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Billionaires play the most important role in shaping the global economy, politics and philanthropy. Forbes estimates that in 2023 he will be 2,640 billionaires in the world. The richest of them is Bernard Arnault. Chairman of LVMH.
People on this list belong to more prestigious clubs and have more power. Many of them were founders of giant technology companies, and much of their wealth is still invested in the companies they founded.
Our comprehensive guide to the top 10 rich person in the world will show you who made their money and how they did it!
But these Top 10 rich person in the world can borrow from these assets to avoid selling their shares while deferring (or exempting for heirs) taxes on unrealized capital gains. Millionaires are also able to take advantage of various tax credits to offset their declared Income, so those on this list have not had to pay any income tax in recent years.
Since much of their wealth is in publicly traded stocks, the net worth of the richest people can fluctuate based on market valuations. For example, in 2021, Tesla CEO Elon Musk saw his net worth increase thanks to rising stock prices of electric car makers. Tesla shares rose from $264.51 in January. From December 1, 2021, to $352.26 on December 1, 2021.
And like a pendulum, a drop in the stock price of Tesla, which owns 13% of the stock, has reduced its net worth in 2022. Musk also had to sell much of his Tesla stake to fund the Twitter acquisition. This robbed him of the top spot of the world’s richest people to Bernard in the top 10 rich person in the world
Arnault – one of the top 10 rich person in the world
Tesla’s stock rose in January and February 2023, putting Mr Musk back on top of the list of the world’s richest people. But markets fluctuate and he is now the second richest person in the world.
Similarly, Metaplatforms (META) founder and CEO Mark Zuckerberg dropped out of the top 10 in February 2022 when the company’s stock plummeted following disappointing earnings reports. Zuckerberg’s net worth is reportedly $77.8 billion as of April 2023.
Below are the top 10 rich people in the world according to the Bloomberg Billionaires Index. All figures are as of May 1, 2023, unless otherwise stated.
Bernard Arnault-one of the top 10 rich person in the world
French national Bernard Arnault is Chairman and CEO of LVMH, the world’s largest luxury goods company and comes in the Top 10 rich person in the world. LVMH brands include Louis Vuitton, Hennessy, Marc Jacobs and Sephora. Ten
Most of Arnault’s fortune comes from a large stake in the holding company Christian Dior SE, which controls 41.4% of LVMH. His Christian, his Dior shares in SE and his 6.2% stake in LVMH are held through his family holding company group His Family His Arnault.
An engineer by training, Arnaud first displayed his business acumen when he took over management of the company in 1971, working for his father’s construction firm Feret Savinel. In 1979, he converted Ferre Savinel into a real estate company called Ferrinel.
Arnault remained chairman of Ferrinel for another six years before restructuring the luxury goods maker Financière Agache in 1984, eventually owning all of its holdings except Christian Dior and Le Bon Marché. Sold. In 1987 he was invited to join his investment in LVMH and two years later became the company’s major shareholder, chairman and CEO.
Elon Musk-one of the top 10 rich person in the world
Elon Musk is the second richest man in the world. Born in South Africa, he attended college in Canada before transferring to the University of Pennsylvania where he earned a BA in Physics and Economics. He also comes in the top 10 rich person in the world. Two days after earning his physics degree from Stanford University, Musk postponed his attendance to launch Zip2, one of the first online navigation services.
He reinvested some of the earnings from this startup to create X.com, an online payment system. X.com he sold to eBay (EBAY) and eventually he became PayPal Holdings (PYPL). Tesla made him in the top 10 rich person in the world.
In 2004, Musk became a major investor in Tesla Motors (now Tesla), leading to his current CEO position at the electric car maker. In addition to various electric vehicles, Tesla also manufactures energy storage devices, car accessories, and solar power systems through its 2016 acquisition of SolarCity. Musk is also the CEO and Chief Engineer of Space Exploration Technologies (SpaceX), a company that develops space rockets. is the second richest man in the world. Born in South Africa, he attended college in Canada before transferring to the University of Pennsylvania where he earned a BA in Physics and Economics. Two days after earning his physics degree from Stanford University, Musk postponed his attendance to launch Zip2, one of the first online navigation services.
