Who is the richest person in the world today? 20 October 2023

Dell himself is also in line for a potential $20 billion payday this fall if his cloud computing spinoff VMware is finally sold to semiconductor giant Broadcom for $61 billion after a year of regulatory battles. It’s just the latest deal for Dell, who has shepherded the company he started as a teenager through multiple restructurings, including two IPOs 30 years apart. After a terrible 2022 for Facebook parent Meta—with a collapsing share price, crumbling profits and significant fourth-quarter layoffs—the stock has done a U-turn that boosted Zuckerberg’s fortune by $48.3 billion this year.

He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. Buffett expanded the company’s holdings to insurance and other investments in 1967. 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.

  • Oracle Corporation is one of the largest software companies in the world.
  • The list of the world’s wealthiest people can vary daily, depending on their latest net worth and financial performance.
  • There are 2,668 of them on Forbes’ 36th-annual ranking of the planet’s richest people—87 fewer than a year ago.
  • While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving Internet data extraction.
  • In addition to its line of electric automobiles, Tesla produces energy storage devices, automobile accessories, and, through its acquisition of SolarCity in 2016, solar power systems.

Arnault remained Férinel’s chair for another six years, until he acquired and reorganized luxury goods maker Financière Agache in 1984, eventually selling all its holdings other than Christian Dior and Le Bon Marché. He was invited to invest in LVMH in 1987 and became the majority shareholder, chair of the board, and CEO of the company two years later. In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to his current position as CEO of the electric vehicle company.

Zhang Yiming Net Worth

Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. Musk has mostly tweeted himself out of the top 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 $23 billion of Tesla shares he sold to finance the acquisition. SpaceX, meanwhile, keeps soaring, with the company valued at nearly $140 billion in a tender offer that closed in early 2023—up from the $127 billion at which investors valued it last May. The ranks of billionaires dwindled over the past year, with their total worth dropping by $400 billion, says the latest list of the world’s richest people from Forbes magazine. The heirs of Sam Walton (d. 1992) remain firmly in control of Walmart, holding more than 45% of the retailer’s shares, even after selling $4.5 billion (pretax) worth of stock in 2023.

The company filed a lawsuit against Musk to force the buyout to go through. Musk countersued the company but then reversed course and declared he was willing to buy it after all. The deal officially closed in Oct. 2022, giving him a 79% stake in the company.

Arnault is the chairman and CEO of French conglomerate LVMH, which owns Louis Vuitton, Sephora, Christian Dior and Tiffany & Co among other fashion and cosmetics brands. As a result of the market https://1investing.in/ crash caused by the Dot-com bubble, 83 billionaires dropped off the list from the previous year. As a group, the top 20 are richer than ever, worth nearly $1.9 trillion in aggregate.

The rankings are updated only on every trading day after the closing bell of every trading day based on New York’s time. Ben Affleck donned a track suit to portray him in the hit movie Air, which chronicles Nike’s lucrative signing of Michael Jordan (No. 379). Knight has already given away $3.4 billion, mostly to his alma mater, in the hope of spreading the majority of his wealth to charity and not to Uncle Sam. Julia Koch has kept a low profile since inheriting the fortune built by her late husband, David Koch (d. 2019), and his brother Charles, who at age 87 remains at the helm of $125 billion (revenue) conglomerate Koch Industries. Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies. More recently, Berkshire Hathaway has invested in large, well-known companies.

Jeff Bezos

Far and away the richest person in America—and the world—for the second year in a row, Musk has spent much of the past 12 months picking fights. His targets have included Ukrainian president Volodymyr Zelensky (over his proposed peace plan to end the war with Russia) and the foreign minister of Taiwan (over whether the territory should be considered part of China). He challenged Mark Zuckerberg (No. 8) to a cage match in June, two weeks before Zuck debuted Threads, Meta’s answer to Musk’s X (né Twitter).

The Microsoft cofounder is all-in on AI, penning a letter in March calling the technology “as revolutionary as mobile phones and the internet.” In June, Gates joined a $1.3 billion funding round for AI chatbot startup Inflection.ai. He personally invested alongside Microsoft, which has been benefiting from its own early bets on artificial intelligence, including an estimated 49% stake in ChatGPT developer OpenAI. Shareholders are bullish, too, driving up Microsoft stock 31% over the past year. The list of the world’s wealthiest people can vary daily, depending on their latest net worth and financial performance. Larry Page ranked 6th with a personal wealth of $122 billion, followed by Sergey Brin with $117 billion.

After co-founding Google with Larry Page in 1998, Brin became Google’s president of technology when Eric Schmidt took over as CEO in 2001. He held the same post at the Alphabet holding company after it was established in 2015, stepping down in 2019 when Sundar Pichai took over as CEO. Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.4% of LVMH.

#161 Ricardo Salinas Pliego & family

Few people had a better year than Jensen Huang, the cofounder and CEO of Nvidia. Huang rockets into the top 20 for the first time, thanks to a stock market rush for artificial intelligence investments. Shares of Nvidia, which makes more of the chips used in AI systems than anyone, are up more than 200%, making Huang the biggest gainer on the 2023 Forbes 400 list, up some 216% from last year. Worth an estimated $40.7 billion he’s now the 17th-richest person in America. A record total of 1,426 people made the 2013 list, representing $5.4 trillion of assets.[33] Of those, 442 billionaires hailed from the United States.[31] The Asian-Pacific region had 386 billionaires and Europe 366. The list also featured a record number of newcomers, 210, representing 42 countries.

#1 Elon Musk

Click here for the full ranking of the Forbes World’s Billionaires list.

Larry Ellison was born in New York City to a 19-year-old single mother. After dropping out of the University of Chicago in 1966, Ellison moved to California and worked as a computer programmer. In 1973, he joined the electronics company Ampex, where he met future partners Ed Oates and Bob Miner. Three years later, Ellison moved to Precision Instruments, serving as the company’s vice president of research and development. Gates shifted from the company’s CEO to the role of board chair in 2008.

Alling stocks, wounded unicorns and rising interest rates translated into a down year for the world’s wealthiest people. Globally, we counted 2,640 ten-figure fortunes, down from 2,668 last year. Altogether, the planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022. Nearly half the list is poorer than a year ago, including Elon Musk, who falls from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla

shares. Bernard Arnault, head of luxury goods giant LVMH, takes his place as the world’s richest person, marking the first time a citizen of France leads the ranking. The United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion.

Ben Affleck portrays a young Knight in the new movie AIR, about the brand’s lucrative signing of a young Michael Jordan. The L’Oréal heiress has kept her title of the world’s richest woman for the third year in a row, thanks to a 12% rise in the cosmetics giant’s stock in the last 12 months. Besides pledging $230 million for Notre-Dame Cathedral’s reconstruction, she has hired a managing director for her investment firm, Téthys Invest, where she backs projects including French private hospital operator Elsan. Bloomberg, a longtime supporter of Israel, waded into Israeli politics in a New York Times opinion piece in March, criticizing Prime Minister Benjamin Netanyahu’s plans to weaken the country’s judiciary. Americans dominate the top of the billionaires ranks, taking 17 of the 25 spots, followed by France and India, with two apiece. The top 25 mostly made their money in technology (eight list members) and fashion & retail (seven).

Steve Ballmer joined Microsoft in 1980 after Bill Gates convinced him to drop out of Stanford University’s MBA program. Ballmer oversaw Microsoft’s 2011 purchase of Skype for $8.5 billion. Google also offers a variety of electronic devices, including Pixel smartphones, computers, and tablets, Nest smart home devices, and the Stadia gaming platform.

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