Who are the 14 richest people in the world in 2020? Find out in this list of Wealthiest Billionaires in the world.
The richest 1% own about 45% of global wealth. They are usually in possession and control of very big corporations that run their operations across the world. While thinking about this kind of 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: 14 richest people in the world in 2020.
The net worth of most of these individuals is tied to their holdings in the company that they chair/lead, making it difficult to track their real-time net worth. We understand that it’s important for you Readers to get the latest information, but it’s difficult for us to update the list in real-time. We have still tried our best to keep the list updated.
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Updated every month, these are the 14 richest people in the world as of January 2020:
13. Mukesh Ambani: $48.10 Billion
Mukesh Ambani is the Chairman cum Managing director of Reliance Industries limited. Reliance Industries Limited is the largest publicly listed Indian company by market capitalisation (as of 30th January, 2020). Asia’s (and India’s) richest person had entered the list of 10 wealthiest people in the world in May, 2019.
Most of Ambani’s wealth comes from his (40%+) shareholding in Reliance Industries Limited. The elder Ambani utilised his cash cow Petroleum division to grow and expand other businesses. One of them being a telecom company “Reliance Jio” which is second to only Vodafone Idea limited’s customer base.
With total exports worth more than $21 billion in 2019, Reliance Industries is India’s largest exporter and responsible for 5% of total customs and excise tax of the Indian Government. Total revenue of Reliance industries in 2019 was $90 Billions. It ranked 148th in Fortune 500s list, in 2018.
12. Francoise Bettencourt Meyers & family: $56.40 Billion
Francoise Bettencourt Meyers is the granddaughter of L’Oreal’s founder, Eugene Schueller.
With ownership of 33% of L’Oreal, her net worth is $54.80 Billion. That puts her in 12th position in this list and makes her the richest woman in the World.
11. Sergey Brin – $56.60 Billion
Sergey Brin co-founded Google (now: Alphabet Inc.) with Larry Page. He and Page co-developed page rank algorithm which is used by Google to rank its search results. Brin is currently the president of Alphabet Inc. which is the parent company of Google. Scroll down to read about Larry Page.
10. Michael Bloomberg: $58.30 Billion
Michael Bloomberg is the owner of Bloomberg L.P. a private financial services software, data, and media company.
Their flagship website is Bloomberg.com and 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. Bloomberg is the only person in this list to have a private company.
9. Larry Page: $58.70 Billion
Larry page co-founded Google in 1998. He created the PageRank algorithm that is used by google to rank the search results.
He was the CEO of the company until 2001 when stepped down to assume the position of products manager. Later in 2011 he became the CEO, but again stepped down in 2015 to become the CEO of Alphabet Inc.
8. Larry Ellison: $61.20 Billion
Larry Ellison is at #8 in the list of richest people in the world in 2020. He is the 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: $61.90 Billion
Carlos Slim Helú Is at #7 in the list of richest people in the world in 2020. As the richest man of Mexico, Carlos has invested his money into various sectors and companies. His investment account for about 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 and currently owns 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 ranked no. 1 in the list of richest people in the world from 2013 to 2014, overtaking Bill Gates.
6. Mark Zuckerberg: $67.20 Billion
Who doesn’t know Mark Zuckerberg? He is the co-founder of Facebook, the biggest social media website in the world. Mark 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.
Fact: Zuckerberg seems to be the most volatile Billionaire in this list.Nicheless.in
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 became a billionaire at the age of 23 in 2008, (world record for youngest billionaire at that time). Later in 2017, he received an honorary degree from Harvard.
5. Amancio Ortega: $69.70 Billion
Amancio Ortega was once the richest man in Europe. 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.
They are considered as one of the greatest retailers in the world for their expertise and ability to deliver products faster than anyone else has made them the biggest fashion Company in the world.
Since you’ve come halfway though our list of Wealthiest people in the world in 2020. You may also want to check out our list of Richest Tech Billionaires in 2020.
4. Warren Buffett: $81.10 Billion
Warren Buffett is ranked 4th in the list of richest people in the world. He is currently the chairman and CEO of Berkshire Hathaway. He likes to own value producing companies and assets instead of non-value producing assets like gold or unproductive land.
