Top 10 Richest Man in the World: Updated July 2023
The world’s wealthiest people have two things in common: they all invest in enterprises or have founded businesses that have gone on to be worth billions or trillions of dollars. They’ve all benefited from time passing and compounding capital gains. So, whether someone asked you or it’s just your curiosity that drove you to find out about the richest man in the world, we have searched and gathered information about the top 10 richest men in the world as of June 2022.
List of the Top Richest Man in the World
The richest people in the world are self-made billionaires who achieved their money through hard work, creativity, and innovation. Each has a unique backstory to explain how they accumulated such a large sum of money. Here’s an inside look at how the 10 wealthiest individuals on Forbes’ Real-Time Billionaires list got to where they are.
10. Mukesh Ambani- Net Worth: $87.1 Billion
The 10th man standing on the list of the richest man in the world is another business tycoon from India. Mukesh Ambani is the chairman and managing director of Reliance Industries Limited, which began as a yarn trading business his father established in 1957 and has since become India’s largest private-sector organization.
Ambani enrolled in Stanford University’s MBA program after earning a chemical engineering degree, but he left to return to India to assist his father in growing the business. Ambani is credited with expanding Reliance from textiles and polyester fibers to petrochemicals and petroleum refining, eventually leading it into oil and gas exploration and production. Today, Reliance is India’s largest company and retailer, providing the world’s largest 4G broadband wireless network.
9. Sergey Brin- Net Worth: $93 Billion
Sergey Brin, along with Larry Page, co-founded Google. It’s no surprise that he made the list of the richest man in the world, given his history with Google. The pair met at Stanford University before beginning their business, and, like Page, Brin continues to serve on the board with an equal stake. To handle his funds more recently, Sergey Brin established Bayshore Capital Management in Singapore, which has favorable tax laws conducive to investment.
8. Larry Page- Net worth- $96.7 Billion
In 1998, Larry Page and Sergey Brin launched Google. He served as CEO until 2001 when he stepped down. Since 2011, he has been the firm’s CEO again and also a member of the board. Alphabet is a tech conglomerate holding company that currently owns YouTube, Google Play, Android, Fitbit, Mandiant, Looker, and Nest.
Read more about: Larry Page
Google was founded in 1998, and its search engine has been updated frequently. Google began as a search engine but evolved into an advertising platform by developing GPS mapping and translation technologies. As a result, Page benefited greatly; last year alone, Google earned $209.49 billion in total ad revenue.
7. Warren Buffet- Net Worth: $ 96.9 Billion
Warren Buffett is widely recognized as the greatest investor of all time, and his holding company, Berkshire Hathaway, has a wide range of assets in its portfolio. Apple stock and several bank stocks are among the holdings managed by Berkshire Hathaway. Buffett’s long-standing advocacy for compounding interest has helped him amass his wealth.
Buffett’s wealth and reputation continue to grow as he works in his favor. During his final years, Buffett promised to give 99 percent of his fortune to charity foundations and charitable causes, having already donated $45.5 billion. Despite his enormous wealth, Buffett does not live in a mansion worth millions of dollars. Instead, he still resides at the same Omaha house he bought for $31,500 in 1958.
6. Larry Ellison- Net Worth: $97.3 Billion
Like many others on this list, Larry Ellison benefited from the increasing use of technology. After establishing Oracle in 1977 after dropping out of college, he grew the firm from a start-up to one of the world’s largest software and database companies. Oracle now has a market capitalization of 187.7 billion, with Ellison controlling more than 40 percent of it.
Ellison made his own money, but owing to substantial investments in Tesla before its spectacular rise, he gained a net return of more than 1,000 percent on his investment. He joined the Tesla board of directors in 2018; nevertheless, in June, Tesla announced that Ellison would be stepping down. He still owns around 1.5% of Tesla’s outstanding shares.
5. Bill Gates- Net Worth: $103 Billion
In his younger days, Bill Gates was a computer whiz kid who created his first program at 13. What wasn’t realized at the time was that he would go on to found Microsoft, the world’s largest software company. In 1975, Gates began Microsoft with Paul Allen and another nerd investor named Michael Moritz. Once the richest man in the world, in 2000, he announced his retirement as CEO.
