Billionaires have a disproportionate impact on the world economy, politics, and philanthropy. According to Forbes, the world’s billionaires will number 2,640 in 2023. Elon Musk, CEO of Tesla and SpaceX and owner of Twitter, is the richest of them all.
Individuals on this list are members of an even more exclusive club and hold even more power. Many are the founders of technology behemoths, with a large portion of their fortune still invested in the firms they founded.
However, these billionaires can still borrow against their fortune to avoid selling stock, delaying (or eliminating for heirs) taxes on unrealized capital gains. Multi-billionaires can also use a variety of tax breaks to offset reported income, resulting in some on this list paying no income tax in recent years.
With so much of their wealth invested in publicly traded equities, the richest people’s net worth varies in tandem with the market prices of the firms they own. According to the Bloomberg Billionaires Index, the ten wealthiest people on the planet are listed below. Unless otherwise specified, all numbers are current as of July 2, 2023. If you are interested in the lives of real-world billionaires, please read the following content.
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Who Are The Real-Time Billionaires?
The World’s Billionaires List, also known as Who Are The Real-Time Billionaires? The Real-Time Billionaires List is an annual list of the world’s wealthiest billionaires based on their net worth. Every March, Forbes magazine produces and publishes it. The first edition of the list was published in March 1987.
The net total worth of each person on the list is estimated and given in US dollars based on their stated assets and after accounting for debt and other factors. These rankings exclude royalty and dictators whose income is derived from their position.
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According to forbes real time Billionaire tracker, Elon Musk is the richest human being on earth as of today, Donald trump is about number 117 on the list. Sit down, get your money for supper and leave Elon musk alone, this dude is not in your league 😹😹🙌 pic.twitter.com/4rJaVbTd6b
— Acholi goddd (@sk_bongomin93) July 3, 2023
Top 10 Richest People Of The World
If you are interested in the lives of real-world billionaires, please read the material provided below. Check out the Top 10 Billionaires in the World, including their net worth, lifestyle, and more.
Elon Musk
He is the first real-time billionaire on Forbes’ list. Elon Musk co-founded firms such as SpaceX (a rocket manufacturer), Tesla (an electric car manufacturer), and Boring Company (a tunneling startup).
- He owns nearly a quarter of Tesla’s stock and options.
- SpaceX, a rocket manufacturer started in 2002, is worth $125 billion, having tripled its value in three years.
- In April 2022, Boring Company raised $675 million.
- Elon is ranked first in the real-time Billionaires Forbes 400 list (2021) and second in the real-time Billionaires Forbes 400 list (2022).
Personal Details:
Elon Musk, aged 51, is a prominent entrepreneur known for his involvement in groundbreaking ventures such as Tesla and SpaceX. With a self-made score of 8, Musk has established himself as a self-made billionaire, having created his wealth through his innovative companies. Currently residing in Austin, Texas, Musk has made significant contributions to the fields of electric vehicles and space exploration.
He pursued his higher education at the University of Pennsylvania, where he earned a Bachelor of Arts/Science degree. As a citizen of the United States, Elon Musk has amassed a staggering net worth of an estimated $224.2 billion, making him one of the wealthiest individuals globally. His entrepreneurial endeavors continue to shape industries and inspire aspiring entrepreneurs worldwide.
Bernard Arnault
Bernard Arnault is ranked second on Forbes’ real-time billionaires list. He is in charge of LVMH’s 70 cosmetics and fashion businesses, including Sephora and Louis Vuitton.
- In 2021, LVMH acquired the largest luxury brand, American jeweler Tiffany & Co, for $15.8 billion, the largest brand acquisition in history.
- In 2019, LVMH paid $3.2 billion for Belmond, a luxury hospitality firm. It is in charge of 46 hotels, river cruises, and railroads.
- Arnault’s father was able to raise tiny amounts of finance in the building industry, and Arnault used $15 million from his firm to purchase Christian Dior in 1985.
