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The world's richest person saw their wealth jump by $53 billion in the past year.

The world's richest person saw their wealth jump by $53 billion in the past year.

According to CNN, the two had been trading places on the outlets daily Real-Time Billionaires list over the past few months.

Forbes released their Billionaire 2023 list on Tuesday, which saw the Tesla CEO loose his top spot to Bernard Arnault, who oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.

The 25 richest people in the world are worth a collective USD 2.1 trillion, according to Forbes' World's Billionaires list, down a combined USD 200 billion from USD 2.3 trillion in 2022.

Ranks at No. 9 on the world billionaire list

"Adani was the world's third-richest person on January 24, when he was worth nearly USD 126 billion. A report issued by US short-seller Hindenburg Research later that day, however, sent his companies' shares plummeting," Forbes said

With a net worth of $83.4 billion, Ambani, 65, was ranked at number 9 on the world billionaire list.

Jeff Bezos and Elon Musk reportedly both saw their net worths decrease by tens of billions of dollars, causing their rankings on Forbes' yearly list of the world's richest to slide in 2023.

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