Forbes, an American business magazine, ranked Bernard Arnault first on its list of the world’s 25 richest people in 2023, followed by Twitter CEO Elon Musk.
Musk was ranked first on the previous list in 2022.
Forbes described Musk’s fall from first place as “this year’s second-biggest loser,” adding that “Elon Musk had it worse.”
Musk lost his title as the world’s richest person following his costly acquisition of Twitter, which he funded in part by selling Tesla shares, which frightened investors. Musk, who was worth $39 billion less a year ago, is now ranked second.
For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.
Also, among the top 25, two billionaires — Zhang Yiming, Changpeng Zhao lost their spots and were unable to make it on the list for this year.
Yiming, the founder of Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors while Zhao, Binance founder, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter.
Below are the list of Forbes 25 richest people in the world in 2023 with their net worth
1. Bernard Arnault & family
(Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France)
2. Elon Musk
(Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S.)
3. Jeff Bezos
(Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S.)
4. Larry Ellison
(Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S.)
5. Warren Buffett
(Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.)
6. Bill Gates
(Net worth: $104 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)
7. Michael Bloomberg
(Net worth: $94.5 Billion | Source of Wealth: Bloomberg LP | Age: 81 | Citizenship: U.S.)
8. Carlos Slim Helú & family
(Net worth: $93 Billion | Source of Wealth: Telecom | Age: 83 | Citizenship: Mexico)
9. Mukesh Ambani
(Net worth: $83.4 Billion | Source of Wealth: Diversified| Age: 65 | Citizenship: India)
10. Steve Ballmer
(Net worth: $80.7 Billion | Source of Wealth: Microsoft | Age: 67 | Citizenship: U.S.)
11. Françoise Bettencourt Meyers & family
(Net worth: $80.5 Billion | Source of Wealth: L’Oréal | Age: 69 | Citizenship: France)
12. Larry Page
(Net worth: $79.2 Billion | Source of Wealth: Google | Age: 50 | Citizenship: U.S.)
13. Amancio Ortega
(Net worth: $77.3 Billion | Source of Wealth: Zara | Age: 87 | Citizenship: Spain)
14. Sergey Brin
(Net worth: $76 Billion | Source of Wealth: Google | Age: 49 | Citizenship: U.S.)
15. Zhong Shanshan
(Net worth: $68 Billion | Source of Wealth: Beverages, pharmaceuticals | Age: 68 | Citizenship: China)
16. Mark Zuckerberg
(Net worth: $64.4 Billion | Source of Wealth: Facebook | Age: 38 | Citizenship: U.S.)
17. Charles Koch
(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 87 | Citizenship: U.S.)
18. Julia Koch & family
(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 60 | Citizenship: U.S.)
19. Jim Walton
(Net worth: $58.8 Billion | Source of Wealth: Walmart | Age: 74 | Citizenship: U.S.)
20. Rob Walton
(Net worth: $57.6 Billion | Source of Wealth: Walmart | Age: 78 | Citizenship: U.S.)
21. Alice Walton
(Net worth: $56.7 Billion | Source of Wealth: Walmart | Age: 73 | Citizenship: U.S.)
22. David Thomson & family
(Net worth: $54.4 Billion | Source of Wealth: Media | Age: 65 | Citizenship: Canada)
23. Michael Dell
(Net worth: $50.1 Billion | Source of Wealth: Dell Technologies | Age: 58 | Citizenship: U.S.)
24. Gautam Adani
(Net worth: $47.2 Billion | Source of Wealth: Infrastructure, commodities | Age: 60 | Citizenship: India)
25. Phil Knight & family
(Net worth: $45.1 Billion | Source of Wealth: Nike | Age: 85 | Citizenship: U.S.)
