Rich people or to be more specific, “money rich” people are like any other individual but with immense wealth. They are usually in control of very big corporations that run their operations across the world.
While thinking about money it’s natural to wonder “who are the wealthiest people in this world?”, and that’s exactly what we are presenting to you, in this list of: Top 10 richest people in the world.
Most of the people in this list are either founders / one of the largest shareholders (or both) of big public companies. Since shares of public companies are traded in the stock market, the net worth of these individuals fluctuate daily.
It’s very difficult to update the list daily. So, we will be updating it every month. The title of this list will have the name of the month in which this list was last updated.
1. Jeff Bezos: $133 Billion
The founder of Amazon, World’s largest internet company, and second to hit the US$ 1 Trillion mark after Apple. Jeff founded the company in 1994 as an online book store. Although Amazon is now bigger than ever, it wasn’t the only name on his mind. Relentless was one such name, and even today if you visit relentless.com you’ll be redirected to Amazon.
Today, Amazon has expanded into various sectors including cloud computing, home assistant hardware, music/video streaming services, organic foods, and many more. In 2017, Amazon’s net profit was US$ 3 Billion. Same year, in November Jeff bezos sold 1 million Amazon shares worth US$ 1.1 Billion.
2. Bill Gates: $97 Billion
Who doesn’t know Bill Gates, the co-founder of Microsoft? What you might not know is that his real name is William Henry Gates III.
He became the youngest billionaire (of that time) at an age of 31. Eight years later, in 1995 he became the world’s richest person with a net worth of US $12.9 Billion.
Gates is one of the best-known tech entrepreneurs of the mid 1980s. He also saved Apple in 1997.
His company Microsoft enjoys 75.47% market share of Desktop Operating systems, and 35.6% in all segments. (Data from: Statcounter)
Gates has also donated large amounts of money to various organizations through Bill and Melinda Gates Foundation. But, unlike other philanthropists he ensures that all his money is used efficiently by following up with them, and offering complete solution to the organisation that he donates.
3. Warren Buffett: $84.6 Billion
Oldest person in this list also known as the “Oracle of Omaha”, Warren Buffett is down to earth.
He is considered as one of the most successful investors in the world. Much of his fortune comes from his stake in Berkshire Hathaway.
Berkshire was originally a textile mill company which was liquidating their assets and buying their own shares back. Buffett had handful of shares of the company.
At that time, the promoter of Berkshire had agreed to buy back Buffett’s shares at $11.50, but later they reduced it to $11.375 in written tender offer.
Buffett got angry and instead of selling his shares he kept buying the shares of Berkshire.
When he had controlling stake of the company, he fired the promoters, and converted Berkshire into a holding company for his investments in other companies.
He is well know for value investing and his philosophy around this concept was instigated by Benjamin Graham.
Buffett is good friends with Bill Gates and since very long ago. Like his friend, Buffett is also a notable humanitarian, and has pledged to give away 99% of his fortune to Charitable trusts. He has given away US $21.5 Billion so far.
4. Bernard Arnault: $78.5 Billion
Bernard Jean Etienne Arnault is an investor and a great business tycoon.
He is the founder and CEO of concoction LVMH which holds 70 luxury brands including Bulgari, a luxury jewelry, watch and, leather goods brand featured in the Iron Man (2008) Movie.
Net income of his conglomerate was € 5.616 billion in 2017.
He ranks 56 in world’s most powerful people’s list.
5. Amancio Ortega: $65.5 Billion
Once the richest man of Europe, Amancio Ortega is one of the greatest retailers in the world.
He and his wife founded Inditex Group that owns ZARA and some other fashion brands. Their first store was called Zorba, but due to conflicting name with a nearby bar they had to change it to ZARA.
Their expertise and ability to deliver products faster than anyone else has made them the biggest fashion Company in the world.
6. Larry Ellison: $63.1 Billion
Co-Founder of the Oracle Corporation, which is the third biggest software Company after Microsoft and Alphabet. Larry is currently the executive chairman and Chief Technology Officer of the company.
Oracle specialises in Database Management software and cloud engineering systems.
7. Carlos Slim: $61.9 Billion
The richest man of Mexico, Carlos Slim Helú has invested his money into various sectors and companies. His investment account for 40% of all listed companies of the Mexican Stock market.
He had given a US $250 million to The New York Times for digital media expansion. Currently he own 17% stake in the company.
He’s currently the CEO of three companies, Groupo Carso (His own Company), América Móvil (A large telecom operator), and Telmex (A subsidiary of América Móvil).
He was the world’s richest person from 2013 to 2013 overtaking Bill Gates.
8. Mark Zuckerberg: $60.6 Billion
He is the co-founder of Facebook, the biggest social media website in the world. Mark Zuckerberg had initially limited the users to his own university. But, later they allowed other university students to join the network, and eventually opened it for general public.
Basically anyone who claimed to be 13 years or older and depending on local laws they were allowed to register for an account on the website. He then dropped out of Harvard to lead Facebook after its success.
He received an honorary degree from Harvard in 2017.
9. Michael Bloomberg: $56.1 Billion
He is the owner of Bloomberg L.P. a private financial services software, data, and media company.
Their flagship website is Bloomberg.com.
They are one of the leading providers of data and news to corporate entities. Last year’s revenue of the company was about US $10 billion.
He is the only person in this list to have a private company.
10. David/Charles Koch: $51.1 Billion each
David and Charles Koch are brothers and biggest shareholders of Koch Industries. Koch Industries is a private company and both have 42% ownership each making their net worth equal.
Koch industries has been into various sectors including petroleum, asphalt, plastics, energy, fibers, and chemicals. Annual revenue of the company in 2017 was US $115 billion.
It is the second largest private company after Cargill.
Now that you know about the richest people in the world, you can take inspiration from their lives and concentrate on building your own empire. Who knows one day, you might end up in the list as well.
Some facts to boost your knowledge
Fact #1: Last year Forbes, in their list of Billionaires, 2018 found a staggering 2,208 Billionaires. Up by 13.28% since it’s previous year.
Fact #2: The average net worth of all billionaires was US$ 4.12 Billion in 2018, and their combined net worth was US$ 9.1 Trillion.
Fact #3: As of 2018, world’s Billionaires own 2.87% of the US$ 317 Trillion global wealth.
Fact #4: Eveyone on this list is actually self-made, i.e. they didn’t have inherited wealth except #10.