Forbes released the 2023 Billionaires List, and Bernard Arnault of luxury goods giant LVMH became the new richest man in the world.
Elon Musk lost his title as the world’s richest man after his high-priced acquisition of Twitter, while Binance CEO CZ dropped sharply to 167th from 19th last year.
FTX co-founders SBF and Gary Wang also fell off the list. Previously, Alex Atallah, founder of NFT market OpenSea, suffered a rapid decline in assets due to the bursting of the market bubble.