Forbes’ 2023 World’s Billionaires List: Bezos and Musk Slump

Apr 7, 2023 1:00 pm KST

Bezos and Musk drop one spot in Forbes' World's Richest list, with their net worths decreasing by tens of billions of dollars due to market fluctuations.

Forbes released its annual World’s Billionaires List on Tuesday, with Amazon’s Jeff Bezos and Tesla’s Elon Musk slipping in rankings. Bezos fell to third place, while Musk slid to second, with LVMH CEO Bernard Arnault regaining the top spot. The world now has 2,640 billionaires, a nearly 9% YoY decline. The top five wealthiest people are Arnault, Musk, Bezos, Mark Zuckerberg, and Larry Ellison.

Forbes attributed Musk’s slide to his Twitter activity and Tesla’s stock falling, while Amazon’s stock drop caused Bezos’ fall.

David Kim

David Kim

I'm passionate about finding compelling stories and sharing them with the world. As a media editor, I specialize in covering news and developments in the world of journalism, as well as exploring the impact of media on society.

Read more PRESSREELS.com

Sinkhole Unleashes Concrete Rain on Glendale Freeway
The Must-Have Fashion Items of 2023
Fine Arts Theatre Beverly Hills Celebrates 86th Anniversary with 25-Cent Tickets
Family recovers 'invaluable' American flag after devastating tornado
General Mills Recalls Gold Medal Flour Due to Salmonella Concerns
Pioneering Innovation in Sustainable Packaging: The Success Story of Lactips
Maersk's Environmental Impact: Shipping Pollution and Climate Change
First Citizens acquires Silicon Valley Bank at 77% discount following Bankrun crisis
Advancing Technology for a Sustainable Future: The Positive Impact of Toshiba Corporation
Exploring the positive impact of Marks & Spencer on UK retail industry