Tuesday November 28, 2023

Top 10 richest persons of 2023

By News Desk
November 08, 2023
Tesla chief Elon Musk. — AFP/File
Tesla chief Elon Musk. — AFP/File

WASHINGTON: In a society and era fueled by ambition and a drive for entrepreneurship, there is a distinguished set of individuals that’s achieved unimaginable fortunes. These extraordinary leaders, who possess vision and innovation, have ascended to the highest echelons of success, elevating themselves to the exclusive ranks of the world’s wealthiest individuals.And that’s no small feat.

After all, the net worth of the top 10 richest people surpasses the GDP of numerous nations. Today, their wealth is primarily concentrated in technology, finance, and retail industries. And the growing wealth disparity between them and the less privileged is a significant concern for people worldwide.This ranked list is sourced from Forbes.

This article unveils the identities of the top 10 richest people globally. The Forbes has declared Elon Musk is the richest man in the world by November 7, 2023.

With a net worth of $253.2bn, Musk is the world’s richest person. He co-founded companies like SpaceX (rocket producer), Tesla (electric car maker) and Boring Company (tunnelling startup). A significant portion of his wealth is tied to the success of Tesla. Musk purchased Twitter in October 2022 for $44 billion.The second richest person happens to be

Bernard Arnault & family with a networth of $173.0 bn. A French citizen, Bernard Arnault is the CEO of the world’s largest luxury goods company “Moet Hennessy Louis Vuitton (LVMH)” which encompasses approximately 70 renowned fashion and cosmetics brands. In January 2021, LVMH completed the acquisition of jeweller Tiffany & Co. for a staggering $15.8 billion. In January 2023, he appointed his daughter Delphine to lead Dior, the group’s second largest brand.

Jeff Bezos is the third in line with a networth of $152.6bn. An American by citizenship, his main source of riches is Amazon. In July 2021, Jeff Bezos decided to give up his role as CEO of the ecommerce powerhouse Amazon while still maintaining his position as chairman. He owned an aerospace company named The Washington Post and Blue Origin, designing rockets and fled to space in July 2021.

Larry Ellison, 78, is the fourth richest in the world with a networth of $137.6bn. his main source of earning is Oracle. He lives in Lanai, Hawaii and has American citizenship.

Larry Ellison He owns 35% of software giant Oracle and is its chief technology officer, chairman and co-founder. He left the CEO position at Oracle in 2014. He shifted permanently to Hawaiian Island Lanai and bought it for $300 million. He purchased 3 million Tesla shares and joined its board in December 2018.Bill Gates, 67, has tumbled to become the fifth richest with a networth of net worth: $115.4B.

He gets a significant portion of wealth from Microsoft and investment in zero-carbon energy. Bill co-founded Microsoft with Paul Allen in 1975 and owns only 1% of the software company’s share as of March 2020. Gates is the largest owner of farmland in the United States and invested in various companies like Canadian National Railway and AutoNation. Bill occupied the fourth rank in the real-time billionaire’s list in 2022.

Warren Buffet,92, is now the sixth richest man on earth with a net worth of$115.1bn. His main source of riches is Berkshire Hathaway an investment conglomerate with a diverse portfolio encompassing numerous companies, such as insurance provider Geico, battery manufacturer Duracell and restaurant chain Dairy Queen.

He an American national and lives in Omaha, Nebraska. Buffet is widely recognised as the “Oracle of Omaha”, is one of history’s most accomplished investors. He is the head of Berkshire Hathaway, Mark Zuckerberg, 39, is the seventh richest described by Forbes with a networth of $111.6bn. He lives in Palo Alto, California and also has American citizenship.

Zuckerberg is an American billionaire business magnate, computer programmer, internet entrepreneur and philanthropist. He co-founded the social media website Facebook and its parent company Meta Platforms of which he is the executive chairman, CEO and controlling shareholder.

Larry Page, 50, is now the eighth richest in the world with a networth of $110.7bn. Lawrence Edward Page is an American billionaire business magnate. He is the co-founder of Google with Sergen Brin. He is the co-creator and namesake of PageRank, a search ranking algorithm for Google. He received the Macroni Prize 2004 with co-writer Brin.

Sergey Brin is the ninth richest as defined by Forbes. At 50 years of age, his networth is $109.3bn.Brin is a co-founder of Google with Larry Page. He was the president of Google’s parent company, Alphabet Inc., until stepping down from his role in December 2019. Steve Ballmer, 67, happens to be the tenth richest man in the world. His networth is $99.9bn. Ballmer is an American businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He is the owner of the Los Angeles Clippers of the National Basketball Association.