US boasts the most billionaires, China remains second

Bernard Arnault, head of luxury goods giant LVMH is the world’s richest person, marking the first time a citizen of France leads the ranking. Elon Musk, who falls from No. 1 to No. 2 after his pricey acquisition of Twitter helped sink Tesla shares. According to Rorbes 2023 list, the United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion. India's Mukesh Ambani is the only person who find a place in the list. He is the 13th richest in the world.

The richest sports owner of all is India’s Mukesh Ambani, owner of the Mumbai Indians cricket team. Worth $83.4 billion as of March 10, 2023–when Forbes locked in net worths for the 2023 World’s Billionaires list. #ForbesBillionaires https://t.co/JaRsP9RO2z pic.twitter.com/zYjKyTDUNM

— Forbes (@Forbes) April 5, 2023

Altogether, the planet’s billionaires are now worth $12.2 trillion, a drop of $500 billion from $12.7 trillion in March 2022, Forbes said. Amazon' Jeff Bazos is the third richest person in the world. Bill Gates slides to fifth place.  French heiress Françoise Bettencourt Meyers is the richest woman in the world, with an estimated net worth of $80.5 billion, $5.7 billion more than last year. Bettencourt Meyers ranks as the planet’s 11th wealthiest person overall, up from No. 14 last year. She’s one of just 337 women on the 2023 Forbes World’s Billionaires list, who make up only 13% of the planet’s 2,640 billionaires.