Richest Man In The World - Cowrywise Blog

The richest man in the world as of June 2023 is Elon Musk, the CEO of Tesla and SpaceX with a total net worth of $233 Billion.

The world’s list of the richest men in the world is usually fiercely contested depending on market dynamics and economic trends. However, the top ten richest men in the world have consistently dominated the rankings over the years, which have attracted the attention of the public and the finance community alike.

The top 10 richest men in the world are of a diverse mix and have been able to build industries and empires, leaving an indelible mark on the world’s economy. These men represent an elite group that showcases great potential in entrepreneurship and investment.

According to Forbes, the number of billionaires in the world in 2023, is 2,640, and the richest among them is Elon Musk: CEO of Tesla and SpaceX and owner of Twitter. If you would also like to be on this list someday, you should read this article and draw some inspiration from these men’s success.

This list is according to Bloomberg Billionaires Index and all figures are current as of June 2023.

Infographic Top 10 Richest Men In The World

1. Elon Musk

3. Jeff Bezos

5. Bill Gates

8. Larry Page

9. Sergey Brin

10. Mark Zuckerberg

1. Elon Musk

Elon Musk is a 52-year-old man born on June 28, 1971, in Pretoria, South Africa, and currently lives in the United States. He is the Co-Founder and CEO of Tesla, SpaceX, and the owner of Twitter with a total net worth of $233 billion. Musk attended Queen’s University in Kingston, Ontario before transferring to the University of Pennsylvania, where he earned a bachelor’s degree in physics and economics.

He became a major funder of Tesla in 2004 which led him to become the CEO of the electric vehicle company. Tesla is an automotive and energy-generating company that designs and sells electric vehicles and storage systems. Musk is also the founder of Space Exploration (SpaceX), dedicated to building rockets and spacecraft for various purposes.

Tesla joined the S&P 500 index in December 2020, which made Musk the richest person in the world. In April 2022, he instigated buying of one of the most popular American Social Media Companies, Twitter, and sealed the deal in October 2022 becoming its largest shareholder with a 9.1% stake.

2. Bernard Arnault

Bernard Arnault is a 74-year-old man born in Roubaix, on March 5, 1949. He lives in France and is the Chairman and CEO of LVMH: the world’s largest luxury goods company. He graduated from France’s leading engineering school, Ecole Polytechnique, and proceeded to work at his father’s firm. He has a net worth of $202 billion.

Most of Bernard’s wealth comes from his stake in Christian Dior SE. His company, LVMH also owns prestigious brands, including Louis Vuitton, Givenchy, Moet & Chandon, Hennessy, and many others. The company operates in different sectors, such as fashion, cosmetics, wines, watches, and jewellery.

In 1971, as a trained engineer, he took charge of his father’s company, a construction firm, Ferret Savinel, and showcased his business prowess by converting Ferret Savinel to a real estate company named Férinel Inc. in 1979.

Then, after serving as the chairman of Férinel for an additional six years, Arnault proceeded to purchase and restructure the luxury goods manufacturer Financière Agache in 1984. Eventually, he divested all its assets except for Christian Dior and Le Bon Marché. In 1987, he received an invitation to invest in LVMH, and within two years, he became the company’s majority shareholder, chairman of the board, and CEO.

3. Jeff Bezos

Jeff Bezos is a 59-year-old man born on January 12, 1964, in Albuquerque, New Mexico. Bezos lives in the United States and graduated from Princeton University with a degree in Electrical Engineering. He is the Founder and Chairman of Amazon, an American multinational tech company with a total net worth of $150 billion.

Amazon originally was created to be an online marketplace for books, and Jeff started it in his garage in Bellevue, Washington. The goal of the company was to revolutionalize the way books were sold by using the internet as a platform for buying and delivering books to customers.

In addition, Amazon metamorphosized into a store where you can get almost if not everything you are looking for. Other products you can find on Amazon include electronics, clothing, home appliances, and more. This company has grown to be one of the largest e-commerce companies in the world.

>> How to Make Money on Amazon

4. Larry Ellison

Larry Ellison is a 78-year-old man who lives in the United States. He is the Founder, Chairman, and CTO of Oracle, a company known for its expertise in developing and marketing enterprise software products, with a total net worth of $138billon. He was born on August 17, 1944, in New York to a single Jewish mother. After dropping out of the University of Chicago and Illinois, Ellison pursued his education through self-study and practical experiences, studying computer programming.

However, Ellison moved to Califonia in 1996 to start working as a computer programmer and joined the electronic company Ampex, where he met future partners, Ed Oates and Bob Miner. Later in 1977, he founded Software Development Laboratories with his partners and after two years released Oracle, the first commercial relational database program to use Structured Query Language.

Oracle is a company that creates software and provides services for businesses. They are well known for their database management, Oracle Database, which helps companies to store and manage a large amount of data. The primary goal of the company is to help businesses run smoothly by providing software tools and services for storing data, managing operations, and improving productivity.

5. Bill Gates

Bill Gates is a 67-year-old man born on October 28, 1955, in Seattle, Washington. Gates lives in the United States. He Co-founded Microsoft, a multinational company known for its software products and services with his late childhood friend, Paul Allen, and has a total net worth of $133 billion.

Gates was attending Havard in 1975 and worked alongside his friend to produce microcomputers. The project came out successful and he dropped out of Harvard to found Microsoft with Allen.

Subsequently, Microsoft became the largest software company in the world and they are best known for their Windows operating system. They created software like Microsoft Office, which has programs including Word, Excel, and Powerpoint that people use for writing, making spreadsheets and creating presentations.

