TOP 10 RICH PEOPLE

 

The 10 Richest People in the World.

1. Elon Musk

Elon Musk was born in South Africa and studied at the University of Canada before moving to the University of Pennsylvania, where he earned a bachelor's degree in physics and economics. Two days after enrolling in a degree program in physics at Stanford University, Musk postponed going to launch Zip2, one of the first online navigation services. He also invested part of the profits from this launch to create X.com, an online payment system sold by eBay Inc. (EBAY) and eventually became PayPal Holdings Inc. (PYPL) .10

In 2004, Musk became a major supporter of Tesla Motors (now Tesla), leading to his current position as CEO of the electric car company. and, with its acquisition of SolarCity in 2016, solar systems.12 Musk is also the CEO and chief engineer of Space Exploration Technologies (SpaceX), a developer of space launch rockets.10

By 2020, Tesla's stock had risen 740 percent to move Musk forward to elevate Muck to wealth. In December 2020, Tesla joined the S&P 500, becoming the largest additional company. In January 2021, Musk became the richest man in the world (a title he has held since then) .613

Elon Musk

Photo courtesy of Getty Images / Saul Martinez.

In a tweet of November 6, 2021, Musk asked his Twitter audience if he should sell 10% of his Tesla stock, citing the issue as a response to criticism of big unrealized profits as a way to avoid taxes.14 He continued to sell shares. cost $ 16.4 billion over the remainder of 2021.15

Sen. Elizabeth Warren, Massachusetts Democrat, quoted a media report as saying that Musk did not pay income tax in 2018 to oppose the adoption of the wealth tax. "And if you open your eyes for 2 seconds, you will see that I will pay more taxes than any American in history this year," Musk replied on Twitter.16

As a result of Tesla's stock expansion in 2021 and private transactions that enhance the reported space of SpaceX, Musk's lead in global wealth levels has continued to grow. His total value reached $ 340 billion in November 2021. Musk's total value increased by 60% last year (from Apr. 1, 2022) .2

2. Jeff Bezos

Age: 58

Accommodation: Washington

Founder and Executive Chairman: Amazon (AMZN)

Net Worth: $ 188 billion

Amazon Ownership Stake: 10% ($ 163 billion)

Other Assets: Blue Origin ($ 9.15 billion private stake), Washington Post ($ 250 million private property), and $ 15.6 billion17

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after resigning from his hedge fund job D.E. Shaw.18 He had originally given his former manager David E. Shaw the idea of ​​an online bookstore, which he was not interested in.19

Although Amazon started out selling books, it has since transformed into a one-stop shop for everything under the sun and is undoubtedly the world's largest retailer. Amazon's pattern of continuous diversity is reflected in some of its unexpected extensions, which include acquiring Whole Foods in 2017 and entering the pharmacy business in the same year.2021

Bezos owned about 16% of Amazon in 2019 before transferring 4% to ex-wife MacKenzie Scott as part of the divorce proceedings. By 2020, Amazon's inflation will be 76% higher than the growing demand for online shopping during the COVID-19 epidemic. On July 5, 2021, Bezos stepped down as CEO of an e-commerce giant, becoming its chief executive.1722

Jeff Bezos

Photo courtesy of Getty Images / Alex Wong.

Bezos originally put Amazon in public in 1997 and became the first man since Bill Gates in 1999 to win a net worth of more than $ 100 billion.23.

 Other Bezos projects include the aerospace company Blue Origin, Washington Post (purchased in 2013), and the 10,000-year-old watch also known as Long Now.2425

On July 20, 2021, Bezos, his brother Mark, pilot Wally Funk, and Dutch student Oliver Daemen completed the first successful Blue Origin crew flight, arriving at a height of more than a mile 66 before arrival safely. Bezos' fortune reached $ 211 billion in the same month.172627

3. Bernard Arnault

Age: 73

Accommodation: Paris, France

CEO and Chairman: LVMH (LVMUY)

Net Worth: $ 148 billion

Christian Dior Ownership Stake: 97.5% ($ 120 billion in total)

Other Assets: Moelis & Company equity (22.6 billion public assets), Hermès equity (undisclosed stake), and $ 10.7 billion28

