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The 10 Richest People in the World

The 10 Richest People in the World

 

 

 

1. Elon Musk

  • Age: 51
  • Residence: Texas
  • Co-founder and CEO: Tesla
  • Net Worth: $228 billion
  • Tesla Ownership Stake: 15% ($99.3 billion)
  • Other Assets: Space Exploration Technologies ($46.9 billion private asset), The Boring Company ($3.33 billion private asset), Twitter ($3.8 billion public asset), $17.8 billion in cash9106

 

2. Jeff Bezos

  • Age: 58
  • Residence: Washington
  • Founder and Executive Chair: Amazon
  • Net Worth: $144 billion
  • Amazon Ownership Stake: 10% ($121 billion)
  • Other Assets: Blue Origin ($9.15 billion private asset),  ($250 million private asset), and $14.1 billion in cash8

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after he resigned from the hedge fund giant D.E. Shaw.22 He had originally pitched the idea of an online bookstore to his former boss David E. Shaw, who wasn’t interested.23

Though Amazon originally started out selling books, it has since morphed into a one-stop shop for everything under the sun and is expected to overtake Walmart as the world’s largest retailer by 2024. Amazon’s pattern of constant  is evident in some of its unexpected expansions, which include acquiring Whole Foods in 2017 and entering the pharmacy business the same year.2425

Bezos owned as much as 16% of Amazon in 2019 before transferring 4% to his former wife MacKenzie Scott as part of their divorce proceedings. In 2020, Amazon’s share price jumped 76% on the heightened demand for online shopping amid the COVID-19 . On July 5, 2021, Bezos stepped down as CEO of the  giant, becoming its executive chair.826

 

3. Bernard Arnault

  • Age: 73
  • Residence: Paris
  • CEO and Chair: LVMH
  • Net Worth: $141 billion
  • Christian Dior Ownership Stake: 97.5% ($111 billion total)
  • Other Assets: Moelis & Company equity ($21.3 billion public asset), Hermès equity (undisclosed stake), and $8.9 billion in cash32

French national is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora.

Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the  that controls 41.2% of LVMH.34 His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.

4. Gautam Adani

  • Age: 60
  • Residence: Gurgaon, India
  • Founder and Chair: Adani Group
  • Net Worth: $125 billion
  • Adani Enterprises, Power. and Transmissions Ownership Stakes: 75% each ($72.4 billion)
  • Other Assets: 65% of Adani Ports & Special Economic Zone ($12.2 billion public asset), 61% of Adani Green Energy ($24.5 billion public asset), 37% of Adani Total Gas ($16.2 billion public asset)38

Gautam Adani, the founder of Adani Group, surpassed Mukesh Ambani in March 2022 as the richest person in Asia. Adani, via his ownership of Adani Group, owns major stakes in six key Indian companies, including a 75% stake in Adani Enterprises, Adani Power, and Adani Transmissions, as well as a 65% stake in Adani Ports & Special Economic Zone, 61% stake in Adani Green Energy, and 37% stake in Adani Total Gas.38

The combined  of companies owned by the Adani Group is $238.4 billion (as of Sept. 6, 2022). Adani entered the power generation market in 2009 with Adani Power. Adani created Adani Enterprises in 1988 to import and export . In 1994, his company was granted approval to develop a harbor facility at Mundra Port, which is now the largest private port in India.3938

Adani dropped out of college and previously worked in the diamond trade. Now, Adani has the largest port operator, closely-held thermal coal producer, and coal trader in India. In 2020, he purchased a 74% stake in Mumbai’s Chhatrapati Shivaji International Airport, India’s second-busiest airport.

The billionaire was kidnapped and held for ransom in 1997. Adani was also in Mumbai’s Taj hotel during the 2008 terrorist attack.4038

 

5. Bill Gates

  • Age: 66
  • Residence: Washington
  • Co-founder: Microsoft
  • Net Worth: $111 billion
  • Microsoft Ownership Stake: 1.3% ($25.6 billion)
  • Other Assets: Cascade Investment LLC ($51.8 billion public assets), $52.4 billion in cash41

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. Following this project’s success, Gates dropped out of Harvard during his junior year and founded Microsoft with Allen.4243

The largest software company in the world, Microsoft also produces a line of personal computers, provides email services through its Exchange server, and sells video game systems and associated game devices. It has recently invested heavily in cloud services

Gates shifted from the company’s CEO to the role of board chair in 2008. He joined Berkshire Hathaway’s board in 2004. He stepped down from both boards on March 13,

 

6. Warren Buffett

  • Age: 92
  • Residence: Nebraska
  • CEO: Berkshire Hathaway
  • Net Worth: $98.2 billion
  • Berkshire Hathaway Ownership Stake: 16% ($97.1 billion)
  • Other Assets: $1.03 billion in cash57

The most famous living value investor,  filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route.58 He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. Buffett expanded the company’s holdings to insurance and other investments in 1967.

