10 Richest People in the World
List of the 10 richest people in the world
Elon Musk - $195 billion
Jeff Bezos - $185 billion
Bill Gates - $132 billion
Bernard Arnault -$110 Billion
Mark Zuckerberg - $100 billion
Warren Buffett - $85.2 billion
Larry Page - $83.6 billion
Larry Ellison - $79.7 billion
Steve Ballmer - $79.1 billion
Sergey Brin - $78.8 billion
Who Are The Richest People in the World Today?
1. Elon Musk - $195 billion
|Photo: Business - Insider|
Elon Musk, the co-founder of the world s largest EV manufacturing company – Tesla Inc., has surpassed Bill Gates to become the 2nd in the list of top richest people in the world. With his net worth solely growing from Tesla’s shares, there is no way anyone can beat him in this race. As per his prediction, the Tesla share crossed the $500 billion mark, which is the reason for his enormous growth. Well, many consider him the Tony Stark of the billionaires.
- Elon Musk is working to revolutionize transportation both on Earth, through electric car maker Tesla - and in space, via rocket producer SpaceX.
- He owns 21% of Tesla but has pledged more than half his stake as collateral for loans; Forbes has discounted his stake to take the loans into account.
- He stepped down as chairman in 2018, after making alleged "false statements" about a plan to take Tesla private, triggering an SEC probe.
- SpaceX, Musk's rocket company, is now valued at $74 billion after its latest funding round in February 2021.
- He grew up in South Africa, then immigrated to Canada at age 17. He landed in the U.S. as a transfer student to the University of Pennsylvania.
2. Jeff Bezos -$185 billion
Jeff Bezos, as of Jan 2021, is on the top when it comes to the world s richest people in the world. He is the co-founder of Amazon.com, which now has several subsidiaries all across the globe. His net worth is in billion and, therefore, tough for many to match. Unbelievably, Jeff Bezos’ net worth grew $72.4 billion during the last year and continues to do so without taking a halt.
- Quit his job in finance in 1994 to launch an online bookstore
- Wrote the Amazon business plan in the car as he drove across country
- Net worth topped $12b the day Amazon went public in 1998
- Net worth sank to $2 billion after the dotcom bubble burst
- Net worth topped $50b for the first time in 2015
- Net worth topped $100b for the first time in 2018
- Owns $1b worth of Google thanks to a pre-ipo investment
- Was worth $136b the day he and wife MacKenzie announced their separation
- MacKenzie received 20m shares of Amazon and is now the richest woman in the world
- Had they never divorced, Jeff's net worth would easily top $250b
- Owns The Washington Post
- Owns $300m worth of property in Beverly Hills
- Owns $60m worth of property in Washington
- Has sold at least $70b worth of Amazon shares to date
- Sells $1b per year to fund space company Blue Origin
3. Bill Gates - $132 billion
|Photo: The Africa Report|
Bill Gates is the founder of Microsoft and was the richest man globally for several years running.
Gates founded Microsoft in 1975 with Paul Allen and has since become the largest PC software company worldwide.
Gates’ net worth has been pretty stagnant since he reached the $100 billion mark.
Gates has made some lavish purchases over the years, including a Washington estate worth $125 million, a private airplane, and a luxury-car collection. More recently, he dropped $43 million on a 5,800-square-foot home in Del Mar, California. But these indulgences make up only a fraction of his massive fortune, and Gates isn't known to throw his money around.
In fact, Gates and his wife, Melinda, previously said it's unfair they're so rich. Instead of spending billions on themselves, they often donate it to charity through the Bill & Melinda Gates Foundation. They've also pledged to give away most of their fortune through the Giving Pledge, which they launched in 2010.
4. Bernard Arnault -$110 Billion
|Photo: European Leaders|
Bernard Arnault is the CEO of LVMH (Louis Vuitton Moet Hennessey).
Ultimately, the company was formed by merging the two businesses. Louis Vuitton is a very successful luxury fashion brand, and Moet Hennessey is the merged champagne and cognac manufacturers.
Bernard has been making serious movements up this list in the past year. In fact, at the beginning of 2017, he was at 14th.
Bernard Arnault Net Worth Details: Arnault made most of his fortune from Christian Dior, which his family holds a 73 percent stake in. Christian Dior is a 41 percent owner in the world's largest luxury goods company, LVMH, which the Arnault family owns a 5.7 percent direct stake in.
