The rich have gotten richer in 2023 and Elon Musk is once again the richest person in the world after briefly being passed in 2022 and a portion of 2023.

Here's a look at how much the top ten billionaires are currently worth and how their wealth has increased in 2023.

What Happened: Elon Musk was passed by LVMH CEO Bernard Arnault for the title of the richest person in the world briefly in 2022 and 2023 before the Tesla Inc (NASDAQ:TSLA) CEO reclaimed the title in May 2023.

So far this year, the top 10 richest people in the world have all gotten richer thanks to a surge in stock prices. The SPDR S&P 500 ETF Trust (NYSE:SPY), which tracks the S&P 500 Index, is up 19% year-to-date and the stocks associated with the 10 wealthiest people in the world are all up on the year.

Here's a look at the 10 richest people (as reported by Bloomberg) in the world and how much their wealth has increased in 2023.

1. Elon Musk: $220 billion, +$82.8 billion
2. Bernard Arnault: $172 billion, +$10.3 billion
3. Jeff Bezos: $170 billion, +$63.1 billion
4. Bill Gates: $134 billion, +$24.3 billion
5. Larry Ellison: $131 billion, +$38.9 billion
6. Steve Ballmer: $130 billion, +$44.2 billion
7. Mark Zuckerberg: $123 billion, +$77.5 billion
8. Larry Page: $123 billion, +$40.0 billion
9. Warren Buffett: $121 billion, +$13.4 billion
10. Sergey Brin: $117 billion, +$37.3 billion

Together, the 10 richest people in the world are worth a combined $1.44 trillion, or nearly the market capitalization of Amazon.com Inc (NASDAQ:AMZN).

Related Link: 52 Facts And Figures About Billionaire Elon Musk

Why It's Important: The 10 billionaires have added $431.8 billion to their wealth in 2023 to date, for an average gain of $43.2 billion. This gain of wealth for the 10 individuals is more than the entire market capitalization of retail giant Walmart Inc (NYSE:WMT), which is valued at $420 billion, or the entire market capitalization of oil giant ExxonMobil Corp (NYSE:XOM).

The surge in wealth comes with the stock market rebounding from 2022. A look at the Bloomberg Billionaires Index reveals that the top 18 people on the list have all added to their wealth in 2023.

Musk's wealth has increased thanks to a rise in the valuation of electric vehicle company Tesla, which has shares up 124% year-to-date in 2023.

Arnault ranks second on the list, but his $10.3 billion gained is the smallest of the ten richest individuals and comes with LVMH (OTC:LVMUY) (OTC:LVMHF) shares up only 4% year-to-date.

Bezos ranks third on the list and is nearing second place. The Amazon founder has posted the third-biggest gain year-to-date of the 10 richest individuals, which comes with Amazon stock up 67% year-to-date.

The 55% year-to-date rise in Microsoft Corporation (NASDAQ:MSFT) shares has helped both co-founder Gates and former CEO Ballmer, who are up $24.3 billion and $44.2 billion respectively.

Ellison has moved up the top 10 list in 2023 with shares of Oracle Corporation (NYSE:ORCL) up 39% year-to-date.

Outside of Musk, the biggest gainer on the top ten list is Meta Platforms (NASDAQ:META) co-founder and CEO Zuckerberg. A rise of 171% in the price of Meta's stock has helped him add $77.5 billion to his wealth in 2023.

Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) co-founders Page and Brin have added $40.0 billion and $37.3 billion respectively to their wealth, with Alphabet shares up 59% year-to-date.

Legendary investor Buffett ranks ninth on the list, gaining $13.4 billion in 2023. The move comes with Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) shares up 17% year-to-date in 2023.

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