Top 10 Richest Person In The World

Top 10 Richest Person In The World: In an age driven by ambition and entrepreneurial zeal, there exists a notable group of individuals who’ve amassed unimaginable wealth. These exceptional trailblazers, possessing remarkable vision and innovative prowess, have soared to the pinnacles of success, joining the elite league of the world’s wealthiest. It’s no small achievement.

Consider this: the combined wealth of the top 10 richest individuals exceeds the GDP of numerous nations. Presently, their fortunes are chiefly rooted in technology, finance, and retail sectors. However, the widening wealth gap between these magnates and the less fortunate is a pressing global concern.

This piece unveils the identities of the top 10 wealthiest individuals globally, illuminating their extraordinary achievements, entrepreneurial brilliance, and profound impact on the world economy. The rankings are compiled from Forbes’ data.

Disclaimer: Currency values stated in this article reflect accuracy as of 20.12.23 and may be subject to fluctuations.

Top 10 Richest Person In The World

Meet the top 10 wealthiest individuals globally:

1. Elon Musk

• Age: 52
• Location: Austin, Texas
• Nationality: American

Elon Musk holds the title of the world’s wealthiest person. He serves as the CEO of several notable companies, including the electric car giant Tesla and the pioneering space exploration firm SpaceX. His ownership stake in Tesla stands at 23 percent, constituting a significant portion of his wealth, approximately two-thirds.

Musk made waves in October 2022 with his acquisition of Twitter for a staggering $44 billion. His journey to the top echelons began when he guided Tesla through its IPO in 2010. The company’s substantial market capitalization growth in 2020 and 2021 propelled Musk into the ranks of the world’s top 10 wealthiest individuals by September 2021. At its zenith in November 2021, Musk’s fortune soared to an astonishing $320 billion.

2. Bernard Arnault & Family

• Age: 74
• Residence: Paris
• Citizenship: France

Ranked as the world’s second richest individual, Bernard Arnault steers Moët Hennessy Louis Vuitton (LVMH), the globe’s largest luxury conglomerate housing around 70 esteemed fashion and beauty brands. Among its prestigious labels are Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. LVMH’s notable move was finalizing the acquisition of Tiffany & Co. for an astounding $15.8 billion in January 2021.

Arnault’s five children play integral roles across various sectors within the vast LVMH realm. Notably, in January 2023, he appointed his daughter Delphine to spearhead Dior, the conglomerate’s second-largest brand.

3. Jeff Bezos

• Age: 59
• Residence: Medina, Washington
• Citizenship: US

In July 2021, Jeff Bezos opted to step down as CEO of the e-commerce giant Amazon, although retaining his position as chairman. Concurrently, he embarked on a space expedition aboard a spacecraft crafted by Blue Origin, his personally funded private space exploration enterprise.

4. Larry Ellison

• Age: 79
• Residence: Lanai, Hawaii
• Citizenship: US

A co-founder of the software powerhouse Oracle in 1977, Larry Ellison led as its CEO until 2014. Presently, he holds pivotal roles as the company’s chairman and Chief Technology Officer. Ellison gained attention in 2012 for his purchase of the Hawaiian island of Lanai, a transaction amounting to $300 million. Beyond this, he delved into investments, notably securing a significant stake in Tesla and serving on its board of directors from 2018 until 2022.

5. Warren Buffett

• Age: 93
• Residence: Omaha, Nebraska
• Citizenship: US

Known as the “Oracle of Omaha,” Warren Buffett stands as one of history’s most revered investors. He leads Berkshire Hathaway, an investment conglomerate boasting a diverse portfolio spanning numerous companies such as insurance giant Geico, battery manufacturer Duracell, and the beloved restaurant chain Dairy Queen.

In 2010, Buffett, alongside Bill Gates and Melinda French Gates, established the Giving Pledge initiative, advocating for billionaires to donate at least half of their wealth to charitable causes. Reflecting his steadfast commitment to philanthropy, Buffett has expressed his intent to donate a staggering 99 percent of his fortune.

6. Bill Gates

• Age: 67
• Residence: Medina, Washington
• Citizenship: US

Forbes initially recognized Gates as a billionaire in 1987. He held the title of the world’s richest individual from 1995 to 2017, with intermittent shifts in 2008 and from 2010 to 2013. In 2021, Gates and Melinda French Gates finalized their divorce, with Melinda receiving a settlement of at least $6 billion in stocks. Forbes estimates a modest increase of approximately $500 million in Gates’ wealth from May 1 to June 1, 2023, elevating him to the fifth position in the rankings.

7. Mark Zuckerberg

• Age: 39
• Residence: Palo Alto, California
• Citizenship: US

Mark Zuckerberg, co-founder and CEO of Meta Platforms, launched Facebook in 2004 while a 19-year-old computer science and psychology student at Harvard University. Initially a platform for connecting names to faces on campus, Facebook expanded in 2006 to include users at least 13 years old with valid email addresses.

In May 2012, Zuckerberg took Facebook public, ranking as the 10th most powerful person by Forbes in December 2016. Presently, he owns roughly 13 percent of the company’s stock and, alongside his wife Priscilla Chan, has committed $3 billion to combat diseases by 2100.

8. Larry Page

• Age: 50
• Residence: Palo Alto, California
• Citizenship: US

Larry Page co-founded Google in 1998 with Sergey Brin while pursuing his Stanford PhD. Initially serving as CEO until 2001 and later from 2011 to 2015, Page presently sits on Alphabet’s board, the parent company of Google, maintaining substantial control as a major shareholder. Page also played a pivotal role as a founding investor in Planetary Resources, focused on space exploration.

9. Steve Ballmer

• Age: 67
• Residence: Hunts Point, Washington
• Citizenship: US

Steve Ballmer, a Harvard University classmate of Bill Gates, led as CEO at Microsoft from 2000 to 2014. Joining as the company’s 30th employee in 1980 after leaving Stanford University’s MBA program, Ballmer made headlines in his retirement year by acquiring the Los Angeles Clippers basketball team for an unprecedented $2 billion.

10. Sergey Brin

• Age: 50
• Residence: Los Altos, California
• Citizenship: US

Sergey Brin, alongside Larry Page, played a pivotal role in establishing Google in 1998 while pursuing his Stanford PhD. Originally from Russia, Brin served as technology president at Google before transitioning to oversee special projects, including the development of Google Glass. Currently, Brin sits on Alphabet’s board while holding a significant controlling stake in Google.

11. Carlos Slim Helu

• Age: 83
• Residence: Mexico City
• Citizenship: Mexico

Carlos Slim Helu and his family hold sway over América Móvil, Latin America’s largest mobile telecommunications company operating in over 15 countries. In 1990, Slim and international telecom partners acquired Telmex, a once-government-owned telephone company now part of América Móvil. Beyond telecom, Slim has stakes in Mexican industries like construction, consumer goods, mining, and real estate.