Top Ten Richest Families In The World

Top Ten Richest Families In The World – Portrait of Elon Musk by Warren Buffett, Bernard Arnault, Jeff Kim Photo: Warren Buffett: Bernard Arnault for Michael Prince: Chesnot/Getty Images; Elon Musk: Taylor Hill/Getty Images Louis Vuitton bag: Gene J Puskar/AP; Tesla Model X: Tesla

This year was a bad year for most of the 2,640 billionaires. According to the data, the world’s 25 richest people have a net worth of $2.1 trillion

Top Ten Richest Families In The World

Top Ten Richest Families In The World

Two-thirds of the top 25 are poorer than last year, compared to half of the rest of the list. No one outperformed Jeff Bezos as Amazon shares tumbled 38%. The drop reduced Bezos’ fortune by $57 billion, dropping him from second in the world in 2022 to third this year. This year’s second biggest loser, Elon Musk, fared worse. He lost his title as the world’s richest man after a lavish acquisition of Twitter, which he financed in part by selling Tesla stock, helping to scare away investors. Musk’s wealth is $39 billion less than last year, and he now ranks second.

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Two people lost their place in the top 25. Zhang Yiming, the founder of tiktok’s parent company Bytedance, fell from 25th to 26th as his beleaguered company caught the attention of investors. Binance founder Changpeng Zhao, known as CZ, dropped from 19th last year to 167th during the crypto winter.

However, these elites are not all bad news. Bernard Arnault, chairman of luxury goods magnate LVMH, is worth $53 billion — more than any other billionaire, putting him at the top of the list for the first time. Eight other members of the top 20: Spanish retailer Amancio Ortega (+$17.7 billion), Bloomberg LP co-founder and former New York mayor Michael Bloomberg (+$12.5 billion) and Mexican telecommunications tycoon Carlos Slim got even richer. Dessert (+ $11.8 billion).

With many fortunes falling around them, two billionaires made the top 25 this year: Canadian media mogul David Thompson and Nike co-founder Phil Knight.

Americans dominate the list of billionaires, taking 17 of the 25 spots, followed by France and India, with two each. The top 25 was mainly funded by technology (eight members of the list), fashion and retail (seven).

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Here are the 25 richest people in the world’s 20 billionaires (net worth as of March 10, 2023) #1. Bernard Arnault and family net worth: $211 billion | Source: LVMH Age: 74 | Nationality: France

The French luxury goods magnate tops the world’s list of billionaires for the first time after LVMH, which owns Louis Vuitton, Christian Dior, Tiffany & Co. etc. LVMH’s profits, profits and shares hit all-time highs, helping Arnaud increase his wealth by $53 billion over the past 12 months, the billionaire’s biggest gain. Richer than ever, Arnaud is now planning his succession: in July he proposed to reorganize Agache, the holding company that owns most of his LVMH shares, to give his five children equal shares.

#2. Elon Musk’s Wealth: $180 Billion | Resources: Tesla, SpaceX | Age: 51 | Nationality: USA

Top Ten Richest Families In The World

Musk has frequently gone off on Twitter, and Tesla shares have fallen nearly 50% since announcing a $44 billion acquisition of Twitter last April, more than the Nasdaq tech index’s 18% drop. Investors are upset about Tesla’s $23 billion stake in the sale. Meanwhile, SpaceX continues to grow, with the company’s early 2023 bid approaching $140 billion, up from $127 billion last May. However, Musk is worth $39 billion less than a year ago.

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3. Jeff Bezos Wealth: $114 Billion | Source: Amazon | Age: 59 | Nationality: USA

Since stepping down as Amazon’s CEO in 2021, Bezos has gone into space with his company Blue Origin, made waves with a $500 million supercruiser, helped fund the Bezos Academy’s free kindergarten and stepped up Bezos’ philanthropic efforts. Land fund. His wealth isn’t much better, either: he’s $57 billion poorer than a year ago — the biggest loss among billionaires — thanks to a 38% drop in Amazon shares.

