Elon Musk, Gautam Adani, Jeff Bezos, Arnault, here are the 7 richest people in the world

Gautam Adani, the Indian tycoon who has climbed the wealth rankings at breakneck speed this year, surpassed Jeff Bezos to become the world’s second-richest person.

Elon Musk | $264b | Adani, who started the year as No. 14 on the Bloomberg Billionaires Index, now has a $146.8 billion fortune that lags behind only Elon Musk’s $263.9 billion

Gautam Adani | $147b | Adani first overtook India’s Mukesh Ambani as the richest Asian person in February, became a centibillionaire in April and surpassed Bill Gates and France’s Bernard Arnault in the past two months.

Jeff Bezos | $147b | Bezos trails Adani by just $19 million as a renewed tech selloff Friday again hammered the fortunes of the richest Americans. The shift in the wealth rankings could be fleeting and depends largely on shares of Amazon.com Inc., which are down 26 per cent this year.

Bernard Arnault | $138b | The net worth of Bernard Arnault, chief of LVMH, plunged by $40.2 billion YTD to $138 billion in September 2022. LVMH is the owner of luxury brands such as Louis Vuitton and Christian Dior. The Arnault family has a 48 per cent stake in LVMH, according to a regulatory filing.

Bill Gates | $112b | Bill Gates has pledged again to give his wealth away, adding that he will eventually ‘drop off’ the world's rich list. The Bill and Melinda Gates Foundation is by some measures the largest private foundation in the world and is best known for its work on global health, including vaccines. It began in its current form in 2000, after Gates left his CEO position at Microsoft, the tech giant he co-founded.

Warren Buffet | $96.2b | Warren Buffet’s networth plunged $12.7 billion year-on-year. The plunge in his net worth is owed to the rout in tech stocks this year that has sunk the fortunes of several of the world's top billionaires, whose net worth are tied to equity in the companies they founded or managed.

Larry Page | $94.7b | Larry Page, the co-founder of Alphabet, the parent company of Google, has lost $33.7 billion year to date. Page stepped down as CEO of Alphabet in December 2019 but remains a board member and a controlling shareholder.