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The World’s Billionaires List, also known as the Real-Time Billionaires List, is an annual compilation of the richest man in the world, as assessed by their estimated net worth. Forbes Magazine produces and releases this list in March every year. The first edition of this ranking was introduced in 1987.
Each person’s net worth is calculated by approximately the value of their reported assets wile accounting for debts and other relevant factors. The rankings provide the net worth of each individual in US dollars. It is important to note that that these lists exclude royalties and political leaders whose wealth is primarily tied to their positions.
List of Top 10 Richest Man in the World by 7th November 2023
Elon Musk stands in the first position on the list of Billionaires. He is the world’s richest person with a net worth of $253.2 B. He is getting a significant portion of his wealth from Telsa and SpaceX.
| S. No. | Name | Net worth (in Billions) | Country |
| 1. | Elon Musk | $253.2 | United States |
| 2. | Bernard Arnault & family | $173 | France |
| 3. | Jeff Bezos | $152.6 | United States |
| 4. | Larry Elison | $137.6 | United States |
| 5. | Bill Gates | $115.4 | United States |
| 6. | Warren Buffet | $115.1 | United States |
| 7. | Mark Zuckerberg | $111.6 | United States |
| 8. | Larry Page | $110.7 | United States |
| 9. | Sergey Brin | $109.3 | United States |
| 10. | Steve Ballmer | $99.9 | United States |
1. Elon Musk
- Age: 51 years
- Net worth: $253.2 B
- Source: Tesla and SpaceX
- Residence: Austin, Texas
- Citizenship: United States
Elon Musk is the world’s richest person. He co-founded companies like SpaceX (rocket producer), Tesla (electric car maker) and Boring Company (tunnelling startup). A significant portion of his wealth is tied to the success of Tesla. Musk purchased Twitter in October 2022 for $44 billion.
2. Bernard Arnault & family
- Age: 74 years
- Net worth: $173.0B
- Source: LVMH/ luxury goods
- Residence: Paris
- Citizenship: France
Bernard Arnault is the CEO of the world’s largest luxury goods company “Moet Hennessy Louis Vuitton (LVMH)” which encompasses approximately 70 renowned fashion and cosmetics brands. In January 2021, LVMH completed the acquisition of jeweller Tiffany & Co. for a staggering $15.8 billion.
Arnault’s five children contribute to various sectors within the expansive LVMH empire. In January 2023, he appointed his daughter Delphine to lead Dior, the group’s second largest brand.
3. Jeff Bezos
- Age: 59 years
- Net worth: $152.6B
- Source: Amazon
- Residence: Medina, Washington
- Citizenship: United States
In July 2021, Jeff Bezos decided to give up his role as CEO of the ecommerce powerhouse Amazon while still maintaining his position as chairman.
Bezos owned an aerospace company named The Washington Post and Blue Origin, designing rockets and fled to space in July 2021.
4. Larry Ellison
- Age: 78 years
- Net worth: $137.6B
- Source: Oracle
- Residence: Lanai, Hawaii
- Citizenship: United States
Larry Ellison holds 4th position in the real-time billionaire’s list. He owns 35% of software giant Oracle and is its chief technology officer, chairman and co-founder. He left the CEO position at Oracle in 2014. He shifted permanently to Hawaiian Island Lanai and bought it for $300 million. He purchased 3 million Tesla shares and joined its board in December 2018.
5. Bill Gates
- Age: 67 years
- Net worth: $115.4B
- Source: Microsoft, investments
- Residence: Medina, Washington
- Citizenship: United States
He stands on the fifth position on the real-time billionaire’s list. He gets a significant portion of wealth from Microsoft and investment in zero-carbon energy. Bill co-founded Microsoft with Paul Allen in 1975 and owns only 1% of the software company’s share as of March 2020.
Bill Gates is the largest owner of farmland in the United States and invested in various companies like Canadian National Railway and AutoNation. Bill occupied the fourth rank in the real-time billionaire’s list in 2022.
6. Warren Buffet
- Age: 92 years
- Net worth: $115.1B
- Source: Berkshire Hathaway
- Residence: Omaha, Nebraska
- Citizenship: United States
Warren Buffet, widely recognised as the “Oracle of Omaha”, is one of history’s most accomplished investors. He is the head of Berkshire Hathaway, an investment conglomerate with a diverse portfolio encompassing numerous companies, such as insurance provider Geico, battery manufacturer Duracell and restaurant chain Dairy Queen.
7. Mark Zuckerberg
- Age: 39 years
- Net worth: $111.6B
- Source: Meta
- Residence: Palo Alto, California
- Citizenship: United States
Mark Zuckerberg is an American billionaire business magnate, computer programmer, internet entrepreneur and philanthropist. He co-founded the social media website Facebook and its parent company Meta Platforms of which he is the executive chairman, CEO and controlling shareholder.
8. Larry Page
- Age: 50 years
- Net worth: $110.7B
- Source: Google
- Residence: Palo Alto, California
- Citizenship: United States
Lawrence Edward Page is an American billionaire business magnate. He is the co-founder of Google with Sergen Brin. He is the co-creator and namesake of PageRank, a search ranking algorithm for Google. He received the Macroni Prize 2004 with co-writer Brin.
9. Sergey Brin
- Age: 50 years
- Net worth: $109.3B
- Source: Google
- Residence: Los Altos, California
- Citizenship: United States
Brin is a co-founder of Google with Larry Page. He was the president of Google’s parent company, Alphabet Inc., until stepping down from his role in December 2019.
10. Steve Ballmer
- Age: 67 years
- Net worth: $99.9B
- Source: Microsoft, investment
- Residence: Hunts Point, Washington
- Citizenship: United States
Ballmer is an American businessman and investor who served as the chief executive officer of Microsoft from 2000 to 2014. He is the owner of the Los Angeles Clippers of the National Basketball Association.
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