It was a comeback year for the world's wealthiest. The combined net worth of the 500 richest people surged by $1.5 trillion in 2023, fully rebounding from the $1.4 trillion lost the year prior, according to the Bloomberg Billionaires Index. No one did better than Elon Musk, who recaptured the title of world's richest person from French luxury tycoon Bernard Arnault. Rupert MurdochThe 92-year-old News Corp. founder has officially retired, ceding control to his son, Lachlan. The SoftBank Group Corp. founder, 66, is likely to struggle further as deals dry up.

Source: Hindustan Times December 30, 2023 16:49 UTC