Global business desk — The latest data from the Bloomberg Billionaires Index has recorded a historic milestone: for the first time since the index launched in 2012, all top 10 richest people in the world are American citizens. The unprecedented shift follows a notable decline in the wealth of Bernard Arnault, chairman of French luxury giant LVMH, who has dropped out of the global top 10.
World’s Top 10 Billionaires (Latest Bloomberg Ranking)
- 1. Elon Musk – USD 918.8 billion | Tesla, SpaceX, X
- 2. Larry Page – USD 286.0 billion | Alphabet (Google)
- 3. Jeff Bezos – USD 274.0 billion | Amazon
- 4. Sergey Brin – USD 266.0 billion | Alphabet (Google)
- 5. Michael Dell – USD 245.0 billion | Dell Technologies
- 6. Mark Zuckerberg – USD 229.0 billion | Meta
- 7. Larry Ellison – USD 208.0 billion | Oracle
- 8. Jensen Huang – USD 181.0 billion | NVIDIA
- 9. Steve Ballmer – USD 172.0 billion | Former Microsoft CEO
- 10. Warren Buffett – USD 144.0 billion | Berkshire Hathaway
For years, Bernard Arnault consistently secured a top-three position and stood as the most prominent non-American billionaire within the global top tier. This year, his net worth has fallen by approximately USD 65 billion, sliding to USD 143 billion. The downturn stems from weakening global demand for luxury goods and a correction in LVMH’s share price. Arnault now ranks 11th globally, overtaken by Warren Buffett, leaving no non-American entrepreneurs in the world’s top 10.
A striking feature of the new ranking is its strong technology dominance. Nine out of the top 10 billionaires derive their wealth from the tech sector, with Warren Buffett the only exception representing traditional value investment. The reshuffle underscores how U.S. equities driven by artificial intelligence, semiconductor innovation, cloud computing and internet platforms have continued to expand the fortunes of America’s elite investors and founders.
Booming AI momentum has lifted market valuations of leading tech firms including NVIDIA, Meta and Alphabet. Elon Musk maintains an overwhelming lead at the top of the list, with a wealth gap of hundreds of billions of U.S. dollars over the second-place holder.
Market analysts note that the restructuring of the billionaire ranking signals a further concentration of the world’s ultra-high net worth wealth within the U.S. technology industry. Over the past decade, European luxury conglomerates and Asian entrepreneurs regularly held positions in the global top 10, but have now been completely edged out.
It is highlighted that billionaire net worths are calculated based on real-time market valuations and remain highly volatile amid stock market fluctuations. The all-American top-10 structure may not be sustained in the long term.
Disclaimer: All net worth figures are real-time estimates from Bloomberg and subject to market changes. The data is for reference only and does not constitute any investment advice.