Musk, Bezos remain two of the world's three richest billionaires

The Forbes World’s Billionaires List for the year 2023 ranked French LVMH owner Bernard Arnault first in its lates ranking, followed by Twitter’s CEO Elon Musk and Amazon’s executive chairman Jeff Bezos.

On the list of 200 billionaires, the French Bernard Arnault aged 74, claimed the first spot with a net worth of $211 Billion.

Following right after was Elon Musk with $180 Billion. The American tech fanatic is working to revolutionize transportation both on Earth, through electric car maker Tesla — and in space, via rocket producer SpaceX.

Third on the list is Jeff Besos, with $114 Billion. Bezos founded e-commerce giant Amazon in 1994 out of his garage in Seattle. He stepped down as CEO to become executive chairman in July 2021.

Microsoft’s creator Bill Gates claimed the sixth spot with a fortune of $104 Billion.

81-year-old media and entrainment personality Michael Bloomberg followed, taking up the seventh spot with $94.5 Billion.

Facebook creator Mark Zuckerberg is ranked 16 on the Forbes list with  $64.4 Billion at the age of 38.

Fashion retailers Jim, Rob, and Alice Walton occupied the 19, 20, and 21 spots.

Several billionaires shared the 195th spot, such as Rick Cohen and family, operating in the field of technology, Chinese Jin Baofang of the energy sector, Luo Liguo and family, and Markije, Pamela, and Valerie Mars who each inherited an estimated 8% stake in candymaker Mars when their father, Forrest Mars Jr., died in 2016.

The primary takeaway from this is that, with 735 list members and a total net worth of $4.5 trillion, the United States still has the highest concentration of billionaires. India comes in second with 169 billionaires worth $675 billion, followed by China (including Hong Kong and Macau), which has 562 billionaires totaling $2 trillion.

Forbes used stock prices and exchange rates as of March 10, 2023, to determine net worths.