With a fortune of $197 billion, Tesla founder Elon Musk became the richest man in the world for the first time, according the latest Hurun Global Rich List.

Amazon's founder Jeff Bezos, last year's richest man, ranked second with $189 billion, followed by "Luxury King" LVMH CEO Bernard Arnault ($114 billion) and Bill Gates ($110 billion).

Zhong Shanshan, founder of Chinese bottled water giant Nongfu Spring, became the first Chinese to break into the Hurun Global Rich List top 10 with a personal fortune of $85 billion, ranking seventh in the world and first in China.

Let's take a look at the people ranked at the top 10 of the world's billionaires list.

No 9(tie) Bertrand Puech and family     Wealth: $80 billion

Hermes CEO Bertrand Puech. [Photo/wordpress.com]

No 9(tie) Steve Ballmer     Wealth: $80 billion

Steve Ballmer, former CEO of Microsoft and owner of the Los Angeles Clippers, watches his team play the Dallas Mavericks at Staples Center on December 27, 2020 in Los Angeles, California. [Photo/Agencies]

No 8 Mukesh Ambani     Wealth: $83 billion

Mukesh Ambani, chairman and managing director of Reliance Industries, attends a convocation at the Pandit Deendayal Petroleum University in Gandhinagar, India, September 23, 2017. [Photo/Agencies]

No 7 Zhong Shanshan     Wealth: $85 billion

Zhong Shanshan, founder of Chinese bottled water giant Nongfu Spring. [Photo/IC]

No 6 Warren Buffett     Wealth: $91 billion

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. [Photo/Agencies]

No 5 Mark Zuckerberg      Wealth: $101 billion

Facebook chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany on Feb 15, 2020. [Photo/Agencies]

No 4 Bill Gates      Wealth: $110 billion

Bill Gates, Co-Chair of Bill & Melinda Gates Foundation, attends a conversation at the 2019 New Economy Forum in Beijing, November 21, 2019. [Photo/Agencies]

No 3 Bernard Arnault      Wealth: $114 billion

LVMH luxury group Chief Executive Bernard Arnault announces their 2019 results in Paris, France, January 28, 2020. [Photo/Agencies]

No 2 Jeff Bezos      Wealth: $189 billion

Jeff Bezos, president of Amazon and owner of The Washington Post, speaks at the Economic Club of Washington DC's "Milestone Celebration Dinner" in Washington, September 13, 2018. [Photo/Agencies]

No 1 Elon Musk       Wealth: $197 billion

Tesla CEO Elon Musk gestures after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. [Photo/Agencies]