Money talks, how? This article, the 10 richest people in the world is all about how and how much.
The Earth has no limitation upon hoarding thousands of billionaires in its capacity. By 2020, it had an estimated 2,095 titled billionaires. But wait- there’s more to leave you even more bewildered. Do you know how much net worth it totals? $8 trillion.
We are not done dropping bombshells on you so soon; read the entire article to have an experience around the club of riches.
Just the first ten richest people in the world account for $1,128.50 billion. These figures count an approximate 14.11% dollars out of 0.48% of the total number of billionaires in the whole world. Impressive when you get into the gist of it, isn’t it?
So let’s get down to business. Let’s start!
Top 10 Richest People in the World
Here’s a list of the richest people in the world and their details.
- Elon Musk’s net worth of $197 billion in estimation. He is the Richest Man in the World. He is the Co-founder and CEO of the world-famous Tesla company, lead designer, founder, and SpaceX CEO. He is also the founder and CEO of Neuralink while also having found The Boring Company. Hence, the owner of multi-companies lists at the top in 2021 as the first. Isn’t it exciting?
- Jeff Bezos‘s net worth accounts for a total of $182 billion in estimation. He is the founder and CEO of the renowned Amazon company, which is the largest retail market in the World. He also founded Blue Origin. To know more about the world’s second-richest man on Earth, please scroll down.
- Bill Gates has a net worth of $132 billion. He is the third richest man on Earth. His accomplishments are seldom unknown to one. He is the co-founder of Microsoft- also known as the world’s biggest software company. He also holds the position of co-chair in the Bill & Melinda Gates Foundation. Mark is the third wealthiest person on the planet, and we provide all that you need to know in the latter part of the article.
- Bernard Arnault estimates $109 billion net worth and comes in as the fourth wealthiest man on Earth. He is LVMH’s CEO and chairman, which is the most extensive luxury goods business in the entire world. Moreover, he is also the chairman of Christian Dior SE.
- Mark Zuckerberg has an approximate net worth of $95.6 billion in total. Today, the fifth wealthiest man is the proud co-founder, chairman, and CEO of Facebook-the largest social networking site in the world. He is also the co-founder and co-CEO of his company, the Chan Zuckerberg Initiative.
The article includes details about the other five wealthiest billionaires in the world, who are:
- Warren Buffet,
- Zhong Shanshan,
- Larry Page,
- Sergey Brin
- Larry Ellison.
And now, we begin with the in-depth articulation of each of the billionaires listed above.
Elon Musk comes in first on the list of the richest people in the world. Just a few months shy from half his golden jubilee, at 49, he has the world in his pockets. He lives in Austin, Texas but is likely to be known around the globe.
The CEO and co-founder of Tesla (TSLA) has a net worth of $197 billion, with $141 billion just from the company. He has a 20% ownership stake in Tesla. Like the Space Exploration Technologies, Musk’s other assets concede it with $18.7 billion assets termed private.
When he studied at Stanford University, he put aside his attendance to launch the prime and earliest online navigation service called Zip2. And he didn’t stop there as anyone else would have, he reinvested the profits he gained in his other endeavor, the X.com.
X.com that goes by the name PayPal now is again the earliest online payment system. Later, he sold both the companies.
Best friends with the word “innovation” and a holder of a wise mind, he maintains the stature of a lead designer and CEO of Space Exploration Technologies, rather known by SpaceX.
Space X aspires to make the exploration of space more low-cost.
Musk, in 2004, became the investor of the Tesla company, hence, terming him the co-founder in the upcoming years. He is now the CEO of the electric automobile company.
In 2006, he founded two more companies called the Neuralink- now its CEO- and The Boring Company. The former company is a medically improvised developer of brain machines for people with paralysis. This way, they can connect with devices and communicate- a well thought and meaningful venture.
On the other hand, The Boring Company, much to its name’s dismay, is again a well-considered plan. The organization builds machines for drilling tunnels for public transport below the surface of Earth. The underground system will help alleviate the ferocity of traffic we face every day in major cities. It previously and shortly also retailed a handheld flamethrower.
Jeff Bezos, at 57, is the second wealthiest man over the globe and has a residence in Seattle, Wash.
Being the CEO and founder of Amazon, he has made quite many dollars. His net worth is $182 billion, of which $165 billion comes from his Amazon ownership stake of 11.1%.
His other assets include Blue Origin that gives him $9.55 billion in cash and $7.15 billion in private assets. He also purchased a project,” the Washington Post,” one of the most unbiased journalism brands, in 2013. Another company he bought is the “Long Now,” the 10,000-year clock.
