10 Richest People In The World: Despite the financial uncertainty induced by the Covid-19 pandemic, the world of billionaires has survived steadily. So who are the world’s richest people?
Here is the list of the 10 richest people revealed by the Bloomberg Billionaires Index as of the first week of August 2021.
#1 Jeff Bezos – $196B
Jeff Bezos is the founder of Amazon. The world’s largest online retailer is headquartered in Seattle.
The corporation sells electronics, household supplies, and different items through its flagship website.
Amazon also operates the Whole Foods grocery chain and delivers cloud computing and streaming services.
Amazon acquired a profit of $386 billion in 2020.
Relative Value: Jeff Bezos’s net worth of $195B can purchase:
• 107M troy ounces of gold
• 2.76B barrels of crude oil
And is equal to:
• 0.929% of the GDP of the United States 2.31%of the entire income of the 500 richest people in the world
• 49.2% of the top 100 U.S. college endowments 3,080% of the prime 200 U.S. directors’ aggregate granted reimbursement
• 8.69% of U.S. existing house sales
• 2,831,158 times the average U.S. household revenue.
Biography of Jeff Bezos
Birthdate: 1/12/1964
Family: Divorced, 4 children
Age: 57
Industry: Technology
Citizenship: United States
Education: Princeton University, Princeton University
In the past, Jeff Bezos specialized as a Wall Street computer engineer.He created Amazon in 1994 to sell books online.
Amazon’s capital surged almost 40-fold after a first public contribution in 1997 and his capital surpassed above $12 billion.
When the technology bubble had stopped dwindling in 2001, his stakes were estimated at slighter than $2 billion.
Jeff Bezos built his status on long-term reasoning and focusing on consumer service.
At present, Amazon sells millions of varied commodities, many of which are promoted by third-party sellers that depend on Amazon’s data management services to help achieve their expectations.
In 2007, Amazon introduced Kindle, an e-book reader. Today, Kindle is Amazon’s largest-selling gadget.
After four years, Amazon launched the Kindle Fire, stabilizing the firm in competition with Apple in the computer gadget business.
Jeff Bezos is the owner of the Washington Post. He also governs Blue Origin, a space exploration company that strives to reduce the expense and improve the safety of spaceflight.
The Princeton University graduate sponsored $2 billion of his capital for preschool projects and aid for homeless families in September 2018.
Again, in February 2020, he pledged $10 billion to combat climate change.Jeff and his wife Mackenzie divorced in 2019. As a part of their split, MacKenzie acquired a 4% share in Amazon.In February 2021, he disclosed that he would retire as chief executive of Amazon, with the intent to dedicate more time to his philanthropy and other businesses.
Milestones Achieved by Jeff Bezos
1964 Jeffrey Bezos was born in Albuquerque, New Mexico.
1986 Jeff Bezos graduated from Princeton University. Grabs a job at Bankers Trust.
1994 Develops Amazon.com to sell books online.
1997 Registers Amazon in an initial public offering at $18 per share.
1999 Appointed Time magazine’s Person of the Year.
2003 Survives a helicopter accident in southwest Texas.
2007 Brings up the Kindle electronic book reader.
2010 E-book sales outperform traditional book sales on Amazon.com.
2013 Acquires the Washington Post publication for $250 million.
2017 Becomes the richest person on earth, outshining Bill Gates..
#2 Elon Musk – $194B
Elon Musk is the CEO of Tesla and an inventor of electrical vehicles. His company is based in Palo Alto, California.
His firm sells sedans, sport utility automobiles and is the state’s leading capitalist and automotive employer.
Elon Musk is also the CEO of SpaceX, a rocket manufacturer sourced by NASA to renovate the space station.
Relative Value: Elon Musk’s net worth of $194B can acquire:
• 107M troy ounces of gold
• 2.73B barrels of crude oil
And is equal to:
• 0.928% of the GDP of the United States
• 2.31% of the entire revenue of the 500 richest people in the world
• 49.1% of the prime 100 U.S. college endowments
• 3,076% of the top 200 U.S. directors’ aggregate rewarded income
• 8.68% of U.S. existing house sales
• 2,827,465 times the average U.S. family earnings.
