The CEO of Twitter, Elon Musk, who was ranked first on the previous list in 2022, was placed second on Forbes’ list of the top 25 wealthiest individuals in the world in 2023, behind Bernard Arnault.
Forbes called Musk’s drop from first place “this year’s second-biggest loser,” adding that “Elon Musk had it worse” because Musk lost his title as the wealthiest person in the world as a result of his pricey acquisition of Twitter, which he partially financed by selling Tesla shares, which alarmed investors. Musk is now listed second, but his value has decreased by $39 billion since last year.
As Amazon shares fell 38% this year, Jeff Bezos’ wealth saw him fall from No. 2 in the world in 2022 to No. 3 this year.
Additionally, two millionaires who were among the top 25 — Zhang Yiming and Changpeng Zhao — lost their positions and were unable to appear on the list for this year.
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While Zhao, the creator of Binance, also known as CZ, plummeted from No. 19 last year all the way to No. 167 during the crypto winter, Yiming, the founder of Tik Tok-parent Bytedance, dropped one spot, from No. 25 to No. 26, as his troubled business has taken a haircut from investors.
The following is a ranking of the top 25 global wealthiest individuals according to Forbes in 2023.
1. The household of Bernard Arnault
(Net worth: $211 billion; LVMH is the source of wealth; 74 years old; French citizenship)
2. Elon Musk ($180 billion; 51 years old; American citizen; sources of wealth: Tesla and SpaceX)
3. Jeff Bezos (Net worth: $114 billion; wealth derived from Amazon; age: 59; nationality: American);
4. Larry Ellison (Net worth: $107 billion; wealth derived from Oracle; age: 78; nationality: American);
5. Warren Buffett (Net worth: $106 billion; wealth derived from Berkshire Hathaway; age: 92; nationality: American);
William Gates
(Net worth: $104 billion; wealth source: Microsoft; age: 67; nationality: American;
7. Michael Bloomberg, who has a net worth of $94.5 billion and is 81 years old and a citizen of the United States.
8. Carlos Slim Hel and his kin
(Net value $93 billion; telecom is the source of the wealth; 83 years old; Mexican citizenship)
9. Mukesh Ambani (83.4 billion dollars in net worth; diverse sources of wealth; 65 years old; Indian nationality)
10. Steve Ballmer (Net Worth: $80.7 Billion; Wealth Source: Microsoft; Age: 67; Nationality: American);
11. The relatives of Françoise Bettencourt Meyers
(Net worth: $80.5 billion; wealth derived from L’Oréal; age: 69; nationality: France; source of wealth:
12. Larry Page (Net Worth: $79.2 Billion; Wealth Source: Google; Age: 50; Nationality: United States)
13. Amancio Ortega (Estimated Net Worth: $77.3 Billion; Wealth Source: Zara; Age: 87; Nationality: Spanish);
14. Sergey Brin (Net Worth: $76 Billion; Profession: Google; Age: 49; Nationality: United States)
15. Zhong Shanshan (Net Worth $68 Billion; Industry of Wealth: Drugs and Beverages; Age: 68; Nationality: Chinese);
16. Mark Zuckerberg (Net Worth $64.4 Billion, Facebook as Source of Wealth, Age 38, Citizenship: United States)
17. Charles Koch (Estimated Net Worth: $59 Billion; Wealth Source: Koch Industries; Age: 87; Citizenship: United States);
18. Julia Koch and her kin
(Net worth: $59 billion; wealth source: Koch Industries; age: 60; nationality: American;
19. Jim Walton (Age 74, U.S. citizen, $58.8 billion net worth, wealth derived from Walmart)
Rob Walton 20
(Net worth: $57.6 billion; wealth source: Walmart; age: 78; nationality: American;
Alice Walton 21
(Net value $56.7 billion; source of wealth Walmart; 73 years old; nationality American)
David Thomson and family, number 22
(Net value $54.4 billion | Media as Wealth Source | 65 years old | Canadian Citizenship)
23. Michael Dell, who has a net worth of $50.1 billion and derives his wealth from Dell Technologies.
24. Gautam Adani (Net worth: $47.2 billion; sources of wealth: commodities and infrastructure; age: 60; nationality: India);
25. Phil Knight and his family
(Net worth: $45.1 billion; wealth source: Nike; age: 85; nationality: United States;