He reinvested some of the earnings from this startup to create X.com, an online payment system. X.com he sold to eBay (EBAY) and eventually he became PayPal Holdings (PYPL).
In 2004, Musk became a major investor in Tesla Motors (now Tesla), leading to his current CEO position at the electric car maker. In addition to various electric vehicles, Tesla also manufactures energy storage devices, car accessories, and solar power systems through its 2016 acquisition of SolarCity. Musk is also the CEO and Chief Engineer of Space Exploration Technologies (SpaceX), a company that develops space rockets.
Jeff Bezos-one of the top 10 rich person in the world
In 1994, Jeff Bezos founded Amazon.com in his Seattle garage shortly after being hired by hedge fund giant D.E. he had resigned. Show. He initially pitched the online bookstore idea to his former boss, David E. Shaw, but he wasn’t interested.
Amazon originally started out selling books, but has since grown into a one-stop shop for everything and is expected to overtake Walmart as the world’s largest retailer by 2024. Amazon’s pattern of constant diversification is evident in its unexpected expansions, including its 2017 acquisition of Whole Foods and its entry into the pharmacy business that same year. Jeff comes in the top 10 rich person in the world.
Bezos owned up to 16% of Amazon in 2019 before giving up 4% to his ex-wife Mackenzie Scott as part of the divorce proceedings. In 2020, Amazon shares rose 76% due to increased demand for online shopping due to the COVID-19 pandemic. On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant and took over as chairman.
Bezos originally went public with Amazon in 1997, becoming the first person to surpass $100 billion in net worth since Bill Gates in 1999. Bezos’ other projects include aerospace company Blue Origin, The Washington Post (acquired in 2013), and the 10,000-year clock, also known as Long Now. 31
On July 20, 2021, Bezos, his brother Mark, aviation pioneer Wally Funk and Dutch student Oliver Demen successfully completed the first manned flight of Blue Origin, reaching an altitude of 106 miles. Reached and landed safely. Bezos’ fortune hit $211 billion in the same month
Bill Gates-one of the top 10 rich person in the world
While at Harvard University in 1975, Bill Gates and his childhood friend Paul Allen began developing new software for the original microcomputer. After the success of this project, Gates dropped out of Harvard during his freshman year to co-found Microsoft with Allen.
Microsoft, the world’s largest software company, also manufactures a variety of personal computers, provides e-mail services through Exchange servers, and sells video game systems and related gaming devices to make him the top 10 rich person in the world. The company has recently invested heavily in cloud services.
In 2008, Gates moved from CEO to chairman of the board. He joined Berkshire Hathaway’s board of directors in 2004. On March 13, 2020, he resigned from both directors.
Warren Buffett-one of the top 10 rich person in the world
Warren Buffett, the most famous living value investor, filed his first tax return in 1944 at the age of 14, reporting the income he earned from newspapers as a child. He bought his first stake in a textile company called Berkshire Hathaway in 1962 and became the controlling shareholder in 1965. Buffett expanded his stake in the company to insurance and other investments in 1967.
Buffett, widely known as the Oracle of Omaha, is a buy-and-hold investor who made his fortune by buying undervalued companies. Most recently, Berkshire Hathaway invested in big names and comes among the top 10 rich person in the world. The wholly-owned portfolio includes interests in insurance, power distribution, rail and consumer goods.
Buffett has donated much of his fortune to charity. Between 2006 and 2020, he gave $41 billion, most of which went to the Bill & Melinda Gates Foundation and his children’s charities. Buffett co-founded the Giving Pledge with Bill Gates in 2010.
Buffett, now 92 and still serving as CEO, suggested Gregory Abel, the head of Berkshire’s non-insurance business, could be his successor in 2021.
Steve Ballmer joined Microsoft in 1980 after being persuaded by Bill Gates to drop out of Stanford’s MBA program. He was his 30th employee at Microsoft. Ballmer said he succeeded Gates as CEO of Microsoft in 2000. He held this position until his retirement in 2014. Ballmer oversaw Microsoft’s $8.5 billion acquisition of Skype in 2011 making it the top 10 rich person in the world.
