For a significant period, Elon Musk confidently held the title of the wealthiest individual on the planet. However, due to recent turbulence surrounding his Twitter activity, his ranking in the Forbes list has dropped.
The top spot is now occupied by Bernard Arnault, the head of LVMH, which encompasses esteemed brands such as Louis Vuitton and Sephora among its portfolio of 75 luxury cosmetics brands. His current net worth stands at a staggering $211 billion.
In 2022, Elon Musk’s fortune reached $219 billion, but it has since declined to $180 billion.
Interestingly, the 51-year-old entrepreneur remains active on social media, often making controversial decisions that do not necessarily earn him additional popularity points among the American population.
Jeff Bezos, the founder of Amazon, has slipped into third place. His wealth has also experienced a significant decrease over the past year, dwindling from $171 billion in 2022 to $114 billion. However, considering the global economic challenges, this decline is not entirely unexpected. Nevertheless, it is doubtful that the billionaire is overly concerned about it.
Larry Ellison, the owner of Oracle, holds the fourth position. Unlike many others, his income has not declined; in fact, it has increased. Larry currently possesses $107 billion and is renowned as the largest supplier of software and server hardware through Oracle.
Warren Buffett falls just short of Larry Ellison. Often referred to as the Oracle of Omaha, the 92-year-old is widely recognized as one of the most successful investors of all time. He amassed his fortune primarily through investments.
As the rankings shift, it remains to be seen how these influential figures will continue to shape the world of wealth and entrepreneurship.