Biography of Elon Musk
Birthdate: 6/28/1971
Family: Single, 7 children
Age: 50
Industry: Technology
Citizenship: United States, Canadia, South Africa
Education: the University of Pennsylvania, Wharton School of the University of Pennsylvania
Elon Musk was born in South Africa to an engineer father and nutritionist mother. When he was 17, he left home for college in Canada.
After graduating from the University of Pennsylvania with bachelor’s degrees in physics and economics, he enrolled at Stanford University.
But just after his first few days, he dropped out of Stanford University to pursue his three major areas of interest: the Internet, clean energy, and space.
In 1995, he built an online publishing platform called Zip2 and sold it four years later for more than $300 million.
Musk reinvested some of the revenue to launch X.com, an online payment system. He integrated that with what ultimately became PayPal, the e-commerce site.
In 2002, PayPal was sold to eBay for $1.5 billion.
His next project: SpaceX, a closely governed rocket firm, is supervised by NASA to take over the space shuttle’s task of resupplying the International Space Station.
A year later, he established Tesla, which is based in Palo Alto, California. His corporation manufactured the world’s first all-electric, zero-emission sports car in 2010. The same year his company sold shares in a public offering.
His third corporation, SolarCity, provides solar power systems. SolarCity sold stakes in a public offering in 2012 and was acquired by Tesla on Nov. 21, 2016.
Musk announced his intent to retire on planet Mars.
He joined Warren Buffett’s Giving Pledge in April 2012.
Milestones Achieved by Elon Musk
1971 Elon Musk was born in Pretoria, South Africa.
198 1Buys their first computer at age 10.
1983 Creates and sells his first commercial software game, Blastar.
1999 Develops an online payment system called X.com.
2000 Merges X.com with PayPal’s parent company, Cofinity.
2002 PayPal was acquired by eBay for $1.5 billion.
2002 Establishes SpaceX in a former airplane hangar near LAX.
2003 Begins designing the all-electric Tesla Roadster.
2008 SpaceX delivers its first satellite into space.
2010 Tesla Motors begins trading on the NASDAQ stock exchange.
# 3 Bernard Arnault – $179B
Bernard Arnault is the chairman of LVMH Moet Hennessy Louis Vuitton, which is the world’s largest producer of luxury goods.
France’s richest person controls about half of LVMH, which had a revenue of 44.6 billion euros ($51 billion) in 2020.
LVMH sells commodities including Louis Vuitton leather merchandise, TAG Heuer watches, and Dom Perignon champagne.
Relative Value: Bernard Arnault’s net worth of $179B can acquire :
• 98.5M troy ounces of gold
• 2.54B barrels of crude oil
And is equal to:
• 0.855% of the GDP of the United States
• 2.13% of the entire revenue of the 500 richest people in the world
• 45.3% of the prime 100 U.S. college endowments
• 2,835% of the top 200 U.S. administrators’ aggregate granted income
• 8.00% of U.S. existing house sales
• 2,606,122 times the average U.S. household revenue.
Biography of Bernard Arnault
Birthdate: 3/5/1949
Family: Married, 5 children
Age: 72
Industry: Consumer
Citizenship: France
Education: Ecole Polytechnique
Bernard Arnault was born in 1949 in the Northern French town of Roubaix. He graduated with an engineering degree from Ecole Polytechnique in Paris.
After his graduation, he joined his family’s company and convinced his father to quit its construction business and focus on real estate.
In 1984, Arnault joined the luxury products market as he gained control over the bankrupt textile group that owned Christian Dior.
He traded all of the company’s additional businesses and used the revenue to purchase a governing share in LVMH.
His other acquisitions comprise Fendi, TAG Heuer, and Bulgari. He failed to acquire auction house Sotheby’s and retailer Gucci, which he was won by his opponent billionaire Francois Pinault in 2010.
LVMH approved to waive its 23% share in Hermes to its shareholders in September 2014, ending a four-year battle to acquire control of the luxury brand.
He existed as its largest individual shareholder until July 2017, when he sold most of his stakes as part of a $13.2 billion deal to strengthen his possession of Christian Dior.
In 2012, he sparked controversy over taxation in France when Belgium’s government announced that Arnault was trying to obtain Belgian citizenship.