The nation of France Bernard Arnault is the chairman and CEO of LVMH, the world's largest luxury goods company. LVMH owns products that include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora.29

Most of Arnault's assets come from his main stake in Christian Dior SE, a holding company that controls 41.3% of LVMH.30 His shares in Christian Dior SE, and an additional 6.2% in LVMH, are owned by his family-owned company. , Groupe Familial Arnault.28

A trained engineer, Arnault first demonstrated his business acumen while working for his father's construction firm, Ferret-Savinel, who ran the company in 1971. He converted Ferret-Savinel into a real estate company called Férinel Inc. in 1979.31

Bernard Arnault

Photo courtesy of Getty / Christophe Morin.

Arnault remained Férinel's chairman for another six years, until he acquired and reorganized the luxury financier Financière Agache in 1984, eventually selling all his possessions except Christian Dior and Le Bon Marché.32 He was invited to invest in LVMH in 1987 and became the majority. a shareholder, chairman of the board, and CEO of a company two years later.3331

4. Bill Gates

Age: 66

Accommodation: Washington

Highlight: Microsoft Corp. (MSFT)

Net Worth: $ 133 billion

Microsoft Ownership Stake: 1.3% ($ 31.9 billion)

Other Assets: Cascade Investment LLC (59.2 billion public assets), $ 56.9 billion in cash34

While studying at Harvard University in 1975, Bill Gates went to work with his childhood friend Paul Allen to develop a new computer software. Following The success of this project, Gates left Harvard during his junior year and went on to acquire Microsoft and Allen.3536

The world's largest software company, Microsoft also manufactures its own personal computer line, publishes books via Microsoft Press, provides email services through its Exchange server, and sells video game systems and mobile devices. to the position of chairman of the board in 2008. Joined the Berkshire Hathaway board in 2004.40 He stepped down from both boards on March 13, 2020.4142

Bill Gates has a large amount of his money in Cascade Investment LLC. Cascade is a privately owned investment vehicle that holds various shares including the Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investment in real estate and power.34

Bill Gates

Photo courtesy of Getty Images / Jack Taylor.

In 2000, Gates' two charities — the William H. Gates Foundation and the Gates Learning Foundation — merged to form the Bill & Melinda Gates Foundation, co-sponsored by Gates and his ex-wife, Melinda French Gates.4344 Through the Foundation, spent billions to fight polio and nomalaleveva.45 The foundation promised $ 50 million in 2014 to help fight Ebola.46 By 2021, the foundation had spent more than $ 1.9 billion to fight the COVID-19.47 epidemic.

In 2010, in association with Warren Buffett, Bill Gates launched the Giving Pledge, a campaign that encourages the rich to commit themselves to giving most of their wealth to help. billions of equities were transferred to the French Gates.34

5. Warren Buffett

Age: 91

Accommodation: Nebraska

CEO: Berkshire Hathaway (BRK.A)

Net Worth: $ 127 billion

Berkshire Hathaway Ownership Stake: 16% ($ 126 billion)

Other Assets: $ 1.15 billion in cash50

The most famous investor, Warren Buffett filed his first tax return in 1944 at the age of 14, announcing profits through his youth paper route.51 He started buying shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder in 1965. He expanded the company to insurance and other investments in 1967. Berkshire Hathaway is now a $ 705 billion market shareholder, with a single stock share (Class A shares) trading above $ 527,760 as of April 1, 2022.5253

Popularly known as the "Oracle of Omaha," Buffett is an investor who buys and owns a fortune by owning less expensive companies.52 More recently, Berkshire Hathaway has invested in large, well-known companies.54 Its fully managed portfolio. Subsidiary companies include insurance interests, power distribution, and railways and consumer products.55 Buffett is a well-known Bitcoin doubter.56

Warren Buffett

Photo courtesy of Getty Images / Alex Wong.

