Top 10 List Of World's Richest People Sees Another Shuffling Of Its Ranks

The volatile value of tech stocks reshuffled the ranking of the world's 10 wealthiest people last month.

Tesla CEO and combative X owner Elon Musk maintained his grip on the No. 1 spot with an estimated fortune of $243.7 billion, as more than half of the others swapped places for a second consecutive month, Forbes reported.

Amazon founder Jeff Bezos held onto the No. 2 spot despite seeing his riches decline by $7.8 billion, to $197 billion, as the company's stock price dipped about 2.4%.

LVMH CEO Bernard Arnault, who was the world's richest person from February through May, remained in third place with an estimated net worth of $189.7 billion, up $10.2 billion thanks to a 3% increase in his company's stock price.

But Meta CEO Mark Zuckerberg traded places with Oracle co-founder and chairman Larry Ellison for the No. 4 spot after shares in Facebook's parent company rose 9% in August.

Zuckerberg and Ellison, now ranked fifth, have estimated fortunes of $180.5 billion and $174.7 billion, respectively.

The "Oracle of Omaha," investor Warren Buffett, jumped one spot to No. 6, as Class A shares of his Berkshire Hathaway holding company rose by 8.5%, pushing his net worth to $149.9 billion.

The No. 7 spot was grabbed by Microsoft cofounder Bill Gates, whose wealth increased by an estimated $6.3 billion, to $137.2 billion, and moved him up two spots from No. 9.

A 5% decline in Alphabet shares bumped Google cofounders Larry Page and Sergey Brin down to eighth and ninth place as their respective fortunes fell to $136.1 billion and $130.4 billion.

Former Microsoft CEO and Los Angeles Clippers owner Steve Ballmer held onto the still-enviable position at the bottom of the list with a net worth of $122.5 billion, down $1.5 billion due to a slight dip in Microsoft shares.

Combined, the 10 men were worth a staggering $1.66 trillion, up $31 billion from July.

Forbes' most recent annual list of billionaires, released in April, tallied a record 2,781, of whom 224 each had fortunes of $10 billion or more.