Facing the steepest losses belong to investing luminary Warren Buffett, whose ne… American investor Warren Buffett was in the top five for the 20th consecutive year, placing fourth. "Larry Ellison." "The Official Tesla Shop." Carlos Slim topped the 2012 list, marking this third consecutive year at the top. Forbes. "Warren Buffett says Berkshire Hathaway has sold completely out of IBM." Bill & Melinda Gates Foundation. Between 2006 and 2020, Buffett gave away $41 billion—the majority of which either went to the Bill & Melinda Gates Foundation or to his children's charities. Buffett launched the Giving Pledge alongside Bill and Melinda Gates in 2010., Despite making his fortune in the beverage industry, Zhong Shanshan originally got his start in the workforce as a construction worker, before becoming a reporter during the 1980s. China had 319 (not including Hong Kong, Taiwan or Macau), Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time. Bill & Melinda Gates Foundation. Accessed Jan. 19, 2021. Forbes. "Largest software and programming companies worldwide by sales revenue from 2017 to 2020." The Michael J. Mark Zuckerberg is the CEO, chairman, and co-founder of Facebook, the world's largest social networking service, as well as co-CEO and co-founder of the Chan Zuckerberg Initiative. [48] The strong performance of the financial markets and global economic recovery have erased financial assets losses. China had the second most billionaires with 115, while Russia was third with 101. More than half of them had self-made fortunes.[45]. While in this article, we will look into the educational background of the top 10 richest people in the world. Accessed Jan. 19, 2021. His estimated net worth is $109 billion. Accessed Jan. 19, 2021. "Corporate Governance." The Giving Pledge. Accessed Jan. 19, 2021. YourStory. The current richest man in the world, Elon Musk has had his hands in several different companies over the years. Originally enrolled at Stanford University, Musk deferred his attendance to launch Zip2, one of the earliest online navigation services.  A portion of the proceeds from this endeavor were then reinvested to create X.com, an online payment system that later became PayPal. [1] 100 people listed in 2013 failed to make the list. "Bill Gates' Net Worth Eclipses $100 Billion." The World's Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine Forbes. "Google." [3], A total of 1,645 people made the 2014 billionaire list, representing a combined wealth of $6.4 trillion. Russia had 96 people on the list, while China had 95. Facebook. [34], In the 25th annual Forbes list of global billionaires, Slim added $20.5 billion to his fortune, the most of anyone, and retained his number one ranking with a total fortune of $74 billion. With an estimated net worth of $197 billion, he is the richest man in the world. The United States came in second, with 57; followed by India, with 28; and Germany, with 23. Elon Musk just became the richest person in the world, with a net worth of more than $185 billion. [35] Colombia's Alejandro Santo Domingo was the highest-ranked newcomer, inheriting a $9.5 billion stake in Santo Domingo Group from his father. Facebook founder Mark Zuckerberg, four years after starting the company, joined the list at 23 to become the youngest self-made billionaire. Accessed Jan. 19, 2021. "Welcome to Google Nest. This number [clarification needed] has fallen dramatically from 388 as recently as 2010. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Accessed Jan. 19, 2021. Jeff Bezos - $192.3 billion Britannica. Microsoft. Facebook. "Wall Street braces for trading surge as Tesla joins S&P 500." Bloomberg. Guatemala had a billionaire, Mario Lopez Estrada, for the first time in its history. Overall, just 12 percent of the list lost wealth since 2009, and 30 people fell off the list. "Sergey Brin." However, once the dotcom bubble burst the new rich saw their fortunes disappear. Jeff Bezos, 56, is the richest man in the world, despite transferring a quarter of his Amazon stake to his ex-wife MacKenzie last summer, according to … Luxebook. Accessed Jan. 19, 2021. Carlos Slim Helu is not only one of the richest people in the world today; he is also the richest person in Mexico. "Whole Foods Is Becoming Amazon’s Brick-and-Mortar Pricing Lab." If you want to get a little closer to making Bloomberg's richest billionaires list, you might need to become a technological innovator or a retail king. [39] A total of 55 countries were represented on the 2010 list, including Finland and Pakistan which claimed their first billionaires. [14] American Isaac Perlmutter was among the newcomers with an estimated fortune of $4 billion largely acquired in his sale of Marvel Entertainment to Disney. Statista. Accessed Jan. 19, 2021. Forbes recorded a then record of 946 billionaires. "Sergey Brin." Britannica. Their charity seeks to leverage technology in order to fix societal ills, such as improving the access and quality of education, reforming both the criminal justice system and the United States immigration system, improving housing affordability, and eventually eradicating all diseases. , The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring his earnings from his boyhood paper route. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965.  He expanded the company to insurance and other investments in 1967. Now, Berkshire Hathaway is a half-trillion-dollar company, with a single share of stock trading at more than $350,000 per share in early 2021., Widely known as "The Oracle of Omaha," Buffett made the majority of his fortune through purchasing shares in companies with easy-to-understand business operations.  While many investors have been piling into tech companies, Buffett has opted for a more cautious approach, only buying from well-established companies that are easier to understand, such as IBM and Apple.  