Warren Buffett has amassed such a massive fortune from the stock market. If you’re interested to know more about stock market but don’t know where to start, read- “What is Stock market? – An ultimate guide to understand the stock market“
Although he’s one of the richest people in the world, that doesn’t keep him from having a modest lifestyle. He still lives in his $650,000 house in Omaha, Nebraska which he had bought in 1958 for $31,500.
Here’s a quote from Warren Buffett that will change the way you think about doing business: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
3. Bernard Arnault: $98.10 Billion
Bernard Jean Etienne Arnault is down from #2 to #3, losing his position to Bill Gates in the list of richest people in the world in 2020. On July 17th, 2019 Bernard Arnault overtook Bill Gates to become the 2nd richest person in the world for quite a while. But, as of 23:02 IST he was again at 3rd. You can check the real-time net worth of the world’s Billionaires from Forbes by clicking here.
He is an investor, a great business tycoon and the wealthiest person in Europe. 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 and he ranks 56 in world’s most powerful people’s list.
2. Bill Gates: $107.80 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 is still the Technology Advisor of Microsoft and a Board member at both Microsoft and Berkshire Hathaway.
Presently ranked no. 2 in the list of richest people in the world, Bill Gates became a Billionaire (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.
His company Microsoft enjoys 75.47% market share of Desktop Operating systems, and 35.6% in all segments (Data from: Statcounter). Gates is one of the best-known tech entrepreneurs of the mid 1980s and he also saved Apple Inc. in 1997.
He has 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. You can follow his work through his website: Gates Notes and his YouTube channel: Bill Gates YouTube.
Here’s one of his interesting quotes: “Success is a lousy teacher. It seduces smart people into thinking they can’t lose.”
1. Jeff Bezos: $117.30 Billion
He is the founder of Amazon, World’s largest internet company, and second to hit the US$ 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 another 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. But, in 2018 the profits jumped to about $12 Billion.
Here’s a quote from Jeff that will help you in your business: “If you do build a great experience, customers tell each other about that. Word of mouth is very powerful.”
Jeff and MacKenzie Bezos are Divorced. Jeff had about 16% of Amazon’s shares and in the divorce process he lost 4% to MacKenzie. But, Jeff has still managed to retain 1st rank in the list of the richest people in the world, with a net worth of over $110 Billion.
That concludes our list of 14 richest people in the world in 2020
Now that you know about the wealthiest people in the world in 2020, you can take inspiration from their lives and concentrate on building your own empire. Who knows one day, you might end up in this list as well. If you liked this list you might also be interested in “The 20 Richest Tech Billionaires in 2020“.
Some facts about the wealthiest people:
#1: Last year Forbes, in their list of Billionaires, 2018 found a staggering 2,208 Billionaires. Up by 13.28% since it’s previous year.
#2: The average net worth of all billionaires was US$ 4.12 Billion in 2018, and their combined net worth was US$ 9.1 Trillion.
#3: As of 2018, world’s Billionaires own 2.87% of the US$ 317 Trillion global wealth.
#4: Everyone on this list is actually self-made, i.e. they didn’t have inherited wealth. Except #09 – Mukesh Ambani & #12 – Francoise Bettencourt Meyers.
Jeff Bezos is ranked #1 in the list of wealthiest people in the world in 2020
Jeff Bezos is the Richest person in the world, thanks to his shares in Amazon which have grown to about $1800 from less than $1000 two years ago. Undoubtedly most of the biggest companies are listed in the stock market. To learn more about stock market, read “What is Stock market? – An ultimate guide to understand the stock market“. Whether you’re a beginner or already know something about stocks, you’ll benefit from the article.
Here’s an insightful video from RankingTheWorld, about “The richest people and their rankings from 1995 through 2019“
If you like the video go comment on their video and let them know who sent you! 🙂
P. S. Forbes has done a really good job at keeping track of the real-time net worth of the aforementioned billionaires. If that’s what you’re looking for, you can check it out from the link above.