Elon Musk, currently the world’s richest man
Net worth: $232 Billion
Wealth added this year: $94.9 Billion
Elon Musk, known for founding innovative tech companies like Tesla and SpaceX, now holds the title of the world's wealthiest person, as per Bloomberg. His substantial stake of about 13 percent in Tesla, valued at $107 billion in July 2023, largely contributes to this status. Musk rebranded Twitter as X in July. He predominantly sparked controversy and criticism through his tweets, often affecting his investments. Despite this, Musk emerged as the wealthiest individual globally in the last 12 months. (Photo: AFP)
Bernard Arnault, CEO of LVMH
Net worth: $179 Billion
Wealth added this year: $16.6 Billion
Bernard Arnault, chairman of French luxury goods giant LVMH (Moët Hennessy Louis Vuitton) commonly known as Loius Vuitton, became the world's richest person as his fortune crossed $200 billion. However, it took a hit, dropping by $11.2 billion in just one day, according to Bloomberg. Arnault had held the top spot as the richest person globally for the initial five months of 2023. (Photo: AFP)
Jeff Bezos, the founder of Amazon
Net worth: $178 Billion
Wealth added this year: $71.2 Billion
Jeffrey Preston Bezos, recently donated stocks valued at $700 million. His main focus for this generous contribution was to address homelessness and combat climate change. Additionally, Bezos pledged $100 million towards wildfire relief in Maui, where he owns a home, reported Forbes. (Photo: Reuters)
Bill Gates, the co-founder of Microsoft Corporation
Net worth: $140 Billion
Wealth added this year: $30.3 Billion
Bill Gates or William Henry Gates III, was known as the world's richest person for most of 20 years. Bill Gates derives his wealth from investments. As of 2023, his foundation, the Bill & Melinda Gates Foundation Trust, holds an estimated value of around $42 billion. Gates has investments in 22 diverse companies, with his most significant stake residing in Warren Buffett’s Berkshire Hathaway. He also holds investments in major corporations such as Walmart and Google. (Photo: AFP)
Steve Ballmer, the fifth-richest person
Net worth: $130 Billion
Wealth added this year: $44.5 Billion
According to Bloomberg’s rankings, Steve Ballmer, once an assistant at Microsoft, has ascended to become the fifth-richest individual globally. Ballmer's journey began at Harvard University, where he crossed paths with Gates. While Gates chose to leave and launch Microsoft, Ballmer completed his studies in 1977, earning degrees in applied mathematics and economics, as reported by CNN. (Photo: AFP)
Mark Zuckerberg, the founder of Facebook
Net worth: $128 Billion
Wealth added this year: $82.2 Billion
The fortune of this billionaire surged by an impressive 184%, soaring from $45 billion to $128 billion. This dramatic rise was propelled by Meta, the social network's parent company, which experienced a staggering 172% increase in value throughout the year. Following a challenging 2022 marked by Meta's value plummeting due to shareholder worries about excessive spending on ventures into the metaverse, neglecting core platforms like WhatsApp, Instagram, and Facebook, the stock has nearly fully rebounded from its losses. (Photo: AFP)
Larry Page the co-founder of Google alongside Sergey Brin
Wealth added this year: $44.7 Billion
Lawrence Edward Page, holds an estimated net worth of $116 billion as of November 2023, as reported by the Bloomberg Billionaires Index. This positioning ranks him as the eighth-richest individual globally. Additionally, Page has invested in ventures related to flying cars, supporting startups like Kitty Hawk and Opener. (Photo: NYT News service)
Larry Ellison, the co-founder of the software company Oracle
Net worth: $124 Billion
Wealth added this year: $31.7 Billion
Larry Ellison, served as its CEO until 2014. Presently, he holds positions as the company's chairman and Chief Technology Officer. Ellison has expanded his interests into investments, notably acquiring a significant stake in Tesla. He also held a position on Tesla's board of directors from 2018 until 2022. (Photo: AFP)
Sergey Brin, renowned as one of the co-founders of Google
Net worth: $121 Billion
Wealth added this year: $41.8 Billion
According to Forbes, Sergey Mikhailovich Brin, who, alongside Page, reduced involvement in Google's day-to-day operations back in 2019, made a notable return to the company in 2023. This comeback marked his most hands-on role in years, particularly focusing on the development of the business' AI model called Bard. (File Photo)
Warren Buffett often referred to as the 'Oracle of Omaha'
Net worth: $120 Billion
Wealth added this year: $12.3 Billion
Warren Buffett, aged 93 is renowned as one of history's most successful investors. He leads Berkshire Hathaway, an investment conglomerate with a broad portfolio including companies like Geico, a prominent insurance provider, Duracell, a battery manufacturer, and Dairy Queen, a well-known restaurant chain. (Photo: Reuters)
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