He clarified his intent to pay taxes in France. His purpose for petitioning Belgian citizenship was to safeguard an organization he had founded in Belgium to “safeguard the financial interests and wealth” of his successors.
In April 2013, he withdrew his request as a gesture of his attachment to France and his belief in its future.
Milestones Achieved by Bernard Arnault
1949 Bernard Jean Etienne Arnault was born in Roubaix, France.
1971 Graduates from Ecole Polytechnique in Paris.
1971 Enters Ferret-Savinel, his family’s construction company.
1984 Appointed the CEO of luxury goods holding company, Financiere Agache.
1989 Assumes control of LVMH and becomes chairman and CEO.
1999 The company makes an unsuccessful takeover bid for Gucci.
2012 Applies for Belgian citizenship, sparking French tax debate.
2013 Withdraws Belgian citizenship application, as a “gesture” to France.
2013 LVMH acquires cashmere clothier Loro Piana for $2.6 billion.
#4 Bill Gates – $152B
Bill Gates is the co-founder of Microsoft. The owner of the world’s largest software builder holds about 1% of the Redmond, Washington-based corporation.
His remaining fortune is managed through closely held Cascade Investment, which regulates investments in dozens of publicly traded corporations, including Canadian National Railway, Deere, and Ecolab.
Relative Value: Bill Gates’s net worth of $152B can obtain:
• 83.7M troy ounces of gold
• 2.14B barrels of crude oil
And is equal to:
• 0.727% of the GDP of the United States
• 1.81% of the entire revenue of the 500 richest people in the world
• 38.5% of the leading 100 U.S. college endowments
• 2,409% of the top 200 U.S. executives’ total granted allowance
• 6.80% of U.S. existing residence sales
• 2,214,693 times the median U.S. family income
Biography of Bill Gates
Birthdate: 10/28/1955
Family: Divorced, 3 Children
Age: 65
Industry: Technology
Citizenship: United States
Education: President & Fellows of Harvard College
Bill Gates was born to successful parents. His father was a lawyer and his mother was president of the local United Way.
He developed an interest in computers soon after his admission to Seattle’s Lakeside School.
After achieving 1590 on his SATs (out of a possible 1600), he enrolled at Harvard University. It is where his Lakeside friend, Paul Allen, convinced him to take a hiatus to help him create an operating system for the Altair 8800, a new computer developed by Micro Instrumentation & Telemetry Systems.
Thus, Microsoft was created and is now the world’s largest software builder by revenue.
In 1994, Gates married Melinda French, a Microsoft employee whom he had met 7 years before at a press event in New York.
Six years later, after his Microsoft share topped $100 billion, Gates retired as the company’s CEO and started focusing on philanthropic endeavors through the Bill & Melinda Gates Foundation.
He seeks to give most of his equity to philanthropy, a pledge he reaffirmed by signing the Giving Pledge in 2010.
In 2016 November, Gates was awarded the Presidential Medal of Freedom by President Barack Obama.
Milestones Achieved by Bill Gates
1955 William Henry Gates III was born in Seattle.
1975 Gates and Allen registered the name Microsoft.
1981 Incorporates Microsoft in the state of Washington.
1985 The software maker released the first consumer version of Windows.
1986 Microsoft completes its IPO, one day after Oracle’s public offering.
2000 Steps down as Microsoft chief executive officer.
2000 The Bill & Melinda Gates Foundation is established.
2003 Microsoft pays its first revenue.
# 5 Mark Zuckerberg – $135B
Mark Zuckerberg is co-founder and CEO of Facebook. His organization operates as the world’s biggest social network.
His business is headquartered at Menlo Park, California. It had an income of $86 billion in 2020 and has about 2.8 billion active monthly users.
It’s initial public offering in 2012 was the biggest-ever technology IPO at the time.
Relative Value: Mark Zuckerberg’s net worth of $135B can purchase:
• 74.2M troy ounces of gold
• 1.90B barrels of crude oil
And is equivalent to:
• 0.645% of the GDP of the United States
• 1.60% of the aggregate income of the 500 richest people in the world
• 34.1% of the top 100 U.S. college endowments
• 2,137% of the prime 200 U.S. administrators’ aggregate granted allowance
• 6.03% of U.S. existing house sales
• 1,964,215 times the average U.S. family earnings
Biography of Mark Zuckerberg
Birthdate: 5/14/1984
Family: Married, 2 children
Age: 65
Industry: Technology
Citizenship: American
Education: Harvard University (dropout)
Mark Zuckerberg was born in White Plains, New York. He built his fame as a computer programming marvel at the elite boarding school Phillips Exeter Academy.
