who is the richest person in the world

Who Is The Richest Person In The World? Top 10 Richest People

If you want to know who is the richest person in the world of wealth and fortune, there is an eternal curiosity surrounding the identity of the world’s richest person. Over the years, there have been notable changes in the world economy, with many competing for the top position.

Finding the world’s richest person is a dynamic pursuit. Over the years, several notable figures have held this coveted title, showcasing the fluctuating nature of wealth accumulation. From iconic business magnates to technology tycoons, the changing landscape of wealth demonstrates the evolution of industries and economic trends. 

According to the Fobes, the richest man in the world is Bernard Arnault, the CEO and chairman of LVMH of France as of May 1, 2023. He is worth nearly $ 237 billion. This article offers insights into the world’s wealthiest individual, along with details on the top 10 richest people globally.

Top 10 Richest People List 2023:

Position Name Age Net Worth Residence
1 Bernard Arnault 74 $ 236.7 Billion Paris
2 Elon Musk 51 $ 172.7 Billion Texas
3 Jeff Bezos 59 $ 127.4 Billion Washington
4 Larry Ellison 78 $ 118.5 Billion Hawaii
5 Warren Buffett 92 $ 115.7 Billion Nebraska
6 Bill Gates 67 $ 113.5 Billion Washington
Carlos Slim Helu 83 $ 96.7 Billion Mexico
7 Steve Ballmer 67 $ 95.6 Billion Washington
9. Francoise Bettencourt Meyers 69 $ 95.2 Billion France
10. Michael Bloomberg 81 $ 94.5 Billion New York City

Who Is The Richest Man In The World 2023:

Billionaires significantly shape the global economy, politics, and philanthropy. According to Forbes, there will be 2,640 billionaires worldwide by 2023. The richest among them is Bernard Arnault, the chairman of  LVMH. The following is the list of the top 10 richest people in the world.

  • Bernard Arnault.
  • Elon Musk.
  • Jeff Bezos.
  • Larry Ellison.
  • Warren Buffett.
  • Bill Gates.
  • Carlos Slim Helu.
  • Steve Ballmer.
  • Francoise Bettencourt Meyers.
  • Michael Bloomberg.

Bernard Arnault Details:

Net Worth: $ 236.7 Billion.

Source: LVMH / Luxury Goods.

Age: 74

Residence: Paris.

Citizenship: France.

Bernard Arnault serves as CEO and chairman of LVMH, the world’s biggest luxury goods company featuring around 70 fashion and cosmetics brands. Its most notable brands include Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. LVMH recently acquired Tiffany & Co. for a whopping sum of $15.8 billion in January 2021.

Arnault’s father made a fortune in the construction business, and using $15 million of that wealth, Arnault bought Christian Dior to start his career. All five of his children are involved in various parts of the LVMH empire, and in January 2023, Arnault appointed his daughter Delphine to lead Dior, the second-largest brand in the group.

Elon Musk Details:

Elon Musk Who is the richest person in the world 2

Net Worth: $ 172.7 Billion.

Source: Tesla, SpaceX, Twitter.

Age: 51

Residence: Austin, Texas.

Citizenship: United States.

Elon Musk, the CEO of Tesla, SpaceX, and Twitter, has a significant stake in Tesla, owning 23% of the company through stock and options. However, he has pledged over half of his shares as collateral for loans. The majority of his wealth is tied to Tesla, which accounts for about two-thirds of his fortune.

In October 2022, he bought Twitter for $44 billion and currently owns an estimated 74% of the social media company, worth less than half of what he paid for it. Unfortunately, his fortune decreased by almost $30 billion between April and May 2023, primarily due to a drop in Tesla’s share price.

Jeff Bezos Details:

Net Worth: $ 127.4 Billion.

Source: Amazon.

Age: 59

Residence: Medina, Washington.

Citizenship: United States.

Jeff Bezos resigned as CEO of Amazon, a major e-commerce company, in July 2021. Despite this, he continues to serve as chairman of the company. In the same month, he travelled to space aboard a rocket created by Blue Origin, a private rocket firm he founded and has supported with a considerable sum of money. Between April 1 and May 1, 2023, his wealth increased by $1 billion.

Larry Ellison Details:

Larry Ellison Who is the richest person in the world 4

Net Worth: $ 118.5 Billion.

Source: Oracle.

Age: 78

Residence: Lanai, Hawaii.

Citizenship: United States.

Larry Ellison was a co-founder of Oracle back in 1977 and served as its CEO until 2014. He now holds the company’s chairman and Chief Technology Officer positions. During his tenure, Oracle made several significant acquisitions, including the purchase of Sun Microsystems in 2010. In 2012, Ellison bought the Hawaiian Island of Lanai for a whopping $300 million and recently relocated there in 2020.

