Top 10 Richest People in the World 2023

All of the richest people in the world share two common wealth-building traits: they all invest in businesses or have created companies that have become worth billions or trillions of dollars, and they have benefited from the passage of time and the impact of capital gains. here we know about Top 10 Richest People in the World 2023?

These people are founders, leaders, visionaries and innovators, each with a unique story behind their success that allowed them to collect large amounts of money. Take a look at the Top 10 Richest People in the World in 2023 listed in the Bloomberg Billionaires Index, where they are.

Who is the Richest Person in the World in 2023?

Recently Elon Musk lost his title as the richest man in the world as tesla’s value – one of tycoon’s companies – fell on the stock market. The billionaire recently sold nearly $4 billion worth of shares in the company and $15.4 billion earlier this year. As a result, Bernard Arnault, president and CEO of LVMH Group, is now the richest person in the world.

According to Forbes the list of real-time billionaires Bernard Arnault, CEO of French luxury company LVMH, has surpassed tesla CEO. Arnault and his family now have a net worth of $188.6 billion, more than anyone else in the world according to Forbes.

Latest List of Top 10 Richest People in the World 2023

1. Bernard Arnault ($180.3 billion) France
2. Elon Musk ($157.3 billion) US
3. Gautam Adani ($128.6 billion) India
4. Jeff Bezos ($109.1 billion) US
5. Bill Gates ($103.1billion) US
6. Warren Buffett ($97 billion) US
7. Larry Page ($96 billion) US
8. Sergey Brin ($93 billion) US
9. Larry Ellison ($92 billion) US
10. Steve Ballmer ($90 billion) US

1. Bernard Arnault

Age: 73
Residence: Paris
CEO & Chairman: LVMH (LVMUY)
Net worth: $180.3 billion
Christian Dior’s ownership stake: 97.5% (total $107 billion)
Other assets: Moelis & Company’s equity ($19.8 billion public assets), Hermès equity (undisclosed stake), and $9.1 billion in cash

Bernard Arnault, chairman of French luxury goods maker LVMH, has become the first European to top Bloomberg’s list of the world’s richest people. with the net worth of $180.3 billion.

Much of Arnault’s wealth comes from his vast stake in Christian Dyer SE, the holding company that controls 41.2% of LVMH. His shares in 36 Christian Dior SE, as well as an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.

An engineer by training, Arnault first showed his business acumen when he took charge of the company in 1971, working for his father’s construction firm, Ferret-Sevinel. He converted Ferret-Sevinel into a real estate company called Ferinal Inc. in 1979

Arnault remained Feryal’s chair for another six years until he acquired and restructured luxury goods-making company Financier Agache in 1984, eventually selling all his holdings except Christian Dior and Le Bon Marche. 38 He was invited to invest in LVMH in 1987 and two years later he became a majority shareholder, chairman of the board, and CEO of the company.

2. Elon Musk

Age: 51
Residence: Texas
Co-Founder and CEO: Tesla
Net Worth: $157.3 billion
Tesla’s ownership stake: 15% ($108 billion)
Other assets: Space Exploration Technologies ($46.9 billion private assets), The Boring Company ($3.33 billion private assets), Twitter ($3 billion public assets), $17.9 billion in cash

Elon Musk now is the Second-richest man in the world. He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned a bachelor’s degree in physics and economics. Two days after enrolling in an undergraduate physics program at Stanford University, Musk postponed attendance to launch one of the earliest online navigation services, He reinvested a portion of the proceeds from this startup to X.com, an online payment system that was sold to eBay and eventually became PayPal Holdings (PYPL).

In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to his current position as CEO of the electric vehicle company. In addition to its line of 12electric automobiles, Tesla also produces energy storage devices, automobile accessories, and solar power systems through the acquisition of SolarCity in 2016. 13Mask is also the CEO and Chief Engineer of Space Exploration Technologies (SpaceX), the developer of space launch rockets.

In 2020, Tesla shares rose 740% to push Musk forward in the wealth rankings. In December 2020, Tesla joined the S&P 500, becoming the largest company. In January 2021, Musk became the richest person in the world — a title he has held since.

