World’s Richest Persons on the Planet in 2023 [Top 10]

They say money is abundant in nature. Well! That is especially true for some people in this world, especially for world’s richest persons.

A person’s value is determined by any least doubts and all the reported assets. This data is collected in the financial year of March every year. The inaugural edition of this ranking was first introduced in 1987.

The rankings indicate the net worth of individuals in terms of US dollars.

Here is a list of the World, ‘s 10 Richest Persons on the Planet in 2023.

Top 10 World’s Richest Persons

1. Elon Musk

Just at age 52 Elon Musk is the richest person in the world. He is based in the United States, and serves as Tesla’s co-founder and CEO, boasting a net worth of $222 billion.

He said to the Forbes magazine “People think it is easy to earn money, I work 14 hours a day sometimes.”

With a 13% Tesla ownership stake being valued at $98.1 billion, complemented by a 79% ownership stake in X, worth $9.32 billion. Musk’s other private assets include SpaceX ($53.2 billion) and the Boring Company ($3.33 billion).

He co-founded companies like SpaceX (rocket producer), Tesla (electric car maker) and Boring Company (tunnelling startup). A significant part of his wealth is from the success of Tesla.

Many people have a conspiracy theory that Elon is trying to inhabit Mars. He wants humans to start living on other planets in future. Well! It sure will be an exciting experience.

Musk decided to acquire Twitter in October 2022 for $44 billion. This billionaire is a father of 11 children with three different women.

2. Jeff Bezos

Jeff Bezos at age 59 is the second richest person in the world. He resides in the United States and holds the position of Founder and Executive Chair at Amazon. The largest online retailer in the world.

His substantial net worth of $171 billion largely stems from a 10% ownership stake in Amazon, valued at $145 billion. Bezos diversifies his portfolio with private assets like Blue Origin ($11.2 billion).

The Washington Post ($250 million), and Koru ($500 million) and holds $14 billion in cash.

One of his famous quotes is “ If you can’t handle critics, don’t do anything new or interesting”

In July 2021 he gave up his role as CEO of Amazon, while still maintaining a position as chairman.

He also owns an aerospace company named The Washington Post and Blue Origin. It designs rockets. He flew to space in July 2021.

3. Bernard Arnault

World’s third richest person with a net worth of 169 billion dollars. Residing in France is a prominent figure who holds the dual roles of CEO and Chair at LVMH (LVMUY).

Notably, he has a significant 97.5% ownership stake in Christian Dior, valued at $130 billion. Further diversifying their assets, they own $26.1 billion in Moelis & Company equity and also have a cash reserve of $13.1 billion.

The world’s largest luxury goods company “Moet Hennessy Louis Vuitton (LVMH)” encompasses approximately 70 renowned fashion and cosmetics brands.

In January 2021, Louis Vuitton completed the acquisition of jeweller Tiffany & Co. for a whopping $15.8 billion.

This billionaire has five children. In January 2023, his daughter Delphine took over Dior, the group’s second-largest brand. The Kpop Black Pink star Kim Jissu is the new brand ambassador for Dior.

4. Bill Gates

Residing in the United States is renowned as the co-founder of Microsoft. He is 68 years old and has been considered to be a prodigy since a young age.

Talking about his net worth of $134 billion. Their Microsoft ownership stake sits at 1.4%, valued at $24.1 billion. Beyond Microsoft, their diverse portfolio includes $64.1 billion in cash and investments across numerous other companies.

This is very beneficial for influencer relationships and maintaining a presence in the business world.

He gets a significant portion of his wealth from Microsoft. He also has investments in zero-carbon energy. Bill co-founded Microsoft with Paul Allen in 1975 and owns only 1% of the software company’s shares as of March 2020.

He also invested in various companies like Canadian National Railway and AutoNation. Bill got the fourth rank on the real-time billionaire’s list in 2022.

5. Larry Ellison

At the age of 79, Larry Ellison is the fifth richest person in the world. He resides in the United States. He serves as the co-founder, Chair and CTO of Oracle (ORCL), boasting a substantial net worth of $129 billion.

His Oracle ownership stake exceeds 42%, valued at $96.1 billion. Additionally, his diversified assets include $10.7 billion in Tesla equity, a noteworthy public asset and a managed to maintain a cash reserve of $21.8 billion.

He owns 35% of software giant Oracle and is its chief technology officer, chairman and co-founder. Ellison left the CEO position at Oracle in 2014. He shifted permanently to Hawaiian Island Lanai and bought it for $300 million. He bought shares worth 3 million in Tesla and joined its board in December 2018.

6. Steve Ballmer

Steve Ballmer is a 67-year-old. He is living in the United States, owns the Los Angeles Clippers and commands a remarkable net worth of $129 billion.

With a 4% Microsoft ownership stake, valued at $119 billion, their influence extends beyond sports. Notable private assets include the Los Angeles Clippers ($3.73 billion), The Forum ($400 billion) and the Intuit Dome ($2 billion), complemented by a substantial $3.48 billion in cash.

7. Warren Buffet

One of the most respected world’s richest persons. Warren Buffet, residing in the United States. He is 93 years old. He served as the CEO of Berkshire Hathaway (BRK.A) with a considerable net worth of $119 billion.

His stake in Berkshire Hathaway stands at 15%, valued at $118 billion. Complementing this, he holds $1.28 billion in cash, reflecting a strategic approach to wealth management and investment.

He is the world’s most important investor and is famous for his brilliance. He is known as the “Oracle of Omaha”. You must be interested in Warren Buffet’s life lessons!

8. Larry Page

Lawrence Edward Page is known as an American billionaire business magnate. He is the co-founder of Google with Sergen Brin.

He is the co-creator and namesake of PageRank, a ranking algorithm for Google.

Larry Page, aged 50 and residing in the United States, stands as the co-founder and board member of Alphabet (GOOG), boasting a substantial net worth of $119 billion. With a 6% ownership stake in Alphabet, valued at $102.7 billion.

Page strategically manages his wealth. Notably, he holds additional assets, including $16.3 billion in cash, indicating a diversified and financially astute approach to his portfolio.

9. Mark Zuckerberg

He is 39 years old and managed to be a filthy rich fellow.

Mark is based in the United States and holds the dual roles of CEO and Chair at Meta Platforms (META), formally known as Facebook. He has a significant net worth of $115 billion.

He co-founded the social media website Facebook and its parent company Meta Platforms of which he is the executive chairman, CEO and controlling shareholder.

His ownership stake in Meta Platforms stands at 13%, valued at $111 billion, reflecting his influential position in the tech industry.

Additionally, Zuckerberg manages a portfolio that includes $4.03 billion in cash, showcasing his strategic approach to wealth management.

Some famous quotes from Zuckerberg :

“The biggest risk is not taking any risk”

“The greatest success comes from having the freedom to fail “

10. Sergey Brin

He is 50 years old and is residing in the United States, the co-founder and board member of Alphabet (GOOG), and possesses a substantial net worth of $113 billion. His influence stems from a 6% ownership stake in Alphabet, totalling $96.5 billion.

Brin strategically manages his wealth, including significant assets like $16.4 billion in cash.

Brin is a co-founder of Google with Larry Page. He was the president of Google’s parent company, Alphabet Inc. He decided to step down in December 2019.

So, hope you got your mind blown with money inspired by world’s richest persons. There sure is enough for everyone if only we work hard to achieve our goals.