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Elon Musk no longer world’s richest person

Forbes has released the 2023 billionaires list, with some surprising mentions.

Elon Musk.
Elon Musk has been replaced as the richest person in the world. (Source: AAP)

Elon Musk is no longer the world’s richest person, after being replaced by French luxury goods tycoon Bernard Arnault.

This is the first time Arnault has topped the list, with a net worth of $211 billion, according to Forbes.

Arnault heads LVMH, which owns Louis Vuitton, Christian Dior and Tiffany $ Co, among others and, despite a cost-of-living crisis plaguing the rest of the world, Arnault added $53 billion to his fortune over the past 12 months.

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Coming in second on the list, with $180 billion, is Elon Musk. Forbes said Musk essentially “tweeted himself out of the top spot”, with stock in his other company Tesla plummeting nearly 50 per cent since he took over the social media platform last year.

In third position is Jeff Bezos, with $114 billion to his name. The former Amazon CEO has been dedicating his time to space travel with his company Blue Origin. Forbes reported Bezos had lost around $57 billion over the past year - the biggest decline for any billionaire - due to a 38 per cent decline in Amazon stock.

Fourth on the list is Larry Ellison, with a net worth of $107 billion. Ellison is the chairman and former CEO of computer technology company Oracle.

In fifth place is 92-year old Warren Buffet, with a net worth of $106 billion. Following closely behind with $104 billion was Bill Gates, and Michael Bloomberg with $94.5 billion.

No Australian made it onto the list. The richest Aussie is mining magnate Gina Rinehart, with $30.6 billion to her name.

Here are the top 25 billionaires in the world:

  1. Bernard Arnault and family - $211 billion

  2. Elon Musk - $180 billion

  3. Jeff Bezos - $114 billion

  4. Larry Ellison - $107 billion

  5. Warren Buffett - $106 billion

  6. Bill Gates - $104 billion

  7. Michael Bloomberg - $94.5 billion

  8. Carlos Slim Helú and family - $93 billion

  9. Mukesh Ambani - $83.4 billion

  10. Steve Ballmer - 80.7 billion

  11. Françoise Bettencourt Meyers and family - $80.5 billion

  12. Larry Page - $79.2 billion

  13. Amancio Ortega - $77.3 billion

  14. Sergey Brin - $76 billion

  15. Zhong Shanshan - $68 billion

  16. Mark Zuckerberg - $64.4 billion

  17. Charles Koch - $59 billion

  18. Julia Koch and family - $59 billion

  19. Jim Walton - 58.8 billion

  20. Rob Walton - $57.6 billion

  21. Alice Walton - $56.7 billion

  22. David Thomson and family - $54.4 billion

  23. Michael Dell - $50.1 billion

  24. Gautam Adani - $47.2 billion

  25. Phil Knight and family - $45.1 billion

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