After completing schooling from Exeter with a major in classics, he entered Harvard University. Then he started Facebook from his dorm with his three friends.
The site soon started circulating to other universities, due to which, Zuckerberg dropped out of Harvard and shifted to Silicon Valley.
In the fall of 2004, he obtained $500,000 in a grant from Peter Thiel.
Stakes from other investment firms quickly came after.
By December 2004, Facebook’s membership attained 1 million users.
In November 2011, Facebook entered a 20-year contract with the Federal Trade Commission to resolve objections that it had violated user privacy.
On May 17, 2012, Facebook sold stakes in an initial public offering on the New York Stock Exchange. Facebook was then the largest technology IPO on the record.
Mark Zuckerberg has promised to donate the majority of his wealth to philanthropy.
He donated $100 million of Facebook stakes to the Newark, New Jersey, public school system in September 2010.
He has also donated 36 million stakes to the Silicon Valley Community Foundation.
Mark Zuckerberg is married to Priscilla Chan.
On the day of birth of his first daughter in December 2015, Zuckerberg announced his intent to donate 99% of his shares in the social network throughout his lifetime to expand philanthropic causes.
Their second daughter was born in August 2017.
Milestones Achieved by Mark Zuckerberg
1984 Mark Elliot Zuckerberg was born in White Plains, New York.
2004 Creates thefacebook.com in Harvard dorm room with three friends.
2004 Raises $500,000 angel investment from venture capitalist Peter Thiel.
2005 The company officially changed its name to Facebook.
2005 Rejects a $1 billion offer to sell Facebook to Yahoo.
2012 Facebook acquires digital photo company Instagram for $1 billion.
2012 Facebook sells shares in what was then the largest technology IPO in history.
2012 The social network crosses the 1 billion members mark.
# 6 Larry Page – $122B
Larry Page is a co-founder of Alphabet, the holding corporation for Google, the world’s greatest search engine operator.
Headquartered in Mountain View, California, the business was set up in 1998.
The corporation attends to about 1 trillion searches a year. It recorded an income of $182.5 billion in 2020.
The group’s units include Gmail, Android, and YouTube.
Relative Value: Larry Page’s net worth of $122B can acquire:
• 67.1M troy ounces of gold
• 1.71B barrels of crude oil
And is equal to:
• 0.583% of the GDP of the United States
• 1.45% of the entire income of the 500 richest people in the world
• 30.8% of the prime 100 U.S. college endowments
• 1,931% of the top 200 U.S. directors’ aggregate granted salary
• 5.45% of U.S. existing house sales
• 1,775,419 times the average U.S. household earnings
Biography of Larry Page
Birthdate: 3/26/1973
Family: Married, 2 children
Age: 48
Industry: Technology
Citizenship: United States
Education: Stanford University, University of Michigan
Larry Page was born in East Lansing, Michigan. He studied computer science at the University of Michigan before pursuing a doctorate at Stanford.
In 1995, he met Sergey Brin, a fellow student, and the duo later worked on a research project called BackRub. It focused on increasing Internet searches by assessing the interconnectivity between various websites.
Hence, Google was created, which was incorporated in 1998 after the duo received $100,000 from investor Andy Bechtolsheim.
The partners served as Google co-presidents until 2001 and appointed former Novell executive Eric Schmidt to become the CEO.
In 2004, Google sold stakes at $85 in a public offering.
In 2016, Google became the world’s biggest Internet company, with a revenue of $90 billion.
Google has been creating forays into other enterprises, which includes the company’s Android operating system.
According to research, it powered 81% of smartphones that were dispatched in the U.S. in 2015.
In 2011, Larry Page took over as CEO after critics started to complain that Google had lost its vigor.
In October 2015, Larry became the CEO of Alphabet, a holding company for Google and its other businesses.
As a patron of cleantech, Larry Page was the first investor in electric-car maker Tesla Motors.
