: Forbes List | Here are the 10 richest people in the world. : Forbes List | Here are the 10 richest people in the world. : Forbes List | Here are the 10 richest people in the world. Billionaires are some of the most powerful people on Earth. They wield significant influence over large parts of the global economy and play key roles in various fields, from international politics and media to philanthropy and scientific innovation. They have created companies that employ tens or even hundreds of thousands of workers worldwide and are behind some of the most well-known brands such as Microsoft, Amazon, Tesla, Google, and Nike. Most of them have made their fortunes themselves, while others like Bernard Arnault and Rupert Murdoch had a head start but vastly expanded their wealth and built empires in their respective sectors.

Many billionaires have a substantial portion of their net worth tied to the shares of the company they founded. As the price of those shares moves, their fortune moves with it. On February 1, 2023, Google co-founders Larry Page and Sergey Brin ranked 8th and 10th among the world’s richest people, according to Forbes. However, as the price of Alphabet shares, Google’s parent company, dropped over 9% in the last month, both Page and Brin dropped out of the top ten. Indian businessman Mukesh Ambani moved up to the 8th position, while former Microsoft CEO Steve Ballmer and French cosmetics heiress Francoise Bettencourt Meyers now hold the 9th and 10th positions, respectively.

In March 2021, Facebook founder Mark Zuckerberg was the fifth wealthiest person in the world with a fortune of $97 billion. Since then, the shares of Facebook (now renamed Meta Platforms) have fallen by 35%, and Zuckerberg has dropped out of the top 10 richest individuals. As of March 1, 2023, he ranked 16th with a fortune of $63 billion.

Indian businessman Gautam Adani surpassed Mukesh Ambani to become the richest person in Asia in February 2022. His fortune skyrocketed by $55 billion last year, and by late January, he was the third wealthiest person globally with a fortune of $127 billion. However, on January 24, short-seller Hindenburg Research published a scathing report accusing the Adani Group of engaging in “corporate fraud,” which the billionaire and his companies vehemently denied. Since then, the stock prices of Adani Group companies have sharply declined. Adani dropped off the top 10 richest list on February 1, 2023, and as of March 1, he occupies the 32nd position with a fortune of nearly $38 billion.

Here are the top 10 richest individuals in the world as of March 1, 2023, according to Forbes. Stock prices routinely fluctuate, so these net worth figures can change daily.

Key facts:

  • Bernard Arnault from France is the world’s wealthiest person. As CEO of luxury goods firm LVMH, he has a fortune close to $211 billion.
  • Elon Musk, who held the title of the richest person for much of 2022, became the second richest person in December 2022.
  • 6 out of the top 10 richest people in the world are Americans, including Jeff Bezos, Larry Ellison, and Bill Gates.
  • Gautam Adani from India dropped from the third position among the richest people on January 24, 2023, to the 32nd position on March 1, 2023.
  • Nine out of the top ten richest people are men.

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Who are the top 10 richest people in the world?

  1. Bernard Arnault
  2. Elon Musk
  3. Jeff Bezos
  4. Larry Ellison
  5. Warren Buffett
  6. Bill Gates
  7. Carlos Slim Helú
  8. Mukesh Ambani
  9. Steve Ballmer
  10. Francoise Bettencourt Meyers

Bernard Arnault

  • Net worth: $210.8 billion
  • Source: LVMH/luxury goods
  • Age: 73
  • Residence: Paris
  • Nationality: France

Bernard Arnault is the CEO and Chairman of LVMH, the world’s largest luxury goods company with around 70 fashion and cosmetics brands. Some of the notable brands include Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. In January 2021, LVMH acquired Tiffany & Co. for $15.8 billion.

Arnault’s father made millions in the construction business, and Arnault initially used $15 million from that fortune to purchase Christian Dior.

Four out of Arnault’s five children work in various parts of the LVMH empire. In January 2023, Arnault appointed his daughter Delphine to lead Dior, the group’s second-largest brand.

Elon Musk

richest people
Elon Musk
  • Net worth: $196.5 billion
  • Source: Tesla, SpaceX, Twitter
  • Age: 51
  • Residence: Austin, Texas
  • Nationality: USA

Musk is the CEO of electric car company Tesla, rocket firm SpaceX, and social media company Twitter. He owns around 21% of Tesla through stocks and options, but has pledged over half of his shares as collateral for loans. The automotive company represents about two-thirds of his wealth. He acquired Twitter for $44 billion in October 2022 and is estimated to own 74% of the social media company.

Originally from South Africa, Musk moved to Canada before turning 18, worked various jobs, enrolled at Queen’s University in Ontario, and later transferred to the University of Pennsylvania, where he graduated with a degree in Economics.

