Some of the wealthiest Americans made their fortunes as innovators, and most became self-made billionaires. They have transformed the world with technology and are working on ways to change the future.
Collectively, America’s 400 richest billionaires are worth $4.5 trillion, tying the record set in 2021. They are about $500 billion richer than they were a year ago, in large part due to a stock market recovery and an AI-fueled tech boom. The article will deal with the top 10 richest people in America in 2023.
The richest person in America is Elon Musk.
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10 richest people in America in 2023
In a stunning display of financial power, the combined net worth of the richest individuals now eclipses the gross domestic product (GDP) of some entire nations. Today, their wealth stands as a tall monument, primarily acquired through their dominance in the fields of technology, finance and retail. Here is the list:
1. Elon Musk – 251 billion dollars2. Jeff Bezos – 161 billion dollars3. Larry Ellison – $158 billion4. Warren Buffett – $121 billion5. Larry Page – $114 billion6. Bill Gates – 111 billion dollars7. Sergey Brin – 110 billion dollars8. Mark Zuckerberg – 106 billion dollars9. Steve Ballmer – $101 billion10. Michael Bloomberg – $96.3 billion
The richest people in America are shown in this list, ranked by net worth. Their ranking is derived from a detailed annual assessment of their wealth and assets, which is compiled from the Forbes 400 and supported by information obtained from the Bloomberg Billionaires Index.
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The richest people in America in 2023
1. Elon Musk
Net worth: $251 billion
Age: 52
State: Texas
Source: Tesla, SpaceX
The richest American is Elon Musk, the personification of innovation. With an uncompromising commitment to transforming terrestrial and extraterrestrial transportation, Musk has transformed the automotive sector with Tesla, while launching humans into space with SpaceX. Musk’s remarkable rise to the top of the fortune, fueled by his investment and leadership at Tesla, where he earned the title of co-founder, was the highlight of his trip from South Africa to the United States. Recent milestones include the growth of Starlink’s low-Earth orbit satellite network, which offers extensive Internet access, and a major $1.4 billion contract with NASA for space missions.
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2. Jeff Bezos
Net worth: $161 billion
Age: 59
State: Washington
Source: Amazon
A pioneer from the start, Jeff Bezos began his journey by leaving his position as a hedge fund manager to found Amazon, an online bookstore. Amazon has evolved over time into a powerful powerhouse, setting the standard for innovation in the twenty-first century. Amazon Prime Video allows the e-commerce behemoth, which rules the digital sphere, to extend its power to cloud storage and content creation. Bezos remains in charge as Amazon’s chairman even if he steps down as CEO in 2021. Along with significant cash for his space exploration company, Blue Origin, he has invested in startups such as Overtime Sports and Wildtype. As part of their divorce settlement, Bezos gave MacKenzie Scott a significant portion of his Amazon stock.
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3. Larry Ellison
Net worth: $158 billion
Age: 79
State: California
Source: Oracle
Larry Ellison’s enormous wealth is primarily derived from his significant stake in Oracle, a well-known American software manufacturer. Holding more than 42% of the company’s stock, Ellison’s wealth remains unmatched. He strategically used collateral from part of his shares, excluding them from the net worth calculation. Ellison’s extravagant lifestyle, including yachts, jets and high-profile investments, relies on income from Oracle sales and dividends, totaling a staggering $12 billion since 2003.
4. Warren Buffett
Net worth: $121 billion
Age: 93
State: Nebraska
Source: Berkshire Hathaway
Warren Buffett, the iconic figure behind Berkshire Hathaway, continues to rule the world of investing. With an impressive 19.8% annual increase in market value since 1965, Berkshire Hathaway boasts ownership of Geico, Clayton Homes, Dairy Queen, and stakes in Coca-Cola and American Express. Most of Buffett’s wealth comes from his interest in Berkshire Hathaway, including Class A and Class B shares.
5. Larry Page
Net worth: $114 billion
Age: 50
State: California
Source: Google
Larry Page, co-founder of Alphabet, the parent company of Google, occupies a prominent place in the tech elite. With Google as the world’s largest search engine operator, Page’s wealth comes largely from his stake in Alphabet. Holding Class B and C shares, totaling about 6% of the company, Page’s influence stretches across Google’s far-reaching empire, which includes Gmail, Android and YouTube.
6. Bill Gates
Net worth: $111 billion
Age: 67
State: Washington
Source: Microsoft
Bill Gates, co-founder of Microsoft, played a key role in shaping the software industry. Microsoft’s remarkable growth, along with Gates’ philanthropic endeavors, cemented his status as a multibillionaire. While his substantial net worth derives from Cascade Investment, Gates’ contributions to eradicating poverty, advancing medical research and promoting educational initiatives remain central to his legacy.
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7. Sergey Brin
Net worth: $110 billion
Age: 50
State: California
Source: Google
Google and Alphabet co-founder Sergey Brin invented the first major search engine. He made a spectacular journey from Russia to the United States, which resulted in the founding of Google and the subsequent development of Alphabet. Being a board member and majority shareholder continues to ensure Brin’s influence on the tech industry.
8. Mark Zuckerberg
Net worth: $106 billion
Age: 39
State: California
Source: Facebook
Mark Zuckerberg, co-founder and CEO of Meta Platforms (formerly Facebook), runs the largest social network in the world. His large stake in Meta Platforms, which is approximately 13%, defines his wealth. Meta Platforms boasts a whopping 3.7 billion monthly active users, including 3 billion on Facebook alone. Zuckerberg’s journey began with Facebook’s historic IPO in 2012, marking a pivotal moment in the tech industry.
9. Steve Ballmer
Net worth: $101 billion
Age: 67
State: Washington
Source: Microsoft
Steve Ballmer, known as the second CEO of Microsoft, after Bill Gates, left an indelible mark on the world of technology. His vast wealth comes mostly from Microsoft, with a whopping 333.3 million shares of Microsoft stock. His philanthropic efforts and unique association with Ford, in honor of his father’s legacy, offer insight into his multifaceted personality.
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10. Michael Bloomberg
Net worth: $96.3 billion
Age: 81
State: New York
Source: Bloomberg LP
Michael Bloomberg, a prominent American politician and entrepreneur, made his fortune through Bloomberg LP, his media company for financial news and information services. As the owner of 88% of the company, Bloomberg has cemented its status as a financial powerhouse. At the same time, his tenure as former mayor of New York adds another layer to his illustrious career.
Intriguingly, Michael Bloomberg’s foray into the 2020 presidential race underscores the multifaceted nature of his legacy, positioning him as a significant figure both politically and entrepreneurially.
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Categories: Trends
Source: HIS Education