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In late March the Oracle of Omaha, a veteran of market crises, reportedly advised the Biden administration on bank runs and discussed possible investments in regional banks. Net worth: $106 Billion | Source of Wealth: Berkshire Hathaway | Age: 92 | Citizenship: U.S.īuffett has spent the past three years on a spending spree, pumping some $90 billion of Berkshire Hathaway’s cash into stocks, share buybacks and the $11.5 billion acquisition of insurance firm Alleghany Corp., which closed in October.
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He stepped down from Tesla’s board in August after four years. Ellison bought one of Florida’s most expensive homes for $173 million last summer, adding to his portfolio of glitzy real estate, including the Hawaiian island of Lanai, where he lives. The Oracle chairman and former CEO rose four spots amid a tough year for tech, as Oracle shares increased 10% on solid earnings and a focus on security. Net worth: $107 Billion | Source of Wealth: Oracle | Age: 78 | Citizenship: U.S. His fortune isn’t faring as well: He’s $57 billion poorer than a year ago-the biggest loss of any billionaire-thanks to a 38% decline in Amazon stock.
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Since stepping down as Amazon CEO in 2021, Bezos has flown to space via his company Blue Origin, made waves with a near-complete $500 million superyacht and stepped up his philanthropy through support for groups such as Bezos Academy free preschools and grants from his Bezos Earth Fund. Net worth: $114 Billion | Source of Wealth: Amazon | Age: 59 | Citizenship: U.S. Still, Musk is worth $39 billion less than a year ago. SpaceX, meanwhile, keeps soaring, with the company valued at nearly $140 billion in a tender offer that closed in early 2023-up from the $127 billion at which investors valued it last May. Investors have bemoaned the $23 billion of Tesla shares he sold to finance the acquisition. Musk has mostly tweeted himself out of the top spot on the ranks, with Tesla stock down nearly 50% since he announced his $44 billion takeover of Twitter last April, far outpacing the tech-heavy Nasdaq’s 18% drop. Net worth: $180 Billion | Source of Wealth: Tesla, SpaceX | Age: 51 | Citizenship: U.S. Wealthier than ever, Arnault is now planning for succession: In July, he proposed a reorganization of his holding company, Agache, which holds the bulk of his LVMH stock, to give equal stakes to his five children. Revenue, profit and LVMH shares all sit at record highs, helping add $53 billion to Arnault’s fortune over the past 12 months, the biggest gain of any billionaire. The French luxury goods tycoon tops the World’s Billionaires list for the first time on the back of a banner year at LVMH, which owns Louis Vuitton, Christian Dior and Tiffany & Co., among others. Net worth: $211 Billion | Source of Wealth: LVMH | Age: 74 | Citizenship: France They rank 13th and 15th, respectively (there is no 14th, Koch and her brother-in-law Charles Koch tied for 13th).Elon Musk briefly loses top spot on Forbes billionaire list Following her is Alice Walton, the only daughter of Walmart founder Sam Walton. The wealthiest woman on Forbes’ list is Julia Koch, who, along with her three children, inherited a 42% stake in Koch Industries after her husband David passed away in August 2019. L Brands ( Victoria’s Secret, Bath & Boy Works) Rounding out the top 10 are Microsoft’s Bill Gates, Oracle’s Larry Ellison, Berkshire Hathaway’s Warren Buffett, Google’s Larry Page and Sergey Brin, Microsoft’s Steve Ballmer, Bloomberg LP’s Michael Bloomberg, and Walmart’s Jim Walton. He edged out Jeff Bezos, whose wealth stems from Amazon, by $100 billion. These billionaires range in age from their 20s to their 90s, and are worth a combined $4 trillion.Įlon Musk, the man behind Tesla and SpaceX, is the richest person in America with a net worth of $251 billion. The Forbes list features the 400 wealthiest people living in America who have made their fortunes through tech companies, retailers, investing, real estate and more. In recent history, the list has included national figures like Donald Trump, Mark Cuban, and Warren Buffett, but it also includes people that have a larger reputation closer to home. (NEXSTAR) - Each year, Forbes releases a list of the richest people in the U.S. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated.
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