EACH year Forbes magazine releases a list of the wealthiest people in the world.
Towards the end of the calendar year the publication details the goings-on in the financial world, revealing who has risen to – or dropped from – the coveted top spot.
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Who is the richest man in the world?
In October 2023 it was confirmed that luxury brand tycoon Bernard Arnault – who owns 70 brands including Louis Vuitton and Sephora – is the richest man in the world.
He overtook last year’s winner, Tesla founder Elon Musk.
In 2022 Musk, who owns X, formerly known as Twitter, took the title from Amazon executive chairman Jeff Bezos.
Musk is now second on the list with a fortune of $180billion, while Bezos is sitting at third with $114billion.
Who was top of the Forbes rich list for 2023?
Forbes magazine regularly updates its list of the top richest celebrities.
Here is a look at the top five richest people in the world for 2023:
1. Bernard Arnault

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Bernard Arnault is the chairman of…
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