Warren Buffett Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.īuffett has spent the past three years on a spending spree, pumping some $90 billion of Berkshire Hathaway’s cash into stocks, share buybacks and the $11.5 billion acquisition of insurance firm Alleghany Corp., which closed in October. He stepped down from Tesla’s board in August after four years. Ellison bought one of Florida’s most expensive homes for $173 million last summer, adding to his portfolio of glitzy real estate, including the Hawaiian island of Lanai, where he lives. The Oracle chairman and former CEO rose four spots amid a tough year for tech, as Oracle shares increased 10% on solid earnings and a focus on security. Larry Ellison Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S. His fortune isn’t faring as well: He’s $57 billion poorer than a year ago-the biggest loss of any billionaire-thanks to a 38% decline in Amazon stock. Since stepping down as Amazon CEO in 2021, Bezos has flown to space via his company Blue Origin, made waves with a near-complete $500 million superyacht and stepped up his philanthropy through support for groups such as Bezos Academy free preschools and grants from his Bezos Earth Fund. Jeff Bezos Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S. Still, Musk is worth $39 billion less than a year ago. SpaceX, meanwhile, keeps soaring, with the company valued at nearly $140 billion in a tender offer that closed in early 2023-up from the $127 billion at which investors valued it last May. Investors have bemoaned the $23 billion of Tesla shares he sold to finance the acquisition. Musk has mostly tweeted himself out of the top spot on the ranks, with Tesla stock down nearly 50% since he announced his $44 billion takeover of Twitter last April, far outpacing the tech-heavy Nasdaq’s 18% drop. Elon Musk Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S. Wealthier than ever, Arnault is now planning for succession: In July, he proposed a reorganization of his holding company, Agache, which holds the bulk of his LVMH stock, to give equal stakes to his five children. Revenue, profit and LVMH shares all sit at record highs, helping add $53 billion to Arnault’s fortune over the past 12 months, the biggest gain of any billionaire. The French luxury goods tycoon tops the World’s Billionaires list for the first time on the back of a banner year at LVMH, which owns Louis Vuitton, Christian Dior and Tiffany & Co., among others. Bernard Arnault & family Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France Here are the 25 richest people on the 2023 World’s Billionaires list (NET WORTHS ARE AS OF MARCH 10, 2023) The top 25 mostly made their money in technology (eight list members) and fashion & retail (seven). With so many fortunes dropping around them, two billionaires joined the top 25 this year: Canadian media mogul David Thomson and Nike cofounder Phil Knight.Īmericans dominate the top of the billionaires ranks, taking 17 of the 25 spots, followed by France and India, with two apiece.
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