Bernard Arnault fell to No. 2 richest in early June retained earnings balance sheet 2023 and has remained at that rank. He was the richest person in the world for the first five months of 2023. Here’s a look at the wealth of these five billionaires spotlighted this week, and where their fortunes stand today.
Who is the richest person in the world? What is Elon Musk’s net worth
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. Many are founders of technology giants, with much of their wealth still invested in the companies they started. Other corporate leaders planned on attending the inauguration, including Pfizer CEO Albert Bourla and Walmart CEO Doug McMillon, according to the Wall Street Journal.
- More recently, Berkshire Hathaway has invested in large, well-known companies.
- Ballmer’s fortune dropped by an estimated $1.5 billion in the past month amid a slight dip in Microsoft shares.
- These billionaires reached their lofty heights through hard work, great ideas, serendipity and plenty of careful planning with wise financial advisors along the way.
- He is also president of the board for Groupe Arnault S.E., which is his family’s holding company and primarily an investment firm.
- He eventually led the company from 2000 to 2014, and subsequently co-purchased the Los Angeles Clippers, a pro basketball franchise of the National Basketball Association.
David Tepper, arguably the greatest hedge fund manager of his generation, founded Appaloosa Management in 1993.
Musk is also CEO and chief engineer of Space Exploration Technologies (SpaceX), a developer of space launch rockets. He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics.
Net Worth: $32 Billion Age: 78 Country/Territory: United States Industry: Gambling & Casinos
- Since December 1, Musk has experienced an astounding increase of $91 billion in his net worth, positioning SpaceX as the most valuable private company worldwide.
- He eventually stepped off the board in 2020 but told Forbes in 2023 that he still spends about 10% of his time consulting with teams at Microsoft.
- Facebook was first created to let students connect by matching their names with images.
- As of Monday, Zuckerberg’s net worth increased by over 4% to $217.7 billion, while Ellison’s wealth depreciated slightly to $209 billion.
- Bernard Arnault falls to No. 3 richest, down from No. 2 last month.
Following this project’s success, Gates dropped out of Harvard during his junior year and founded Microsoft with Allen. Google also offers a variety of electronic devices, including Pixel smartphones, computers, and tablets, Nest smart home devices, and the Stadia gaming platform. An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979. Mark Zuckerberg first developed Facebook (now Meta) alongside fellow students Eduardo Saverin, Dustin Moskovitz, and Chris Hughes while attending Harvard University in 2004.
Net Worth: $19.5 Billion Age: 93 Country/Territory: United States Industry: Media & Entertainment
It also wouldn’t hurt to have been born into wealth; however, the greatest fortunes on this list started as good ideas that people with creativity, drive, and connections used to build some of the world’s largest companies. With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own. Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. He rejected the idea that the world’s largest fortunes should be taxed, as some propose, because then those fortunes would go elsewhere. Explore the top 10 richest people in the world, featuring influential entrepreneurs and business magnates with staggering net worth.
- And time is something that individuals have whether they’re rich or poor, well-placed or not.
- Explore the top 10 richest people in the world, featuring influential entrepreneurs and business magnates with staggering net worth.
- Musk owns an estimated 74% of the social media company, which is now worth nearly 70% less than he paid, Forbes estimates.
- Page and his friend Sergey Brin developed the concept of enhancing Internet data extraction in 1995 while they were students at Stanford University.
- His fortune increased by an estimated $5.1 billion during December 2023 amid a nearly 6% jump in the price of Alphabet shares.
Net Worth: $33.1 Billion Age: 79 Country/Territory: Switzerland Industry: Logistics
In 2006, the company purchased YouTube, the top platform for user-submitted videos. In 2016, he gave $200 million to the University of Southern California for a new cancer research center. Ellison backed the Oracle Team USA sailing team, which won the America’s Cup racing series in 2010 and 2013. On July 20, 2021, Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch student Oliver Daemen completed Blue Origin’s first successful crewed flight, reaching 5 richest people in the world an altitude of more than 66 miles before landing safely.
- One effort is to develop tools to help others cure, manage or prevent all disease; Zuckerberg and Chan spoke to Forbes earlier this year about their philanthropic efforts.
- Musk’s fortune grew by $400 million in the past month—a rounding error for someone worth more than $400 billion.
- Bernard Arnault ($179.6 billion), the head of the LVMH Moët Hennessy Louis Vuitton luxury empire and the richest person in France, was at the inauguration with his son, Alexandre.
- Elon Musk is the richest person in the world, a position he held for much of 2022 as well.
- Donors who gave $1 million, or raised $2 million from others, were reportedly given six tickets to a series of events in the days leading up to the inauguration, including a “candlelight dinner” with Trump and Melania Trump and a black-tie ball.
- XAI raised an additional $5 billion from investors in November, valuing the startup at $50 billion.
Musk was also the world’s richest person for most of 2022—until December 2022, when a drop in Tesla’s share price pushed down the value of his fortune. Legal E-Billing Musk became the world’s richest person again on June 8, 2023 and held onto the number one spot for the remainder of 2023. The CEO of electric carmaker Tesla, Musk also owns stakes in privately held rocket firm SpaceX and social media company X, formerly known as Twitter. Elon Musk maintained his spot as the world’s richest person, worth an estimated $243.7 billion, $3 billion more than a month ago following an increase in the value of rocket firm SpaceX.