Who is the most richest person in the world? Bernard Arnault & Family, with a staggering net worth of $210.8 billion, is currently recognized as the richest person in the world. The French businessman is the chairman and CEO of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods conglomerate. Arnault’s vast fortune is primarily attributed to his successful investments in luxury brands, fashion, and other industries.
Top 10 richest people in the world 2023-24:
In the ever-evolving landscape of global wealth, a handful of individuals stand out as titans of affluence. As of August, 2023, the ranks of the richest men in the world are dominated by an array of visionaries, entrepreneurs, and business magnates hailing from various corners of the globe. Let’s take a closer look at the top 10 richest people in the world and explore their incredible journeys to amassed riches.
1. Bernard Arnault
- Net worth: $210.8 billion
- Source: LVMH/luxury goods
- Age: 73
- Residence: Paris
- Nationality: France
French tycoon Bernard Arnault is the richest man in the world. He occupies the coveted top spot with his remarkable net worth of $210.8 billion. He presides over LVMH (Moet Hennessy Louis Vuitton), the world’s leading luxury goods conglomerate. LVMH boasts an extensive portfolio of renowned brands such as Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora.
Arnault’s ascent to the pinnacle of wealth was boosted by his strategic acquisitions, including the $15.8 billion purchase of Tiffany & Co. jewelry. Notably, his empire involves familial involvement, with four of his five children contributing to LVMH’s operations.
2. Elon Musk
- Net worth: $196.5 billion
- Source: Tesla, SpaceX, Twitter
- Age: 51
- Residence: Austin, Texas
- Nationality: US
Elon Musk, an icon of innovation and entrepreneurship, is the second richest man in the world. He claims the second position with a net worth of $196.5 billion. Musk’s ventures span diverse domains including electric vehicles (Tesla), space exploration (SpaceX), and social media (Twitter).
His relentless pursuit of groundbreaking technologies propelled him into the limelight. Musk’s journey began in South Africa and led him to co-found companies like PayPal, which later contributed to his vast fortune.
See also: What is the Elon Musk’s net worth 2023.
3. Jeff Bezos
- Net worth: $117.4 billion
- Source: Amazon
- Age: 59
- Residence: Medina, Washington
- Citizenship: US
Jeff Bezos, the visionary behind Amazon, ranks third with a net worth of $117.4 billion. His creation of the online retail giant revolutionized commerce and cloud computing. Bezos ventured beyond e-commerce to encompass ventures like Blue Origin, a private aerospace company. His contributions have been instrumental in shaping the modern digital landscape.
4. Larry Ellison
- Net worth: $112.3 billion
- Source: Oracle
- Age: 78
- Residence: Lanai, Hawaii
- Citizenship: US
Larry Ellison is another richest man in the world from USA. The mind behind Oracle Corporation, stands at the fourth position with a net worth of $112.3 billion. Oracle’s prominence in software solutions and acquisitions like Sun Microsystems solidified Ellison’s status. He also gained recognition for his foray into investments, including Tesla, showcasing his multifaceted pursuits.
5. Warren Buffett
- Net worth: $106.4 billion
- Source: Berkshire Hathaway
- Age: 92
- Residence: Omaha, Nebraska
- Nationality: US
Warren Buffett, dubbed the “Oracle of Omaha,” secures the fifth spot with a net worth of $106.4 billion. His financial acumen propelled him to lead Berkshire Hathaway, an investment conglomerate spanning diverse sectors. Buffett’s dedication to philanthropy and his commitment to the Giving Pledge underscore his influential legacy.
6. Bill Gates
- Net worth: $104.9 billion
- Source: Microsoft, investments
- Age: 67
- Residence: Medina, Washington
- Nationality: US
Bill Gates, Microsoft’s co-founder, is the sixth wealthiest person, boasting a net worth of $104.9 billion. Gates played a pivotal role in shaping the computer revolution, ultimately transforming Microsoft into a tech giant. His philanthropic efforts through the Gates Foundation have left an indelible mark on global health and education.
7. Carlos Slim Helu
- Net worth: $89.9 billion
- Source: Telecommunications, investments
- Age: 83 years old
- Residence: Mexico City
- Nationality: Mexico
Carlos Slim Helu, a telecom magnate from Mexico, commands the seventh position amongst richest people with a net worth of $89.9 billion. His influence extends to telecommunications and diverse industries, marking his status as a key player in Latin America’s business landscape.
8. Mukesh Ambani
- Net Worth: $83.3 billion
- Origin: Petrochemical, Telecom
- Age: 65
- Residence: Mumbai, India
- Nationality: India
Indian industrialist Mukesh Ambani captures the eighth position with a net worth of $83.3 billion. As the chairman of Reliance Industries, Ambani spearheads ventures encompassing petrochemicals, telecommunications, and retail. His contributions have left an indelible mark on India’s economic trajectory.
9. Steve Ballmer
- Net worth: $80.9 billion
- Source: Microsoft, investments
- Age: 66
- Residence: Hunts Point, Washington
- Nationality: US
Steve Ballmer, a former CEO of Microsoft, holds the ninth position with a net worth of $80.9 billion. Beyond his role at Microsoft, Ballmer’s ownership of the Los Angeles Clippers underscores his diversified interests.
10. Françoise Bettencourt Meyers
- Net worth: $80.7 billion
- Source: L’Oreal
- Age: 69
- Residence: Paris, France
- Nationality: France
Françoise Bettencourt Meyers, the richest woman globally, rounds off the top 10 with a net worth of $80.7 billion. As an heiress to L’Oreal, she plays a significant role in the cosmetics industry and maintains a strong philanthropic presence. Source.
Who is the richest man in the world?
As of August, 2023, the title of the world’s richest man belongs to Bernard Arnault, the CEO and Chairman of France’s LVMH. His colossal fortune stands at nearly $211 billion. Arnault’s ascent to this esteemed position was catalyzed by a significant turn of events – the sharp decline in Elon Musk’s fortunes in late 2022, prompted by a plunge in the stock value of Tesla, the electric car manufacturer he helms.
Who is the richest woman in the world?
Taking center stage as the planet’s wealthiest woman is none other than Françoise Bettencourt Meyers, a French magnate. As of August, 2023, her net worth reaches a staggering $80.7 billion, firmly securing her position as the 10th wealthiest person across the globe.
Her substantial wealth is intricately tied to her ownership of shares in the cosmetics giant L’Oreal. This significant inheritance was passed down from her late mother. Notably, L’Oreal’s roots trace back to her grandfather, who was the visionary founder behind this cosmetic powerhouse.
Conclusion
The list of the world’s wealthiest individuals is a testament to human ingenuity, determination, and resilience. From creating groundbreaking technologies to shaping industries, these individuals have redefined the boundaries of possibility. Their contributions extend beyond financial success, leaving an indelible impact on society, philanthropy, and the global business landscape.