Buffett has donated most of his wealth to helping people. Between 2006 and 2020, he donated $ 41 billion — mainly to the Bill & Melinda Gates Foundation and charities.57 Buffett presents Giving Pledge alongside Bill Gates in 2010.48

Buffett, 91, is still working as CEO, but in 2021 he revealed who could replace him — Gregory Abel. Abel is the head of Berkshire non-insurance operations.58

6. Larry Page

Age: 48

Accommodation: California

Founder and Board Member: Alphabet (GOOG)

Net Worth: $ 125 billion

Character Identity Stack: 6% ($ 109.6 billion in total)

Other Assets: $ 14.9 billion in cash59

Like a few billion dollars on the list, Larry Page began his career with fame and fortune in a college dorm room. While studying at Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of ​​improving online data extraction. The two developed a new search engine technology they called "Backrub," named after their ability to analyze "supporting links." Since then, Page and Brin continued to acquire Google in 1998, with Page acting as CEO of the company until 2001, and between 2011 and 2019.6061

Google is the leading online search engine, accounting for more than 92% of global search requests.62 In 2006, the company purchased YouTube, the world's largest user-generated video store.63 After acquiring Android, Inc. in 2005, Google released the Android Mobile App in 2008.6465 Google was redesigned in 2015, becoming a subsidiary of Alphabet, a holding company.66

Larry Page

Photo courtesy of Getty Images / Justin Sullivan.

The page was among the first investors for Planet Resources, a space exploration company and space mines. Founded in 2009, the company was acquired by blockchain firm ConsenSys in 2018 amid financial crisis.67 He also expressed interest in "flying car" companies, which invest in both Kitty Hawk and Opener. Google shares increased by almost 50 percent by 2021, removing Page and raising the list of billions. The total value of Page has gone from just under $ 52 billion in March 2020 to the current $ 125 billion.5968.

7. Sergey Brin

Age: 48

Accommodation: California

Founder and Board Member: Alphabet (GOOG)

Net Worth: $ 119 billion

Character Identity Stack: 6% ($ 104.4 billion in total)

Other Assets: $ 15 billion in cash69

Sergey Brin was born in Moscow, Russia, and moved to the U.S. and his family aged 6 years in 1979. After founding Google in partnership with Larry Page in 1998, Brin became Google technology president while Eric Schmidt took over as CEO. in 2001. He held the same position in the Alphabet holding company after its inception in 2015, stepping down in 2019 when Sundar Photosi took over as CEO.7071

In addition to its advanced Internet search engine, Google provides online tools and services known as Google Workspace, including Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Spreadsheets, Google Slides, and more. .72 Google also offers a wide range of electronic devices, including Pixel cell phones, computers, and tablets, Nest's smart home devices, and the Stadia playground.7 Sergey Brin

Photo courtesy of Getty Images / Tim Mosenfelder.

Brin spends most of 2019 focusing on X, Alphabet research laboratory looking at new technologies such as Waymo self-driving cars and Google Glass smart mirrors.74 He also donated millions of dollars to Parkinson's disease research, in partnership with Michael J. Fox Foundation. 75 Brin's wealth has grown by more than 25% in the past year.69

8. Steve Ballmer

Age: 66

Accommodation: Washington

Owner: Los Angeles Clippers

Net Worth: $ 108 billion

Microsoft Ownership Stake: 4% ($ 98.8 billion in total)

Other Assets: Los Angeles Clippers ($ 3.16 billion in private property), $ 5.93 billion in cash76

Steve Ballmer joined Microsoft in 1980 after Bill Gates convinced him to drop out of the Stanford University MBA program. He was a 30-year-old Microsoft employee. Ballmer continued to succeed Gates as CEO of Microsoft in 2000. He held this position until his resignation in 2014. Ballmer oversaw Microsoft's Skype acquisition in 2011 for $ 8.5 billion.77

Ballmer owns about 4% of Microsoft, making him the largest shareholder in the world. In 2014, shortly after stepping down as CEO of Microsoft, Ballmer bought the Los Angeles Clippers basketball team for $ 2 billion.76.

Steve Ballmer

Photo courtesy of Getty Images / Steven Ferdman.

