Who are the richest people in the world?
The richest 1% own about 45% of global wealth. It’s a lot of money, and with all that’s been happening over the world in the last few years, people have wondered whether the wealthiest people should be taxed heavily, and thier money be used to build infrastructure for the public. Others oppose this idea and think it’s their business what they do with their money.
We don’t fully agree with either, as the net worth that we calculate of these Billionaires is reflective of the stocks they hold in their companies. If they were to sell all their stocks, the valuations of their company and as a result their net worth, would tumble. It’s not as simple as some people make it sound, really!
Anyway, we leave it up to you to decide, but first, let’s take a look at the list of: 15 richest people in the world in November, 2023.
15. Gautam Adani: $71.99 Billion
Gautam Adani is yet another Indian Businessman (apart from Ambani) to be included in the list of Richest People in the world. His group company Adani Group has interests in Ports, Power & Energy, Infrastructure, Airport management, food processing, etc.
Their flagship company is Adani Enterprises and they also have their hands on the clean energy sector.
Adani Group own Mundra Port, which is the largest private port in India located in Kutch, Gujarat.
Gautam Adani’s net worth is estimated to be $71.99 Billion in 2023.
14. Carlos Slim: $75.30 Billion
Carlos Slim Helú is the richest man of Mexico. He has invested his money into various sectors and companies operating across Mexico and United States. His investment account for about 40% of all listed companies of the Mexican Stock market.
He had even loaned $250 Million to The New York Times for digital media expansion and currently owns 17% stake in the company. Helu is currently the CEO of three companies, Groupo Carso (His own Company), América Móvil (A large telecom operator based in Mexico), and Telmex (A subsidiary of América Móvil).
He was the ranked the wealthiest person in the world from 2013 to 2014, overtaking Bill Gates for two years.
Today, the net worth of Carlos Slim Helu is estimated at $75.30 Billion.
13. Francoise Bettencourt Meyers & family: $81.99 Billion
Francoise Bettencourt Meyers is the granddaughter of L’Oreal’s founder, Eugene Schueller.
With ownership of 33% of L’Oreal, her net worth is $81.99 Billion. This puts her in the 13th position on this list and makes her the richest woman in the World.
12. Amancio Ortega: $82.59 Billion
Amancio Ortega was once the richest man in Europe. He and his wife founded Inditex Group that owns ZARA and some other fashion brands. Their first store was called Zorba, but due to conflicting name with a nearby bar they had to change it to ZARA.
They are considered as one of the greatest retailers in the world for their expertise and ability to deliver products faster than anyone else. This has made them the biggest fashion Company in the world.
The net worth of Amancio Ortega is $82.59 Billion, as of 2023.
11. Steve Ballmer: $94.81 Billion
Steve Ballmer was the CEO of Microsoft from the year 2000-2014. He was hired at Microsoft by Bill Gates in 1980. Currently he is the Governor of Los Angeles Clippers of the National Basketball Association (NBA).
This year, 2023, Steve Ballmer’s net worth is about $94.81 Billion.
10. Mukesh Ambani: $101.88 Billion
Mukesh Ambani is the Chairman cum Managing director of Reliance Industries limited. Reliance Industries Limited is the largest publicly listed Indian company by market capitalisation (as of 2nd May, 2021). Asia’s (and India’s) richest person had entered the global list of wealthiest people in May of 2019.
Most of Ambani’s wealth comes from his (40%+) shareholding in Reliance Industries Limited. The elder Ambani utilised his cash cow Petroleum division to grow and expand other businesses. One of them being a telecom company “Reliance Jio” which is second to only Vodafone Idea limited’s customer base.
With total exports worth more than $21 billion in 2019, Reliance Industries is India’s largest exporter and responsible for 5% of total customs and excise tax of the Indian Government. Total revenue of Reliance industries in 2019 was $90 Billions. It ranked 148th in Fortune 500s list, in 2018.
As of 2023, the net worth of Mukesh Ambani is $101.88 Billion.
9. Warren Buffett: $107.59 Billion
Warren Buffett often touted as the Oracle of Omaha is the chairman and CEO of Berkshire Hathaway. He likes to own value producing companies and assets instead of non-value producing assets like gold or unproductive land.
Despite being one of the richest people in the world, Buffett has a modest lifestyle. He still lives in his $650,000 house in Omaha, Nebraska which he had bought in 1958 for $31,500.
