By Top 10 Richest People in the World
The world’s richest people sit on millions of cash and property across different important cities in the world. The world has an estimate of 2,150 billionaires, with their collective worth estimated at $10 trillion. The other interesting statistic on the world’s wealthiest people is that their wealth is more than 60 percent of the global population. Some of the billionaires are also philanthropists and have time and again made contributions to charity. Also worth noting is that the world’s richest person makes $2,489 every second.
The source of income of the top 10 richest people in the world varies. Also, the list of the top 10 richest people in the world changes with time as a result of changes in financial performance. Here is a list of the top 10 richest people in the world.
10. Amancio Ortega
Amancio Ortega is a Spanish businessman. He is also the founder of the Inditex fashion group. Inditex is a renowned fashion retailer which is known for its chain of Zara accessories shop and clothing. Amancio’s net worth is $67.3 billion, and his primary source of wealth is the Inditex Group, which he founded in 1963.
The first list of the world’s richest people was published in 1987. The ranking happens on an annual basis and the people listed and their net worth changes depending on their performance.
Steve Ballmer’s net worth is $71.8 billion, and is the current NBA’s Los Angeles Clippers’ current owner. Ballmer also served as CEO of Microsoft from 2000 to 2014.
He is an investor and businessman with the bulk of his wealth from his acquisition of the Los Angeles Clippers.
8. Larry Ellison
Larry Ellison is the co-founder of Oracle Corporation, a business magnate, investor, and philanthropist. Ellison has a net worth of $78.5 billion, with the bulk of his wealth coming from Oracle.
Ellison also sits on Tesla’s board and owns the better part of Lanai, the Hawaiian Islands.
7. Warren Buffet
Warren Buffet’s net worth is $83.2 billion. He is the CEO of Berkshire Hathaway, an investor, business tycoon and philanthropist. Warren Buffet is a successful investor, with his wealth being from the Berkshire Hathaway investment portfolio.
His journey to becoming one of the world’s richest people started when he bought Berkshire Hathaway when it was still a textile company and converted it into a holding.
6. Mukesh Ambani
Mukesh Ambani’s net worth is valued at $79.4 billion. He is the founder chairman of Reliance Industries. His fortune emanates from Jio Platforms, which is an influential telecom company in India. The other source of his wealth is his oil and gas business, which is under Reliance Industries. While other companies are taking a hit from the Covid-19 pandemic, Ambani has been signing deals with big companies like Facebook, making 2020 a busy year for him.
5. Elon Musk
Elon Reeve Musk is a business magnate, philanthropist, engineer, and industrial designer. He is the founder of Space-X, which later became PayPal and Tesla. Elon Musk‘s journey to becoming among the world’s richest people started when he sold Zip2, his start-up company.
Elon Musk’s net worth is valued at $91.2 billion. Elon Musk is known for his work in revolutionizing the automotive industry.
4. Mark Zuckerberg
Mark Zuckerberg’s wealth is valued at around $97.3 billion. The primary source of Zuckerberg’s fortune comes from his stocks on Facebook, which is about 15%.
Mark Zuckerberg also holds the title of the youngest centi-billionaire.
3. Bill Gates
Bill Gates is one of the most philanthropic billionaires in the top 10 list of the world’s richest people. It is also worth noting that Bill Gates has given up most of the stakes in Microsoft, which he founded, and only owns 1% of it now.
Bill Gate’s net worth is estimated to be $119.1 billion. A significant bulk of his fortune has been earned through Microsoft.
2. Bernard Arnault
Bernard Arnault made his fortune by investing in a chain of luxury brands. The bulk of his wealth comes from 41% of the stake he owns in LVMH. Also referred to as the luxury king, Bernard Arnault’s net worth is estimated to be $135 billion.
Arnault is the CEO and chairman of the world’s luxury conglomerate LVMH Moët Hennessy Louis Vuitton SA, the world’s biggest luxury brands. Bernard Arnault is also Europe’s richest person.
1. Jeff Bezos
Jeff Bezos‘s net worth is valued at $200 billion and is currently the richest person on earth. Jeff Bezos is the founder of Amazon and Blue Origin and also owns the Washington Post.
Jeff Bezos has personal investments through his investment vehicle, Bezos Expeditions. Jeff Bezos made his fortune through Amazon, which he founded in 1994 in his garage. Amazon has been making a killing since the onset of the pandemic as more people shop online.
