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The Richest People in the World in 2023

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Richest People in the World in 2023

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The Richest People in the World in 2023

After witnessing record gains in wealth, ultra-high net worth individuals (UHNWIs) lost a combined $10 trillion last year.

A lagging stock market dented these fortunes against high interest rates, energy shocks, and economic uncertainty. But in 2023, some of the world’s billionaires have flourished, posting sky-high revenues in spite of inflationary pressures.

With data from Forbes Real-Time Billionaires List, we feature a snapshot of the richest people in the world in 2023.

Elon Musk at the Top

Elon Musk, CEO of Tesla and the company’s largest shareholder, is the wealthiest person in the world. Musk’s net worth stands at over $245 billion.

In November, Tesla launched its Cybertruck, its first new passenger vehicle in three years. Musk called it the company’s “best product ever.” The event drew mixed responses, with some complaining that cheaper models had jumped $20,000 from previous price targets.

In the table below, we show the world’s 10 richest people with data as of November 30, 2023:

RankNameSourceNet Worth
Dec 2023
1Elon MuskTesla, SpaceX$245B
2Bernard Arnault & familyLVMH$191B
3Jeff BezosAmazon$168B
4Larry EllisonOracle$147B
5Warren BuffettBerkshire Hathaway$119B
6Bill GatesMicrosoft$118B
7Mark ZuckerbergMeta (Facebook)$116B
8Steve BallmerMicrosoft$113B
9Larry PageGoogle$112B
10Sergey BrinGoogle$107B

The second-richest person in the world is France’s Bernard Arnault, chairman and CEO of LVMH. With 75 brands, the luxury conglomerate owns Louis Vuitton, Christian Dior, and Tiffany.

Third on the list is Jeff Bezos, followed by Oracle founder Larry Ellison. Oracle, a multi-billion dollar cloud provider, is partnering with Nvidia in its artificial intelligence (AI) supercomputing platform designed for enterprises across multiple industries.

Fifth on the list is Warren Buffett. In his 2022 annual letter to shareholders, he discussed how Berkshire Hathaway reported record operating profits despite economic headwinds. The company outperformed the S&P 500 Index by about 22% in 2022.

How Fortunes Have Changed

Given multiple economic crosscurrents, billionaire wealth has diverged over the last year. Zuckerberg’s wealth has soared the fastest, at 57%, followed by Ellison at 43%.

In its “year of efficiency,” Meta has laid off over 10,000 employees this year on top of 11,000 in November of 2022. Meanwhile, online advertising has bounced back in 2023, and the company posted better-than-expected revenues in the third quarter.

Top 10 Richest People in the World Growth

Bill Gates has seen his wealth decline 9%, or $11 billion, the most across the top 10 richest.

So far this year, AI market euphoria has led fortunes in big tech to rebound, although not all have fully recovered. In 2022, the top 10 tech billionaires lost almost $500 billion in combined wealth.

Taylor Swift Reaches Billionaire Status

Thanks to the stunning success of the Eras Tour, Taylor Swift became one of the newest members of the Forbes list in October, with a $1.1 billion net worth.

The tour has added an estimated $4.3 billion to U.S. GDP.

Swift’s music sales have generated the majority of her fortune, at $400 million since 2019. This is followed by ticket sales and merchandise ($370 million), streaming earnings ($120 million), and the value of her five personal properties ($110 million).

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The Wealthiest People in the World, Outside of America

This graphic shows the wealthiest people in the world that live in countries either than America, from luxury moguls to India’s titans.

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The Wealthiest People in the World, Outside of America

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Today, nine of the top 10 wealthiest people in the world are American, largely due to fortunes in big tech—but looking beyond U.S. borders tells a different story.

In Asia, people in the highest echelons of wealth are energy and industrial titans, while the richest in Europe run luxury conglomerates and major consumer firms. Many of these companies are well known globally, and several are only known within their region.

This graphic shows the richest people that live outside of America, based on data from Bloomberg.

The World’s Richest: A Global Perspective

Here are the wealthiest non-American people in the world as of January 2024:

RankNameCountryNet Worth
Jan 2024
1Bernard Arnault🇫🇷 France$183B
2Mukesh Ambani🇮🇳 India$108B
3Carlos Slim🇲🇽 Mexico$101B
4Françoise Bettencourt Meyers🇫🇷 France$97B
5Gautam Adani🇮🇳 India$96B
6Amancio Ortega🇪🇸 Spain$85B
7Zhong Shanshan🇨🇳 China$62B
8Gerard Wertheimer🇫🇷 France$47B

France’s Bernard Arnault, with a net worth of $183 billion, is the world’s richest person thanks to the success of LVMH, the luxury conglomerate he runs.

With brands including Louis Vuitton, Fendi, and Christian Dior, LVMH is among the largest public companies in Europe, reaching a $444 billion valuation in 2024. Last year, the company witnessed record revenues driven by sales in its fashion and leather divisions.

Latin America’s richest person is Carlos Slim, with a fortune of $101 billion. Slim’s net worth is equal to nearly 8% of Mexico’s GDP. His wealth is largely derived from his ownership of América Móvil, Latin America’s largest mobile-phone operator, as well as his conglomerate, Grupo Carso.

The world’s richest woman is Françoise Bettencourt Meyers, also from France. According to Bloomberg, Bettencourt Meyers’ controls one-third of L’Oreal, and is the chairwoman of her family’s private equity firm, Tethys Investments.

As China’s richest person, Zhong Shanshan is chairman of bottled water company, Nongfu Spring. The company is listed on the Stock Exchange of Hong Kong, where it raised $1.1 billion from its 2020 IPO. He is also involved with Beijing Wantai Biological Pharmacy Enterprise, a producer of vaccines.

While the richest people in America are heavily concentrated in tech, not one on this list derives the majority of their wealth from the sector, illustrating a clear departure from this trend.

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