Personal Details:
At the age of 73, Bernard Arnault is a prominent figure in the business world and a source of inspiration for aspiring entrepreneurs. He has garnered his immense wealth through his association with LVMH, a renowned luxury goods conglomerate. Based in Paris, France, Arnault has established himself as a prominent resident in the vibrant city.
His educational background includes a Bachelor of Science/Arts degree from Ecole Polytechnique de Paris, showcasing his commitment to a well-rounded education. As a citizen of France, Bernard Arnault holds a significant position in the global business landscape. With a remarkable net worth of an estimated $223.9 billion, he ranks among the wealthiest individuals globally. His achievements in the luxury goods industry have solidified his reputation as a visionary leader and an icon of success.
Jeff Bezos
Jeff Bezos ranks third on the list of real-time billionaires and is best known as the CEO of the e-commerce website Amazon. In 1994, he launched the site from his Seattle garage. In July 2021, he will step down to become executive chairman.
- Bezos sold $8.8 billion in stock in 2021, and he owns less than 10% of Amazon.
- In 2019, he transferred a 16% stake in Amazon to his wife following their divorce.
- Bezos owns The Washington Post and Blue Origin, which design rockets and will launch into space in July 2021.
- During the coronavirus outbreak, his e-commerce platform, Amazon, received criticism for how it treated its warehouse employees.
- Although Jeff is ranked second on the list of real-time billionaires (2022), he is first on the Forbes 400 real-time billionaires list (2021).
Personal Details:
At the age of 58, Jeff Bezos is widely recognized as a prominent entrepreneur and visionary. He is best known as the founder of Amazon, a global e-commerce behemoth that revolutionized the way people shop online. Bezos has been instrumental in building Amazon into one of the world’s most valuable companies, earning him a self-made score of 8. Currently residing in Seattle, Washington, Bezos has made significant contributions to the city’s tech scene.
He pursued his higher education at Princeton University, where he earned a Bachelor of Arts/Science degree. As a citizen of the United States, Jeff Bezos has achieved remarkable success, accumulating a staggering net worth of an estimated $148.0 billion. His entrepreneurial journey and relentless drive have left an indelible mark on the business world, cementing his position as one of the wealthiest individuals globally.
Gautam Adani
Gautam Adani, the largest Mundra Port in Gujarat, India, is the 24th real-time billionaire in India. He is well-known as an infrastructure mogul, with a $13 billion revenue stream that he spends on electricity generation, commodities, real estate, and transmission.
- Adani will obtain a 74% stake in Mumbai International Airport, India’s second busiest, in September 2020.
- Adani is the largest airport operator in India.
- His long-term goal is to become the world’s largest generator of green energy, with a donation of up to $70 billion to energy-related projects.
- In May 2022, he won the fight to acquire Swiss company Holcim’s cement division in India for $10.5 billion.
Personal Details:
At 60 years old, Gautam Adani is a prominent figure in the world of business, particularly in infrastructure and commodities. He has amassed his significant wealth through his self-made ventures, showcasing his entrepreneurial acumen. Currently residing in Ahmedabad, India, Adani is deeply connected to his homeland and has made substantial contributions to the country’s economic growth.
As an Indian citizen, he has played a pivotal role in shaping the nation’s business landscape. With a net worth of an estimatedm $54.0 billion, Gautam Adani ranks among the wealthiest individuals globally, further solidifying his influence in the business world. His success story serves as an inspiration for aspiring entrepreneurs in India and beyond, highlighting the potential for transformative growth through focused efforts and strategic investments.
Bill Gates
Bill has risen to fifth place on the list of real-time billionaires. He began amassing fortune from the well-known software company Microsoft and invested widely in zero-carbon energy.
- He co-owns the charity Gates Foundation with his ex-wife. Gate has given his ex-wife Melinda at least $5.7 billion in public company stock.
