Who are the richest men in the world and what do they invest in? The list was released by the Bloomberg Billionaires Index, bringing a ranking with the biggest billionaires in the world. In 2023, the ranking was updated according to the fortune of these personalities at the moment.
In the top 10, eight are North American businessmen, there is a Frenchman and a Mexican, with domain in the area of technology. Check out!
1. Bernard Arnault (France) – Richest Man in the World – USD 189 billion – Consumption
Who is the richest man in the world? Currently in first place is Frenchman Bernard Arnault, with a fortune of USD 189 billion, which is mainly due to the LVMH conglomerate, which operates in the luxury and fashion sector.
The multinational has about seventy brands, the most famous being Louis Vuitton, Dior, Sephora, Kenzo, Bulgari, Loro Piana, Fendi and TAG Heuer.
2. Elon Musk (USA) – $160 billion – Tech & Automotive
The second richest man in the world is Elon Musk and, according to Bloomberg, his estimated net worth is US$ 160 billion. The South African by birth, but Canadian by adoption, made his fortune in the United States and went from an estimated net worth of 24.6 billion dollars in 2020, when he was only 31st on the list, to the current 264 billion. It is worth noting that he was the first to cross the USD 200 billion bar.
Elon Musk has very diversified investments. He is CEO and co-founder of Tesla, which has seen a 33% increase in the electric car company’s stock. But Musk has seen his assets skyrocket in recent months thanks to SpaceX, the 2002-founded aerospace company of which he is founder, CEO and CTO.
3. Jeff Bezos (USA) – USD 124 billion – Technology
After four years at the top, Jeff Bezos is now considered “only” the third richest man in the world. Bezos left a job that earned USD 200,000 a year on Wall Street to give life to his life project, Amazon, which today is the undisputed leader among the world’s e-commerce platforms.
The Amazon founder’s assets fell by USD 6 billion in one year after the company’s share price dropped by 3% and donations increased by the American billionaire. Currently, Bezos owns about 10% of Amazon. In addition, he owns the Washington Post and Blue Origin, an aerospace company that develops rockets.
4. Bill Gates (USA) – USD 111 billion – Technology
In fourth place is Bill Gates, founder of Microsoft in 1975, and for a long time the richest man in the world. A few years ago he left Microsoft and, despite still belonging to the company’s board, he focuses more on the philanthropic work of the “ Bill & Melinda Gates ” foundation, whose mission is to find solutions to the problems that afflict the poorest populations.
In addition, over the years Bill Gates has built his wealth from the software company Microsoft into a diversified one, including investments in zero-carbon energy.
As a result, he has already invested in several companies such as Canadian National Railway and AutoNation and is one of the largest farmland owners in the US. Currently, his foundation acts on the front line developing technologies to fight Covid-19.
5. Warren Buffett (USA) – USD 107 billion – Finance and investments
Warren Buffett ranks fifth, called the “Oracle of Omaha” (Omaha is the city in Nebraska from which Warren is a native), is recognized as the greatest investor of all time and, in 2022, accumulates a fortune of US$ 107 billion.
Buffett is a true myth in the world of finance, so much so that he built his enormous assets thanks to profitable investments, especially in the insurance sector. By the way, knowing which shares Warren Buffett invests in is excellent for learning how to be a successful investor.
6. Larry Ellison (USA) – USD 99.5 billion – Technology
With a fortune of USD 99.5 billion, Larry Ellison jumped from ninth to sixth position at the beginning of 2023. He is an American entrepreneur and computer scientist, co-founder and CTO of Oracle Corporation, one of the largest software houses in the world, of which he was also CEO until 2014. He has been executive chairman since then and owns about 35% of the company.
In 2018, he joined Tesla’s board after buying 3 million shares of the company.
7. Larry Page (USA) – USD 90 billion – Technology
Seventh place went to Larry Page and his fortune of USD 90 billion. The co-founder of Google, he was CEO of Alphabet, Google’s parent company, until December 2019, when he stepped down, but remains a board member and controlling shareholder.
Like Elon Musk and Jeff Bezos, Larry Page also invests in space exploration. He is a founding investor in space exploration company Planetary Resources and is also backing “flying car” startups Kitty Hawk and Opener.
8. Steve Ballmer (USA) – USD 86.9 billion – Technology
Steve Ballmer is an American executive who served as CEO of Microsoft for over a decade, starting there in the late 70’s as one of the leaders of the group. Ballmer made several long-term investments that helped elevate Microsoft to the top of its market, making it one of the most valuable brands in the world.
Ballmer now has an estimated fortune of more than USD 86.9 billion and is also famous for his various actions related to philanthropy and a curiosity is that the billionaire owns the NBA franchise Los Angeles Clippers.
9. Sergey Brin (USA) – USD 86.4 billion – Technology
The other co-founder of Google, Sergey Brin, occupies the ninth position among the richest people in the world with a fortune of USD 90.6 billion. He also stepped down as president of Alphabet in December 2019, but remains a controlling shareholder and board member.
Born in Moscow but naturalized in the United States, he also directs the Brin Wojcicki Foundation, alongside his ex-wife Anne Wojcicki. He is currently investing in a high-tech airship project.
10. Carlos Slim (Mexico) – USD 85.7 billion – Telecommunications
Closing the ranking of the 10 richest people in the world is the Mexican Carlos Slim, with a fortune of USD 85.7 billion. By the way, the businessman is known in his country as Midas, due to his ability to recover decaying enterprises and make a lot of money with them.
Also considered the King Midas of telecommunications, Slim owns, among his companies, Embratel and Claro, in Brazil, in addition to dozens of businesses in Latin America, the United States and Canada.
Who is the richest man in the world?
Currently, the richest man in the world is the Frenchman Bernard Arnault with a fortune of USD 189 billion, which is mainly due to the LVMH conglomerate that operates in the luxury and fashion sector.
Who are the 10 richest men in the world in 2023?
According to the Forbes 2023 ranking, the 10 richest men in the world are: Bernard Arnault, Elon Musk, Jeff Bezos, Bill Gates, Warren Buffett, Larry Ellison, Larry Page, Steve Ballmer, Sergey Brin, Carlos Slim.
How do the world’s richest invest?
Most of the richest men in the world made their fortunes in the information technology business. That’s because 8 of them are in the technology business.
By the way, 1 is in the luxury consumption industry and another 2 in diversified industries. Also, investment in space exploration has been gaining prominence.