American billionaires dominate the list of the world's richest people

 American billionaires dominate the list of the world's richest people

According to Forbes magazine, the net worth of the 10 richest people in the world exceeds the Gross Domestic Product (GDP) of many countries, and their wealth is mainly concentrated in the technology, financial and retail industries.

The US is home to the world's richest people with 724 billionaires. In Forbes' list of the 10 richest people on the planet, the number of US billionaires is "overwhelming" with a ratio of 9/10.

Billionaire Elon Musk is the richest person in the world with a net worth of 240.7 billion USD. He is the CEO (CEO) of several well-known companies, including electric car maker Tesla and space exploration company SpaceX. Billionaire Musk currently owns 23% of Tesla shares. About two-thirds of his fortune is tied to Tesla's success.

Mr. Musk led Tesla to an initial public offering in 2010. Tesla's market capitalization surged in 2020 and 2021, helping him to make it to September's list of the 10 richest people in the world. 2021. The peak was in November 2021, Mr. Musk's fortune skyrocketed to $ 320 billion. In October 2022, Musk made headlines when he bought Twitter for $44 billion.