In addition to his involvement with Oracle, Ellison invested in Tesla and sat on the company’s board from 2018 until August 2022. His wealth increased by $200 million between April 1 and May 1, 2023.

Warren Buffett Details:

Warren Buffet Who is the richest person in the world 5

Net Worth: $ 115.7 Billion.

Source: Berkshire Hathaway.

Age: 92

Residence: Omaha, Nebraska

Citizenship: United States.

Warren Buffet, also known as the “Oracle of Omaha,” is a highly successful investor who heads the investing conglomerate, Berkshire Hathaway. This company owns numerous well-known brands, including Duracell, Dairy Queen, and Geico.

Buffet’s interest in investing started at a young age, and his net worth has increased by nearly $9 billion as of May 1, 2023, thanks to a 7.5% rise in Berkshire Hathaway Class A shares. This increase has propelled him from the sixth to the fifth spot in the “richest people” ranking.

Bill Gates Details:

Bill Gates Who is the richest person in the world

Net Worth: $ 113.5 Billion.

Source: Microsoft, investments.

Age: 67

Residence: Medina, Washington.

Citizenship: United States.

Bill Gates developed a strong interest in computer programming during his teenage years. He decided to leave Harvard to establish Microsoft with his high school friend, Paul Allen, in 1975, producing one of the first software programs for the emerging personal computer industry. Gates served as CEO of Microsoft for 25 years and acted as chairman until 2014.

Although he withdrew from the board in 2020, Gates stated in an interview with Forbes in early 2023 that he still spends around 10% of his time working with Microsoft teams. His net worth grew by approximately $3 billion from April 1 to May 1, 2023, but he dropped one spot behind his friend Warren Buffet in the top 10. Gates was ranked as the wealthiest individual on April 1, 2023.

Carlos Slim Helu Details:

Net Worth: $ 96.7 Billion.

Source: Telecom, investments.

Age: 83

Residence: Mexico City.

Citizenship: Mexico.

Carlos Slim Helu and his family are the major shareholders of America Movil, the largest mobile telecom company in Latin America, operating in over 15 countries. In 1990, Slim and some foreign telecom partners acquired Telmex, the government-owned phone company, which later became a part of America Movil. Apart from this, Slim also holds stakes in various Mexican companies, including construction, consumer goods, mining, and real estate. He previously owned 17% of the New York Times but recently sold his stake in 2021.

Slim was the world’s richest person from 2010 to 2013, surpassing Bill Gates and Warren Buffet. Before venturing into entrepreneurship, he taught algebra at UNAM, a university in Mexico City.

Steve Ballmer Details:

Net Worth: $ 95.6 Billion.

Source: Microsoft, investments.

Age: 67

Residence: Hunts Point, Washington.

Citizenship: United States.

Steve Ballmer, Bill Gates’ classmate at Harvard University, served as the CEO of Microsoft from 2000 to 2014. After quitting Stanford University’s MBA program, he began his journey with Microsoft as the 30th employee in 1980. In the year when Ballmer retired from Microsoft, he bought the Los Angeles Clippers team for $2 billion, which set a new record for an NBA team. According to Forbes, the team is now worth $3.9 billion. During April 2023, Ballmer’s fortune increased by an estimated $4.8 billion, propelling him from the ninth richest person on April 1 to the eighth wealthiest on May 1.

Francoise Bettencourt Meyers Details:

Net Worth: $ 95.2 Billion.

Source: L’Oreal.

Age: 69

Residence: Paris, France

Citizenship: France.

Francoise Bettencourt Meyers, the granddaughter of the founder of L’Oreal, holds the title of the richest woman in the world. Her family owns approximately 33% of L’Oreal’s stock, and she has been serving on the company’s board since 1997, currently holding the position of chairman of the family holding company. Recently, her fortune has increased by almost $6 billion since April 1, 2023, due to L’Oreal’s shares rising by 4%.

Michael Bloomberg Details:

Net Worth: $ 94.5 Billion.

Source: Bloomberg LP.

Age: 81

Residence: New York City.

Citizenship: United States.

Michael Bloomberg established Bloomberg LP, a financial information and news firm, in 1981 after losing his job at Salomon Brothers investment bank. He invested the initial funding and owns 88% of the company, generating revenues exceeding $12 billion. After being elected Mayor of New York City, he took a break from his business from 2002 to 2013.

Apart from being a prominent gun control advocate, Bloomberg has donated $14.4 billion to several philanthropic causes, including climate change, education, and healthcare.

Finding the world’s richest person in the world is an ongoing quest that is characterized by constant change. At present, Bernard Arnault is the richest man in the world. However, the title of the richest person will surely continue to change as economic landscapes shift and new industries appear, reflecting the dynamic nature of wealth accumulation in the modern period.

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