The world of wealth continues to be dominated by a select group of individuals who have amassed incredible fortunes. From tech moguls to investors, entrepreneurs, and industrialists, these individuals have revolutionized industries and set benchmarks for success. Here’s a look at the top 20 richest people in the world in 2023, as per the latest figures.
1. Elon Musk
Net Worth: $240 billion
Elon Musk, the CEO of Tesla, SpaceX, and Twitter, has been the world’s richest person for several years. His ventures in electric vehicles, space exploration, and technology have significantly expanded his fortune, making him the first person to reach a net worth of $200 billion.
2. Jeff Bezos
Net Worth: $180 billion
Amazon founder Jeff Bezos has held the title of the world’s richest person for many years before Musk surpassed him. Bezos transformed e-commerce and expanded into various sectors, including cloud computing, logistics, and media. His wealth comes primarily from his stake in Amazon, though he also owns the Washington Post and aerospace company Blue Origin.
3. Bernard Arnault & Family
Net Worth: $150 billion
French businessman Bernard Arnault is the chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world’s largest luxury goods conglomerate. Arnault’s diverse portfolio includes fashion, jewelry, and wines, and he has steadily expanded his wealth through strategic acquisitions.
4. Bill Gates
Net Worth: $110 billion
The co-founder of Microsoft, Bill Gates, was the world’s richest person for years before Bezos and Musk took over. Gates continues to amass wealth through investments in various companies. His philanthropic efforts, through the Bill & Melinda Gates Foundation, focus on public health, education, and poverty alleviation.
5. Warren Buffett
Net Worth: $105 billion
Warren Buffett, known as the “Oracle of Omaha,” is the chairman and CEO of Berkshire Hathaway, a multinational conglomerate holding company. Buffett is famous for his value investing strategy and has been one of the world’s wealthiest people for decades. His investments span across various sectors, including insurance, utilities, and consumer products.
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6. Larry Ellison
Net Worth: $103 billion
Larry Ellison is the co-founder and former CEO of Oracle Corporation, a multinational software company. Oracle’s enterprise software has made Ellison one of the world’s wealthiest individuals, and he continues to earn significant income from his investments in technology and real estate.
7. Larry Page
Net Worth: $100 billion
Larry Page co-founded Google, which became the world’s most popular search engine and tech powerhouse. Page’s fortune grew alongside Google’s dominance in digital advertising, cloud computing, and artificial intelligence. His investments in projects like autonomous cars and health technology continue to shape his wealth.
8. Sergey Brin
Net Worth: $98 billion
Sergey Brin, the other Google co-founder, has amassed significant wealth through his involvement in the tech giant. Like Page, Brin is also investing in future-forward ventures, including space exploration and AI.
9. Mark Zuckerberg
Net Worth: $95 billion
The founder of Meta (formerly Facebook), Mark Zuckerberg revolutionized social media with Facebook, Instagram, and WhatsApp. Despite recent challenges with Meta’s shift to the metaverse, Zuckerberg’s wealth continues to be among the highest in the world.
10. Steve Ballmer
Net Worth: $94 billion
Steve Ballmer, the former CEO of Microsoft, made a fortune through his tenure at the tech giant. He is now the owner of the Los Angeles Clippers NBA team and continues to benefit from his Microsoft stock holdings.
11. Mukesh Ambani
Net Worth: $90 billion
Mukesh Ambani is the chairman and largest shareholder of Reliance Industries, a conglomerate with businesses in petrochemicals, oil, gas, telecom, and retail. Ambani has been India’s wealthiest individual for years and is a key player in the global business world.
12. Amancio Ortega
Net Worth: $85 billion
Amancio Ortega is the founder and former chairman of Inditex, the parent company of Zara, one of the world’s largest fashion retailers. His fortune has been built through his investments in the fast fashion industry, with Zara as the cornerstone of his wealth.
13. Carlos Slim Helú
Net Worth: $81 billion
Carlos Slim Helú, a Mexican businessman, is the chairman of Grupo Carso, which has significant interests in telecommunications, retail, and construction. Slim made his fortune by acquiring large stakes in telecom companies, notably America Movil.
14. Francoise Bettencourt Meyers
Net Worth: $80 billion
Francoise Bettencourt Meyers is the heiress to the L’Oréal fortune. As the granddaughter of L’Oréal’s founder, she inherited a major stake in the company, and her wealth continues to grow through the company’s dominance in the beauty and cosmetics industry.
15. Elon Musk’s Family
Net Worth: $75 billion
The Musk family’s wealth is closely tied to Elon Musk’s rise in the ranks of the wealthiest individuals. His family also benefits from their shares in SpaceX, Tesla, and other ventures he has developed.
16. Jim Walton
Net Worth: $72 billion
Jim Walton is the son of Walmart founder Sam Walton. He continues to hold a large stake in Walmart, which has remained one of the world’s largest retailers. Jim Walton’s wealth is mainly derived from Walmart’s continued success in retailing.
17. Alice Walton
Net Worth: $71 billion
Alice Walton, another heir to the Walmart fortune, has a substantial net worth from her stake in the retail giant. She is also known for her work in the art world, particularly for founding the Crystal Bridges Museum of American Art.
18. Rob Walton
Net Worth: $70 billion
Rob Walton, the eldest son of Walmart’s founder, also shares in the family’s wealth from Walmart. His fortune has been consistently growing as Walmart continues to dominate global retail.
19. Kylie Jenner
Net Worth: $68 billion
Kylie Jenner, a member of the Kardashian family, is known for founding the beauty brand Kylie Cosmetics. Her fortune comes from her successful beauty empire and her media presence, making her one of the wealthiest self-made women in the world.
20. Richard Branson
Net Worth: $66 billion
Richard Branson is the founder of the Virgin Group, a multinational conglomerate that operates in various sectors, including aviation, telecom, and space travel. His ventures in space tourism with Virgin Galactic have also helped to boost his wealth.