1. Elon Musk – $241 billion
Elon Musk owns 74% of X, formerly Twitter – the social media platform he bought it for $44billion in late 2022
The South African businessman’s wealth is tied up in the success of Tesla, his electric car firm.
Musk also owns 74% of X, formerly Twitter – the social media platform he bought it for $44billion in late 2022.
In December, Forbes estimated that Musk’s stake in X is now worth nearly 70% less than he paid for it, based on investor Fidelity’s valuation of the company.
Musk also owns around 42% of Space X, and has stakes in brain implant company Neuralink and The Boring Company.
2. Jeff Bezos – $204 billion
Bezos owns retail giant Amazon as well as The Washington Post and Blue Origin
The American businessman is the chairman and founder of Amazon, which he launched out of his Seattle garage in 1994.
The retail giant is now considered a tech company because a lot of its profits are generated through its cloud computing service AWS.
Bezos also owns The Washington Post and Blue Origin, an aerospace company developing rockets.
The tycoon said in a 2022 interview with CNN that he plans to give away most of his wealth during his lifetime, though he did not give specific details.
3. Bernard Arnault – $187 billion
Bernard Arnault, 75, is the CEO of French luxury conglomerate LVMH
Arnault serves as the CEO and chair of the French luxury conglomerate LVMH which owns well-known brands including Louis Vuitton, Tiffany & Co, and Dom Pérignon.
But the majority of his fortune is driven by his 97.5 percent stake in Christian Dior, according to Bloomberg.
In 2022, the 75-year-old entrepreneur raised LMVH’s mandatory retirement age to 80 which gives him another five years in control.
His five children all work across LVHM and its brands.
4. Mark Zuckerberg – $165 billion
Mark Zuckerberg, 40, is among the youngest of the billionaire tech tycoons
The Facebook founder started the social media platform as a 19-year-old college student at Harvard in 2004.
Among the youngest of the tech tycoons, the 40-year-old took his business public in 2012.
The company took over Instagram, and Zuckerberg changed its name to Meta in 2021 to shift the its focus to the metaverse.
Zuckerberg owns 13 percent of Meta, and shares in the company almost tripled in value last year.
5. Bill Gates – $157 billion
Microsoft boss Bill Gates enjoyed a $24 billion increase in his wealth in 2023, bringing his net worth up to a whopping $128 billion
Microsoft boss Bill Gates enjoyed a $24 billion increase in his wealth in 2023, and is the wealthiest he’s ever been.
But he also went down to his lowest ranking on the billionaires list since 1992 in a sign of how tough the competition has become at the top of the pyramid.
An expensive divorce set the 68-year-old back, along with a $59 billion donation he made to charities.
According to Forbes, Gates was the world’s richest man for 18 out of 23 years between 1995 and 2017.
Source: Bloomberg Billionaires Index
Note: The list of billionaires can change daily as the ranking is based on stock valuations.
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Read more at DailyMail.co.uk