Milestones Achieved by Larry Page
1973 Lawrence Page was born in East Lansing, Michigan.
1995 Enrolls at Stanford for graduate studies; meets Sergey Brin.
1996 Starts a research project on Internet searches with Brin.
1998 Formally incorporates Google with $100,000 in financing.
2001 Steps down as Google co-president after hiring Eric Schmidt.
2004 Google has an initial public offering at $85 a share.
2004 Co-founds philanthropic organization Google.org.
2015 Alphabet holding company structure is disclosed.
#7 Sergey Brin – $118B
Sergey Brin is a co-founder of Alphabet (with Larry Page).
Set up in 1998, the world’s largest search-engine operator – Google is headquartered at Mountain View, California.
In 2020, the company generated a revenue of $182.5 billion. As per the records, it handles nearly 1 trillion searches a year.
The company’s associations include Gmail, Android, and YouTube.
Relative Value: Sergey Brin’s net worth of $118B can acquire :
• 68.7M troy ounces of gold
• 1.72B barrels of crude oil
And is equivalent to:
• 0.566% of the GDP of the United States
• 1.41% of the entire revenue of the 500 richest people in the world
• 29.9% of the prime 100 U.S. college endowments
• 1,876% of the top 200 U.S. administrators’ total granted income
• 5.30% of U.S. existing house sales
• 1,724,415 times the average U.S. household earnings.
Biography of Sergey Brin
Birthdate: 8/21/1973
Family: Divorced, 3 children
Age: 47
Industry: Technology
Citizenship: United States
Education: Stanford University, University of Maryland, University of Maryland
Sergey Brin is the youngest of Google’s co-founders. At the age of 6, he fled the Soviet Union with his family.
His father was a mathematician. Sergey Brin studied math and computer science at the University of Maryland.
Brin ultimately pursued a doctorate at Stanford, where he met his future partner, Larry Page.
In 1998, the team of two built a search engine in a friend’s garage, eventually establishing Google.
In 2004, the duo started selling stakes in public offerings.
10 years later, in 2011, as ahead of technology, Brin took on a new role as director of special projects, including a robotics lab.
Now, he is the director of Alphabet and other corporations.
The billionaire also obtains small shares in electric-car maker Tesla and 23andMe, a genome-mapping firm launched by his ex-wife, Anne Wojcicki.
He has donated millions to study Parkinson’s disease.
Milestones Achieved by Sergey Brin
1973 Sergey Brin was born in Moscow.
1979 At the age of six emigrates from the Soviet Union with his parents.
1993 Begins his studies at Stanford after obtaining a graduate fellowship.
1996 Starts a research project on Internet searches with Larry Page.
1998 Formally incorporates Google after securing $100,000 in financing.
2001 Steps down as Google chairman; becomes president of technology.
2004 Google has an initial public offering at $85 a share.
2015 Alphabet holding company structure is announced.
#8 Steve Ballmer – $104B
Steve Ballmer is the ex-CEO of Microsoft. He retired in 2014 and continues as a shareholder in Redmond, headquartered in Washington.
Redmond makes the Windows operating system, the Xbox game console, and Surface tablet computers.
Steve Ballmer also owns a basketball team called the L.A. Clippers.
Relative Value: Steve Ballmer’s net worth of $104B can acquire:
• 57.0M troy ounces of gold
• 1.46B barrels of crude oil
And is equivalent to:
• 0.495% of the GDP of the United States
• 1.23% of the entire revenue of the 500 richest people in the world
• 26.2% of the prime 100 U.S. college endowments
• 1,642% of the top 200 U.S. directors’ total granted reimbursement
• 4.63% of U.S. existing house sales
• 1,509,234 times the average U.S. household earnings.
Biography of Steve Ballmer
Birthdate: 3/24/1956
Family: Married, 3 children
Age: 65
Industry: Technology
Citizenship: United States
Education: Harvard University
Steve Ballmer is born to a Ford manager who assisted as an interpreter at the Nuremberg trials. As a child, Ballmer attended math camp.
He attended Harvard University, where he majored in math and economics, and also supervised the football team and more importantly, for the future of personal computing he lived down the hall from Microsoft co-founder Bill Gates.
After graduating from Harvard, he retailed Duncan Hines Moist ‘n Easy cake mix at Procter & Gamble. There he shared a cubicle with Jeffrey Immelt.
