That's $200 billion less than last year, but still worth $2.1 trillion.
It's been a tough year for many of the world's 2,640 billionaires, including those at the top. The 25 richest people in the world are worth an estimated $2.1 trillionForbesThe list of the world's billionaires released on Tuesday is $200 billion down from $2.3 trillion in 2022.
Two thirds of the top 25 were poorer than last year, compared to about half of the total list. no one lost more thanJef BezosAmazon shares fell 38%. Bezos' fortune has shrunk by $57 billion, dropping him from number 2 in the world in 2022 to number 3 this year. The second biggest loser this year,Elon Musk, the situation is even worse. He lost his title as the world's richest man after paying a hefty price for Twitter, funded in part by the sale of Tesla stock, terrifying investors. Musk is worth $39 billion less than a year ago and is now No. 2.
Two people lost their top 25 positions.Zhang YimingThe founder of Douyin's parent company ByteDance dropped one spot, from 25th to 26th, becausehis troubled businessI havegot a haircutfrom investors.Founder of BinanceChangpeng Zhao, known as CZ, dropped from number 19 last year to number 167 during Crypto Winter.
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However, it's not all bad news in this elite group.Bernard ArnaultAs head of luxury goods giant LVMH, his fortune grew by $53 billion - more than any billionaire and enough to propel him to No. 1 for the first time. Another eight members of the top 25 have become richer since the 2022 ranking, including the Spanish retailerAmancio Ortega(+$17.7 billion), co-founder of Bloomberg LP and former mayor of New YorkMichael Bloomberg(+$12.5 billion) and Mexican telecommunications magnateCarlos Slim Hello(+ $ 11.8 billion).
With so much wealth around them, two billionaires made the top 25 this year: Canadian media magnateDavid Thompsonco-founder with nikeridder.
Americans top the list of billionaires with 17 of the 25 spots, followed by France and India with two each. The top 25 mainly made money from technology (8 list members) and fashion and retail (7).
These are the 25 richest people on the list of billionaires in the world in 2023
#1.Bernard Arnott a family
net value:$211 billion|Source of Wealth:LVMH|Age:74|Nationality:France
The French luxury goods magnate topped the list of billionaires for the first time after a boom year for LVMH-owned companies, including Louis Vuitton, Christian Dior and Tiffany. Record highs in sales, profits and LVMH stock helped Arnault add $53 billion to his fortune in the past 12 months, the largest increase of any billionaire. Richer than ever, Arnault is now plotting a successor: in July he proposed reorganizing Agache, the holding company that owns the majority of LVMH shares, to give his five children an equal share.
net value:$180 billion|Source of Wealth:Tesla, SpaceX|Age:51|Nationality:ons.
Since announcing his $44 billion acquisition of Twitter last April, Musk has spent much of his time tweeting out of the blue, with Tesla shares plummeting nearly 50%, far outpacing the high-tech stock market. The Nasdaq fell 18%. Investors mourned the $23 billion in Tesla stock he sold to fund the acquisition. Meanwhile, SpaceX shares are rising, valuing the company at nearly $140 billion in an auction ending early 2023, up from $127 billion investors valued last May. However, Musk is worth $39 billion less than a year ago.
net value:$114 billion|Source of Wealth:amazon|Age:59|Nationality:ons.
Since stepping down as CEO of Amazon in 2021, Bezos has soared into space through his company Blue Origin, made waves with a nearly completed $500 million superyacht, made free early childhood education and his grant Bezos boosts his charity , the Earth Fund. His fortune isn't rising either: It's down $57 billion from a year ago — the biggest loss of any billionaire — thanks to a 38% drop in Amazon stock.
net value:107 billion dollars|Source of Wealth:oracle|Age:78|Nationality:ons.
Oracle's chairman and former CEO climbed four places in a tough year for the technology industry, with Oracle shares up 10% on solid earnings and a focus on security. Last summer, Ellison bought one of Florida's most expensive homes for $173 million, adding to his glittering real estate portfolio, which includes the Hawaiian island of Lanai where he lives. Four years later, he resigned from Tesla's board in August.
net value:$106 billion|Source of Wealth:Berkshire Hathaway|Age:92|Nationality:ons.
