ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Jeff Bezos, who is included in the list of the fourth richest person in the world with a net worth of $114 billion, is currently the founder of Amazon. Similarly, Bill Gates, who is the owner of $ 107 billion, comes at number five in the list of World Richest Man 2023.

Detailed explanation-2: -1. Bernard Arnault & family. Bernard Arnault is the CEO and Chair of LVMH (Moët Hennessy Louis Vuitton) and his net worth is $212.4 billion, he overtook Elon Musk as the world’s richest man in 2022.

Detailed explanation-3: -Elon Musk becomes world’s richest person again Musk’s net worth now stands as USD 187 billion. At the beginning of the year, the Twitter owner’s net worth was USD 137 billion. Elon Musk has been the world’s richest person since September 2021. Before him, Amazon founder Jeff Bezos held the spot.

Detailed explanation-4: -He is the founder, executive chairman, and former president and CEO of Amazon. With a net worth of US$128 billion as of February 2023, Bezos is the third-wealthiest person in the world and was the wealthiest from 2017 to 2021 according to both Bloomberg’s Billionaires Index and Forbes.