Here’s a quote from Warren Buffett that will change the way you think about doing business: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
The net worth of Warren Buffett is about $107.59 Billion as of 2023.
8. Sergey Brin: $117.73 Billion
Brin is currently the president of Alphabet Inc. which is the parent company of Google. Scroll down to read about Larry Page.
Sergey Brin’s net worth as of 2023, is estimated at $117.73 Billion.
7. Mark Zuckerberg: $118.40 Billion
Who doesn’t know Mark Zuckerberg? He is the co-founder of Facebook, the biggest social media website in the world. Mark had initially limited the users to his own university. But, later they allowed other university students to join the network, and eventually opened it for general public.
Fact: Zuckerberg seems to be the most volatile Billionaire in this list.Nicheless.in
Basically anyone who claimed to be 13 years or older and depending on local laws they were allowed to register for an account on the website. He then dropped out of Harvard to lead Facebook after its success. He became a billionaire at the age of 23 in 2008, (world record for youngest billionaire at that time). Later in 2017, he received an honorary degree from Harvard.
Mark Zuckerberg is estimated to be worth $118.40 Billion in 2023.
6. Larry Page: $122.18 Billion
Larry page co-founded Google in 1998. He created the PageRank algorithm that is used by google to rank the search results.
He was the CEO of the company until 2001 when stepped down to assume the position of products manager. Later in 2011 he became the CEO, but again stepped down in 2015 to become the CEO of Alphabet Inc.
Estimated net worth of Larry Page is about $122.18 Billion as of 2023.
5. Larry Ellison: $134.70 Billion
Larry Ellison is at #5 in the list of richest people in the world in November, 2023. He is the Co-Founder of the Oracle Corporation, which is the third biggest software Company after Microsoft and Alphabet.
Larry is currently the executive chairman and Chief Technology Officer of the company. Oracle specialises in Database Management software and cloud engineering systems.
Apart from Oracle, Larry Ellison also owns ~15 Million shares of $TSLA worth about $12 Billion.
As of 2023, the net worth of Larry Ellison is $134.70 Billion.
Since you’ve come halfway though our list of Wealthiest people in the world, you might also want to check out our list of Richest Tech Billionaires.
4. Bill Gates: $136.93 Billion
Who doesn’t know Bill Gates, the co-founder of Microsoft? What you might not know is that his real name is William Henry Gates III. He is still the Technology Advisor of Microsoft and a Board member at both Microsoft and Berkshire Hathaway.
Presently 4th Richest person in the world, Bill Gates became a Billionaire (youngest Billionaire of that time) at an age of 31. Eight years later, in 1995 he became the world’s richest person with a net worth of US $12.9 Billion.
His company Microsoft enjoys 75.47% market share of Desktop Operating systems, and 35.6% in all segments (Data from: Statcounter). Gates is one of the best-known tech entrepreneurs of the mid 1980s and he also saved Apple Inc. in 1997. Currently most of his investments are held by his company Cascade Investments LLC, which is managed by Michael Larson.
Bill has donated large amounts of money to various organizations through Bill and Melinda Gates Foundation. But, unlike other philanthropists he ensures that all his money is used efficiently by following up with them, and offering complete solution to the organisation that he donates. You can follow his work through his website: Gates Notes and his YouTube channel: Bill Gates YouTube.
According to our estimates, Bill Gates’ net worth stands at $136.93 Billion in 2023.
Here’s one of his interesting quotes: “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
3. Jeff Bezos: $191.85 Billion
Currently the 3rd richest person in the world, Jeff Bezos is the founder of Amazon, World’s largest internet company, and second to hit the US$ 1 Trillion mark after Apple. Jeff founded the company in 1994 as an online book store. Although Amazon is now bigger than ever, it wasn’t the only name on his mind. Relentless was another such name, and even today if you visit relentless.com you’ll be redirected to Amazon.
Today, Amazon has expanded into various sectors including cloud computing, home assistant hardware, music/video streaming services, organic foods, and many more. In 2017, Amazon’s net profit was US$ 3 Billion. Same year, in November Jeff bezos sold 1 million Amazon shares worth US$ 1.1 Billion. But, in 2018 the profits jumped to about $12 Billion.
Here’s a quote from Jeff that will help you in your business: “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.”
Contrary to the news, Jeff Bezos’ net worth increased after his divorce with MacKenzie.