Buffett has spent a lot of money over the past three years, spending about $90 billion from Berkshire Hathaway's stock cash, stock repurchases and the $11.5 billion purchase of insurer Alleghany Corp. In late March, the Oracle of Omaha, experienced in market crises, reportedly advised the Biden administration on banking and discussed possible investments in regional banks.
net value:104 billion dollars|Source of Wealth:Microsoft|Age:67|Nationality:ons.
Gates stepped down from Microsoft's board of directors in 2020, but still spends 10 percent of his time working with teams at software companies, including those at Microsoft-backed OpenAI. "It's as important as the computer and the internet," Gates told Forbes in February, referring to AI production tools like OpenAI's ChatGPT. Meanwhile, he and his ex-wife, Melinda Frances Gates, are ramping up spending at the Gates Foundation, which they co-chair and want to end in 25 years.
net value:$94.5 billion|Source of Wealth:Bloomberg information|Age:81|Nationality:ons.
Despite donating an additional $1.7 billion to charity in the past year, the Bloomberg LP co-founder's fortunes continue to soar, with his financial terminals and media businesses projected to generate $13.3 billion in revenue by 2022, to $12.5 billion by 2021. Bloomberg, a longtime supporter of Israel, weighed in on Israeli politics in a March op-ed in The New York Times criticizing Prime Minister Benjamin Netanyahu's plans to overthrow Israel's judiciary weaken the country.
#8.Carlos Slim Hello& family
net value:$93 billion|Source of Wealth:telecommunications|Age:83|Nationality:Mexico
New York-listed shares of telecom mogul América Móvil's pan-Latin American mobile operator are up 14 percent over the past year, adding nearly $12 billion to Slim's fortune and placing him among the 10 richest people in the world. catapulted. the first time. year from 2019. In February, he placed his historic Manhattan mansion across the street from the Metropolitan Museum of Art for $80 million, nearly double its 2010 purchase price.
net value:$83.4 billion|Source of Wealth:Diversification|Age:65|Nationality:In the
With Gautam Adani (No. 24) slipping, Ambani regains his crown as the richest man in Asia. Last year, Ambani's telecom oil giant Reliance Industries became the first Indian company to exceed $100 billion in revenue. Last year, he avoided succession speculation by giving his children major roles: Eldest son Akash is president of telecom unit Jio Infocomm; daughter Isha is head of retail; Labour.
net value:$80.7 billion|Source of Wealth:Microsoft|Age:67|Nationality:ons.
Ballmer's Los Angeles Clippers - the sixth most valuable team in the NBA - are flying high. He is building a $2 billion privately funded arena for them, scheduled to be completed by 2024. The fortune of the former Microsoft CEO has fallen by $10 billion over the past year, largely due to the plunge in Microsoft's stock price.
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#11.Françoise Bettencourt Meyers with family
net value:$80.5 billion|Source of Wealth:L'Oreal|Age:69|Nationality:France
The L'Oréal heiress is the world's richest woman for the third consecutive year, as the cosmetics giant's shares are up 12% over the past 12 months. In addition to pledging $230 million to rebuild Notre Dame, she has hired a general manager for her investment company, Téthys Invest, where she has supported projects including French private hospital operator Elsan.
net value:$79.2 billion|Source of Wealth:Google|Age:50|Nationality:ons.
Three years after Google's co-founder stepped down from day-to-day operations, Page and co-founder Sergey Brin (No. 14) participated in a strategy meeting in late 2022 amid the generative AI arms race that ChatGPT launched. Page also stopped selling his shares: Having dumped more than $2.5 billion (pre-tax) between May 2021 and April 2022, he hasn't sold since.
net value:$77.3 billion|Source of Wealth:LVMH|Age:74|Nationality:Spain
Fashion retail empire Inditex - better known in the US as the Zara chain - is losing money. Shares of Ortega are up 39% over the past 12 months, boosted by rising sales, and sales rose 18% to nearly $35 billion in the year ended January 31, 2023. That has increased Ortega's fortunes since last year by raised nearly $18 billion. His daughter Marta Ortega was named president of Inditex in April 2022.
net value:76 billion dollars|Source of Wealth:Google|Age:49|Nationality:ons.
