1. Bernard Arnault and Family
Net worth: $223 billion Source of Wealth: LVMH Age:74 Citizenship: France
The French luxury goods tycoon tops the World's Billions list for the first time on the back of a banner years banner years banner at LVMH, which owns Louis Vuitton, Christian Dior, and Tiffany and Co. among others. Revenue, profit, and LVMH shares all sit at record highs, helping add #53 billion to Arnault's fortune over the past 12 months, the biggest gain of any billionaire. Wealthier than ever, Arnault is now planning for succession: In July, he proposed a reorganization of his holding company, Agache, which holds the bulk of his LVMH stock, to give equal stakes to his five children.
2. Elon Musk
Net worth:187 Billion Source of Wealth: Tesla, SpaceX Age:51 Citizenship: U.S.
Musk has mostly tweeted himself out of the up spot on the ranks, with Tesla stock down nearly 50% since he announced his $44 Billion takeover of Twitter last April, far outpacing the tech-heavy Nasdaq's 18% drop. Investors have bemoaned the acquisition. SpaceX, meanwhile, keeps soarings, with the company valued at nearly $140 billion in a tender offer that closed in early 2023-up form May. Still, Musk is worth $39 billion less than a year ago.
3. Jeff Bezos
Net Worth: $125 Billion Source of Wealth: Amazon Age:59 Citizenship: U.S
Since stepping down as Amazon CEO in 2021 Bezos has flown to space via his company Blue Origin, made waves with a near-complete $500 million superyacht, and stepped up his philanthropy through support for groups such as Bezos Academy free preschools and grants as well: He's $57 billion poorer than a year ago- the biggest loss of any billionaire--thanks to a 38% decline in Amazon stock.
4. Larry Ellison
Net Worth: $120 Billion Source of Wealth: Oracle Age: 78 Citizenship: U.S
The Oracle chairman and former CEO rose four spots amid a tough year for tech, as Oracle shares increased 10% sloid earnings and a focus on security. Ellison bought one of Florida's most expensive homes for $173 million last summer, including the Hawaiian island of Lanai, where he lives. He stopped down from Telsa Board in August after four years.
5. Bill Gates
Net Worth: 109.9 Source of Wealth: Microsoft Age: 67 Citizenship: U.S
Gates stepped down from the board of Microsoft in 2020 but still spends 10% of his time working with terms of the software firm-including those at Open AI, which Microsoft has backed. This is every bit as important as the PC, as the internet," Gates told Forbes in February, referring to generative artificial intelligence, he and his former spending by the Gates Foundation, which they co-chair and plan to wind down within 25 years.
6. Warren Buffett
Net Worth: 109.7 Billion Source of Wealth: Berkshire Hathaway Age: 92 Citizenship: U.S
Buffett has spent the past three years on a spending spree, pumping some $90 billion of Berkshire Hathaway's cash into stocks, share buybacks, and the $11.5 billion acquisition of insurance firm Alleghany Corp., which close in October. In late March the Oracle of Omaha, a veteran of Market crises, reportedly advised the Biden administration on bank runs and discussed possible investments in regional banks.
7. Michael Bloomberg
Net Worth: $94.5 Billion Source of Wealth: Bloomberg Age: 81 Citizenship: U.S
Despite his donations of another $1.7 billion to charity over the past year, the Bloomberg LP cofounder's fortune still climbed, as estimated revenue at his financial terminal and media business reached $13.3 billion in 2022, up from #12.5 billion in 2021 Israel, waded into Israeli politics in a New York Time opinion piece in March, criticizing Prime Minister Benjamin Netanyuhu's plans to weaken the country's judiciary.
8. Carlos Slim Helu and Family
Net Worth: 93.4 billion Source of Wealth: Telecom Age: 83 Citizenship: Mexico
The New York-list shares of the telecom tycoon's plan-Latin American mobile phone firm, America Movil, rose 14% in the past year, year, helping to lift Slim's fortune by nearly $12 billion and place him among the world's ten richest people for the first time since 2019. In February, he listed from the Metrohattan mansion-located across from the Metropolitan Museum of Art-- for $80 million, almost twice what he paid for it in 2010.
9. Larry Page
Net Worth: $93.1 Billion Source of Wealth: Google Age: 50 Citizenship: U.S
Three years after the Google cofounder stepped away from day-to-day operations, Page and cofounder Sergey Brin (No.14) attended a strategy meeting in late 2022 amid the generative AI stopped selling his stock: After unloading more than $2. billion (pretax) between May 2021 and April 2022, and he has not sold a share since.
10. Steve Ballmer
Net Worth: $91.6 Billion Source of Wealth: Microsoft Age: 67 Citizenship: U.S
Ballmer's L.A Clippers-the sixth-most valuable NBA team-are flying high. He's building them a privately funded $2 billion arena, slated for completion in 2024. The former Microsoft CEO's fortune fortune is down $10 billion in the past year, primarily due to the slump in Microsoft shares.
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