Ballmer owns an estimated 4% of Microsoft, making him the software giant’s single largest shareholder. In 2014, shortly after stepping down as CEO of Microsoft, Ballmer bought the Los Angeles Clippers basketball team for $2 billion. 52
Ballmer lived on the same floor as Bill Gates while he attended Harvard University. The brotherhood between the two strained during Ballmer’s tenure as CEO when he began pushing the company into hardware like Surface tablets and Windows Phones.
Larry Ellison was born in New York City to a 19-year-old single mother and one of the top 10 rich person in the world. Ellison moved to California after he dropped out of the University of Chicago in 1966 and worked as a computer programmer. In 1973 he joined the electronics company Ampex, where he met his future partners Ed Oates and Bob Miner. Three years later, Ellison joined Precision Instruments as Vice President of Research and Development. 55
In 1977, Ellison founded the Software Development Laboratory with Oates and Miner. Two years later, the company released Oracle, the first commercial relational database program to use Structured Query Language. This database program was so popular that in 1982 he changed the name of SDL to Oracle Systems Corporation. Ellison stepped down as CEO of Oracle in 2014 after 37 years. He joined Tesla’s board of directors in December 2018 and stepped down in June 2022.
Oracle is the world’s second-largest software company, offering a variety of cloud computing programs, Java and Linux code, and the Oracle Exadata computing platform to make him a top 10 rich person in the world.
Oracle joined forces with human resources 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 development company Sun Microsystems in 2009. We have acquired many large companies. In 2021, Oracle agreed to acquire medical records software provider Cerner (CERN) for $28.3 billion in cash.
Like some of the tech billionaires on this list, Larry Page began his journey to fame and fortune in a college dorm room one of the top 10 rich person in the world. While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving data extraction from the Internet. The two developed a new search engine technology called Backlub, named after its ability to rank links to pages.
From there, Paige and Brin founded Google in 1998, and Paige served as CEO of the company until 2001, then again from 2011 until 2019. Larry also comes in the Top 10 rich person in the world.
Google is the world’s leading Internet search engine, accounting for more than 92% of the world’s searches. In 2006, the company acquired YouTube, a leading platform for user-submitted videos.
After acquiring Android in 2005, Google released the Android operating system for mobile phones in 2008. Google reorganized in 2015 and became a subsidiary of the holding company Alphabet.
Mr Page was one of the early investors in Planetary Resources, a space exploration and asteroid mining company. The company was founded in 2009 and was acquired by blockchain firm ConsenSys in 2018 due to funding issues. He is also interested in flying car companies, having invested in both Kitty Hawk and Opener.
Google’s stock price surged nearly 50% in 2021, propelling Page and Brin onto the billionaire list. Page’s net worth has grown from just under $52 billion in March 2020 to $86.9 billion.
Francoise Bettencourt Meyers
Françoise Bettencourt Meyers is one of the top 10 rich person in the world and the granddaughter of Eugene Schuler, founder of the cosmetics company L’Oréal. Her Bettencourt’s mother, Lilianne, inherited her father’s L’Oréal shares, which passed to Bettencourt after Lilianne’s death.
Bettencourt is chairman of the family holding company Thetis, which controls 33.3 per cent of L’Oréal’s shares. Mr Bettencourt is also a director of L’Oréal. He also comes in the top 10 rich person in the world.
Bettencourt is chairman of the family holding company Thetis, which controls 33.3 per cent of L’Oréal’s shares. Mr Bettencourt is also a director of L’Oréal.
Born in Moscow, Russia, Sergey Brin immigrated to the United States with his family in 1979 when he was six years old. After co-founding Google with Larry Page in 1998, Brin became Google’s president of technology when Eric Schmidt took over as CEO in 2001. He held the same post after founding Alphabet Holdings in 2015 and resigned in 2019 when Sundar Pichai took over as CEO. CEO took over.
In addition to major Internet search engines, Google offers a suite of online tools and services called Google Workspace, which includes Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, Google Slides, and more. It offers. Google also offers a wide variety of electronic devices, including Pixel smartphones, computers, tablets, Nest smart home devices, and Stadia gaming platforms. Brin partnered with the Michael J. Fox Foundation to donate millions of dollars to Parkinson’s research.
This article reveals the top 10 rich person in the world