The Richest 100 People In The World – The 10 richest people on the planet have a total net worth of $1.4 trillion. For some context, that’s roughly the same size as Australia’s GDP.

Who are these rich people and what is the source of their wealth? Here’s a look at the 10 richest people on the planet and how they made their billions.

The Richest 100 People In The World

Elon Musk is currently the richest among them with a combined net worth of $198 billion. That’s $60 billion more than the group average of $138 billion.

The World’s Richest People (top Billionaires, 2023)

This is pretty unsurprising given how well Tesla stock has performed in recent years. While many skeptics think the Tesla bubble will eventually burst – including the famous investor Michael Burry – for now, the car company’s value has continued to rise.

With a current market cap of $768 billion, Tesla is worth more than the next six largest automakers

Kasturi took the highest position from Jeff Bezos, who just a few months ago held the title of the richest person in the world. However, it is worth noting that things can change immediately, because the couple is still at odds.

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Third on the list is Bernard Arnault, CEO of luxury brand conglomerate Louis Vuitton Moët Hennessy (LVMH), which owns Louis Vuitton, Dior, Fendi, Loro Piana and Bulgari. Arnault is the richest person in Europe, and actually even became the richest in the world for a brief stint in May.

Given that America’s tech sector is only expected to grow in the coming years, it looks like America’s tech billionaires will continue their reign for the foreseeable future.

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Datastream Have you calculated your daily carbon footprint? Find out how the average person’s carbon footprint affects the environment and learn how carbon credits can offset your carbon footprint.

Although many large companies and countries have committed to net-zero goals, it is important to recognize that your daily activities also contribute to global emissions.

In this graphic, sponsored by Carbon Streaming Corporation, we’ll explore how the choices we make and the products we use have a big impact on our carbon footprint.

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Here are some of the daily activities and products of the average person and their carbon footprint, according to Clever Carbon.

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Carbon credits are used to help finance projects that prevent, reduce or eliminate CO₂ emissions. These include nature-based solutions such as reforestation and better forest management, or technology-based solutions such as biochar production and carbon capture and storage (CCS).

While carbon credits offer a potential solution for individuals to help reduce global emissions, public awareness remains a significant challenge. A BCG-Patch survey revealed that only 34% of US consumers know about carbon credits and only 3% have purchased them in the past.

By financing the creation or expansion of carbon projects, Carbon Streaming Corporation secures the rights to future carbon credits generated by these sustainable projects. You can then buy these carbon credits to help finance climate solutions around the world and offset your own emissions.

What Economic Crisis? The 500 Wealthiest People In The World Are $852 Billion Richer This Year

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Using data from the Forbes Real-Time Billionaires List, we navigate how the wealth of various groups of uber-rich have changed since the start of the pandemic.

Adding to his wealth is SpaceX’s $100 billion valuation. Since February, its valuation has increased by about $25 billion, placing it among the world’s most valuable private companies. However, most of Musk’s wealth comes from Tesla, which recently moved its headquarters from California to Austin, Texas.

World’s Richest 500 See Their Wealth Increase By $1tn This Year

Since the beginning of the pandemic, Musk has seen his wealth grow the fastest out of 10. In the third quarter of 2021, Tesla’s net income exceeded $ 1.6 billion – company records. This increase helped the entrepreneur become the first person to cross the $300 billion net worth threshold.

Once again, Musk surpassed Jeff Bezos as the richest person in the world. This is impressive because the wealth of Jeff Bezos increased by more than 79% in the same period of time. Similarly, Zuckerberg, Gates and Buffett all experienced double or triple digit growth.

After Musk and Bezos is Bernard Arnault, known as “The Wolf in Cashmere”. The French giant has earned more than $121 billion driven by a 43% jump in LVMH revenue during 2021. Earlier this year, LVMH completed the purchase of jewelry retailer Tiffany & Co for $15.8 billion.

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On average, the 10 richest saw a 204% gain during the pandemic. Not surprisingly, the majority was in technology.

Thanks to the rapid rise of Fenty Beauty (in which she owns a 50% stake), Rihanna is the second richest female entertainer in the world, after Oprah’s $2.7 billion. The company focuses on inclusivity and offers a range of products for every skin type. Launched in 2017 with LVMH (which owns the other 50% of the shares), Fenty Beauty is currently valued at $2.8 billion.

In contrast, last year’s youngest billionaire, Kylie Jenner, dropped off the list after allegedly inflating her net worth. Interestingly, the Kardashians went to great lengths to show Forbes the extent of their wealth, including showing them their tax returns along with invitations to their mansions.

Ranked: The Top 10 Richest People On The Planet

Given the staggering growth of the ultra-rich in recent years, the current concentration of wealth can be compared to America’s Gilded Age.

At that time, John D. Rockefeller was the richest person in the world – worth about $285 billion in today’s terms. His company produces 1.6% of the total output of the US economy.

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Wealth Classification: The World’s 50 Best Endowments Endowments represent the investment arms of non-profit organizations. Take a look at the world’s top 50, who collectively have over $1 trillion in assets.

What do Harvard, the Church of England Commissioners, NYC’s Metropolitan Museum of Art and an entity on behalf of Saudi Arabia’s King Abdullah have in common? They have all the gift funds.

Endowment funds are the investment arms of nonprofit institutions such as universities, charities and churches. The purpose of the foundation is to invest the organization’s assets to provide future activities and other important projects.

Chart: The Richest Women In The World

The world’s largest private equity funds have billions in investable assets, making them important players in the financial sector. Here, using data from the Sovereign Wealth Fund Institute, we take a closer look at the world’s largest private equity funds by total assets.

In addition, each mutual fund has a different structure in terms of payouts, use of funds and their general investment philosophy.

To put it all into perspective, the top 50 endowments represent more than a billion dollars in assets. Or for a more unique example, look at the Harvard foundation, which has an endowment larger than the GDP of countries like Serbia, Bolivia or Slovenia.

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The largest endowment fund, Ensign Peak Advisors, is based in Salt Lake City, Utah, and manages the assets of the Mormon Church (officially known as The Church of Jesus Christ of Latter-day Saints). The church itself has over 16 million members worldwide and is the fourth largest church in America.

The Japan Science and Technology Agency (JST) is a national research and development agency that plays a central role in promoting technology, innovation and science in society. In 1995, the Japanese Government adopted the Basic Plan for Science and Technology, and JST lives on and now has assets of more than 80 billion dollars, as well as offices in Paris, Washington, Singapore and Beijing.

Only two funds come from the Middle East. King Abdullah University of Science and Technology (KAUST)

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