In April 2022, Musk launched a campaign to take Twitter private, culminating in a $44 billion purchase. Musk planned to fund a $21 billion deal of his own capital. Before the purchase was announced, Musk sold 9.6 million shares of Tesla, valued at about $8.5 billion.

In July 2022, Musk decided to withdraw from the Twitter buyout. As a result, Twitter sued Musk to force him to file a lawsuit—then Musk counted the company.

3. Gautam Adani

Age: 60
Residence: Gurgaon, India
Founder and Chairman: Adani Group
Net worth: $128.6 billion
Adani Enterprises, Power. and broadcast ownership stake: 75% each ($81.4 billion)
Other assets: 65% ($12.9 billion public assets) of Adani Ports and Special Economic Zone, 61% of Adani Green Energy ($27.6 billion public assets), 37% of Adani Total Gas ($18.2 billion public assets)

Adani Group founder Gautam Adani overtook Mukesh Ambani as Asia’s richest person in March 2022. Adani, through its ownership of the Adani Group, holds major stakes in six major Indian companies, including Adani Enterprises, Adani Power and Adani Transmission with a 75% stake as well as a 61% stake in Adani Ports and the Special Economic Zone. % stake in Adani Green Energy, and 37% stake in Adani Total Gas.

Adani Group-owned companies have a combined market capitalisation of $238.4 billion (as of September 6, 2022). Adani entered the power generation market with Adani Power in 2009. Adani founded Adani Enterprises in 1988 for import and export of goods. In 1994, his company was approved to develop a port facility at Mundra Port, which is now India’s largest private port.

Adani left college and first worked in the diamond trade. Now, Adani has the largest port operator in India, a closely held thermal coal producer and coal trader. In 2020, he bought a 74% stake in Mumbai’s Chhatrapati Shivaji International Airport, India’s second busiest airport. The billionaire was kidnapped and held to ransom in 1997. Adani was also at the Taj Hotel in Mumbai during the 2008 terror attack.

4. Jeff Bezos

Age: 58
Residence: Washington
Founder and Executive Chairman: Amazon (AMZN)
Net worth: $109.1 billion
Amazon ownership stake: 10% ($127 billion)
Other assets: Blue Origin ($9.15 billion private assets), Washington Post ($250 million private property), and $14.5 billion in cash

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle soon after resigning from hedge fund giant DE Shaw. He originally gave the idea of an online bookstore to his former boss David E. Shaw, who was not interested.

Although Amazon originally started selling books, it has since turned into a one-stop shop for everything and is arguably the world’s largest retailer. Amazon’s pattern of continued diversification is evident in some of its unexpected expansions, including acquiring Whole Foods in 2017 and entering the pharmacy business the same year.

Bezos owned 16% of Amazon in 2019 before transferring 4% to ex-wife MacKenzie Scott as part of the divorce proceedings. In 2020, Amazon’s share price jumped 76% on rising demand for online shopping amid the COVID-19 pandemic. On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant, becoming its executive chairman.

Bezos originally made Amazon public in 1997 and became the first person since Bill Gates in 1999 to acquire a net worth of more than $100 billion. 26Bezos’ other projects include aerospace company Blue Origin, The Washington Post (which he bought in 2013), and the 10,000-year clock—also known as Long Now.

On July 20, 2021, Bezos, his brother Mark, aviation pioneer Wally Funk and Dutch student Oliver Damen completed Blue Origin’s first successful crew flight, reaching an altitude of over 66 miles before landing safely. Bezos’ wealth reached $211 billion in the same month.

5. Bill Gates

Age: 66
Residence: Washington
Co-Founder: Microsoft (MSFT)
Net worth: $103.1 billion
Microsoft ownership stake: 1.3% ($26.4 billion)
Other assets: Cascade Investment LLC ($51.7 billion public assets), $54.2 billion cash

While attending Harvard University in 1975, Bill Gates went to work with his childhood friend Paul Allen to develop new software for the original microcomputer. Following the success of this project, Gates dropped out of Harvard during his junior year and founded Microsoft with Allen.