Bill Gates convinced him to drop out of Stanford University business school after one year to join Microsoft as employee No. 30 in 1980.
He obtained the rank of president in Microsoft.
In 2000, he took over as CEO of Microsoft for Gates.
Though Microsoft’s income tripled under Ballmer’s term, the corporation lagged behind Apple and Google in areas like mobile phones, tablet computers, and internet search.
To brace the shortfall, Ballmer purchased the internet communications firm Skype for $8.5 billion in 2011.
In February 2014, he retired from Microsoft, and in May, he became its largest individual shareholder after Bill Gates sold 4.6 million stakes.
In 2014, Ballmer bought the NBA basketball franchise L.A. Clippers for $2 billion.
That very year, he established Ballmer Group with his wife Connie.
The philanthropic vehicle finances drive to enhance financial mobility for children and families in the U.S.
Milestones Achieved by Steve Ballmer
1956 Steven Anthony Ballmer was born in Detroit, Michigan.
1974 Enrolls at Harvard, where he meets Bill Gates.
1977 Graduates from Harvard with a degree in maths and economics.
1980 Drops out of Stanford business school to join Microsoft.
1998 Appointed as the president of Microsoft.
2000 Gates resigns as the chief executive officer, entrusts the position to Ballmer.
2001 Releases Xbox, Microsoft’s first consumer electronics product.
2010 After a seven-year hiatus, sells $2 billion of Microsoft stock.
2014 Buys L.A. Clippers for $2 billion.
2015 Builds 4 percent share in microblogging site Twitter.
#9 Larry Ellison – $103B
Larry Ellison is the creator and largest shareholder of Oracle. The database business had an income of more than $40 billion in the year to May 31, 2021.
He holds about a third of Redwood City, a company based in California, as well as a stake in Tesla.
His other equities include a sailing team, the Indian Wells tennis event, and real estate, include biggest asset ORCL US Equity
Relative Value: Larry Ellison’s net worth of $103B can purchase:
• 56.8M troy ounces of gold
• 1.47B barrels of crude oil
And is equivalent to:
• 0.494% of the GDP of the United States
• 1.23% of the entire income of the 500 richest people in the world
• 26.1% of the prime 100 U.S. college endowments
• 1,636% of the top 200 U.S. directors’ aggregate granted allowance
• 4.62% of U.S. existing house sales
• 1,504,222 times the average U.S. household earnings
Biography of Larry Ellison
Birthdate: 8/17/1944
Family: Divorced, 2 children
Age: 76
Industry: Technology
Citizenship: United States
Education: the University of Illinois at Urbana-Champaign
Larry Ellison was raised on the south side of Chicago. When he was 9 months old, he was adopted by his mother’s aunt and uncle.
He dropped out of the University of Illinois and University of Chicago and moved to Berkeley, California, accepting a computer programming job at Ampex. There he worked on a database called Oracle for the Central Intelligence Agency.
With two companions, Ellison established what eventually came to be Oracle in 1977.
On March 12, 1986, the corporation sold stakes in an initial public offering, which was just a day before Microsoft’s initial public offering.
At present, he holds more than 1.1 billion shares and options, roughly 25 % of the world’s third-largest software business by revenue.
He also owns shares in database company Netsuite and education platform builder Leapfrog Enterprises.
Ellison has compensated hundreds of millions of dollars on luxury real estate in the past decade. Some of his possessions include properties in Malibu, California, a home and private golf course in Rancho Mirage, California, the Astor Beechwood Mansion in Newport, Rhode Island, and property in Woodside, California, designed on 16th-century Japanese feudal architecture.
Also an avid sailor, he partly funded the BMW Oracle Racing team, which won the America’s Cup in February 2010.
Later that year, Ellison sold his share in Rising Sun, a 138-meter mega-yacht, to billionaire David Geffen.
His Oracle Team USA defended America’s Cup in October 2013, beating a team from New Zealand.
Larry Ellison signed the Giving Pledge in 2010, pledging to donate at least 95% of his revenue to philanthropic purposes.
In September 2014, Ellison retired as Oracle CEO, obtaining the titles of Chairman and Chief Technology Officer.
