The number of billionaires in the world is constantly changing. In 2013, the list featured 1,426 billionaires, including 442 from the United States. The Asian-Pacific region accounted for 386 of them, while Europe accounted for 166. There were a record number of new people on our list of the world’s ten richest people this year, including 210 from 42 countries. While some drop-offs occurred, the United States was home to 138 billionaires, and 40 were women.
One of the most enduring lists of the richest people in the Forbes 400 lists the most successful businesspeople globally. Most of these individuals built their fortunes on their own. Only two members of the list inherited their fortunes; the others built their fortunes by combining their inheritances with entrepreneurship.
The Volatility Of Billionaire Fortunes And The Annual Forbes List
Several other billionaires have had their fortunes wiped out by disasters and scandals. Many of them lost their entire fortunes when their companies collapsed. Forbes magazine puts out a yearly list of the world’s ten richest people, which is often the only way to find out who they are.
The list is updated annually, and the latest version reflects the current net worth and rankings of the billionaires in the world.
Key Content:
In March 2022, these people were among the world’s ten richest:
- That would be Elon Musk, the CEO of Tesla (a company that makes electric cars and clean energy). Elon Musk is the richest person in the world. At the same time, according to Forbes, Jeff Bezos is the second-richest person in the world. This is Jeff Bezos. He is the CEO of one of the biggest online stores in the world and is worth $173.8 billion.
- The curiosity to know the wealthiest individual is always at the top of the list, so let’s look at the third personality that granted him this position with a little percentage rise. Yes, we are talking about Bernard Arnault & family, the chairman of LVMH (the world’s largest producer of luxury goods), with a net worth of $143 billion.
- Moreover, Bill Gates is on 4th of the list, and Warren Buffett is 5th in the position, withholding a net worth of $118.3B.
Let’s move on and find some details about the sources that made them the wealthiest personalities on the planet.
Elon Musk: $216 billion Net Worth
(First person in our list of the ten richest people)
The mastermind and handsome personality owner, Elon Musk, is the CEO of Tesla Inc. and SpaceX owner. The success of electric car manufacturing after remarkable revisions made Elon the most valuable person; the fame of Tesla was not even cashed when Elon started studying space rockets. Elon Musk first launched SpaceX in 2002, and constantly working on the project is a remarkable achievement for him.
The most recent estimate for this rocket company was in February 2021, and it was worth $74 billion. Besides, he has 23% of Tesla’s shares.
Jeff Bezos is worth $173 billion.
In the year 2022, Jeff Bezos will have more money than everyone else in the world put together. His online store is the biggest in the world. Bezos shows us how to work hard and keep our hopes up. He began his journey in a garage in Seattle in 1994. Amazon.com started as a store that sold books. It has grown into a store that sells everything, and it may now be the biggest in the world.
On July 5, 2021, Bezos stepped down as CEO, becoming its executive chairman. Also, he transferred 4% of shares to his wife after his divorce in 2019 and still owns 12% of an e-commerce giant.
The family of Bernard Arnault has a net worth of $143 billion.
This is how the world’s biggest company ranks Bernard Arnault as the third richest person in the world. Arnault is French and is the CEO and head of LVMH.. As a training engineer, he joined his father’s construction company and later converted to a real estate company named Férinel Inc. in 1979.
The majority of Arnault’s fortune stems from his enormous investment in Christian Dior SE, the holding company that owns 41.3% of LVMH. His interests in Christian Dior SE and an extra 6.2% share of LVMH are held through his family-owned holding firm, Groupe Familial Arnault.
Bill Gates: $131.1B Total Sum of Money
Bill Gates holds the fourth most money in the world. After making a lot of money making software for microcomputers, Gates dropped out of college in his junior year. American business magnate Bill Gates also writes books, makes software, and gives money to good causes. Another thing that Gates did was start “The Bill and Melinda Gates Foundation,” which is one of the biggest private charities.
Warren Buffett: $118.3B Total Sum of Money
He has always been one of the best investors and is the head of a major company called “Berkshire Hathaway.” Also, Berkshire Hathaway owns around 60 companies, such as the battery company Duracell, the insurance company Geico, and the fast food chain Dairy Queen.
Buffett was born into a family of politicians in the United States. He made his first bet when he was only 11 years old. It was his 13th year filing taxes. But Buffett keeps his promise to do good by giving away 99% of his profit.
Larry Page: $112B Total Net Worth
Larry Page quit to be CEO of Alphabet, the company that owns Google, in December, but he is still on the board and has a lot of stake in the business.
He helped his Ph.D. student Sergey Brin start Google in 1998. Page and Brin made the PageRank formula for Google, which is what the search engine does. Page ran Google till 2001 when Schmidt’s brother Eric took over. He served as the CEO of Alphabet, Google’s new parent company, from 2011 to 2015.
Page also helped start Planetary Resources and backs the “flying car” companies Kitty Hawk and Opener.
Sergey Brin: $107.4B Total Net Worth
As of December 2019, Sergey Brin is no longer CEO of Alphabet, the company that owns Google. However, he is still an officer and a big supporter. He co-founded Google with Larry Page in 1998. They met at the University of Stanford while they were both getting their degrees in computer science.
Since going public in 2004, Google has been running as Alphabet, the brand-new parent business. News stories say that Brin is helping to pay for a high-tech blimp project.
Larry Ellison: $106.7B Total Net Worth
He is the chairman, chief technology officer, and co-founder of software giant Oracle. His name is Larry Ellison, and he also goes by the name Larry. He owns more than 35% of the company. After 37 years as CEO of Oracle, he quit in 2014. Every time Oracle wants to grow, it buys up other software companies. In 2016, NetSuite, their most recent acquisition, made the company worth $9.3 billion.
Ellison moved forever to the Hawaiian island of Lanai in 2020. He bought most of the island for $300 million in 2012. But Ellison joined Tesla’s board of directors after buying 3 million shares of the company earlier in 2018.
Steve Ballmer: $95.6B Total Net Worth
Steve Ballmer used to be Microsoft’s CEO. He ran the company from 2000 to 2014. When he dropped out of Stanford’s MBA school, he became the 30th employee at Microsoft in 1980.
Ballmer was in charge of Microsoft’s efforts to catch up to Google for searching and Apple for cell phones after the first dot-com crash. His departure from Microsoft and his purchase of the Los Angeles Clippers of the NBA for $2 billion happened in the same year.
He has given more to charity since 2014, putting almost $2 billion into a donor-advised fund to help poor Americans get out of poverty. Besides that, he put $59 million into Social Solutions in 2018, a company that makes tools for businesses and the government.
Gautam Adani & Family: $91.0B Total Net Worth
Builder and businessman Gautam Adani owns India’s biggest port, Mundra Port, which is in his home state of Gujarat.
His Adani Group, which is worth $13 billion, owns land, pipelines, and companies that make and move energy. Abbey Point is a disputed project in Australia that Adani owns to mine coal. Whose coal mine in Carmichael is said to be the world’s largest? In June 2019, Adani finally got the green light to build the coal mine in Australia nine years after they first asked for it.
Adani bought a 74% stake in the country’s airport, Mumbai Worldwide, in September 2020.
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