Like co-founder Larry Page (#12), he retired what the pair called "daily chat" from Google in 2019. But will Bryn be back? The code request he made in January appears to be his first in years and would have made code changes to Google's AI chatbot. Brin sold more than $2.5 billion worth of Alphabet shares between May 2021 and April 2022, but has only given shares away since then. He has donated a total of $1.1 billion to Parkinson's disease research.
net value:68 billion dollars|Source of Wealth:Drinks, Medicines|Age:68|Nationality:China
China's king of bottled water has become China's richest man for the third consecutive year. Gains at Zhong-led beverage maker Nongfu Spring offset losses in shares of Covid testing provider Beijing Wantai Biopharmaceuticals after the country eased pandemic restrictions late last year.
net value:$64.4 billion|Source of Wealth:Facebook|Age:38|Nationality:ons.
Unlike many founders of tech giants, Zuckerberg will remain CEO. It won't be easy, especially with AI competition and tech layoffs, including 21,000 from the meta platform since November. Meanwhile, the Chan Zuckerberg Initiative, a charity that aims to create tools to cure or control all diseases, announced a new biocenter in Chicago in March.
net value:59 billion dollars|Source of Wealth:Koch Industries|Age:87|Nationality:ons.
#17.Julia Koch and family
net value:59 billion dollars|Source of Wealth:Koch Industries|Age:60|Nationality:ons.
Changes are underway at Koch Industries, a $125 billion conglomerate (2022 revenue) in Wichita, Kansas, which announced a restructuring of some subsidiaries in March 2022. Charles Koch recently announced that his Chief Operating Officer will join him as co-CEO, following a 55-year tenure in this role. Julia Koch, widow of Charles' brother David (deceased in 2019), was elected a trustee of the Metropolitan Museum of Art in New York in January.
net value:$58.8 billion|Source of Wealth:Walmart|Age:74|Nationality:ons.
net value:$57.6 billion|Source of Wealth:Walmart|Age:78|Nationality:ons.
net value:$56.7 billion|Source of Wealth:Walmart|Age:73|Nationality:ons.
After decades of almost religiously holding stock in his family's store, the children of Walmart co-founder Sam Walton have become one of the biggest sellers, losing $1.8 billion in additional stock in the past 12 months. Rob Walton bought the Denver Broncos last August for a record $4.7 billion, and a large portion of the proceeds will likely fund the deal. The investment got off to a slow start, and the team unexpectedly missed the NFL playoffs.
#22.David Thomson and family
net value:$54.4 billion|Source of Wealth:media|Age:65|Nationality:Canada
Canada's richest man will add another $5.2 billion to his fortune in 2022 as his 68% stake in Thomson Reuters rises 17%. The Toronto-based company, of which Thomson is chairman, supplements its core news and information business with AI investments, such as SurePrep, which bought an automated tax software company for $500 million in January.
net value:$50.1 billion|Source of Wealth:Dell Technologies|Age:58|Nationality:ons.
Dell's chairman and CEO lost $5 billion this year after shares in Dell Technologies fell 27 percent. However, his family office has grown into a large investment and consultancy firm. MSD Partners, which manages more than $12 billion in assets, has merged with BDT & Co. from fellow billionaire Byron Trott in October.
net value:$47.2 billion|Source of Wealth:infrastructure, goods|Age:60|Nationality:In the
Adani became the world's third-richest person on January 24, when his net worth reached nearly $126 billion. However, a report later in the day from short seller Hindenburg Research sent her company's stock tumbling. (Read the story.)
#25.Phil Knight and family
net value:$45.1 billion|Source of Wealth:to win|Age:85|Nationality:ons.
Knight, who founded Nike in 1964 with $500, continues to reap handsome dividends — worth $400 million (before taxes) last year — thanks to his 25 percent stake in the shoe and apparel company. Supply chain issues and Covid restrictions in China caused Nike shares to fall 3%. Ben Affleck stars as a young knight in the new movie AIR, which tells the story of the company's highly paid signing of a young Michael Jordan.
