Who is the most richest person in the world currently?

With a net worth of $239.3B, Elon Musk currently holds the top position on the list of the world’s wealthiest individuals. He is regarded as the wealthiest person globally and has achieved significant financial success through his various entrepreneurial endeavors.

The World’s Billionaires List or Real-Time Billionaires List

Forbes Magazine releases the World’s Billionaires List or Real-Time Billionaires List on an annual basis, ranking the world’s wealthiest billionaires by their recorded net worth. This list was first published in 1987 and has since become a highly regarded reference for tracking the financial status of the global elite.

The determination of each individual’s net worth is estimated by factoring in their reported assets, accounting for debts and other pertinent factors. A list is subsequently published that ranks individuals based on their net worth, exclusively in US dollars. It is noteworthy to mention that this particular ranking omits royalty or dictators whose wealth is based on their standing.

List of Top 10 Richest Man in the World by 24th September 2023

Information the richest person in the world

Elon Musk

• Age: 51 years
• Net worth: $240.7B
• Source: Tesla and SpaceX
• Residence: Austin, Texas
• Citizenship: United States

Elon Musk, the CEO of renowned companies such as Tesla, an electric car manufacturer, and SpaceX, a space exploration venture, currently stands as the wealthiest individual worldwide. His possession of a 23 percent stake in Tesla represents a considerable portion of his fortune, with approximately two-thirds of his total wealth being linked to the company’s prosperity. Notably, in October 2022, Musk made headlines for the purchase of Twitter for $44 billion.

In 2010, Elon Musk led Tesla to its initial public offering, paving the way for the company’s remarkable growth in market capitalisation over the next decade. By 2020 and 2021, Tesla’s growth had propelled Musk to become one of the top 10 richest people in the world by September 2021, with his fortune reaching an impressive $320 billion at its peak in November 2021.

Bernard Arnault & Family

Bernard Arnault, who ranks as the second wealthiest individual globally, serves as both the CEO and chairman of Moët Hennessy Louis Vuitton (LVMH), the largest purveyor of luxury goods around the world. The LVMH brand encompasses an array of approximately 70 acclaimed fashion and beauty brands, including Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora. Recently, in January 2021, LVMH made a significant addition to its portfolio with the purchase of Tiffany & Co., the jeweller, for an astounding $15.8 billion.

Arnault’s offspring actively participate in different segments of the vast LVMH corporation. In the month of January 2023, he designated his daughter Delphine to spearhead Dior, which is the organization’s second most significant label.

Jeff Bezos

• Age: 59 years
• Net worth: $154.9B
• Source: Amazon
• Residence: Medina, Washington
• Citizenship: United States

In July 2021, Jeff Bezos opted to step down from his position as CEO of the successful ecommerce giant Amazon, while remaining as the chairman. Simultaneously, he embarked on a space expedition through a rocket developed by Blue Origin, a private space exploration organization founded and extensively financed by him with multibillion-dollar investments.

Larry Ellison

• Age: 78 years
• Net worth: $146.1B
• Source: Oracle
• Residence: Lanai, Hawaii
• Citizenship: United States

In 1977, Larry Ellison played a pivotal role in co-founding the software firm Oracle and held the position of its CEO for 37 years until 2014. Presently, he serves as the company’s chairman and Chief Technology Officer. In 2012, Ellison made headlines with his acquisition of the Hawaiian island of Lanai for a staggering $300 million. Furthermore, he has explored investments in various sectors, including a notable stake in Tesla, where he served on the board of directors from 2018 until 2022.

Bill Gates

• Age: 67 years
• Net worth: $119.3B
• Source: Microsoft, investments
• Residence: Medina, Washington
• Citizenship: United States

In the year 1987, Gates was first recognised by Forbes as a billionaire. From 1995 till 2017, with the exception of 2008 and during the years 2010-2013, Gates held the designation of the world’s wealthiest individual. However, in 2021, Gates’ marriage to Melinda French Gates came to an end, with Melinda being awarded at minimum $6 billion in stocks as part of the divorce settlement. Recently, Forbes estimated that Gates’ net worth increased by a modest amount of around $500 million between the dates of May 1st and June 1st in the year 2023, consequently enabling him to surpass others in the rankings and attain the fifth position.

Warren Buffett

• Age: 67 years
• Net worth: $119.3B
• Source: Microsoft, investments
• Residence: Medina, Washington
• Citizenship: United States

One of history’s most accomplished investors is Warren Buffett, who is widely recognized as the “Oracle of Omaha.” He heads Berkshire Hathaway, an investment conglomerate that has a diverse portfolio, including several companies such as Geico, an insurance provider, Duracell, a battery manufacturer, and Dairy Queen, a restaurant chain.

The Giving Pledge initiative was established in 2010 by Warren Buffett, Bill Gates, and Melinda French Gates, with the goal of encouraging billionaires to contribute no less than 50 percent of their riches to charitable organizations. Compellingly demonstrating his significant philanthropic dedication, Buffett has publicly declared that he intends to give away 99 percent of his wealth.

Mark Zuckerberg

• Age: 39 years
• Net worth: $115.2B
• Source: Meta
• Residence: Palo Alto, California
• Citizenship: United States

Mark Zuckerberg, who is both a co-founder and the current CEO of Meta Platforms, developed Facebook, the company’s premier social media platform, in 2004, at the young age of 19 while he was studying computer science and psychology at Harvard University. The purpose of creating Facebook was to match the names of students on the campus with their pictures. Two years later, in 2006, Facebook was launched to the public for individuals aged at least 13 years and website visitors who possessed a valid email address.

Zuckerberg, in May 2012, took his company public and earned the 10th rank on the Forbes list of The World’s Most Powerful People by December 2016. It is noteworthy that at present, Zuckerberg possesses sizeable ownership of approximately 13 percent of his firm’s stock.

The individual, a 39-year-old individual working in the technology industry, is currently married to Priscilla Chan and has three daughters. Along with his wife, he has committed to spending an impressive $3 billion with the aim of putting an end to, finding cures for, or devising means of managing all diseases by the year 2100.

Larry Page

• Age: 50 years
• Net worth: $111.9B
• Source: Google
• Residence: Palo Alto, California
• Citizenship: United States

In 1998, Google was co-founded by Larry Page and his colleague Sergey Brin, both PhD students at Stanford University. Page initially held the position of CEO until 2001 and subsequently resumed the role from 2011 to 2015.

At present, he holds a position on the board of Alphabet, the parent organization of Google, and exercises substantial influence on the company in his capacity as a major shareholder.

Page assumed a significant position as one of the primary investors in Planetary Resources – an enterprise with a primary emphasis on investigating space.

Sergey Brin

• Age: 50 years
• Net worth: $106.2B
• Source: Google
• Residence: Los Altos, California
• Citizenship: United States

Steve Ballmer

• Age: 67 years
• Net worth: $103.4B
• Source: Microsoft, investment
• Residence: Hunts Point, Washington
• Citizenship: United States

Steve Ballmer, who was a Harvard University classmate of Bill Gates, served as the CEO of Microsoft from 2000 until 2014. Ballmer became the company’s 30th employee in 1980, after abandoning his pursuit of an MBA at Stanford University.

It was in the year that Ballmer retired from Microsoft that he caused a stir by purchasing the Los Angeles Clippers basketball team for a whopping $2 billion, consequently setting a record for the highest price ever paid for an NBA team.