The Top 10 Richest People In The World In 2023

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Top 10 Richest People In The World

The world’s top 10 richest people have staggering fortunes in various industries. Get insights into their extraordinary wealth and accomplishments

In a society and era fueled by ambition and a drive for entrepreneurship, there is a distinguished set of individuals that’s achieved unimaginable fortunes. These extraordinary leaders, who possess vision and innovation, have ascended to the highest echelons of success, elevating themselves to the exclusive ranks of the world’s wealthiest individuals.And that’s no small feat.After all, the net worth of the top 10 richest people surpasses the GDP of numerous nations. Today, their wealth is primarily concentrated in technology, finance, and retail industries. And the growing wealth disparity between them and the less privileged is a significant concern for people worldwide.

The 10 Richest People in the World

Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. Forbes puts the number of billionaires in the world at 2,640 in 2023. The wealthiest among them is Elon Musk; CEO of Tesla and SpaceX, and owner of X (formerly Twitter).12

The individuals on this list belong to an even more exclusive club and wield still more power. Many are founders of technology giants, with much of their wealth still invested in the companies they started.3

These billionaires can, however, still borrow against that wealth to avoid selling stock, deferring (or eliminating for heirs) taxes on unrealized capital gains in the process. Multi-billionaires can also take advantage of a panoply of tax deductions to offset reported income, leaving some on this list paying no income tax in recent years.45

With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own. Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. All figures are current as of Aug. 2, 2023, unless otherwise stated.

KEY TAKEAWAYS

  • Elon Musk; CEO of Tesla and SpaceX, and owner of X, is the richest person and the richest man in the world with a net worth of $238 billion.2
  • After Musk is the chairman of LVMH, Bernard Arnault.
  • Other billionaires with some of the largest net worths include Amazon founder Jeff Bezos, Microsoft’s Bill Gates, and Oracle’s Larry Ellison.
  • Eight of the top 10 billionaires made their fortunes in technology, with Arnault and Berkshire Hathaway’s Warren Buffett being the exceptions.

Disclaimer: Currency values mentioned in this article are accurate as of 14.08.23 and are subject to fluctuation.

Top 10 richest people in the world

Name & RankNet Worth (in $ Billions)Source of WealthCountry
#1 Elon Musk$225.3 BTesla, SpaceXUnited States
#2 Bernard Arnault & family$221.4 BLVMHFrance
#3 Jeff Bezos$161.0 BAmazonUnited States
#4 Larry Ellison$141.9 BOracleUnited States
#5 Warren Buffett$119.5 BBerkshire HathawayUnited States
#6 Bill Gates$117.1 BMicrosoftUnited States
#7 Larry Page$109.6 BGoogleUnited States
#8 Mark Zuckerberg$106.9 BFacebookUnited States
#9 Sergey Brin$104.1 BGoogleUnited States
#10 Steve Ballmer$99.6 BMicrosoftUnited States
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Elon Musk


Net worth$225.3 B
Source Tesla and SpaceX
Age 51
Residence Austin, Texas
Citizenship US
Elon Musk is the richest person in the world. He’s the CEO of several showy companies, involving electric auto manufacturer Tesla and room disquisition company SpaceX. He presently possesses a 23 percent share in Tesla. A significant portion of his substance, around two- thirds, is trussed to the success of Tesla. Musk made captions in October 2022 when he bought Twitter for$ 44 billion.
Musk led Tesla to its original public immolation in 2010. The company endured significant excrescency in request capitalisation during 2020 and 2021, pushing Musk to the situation of the world’s top 10 richest people in September 2021. At its peak in November 2021, Musk’s fortune passed an startling$ 320 billion.

Bernard Arnault & Family

Net worth$221.4 B
Source LVMH/ luxury goods
time 74
Residence Paris
Citizenship France
Bernard Arnault, the alternate richest person in the world, is the CEO and president at Moët Hennessy Louis Vuitton( LVMH), the world’s largest luxury goods company encompassing roughly 70 famed fashion and cosmetics brands. noble names within its portfolio carry Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. In January 2021, LVMH completed the accession of jeweller Tiffany &Co. for a stunning$15.8 billion.

Jeff Bezos

Net worth$161.0 B
Source Amazon
Age 59
Residence Medina, Washington
Citizenship US
In July 2021, Jeff Bezos concluded to give up his part as CEO of the ecommerce hustler Amazon while still maintaining his situation as president. During the same month, he embarked on a room passage aboard a rocket developed by Blue Origin, a private room disquisition company he established and freehandedly subsidized with billions of bones .