This article first appeared on forbes.com and all figures are in US dollars.
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According to Forbes, there are 2,640 billionaires as of May 2023. This is 19 times the amount there was in 1987.Who is the richest person in world in 2023? ›
|Name & Rank||Country||Net Worth (in Billions)|
|#1. Elon Musk||USA||$226.4|
|#2. Bernard Arnault & family||France||$217.5|
|#3. Jeff Bezos||USA||$146.2|
|#4. Larry Ellison||USA||$138.3|
According to Forbes, there are 2,640 billionaires as of May 2023. This is 19 times the amount there was in 1987.Who is the top 100 richest man in 2023? ›
- #1. Bernard Arnault & family. Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France. ...
- #2. Elon Musk. ...
- #3. Jeff Bezos. ...
- #4. Larry Ellison. ...
- #5. Warren Buffett. ...
- #6. Bill Gates. ...
- #7. Michael Bloomberg. ...
- #8. Carlos Slim Helú & family.
Elon Musk ($263 billion) by 2024. Gautam Adani & Family ($93 billion) by 2025. Zhang Yiming ($59 billion) by 2026. Bernard Arnault ($186 billion) by 2029, Mukesh Ambani ($97 billion) by 2029.Who is the 14 year old billionaire? ›
Mia Talerico: $1.5 Million
At 14 years old, Mia Talerico has more than $1 million to her name.
T he reign of Françoise Bettencourt Meyers continues. For the third year in a row, the French heiress retains the title of the richest woman in the world, with an estimated net worth of $80.5 billion, $5.7 billion more than last year.Who is No 1 richest person in world? ›
Who is the richest man in the world? As of June 1, 2023, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France; he's worth $215 billion. He moved into the number one spot after Elon Musk's fortune fell in late 2022 as shares of electric carmaker Tesla fell.Are there any trillionaires in the world? ›
A trillion is such a huge number, followed by twelve zeros. That is one thousand times a billion (nine zeros followed by 1). Do you know that only 6 trillionaires ever lived on the face of earth? As of today, there are no trillionaires who live on earth.What country has the most millionaires? ›
According to estimates, in the middle of 2021 there were 56 million people worldwide whose assets exceeded one million US dollars, of whom nearly 40% lived in the United States. The total net worth of all millionaires stood at around $158.261 trillion.
The 92-year-old billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time. Billionaire media mogul Rupert Murdoch is preparing to walk down the aisle for the fifth time.Who is the most cash rich person? ›
Luxury Mogul Takes Top Spot. The world's richest person is France's Bernard Arnault, the chief executive of LVMH. With 75 brands, the luxury conglomerate owns Louis Vuitton, Christian Dior, and Tiffany.Who is the richest kid in the world 2023? ›
1. Princess Charlotte of Cambridge: $5 billion. Princess Charlotte of Wales is one of the richest kids in the world, with a net worth of $5 billion (£3.85 billion).Who is the 15 year old billionaire? ›
Valentina Pinault: $7.1 Billion
At 15, Valentina Pinault is the richest teen on this list if not the world — although her net worth is based on her parents' net worth.
The number of millionaires is on the rise with 40% more expected to be made worldwide in the next five years, according to the latest research from Credit Suisse. The Credit Suisse Group AG's Global Wealth Report 2022 states that by 2026, we'll have millions of millionaires: more than 87.5 million globally.Who is closest to being a trillionaire? ›
- Elon Musk. Estimated year of trillion-dollar valuation. ...
- Gautam Adani. Estimated year of trillion-dollar valuation. ...
- Zhang Yiming. Estimated year of trillion-dollar valuation. ...
- Mukesh Ambani. Estimated year of trillion-dollar valuation. ...
- Bernard Arnault. Estimated year of trillion-dollar valuation.
|1||Françoise Bettencourt Meyers||10 July 1953|
|2||Alice Walton||7 October 1949|
|3||MacKenzie Scott||7 April 1970|
|4||Julia Koch||12 April 1962|
Françoise Bettencourt Meyers – US$80.5 billion
The richest woman in the world this year hails from France, just like the richest man, Bernard Arnault. With over US$80 billion in the bank, Bettencourt Meyers' wealth is derived from her and her family's 33 per cent stake in L'Oréal.
