Top 7 Richest Kids in the World in 2023

The Full List of American Billionaires 2023 - Who Are Richest People in the US

Photo KnowInsiders
Photo KnowInsiders

Everyone wants to join the world richest man list but they say that it is all a matter of luck, so it is absolutely wrong to think that if you have positive thinking and visionary outlook, then you can become the world richest man. No power in the world will be able to stop it. How would you feel if your name also comes in the list of the world’s richest men?

Read on to know who are in the list and how many assets they own.

Who Are The Richest People In The World in 2023

1. Bernard Arnault & Family-$181.8 billion

Photo Forbes
Photo Forbes

Bernard Arnault, co-founder, chair, and CEO of LVMH, is the richest person and the richest man in the world with a net worth of $181.8 billion.

Most of Arnault's wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.2% of LVMH. His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.

Bernard Arnault, popularly called “the wolf in cashmere,” was born in Roubaix, France. According to a media report, he was regarded as a little-known real-estate maker attempting to increase his old French family’s power in New Rochelle when he relocated to the US in 1981.

Arnault first joined the luxury market in 1984 when he purchased an almost insolvent French textile firm that owned Christian Dior. He eventually bought a majority position in LVMH, a combination of Louis Vuitton and Mot Hennessy, the champagne and cognac producer.

In 2021, he was the second richest man on Earth with a net worth of $185.6 billion on the Forbes Real-time Billionaires list.
He owns a $35,000,000 Island in the Bahamas

Arnault owns an island valued at $35,000,000 in the Bahamas, a private and exclusive property accessible through invitation only.

The Island offers retreats for the affluent and the filthy rich persons, at a price of

US$300,000 per week, only a few people can afford to visit the island.

He also owns a private jet which he acquired for US$40 million and a massive chateau-style waterfront mansion in Saint Tropez.

Who Is Bernard Arnault - World’s Richest Man in 2023: Biography, Personal Life, Net Worth Who Is Bernard Arnault - World’s Richest Man in 2023: Biography, Personal Life, Net Worth

2. Elon Musk-$146.5 billion

Elon Musk and Talulah Riley
Photo Getty

Elon Musk has watched his fortune shrink by over $100 billion in 2022, but he’s still the world’s richest person.

Elon Musk has lost his crown as the world’s richest person, after further falls in the value of shares in his electric car company Tesla.

Forbes and Bloomberg, which track the wealth of billionaires, reported that Musk had lost the top spot to France’s Bernard Arnault, the chief executive of the luxury group LVMH.

Musk recently sold off about $4 billion of Tesla stock to fund his $44 billion purchase of Twitter, which is embroiled with issues including layoffs and skittish advertisers wary of the platform’s direction. Musk had sold blocks of Tesla shares worth a total of $15.4 billion earlier this year when his deal to buy Twitter was announced.

Estimating Musk’s wealth in general is a difficult task, however, as much of his money is tied up in his private companies, including rocket and internet firm SpaceX, tunneling outfit The Boring Company, and Neuralink, which wants to put computer chips in people’s brains.

According to Forbes' real-time billionaires list, the 51-year-old's net worth decreased by $4.5bn (-2.9%) in comparison to Arnault, who oversees some 70 fashion and cosmetic brands, whose rose by $849m (0.46%).
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3. Gautam Adani-$122.8 billion

Promoter of the Adani Group, Gautam Adani has segregated his multi million business fortune into energy, logistics, agriculture, aerospace and other sectors.

The Adani Group is a multinational conglomerate dealing with port operations and developments in India, making Adani the richest man in Asia.

4. Jeff Bezos-$108.5 billion

Photo AFP
Photo AFP

Amazon founder and CEO Jeff Bezos has a net worth of $117 billion and ranks as the fourth richest person on the earth. His position remains the same even after divorcing his wife MacKenzie in 2019 and transferring a quarter of his stake in Amazon to her. Bezos founded the behemoth Amazon in 1994 out of his garage in Seattle. The e-commerce giant has reaped the benefits of this coronavirus pandemic, with more people shopping online.

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5. Warren Buffett-$106.3 billion

The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. Buffett expanded the company's holdings to insurance and other investments in 1967.

Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies. More recently, Berkshire Hathaway has invested in large, well-known companies. Its portfolio of wholly owned subsidiaries includes interests in insurance, energy distribution, and railroads as well as consumer products.

6. Bill Gates-$103.5 billion

Photo Daily Express
Photo Daily Express

Bill Gates is still the world's sixth-richest person, according to Bloomberg and Forbes rankings, despite giving away shares worth more than $6 billion to his charitable foundation.

Gates donated close to $5.2 billion worth of stock in Canadian National Railway Co to the Bill & Melinda Gates Foundation, SEC filings show.

The Microsoft co-founder also gave away $995 million worth of shares in Deere & Co. to the foundation.

More than 3 million shares were moved from Gates' investment vehicle, Cascade Investment LLC, to the private non-profit organization.

"Money has no utility to me beyond a certain point. Its utility is entirely in building an organization and getting the resources out to the poorest in the world."


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7. Larry Ellison-$101.4 billion

Larry Ellison is an American businessman and investor. He is the co-founder, executive chairman, chief technology officer (CTO), and former CEO of the American computer technology company Oracle Corporation. In 2020, Oracle was the third-largest software company in the world by revenue. The company sells database software and technology, cloud engineered systems, and enterprise software products.

Ellison is also known for his ninety-eight percent ownership stake in Lanai, the sixth-largest island in the Hawaiian Archipelago.

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8. Mukesh Ambani-$88.9 billion

Photo Bstyle
Photo Bstyle

Mukesh Ambani is an Indian billionaire businessman. He is the chairman and managing director of Reliance Industries Ltd., a Fortune Global 500 company and India’s most valuable company by market value.

He is the second richest man in Asia and eighth in the world as of 2022.

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9. Carlos Slim Helú & family-$83.3 billion

Carlos Slim Helú and his family have extensive holdings in many Mexican companies via their conglomerate Grupo Carso, his net worth is $83.3 billion.

This is a new name in the top 10 list.

In 2021, the Mexican businessman of Lebanese origin occupied the twelfth position with a fortune of $62.8 billion dollars. In other words, from one year to the next, Slim increased his fortune by 42% (or $18.4 billion dollars), despite the difficulties of a world plagued by wars and pandemics.

Carlos Slim first appeared on the list in 1991 with a fortune of $1.7 billion. In 2014, it ranked first on the list with a list of $54 billion dollars and unseating Bill Gates who headed it for 14 years.

10. Steve Ballmer-$78.2 billion

The owner of Los Angeles Clippers Steve Ballmer has a net worth of $78.2 billion putting him in the tenth position among the world’s top richest persons. Steve Ballmer joined Microsoft in 1980 and became its CEO in 2000 succeeding Bill Gates.

Ballmer owns an estimated 4% of Microsoft, making him the software giant's largest individual shareholder. In 2014, shortly after stepping down as Microsoft CEO, Ballmer purchased the Los Angeles Clippers basketball team for $2 billion.

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Bernard Arnault has surpasses Elon Musk to become the richest man in the world. Let’s explore the amount of huge assets he owns.