Moreover, they offer cloud computing services through Azure and are involved in gaming, with their Xbox console and games, and they make their own devices, like laptops. The main goal of Microsoft is to create technology that makes people’s lives easier and enhances businesses’ productivity.

6. Steve Ballmer

Steve Ballmer is a 67-year-old man who lives in the United States. He is the owner of the Los Angeles Clippers of the National Basket Ball Association (NBA), and his total net worth is $119 billion. Born on March 24, 1956, in Detroit Michigan, Ballmer earned a bachelor’s degree in Mathematics and Economics at Harvard University.

He took the position of the CEO of Microsoft from 2000 to 2014 after Bill Gates stepped down from the position to be the chairman. During his time at the company, he helped it become one of the most successful companies in the world by expanding its capacities.

Ballmer is also known for his love for basketball, and this was evident in how he invested in the team and worked to improve their facilities to make them more competitive.

7. Warren Buffet

Warren Buffet is a 92-year-old man born on 30 August 1930 in Omaha, Nebraska, United States. He is the CEO of Berkshire Hathaway, a multinational conglomerate best known for its diverse portfolio of investments and subsidiaries, and his total net worth is $118 billion. He earned a Bachelor’s degree in Business administration at the University of Nebraska when he was 19.

Buffet, one of the most successful investors in the world first bought shares in a textile company called Berkshire Hathaway in 1962, making him the major shareholder of the company in 1965. He later expanded his company’s holdings to insurance and other investments.

Due to his remarkable track record and reputation as a financial sage, he is popularly referred to as the “Oracle of Omaha,” a man who built his fortune by investing in undervalued companies with strong fundamentals and long-term growth potential. He looks for businesses that are selling lesser than their intrinsic value and holds them for the long term.

Furthermore, Berkshire Hathaway invests in various companies across different industries which made it hold significant stakes in well-known companies like Coca-Cola, Apple, American Express, and many others, and also has a strong presence in the insurance industry. It owns GEICO, one of the largest auto insurance providers in the United States.

Buffet is also known for his philanthropic contributions throughout his life. He pledge to gradually donate the majority of his wealth to charitable causes through Bill and Melinda Gates Foundation, in 2006. His philanthropy has contributed immensely to various social and global health issues.

8. Larry Page

Larry Page is a 50-year-old man born on the 26th of March, 1973 in Lansing Michigan, and currently lives in the United States. He is the Co-founder and board member of Alphabet, a parent company created to oversee the various businesses under its umbrella, its prominent subsidiary is Google. He has a total net worth of $112 billion. and earned a Bachelor of Science in Computer Engineering at the University of Michigan.

Like other tech billionaires earlier mentioned, Page embarked on his path to wealth and fame in his dorm room. He was pursuing a Doctorate at Stanford University when he and his friend, Sergey Brin came up with an idea to improve data extraction and then designed a new search engine technology.

They proceeded to found Google in 1998 with Page serving as the CEO of the company till 2001 and also from 2011 to 2019. Google is a technology company known for its internet-related products and services. It is best known for its search engine.

>> How to Make Money on Google

9. Sergey Brin

Brin is a 49-year-old man born on the 21st of August, 1973 in Moscow, Russia. He currently lives in the United States and graduated with honours in Computer Science and Mathematics at the University of Maryland, College Park. He is the Co-founder and Board member of Alphabet. Brin has a total net worth of $107 billion He graduated with honours in Computer Science and Mathematics at the University of Maryland, College Park.

Apart from being known for its search engine, Google also offers a wider range of products referred to as Google Workspace. The products include Gmail, Google Maps, Google Sheets, Google Docs, Google Drive, Google Calendar, Google Chat, Google Slides, and more. Google also provides other varieties of electronic devices. These devices include Pixel Smartphones, Computers, tablets, Nest smart home devices, and the Stadia gaming platform.

10. Mark Zuckerberg

Zuckerberg is a 39-year-old man born on the 14th of May, 1984 in White Plains, New York and currently lives in the United States. He is the Chairman and CEO of Meta Platforms previously Facebook with a total net worth of $102 billion.

Together with his roommates at Harvard, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes, Zuckerberg first developed Facebook. When it spread to other universities, he dropped out of Harvard and moved to Silicon Valley to focus on developing Facebook.

Currently, Facebook has 3 billion active users as of Q1 2023. Facebook is the world’s largest social networking platform. The app is free to use and most of its revenue is generated through advertising.

Zuckerberg and his wife, Priscilla Chan, co-founded the Chan Zuckerberg Initiative in 2015. The foundation is created to leverage technology to fix societal ills, such as quality education, accelerating scientific research, improving health care, fostering inclusive and just communities, and engaging in policy and advocacy work.

>> How to Make Money on Facebook

Who Is The Richest Man In The World?

The richest man in the world as of June 2023 is Elon Musk, the CEO of Tesla and SpaceX with a total net worth of $233 Billion.

Who Are The 10 Richest People In The World?

Elon Musk
Bernard Arnault
Jeff Bezos
Larry Ellison
Bill Gates
Steve Ballmer
Warren Buffet
Larry Page
Sergey Brin
Mark Zuckerberg

Bottom Line

If you want to be or get close to the ranking list of the richest people in the world, you need to take up tech innovation, be a business mogul, or make the right investing decisions. And If you have any innovative idea yet to be launched, we hope you are inspired by this article, to bring it to life. As most of the richest men on this list started with a good idea, and with drive, creativity, focus, and connection, they were able to establish some of the world’s largest companies, contributing to the world’s advancement.