He also owns 8.4 percent of Hermes and shares in Carrefour. In 2009 he sold his stake in the winery Cheval Blanc to LVMH for 238 million euros. LVMH had revenue of $41.6 billion in 2016. In June of 2019, Bernard Arnault's net worth topped $100 billion for the first time. At that point, he was the third-richest person on the planet.
In July 2019, his net worth topped $108 billion which placed him as the second-richest person on the planet, roughly $400 million ahead of Bill Gates. From January to December 2019, Bernard Arnault's net worth increased by $36 billion.
Other Investments: Besides LVMH, Arnault has his fingers in a lot of other pies. Between 1998 and 2001, through his holding company Europatweb, he invested in several web companies, including Boo.com, Libertysurg, and Zebank. Through his investment firm Groupe Arnault he invested in Netflix in 1999. It was announced in 2007 that Arnault, along with the California property firm Colony Capital, owns 10.69% of Carrefour. Carrefour is France's largest supermarket retailer, and the second-largest food distributor in the world. Additionally, he has involved himself in the yacht business. In 2008, he spent €253 million euros to buy Princess Yachts. Then, he gained control of Royal van Lent for nearly the same amount of money.
Art Collection: Arnault isn't just all business, though – he is known for his keen interest in art collecting for instance. Through LVMH, Arnault has sponsored artistic exhibitions in France featuring such globally renowned artists as abstract painter Pablo Picasso and Pop Art pioneer Andy Warhol.
Personal Life: In 1973, Arnault married Anne Dewavrin; they separated in 1990. Together, they share two children. In 1990, he married Canadian concert pianist Hélène Mercier. They have three children together. In 2019, following the devastating fire that damaged the historic Notre Dame Cathedral in Paris, France, Arnault and his family pledged €200 million euros to help with repair and restoration efforts.
5. Mark Zuckerberg - $100 billion
We all know Mark Zuckerberg as the founder of Facebook. Facebook has become the most popular and most valuable social media company in the world. And it all started in Mark’s dorm room at Harvard University.
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Mark Zuckerberg has regained the significant net worth loss he suffered after the Cambridge Analytica data scandal and various other issues causing the Facebook stock prices to fall.
- Facebook, the social network Zuckerberg runs, has become a go-to communications tool during the coronavirus pandemic lockdown.
- More than 1,000 advertisers joined the boycott in June to protest Facebook's lax policing of hate speech and misleading posts from politicians.
- Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates.
- He took Facebook public in May 2012 and still owns about 15% of the stock.
- In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Facebook stake over their lifetimes.
6. Warren Buffett - $85.2 billion
Warren Buffet, the chairman of Berkshire Hathaway, is the classiest person that one can come across. His investment strategy is out of the box. With most of his wealth from the stock market, there is always something new to learn about the person.
Warren Buffett understood the importance of investing at a very tender age and made his first 2 billion net worth in a very short span. Currently, he is the largest shareholder of Coca-Cola Inc. and has a major investment in American Airlines, United, Southwest, and Delta. Apart from it, Warren Buffet and Bill Gates have been great friends for a long time.
The legendary American investor was worth $100 billion on March 2021, according to the Bloomberg Billionaire's Index. That puts him in the company of just five other men above that threshold. And he's now the sixth richest person in the world, ranking just behind Facebook (FB) CEO Mark Zuckerberg.
The 90-year-old Buffett has added nearly $13 billion to his net worth this year as shares in his industrial and insurance conglomerate have surged. Berkshire Hathaway (BRKA) is up nearly 15% in 2021, giving the company a market capitalization of more than $600 billion.
7. Larry Page - $83.6 billion
Larry, along with his partner, had an aim to make Google Inc., the biggest company in this world. Well, he succeeded in the same but had to leave his position to take care of his life. He is the co-founder of the holding company for Google, i.e., Alphabet. Larry stepped down from his position in December 2019. His innovative idea is one of the main reasons why he is one of the richest persons in this world.
Larry Page Net Worth Summary: Larry Page's net worth is $97 billion thanks to his roughly 6% stake in Alphabet. With super-voting shares, Larry and Sergey control 51% of the company's voting rights. Larry has sold about $9 billion worth of shares of Alphabet and Google since its IPO in 2004. Page owns Class A, Class B, and Class C shares of Alphabet, including 20 million shares of Class C Alphabet stock. Larry's family foundation, the Carl Victor Page Memorial Fund controls more than $1 billion worth of assets that have been donated by Larry.
