Most Richest People in the World 2023 TOP 50 Billionaires List

who are the five richest people in the world

At the time, the business and civic leaders of Northwest Arkansas Council found a need for the $109 million regional airport in their corner of the state. The Northwest Arkansas Regional Airport Authority recognized Walton’s contributions to the creation of the airport and named the terminal the Alice L. Walton Terminal Building. On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the “highest-valued tech acquisition in history”. He accounts for 40% of the listings on the Mexican Stock Exchange, while his net worth is equivalent to about 6% of Mexico’s gross domestic product.

  • Cascade is a privately-held investment vehicle that owns a variety of stocks including Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investments in real estate and energy.
  • Despite his vast wealth, Buffett doesn’t live in a multimillion-dollar mansion.
  • As of July 1, 2023, the richest man in the world is Elon Musk, the CEO of electric car company Tesla; he’s worth $237.7 billion.
  • Sergey Brin was born in Moscow, Russia, moving to the U.S. with his family when he was six in 1979.
  • Her mother died in September 2017 when her net worth was about $39.5 billion, which makes Bettencourt Meyers among the top 20 richest people in the world.
  • Arnault is known for taking struggling brands under his wing and making them profitable.

Having founded Oracle in 1977 after dropping out of college, he grew the company from its start-up phase to one of the largest software and database companies in the world. Oracle now has a market capitalization of 187.7 billion, and Ellison has retained a stake of more than 40% to date. Ellison made his own fortune, but thanks to substantial investments he made in Tesla before its meteoric rise, he generated a net gain of more than 1,000% on his capital. He joined Tesla’s board of directors in 2018; however, Tesla announced in June that Ellison would step down. Forbes has been keeping track of the world’s billionaires since 1987. Many billionaires hold much of their net worth in the stock of the company they founded.

Richest 250 People In the World

Originally launched to select college campuses, the site expanded rapidly and eventually beyond colleges, reaching one billion users by 2012. Zuckerberg took the company public in May 2012 with majority shares. In 2007, at age 23, he became the world’s youngest self-made billionaire. He has used his funds to organize multiple philanthropic endeavors, including the Chan Zuckerberg Initiative. Berkshire Hathaway’s latest SEC filing reveals a 7% stake in the homebuilding solutions company, worth $417.1 million, indicating Buffett sees value in the firm, which could see growth as the housing market recovers. These people are founders, leaders, visionaries and innovators, each with a unique story behind their success that allowed them to amass vast amounts of wealth.

In fact, three of the five richest people in the world are currently making unique plays in the real estate industry. From buying up vast swaths of land to investing in cutting-edge technology, these billionaires are setting themselves apart in a field that has been a cornerstone of wealth creation for centuries. Elon Musk is the richest man on the planet and has accumulated much of his wealth having founded Tesla. In addition to his 25% stake in Tesla, Musk owns several other revolutionary businesses including SpaceX, Neuralink and The Boring Company. Following on from his multiple successes, he is currently in a deal to purchase the social media giant, Twitter in an all-cash transaction expected to be worth $44 billion. Bezos overtook Bill Gates to become the richest person in the world in July 2017.

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The same economic share in 2014 would be equivalent to $341 billion. The nephew of William the Conqueror, Rufus joined his uncle in the Norman conquest. He died with £11,000, according to Philip Beresford and Bill Rubinstein, authors of The Richest of the Rich, which they say amounted to 7% of England’s GDP at the time. Opinions are our own, but compensation and in-depth research may determine where and how companies appear. David Kenneth Roy Thomson, 3rd Baron Thomson of Fleet is a Canadian/British hereditary peer and media magnate. Upon the death of his father in 2006, Thomson became the chairman of Thomson Corporation and also inherited his father’s British title, Baron Thomson of Fleet.

His son Chase heads the company’s venture capital arm, which has invested in AI-based neurological diagnosis firm NeuraLight and smart supply chain firm Arkestro. Charles Koch has been chairman and CEO of Koch Industries, America’s second largest private company by revenue, since 1967. The diversified company has some $125 billion in revenues from businesses including pipelines, chemicals, software, automotive components and Dixie cups.

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Samuel Robson “Rob” Walton is an American billionaire heir to the fortune of Walmart, the world’s largest retailer. He is the eldest son of Helen Walton and Sam Walton, and was chairman of Walmart from 1992 to 2015. He is also the principal owner of the National Football League (NFL)’s Denver Broncos. Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970.

Who are the top 5 richest kids?

