Here Is Forbes' 2023 List Of The World's Richest People

It has been noted that Forbes magazine, the American business magazine, ranked Bernard Arnault in the top 5 position of its 2023 list of the richest people in the world, followed by Twitter CEO, Elon Musk, in the second position.

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Previously, Musk was ranked No. 1 by Forbes in its list of the top tech companies for 2022.

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According to Forbes, Musk was the second-biggest loser in the race this year, following Musk, who had a worse situation than Musk currently has.

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A year ago, Musk was the richest man in the world and we all know that he lost it after his pricey purchase of Twitter, which he paid in part by selling shares of Tesla, causing investors to panic. Musk is now the second richest man, worth $39 billion less than he was a year ago.

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Bezos had a big fall in fortune this year due to the 38 per cent decline in Amazon shares, which hit him from the number two spot in the world in 2022 to third position this year.

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The top 25 also contained two billionaires who no longer made it on the list and did not figure in the rankings this year because they lost their spots - Zhang Yiming and Changpeng Zhao.

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There is a drop in Yiming's ranking from No. 25 to No. 26, as his embattled company, Tik Tok-parent Bytedance, has taken a knock from investors since the company took a haircut in January, while Zhao, the founder of Binance, knows as CZ, fell from No. 19 to No. 167 during the crypto winter this year.

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In the following table you will find a list of what Forbes believes to be the 25 richest people (by net worth) in the world in 2023

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1. Bernard Arnault & family

(The net worth of the individual is $211 billion; the source of wealth is LVMH; he is 74 years old; and he is a French citizen)

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2. Elon Musk

($180 billion net worth | Tesla, SpaceX as sources of wealth | 51 years old | Citizenship: U.S.)

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3. Jeff Bezos

(Revenue: $114 Billion | Residence: Seattle, Washington | Age: 59 | Citizenship: U.S.)

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4. Larry Ellison

(Reported net worth is $107 billion, source of wealth is Oracle, age is 78, citizenship is U.S.)

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5. Warren Buffett

($106 billion in net worth | Berkshire Hathaway as source of wealth | 92 years old | Citizen of U.S.)

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6. Bill Gates

(I have a net worth of $104 billion. I have a profit of $16 billion. I am 67 years old. I am a citizen of the U.S.)

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7. Michael Bloomberg

(Has a net worth of $94.5 billion; his source of wealth is Bloomberg LP; he is 81 years old; and he is a citizen of the U.S.)