Bill Gates: 26. Microsoft's cofounder became a self-made millionaire in 1981 at age 26, thanks to Microsoft's IPO. The value in his shares surpassed $1 billion by the time he was 31, making him the youngest billionaire ever at the time. Today,Gates is the richest man in the world.Who is the richest female in America? ›
Building supply distributor Diane Hendricks remains No. 1 for the sixth year in a row, with a $15 billion net worth. Showrunner Shonda Rhimes and Insitro CEO Daphne Koller, whose firm is using AI to develop drugs more quickly, are among the eight newcomers. 1. 2.
Rihanna becomes the youngest self-made billionaire in America, according to Forbes 2022. Her net worth stands at 1.4 billion as of today. At the age of 34, Rihanna has become the youngest self-made billionaire in America, with a staggering net worth of USD 1.4 billion.What profession has the most billionaires? ›
In broader terms, the finance and investment profession has the most millionaires. It also has the most billionaires, with 371. Here's a list of the seven best careers if you want to be a millionaire.How do people become billionaires? ›
Becoming a billionaire is a lofty goal, often unobtainable for most individuals. Some find their success through economic, educational, or opportunistic advantages. Others learn to take calculated risks, develop their personal creativity, and deploy their capital advantageously.Where can I find rich people? ›
There are plenty of online dating websites that cater to people who are looking to date wealthy people, such as MillionaireMatch.com, Sugardaddie.com, DateAMillionaire.com, and many others. Some websites have income verification tools that ensure that the person you are matching with has the income they claim.Which is the wealthiest family in the world? ›
The current richest family in the world is the Walton Family with a net worth of $224.5 billion.How many unknown billionaires are there? ›
And in fact, there exists yet another billionaire census, done by a research company called Wealth-X, that is considerably less so. In 2021, it counted 927 billionaires in the United States — some 203 more than Forbes did. It doesn't name any of them. Perhaps they're right about these 203 unnamed billionaires.Who was the first billionaire? ›
The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real-time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.What nationality has the most millionaires in America? ›
76% of millionaires in the U.S. are white, and white people account for 60% of the total U.S. population. There are about 62.5 million millionaires globally, a 11.4% increase from 2020.Where do 90% of millionaires come from? ›
“90% of all millionaires become so through owning real estate.” This famous quote from Andrew Carnegie, one of the wealthiest entrepreneurs of all time, is just as relevant today as it was more than a century ago. Some of the most successful entrepreneurs in the world have built their wealth through real estate.What state has the most millionaires? ›
by state U.S. 2020. In 2020, California had the highest number of millionaire households in the U.S., with 1.14 million households having one million or more in investible assets.
The Rothschild family, as an example, established finance houses across Europe from the 18th century and was ennobled by the Habsburg emperor and Queen Victoria. Throughout the 19th century, they controlled the largest fortune in the world, in today's terms many hundreds of billions.Who is the first Gazillionaire? ›
The show is hosted by the character The Gazillionaire, originally played by former Cirque du Soleil clown Voki Kalfayan. His original assistant (2006-2015), Penny Pibbets was portrayed by actress Anais Thomassian.Who is the richest person who has ever lived in human history? ›
African emperor Mansa Musa is thought to be the richest person who ever lived and his wealth was simply “indescribable” and “incomprehensible”. Elon Musk, Jeff Bezos, Bill Gates, Gautam Adani are some of the names that come to our minds when we think of the richest people in the world.How much cash do wealthy people keep? ›
Millionaires also bank differently than the rest of us. Any bank accounts they have are handled by a private banker who probably also manages their wealth. There is no standing in line at the teller's window. Studies indicate that millionaires may have, on average, as much as 25% of their money in cash.Do millionaires keep cash? ›
