The Richest People In The World
The Richest People: Following significant declines in the value of shares in his electric car firm Tesla, Elon Musk has lost the title of the richest person in the world. According to Forbes and Bloomberg, who track the wealth of billionaires, Bernard Arnault, the CEO of the luxury conglomerate LVMH in France, has surpassed Musk to claim the top spot.
Born in South Africa Tesla’s CEO and top shareholder, Musk, recently acquired ownership of Twitter. Since Musk’s initial bid for Twitter in April, the electric car manufacturer has seen its market value drop by more than 50 percent.
The day before Twitter reported in a regulatory filing that the billionaire had launched a hostile bid worth $43.4bn, shares of Tesla were trading at $340.79 (£275.27). The price of a Tesla share has dropped more than 50% since then, and it is currently trading at roughly $160.
According to Forbes (The Richest People), recent drops in the stock price of the automaker at the beginning of the week reduced Musk’s wealth by around $7 billion. In comparison to Arnault’s net worth of $188 billion, it estimates his current value to be around $177 billion.
See our live billionaires rankings for the most recent daily updates on the net worths of the top 20 billionaires(The Richest People).
1. Elon Musk: Six businesses were cofounded by Elon Musk, including the electric vehicle manufacturer Tesla, the rocket manufacturer SpaceX, and the company Boring Company. NET WORTH: $219 B 
2. Jeff Bezos: In 1994, Seattle resident Jeff Bezos started the massive online retailer Amazon in his basement. In July 2021, he gave up his position as CEO to become executive chairman. NET WORTH: $171 B 
3. Bernard Arnault & Family: Louis Vuitton, Sephora, and other 70 fashion and beauty businesses are all under Bernard Arnault’s direction at the LVMH conglomerate. NET WORTH: $158 B 
4. Bills Gate: Bill Gates invested in clean energy as part of his diversification of holdings after making his wealth at the software company Microsoft. NET WORTH: $129 B 
5. Warren Buffett: One of the greatest investors of all time, Warren Buffett is referred to as the “Oracle of Omaha.” NET WORTH: $118 B 
6. Larry Page Larry Page is still a board member and the company’s controlling shareholder after leaving his position as Alphabet’s CEO in December 2019. NET WORTH: $111 B 
7. Sergey Brin: In December 2019, Sergey Brin resigned from his position as Alphabet’s president. He continues to serve on the board and as a controlling shareholder, though. NET WORTH: $107 B 
8. Larry Ellison is the chairman, CTO, and co-founder of the well-known software company Oracle, which he owns around 35% of. NET WORTH: $106 B 
9. Steve Ballmer: The energetic former CEO of Microsoft, Steve Ballmer, served in that position from 2000 until 2014. NET WORTH: $91.4 B 
10. Mukesh Ambani: Reliance Industries, with a $104 billion (sales) market cap with holdings in petrochemicals, oil and gas, telecom, and retail, is chaired and operated by Mukesh Ambani. NET WORTH: $90.7 B 
11. Gautam Adani: The $21 billion (in revenue) Adani Group, which has interests in, among other things, ports, airports, electricity generation and transmission, green energy, edible oils, cement, and real estate, is led by Gautam Adani. NET WORTH: $90 B 
12. Michael Bloomberg: In 1981, Bloomberg LP, a provider of media and financial information, was co-founded by Michael Bloomberg. NET WORTH: $82 B 
13. Carlos Slim Helu & Family: América Móvil, Latin America’s largest mobile phone company, is under the control of Mexico’s richest man, Carlos Slim Helu, and his family. NET WORTH: $81.2 B 
14. Francoise Bettencourt Meyers & Family: The richest woman in the world is Francoise Bettencourt Meyers, a granddaughter of L’Oreal’s founder. NET WORTH: $74.8 B 
15. Mark Zuckerberg, social network, Facebook, has served as a central source of information during the epidemic but has under criticism for disseminating false information about vaccines. NET WORTH: $67.3 B 
16. Jim Walton is the eldest son of Sam Walton, the man who founded Walmart. NET WORTH $66.2 B 
17. Zhong Shanshan Nongfu Spring, a firm that sells bottled water, is led by Zhong Shanshan. In September 2020, the company listed its shares in Hong Kong. NET WORTH $65.7 B 
18. Alice Walton is the only daughter of Sam Walton, the man who founded Walmart. NET WORTH $65.3 B 
19. Rob Walton is the son of Sam Walton, the man who founded Walmart. NET WORTH $65 B 
20. Changpeng Zhao, the founder and CEO of Binance, the biggest cryptocurrency exchange in the world, is also known by his initials CZ. NET WORTH $65 B
