If you’re ever asked the question, “Who is the richest person in the world, and how did they get there?”, you can find the answer in our article. The FXOpen team has gathered information about the wealth and personal backgrounds of the world’s wealthiest people.
For example, do you know how much money Elon Musk has? It’s hard to say for sure because the financial conditions of investors and owners of huge corporations are constantly changing and depend on many factors. Therefore, the list of billionaires changes constantly. For example, this year, Mark Zuckerberg is no longer one of the top10 people who have the most money. Below you will find the current list as of December 25, 2022.
1. Bernard Arnault
Bernard Arnault – the man with the golden touch in the fashion world. A French citizen, Bernard Arnault is the chair and CEO of LVMH, the world's largest luxury goods company. LVMH owns brands like Louis Vuitton, Hennessy, Marc Jacobs, and Sephora. Most of Arnault’s earnings stem from his enormous investment in Christian Dior. Today, Arnault is considered the richest man in fashion, with almost 160 billion US dollars.
2. Elon Musk
Elon Musk is the most enterprising, eccentric and well-known businessman in the world, with a vision to change everything. Needless to say, he is an influential celebrity in his own right. According to Forbes, after a decline in the share price of Tesla, Elon Musk is no longer the wealthiest person on Earth.
But how much is Elon Musk worth today? He currently has $139 billion earned from his investments in the technology sector, Bloomberg states.
3. Gautam Adani
Gautam Adani is the richest man in India. Adani entered the diamond market, which allowed him to ascend to the status of a millionaire rapidly. With this money, he founded the Adani Group, a conglomerate that today is active in many industries, including energy, airport operations, roads, logistics, data centres, and fast-growing consumer goods. Adani Enterprises Ltd is its flagship company. Having established the Adani Group in 1988, now Adani has more than $110 billion.
4. Bill Gates
Bill Gates is one of the wealthiest people in the world. He is a well-known US entrepreneur and a co-founder of Microsoft, the largest computer software firm on Earth. It was founded in 1975 and has continued its expansion in the computing software and gaming sectors over the years.
Being a bright personality, Gates has maintained an active involvement in the company even after the merger with Activision, but in 2020 he eventually sold away the majority of his stake and has now resigned from Microsoft. This technology sector investor has $109 billion.
5. Jeff Bezos
Jeff Bezos is the founder of Amazon, the largest e-commerce site. Compared to other companies in this industry, Amazon has the significant advantage of being an online retail giant, where consumers can buy and sell virtually anything, and it also is one of the most sophisticated logistic organisation platforms in the world. In 2021, Bezos stepped down as Amazon’s CEO but his net worth is still $108 billion.
6. Warren Buffett
Warren Buffett ranks sixth among the richest people on Earth and is an example of the “from rags to riches” story. He first purchased shares in Berkshire Hathaway in 1962 and became the majority stakeholder in 1965, then expanded the business into insurance and other investments. As of December 25, 2022, the price of a single Berkshire Hathaway share is 463,400 USD. The company’s current market cap is more than $678.79 billion, while Buffett's net worth is $106 billion.
7. Larry Ellison
Larry Ellison, like many others on this list, attributes his vast fortune to the development of technology. He created Oracle and built it from a startup to one of the largest software and database companies in the world. Oracle’s current market valuation is $217.99 billion, and Ellison keeps more than 35% of the company’s shares. Due to the considerable investments he made in Tesla before its stratospheric rise, Larry received a net return of more than 1,000%. According to Bloomberg, Ellison’s net worth is $91.1 billion.
8. Steve Ballmer
The former Microsoft CEO and the current owner of the Los Angeles Clippers, Ballmer occupies the eighth spot on our list. Having led Microsoft’s efforts to catch up with Google in search capabilities and Apple in mobile phones, he left Microsoft a billionaire. In 2018, he invested $59 million in social solutions for nonprofits and government agencies. Currently, he has a net worth of about $85.5 billion.
9. Mukesh Ambani
Mukesh Ambani is a founder and chairman of Reliance Industries, the biggest oil refining complex on Earth. It also works with petrochemicals, telecom, and retail. Reliance telecom has more than 420 million subscribers and is preparing to launch 5G services. Ambani is turning Reliance towards green energy, planning to invest $80 billion over the next 10-15 years in renewable sources. The billionaire also owns more than $400 million worth of residential real estate and the professional Mumbai Indians cricket team. His fortune is $85.4 billion.
10. Larry Page
Larry Page co-founded Google when he was just 23 years old. Just like several other software millionaires, he began his route to fame and fortune at Stanford University. He and his friend Sergey Brin (ranked 11th in the top list of billionaires) came up with the concept of enhancing internet data extraction. Due to its ability to examine backing links the team created a new search engine technology. Page’s net worth is $83.8 billion.
Who Is Now the Richest Man in the World?
The current richest man in the world is Bernard Arnault with over $159B. Do you wonder how many billionaires in the world there are? According to the 36th annual Forbes ranking, there are 2,668 of them worldwide. They all contribute to the world economy, politics, and philanthropy.
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