Bill Gates remained with the company for the rest of his life, albeit in a somewhat diminished capacity. Microsoft’s growth in the computing, software and gaming industries continued over time, culminating in the acquisition of Activision Blizzard for $68.7 billion. Gates stepped down as CEO of Microsoft to concentrate on charitable efforts through the Bill and Melinda Gates Foundation.
4. Gautam Adani- Net Worth: $ 112.6 Billion
Gautam Adani is India’s richest person, and his entrepreneurial DNA stems directly from his father, who ran a textiles firm. Despite the prospect of inheriting, Adani had no desire to take over the company and decided to pursue his goal of becoming extremely wealthy. Adani soon rose to the millionaire level after entering the diamond trade quickly. He may not be the richest man in the world, but has gained top spot in Asia and India.
After amassing this fortune, he established Adani Enterprises, a multinational conglomerate interested in energy, transportation, mining, infrastructure, logistics, cement, and quick-moving consumer goods. India’s economic expansion has helped boost Adani’s stock market success and recent investments in environmentally friendly energy – adding nearly $40 billion to his net worth over the last year – putting him among the wealthiest people on Earth.
3. Jeff Bezos – Net Worth 139.2 Billion
At 30, Jeff Bezos abandoned finance to start a firm that many thoughts were preposterous – selling books online. Amazon is now worth more than $1 trillion, and Bezos is recognized as the creator of the e-commerce industry.
On many fronts, his invention has disrupted traditional businesses. He revolutionized Amazon into a marketplace where customers can buy and sell almost everything and built one of the world’s most advanced logistics organizations. Amazon didn’t stop there; it expanded to include Amazon Prime Video and Web Services, becoming the largest cloud service provider globally.
After making a fortune as the founder and CEO of Amazon, Bezos stepped down from his position but still owns a 10% stake in the company. And that’s when he dropped his first spot as the richest man in the world. He has since shifted his attention to Blue Origin, a suborbital spaceflight firm dedicated to preserving Earth by exploring other planets.
2. Bernard Arnault- Net Worth: $148.4 billion
Bernard Arnault made his fortune in the luxury goods business by owning renowned names like Louis Vuitton and Christian Dior. He has climbed to the top of the food chain by targeting rich demographics and maintaining a 47 percent ownership in LVMH, much like many others on this list.
LVMH Chairman and CEO Bernard Arnault is the richest person in France, according to Forbes. His luxury fashion empire includes more than 70 labels, which he manages with his siblings. Tiffany & Co., the $15.8 billion deal that was forecasted to be the world’s biggest acquisition in luxury fashion, was included on the panel in January 2021. Over time, Arnault has expanded his business beyond simply apparel into other premium services such as hotels and cruise ships, generating additional money for himself. That’s how he walked the road to being the 2nd richest man in the world.
1. Elon Musk -Net Worth: $ 230.4 Billion
Elon Musk rasks as the richest man in the world, and much of his wealth stems from his role as the founder of Tesla. Musk has long been involved with several other well-known firms, including “PayPal,” which consisted of serial entrepreneurs and angel investors. These included PayPal alums who had achieved great success on their merit.
Elon Musk is the entrepreneur who has made the most revolutionary achievements in recent history, having founded SpaceX, Neuralink, and The Boring Company, among other things. He is presently negotiating to buy social media giant Twitter for an all-cash price of around $44 billion.
Conclusion You might need to become a technological pioneer or luxury retail mastermind to get even closer to achieving the richest billionaires rankings. Alternatively, you could stick with value investing and keep things simple. It also wouldn’t hurt if you were born into money. The greatest fortunes on this list were created as sound ideas that individuals with creativity, ambition, and contacts used to establish some of the world’s most powerful businesses. We hope you found about who the richest man in the world is by knowing them and how their Business is holding in the market. Only time will tell who ranks where in the coming years.