Jeff and MacKenzie Bezos are Divorced. Jeff had about 16% of Amazon’s shares and in the divorce process he lost 4% to MacKenzie. But, Jeff had still managed to retain 1st rank in the list of the richest people in the world. Only recently had he lost his title to Elon Musk and stood 2nd. Now in 2023, he was pushed further down to #3 by French Tycoon, Bernard Arnault.
2. Bernard Arnault: $194.24 Billion
Many months ago, Bernard Jean Etienne Arnault was the wealthiest person on the Planet, but now he’s back to #2 after slight decline in the share prices of LVMH.
He owns about 235 Million shares of LVMH, currently trading at ~ $791. Apart from that he also owns some stake in Hermes International.
If you’re on Android, you can check the real-time net worth of the world’s Billionaires from our app. iPhone app will also be out soon.
LVMH recorded a great quarter with significant improvements in Incomes from the segments of Wines & Spirits, and Fashion & Leather Goods. This led to recent rise in shares of Moët Hennessy Louis Vuitton, and subsequently Arnault’s wealth.
He is an investor, a great business tycoon and the wealthiest person in Europe. He is the founder and CEO of concoction LVMH which holds 70 luxury brands including Bulgari, a luxury jewelry, watch and, leather goods brand featured in the Iron Man (2008) Movie.
Net income of his conglomerate was € 7.17 billion in 2019 and Bernard ranks #56 in world’s most powerful people’s list.
1. Elon Musk: $245.81 Billion
Elon’s journey is quite interesting. At the age of 12, he developed a game and sold it for $500. Then in 1995, after graduating he started Zip2 that developed and marketed an internet city guide for Newspaper publishing industry. The company was then sold to Compaq for $341 Million in February of 1999.
Musk received $22 Million for his 7% share in the sale. A month later he co-founded x.com, an e-mail based payments company. A year later it merged with Confinity. The company had a similar online payments service called PayPal. To focus on the payments business it was later renamed to PayPal.
In 2002 PayPal was acquired by eBay for $1.5 Billion out of which Musk’s share was $165 Milion. Even before the sale of PayPal Musk was obsessed with getting humans to Mars. But, the price of a Rocket looked very costly to him.
According to Musk, the price of components of a Rocket were only about 3% of the cost. Having done the math, he decided to build his own Rockets.
A Quote from Elon Musk : “When something is important enough, you do it even if the odds are not in your favor.”
After the PayPal sale Musk used his hundreds of millions of dollars to start SpaceX. Then, in 2004 he invested heavily in Tesla and became its Chairman. Having shuffled through different companies Musk had finally found his love in SpaceX and Tesla. So much so that he said he’d be the last person to cash out of Tesla but clarified that it would only be done to fund SpaceX’s mars colonization missions.
Even Musk himself thought that he would fail, which he did, multiple times. But the law of averages kicked in and… he did the impossible. Okay, it wasn’t the law of averages. It was their hard work that paid off, and if we ever become space faring civilisations (and we will xD) you know whom to thank. I really think that we need more people like Elon Musk.
After multiple fierce battles between Musk and Bezos for the throne, Musk’s finally taken back the position of the Richest person in the world!
That concludes our list of 15 richest people in the world in November, 2023.
Now that you know about the wealthiest people in the world in November, 2023, you can take inspiration from their lives and concentrate on building your own empire. Who knows one day, you might end up in this list as well. If you liked this list you might want to check out: The 20 Richest Tech Billionaires in 2020.
Some facts about the wealthiest people:
1: This year, Forbes, in their list of Billionaires, 2021 found a staggering 2,755 Billionaires. Up by 25% since it’s previous year.
2: The average net worth of all billionaires is US$ 4.75 Billion in 2021, and their combined net worth is US$ 13.1 Trillion.
3: As of 2021, world’s Billionaires own 3.13% of the US$ 418 Trillion global wealth.
4: More than 90% of the people on this list are self made, i.e. has negligible inheritance money.
Elon Musk takes the first spot in our list of wealthiest people in the world.
Here’s a video version we created of the same article some time ago [may not be latest/accurate]:
Which Billionaire on this list is your favourite? Tell us in the Comments down below!
P. S. If you have an Android based smartphone you can download our app to read all of the articles and keep a track of real-time net worth of the wealthiest top 50 Billionaires. Besides, its better in the app.
P. P. S. Forbes has done a really good job at keeping track of the real-time net worth of the aforementioned billionaires. If that’s what you’re looking for, you can check it out from the link above.