In its previous list in 2022, Musk was on the No. 1 spot.<\/p>\n
Forbes described the drop of Musk from the top spot as \u201d this year\u2019s second-biggest loser\u201d, adding that \u201cElon Musk, had it worse.\u201d<\/p>\n
Musk lost his title of the world\u2019s richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors. Musk, who is worth $39 billion less than a year ago, is now No. 2.<\/p>\n
For Jeff Bezos, fortune knocked him from number. 2 in the world in 2022 to No. 3 this year as Amazon shares crashed by 38 per cent.<\/p>\n
Also, among the top 25, two billionaires\u00a0 \u2014 Zhang Yiming, Changpeng Zhao lost their spots and were unable to make it on the list for this year.<\/p>\n
Yiming,\u00a0the founder of Tik Tok-parent Bytedance,\u00a0dropped one place, from No. 25 to No. 26, as his embattled company\u00a0has\u00a0taken a haircut\u00a0from investors while Zhao, Binance founder, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter.<\/p>\n
Below are the list of Forbes 25 richest people in the world in 2023 with their net worth<\/p>\n
1. Bernard Arnault & family
\n(Net worth: $211 Billion | Source of Wealth: LVMH\u00a0| Age:\u00a074\u00a0| Citizenship:\u00a0France)<\/p>\n
2. Elon Musk
\n(Net worth: $180 Billion\u00a0| Source of Wealth:\u00a0Tesla, SpaceX\u00a0| Age:\u00a051\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
3. Jeff Bezos
\n(Net worth: $114 Billion\u00a0| Source of Wealth:\u00a0Amazon\u00a0| Age:\u00a059\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
4. Larry Ellison
\n(Net worth: $107 Billion\u00a0| Source of Wealth:\u00a0Oracle\u00a0| Age:\u00a078\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
5. Warren Buffett
\n(Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.)<\/p>\n
6. Bill Gates<\/p>\n
(Net worth: $104 Billion\u00a0| Source of Wealth:\u00a0Microsoft\u00a0| Age:\u00a067\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
7. Michael Bloomberg
\n(Net worth: $94.5 Billion | Source of Wealth: Bloomberg LP | Age: 81 | Citizenship: U.S.)<\/p>\n
8. Carlos Slim Hel\u00fa\u00a0& family
\n(Net worth: $93 Billion\u00a0| Source of Wealth:\u00a0Telecom\u00a0| Age:\u00a083\u00a0| Citizenship:\u00a0Mexico)<\/p>\n
9. Mukesh Ambani
\n(Net worth: $83.4 Billion\u00a0| Source of Wealth:\u00a0Diversified| Age:\u00a065\u00a0| Citizenship:\u00a0India)<\/p>\n
10. Steve Ballmer
\n(Net worth: $80.7 Billion\u00a0| Source of Wealth:\u00a0Microsoft\u00a0| Age:\u00a067\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
11. Fran\u00e7oise Bettencourt Meyers & family
\n(Net worth: $80.5 Billion | Source of Wealth: L\u2019Or\u00e9al | Age: 69 | Citizenship: France)<\/p>\n
12. Larry Page
\n(Net worth: $79.2 Billion\u00a0| Source of Wealth:\u00a0Google\u00a0| Age:\u00a050\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
13. Amancio Ortega
\n(Net worth: $77.3 Billion\u00a0| Source of Wealth:\u00a0Zara\u00a0| Age:\u00a087\u00a0| Citizenship:\u00a0Spain)<\/p>\n
14. Sergey Brin
\n(Net worth: $76 Billion\u00a0| Source of Wealth:\u00a0Google\u00a0| Age:\u00a049\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
15. Zhong Shanshan
\n(Net worth: $68 Billion\u00a0| Source of Wealth:\u00a0Beverages, pharmaceuticals\u00a0| Age:\u00a068\u00a0| Citizenship:\u00a0China)<\/p>\n
16. Mark Zuckerberg
\n(Net worth: $64.4 Billion\u00a0| Source of Wealth:\u00a0Facebook\u00a0| Age:\u00a038\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
17. Charles Koch
\n(Net worth: $59 Billion\u00a0| Source of Wealth:\u00a0Koch Industries\u00a0| Age:\u00a087\u00a0| Citizenship:\u00a0U.S.)<\/p>\n
18.\u00a0Julia Koch & family
\n(Net worth: $59 Billion | Source of Wealth: Koch Industries | Age: 60 | Citizenship: U.S.)<\/p>\n