Larry Ellison

Net worth$141.9 B
Source Oracle
Age 78
Residence Lanai, Hawaii
Citizenship US
Larry Ellisonco-founded the software establishment Oracle in 1977 and held the situation of its CEO until 2014. presently, he assumes the company’s president and Chief Technology Officer places. In 2012, Ellison made captions when he acquired the Hawaiian islet of Lanai for a sum of$ 300 million. Ellison also ventured into leaguers, involving a physical share in Tesla, where he served on the association of administrators from 2018 until 2022

Warren Buffett

Net worth$119.5 B
Source Berkshire Hathaway
Age 92
Residence Omaha, Nebraska
Citizenship US
Warren Buffett, extensively recognised as the” Oracle of Omaha,” is one of history’s most accomplished investors. He’s the head of Berkshire Hathaway, an investment empire with a different portfolio encompassing multitudinous companies, similar as insurance provider Geico, battery manufacturer Duracell, and eatery chain Dairy Queen.
In 2010, Buffett and Bill Gates and Melinda French Gates established the giving away Pledge action, which urges billionaires to contribute at least 50 percent of their substance to charitable organisations. Establishing his unwavering humanitarian devotion, Buffett has ventilated his intention to contribute 99 percent of his fortune.

Bill Gates

Net worth$117.1 B
Source Microsoft, leaguers
Age 67
Residence Medina, Washington
Citizenship US
In 1987, Forbes first recognised Gates as a billionaire. From 1995 to 2017, he maintained the compellation of the world’s richest person, with pithy expostulations in 2008 and from 2010 to 2013. In 2021, Gates and Melinda French Gates finalised their divorce, with Melinda entering at least$ 6 billion in folks as portion of the agreement. tallying to Forbes’ evaluations, Gates’ fortune endured a modest boost of roughly$ 500 million from May 1 to June 1, 2023, allowing him to lift one spot in the rankings to secure the fifth situation.

Larry Page

Net worth$109.6 B
Source Google
Age 50
Residence Palo Alto, California
Citizenship US
Larry Page and his fellow Stanford PhD pupil Sergey Brinco-founded Google in 1998. originally, Page held the situation of CEO until 2001 and latterly proceeded the part from 2011 to 2015.
presently, he serves as a member of the association of Alphabet, the parent company of Google, and retains significant control over the company as a major shareholder.
also, Page played a crucial part as a founding investor in Planetary coffers; a company concentrated on room disquisition.

Mark Zuckerberg

Net worth$106.9 B
Source Meta
time 39
Residence Palo Alto, California
Citizenship US
Mark Zuckerberg,co-founder and CEO of Meta Platforms, started its flagship gregarious media platform Facebook in 2004 when he was only 19. He was a computer wisdom and psychology pupil at Harvard University. Facebook was created to match the names of scholars on lot with their prints. In 2006, Facebook opened to everyone at least 13 times old with a valid dispatch address.

In May 2012, Zuckerberg took the company public, and by December 2016, he was ranked 10th on the Forbes list of The World’s utmost important People. presently, Zuckerberg owns around 13 percent of the company’s stock.

The 39- time- old cracker is married to Priscilla Chan and is a father of three daughters. Together with his woman , he’s spending$ 3 billion in an attempt to end, heal or take all conditions by the time 2100.

Sergey Brin

Net worth$104.1 B
Source Google
Age 50
Residence Los Altos, California
Citizenship US
Alongside his Stanford PhD coworker, Larry Page, Sergey Brin played a vital part in establishing the Google hunt machine in 1998. Firstly from Russia, Brin originally held the situation of technology chairman at Google and latterly transitioned to overlooking special systems, involving the evolution of Google Glass, a wearable device featuring voice- actuated” smart spectacles.” presently, Brin serves as a association member of Alphabet, the parent company of Google, while retaining a significant checking share in the company.

Steve Ballmer

Net worth$99.6 B
Source Microsoft, leaguers
Age 67
Residence Hunts Point, Washington
Citizenship US
A Harvard University classmate of Bill Gates, Steve Ballmer, assumed the part of CEO at Microsoft from 2000 to 2014. His trip with Microsoft began in 1980 when he joined as the company’s 30th hand, having ceased out of the MBA at Stanford University.
In the same time that Ballmer retired from Microsoft, he made captions by acquiring the Los Angeles Clippers basketball platoon for a stunning$ 2 billion, setting a new standard for the loftiest freight paid for an NBA platoon at that time.

Carlos Slim Helu

Net worth$95.9 B
Source telecom, leaguers
Age 83
Residence Mexico City
Citizenship Mexico
Carlos Slim Helu and his blood exercise control over América Móvil, the largest movable telecommunications company in Latin America, which operates in further than 15 nations. In 1990, Slim and foreign telecom mates acquired Telmex, the formerly government- possessed telephone company that came portion of América Móvil.

Who Are the Top 10 Richest People in the World?

The top 10 richest people in the world are:

  1. Elon Musk
  2. Bernard Arnault
  3. Jeff Bezos
  4. Bill Gates
  5. Larry Ellison
  6. Larry Page
  7. Warren Buffett
  8. Mark Zuckerberg
  9. Steve Ballmer
  10. Sergey Brin

Frequently asked questions

1. What is the global count of billionaires in 2023?

Forbes reports that as of May 2023, the number of billionaires has reached 2,640, marking a staggering 19-fold increase compared to the figures from 1987.

2. Is it possible for billionaires’ net worth to fluctuate

Absolutely, given that a significant portion of their wealth is tied to publicly traded stocks, the net worth of the wealthiest individuals can fluctuate per market valuation.

3. Which nation boasts the highest number of billionaires?

The United States leads the pack, currently housing approximately 724 billionaires.

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