- Bill co-founded Microsoft with Paul Allen in 1975 and currently controls less than 1% of the company’s stock as of March 2020.
- Gates is the largest landowner in the United States and has stakes in firms such as Canadian National Railway and AutoNation.
- He has given the Gates Foundation $57 billion, including a $20 billion grant announced in July 2022.
Bill is ranked fourth on the Forbes 400 billionaires list (2021) and fourth on the real-time billionaires list (2022).
Personal Details:
At the age of 66, Bill Gates is an iconic figure in the world of technology and business. He is widely recognized as the co-founder of Microsoft, a global technology giant that revolutionized the computer industry. Gates is a self-made billionaire, with a self-made score of 8, showcasing his entrepreneurial prowess and drive for success. He currently resides in Medina, Washington, where he has established a significant presence in the tech community.
Although Gates dropped out of Harvard University, his passion for technology and relentless pursuit of innovation propelled him to unimaginable heights. As a citizen of the United States, Bill Gates has had an indelible impact on the tech industry and society at large. With a net worth of $116.1 billion, he ranks among the wealthiest individuals globally, and his philanthropic efforts through the Bill & Melinda Gates Foundation further exemplify his dedication to making a positive difference in the world.
Larry Ellison
Larry Ellison holds the third spot on the list of real-time billionaires. He owns 35% of software behemoth Oracle and serves as the company’s chief technology officer, chairman, and cofounder.
- He stepped down as CEO of Oracle in 2014.
- Oracle is recognized for acquiring software firms; the most notable was NetSuite for $9.3 billion in 2016.
- Ellison relocated permanently to the Hawaiian island of Lanai, which he purchased for $300 million.
- Larry bought 3 million Tesla shares and joined the company’s board of directors in December 2018.
Personal Details:
At the age of 77, Larry Ellison is a prominent figure in the software industry and a highly successful self-made entrepreneur. He is best known as the co-founder and former CEO of Oracle Corporation, a global technology company that specializes in developing and marketing enterprise software. Ellison has achieved remarkable success, earning a self-made score of 9, which underscores his exceptional ability to create wealth through his entrepreneurial endeavors.
Currently residing in Lanai, Hawaii, Ellison enjoys a serene lifestyle on the island. Despite dropping out of both the University of Chicago and the University of Illinois, Urbana-Champaign, his relentless pursuit of knowledge and innovation propelled him to extraordinary heights in the tech world. As a citizen of the United States, Larry Ellison has left an indelible mark on the business landscape.
With a staggering net worth of an estimated $156.2 billion, he ranks among the wealthiest individuals globally. His entrepreneurial journey serves as an inspiration for aspiring business leaders, highlighting the immense possibilities that lie in the world of technology and software development.
Warren Buffett
Warren Buffett is known as the “Oracle of Omaha,” and he is one of the most successful investors. Buffett is the CEO of Berkshire Hathaway, which owns 60 or more firms, including Dairy Queen (restaurant chain), Geico (insurer), and Duracell (battery manufacturer).
- Warren purchased his first stock at the age of 11 and began paying taxes at the age of 13; he is the son of a U.S. representative.
- He planned to give away 99% of his fortune. He has given more than $45 billion to his children and the Gates Foundation.
- In 2010, Warren and Bill Gates formed the Giving Pledge, which asked the world’s billionaires to donate at least half of their wealth to philanthropic organizations.
Personal Details:
Warren Buffett, aged 91, is a highly influential figure in finance and investing. As the chairman and CEO of Berkshire Hathaway, he has accumulated significant wealth through his astute investment strategies. Residing in Omaha, Nebraska, Buffett has remained grounded despite his immense success.
With a Bachelor’s degree from the University of Nebraska Lincoln and a Master’s degree from Columbia University, his educational background reflects his commitment to knowledge. As a prominent US citizen, Warren Buffett has made substantial contributions to the business world and has a net worth of an estimated $115.3 billion. His philanthropy efforts further showcase his dedication to making a positive impact on society.