It was in 1994 that Bezos found Amazon in his garage in Seattle. The story gets quite the laughs and reason for inspiration.
It was in his better luck that his former boss had rejected his notion of prodigy, and he went ahead with his army of one to make it come true. He had proposed an online bookstore’s hypothetical idea and resigned from the company when David E. Shaw showed his disinterest in it. And it seemed like he was enough for himself.
Amazon initially began selling books, but it has morphed into an online retail store to buy anything and everything from. It is now known for being the largest retailer on Earth. Its significant diversification and excelled customer-centric patterns have led to its successful expansion. Now, it even sells its brand.
Since 2020, its shares have exceeded very high due to the pandemic at hand—the quarantines and fear of going into a public lead its demand to fare extremely high.
At the age of sixty-five, Bill Gates has a net worth of $132 billion and the world’s third-richest person on Earth. He lives in Medina, Wash.
The Microsoft Corporation (MSFT) co-founder has its ownership stake of 1.3%, which counts for $22 billion. His other assets are one too many, which are:
- Cornerstone Building Brands equity ($11.3 billion public assets)
- Republic Services equity ($10.2 billion public assets)
- John Deere equity ($9.31 billion public assets)
- Ecolab equity ($6.47 billion public assets)
- Givaudan equity ($4.42 billion public assets)
- FEMSA equity ($2.11 billion public assets)
- Waste Management equity ($1.67 billion public assets)
- Berkshire Hathaway equity ($1.52 billion public assets)
- Diageo equity ($1.45 billion public assets)
- AutoNation equity ($1.37 billion public assets)
- Arch Capital Group equity ($1.20 billion public assets)
- Sika AG equity ($1.19 billion public assets)
- Signet Jewelers equity ($696 million public assets)
- Televisa equity ($260 million public assets)
- Vroom equity ($249 million public assets)
- Liberty Global equity ($216 million public assets)
- First Cobalt equity ($182 million public assets)
- Western Asset/Claymore Inflation-Linked Opportunities & Income Fund equity ($167 million public assets)
- Otter Tail Corporation equity ($145 million public assets)
- Coca-Cola FEMSA equity ($121 million public assets)
- Western Asset/Claymore Inflation-Linked Opportunities & Income Fund equity ($89.3 million public assets),
- Owens Corning equity ($38.8 million public assets) and $55.1 billion in cash
Bill Gates, with his childhood friend, Paul Allen, in 1975 while graduating together, went ahead to create a novice software for microcomputers. When the project proved to be a success, Bill decided to drop out in his junior year at Harvard to devise Microsoft’s focus with his friend.
Microsoft now makes computers along with software and through Microsoft Press publishes books. It even sells video game systems and devices and provides email services.
As of 2018, Bill is the chairman of the Microsoft Company. Other organizations he owns are the Gates Learning Foundation and the William H. Gates Foundation which came together as the Bill & Melinda Gates Foundation. Together his wife and himself are co-chair partners and spend billions to counter diseases. The philanthropic foundation has spent millions on massive causes.
At the age of seventy-one and a resident of France, Bernard is the CEO and chairman of LVMH with a net worth of $109 billion. He gets 97.5% of Christian Dior Ownership Stake amounting to $92.8 billion.
His other assets include:
- Moelis & Company equity ($18.9 billion public assets)
- Hermès equity ($2.12 billion public assets)
- Carrefour equity ($1.30 billion public assets) and $4.50 billion in cash
The French national is a business owner of a few of the largest brands like Sephora, Louis Vuitton, Marc Jacobs, Hennessey, and many more. So it must not come as a shock to you when we say he is the World’s fourth wealthiest person.
However, saying that the business firms profit him nothing when it comes to the Christian Dior SE should ruffle your feather slightly. The Christian Dior SE takes 41.2% of the LVMH. Along with the added 6.2% in LVMH is his family business company, the Group Arnault S.E.
Arnault was trained as an engineer and worked at Ferret-Savinel, his father’s firm of construction. Later in 1971, he took over his father’s company, too, repainting it to be a real estate company. In 1979, it was retitled to Férinel Inc and remained as its chairman up until 1985.
In 1984, Arnault got the Financière Agache and took it upon himself to reorganize it. Later, he sold most of its holdings except Le Bon Marché and Christian Dior. In 1987, he then invested in LVMH, and two years later, became the CEO, chairman of the board, and the major shareholder.
As we write, Mark stands at the age of thirty-six. A resident of Palo Alto, in Calif and chairman, Co-founder, and CEO of Facebook with an ownership stake of 13%.