  • Princess Charlotte of Cambridge: Net worth $5 billion.
  • Prince George Alexander Louis: Net worth $3.6.
  • Blue Ivy Carter: Net worth $1 billion.
  • Stormi Webster: Net worth $726 million.
  • Prince Louis of Cambridge: Net worth $400 million.
  • Valentina Paloma Pinault: Net Worth Over $12 million.

These rags-to-riches stories may be true for a small number of the richest men in the world — that they’ve done something so good to have earned their obscene wealth. Tesla is a great example of how Musk’s vision transformed the automotive industry by producing electric cars that produce less CO2 than petrol vehicles. His innovation for a sustainable future made Tesla one of the biggest car companies in the world. Feel free to contact us anytime using our contact form or visit our FAQ page. Even as it continues to work in his favor, Buffett has pledged to give 99% of his wealth to charitable foundations and philanthropic causes during his final years, and he had already donated around $48 billion as of mid-2022.

Top 10 World Richest People As On June 9

Mr. Arnault is also President of the Board of Directors of Groupe Arnault S.E. Buffett has long recommended that investors put their money in index funds, which hold every stock in an index, making them automatically diversified. The S&P 500, for example, includes big-name companies like Apple, Coca-Cola and Google.

Genghis Khan is undoubtedly one of the most successful military leaders of all time. As leader of the Mongol Empire, which at its height stretched from China to Europe, he controlled the largest contiguous empire in history. However, despite his great power, scholars say Genghis never hoarded his wealth. The disparities in the number of billionaires between countries are staggering. While the United States and China each have more than 600 billionaires, many countries have only a handful of billionaires or none at all. For example, countries like Somalia, Eritrea, and the Central African Republic have no billionaires.

Who is the richest man in the world?

Warren Buffett is once again one of the five richest people in the world. Mostly known for his electric car company Tesla, space exploration company SpaceX and his recent acquisition of Twitter, Elon Musk has his eyes set on a new income stream deriving from real estate. Legendary investor Warren Buffett is betting on a strong housing market recovery. His recent purchase of 1.25 million shares in Louisiana-Pacific Corp suggests he believes the housing market has bottomed out. Mukesh Ambani serves as chairman and managing director of Reliance Industries Limited, which grew from the yarn trading company his father started in 1957 to become India’s largest private-sector company. Texas earns an extra jewel in its crown, considering the richest person in the U.S. and the world — Elon Musk — now calls the Lone Star State home.

who are the five richest people in the world

He also owns Neuralink, The Boring Company and, as of October 2022, the social media platform Twitter. Page is a founding investor in space exploration company Planetary Resources. In 2012, Ellison bought the Hawaiian island of Lanai for $300 million. Ellison invested in Tesla and served on the board of the car company from 2018 through August 2022.

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Michael Rubens Bloomberg is an American businessman, politician, philanthropist, and author. He is the majority owner, co-founder and CEO of Bloomberg L.P. He was Mayor of New York City from 2002 to 2013, and was a candidate for the 2020 Democratic nomination for President of the United States. Gates transitioned to a new role as technology advisor and Microsoft board member, serving as chairman until 2014. In recent years he has devoted more time to the Bill & Melinda Gates Foundation, created in 1997 to address the biggest health and education issues of our time. Gates led the company as chairman and CEO until stepping down as CEO in January 2000, succeeded by Steve Ballmer, but he remained chairman of the board of directors and became chief software architect. In 1989, Mr. Arnault became the majority shareholder of LVMH Moët Hennessy – Louis Vuitton, creating the world’s leading luxury products group.

  • Arnault is the head of the luxury goods giant LVMH, which includes the likes of Louis Vuitton and Dior, and the first Frenchman to top the world ranking after having moved up from third place last year.
  • The country has a favorable business environment, with low taxes, minimal corruption, and a highly skilled workforce.
  • Gautam Adani is the richest person in India, and his entrepreneurial DNA comes directly from his father, who owned a textile business.
  • It was revealed in July 2020 that Ortega’s property holdings, through his investment company Pontegadea, were worth $17.2 billion.
  • For example, in the United States, the top ten billionaires alone have a combined net worth of over $1 trillion, which is more than the total GDP of many countries.
  • He has gone on to focus his efforts on Blue Origin, a suborbital space flight company with the goal of preserving Earth by colonizing space.
  • During his time in Ann Arbor, Larry built an inkjet printer out of Lego™ bricks.
  • Additionally, Sweden has a favorable business environment, with relatively low taxes and regulations.

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