The world is filled with people having billions of wealth earned from their hard work and dedication. These billionaires play a significant role in building the economy of every nation. They play a keen role in international politics, philanthropy, and the creation of new technologies. With their efforts, millions of people get employment all around the world. These wealthiest men have significant power in the global world. Hence their importance and need to society can’t be ignored. So aren’t you excited to know the name of the Richest Man in the World? So let’s get dive into the topic without any further delay.
Top 10 Richest Men in the World
Our list is prepared based on the data available from various sources. Although the net worth of the wealthiest man in the world fluctuates, the accurate, current net worth of these billionaires may need to be corrected. You may be surprised that the together net worth of billionaires globally is worth $ 12.2 trillion, reduced by $ 500 billion from the previous year, as it was $ 12.7 trillion as of March 2022. The central portion of the net worth of all the billionaires on Earth is brought down by the Top 10 Richest Men in the World. So let’s begin the countdown with the number one position on the list.
- Bernard Arnault
Net Worth- US $240 billion
Business Model- LVMH
Family- Helene Mercier(spouse), five children
The founder of the luxury goods giant LVMH, Bernard Arnault, is the Richest Man in the World. The leading man has left behind the Tesla CEO Elon Musk. This is not the first time the business magnate has arrived at the top position; in 2021, he surpassed some leading names in the business world, including Jeff Bezos and Bill Gates, and managed to grab the title of the wealthiest man in the world.
The French business magnate started his career by working in his father’s company and making it a real estate company. In 1987, Bernard, with Alain Chevalier and Henry Racamier, formed the business model LVMH. He is chairman of the world’s largest luxury goods company, LVMH, and Christian Dior SE.
- Elon Musk
Net Worth- $ 192 billion
Business Model- Tesla, SpaceX, Twitter
Family- 10 children and three times divorced
No. 2 on the list of the wealthiest man in the world is the American tech giant businessman Elon Musk, the founder, CEO, and product architect of Tesla. Recently he acquired Twitter for $ 44 billion and owns nearly 74% shares of the social networking company. The central portion of his net worth, nearly two-thirds, has been brought down from Tesla, and the drop in Tesla shares in the market after owning Twitter is said to be the reason for his falling at no. 2. Nevertheless, believing the recent reports, the fortune of the business magnate increased by nearly $ 6 billion By March 31st, 2023. Musk remained the Richest Man in the World for two consecutive years, 2021 and 2022.
- Jeff Bezos
Net Worth- US $ 125 billion
Business Model- Amazon
Family- Spouse Mackenzie Scott (Divorce), four children
The founder and CEO of the world’s largest e-commerce and cloud computing giant Amazon, Jeff Bezos, hold the number three position on our list. Bezos began Amazon as a bookseller company, now dominating the online shopping industry. The company also moved into the media by establishing the Amazon Prime Video digital network platform. Bezos was the world’s richest man from 2018 to 2021 and dropped to the second position in 2022, with Elon Musk earning the title.
- Bill Gates
Net Worth- US $ 116 billion
Business Model- Microsoft
Family- Spouse Melinda French ( div. 2021), children 3
Bill Gates co-founded Microsoft with Allen after dropping out of his colleagues during his junior year. The world’s largest software company produces a line of personal computers, provides e-mail services, and sells video game systems and associated game devices. He was among the significant entrepreneurs of the 1970s-80s microcomputer revolution, but in the 1990s, the businessman was criticized for his business tactics. Most of his net worth is built by Cascade Investment LLC, a privately held investment vehicle. He is also a renowned philanthropist and has donated million dollars so far for the betterment of the society.
- Warren Buffet
Net Worth- US $ 104 billion
Family-spouse Astrid Menks, children 3
The American business magnate is the CEO and chairman of Berkshire Hathaway, most famously known for his immense investment success. Buffet is known as the Oracle or Sage of Omaha, the largest city in the US state of Nebraska, for his massive fortune earned from his investment qualities. He is famous not only as among the top 10 richest men in the world but also as a noted philanthropist. The businessman has pledged to donate 99% of his wealth and founded the Giving Pledge with Bill Gates in 2010. In the foundation, the billionaires pledge to donate half of their wealth.
- Larry Elison
Net Worth- US $ 102 billion
Business Model- Oracle Corporation
Family- 4 times divorced, Two children
Lawrence Joseph Ellison, the American business magnate, co-founded one of the world’s largest software companies, Oracle Corporation. The tech giant is known for his 98% ownership stake in Lanai Island. From being an adoptive child to a multi-billionaire businessman, this man has come a long way with his hard work and dedication. The aggressive marketing strategies and innovation he led made Oracle become the most extensive database management company in the world in 1987. In 2014 Elison resigned as CEO of Oracle but continued working as an executive chairman and chief technology officer.
7. Steve Ballmer
Net Worth- $ 90 billion
Business Model- Microsoft CEO
Family- Spouse Connie Synder, children 3
Steve Ballmer, full name Steven Anthony Ballmer is the American business magnate who served as the CEO of Microsoft from 2000 to 2014. He is the largest stakeholder in Microsoft, holding a 4% stake in it. Ballmer was hired by Bill Gates in 1980 and eventually became the president in 1998. He pushed the tech company into hardware and introduced the iPhone and Android. During his tenure, the company doubled its profit and tripled its sales. In 2014 he was replaced by Satya Nadella.
8. Carlos Slim Helu
Net worth- $ 86 billion
Business Model- Telmex, America Movil, and Grupo Carso
Family- Spouse late Soumya Domit, six children
Carlos Slim Helu is an American business magnate with the most prominent mobile telecom firm. Currently, the investment company operates in at least 15 countries. Slim left Bill Gates and Warren Buffet behind from 2010 to 2013 and became the world’s wealthiest man. Carlos, at a very young, decided that he wanted to become a businessman and received business lessons from his father. Mexican businessman accounts for 40% of the listings on the Mexican Stock Exchange. By 2016 Carlos hold is the largest single stakeholder in The New York Times Company.
9. Francoise Bettencourt Meyers
Net Worth-$ 85.7 billion
Family- Spouse Jean-Pierre Meyers
The French businesswoman Francoise Bettencourt Meyers is the only woman who makes it to the top 10 billionaires in the world and the Richest woman in the world. She inherits all her wealth from her father, Liliane Bettencourt. She is the Vice chairman of the cosmetic company Loreal founded by his grandfather Eugene Schueller. In 2017 after her mother’s demise, her fortune tripled. Although she inherited the company still, the efforts made by her to keep the company growing are commendable. Apart from being a businesswoman, Francoise is also a writer; she wrote several Bible commentaries.
- Michael Bloomberg
Net Worth- $ 55 billion
Business Model- Bloomberg L.P
Family-Spouse Susan Brown-Meyer (Divorced), two children
The last name in our list is the most famous politician and the co-founder of Bloomberg L.P, Michael Bloomberg. He owns 88% of the business currently. The businessman served as the mayor of New York City three times and was a Democratic candidate for the 2020 presidential election in the USA. The businessman also served his services as chair of the Defense Innovation Board. The businessman is also a renowned philanthropist who donated $ 14.4 billion to support climate change, education, and health care in the US.
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