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Chinas 100 Richest 2023: Billionaires Hit By Global Tensions, Domestic Headwinds

One country impacted by these factors was Russia which has 34 fewer billionaires on the list this year. There are 2,668 billionaires in the world, according to Forbes’ most recent annual tally of planet Earth’s super rich. Seen here with siblings Rob (left) and Alice, Jim Walton gave away $1.2 billion worth of his Walmart stock in 2019.

Faisal Bin Qassim Al Thani is the richest Qatari billionaire on our list. Faisal is the chairman of Al Faisal Holding, which owns more than 20 hotels worldwide. Faisal Bin Qassim Al Thani ranks 14th on our list of the richest Arab billionaires in the world. Ayman Hariri is the son of late Lebanon’s prime minister, Rafik Hariri, who was assassinated while in office in 2005. In 2014, Ayman sold his inherited stake in his father’s Saudi-based construction company, Saudi Oger, to his brother Saad. Co-founder and CEO of Vero, Ayman Hariri is one of the richest Arab billionaires in the world.

They’re $200 billion poorer than last year, but still worth $2.1 trillion.

One effort is to develop tools to help others cure, manage or prevent all disease; Zuckerberg and Chan spoke to Forbes earlier this year about their philanthropic efforts. And Zuckerberg talked to Forbes in September about Meta’s two biggest bets and more ahead of the company turning 20. Buffett created the Giving Pledge with Bill Gates and Melinda French Gates in 2010, asking billionaires to commit to give away at least half their fortune to charitable groups. So far he’s donated $51.5 billion in Berkshire Hathaway stock to the Gates Foundation and his kids’ foundations.

With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own. Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. The world’s billionaires represent a small fraction of the global population, but they hold a significant share of total wealth in our world. Just like his brother Ayman, Bahaa sold his stake in Saudi Oger to his other brother Saad.

Bernard Arnault

The world’s billionaires are accumulating wealth at a rate “unprecedented in human history,” according to a recent report from Oxfam International. A report from the Institute for Policy Studies showed that the collective wealth of the country’s 651 billionaires has jumped by more than $1 trillion to $4 trillion since roughly the start of the pandemic. In fact, Forbes magazine once called Bezos the richest human being who has ever lived. His wealth is simply staggering, says Bloomberg wealth reporter Devon Pendleton, who helps compile the billionaire index.

There were rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices. The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755—660 more than a year ago. Altogether they are worth $13.1 trillion, up from $8 trillion on the 2020 list.

Bill Gates

In February 2006, Zhang became the fifth employee and the first engineer at the travel website Kuxun, and he was promoted to technical director a year later. In 2008, Zhang left Kuxun to work for Microsoft, but felt stifled by its corporate rules. He soon left Microsoft to join the startup Fanfou, which eventually failed. In 2009, when Expedia was about to acquire Kuxun, Zhang took over Kuxun’s real estate search business and started 99fang.com, his first company.

Zuckerberg rejoined the world’s top 10 richest earlier this summer for the first time since January 2022, as the result of a rise in the price of Meta’s stock. During the month of October, his fortune rose by an estimated $300 million and he moved from No. 8 to No. 7 richest in 5 richest people in the world the world, per Forbes. On October 25, shares of the company fell 10% in a day, but have recovered somewhat since then. Together, the world’s 10 richest people, according to Forbes, are worth $1.32 trillion as of November 1—but that’s nearly $50 billion less than a month ago.

Gautam Adani and family (India)

It has grown to be the world’s largest social network, with 3.88 billion monthly users. Zuckerberg, the CEO of Meta, took the company public in 2012 and still owns about 13% of it. He and his wife Priscilla Chan have pledged to direct 99% of their stock in the company toward measures that promote human potential.

For daily updated net worths of all 2,640 billionaires, check out our real-time billionaires rankings. This list of mainland China’s richest was compiled using shareholding and financial information obtained from families and individuals, stock exchanges, analysts, private databases and other sources. Net worth figures are based on exchange rates and stock prices on Oct. 20, 2023.

Gates transitioned to a new role as technology advisor and Microsoft board member, serving as chairman until 2014. In recent years he has devoted more time to the Bill & Melinda Gates Foundation, created in 1997 to address the biggest health and education issues of our time. Zuckerberg’s prominence in the technology industry has prompted political and legal attention. The founding of Facebook involved Zuckerberg in multiple lawsuits regarding the creation and ownership of the website. In June 2008, Gates transitioned to a part-time role at Microsoft and full-time work at the Bill & Melinda Gates Foundation, the private charitable foundation he and his then-wife Melinda established in 2000.

He dropped out of Harvard to cofound software firm Microsoft with his high school friend Paul Allen in 1975, creating one of the first software programs available for the nascent personal computer industry. He was CEO of the company for 25 years and remained chairman until 2014. He eventually stepped off the board in https://www.bookstime.com/ 2020 but told Forbes in early 2023 that he still spends about 10% of his time consulting with teams at Microsoft. These days he has investments in dozens of companies, including waste removal firm Republic Services and agricultural equipment maker Deere & Co., and is one of the largest owners of farmland in the U.S.

But a large number of moguls also saw their wealth soar, even as income inequality grew more dramatic and a pandemic ravaged the world. The ranks of billionaires dwindled over the past year, with their total worth dropping by $400 billion, says the latest list of the world’s richest people from Forbes magazine. Warren Buffett is the world’s sixth richest person, worth $96 billion. It’s the first year since 1993 that the revered investor running Berkshire Hathaway has not appeared in the top five.

• Two days after enrolling in a graduate physics program at Stanford University, Musk deferred attendance to launch Zip2, one of the earliest online navigation services.
• He is the founder and chairman of several companies, including BEN, Cascade Investment, bgC3, and TerraPower.
• The 25 richest people in the world are worth a collective $2.1 trillion, according to Forbes’ World’s Billionaires list, released Tuesday–down a combined $200 billion from $2.3 trillion in 2022.
• After the dot-com bubble started to collapse in 2000, his wealth dropped to $60 billion, although he remained at the top of the list.