ARIZONA NEWS

Here are the 12 richest people in Arizona in 2023, according to Forbes

May 26, 2023, 4:25 AM | Updated: May 29, 2023, 1:00 pm

PHOENIX — Arizona once again had double-digit representatives in Forbes’ annual list of world billionaires and this time, a new richest person.

Mat Ishbia, the new owner of the Phoenix Suns and Mercury, topped the list for the Grand Canyon State with a net worth of $5.4 billion.

In total, Arizona had 12 individuals make the list of 2,640 billionaires.

Their combined net worth was $36.3 billion, the same total as the previous year.

France’s Bernard Arnault and family, which oversees the LVMH empire of 75 fashion and cosmetics brands such as Louis Vuitton and Sephora, jumped into the top spot with a fortune of $211 billion.

The Arnault family dethroned Tesla’s Elon Musk, who had held the title of world’s richest person last year.

The nearly 2,700 billionaires combined were worth $12.2 trillion, $500 billion less than in 2022.

Click through the slideshow above to see the list of Arizona billionaires for 2023.

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Here are the 12 richest people in Arizona in 2023, according to Forbes