The world’s largest software company, Microsoft also builds its line of personal computers, publishes books through Microsoft Press, provides email services through its Exchange servers, and sells video game systems and related peripheral devices. 434445 Originally Microsoft’s chief software architect, Gates transferred to the role of board chairman in 2008. He joined berkshire hathaway’s board in 2004. He resigned from both boards on March 13, 2020.

Bill Gates’ net worth is quite high in Cascade Investment LLC. Cascade is a privately held investment vehicle that owns various shares, including the Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investments in real estate and energy.

In 2000, gates’ two philanthropic organizations—the William H. Gates Foundation and the Gates Learning Foundation—merged to form the Bill and Melinda Gates Foundation, which is still co-chaired by Gates and his ex-wife, Melinda French Gates. Through the 4950 foundation, they have spent billions fighting polio and malaria.The 51 Foundation pledged $50 million in 2014 to help fight Ebola. As of 522021, the foundation had spent more than $1.9 billion to tackle the COVID-19 pandemic.

In 2010, along with Warren Buffett, Bill Gates launched Giving Pledge, a campaign that encourages the rich to donate most of their wealth to philanthropic causes. Bill & Melinda French Gates divorced on August 2, 2021. With 55 talaks, about $5 billion of equity was transferred to French Gates. Bill Gates is also the largest private owner of agricultural land in the US with more than 268,000 acres.

6. Warren Buffett

Age: 92
Residence: Nebraska
CEO: Berkshire Hathaway (BRK.A)
Net worth: $97 billion
Berkshire Hathaway’s ownership stake: 16% ($95.7 billion)
Other assets: $1.05 billion in cash

The most famous living value investor, Warren Buffett, filed his first tax return in 1944 at the age of 14, declaring earnings from his boyhood paper route. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming a majority shareholder by 1965. He expanded the company in 1967 for insurance and other investments. Now Berkshire Hathaway is a $705 billion dollar market cap company, with a share. stock (Class A shares) traded over $439,000 as of August 5, 2022.

Widely known as Omaha’s Oracle, Buffett is a buy-and-hold investor who has made his fortune by acquiring low-value companies. 69 Recently, Berkshire Hathaway has invested in large, well-known companies. Its portfolio of 71 wholly owned subsidiaries includes interests in insurance, energy distribution, and railroads, as well as consumer products. 72 Buffett is a well-known Bitcoin skeptic.

Buffett has dedicated most of his wealth to philanthropy. Between 2006 and 2020, he donated $41 billion—mostly to the Bill and Melinda Gates Foundation and his children. 74 Buffett debuted Giving Pledge with Bill Gates in 2010. Buffett, 5492, still works as CEO, but in 2021 he hinted at who could be his successor—Gregory Abel. Abel heads Berkshire’s non-insurance operations.

7. Larry Page

Age: 49
Residence: California
Co-founder and board member: Alphabet (GOOG)
Net worth: $96.7 billion
Alphabet ownership stake: 6% (total $84.4 billion)
Other assets: $14.4 billion in cash

Like many tech billionaires on this list, Larry Page started his way to fame and fortune in a college dorm room. While attending Stanford University in 1995, Page and his friend Sergey Brin mooted the idea of improving Internet data extraction. The two devised a new search engine technology that they named Backrub, named after its ability, to analyze backing links. From there, Page and Brin discovered Google in 1998, Page served as the company’s CEO until 2001, and again between 2011 and 2019.

Google is the leading Internet search engine, accounting for more than 92% of global search requests. In 602006, the company bought YouTube, the top platform for user-submitted videos. After receiving Android in 612005, Google released the Android mobile phone operating system in 2008. In 62632015, Google was reorganized, becoming a subsidiary of Alphabet, a holding company.

Page was one of the early investors in Planetary Resources, a space exploration and asteroid-mining company. Founded in 2009, the company was acquired in 2018 by blockchain firm ConsenSys amid funding problems

He has also shown interest in flying car companies, investing in both Kitty Hawk and Opener. Google’s shares rose nearly 50% in 2021, taking Page and Brin up the list of billionaires. Page’s net worth declined from $52 billion in March 2020 to the current $96.7 billion.