He is also a noted Bitcoin skeptic. Additionally, Buffett has also outright purchased a lengthy list of companies over the years, including Dairy Queen, Duracell, Geico, and Kraft Heinz. , Outside of investing, Buffet has directed much of his wealth toward philanthropic endeavors. Gates placed second but narrowed the gap from 2011 as Slim's fortune fell $5 billion while Gates' rose $5 billion. We also reference original research from other reputable publishers where appropriate. LVMH. Bloomberg. Larry Ellison, Charles Koch and David Koch also slipped from their previous year's positions, with Ellison dropping to seventh from fifth, and the Kochs falling to ninth position from sixth. Accessed Jan. 19, 2021. [1] Aliko Dangote of Nigeria became the first African to enter the top 25, with an estimated net worth of $25 billion. "Sergey Brin." "HISTORY OF THE PLEDGE." This was the 16th time that the founder of Microsoft claimed the top spot. Over 66% of the previous year's billionaires became richer. [14] Asia accounted for more than 100 of the new entrants. In the 29th annual Forbes list of global billionaires, a record 1,826 billionaires were named with an aggregated net worth of $7.1 trillion compared to $6.4 trillion in the previous year. In the same period, the wealth of the richest 62 people between the World's Billionaires increased by $500bn (£350bn) to $1.76tn. Because they are so rich most never have to work another day in their life. "Elon Musk." [6] In 2017, Mark Zuckerberg was the only person in the top 10 billionaires list who is under the age of 50, and the only one in the top 20 billionaires list who is under the age of 40. "The Microsoft Press Store by Pearson." [5] A record of 2,208 billionaires were in the ranking and the total wealth was $9.1 trillion, up 18% since 2017. With a net worth of roughly $190 billion, Jeff Bezos, the founder, and CEO of Amazon is the wealthiest person in the world, followed by Elon R Musk ($170 billion), Bill Gates ($132 billion); and Bernard Arnault ($114 billion). Oracle. Select personalised content. Forbes. The #1 richest person in the world title goes to Jeff Bezos. The dot-com bubble created the most paper wealth for some billionaires. Develop and improve products. Google Store. There’s been a huge fluctuation in the net worth of these billionaires in the past year. "To the Shareholders of Berkshire Hathaway Inc - 1985." However, when a living individual has dispersed his or her wealth to immediate family members, it is included under a single listing provided that individual is still living. The stats given here in regards to net worth have come from Forbes directly. Francois Pinault is a French luxury goods mogul and businessman, best known as … [32], A global rise in asset prices led Forbes editor Randall Lane to declare "It [was] a very good year to be a billionaire". Jeff Bezos: $185bn. Oracle. Larry Ellison, the founder of Oracle, rounded off the top five. If you are interested in knowing the answer to these questions read the following article on Top richest people in the world. Shaw.  In fact, he had originally pitched the idea of an online bookstore to his former boss David E. Shaw, who wasn't interested., Though Amazon.com originally started out selling books, it has since morphed into a one-stop-shop for everything under the sun, and is arguably the world's largest retailer. At any rate, it is hard to dispute its self-description as the "earth's most customer-centric company. We tend to look up to the world richest person and tried to learn from each and every one of them. Ortega's gain of $19.5 billion was the largest of anyone on the list. "Berkshire Hathaway Inc. Cl A." Accessed Jan. 19, 2021. Falling stock prices in Asia contributed to 117 former billionaires falling from the list worldwide. Britannica. The owner of the world’s largest online retail company was born Jeffrey Preston Jorgensen in Albuquerque to a 17-year-old high school student and a bike shop owner in 1964. [38] One third of the world's billionaires, 413, came from the United States. Europe has 4 representatives, one from Asia and the rest from North America. Accessed Jan. 19, 2021. Sanbio. Accessed Jan. 19, 2021. "Beijing Wantai Biological." Facebook. Accessed Jan. 19, 2021. Accessed Jan. 19, 2021. Different people define riches differently. Accessed Jan. 19, 2021. "Warren Buffett." Accessed Jan. 14, 2021. Known debt is subtracted from assets to get a final estimate of an individual's estimated worth in United States dollars. " Its pattern of constant diversification is evident in some of its unexpected expansions, which include acquiring Whole Foods in 2017 and launching its own branded over-the-counter drugs in Feb. 2018.  In 2020, Amazon's share price skyrocketed on the heightened demand for online shopping as lockdowns forced consumers to stay home., Bezos originally took Amazon public in 1997 and went on to become the first man since Bill Gates in 1999 to achieve a net worth of more than $100 billion.  Bezos's other projects include aerospace company Blue Origin; The Washington Post, which he purchased in 2013; and the 10,000-year clock, also known as the Long Now. , While attending Harvard University in 1975, Bill Gates went to work alongside his childhood friend Paul Allen to develop new software for the original microcomputers. Microsoft. Accessed Jan. 19, 2021. [47] Billionaires' fortunes were hit even harder by the global financial crisis; 2009 was the first time in five years that the world had a net loss in the number of billionaires. [37] However, Nigerian commodity mogul Aliko Dangote was the greatest gainer on a percentage basis as his fortune increased 557 percent to $13.5 billion. He had topped the list in 15 of the previous 20 years, but his previous number one ranking was in 2009. Neuralink. Tesla billionaire Elon Musk is the richest person in the world once again, overtaking Jeff Bezos as shares of Amazon fell on Thursday.
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