Top 10 Wealthiest People In The World: Elon Musk Is No Longer #1 in 2023

Acquiring the position of the wealthiest person in the world is undoubtedly a dream most people share; however, only a handful of them are able to turn their dreams into reality. The current world population is close to 8 billion people, and among them, 47 million people earn more than one million dollars a year (0.005% of people). Furthermore, the number of billionaires is merely 2700. Only 0.00000033% of people could acquire the ranks of the wealthiest individuals.

In this post, you will discover the renewed list of billionaires competing against each other to stay in the top 10 positions, according to Forbes.

#10: Larry Page

Lawrence Edward Page is a popular American businessman and entrepreneur, infamously known for co-founding a trillion-dollar company, Google, with Sergey Brin, the 12th richest person in the world with a net worth of $81.6 billion. Larry is a self-made billionaire with a net worth of $85.1 billion. He was the CEO of Google for 4 years, from 1997 to 2001, and later stepped down to become the CEO of Alphabet Inc., a parent company to Google. Most of Larry’s wealth came to him after Google went public. According to Wikipedia, “Page is the co-creator and namesake of PageRank, a search ranking algorithm for Google. He received the Marconi Prize in 2004 with co-writer Brin. He has also invested in flying car startups Kitty Hawk and Opener” (1)

#9: Mukesh Ambani

Mukesh Dhirubhai Ambani is an Indian billionaire and business mogul. He is the chairman and managing director of India’s most valuable fortune 500 company, Reliance Industries Ltd (dealing in petrochemicals, oil and gas, telecom, and retail). His net worth is $85.6 billion. Only $500 million richer than Larry Page. Ambani is also a self-made billionaire who was, for the most part, the wealthiest man in Asia and was only recently pushed down to number two by the third richest person on this list. Ambani lives in the world’s most expensive house, Antilia, which is estimated to be around $2.6 billion—If that isn’t the coolest flex in the world, I don’t know what is!

#8: Carlos Slim Helu & family

Carlos Slim Helú is a Mexican businessman, investor, and philanthropist. Carlos was once the wealthiest person in the world for three years, from 2010-2013. He earned his wealth by becoming an active investor and buying significant holdings in large Mexican companies as a conglomerate, Grupo Carso. Carlo is also the chairman of América Móvil, which is Mexico’s largest telecommunications corporation. He is currently worth $92.2 billion. According to Forbes, “Carlo owns stakes in Mexican construction, consumer goods, mining, and real estate companies and 17% of The New York Times.” (2)

#7: Bill Gates

One of the most popular billionaires in the world is William Henry Gates III, aka Bill Gates. He is an American businessman, author, investor, philanthropist, and entrepreneur. Gates holds one of the fascinating rags-to-riches stories, as he started working in a garage and established another trillion-dollar company, Microsoft. Bill Gates’s current net worth is $103.3 billion. He built his fortune with Microsoft and later diversified into various businesses, including zero-carbon energy. Bill Gates is known for his charitable acts. To date, he has donated over $59 billion in Microsoft shares. As an active investor, he holds stakes in dozens of companies, including Deere & Co.

#6: Warren Buffet

A beloved investor of all time, Warren Edward Buffett, is a philanthropist and businessman. He is one of the oldest on the list and made his wealth by being a full-time investor. The Oracle of Omaha is currently worth $108.1 billion. “In 2010, he and Bill Gates launched the Giving Pledge, asking billionaires to commit to donating at least half of their wealth to charitable causes.” (3). Buffet has promised to donate 99% of his wealth and has donated almost $49 billion.

#5: Larry Ellison

Lawrence Joseph Ellison is an American businessman and investor. Larry is the co-founder, chairman, and CTO of Oracle Corporation, a software giant. Larry’s net worth is $111.9 billion, most of which was accumulated after he established the software company Oracle in 1977. In 2020, Larry bought an island in Hawaii for $300 million and has moved there permanently. He was a prominent board member of Tesla for four consecutive years, still owning 15 million shares of the same electric car manufacturer.

#4: Jeff Bezos

Jeffrey Preston Bezos is an American astronaut, businessman, and investor. He started one of the most prestigious e-commerce companies, Amazon, which is worth almost a trillion dollars. Bezos is popularly known to be the only billionaire who got divorced and still retained the crown of the most affluent man on earth. He is a self-made billionaire and is currently exploring the mysteries of the universe by becoming a commercial astronaut and owning Blue Origins, an aerospace company. Bezos is also a charitable human, donating almost $400 million of Amazon shares to charity.

#3: Gautam Adani

Gautam Shantilal Adani is an Indian billionaire, businessman, and industrialist. He is the co-founder of Adani groups, a multinational conglomerate, and President of the Adani Foundation. He is currently the wealthiest man in Asia, with a net worth of $119.5 billion. Adani Group is involved in numerous business ventures with a deep interest in airports, ports, green energy, edible oils, power generation and transmission, cement, real estate, etc. Adani holds a whopping 74% stake in Mumbai International Airport, which is regarded as India’s second busiest airport. He plans to invest around $70 billion dollars in renewable energy projects.

#2: Elon Musk

Elon Musk is one of the most controversial celebrity billionaires of all. He is known for using the full intensity of the First Amendment and making fun of others on Twitter. His tweets are a joy to behold. Elon Musk is also a self-made billionaire who owns multiple companies, including Tesla, SpaceX, The Boring Company, and Starlink. He is heavily invested in AI technology, like Chat GPT and Voice.ai. Musk recently purchased Twitter for $44 billion, and his network was at an all-time peak of $320 billion. Nobody came close, and he was the wealthiest man on earth. However, in 2023, he lost nearly $160 billion and currently sits at the number 2 spot with a net worth of $159.7 billion, setting a Guinness world record for losing the most fortune. However, Musk claims that all these allegations about losing his fortune are baseless and adds that he invested it into various business projects.

#1: Bernard Arnault

Bernard Jean Étienne Arnault is a French business magnate and investor. He is currently the wealthiest man on earth, with a net worth of $210.7 billion. He obtained most of his fortune by serving as the chairman and CEO of LVMH Moët Hennessy Louis Vuitton. LVMH is a global fashion company that houses 70 fashion and cosmetics brands, including Louis Vuitton and Sephora. (4) Arnault did not start at the bottom like other billionaires; his father already made a name in construction, so he had a solid foundation to build his massive empire. However, turning a few million into billions of dollars is all possible due to his unwavering passion for luxury goods and his fashion sense.

Conclusion:

Everybody possesses an idea that could make them a millionaire or even a billionaire. The people on this list are the icons of our century that made billions of dollars and paved a path for everybody to follow. People are becoming millionaires every day; who knows, it could even be you.

The people on the list will soon change; who do you think will be the next top 10 wealthiest people in the world? Comment below!

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