Forbes published its famous list of millionaires for 2023, which this time is headed by the French Bernardo Arnault and his family with a fortune of $211,000 million dollars.
Forbes highlights that in 2023, half of the millionaires are poorer than a year ago, as falling stocks, emerging unicorns and rising interest rates meant a negative year for the world’s richest people.
“Globally, we count 2,640 ten-figure fortunes, up from 2,668 last year. In total, the planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022,” the report says.
According to Forbes, nearly half the billionaires list is poorer than a year ago, including Elon Musk, who fell from the lead to No. 2 after his pricey acquisition of Twitter helped sink Tesla shares.
Taking his place today is Bernard Arnault, the head of luxury goods giant LVMH, marking the first time a citizen of France has led the ranking.
The United States has the most billionaires, with 735 list members worth a collective $4.5 trillion; while China remains in second place, with 562 billionaires worth $2 trillion; and India is third with 169 billionaires worth $675 billion.
Forbes Top Ten Millionaires:
1. Bernardo Arnault and family
Fortune: $211 billion dollars
Age: 74
Country France
Source: LVMH with 75 fashion and cosmetic brands, including Louis Vuitton and Sephora.
2. Elon Musk
Fortune: $180 billion
Age: 51
Country: United States
Source: Tesla, SpaceX, Twitter
3. Jeff Bezos
Fortune: $114 billion
Age: 59
Country: United States
Source: Amazon
4. Larry Ellison
Fortune: $107 billion
Age: 78
Country: United States
Source: Oracle
5.Warren Buffett
Fortune: $106 billion
Age: 92
Country: United States
Source: Berkshire Hathaway, Finance and Investments
6. Bill Gates
Fortune: $104 billion
Age: 67
Country: United States
Source: Microsoft, technology
7.Michael Bloomberg
Fortune: $94.5 billion
Age: 81
Country: United States
Source: Bloomberg LP, media and entertainment
8. Carlos Slim Helu and family
Fortune: $93 billion
Age: 83
Country: MEXICO
Source: América Móvil, Telmex, Telcel and various businesses
9.Mukesh Ambani
Fortune: $83.4 billion
Age: 65
India country
Source: Diversified
10.Steve Ballmer
Fortune: $80.7 billion
Age: 67
Country: United States
Source: Microsoft, Technology
To see the complete list, enter here.
To calculate net worth, Forbes relied on stock prices and exchange rates on March 10, 2023.
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