It’s inspiring to look at the world’s wealthiest people and learn about their backgrounds, tactics, and tendencies. You can begin using their business expertise in your daily life by analyzing their wealth-building traits and areas of investment.
Top 6 Richest People in the World
These entrepreneurs, leaders, and visionaries each have a unique tale that has allowed them to earn tremendous amounts of fortune. Here are the top 6 richest people in the world.
- Elon Musk: $231 billion
- Bernard Arnault: $194 billion
- Jeff Bezos: $151 billion
- Larry Ellison: $130 billion
- Bill Gates: $130 billion
- Warren Buffet: $118 billion
Key Takeaways
- Elon Musk, CEO of Tesla, is the richest man in the world, with a net worth of $231 billion.
- Bernard Arnault, the co-founder of LVMH, was briefly the richest person in the world but has since dropped to second place, with a net worth of $194 billion.
- Eight of the top 10 billionaires are in the technology industry. The others are in fashion, hospitality, and finance.
Here’s an even closer look at how the world’s 6 richest people on Bloomberg’s Billionaires Index list got to where they are.
1. Elon Musk
- Age: 51
- Nationality: South Africa
- Companies: Tesla, SpaceX, The Boring Company, Neuralink, PayPal, Twitter
- Net Worth: $231 billion
- Industry: Technology
- Quote: “I think it is possible for ordinary people to choose to be extraordinary.”
Elon Musk is currently the world’s richest person. His net wealth is $231 billion. Musk established Tesla and presently owns around 23% of the company through stock and options.
Musk, on the other hand, has long been involved with multiple other well-known enterprises and has his roots in a group known as the “PayPal Mafia.” This group was made up of serial entrepreneurs and angel investors who were PayPal graduates who were exceptionally successful in their own right.
He also controls Neuralink, The Boring Company, and Twitter, which he acquired in October 2022.
Musk is the world’s second richest man, but he isn’t content with that. He is the CEO of SpaceX, a rocket company that supplies space stations for NASA
2. Bernard Arnault
- Age: 74
- Nationality: France
- Company: LVMH
- Net Worth: $194 billion
- Industry: Fashion and Hospitality
- Quote: “Money is just a consequence. I always say to my team, don’t worry too much about profitability. If you do your job well, the profitability will come.”
Bernard Arnault is the world’s richest person. He made his fortune in the luxury goods market, owning world-famous brands such as Louis Vuitton and Christian Dior. His net wealth is $194 billion. By focusing on wealthy populations and holding approximately 50% ownership in his firm, LVMH, he has risen to become one of the world’s top ten richest persons.
Over 70 businesses are part of Arnault’s luxury fashion empire, which he and his siblings oversee. The addition of Tiffany & Co. to the panel in January 2021 for a reported $15.8 billion was thought to be the most expensive acquisition in the history of high-end clothing. Arnault’s business interests go beyond fashion; he also owns a number of upscale resorts and cruise companies, all of which have helped him accumulate riches over time.
3. Jeff Bezos
- Age: 59
- Nationality: USA
- Company: Amazon
- Net Worth: $151 billion
- Industry: E-commerce and Technology
- Quote: “A brand for a company is like a reputation for a person. You earn a reputation by trying to do hard things well.”
Jeff Bezos, Amazon’s founderAt the age of 30, Jeff Bezos quit his job in finance to launch an online bookstore that many people thought was a stupid idea. Amazon is the little company that might today. Before falling into the billion-dollar zone, its worth rose to almost $1 trillion. Bezos, who has a $151 billion net worth, is credited with creating the e-commerce industry, which has grown to be one of the biggest in the world.
Bezos left the company after his enormous success, although he is still a major shareholder. Later, he concentrated his energies on Blue Origin, a business that aims to colonize space in order to protect Earth. The space race amongst the richest people in the world continues.
4. Larry Ellison
- Age: 78
- Nationality: USA
- Company: Oracle
- Net Worth: $130 billion
- Industry: Technology and Software
- Quote: “Great achievers are driven, not so much by the pursuit of success, but by the fear of failure.”
Larry Ellison – the ‘Oracle’ manEllison has a $130 billion net worth. Like many others on this list, Larry Ellison can credit the development of technology with his success. After quitting college, Larry Ellison started Oracle in 1977, growing it from its infancy to become one of the biggest software and database firms in the world. The market value of Oracle is currently $330.10 billion, and Ellison has so far held a 35% interest in the company.
Ellison amassed his own wealth, but because of the large investments he made in Tesla prior to the company’s stratospheric rise, he was able to make a net return on investment of more than 1,000%. Ellison joined the Tesla board of directors in 2018, but the company announced his resignation in June 2022. He still holds a stake in Tesla.
5. Bill Gates
- Age: 67
- Nationality: USA
- Company: Microsoft
- Net Worth: $130 billion
- Industry: Technology and Software
- Quote: “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
Bill GatesGrowing up, Bill Gates was a computing prodigy who created his first software at the age of 13. He would later use this basis to co-found Microsoft, the biggest computer software corporation in the world. Gates opted to resign as CEO of Microsoft in 2000 despite the company being formed in 1975. Gates has a $130 billion net wealth.
Over the years, he continued to play a vital role in the business as Microsoft proceeded to grow in the computing, software, and gaming industries by acquiring Activision Blizzard in a $68.7 billion deal. In order to concentrate on philanthropy through the Bill and Melinda Gates Foundation, Gates gave up his responsibilities at Microsoft.
6. Warren Buffett
- Age: 92
- Nationality: USA
- Company: Berkshire Hathaway
- Net Worth: $118 billion
- Industry: Investing and Finance
- Quote: “Someone is sitting in the shade today because someone planted a tree a long time ago.”
Warren Buffett, known as the “Oracle of Omaha,” is considered the greatest investor of all time. Buffett has a $118 billion net wealth. Large holdings in Apple shares and a number of bank stocks are among the investments that his holding company, Berkshire Hathaway, oversees. Buffett has frequently mentioned how compound interest has enabled him to amass his wealth.
Buffett has promised to give 99% of his wealth to charitable foundations and philanthropic causes during his final years, even though it continues to be in his favor. As of mid-2022, he has already donated almost $48 billion. Buffett doesn’t reside in a multi-million dollar house despite his considerable riches. Instead, he continues to live in the Omaha home he purchased in 1958 for just $31,500.
The Richest Billionaires in the World
The 6 Richest People In The World 2023Even the idea of a billionaire, much less a multi-billionaire, can be challenging to understand. The world’s wealthiest individuals come from a variety of backgrounds and professions. It is always fascinating to learn about the routes they took and the routines they developed to accumulate their money.
Keep checking back as this list is always changing to learn what fortune has in store for the next generation of billionaires, or perhaps trillionaires, who will make the top 6
Also, Read: What education do the world’s richest people have
