Who is the wealthiest person on the planet? Bernard Arnault & Family, with an impressive total worth of $210.8 billion is acknowledged as the richest human being in the world. This French businessman is chief executive officer and chairman of LVMH Moet Hennessy Louis Vuitton, which is the world’s most prestigious company for luxury products. The wealth of Arnault is the result of his investment success in fashion, luxury brands, and other sectors.
The top 10 richest individuals in the world in 2023-24:
In the constantly evolving global economy, only a few people have been identified as the titans of wealth. As of August 20, 2023, the ranks of the top men in the world are dominated by a variety of entrepreneurs, visionaries, and business magnates from all over the world. Let’s take a look at the 10 richest individuals around the globe and discover their amazing journeys to accumulate fortunes.
1. Bernard Arnault
- Net worth $210.8 billion
- Source for LVMH/luxury items:
- Age: 73
- Residence: Paris
- Nationality: France
French billionaire Bernard Arnault is the richest man on earth. Arnault is atop the list, coveted position with a staggering wealth at $210.8 billion. He oversees LVMH (Moet Hennessy Louis Vuitton) the world’s most renowned brand of luxury products. LVMH has a wide range of well-known brands like Louis Vuitton, Christian Dior, Moet & Chandon, and Sephora.
Arnault’s rise to the top of wealth was helped by his strategic purchases, including the $15.8 billion acquisition of Tiffany & Co. jewelry. In addition, his empire has family involvement in the five kids of four being involved in the operations of LVMH.
2. Elon Musk
- Net Worth: $196.5 billion
- Source: Tesla, SpaceX, Twitter
- Age: 51
- Residence: Austin, Texas
- Nationality: US
Elon Musk, a symbol of entrepreneurship and innovation is the second-richest man on earth. Elon Musk is ranked second with an estimated total net worth of $196.5 billion. Musk’s ventures cover a variety of areas such as electric cars (Tesla) as well as exploration of space (SpaceX) as well as Twitter. (Twitter).
The constant pursuit of cutting-edge technologies brought him to the spotlight. Musk’s career began with South Africa and led him to co-found businesses like PayPal which later added to his huge fortune.
Also Read: Top 10 Youngest Billionaires in the World 2022
3. Jeff Bezos
- Net Worth: $117.4 billion
- Source: Amazon
- Age: 59
- Residence: Medina, Washington
- Citizenship: US
Jeff Bezos, the visionary behind Amazon is third on the list, with his Net amount in the range of $117.4 billion. The creation of the retailer revolutionized commerce as well as cloud computing. Bezos expanded beyond e-commerce to include ventures such as Blue Origin, a private aerospace firm. His efforts have been pivotal in shaping the current digital world.
4. Larry Ellison
- Net worth $112.3 billion
- Source: Oracle
- Age: 78
- Residence: Lanai, Hawaii
- Citizenship: US
Larry Ellison is another richest man from the USA. The brain that runs Oracle Corporation, stands at the fourth spot with an estimated total net amount at $112.3 billion. Oracle’s acclaim in software solutions and acquisitions such as Sun Microsystems solidified Ellison’s status. He also received recognition for his venture into investments, such as Tesla and Tesla, which highlighted his many activities.
5. Warren Buffett
- Net worth $106.4 billion
- Source: Berkshire Hathaway
- Age: 92
- Residence: Omaha, Nebraska
- Nationality: US
Warren Buffett dubbed the “Oracle of Omaha,” takes the fifth spot, with an estimated total net worth in the range of $106.4 billion. His expertise in finance led him to the helm of Berkshire Hathaway, an investment conglomerate that covers a range of industries. Buffett’s commitment to charity and his dedication to the Give Pledge make Buffett’s legacy awe-inspiring.
6. Bill Gates
- Net worth $104.9 billion
- Source: Microsoft, investments
- Age: 67
- Residence: Medina, Washington
- Nationality: US
Bill Gates, Microsoft’s co-founder and co-founder of Microsoft, is the sixth richest person in the world, with an estimated total net worth in the range of $104.9 billion. Gates played a key role in the development of the technological revolution, eventually changing Microsoft into a technology major. His philanthropic endeavors with the Gates Foundation have left a lasting impression on the world of medicine and academics.
7. Carlos Slim Helu
- Value: $89.9 billion
- Source Information: Telecommunications, investments
- Age: Age: 83 years old
- Residence: Mexico City
- Nationality: Mexico
Carlos Slim Helu, a telecom entrepreneur from Mexico holds the seventh position in the list of wealthiest people, with a wealth in the range of $89.9 billion. His influence is felt across telecoms and other industries which makes him an essential actor in the Latin American business world.
8. Mukesh Ambani
- Net Worth: $83.3 billion
- Origin: Petrochemical, Telecom
- Age: 65
- Residence: Mumbai, India
- Nationality: India
Indian industrialist Mukesh Ambani lands eighth place with an estimated net value that is $83.3 billion. As chairperson of Reliance Industries, Ambani spearheads initiatives that encompass petrochemicals and telecoms, as well as retail. His work has made an impact on the economic growth of India.
9. Steve Ballmer
- Net Worth: $80.9 billion
- Source: Microsoft, investments
- Age: 66
- Residence: Hunts Point, Washington
- Nationality: US
Steve Ballmer, a former CEO of Microsoft is the ninth highest-paid executive with a sum in the range of $80.9 billion. Beyond his position at Microsoft Ballmer’s ownership stake in his own team, the Los Angeles Clippers underscores his diverse interests.
10. Francoise Bettencourt Meyers
- Net Worth: $80.7 billion
- Source: L’Oreal
- Age: 69
- Residence: Paris, France
- Nationality: France
Francoise Bettencourt Meyers, who is the most powerful woman in the world tops the list of 10 with her total net worth that is $80.7 billion. As a heiress to L’Oreal the cosmetics company, she has an important part in the world of cosmetics and continues to have a charitable presence. Source.
Who is the wealthiest man on earth?
In August 2023 the title of world’s wealthiest man goes to Bernard Arnault, the CEO and Chairman of France’s LVMH. The colossal sum of his wealth is around $211 billion. Arnault’s rise to this prestigious position was made possible by a major event which was the dramatic fall in the fortunes of Elon Musk in the latter half of 2022. This was triggered by a drop in the value of Tesla the electric vehicle maker he manages.
Who is the most wealthy woman on the planet?
The main focus of the world’s wealthiest lady is Francoise Bettencourt Meyers, who is a French magnate. In August 2023, her wealth is estimated at $80.7 billion, which is firmly securing her place as the 10th richest person on the planet.
The wealth she has amassed is connected to her holding shares in the giant cosmetics company L’Oreal. The wealth was passed down through her mother who died in the past. It is interesting to note that the origins of L’Oreal can be traced all the way to her grandpa who was the visionary designer behind the cosmetic giant.
Conclusion
This list of most wealthy individuals is a testament to human innovation, determination, and tenacity. From inventing revolutionary technology to shaping industries, these people have redefined the limits of possibilities. Their contribution goes beyond the realm of financial success and has left an imprint on society, philanthropy, and the business world at large.
