The global rich list has seen a shake-up after the world’s 10 richest people lost a collective $100 billion in a day.
Forbes reported that the mega-fortunes of the mega-wealthy plunged after recent earnings reports left investors disappointed and share prices in freefall yesterday (Wednesday US time).
Earlier this year, the outlet said there were now 2781 billionaires in the world, up 141 on 2023, and 26 more than the previous record, set in 2021.
Keep going to find out who sits at the top of the money pile, and where Australia’s richest people ranked.
All net worth estimates have been converted to Australian dollars.
1. Elon Musk, US – $353.87 billion
Where to start? Musk is known for his ownership of car manufacturer Tesla, rocket maker SpaceX, and social media giant X – formerly Twitter – as well as a controversial public persona.
He retains his position as the world’s richest man but his net worth took a $23.16 billion hit in yesterday’s crash.
So no Australians cracked the top 10 – where did our richest end up? Keep going to see.
2. Jeff Bezos, US – $303.45 billion
Bezos is the founder of Amazon, which went from a garage setup in Seattle to a global behemoth in everything from shipping to streaming.
He lost $7.95 billion yesterday.
3. Bernard Arnault and family – France, $277.78 billion
He started the year as the world’s richest man, but now he ranks a paltry third after a one-day drop of $12.83 billion.
Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
56. Gina Rinehart, Australia – $47.25 billion
Mining magnate and Australia’s richest person, Gina Rinehart, came in at 56.
100. Rupert Murdoch and family – US, $29.92 billion
The Australia-born Murdoch’s media empire largely rests on its US pillars, including Fox News and the Wall Street Journal, but it has a large presence in Australia as well. He stepped down as chairman last year.
Sources -Forbes