Many millionaires keep a lot of their money in cash or highly liquid cash equivalents. And they tend to establish an emergency account even before making investments. Millionaires also bank differently than the rest of us.Do millionaires hold cash? ›
High net worth investors typically keep millions of dollars or even tens of millions in cash in their bank accounts to cover bills and unexpected expenses. Their balances are often way above the $250,000 FDIC insured limit.Who is the richest 9 year old? ›
Hailing from Lagos, Nigeria, Mompha Junior, is the son of multimillionaire Nigerian internet celebrity Ismailia Mustapha, Muhammed Awal Mustapha. The young influencer boasts 29,800 followers on his Instagram account, where he posts photos of his grand lifestyle.Why is Princess Charlotte so wealthy? ›
The wealth of the British royal family is primarily derived from the assets of the Crown Estate, which is managed by an independent organization on behalf of the monarch. The royal family members receive an annual stipend from the Sovereign Grant, which is used to cover their official duties and expenses.Who is the youngest rich in the world? ›
But old age is not a requirement for amassing great wealth. In fact, there are 15 people around the globe who boast a three-comma fortune despite being 30 years old or younger. The youngest of this mostly lucky bunch are Clemente Del Vecchio and Kim Jung-youn, neither of whom have hit their 20s yet.Who is the youngest billionaire actress? ›
Her net worth stands at 1.4 billion as of today. Getty Images Rihanna is America's youngest self-made billionaire woman, as per recent Forbes 2022 list. At the age of 34, Rihanna has become the youngest self-made billionaire in America, with a staggering net worth of USD 1.4 billion.
Zhang Yiming, TikTok's founder, is projected to reach a $1 trillion net worth by 2026 at 42 years old, making him the youngest trillionaire. Bezos may not hit the threshold until 2030.Who is the youngest self-made millionaire? ›
Russell, who owns about one-third, became a billionaire himself–in fact, the youngest self-made billionaire in the world. Luminar Technologies founder and CEO Austin Russell, now 26, spent his teens doing research at University of California at Irvine's Beckman Laser Institute.How much money is considered rich? ›
Based on that figure, an annual income of $500,000 or more would make you rich. The Economic Policy Institute uses a different baseline to determine who constitutes the top 1% and the top 5%. For 2021, you're in the top 1% if you earn $819,324 or more each year. The top 5% of income earners make $335,891 per year.Do most millionaires make over $100000 a year? ›
Choose the right career
And one crucial detail to note: Millionaire status doesn't equal a sky-high salary. “Only 31% averaged $100,000 a year over the course of their career,” the study found, “and one-third never made six figures in any single working year of their career.”
|Age of head of family||Median net worth||Average net worth|
If you stacked $100 bills totaling $1 trillion on top of each other, the stack would be 631 miles high. This is what $1 trillion in spending look like. Kathy Hess and 65 others like this.Who is the trillionaire man? ›
“Jeff Bezos.”How many millions are in 1 trillion dollars? ›
One trillion is equivalent to 1000000 million or in words, we can say that one million million, that is, 1, 000, 000, 000, 000. Therefore, one trillion has 12 zeros.Who is the #1 richest person in the world? ›
Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $217.9 billion.Who is the richest man in China 2023? ›
As of June 12, 2023, Zhong Shanshan was the wealthiest person in China, with an estimated net worth of 62.8 billion U.S. dollars, followed by Zhang Yiming (No. 2, $45.0 billion), Ma Huateng (No. 3, $35.7 billion); and William Lei Ding (No. 4, $29.4 billion).
- Jeff Bezos.
- Bill Gates.
- Larry Ellison.
- Steve Ballmer.
- Warren Buffett.
- Larry Page.
- Sergey Brin.
- Mark Zuckerberg2.
The Walton Family is the richest family in the world. It owes its wealth to the Walmart company started by brothers Sam & Bud Walton in Northwest Arkansas more than six decades ago.Who is the wealthiest person in the US? ›
- Elon Musk: $146.5 billion.
- Warren Buffett: $107.6 billion.
- Jeff Bezos: $107.3 billion.
- Bill Gates: $103.3 billion.
- Larry Ellison: $102.4 billion.
- Steve Ballmer: $78.5 billion.
- Larry Page: $77.3 billion.
- Michael Bloomberg: $76.8 billion.
The United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion.