns Fitbit, Mandiant, Looker, and Nest as well as YouTube, Google Play, and Android. When Google created its search engine, advancements in GPS mapping and translation led to several technological redefinitions. To Page’s luck, this ultimately resulted in the development of one of the biggest advertising platforms in the world. Google alone brought in $209.49 billion in ad revenue last year.
|Net worth||$99.7 billion|
|Industry||Technology and Advertising|
|Other assets||$14.6 billion in cash|
9. Mukesh Ambani
Reliance Industries Limited, the largest private-sector corporation in India, rose from the yarn trade business Mukesh Ambani‘s father founded in 1957 to have him as chairman and managing director. Ambani attended Stanford University’s MBA program after graduating with a degree in chemical engineering but left to go back to India to help his father expand the company. Reliance’s expansion into petrochemicals, petroleum refining, and ultimately oil and gas exploration and production is ascribed to Ambani. Previously, Reliance had only produced textiles and polyester fibers. Reliance now runs the largest 4G internet wireless network in the world and is also India’s largest retailer.
|Net worth||$92.1 billion|
|Company||Reliance Industry Limited|
|Industry||Industry, Telecommunication, and Retail|
|Other assets||Mumbai residential property|
10. Sergey Brin
In 1998, Larry Page and Sergey Brin co-founded Google. So it’s not surprising that he appeared on the list of the Richest People in the World in any way, he ranks tenth among them. Before beginning their business, the two met at Stanford University, and like Page, Brin still serves as a board member with active involvement. More recently, Brin established Bayshore Capital Management in Singapore, an area with advantageous tax laws and one that is ripe for investment, to handle his money.
|Net worth||$95.9 billion|
|Industry||Technology and Advertising|
|Other assets||$14.8 billion in cash|
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