Berkshire Hathaway is now a $705 billion-dollar market cap company, with a single share of stock (Class A shares) trading at more than $439,000 as of Aug. 5, 2022

7. Larry Page

  • Age: 49
  • Residence: California
  • Co-founder and Board Member: Alphabet
  • Net Worth: $93.6 billion
  • Alphabet Ownership Stake: 6% ($79.5 billion total)
  • Other Assets: $14.1 billion in cash65

Like several of the tech billionaires on this list,  embarked on his path to fame and fortune in a college dorm room. While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving internet data extraction. The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page.

From there, Page and Brin went on to found Google in 1998, with Page serving as CEO of the company until 2001, and again between 2011 and 2019.6667

Google is the world’s dominant internet search engine, accounting for more than 92% of global search requests.68 In 2006, the company purchased YouTube, the top platform for user-submitted videos.

 

8. Sergey Brin

  • Age: 49
  • Residence: California
  • Co-founder and Board Member: Alphabet
  • Net Worth: $89.6 billion
  • Alphabet Ownership Stake: 6% ($75.4 billion total)
  • Other Assets: $14.2 billion in cash75

Sergey Brin was born in Moscow, Russia, moving to the U.S. with his family when he was six in 1979. After co-founding Google with Larry Page in 1998, Brin became Google’s president of technology when Eric Schmidt took over as CEO in 2001. He held the same post at the Alphabet holding company after it was established in 2015, stepping down in 2019 when  took over as CEO.7677

In addition to its dominant internet search engine, Google offers a suite of online tools and services known as Google Workspace, which includes Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, Google Slides, and more.78 Google also offers a variety of electronic devices, including Pixel smartphones, computers, and tablets, Nest smart home devices, and Stadia gaming platform.

9. Steve Ballmer

  • Age: 66
  • Residence: Washington
  • Owner: Los Angeles Clippers
  • Net Worth: $88.4 billion
  • Microsoft Ownership Stake: 4% ($79.4 billion total)
  • Other Assets: Los Angeles Clippers ($3.16 billion private asset), $5.8 billion in cash82

Steve Ballmer joined Microsoft in 1980 after Bill Gates convinced him to drop out of Stanford University’s MBA program. He was Microsoft’s 30th employee. Ballmer went on to succeed Gates as Microsoft CEO in 2000. He held the position until stepping down in 2014. Ballmer oversaw Microsoft’s 2011 purchase of Skype for $8.5 billion.83

Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. In 2014, shortly after stepping down as Microsoft CEO, Ballmer purchased the Los Angeles Clippers basketball team for $2 billion.82

Ballmer lived in the same dorm and on the same floor as Bill Gates while the two attended Harvard University. The brotherly relationship between the two became strained when Ballmer started pushing the tech company into hardware, such as the Surface tablet and the Windows mobile phone, during his tenure as CEO.

 

10. Mukesh Ambani

  • Age: 65
  • Residence: Mumbai, India
  • Owner: Reliance Industries
  • Net Worth: $83.7 billion
  • Reliance Ownership Stake: 42% ($84.2 billion total)
  • Other Assets: $410 million in real estate85

 is the chairman and managing director of Reliance Industries, the world’s largest oil refiner and one of the world’s most valuable companies.

The conglomerate was founded by Ambani’s father, Dhirubhai Ambani in 1966 as a textiles company and is now one of the leading segments of India’s economy. Reliance’s operations include oil and gas, petrochemicals, refining, retail, and media.

About half of Ambani’s wealth is derived from his stake in Reliance, which amounts to 42% of the public company. He owns Antilia, a real estate complex in Mumbai that’s worth $410 million. Ambani also owns the Mumbai Indians, a professional cricket team.

In 2016, Ambani launched a 4G phone network across India, netting more than 420 million subscribers, and is planning to launch 5G services.

It also wouldn’t hurt to have been born to wealth. However, the greatest fortunes on this list started as good ideas that people with creativity, drive, and connections used to build some of the world’s largest companies.

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