This Volatile value of tech stocks The ranking of the world’s 10 richest people changed last month.
CEO of Tesla and Warrior X owner Elon Musk maintained its grip on the No. 1 spot with estimated wealth of $243.7 billion, as more than half of the other people swapped positions for the second month in a row, Forbes informed.
Amazon founder Jeff Bezos held on to the No. 2 spot despite his net worth dropping $7.8 billion to $197 billion, while the company’s stock price fell roughly 2.4%.
LVMH CEO Bernard Arnault, who was the world’s richest man from February to May, finished third with an estimated net worth of $189.7 billion, up from $10.2 billion, thanks to a 3% rise in his company’s share price.
But Meta CEO Mark Zuckerberg traded places with Oracle co-founder and chairman Larry Ellison for No. 4 after shares in Facebook’s parent company surged 9% in August.
Zuckerberg and Ellison, now ranked fifth, have net worths of $180.5 billion and $174.7 billion, respectively.
“Oracle of Omaha” investor Warren Buffett jumped one spot to No. 6, as his Berkshire Hathaway Holding Co. Class A shares rose 8.5% to give him a net worth of $149.9 billion.
No. The 7th spot was taken by Microsoft co-founder Bill Gates, whose fortune increased by an estimated $6.3 billion to $137.2 billion, moving up two spots from No. 9.
A 5% drop in Alphabet shares dropped Google co-founders Larry Page and Sergey Brin to eighth and ninth place as their fortunes fell to $136.1 billion and $130.4 billion.
Steve Ballmer, former CEO of Microsoft and owner of the Los Angeles Clippers, is still at the bottom of the list with a net worth of $122.5 billion thanks to a slight drop in Microsoft shares.
Combined, the 10 men were worth $1.66 trillion, up $31 billion from July.
Forbes’ most recent annual list of billionaires, published In April, there were a record 2,781, 224 of which had assets of $10 billion or more each.
Post The top 10 list of the world’s richest people sees another change in his rank appeared first International Business Times.