Ballmer lived in the same apartment and on the same floor with Bill Gates while both were studying at Harvard University. The "fraternal" relationship between the two became strained when Ballmer began installing a technology company in hardware, such as the Surface tablet and Windows mobile phone, during his tenure as CEO.78

9. Larry Ellison

Age: 77

Accommodation: Hawaii

Founder, Chairman and CTO: Oracle (ORCL)

Net Worth: $ 103 billion

Oracle ownership stake: 40% ($ 68.4 billion)

Other Property: Tesla equity ($ 16.3 billion public property), $ 17.6 billion and real estate79

Larry Ellison was born in New York City to a 19-year-old single mother. After leaving the University of Chicago in 1966, Ellison moved to California and worked as a computer designer. In 1973 he joined the electronic company Ampex, where he met future partners Ed Oates and Bob Miner. Three years later, Ellison moved to Precision Instruments, serving as vice president of research and development companies.80

In 1977, Ellison founded Software Development Laboratories (SDL) alongside Oates and Miner. Two years later, the company released Oracle, the first commercial database system to use Structured Query Language.80 The database system became so popular that SDL would change its name to Oracle Systems Corporation in 1982. Ellison resigned as CEO at Oracle 2014 after 37 years. He joined the Tesla board in December 2018.81

Oracle is the world's largest software company, providing many cloud computing and Java and Linux code and Oracle Exadata computing platform.828384 Oracle acquired a number of large companies, including PeopleSoft's human resource management software providers in 2005 , Siebel customer service management software provider in 2006, BEA Systems enterprise software software provider in 2008, and Hardware-and software developer Sun Microsystems in 2009.85 In December 2021, Oracle agreed to purchase a software provider of medical records Cerner Corp. (CERN) for $ 28.3 billion in cash.86

Larry Ellison

Photo courtesy of Getty Images / Phillip Faraone.

Ellison, who has long been known for his hard-earned money, has invested heavily in luxury retailers over the past decade. Perhaps one of his most impressive purchases was a $ 300 million purchase for almost the entire Hawaiian island of Lanai in 2012, where billionaire has been living since 2020.81 Ellison built a hydroponics farm and a luxury spa on the island.87

Ellison focuses on her help in medical research. In 2016, she donated $ 200 million to the University of Southern California to acquire a new cancer research center.88 Ellison supported the Oracle Team USA sailors, who won a series of races for the America's Cup in 2010 and 2013.89.

10. Gautam Adani

Age: 59

Accommodation: Gurgaon, India

Founder and Chair: Adani Group

Net Worth: $ 100 billion

Adani Enterprises, Power. and Transfer Ownership Statistics: 75% each ($ 51.3 billion)

Other Assets: 65% of Adani Green Energy (23.4 billion public assets), 61% of Adani Green Energy ($ 24.3 billion public assets), 37% of Adani Total Gas ( public property ($ 12.2 billion) 90

Gautam Adani, founder of Adani Group, surpassed Mukesh Ambani in March 2022 as the richest man in Asia. Adani, through the ownership of Adani Group, owns a majority stake in six major Indian companies, including 75% of shares in Adani Enterprises, Adani Power, and Adani Transmissions, and 65% of shares in Adani Ports & Special Economic Zone, 61. Percentage of shares of Adani Green Energy, and 37% of shares of Adani Total Gas.90 The combined market value of the companies owned by Adani Group is $ 179 billion (effective April 1, 2022). Adani entered the power generation market in 2009 with Adani Power. Adani founded Adani Enterprises in 1988 to import and export goods. In 1994, his company was granted permission to develop the port area of ​​Mundra Port, now India's largest independent port.9190

Adani dropped out of school and worked in the diamond trade. Now, Adani owns a large port machinery, a nearby hot coal producer, and a coal trader in India. In 2020, he bought 74% of the shares in India's second busiest airport, Mumbai International Airport. The millionaire was abducted and held for ransom in 1997. Adani was also at a Mumbai's Taj hotel during the 2008.9290 terrorist attack

Bottom Line

If you want to get a little closer to making the most billion dollar estimates, you may need to become a technology innovator or a luxury retailer. Or you can keep it simple and focus on investing. It would also not be painful for you to be born rich. However, the big fortunes on this listing started out as good ideas that smart people, drivers, and affiliates used to build some of the world's largest companies.