#4.Larry Ellison’s Wealth: $107 Billion | Source: Oracle Age: 78 | Nationality: USA

Oracle’s former chairman and CEO jumped four spots amid a tough year for technology, which saw Oracle’s profits rise 10% on strong revenue and a focus on security. Last summer, Ellison bought the most expensive house in Florida for $173 million, and he has other attractions, including his Hawaiian island lanai. He resigned from Tesla’s board of directors in August after four years.

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5. Warren Buffett’s wealth: $106 billion | Source: Berkshire Hathaway Age: 92 | Nationality: USA

Buffett spent the last three years pouring money into Berkshire Hathaway’s roughly $90 billion in stocks, buying back shares and buying insurance company Alleghany Corp. It closed in October at $11.5 billion. In late March, Omaha, a veteran of the market crisis, was reported to be advising the Biden administration on bank management and discussing investments in regional banks.

#6 Bill Gates Net Worth: $104 Billion | Source: Microsoft Age: 67 | Nationality: USA

Top Ten Richest Families In The World

Gates stepped down from Microsoft’s board in 2020, but he still spends 10% of his time working with teams at the software company — including Microsoft-backed OpenAI. “It’s as important to the Internet as it is to computers,” Gates said in February, referring to OpenAI’s AI tools like ChatGPT. At the same time, he and his ex-wife, Melinda France Gates, are working to increase spending on the Gates Foundation, which Gates co-chairs and plans to end after 25 years.

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7. Michael Bloomberg Net Worth: $94.5 Billion | Source: Bloomberg LP | Age: 81 | Nationality: USA

Despite donating another $1.7 billion to charity last year, the Bloomberg LP co-founder’s fortune continues to grow, with revenue from the financial station and media business expected to reach $13.3 billion in 2022 and 2021. For the year, it amounted to 12.5 billion dollars. A longtime supporter of Israel, a New York Times op-ed last March delved into Israeli politics and criticized Prime Minister Benjamin Netanyahu’s plan to weaken the country’s judiciary.

#8 Carlos Slim and Family Wealth: $93 Billion | Source: Etisalat | Age: 83 | Nationality: Mexico

Shares in the New York-based Latin American telecommunications tycoon have risen 14 percent over the past year, boosting Slim’s fortune to nearly $12 billion, making him one of the world’s 10 richest people. Starting from 2019.

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As Gautam Adani (#24) falls, Ambani regains his position as Asia’s richest man. Last year, Ambani’s giant Reliance Industries became the first Indian company to cross $100 billion in revenue. Last year, he put an end to succession speculation by giving his children key roles: eldest son Akash is head of communications at Geo Infocomm. Daughter Aisha is a retail sales manager. Ibn Anant is working on Reliance’s new energy projects.

#10.Steve Ballmer: $80.7 billion | Source: Microsoft Age: 67 | Nationality: USA

Clippers-L. Hold on to Microsoft stock.

Top Ten Richest Families In The World

Number 11: Françoise Bettencourt-Meyers and family net worth: $80.5 billion | Source: L’Oréal Age: 69 | Nationality: France

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The L’Oréal heiress retained her title as the world’s richest woman for three consecutive years as shares in the cosmetics mogul rose 12% over the past 12 months. Along with pledging $230 million to restore Notre Dame, he appointed him director of his investment firm Téthys Invest, which backs projects such as Elsan, the private French hospital operator.

Number 12: Larry Page Net Worth: $79.2 Billion | Source: Google Age: 50 | Nationality: USA

Three years after the Google co-founder left his day job, Page and co-founder Sergey Brin (#14) joined the strategy meetings at the end of 2022 during the AI ​​tools competition launched by ChatGPT. Page has also stopped selling shares: after writing off $2.5 billion (before taxes) between May 2021 and April 2022, she has yet to sell a single share.

#13. Amancio Ortega: $77.3 billion | Source: Zara | Age: 87 | Nationality: Spain

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His fashion retail empire Inditex is known in the US as the Zara chain. Its shares are up 39% over the past 12 months thanks to brisk sales. income

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