His net worth amounts to $95.6 billion, of which it acquires $92.5 billion from just Facebook. His other assets include $225 million from real estate and $2.88 billion in cash.
Zuckerberg created Facebook while attending Harvard and a couple of students Dustin Moskovitz, Eduardo Saverin, and Chris Hughes. However, seeing his business’s potential, he dropped out of Harvard to give all his attention to it.
Zuckerberg, today is Facebook’s chairman and CEO, which has more than 2.7 billion users throughout per month.
Facebook is the largest social networking platform of social media that lets you connect with people worldwide. Most of the website’s revenue is earned by its advertisements.
Facebook also has many variants like Instagram-a photo-sharing application- and WhatsApp, the most used messenger. Alongside the renowned apps are Oculus, Workplace, Portal, and Novi.
With his wife, Zuckerberg, in 2015, founded a charitable initiative called Chan Zuckerberg Initiative. The duo is a co-CEO that, through technology, aims to fix the wrong side of society. They seek to better the education system, immigration system, rental issues, criminal injustice, and controlling diseases.
Warren Buffet is a 90-year-old resident of Omaha, Neb, and the sixth-richest man on Earth. The buffet is the CEO of Berkshire Hathaway and has an ownership stake of 38%, which amounts to $87.1 billion. With his total net worth being $88.3 billion, you can see how Berkshire Hathaway does for him.
His other assets include $1 billion that is in cash.
Warren Buffet filed his first-ever tax return in 1994 at the age of fourteen.
He is the most renowned for being a living value investor. In 1962, he bought his first shares in Berkshire Hathaway, which was a textile company. Then, in 1965, he became its major shareholder. In 1967, he diversified the company to hold the insurance and other investments’ license under its banner.
In 2021, it’s a half-trillion-dollar company, with a single unit share of stock of over $350,000 per share.
Zhong Shanshan is the sixty-six-year-old General Manager, Executive Director, Chairman, and Founder of Nongfu Spring with an 84% ownership stake, amounting to 76.5 billion of his total net worth of $84.7 billion.
His other assets include Beijing Wantai Pharmacy Enterprise equity that gives it $13.7 billion public assets and $1.30 billion in cash.
Starting from being a construction worker, reporter, beverage sales agent, he started a bottled water business in Hainan.
In 1993, Zhong introduced Yangshengtang, his health products company, and three years later, Nongfu Spring.
Later the water company expanded to other beverages company, like yogurt, tea, and juices.
He also has stakes in China’s largest infectious diseases diagnostics company.
Larry, at 42, is the board member and co-founder of Alphabet with a net worth of $81.7 billion. His company stakes are 6% which concede $69.2 billion. His other assets worth $12.5 billion are in cash.
With his Stanford mate, Sergy Brin began the BackRub, a search engine technology That analyzed backlinks. And in 1998, they both found Google, the internet’s largest search engine.
In 2006, Google purchased Youtube And later launched its first android mobile phone in 2008.
In 2021, Google is one of the subsidiaries of Alphabet, which Page worked up until 2019.
Brin is the Co-founder and Board Member of Alphabet with a Net Worth of $79.1 billion. His Alphabet Ownership Stake is 5%, amounting to $66.5 billion, and other assets of $12.6 billion in cash.
Sergey and Brin have the same success stories starting from college dorm rooms and up until 2019 when Sundar Pichai purchased Google.
With Google’s many variants like Workplaces, Gmail, Drive, Calendar, Meet, Chat, Docs, Sheets, Slides, and many more, it is unique.
Besides the software, Google also owns electronic devices, like the Pixel smartphones, computers, and tablets. Alongside Nest’s intelligent home devices, it also holds the Stadia gaming platform.
The seventy-six-year-old co-founder, CTO, and Chairman of Oracle have a Net worth of $79.1 billion.
He has an Oracle Ownership Stake of 35.4%, accounting for $51.5 billion.
His other Assets include the Tesla equity that concedes its $12.5 billion public assets and $14.3 billion in cash.
A drop-out of the University of Chicago, Larry worked as a programmer for many companies. In 1976, he became the Vice president of Precision Instruments’ research and development.
In 1977, Larry found the Software Development Laboratories (SDL) along with Miner and Oates.
In 1979, he launched Oracle. It had the first-ever database program that used the Structured Query Language. In 1982, the SDL changed its name to Oracle Systems Corporation.
In December 2018, Larry also joined Tesla’s board.
Today, Oracle is the second-biggest software company that provides a wide range of cloud computing programs and other software, like Java and Linux, and the Oracle Exadata computing platform.
Larry spends a lot on real estate and charity.