Mukesh Ambani
Mukesh Ambani is the CEO of Reliance Industries, which has $74 billion in revenue and investments in communications, petrochemicals, retail, oil, and gas. In 1966, his late father, Dhirubhai Ambani, a yarn trader, founded Reliance.
- Following his father’s death in 2022, Ambani and his sibling Anil shared the family empire.
- With the debut of the 4G phone and broadband service Jio in 2016, Reliance sparked a telecom price war. Today, Facebook and Google both made investments in Jio.
- Ambani is moving its focus to green energy. The corporation intends to invest $80 billion in renewable energy over the next 10-15 years.
- Ambani will be India’s wealthiest man in 2021.
Personal Details:
At 65 years old, the individual enjoys a diversified source of wealth. Their residence is in Mumbai, India, reflecting their strong connection to the city. They hold a Bachelor’s degree in Science in Engineering from Mumbai University, showcasing their educational foundation. Although they dropped out of Stanford University, their pursuit of knowledge and self-development continued beyond formal education.
As an Indian citizen, they have made a significant impact on the business landscape. With a net worth of an estimated $88.6 billion, they have achieved remarkable financial success. Their story serves as an inspiration to others, emphasizing the potential for success and wealth creation through a diverse range of ventures.
Steve Ballmer
Steve Ballmer is the world’s eighth real-time billionaire. He was the previous CEO of Microsoft from 2000 to 2014. After dropping out of Stanford’s MBA program, he joined Microsoft in 1980.
- He bought the Los Angeles Clippers of the NBA for $2 billion the same year he left Microsoft.
- Since 2014, he has increased his humanitarian efforts and deposited $2 billion in a donor-advised fund. His primary purpose was to help lift Americans out of poverty.
- In 2018, Steve gave $59 million to Social Solutions, a company that creates software for government and charitable organizations.
- He is now rated ninth on the list of real-time billionaires (2022) and Forbes 400 real-time billionaires (2021).
Personal Details:
At 66 years old, this individual’s source of wealth lies in their association with Microsoft, where they made a significant impact. They have achieved notable success as a self-made entrepreneur, with a self-made score of 6. Their residence is in Hunts Point, Washington, showcasing their connection to the tech hub of the Pacific Northwest. They pursued higher education at the University of Harvard, earning a Bachelor’s degree in Science/Arts.
Although they dropped out of Stanford University, their drive and determination propelled them to great heights. As a United States citizen, they have contributed significantly to the country’s business landscape. With a net worth of an estimated $102.8 billion, they have established themselves as one of the wealthiest individuals globally. Their story serves as a testament to the potential for success through innovation and entrepreneurship.
Michael Bloomberg
Michael Bloomberg is the 12th person on Forbes’ list of real-time billionaires. In 1981, he cofounded the financial information and media company Bloomberg LP. He currently owns 88% of the company, which has revenues in excess of $10 billion.
- He has donated more than $12.7 billion to climate change, gun control, and other causes as a prominent donor or supporter.
- He declared a presidential run in November 2019 and spent hundreds of millions of dollars to defeat Donald Trump in 2020.
- Bloomberg is one of four people to have served as mayor of New York City for a period of 12 years.
Personal Details:
At 80 years old, this individual’s source of wealth stems from their association with Bloomberg LP, a renowned financial data and media company. They have achieved notable success as a self-made entrepreneur, earning a self-made score of 8. Their residence is in the vibrant city of New York, New York, reflecting their close ties to the bustling financial hub.
They hold a Bachelor’s degree in Arts/Science from Johns Hopkins University, followed by a Master of Business Administration from Harvard Business School, showcasing their strong educational foundation. As a United States citizen, they have made significant contributions to the business world. With a net worth of an estimated $94.5 billion, they rank among the wealthiest individuals globally. Their entrepreneurial journey and expertise have shaped the financial industry and continue to inspire aspiring business leaders.
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