How Many Billionaires Are There in the World?
|The richest billionaires in the world in 2020. Photo: Jagran Josh|
1. Jeff Bezos
Centi-billionaire Jeff Bezos maintains the top spot on this year’s ranking, for the third consecutive year, despite his net worth plunging by $18 billion. The Amazon CEO is valued at $113 billion, down from $131 billion last year. The decrease in his net worth is primarily due to his recent divorce, according to Vietnamtimes.
2. Bill Gates
A permanent fixture at the top end of rich list for the past 20 years, the Microsoft founder has sold or given away much of his stake in the company – he owns just 1% of Microsoft – and now focuses predominantly on his philanthropic work.
3. Mark Zuckerberg
Zuckerberg famously started Facebook in 2004 at the age of 19 and now is among the top five richest men in the world, as saib by The Week.
4. Bernard Arnault & family
Arnault is the wealthiest European on the list. The Frenchman oversees an empire of more than 60 brands including Louis Vuitton and Sephora.
5. Mukesh Ambani
Indian Ambani has a 42% controlling stake in Reliance Industries, which is the owner of the world’s largest oil refining complex. He is also the owner of property worth more than $400m.
6. Steve Ballmer
The American was the former CEO of Microsoft from 2000 to 2014. He is the current owner of the Los Angeles Clippers NBA franchise.
7. Warren Buffett
Now in his ninth decade, the Berkshire Hathaway chief executive, known as the “Oracle of Omagh” is one of the most successful investors of all time. Like Gates he has pledged to give away more than 99% of his fortune to charity.
8. Larry Page
Internet entrepreneur Page is one of the co-founders of Google. He stepped down as CEO of Google’s parent company Alphabet Inc. in December 2019 but remains a board member.
9. Elon Musk
Musk is the founder and CEO of SpaceX and also the CEO of Tesla.
Billionaires like tech tycoon Bill Gates; Eric Yuan, CEO of Zoom; Bernard Arnault, CEO of LVMH, Brian Chesky, CEO of Airbnb; Dallas Mavericks owner Mark Cuban and a host of others are using their financial resources to help combat the health crisis and boost the economy.
There are 2,095 billionaires on the 2020 ranking, down from 2,153 in 2019. The total combined net worth of this year’s billionaires is $8 trillion, down from $8.7 trillion in 2020. 267 people dropped off this year’s list and a record 1,062 individuals have seen a drop in their fortunes, both reflective of the turbulent markets and the coronavirus pandemic.
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