8. Larry Ellison - $79.7 billion
|Photo: The New York Times|
Larry Ellison is the co-founder of the Oracle Corporation, and he was also the company’s CEO until September 2014.
Over the years, Oracle has become an incredibly successful tech company, now being 39 years old and employing over 136,000 people.
Larry Ellison Net Worth details: Today Ellison owns 22% of Oracle and has a net worth that tops $70 billion. He has pledged 315 million of his shares as collateral against lines of credit and personal debt. Since 2003 he has earned around $9 billion from Oracle stock sales and dividends.
Homes and Real Estate: Larry's real estate portfolio includes properties around the globe including homes in Hawaii, Japan, Malibu, Lake Tahoe, San Francisco, and Rhode Island. His primary residence is 45-acre estate in Woodside, California that is likely worth at least $200 million. The mansion is modeled after a 16th century Japanese estate. It spans 45-acres and features a main house, a two-bedroom guest house, three cottages, a barn converted to a gym and a 3-acre man-made lake that features two waterfalls. After the local township assessed his property at a value of $173 million and handed Ellison the tax bill, he challenged the value and won, receiving a 60% tax cut on his "$70 million" property.
Between 2004 and 2005 Larry spent $180 million to acquire 12 properties in Malibu, California. He spent $65 million on five contiguous properties on Malibu's ultra-exclusive Carbon Beach. In 2010 he spent $10.5 million to acquire the Astor family mansion in Newport, Rhode Island. In 2011 her spent $43 million to buy the 249-acre Porcupine Creek Estate golf course in Ranch Mirage, California.
Planes: For many years Larry traveled the globe on a Gulfstream V. At some point he upgraded to a $75 million Gulfstream G650. In 2013 he bought an airline called Island Air to help bring guests to Lanai. He also owns two military fighter jets, a decommissioned Soviet MiG-29 and an SIAI-Marchetti S.211. He is not allowed to fly the Mig-29 in the United States because the US government considers the plane a weapon of war.
9. Steve Ballmer - $79.1 billion
Steve Ballmer is the current owner of the NBA’s Los Angeles Clippers, and he is also the former CEO of Microsoft. Being a basketball fan, he owns the Los Angeles Clippers basketball team, which he invested in 2014. He bought the team for an amount of $2 billion and has loved it since that day.
Ballmer oversaw massive growth in Microsoft’s profits during his tenure and is credited with guiding the development of key business ventures, such as the Xbox video game platform and the company’s acquisition of Skype. At the same time, Ballmer drew criticism for falling behind rivals such as Apple on key technologies, such as smartphones.
He retired as Microsoft CEO in 2014 and stepped down from the company’s board of directors later that year. Ballmer remains the company’s largest individual shareholder.
Ballmer entered the NBA’s ownership ranks just months after his retirement from Microsoft. He paid a then-record $2 billion to buy the Clippers from previous owner Donald Sterling, who was forced to sell the franchise after he was caught on tape making racist remarks.
Under Ballmer’s watch, the Clippers became an NBA title contender. The franchise acquired superstars Kawhi Leonard and Paul George during the 2019 offseason.
The Clippers are in the process of building a new privately funded arena in Inglewood, California.
10. Sergey Brin - $78.8 billion
|Photo: Business - Insider|
The last one on our list of the top richest people in the world is Sergey Brin. He is the person who helped Larry Page form the ultimate software company, Alphabet. He recently stepped down from the position of President of Alphabet in the year 2019. Now, he is known for his wealth and his position as a board member for the company.
Net Worth Details: Sergey Brin is perennially ranked as one of the richest and most powerful people on the planet. As of this writing, Sergey Brin owns roughly 6% of Alphabet, the parent company of Google among other businesses. since the company's IPO in 2004He has sold about $9 billion worth of shares of both Alphabet and Google. Brin owns Class B and Class C shares of Alphabet, including 19 million shares of Class C Alphabet stock. Google handles more than 3.5 billion daily searches and generates more than $130 billion in annual revenue.
Between 2012 and 2019 alone, Sergey's net worth rose from $12 billion to a peak of $60 billion. He holds equity stakes in electric car company Tesla and 23andMe. Larry and Sergey led a $40 million investment round in Tesla back in 2006. Brin was the fourth person to receive a Tesla Model X Crossover SUV.
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