In 2000, he merged an online bank he co-founded,, with another similar one co-founded by Peter Thiel to form PayPal, which eBay acquired in 2002 for $1.4 billion. Musk founded SpaceX in 2002 in El Segundo, near Los Angeles. In 2004, he joined Tesla as an investor and chairman, one year after its founding; later he was granted the title of co-founder. Musk became CEO of Tesla in 2008 and took the company public in 2010. Its market capitalization skyrocketed during 2020 and 2021. In September 2021, Musk became the richest person in the world, and in November 2021, his fortune reached a staggering $320 billion.

Musk remained the richest person in the world until December 2022 when the decline in Tesla’s stock price decreased the value of his fortune. Tesla’s shares have fallen nearly 50% from their peak in November 2021 to February 28, 2023.

Jeff Bezos

  • Net worth: $117.4 billion
  • Source: Amazon
  • Age: 59
  • Residence: Medina, Washington
  • Citizenship: USA

Jeff Bezos stepped down as CEO of the e-commerce giant Amazon in July 2021 but remains the chairman. In that same month, he traveled to space in a rocket built by his private rocket company Blue Origin, which he founded and has funded with billions of dollars.

Bezos founded the online retailer in his garage in Seattle in 1994, after leaving a job in New York at the hedge fund D.E. Shaw. Amazon started as an online bookstore at a time when few people were buying products online. Amazon grew to dominate cloud storage and ventured into producing movies and series to fuel Amazon Prime Video.

Bezos surpassed Bill Gates to become the richest person in the world in July 2017. He and Gates intermittently traded the number one and number two spots on the richest list. Bezos was the richest person in the world on Forbes’ list of the world’s billionaires from 2018 to 2021; he dropped to the second richest position on the billionaires’ list in 2022. He descended to the fourth richest position but returned to the number 3 spot on January 25, 2023, as the fortune of Indian businessman Gautam Adani (previously the number 3 richest) declined.

In 2019, Bezos and his wife MacKenzie divorced; as part of the settlement, she received 4% of Amazon’s shares, and he retained 12%. Since then, he has sold more of his stake and currently owns around 10% of the company. Since Amazon went public in 1997, Forbes estimates that he has sold shares worth over $27 billion.

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Larry Ellison

  • Net worth: $112.3 billion
  • Source: Oracle
  • Age: 78
  • Residence: Lanai, Hawaii
  • Citizenship: USA

Larry Ellison co-founded software company Oracle in 1977 and served as CEO until 2014; he is now the company’s chairman and chief technology officer. Over the years, Oracle has made several significant acquisitions, including the purchase of Sun Microsystems in 2010.

In 2012, Ellison purchased the Hawaiian island of Lanai for $300 million. He relocated from California to Lanai in 2020.

Ellison invested in Tesla and served on the company’s board from 2018 until August 2022.

Warren Buffett

  • Net worth: $106.4 billion
  • Source: Berkshire Hathaway
  • Age: 92
  • Residence: Omaha, Nebraska
  • Nationality: USA

Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time. He leads the investment conglomerate Berkshire Hathaway, which owns dozens of companies, including insurance firm Geico, battery manufacturer Duracell, and the Dairy Queen restaurant chain. Son of a U.S. congressman, Buffett bought his first stocks at the age of 11 and filed his first tax return at 13.

Buffett co-created the Giving Pledge with Bill Gates and Melinda French Gates in 2010, urging billionaires to commit to donating at least half of their wealth to charitable groups. Buffett has stated that he will donate 99% of his fortune. So far, he has donated $51.5 billion in

Bill Gates

Bill Gates net worth
Bill Gates
  • Net worth: $104.9 billion
  • Source: Microsoft, investments
  • Age: 67
  • Residence: Medina, Washington
  • Nationality: USA

As a teenager, Gates developed a passion for computer programming. He dropped out of Harvard to co-found the software company Microsoft with his high school friend Paul Allen in 1975, creating one of the first programs available for the emerging personal computer industry. He served as CEO of the company for 25 years and remained chairman until 2014. He eventually stepped down from the board in 2020. He currently has investments in dozens of companies, including Republic Services and Deere & Co, and is one of the largest owners of agricultural land in the U.S.

Forbes first included Gates on the billionaire list in 1987; he was the richest person in the world from 1995 to 2017 (except for 2008 and from 2010 to 2013). Due in large part to the $59 billion he has donated to the Gates Foundation, including a $20 billion donation in July 2022, he was surpassed as the richest person in the world in 2018 by Jeff Bezos. He and Melinda French Gates divorced in 2021, with her receiving at least $6 billion in stocks as part of the divorce settlement.

Carlos Slim Helú

  • Net worth: $89.9 billion
  • Source: telecommunications, investments
  • Age: 83
  • Residence: Mexico City
  • Nationality: Mexico

Carlos Slim Helú and his family control América Móvil, the largest mobile telecommunications company in Latin America, with operations in at least 15 countries. Slim and some foreign partners in the telecommunications sector acquired Telmex, the government-owned telephone company, in 1990. Telmex became part of América Móvil.