8. Sergey Brin

Age: 49
Residence: California
Co-founder and board member: Alphabet (GOOG)
Net worth: $93.4 billion
Alphabet ownership stake: 6% (total $80 billion)
Other assets: $14.4 billion in cash

Sergey Brin was born in Moscow, Russia, when he moved to the US with his family at the age of six in 1979. After co-founding Google with Larry Page in 1998, Brin became Google’s technology president after Eric Schmidt took over as CEO in 2001. After being founded in 2015, he served in the same position at Alphabet Holding Company, stepping down in 2019 when Sundar Pichai took over as CEO.

In addition to its major internet search engine, Google offers a suite of online tools and services known as Google Workspace, including Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, Google Slides, and more. The .78Google Pixel also offers a variety of electronic devices, including smartphones, computers and tablets, Nest smart home devices, and the Stadia gaming platform.

Brin spent much of 2019 focusing on X, Alphabet’s research lab, which is responsible for innovative technologies such as Waymo self-driving cars and Google Glass smart glass. 80He has also donated millions of dollars to Parkinson’s disease research, partnering with the Michael J. Fox Foundation.

9. Larry Ellison

Age: 78
Residence: Hawaii
Co-Founder, Chairman and CTO: Oracle (ORCL)
Net worth: $92.7 billion
Oracle ownership stake: 40%+ ($62.8 billion)
Other assets: Tesla equity ($12.2 billion in public assets), $17.1 billion in cash and real estate

Larry Ellison was born in New York City to a 19-year-old single mother. After dropping out of the University of Chicago in 1966, Alison moved to California and worked as a computer programmer. In 1973 he joined the electronics company Ampex, where he met future partners Ed Oates and Bob Minor. Three years later, Alison moved to Precision Instruments, serving as the company’s vice president of research and development.

In 1977, Ellison founded Software Development Laboratories with Oates and Minor. Two years later, the company released Oracle, the first business relational database program using the structured query language. The 80-database program proved so popular that SDL would change its name to Oracle Systems Corporation in 1982. Alison left the role of CEO at Oracle in 2014 after 37 years. He joined Tesla’s board in December 2018.

Oracle is the world’s second largest software company, providing a variety of cloud computing programs as well as Java and Linux code and the Oracle Exadata computing platform.

Oracle has acquired several large companies, including human resource management system provider PeopleSoft in 2005, customer relationship management application provider Siebel in 2006, enterprise infrastructure software provider BEA Systems in 2008, and hardware-and-software developer Sun Microsystems in 2009. On December 88, 2021, Oracle agreed to buy medical record software provider Cerner (CERN) for $28.3 billion in cash.

Ellison, who has long been known for wasteful spending, has invested heavily in luxury real estate over the past decade. Perhaps his single most impressive acquisition was a $300 million purchase in 2012 of almost the entire Hawaiian island of Lanai, where the billionaire has been living since 2020. 84Allison has built a hydroponics farm and a luxury spa on the island.

10. Steve Ballmer

Age: 66
Residence: Washington
Owner: Los Angeles Clippers
Net worth: $90.7 billion
Microsoft ownership stake: 4% (total $81.7 billion)
Other assets: Los Angeles Clippers ($3.16 billion private assets), $5.8 billion in cash

Steve Ballmer joined Microsoft in 1980 when Bill Gates convinced him to drop him from Stanford University’s MBA program. He was the 30th employee of Microsoft. Ballmer succeeded As CEO of Microsoft after Gates in 2000. He remained in the post until he stepped down in 2014. Ballmer oversaw Microsoft’s $8.5 billion purchase of Skype in 2011.

Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. In 2014, soon after stepping down as Ceo of Microsoft, Ballmer bought the Los Angeles Clippers basketball team for $2 billion.

Ballmer lived in the same dorm and lived on the same floor as Bill Gates, while both studied at Harvard University. The fraternal relationship between the two became strained when Ballmer, during his tenure as CEO, began pushing the tech company into hardware, such as Surface tablets and Windows Mobile phones

Conclusion:

From the list above, we can see that there are various ways that Top 10 Richest People in the World 2023 these entrepreneurs were able to become the successful people in business that they are today. This list of technological innovators, luxury retail masterminds, and investors has driven the success of many of the companies that we know today.