Forbes: World’s 10 Richest Lose $368bn in July as Billionaire Rankings Shift

The combined fortunes of the world’s 10 richest individuals shrank by $368 billion in July, reflecting a turbulent month for global equity markets and the businesses that underpin their vast wealth.

While some billionaires managed to post gains, several of the world’s wealthiest people recorded steep declines, leading to notable shifts in the rankings as of August 1, according to Forbes.

1. Elon Musk — $690 billion
Source of wealth: SpaceX, Tesla

Elon Musk is the founder and CEO of SpaceX, the private aerospace company behind reusable rockets and commercial space missions. He also leads Tesla, one of the world’s largest electric vehicle manufacturers, while maintaining investments in artificial intelligence, infrastructure and technology companies.

2. Larry Page — $292 billion
Source of wealth: Google

Larry Page co-founded Google alongside Sergey Brin, helping build it into the world’s leading search engine. He remains a major shareholder in Alphabet, Google’s parent company, and continues to invest in artificial intelligence and advanced technology projects.

3. Jeff Bezos — $278 billion
Source of wealth: Amazon

Jeff Bezos founded Amazon, the world’s largest e-commerce company and a global leader in cloud computing through Amazon Web Services (AWS). He also owns aerospace company Blue Origin and has investments in media and technology.

4. Sergey Brin — $269 billion
Source of wealth: Google

Sergey Brin co-founded Google with Larry Page and played a central role in developing the company’s search technology. He continues to hold a significant stake in Alphabet while supporting innovation in artificial intelligence and scientific research.

5. Michael Dell — $229 billion
Source of wealth: Dell Technologies

Michael Dell is the founder and CEO of Dell Technologies, a multinational company that produces personal computers, enterprise software, data storage systems and IT infrastructure solutions for businesses worldwide.

6. Mark Zuckerberg — $191 billion
Source of wealth: Meta

Mark Zuckerberg co-founded Facebook and serves as CEO of Meta Platforms, the company behind Facebook, Instagram, WhatsApp and Threads. Meta is also one of the world’s biggest investors in artificial intelligence and virtual reality.

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7. Jensen Huang — $174 billion
Source of wealth: Nvidia

Jensen Huang is the co-founder and CEO of Nvidia, the semiconductor company whose graphics processors power artificial intelligence, gaming, autonomous vehicles, robotics and data centres around the world.

8. Larry Ellison — $168 billion
Source of wealth: Oracle

Larry Ellison co-founded Oracle, a global technology company that develops database software, cloud computing services and enterprise business solutions used by governments and corporations worldwide.

9. Bernard Arnault — $146 billion
Source of wealth: LVMH

Bernard Arnault is the chairman and CEO of LVMH, the world’s largest luxury goods company. The group owns premium brands including Louis Vuitton, Dior, Tiffany & Co., Bulgari, Moët & Chandon and Hennessy.

10. Warren Buffett — $145 billion
Source of wealth: Berkshire Hathaway

Warren Buffett is the chairman and CEO of Berkshire Hathaway, a multinational investment company with holdings across insurance, energy, railroads, manufacturing, banking and consumer products. He is widely regarded as one of history’s greatest investors.