He also holds stakes in Mexican construction, consumer goods, mining, and real estate companies. He previously owned a 17% stake in The New York Times, but sold the investment in 2021.

Slim surpassed Bill Gates and Warren Buffett to become the richest person in the world between 2010 and 2013. Before entering the business world, Slim taught algebra at UNAM, a university in Mexico City.

Mukesh Ambani

  • Net worth: $83.3 billion
  • Source: Petrochemicals, telecommunications
  • Age: 65
  • Residence: Mumbai, India
  • Nationality: India

Mukesh Ambani chairs and runs Reliance Industries, with revenues of $104 billion, which has interests in petrochemicals, oil and gas, telecommunications, and retail. He owns Network18, the licensee of Forbes Media, and the Mandarin Oriental hotel in New York. Reliance was founded by his late father Dhirubhai Ambani, a yarn trader, in 1966 as a small textile manufacturer. After his father’s death in 2002, Ambani and his younger brother Anil divided the family empire.

Ambani was India’s richest person for 14 years until he was surpassed by Gautam Adani in February 2022; in February 2023, with the decline in Adani’s fortune, Ambani regained the title of India’s richest person. Historically, Ambani has been among the top 10 richest people in the world in Forbes’ global ranking from 2008 to 2011 and again from 2021 onwards.

Steve Ballmer

Steve Ballmer net worth
Steve Ballmer
  • Net worth: $80.9 billion
  • Source: Microsoft, investments
  • Age: 66
  • Residence: Hunts Point, Washington
  • Nationality: USA

Ballmer, a fellow Harvard University student with Bill Gates, served as the CEO of Microsoft from 2000 to 2014. He joined Microsoft as the 30th employee in 1980 after dropping out of the MBA program.

The year Ballmer retired from Microsoft, he purchased the Los Angeles Clippers basketball team for $2 billion, a record amount for an NBA team at that time.

Françoise Bettencourt Meyers

  • Net worth: $80.7 billion
  • Source: L’Oreal
  • Age: 69
  • Residence: Paris, France
  • Nationality: France

Françoise Bettencourt Meyers, the granddaughter of the founder of cosmetics giant L’Oreal, is the richest woman in the world. Bettencourt Meyers and her family own approximately 33% of L’Oreal’s shares. She has been a member of L’Oreal’s board of directors since 1997 and serves as the president of the family holding company.

Bettencourt Meyers inherited her fortune in 2017 following the death of her mother, Liliane Bettencourt. She is the president of her family’s philanthropic foundation, which promotes progress in science and the arts.

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Q: What is the Forbes list?

A: The Forbes list is an annual ranking that identifies and ranks the wealthiest individuals in the world based on their net worth.

Q: Who are the 10 richest people in the world according to Forbes?

A: As of March 1, 2023, the top 10 richest people in the world, according to Forbes, are:
1: Bernard Arnault
2: Elon Musk
3: Jeff Bezos
4: Larry Ellison
5: Warren Buffett
6: Bill Gates
7: Carlos Slim Helú
8: Mukesh Ambani
9: Steve Ballmer
10: Françoise Bettencourt Meyers

Q: How do billionaires accumulate their wealth?

A: Many billionaires have built their fortunes through the companies they founded or by making successful investments. They often have a significant portion of their net worth tied to the shares of their companies.

Q: What factors can impact the rankings of the richest people?

A: The rankings of the richest individuals can fluctuate due to changes in the stock market, company valuations, and other factors affecting their net worth.

Q: Are there any notable changes in the rankings?

A: Yes, there have been changes in the rankings over time. For example, Elon Musk briefly held the title of the richest person but dropped to the second position. Gautam Adani, who became the richest person in Asia, experienced a decline in his fortune and dropped out of the top 10. Mark Zuckerberg and Larry Page also dropped out of the top 10 due to changes in the share prices of their respective companies.

Q: How many billionaires are from the United States?

A: Six out of the top 10 richest people in the world are from the United States, including Jeff Bezos, Larry Ellison, and Bill Gates.

Q: Who is the richest person in the world?

A: As of March 1, 2023, the richest person in the world is Bernard Arnault, with a net worth of nearly $211 billion.

Q: Who is the richest woman in the world?

A: The richest woman in the world is Françoise Bettencourt Meyers, with a net worth of $80.7 billion as of March 1, 2023.

Q: How did these billionaires build their wealth?

A: Each billionaire has a unique story. Bernard Arnault built his wealth through the luxury goods company LVMH, Elon Musk through companies like Tesla and SpaceX, Jeff Bezos through Amazon, Larry Ellison through Oracle, Warren Buffett through Berkshire Hathaway, and so on.

Q: How often does Forbes update the list?

A: Forbes updates the list of the richest people in the world annually, but the rankings can change throughout the year as the net worth of individuals fluctuates.

Q: Can the net worth of billionaires change daily?

A: Yes, the net worth of billionaires can change daily due to fluctuations in the stock market and other factors impacting the value of their assets.

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