Milestones Achieved by Larry Ellison
1944 Lawrence Joseph Ellison was born in the Bronx, New York.
1978 Creates first commercial relational database.
1986 Oracle obtains its public offering, one day before Microsoft’s IPO.
2009 Acquires BNP Paribas tennis tournament and Indian Wells Tennis Garden.
2010 Oracle buys Sun Microsystems for $7.4 billion cash.
2010 Beats sailing rival Ernesto Bertarelli to win the 33rd America’s Cup.
2011 Reveals Oracle Public Cloud to help the company’s software platforms.
2016 Oracle completes a purchase of NetSuite for $9 billion.
#10 Warren Buffett – $102B
Warren Buffett is the chairman and largest shareholder of Berkshire Hathaway.
The investment organization has provided a 20% combined annual revenue in market value since 1965.
Based in Omaha, Nebraska, the company owns Geico, Clayton Homes, and Dairy Queen, and has shares in Coca-Cola and American Express.
Relative Value: Warren Buffett’s net worth of $102B can acquire :
• 56.0M troy ounces of gold
• 1.43B barrels of crude oil
And is equivalent to:
• 0.486% of the GDP of the United States
• 1.21% of the total income of the 500 richest people in the world
• 25.7% of the prime 100 U.S. college endowments
• 1,612% of the top 200 U.S. administrators’ total granted allowance
• 4.55% of U.S. existing house sales
• 1,481,850 times the median U.S. household earnings.
Biography of Warren Buffett
Birthdate: 8/30/1930
Family: Married, 3 children
Age: 90
Industry: Diversified
Citizenship: United States
Education: Columbia University, University of Nebraska
Warren Buffett was born in Nebraska. He revealed an early ability for earning money by delivering newspapers and selling candy and magazines door-to-door.
He purchased his first stock a year after visiting the New York Stock Exchange at age 11: three best shares of Cities Service.
In 1950, Warren Buffett applied for Columbia University after finding out that Benjamin Graham and David Dodd, authors of the publication “The Intelligent Investor,” taught there.
He got a master’s degree in economics.
Before starting his investment company Buffett Partnership, he worked as an insurance analyst and stockbroker.
In 1962, he started purchasing stakes of bankrupt textile manufacturer Berkshire Hathaway, eventually taking over as chairman and employing it as a holding firm.
Since then, he has reimbursed more than 20% of the combined value yearly.
Recognized as a buy-and-hold value investor, Buffett typically acquired stakes in or purchased entirely from the firms whose business strategies he’d easily understand.
During the recession of the late 2000s, he acted as a white knight-at-large, reaching to the rescue of Goldman Sachs, General Electric, and Swiss Re, while terminating appeals from Lehman Brothers Holdings.
In 2009, he made what he called a big bet on the American economy, purchasing Burlington Northern Santa Fe for $34 billion.
Buffett has sworn to donate most of his wealth by his death. The majority of his revenue will be going to the Bill & Melinda Gates Foundation.
Milestones Achieved by Warren Buffett
1930 Warren Edward Buffett was born in Omaha, Nebraska.
1951 Graduates from Columbia University with an economics degree.
1952 Marries Susan Thompson. The couple has three children together.
1959 Introduced to Charlie Munger, who becomes a lifelong business partner.
1970 Becomes chairman and CEO of Berkshire Hathaway.
1976 Berkshire shares rise more than 129 percent (their biggest gain).
2006 Marries Astrid Menks two years after the death of their first wife, Susan.
2013 Berkshire Hathaway and 3G decide to purchase Heinz for $23 billion.
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Frequently Asked Questions
As per the Forbes’ Real-Time Billionaires rankings, Bernard Arnault is the richest person in the world.
He is the Chairperson and CEO of the French luxury empire LVMH Moët Hennessy Louis Vuitton. He has beaten Jeff Bezos to rank #1 and his net worth is estimated to be $197.5B.
We cannot predict who will be the richest man in the world, but as of recent net worth, Bernard Arnault holds the title of the world’s richest man.
The billionaire’s rankings change depending on their altering net worth.
Though we cannot predict who will be the richest person in 2021.
If we were to decide from the top five, then we can expect one of these billionaires to become the richest person in 2021.
1. Bernard Arnault,
2. Jeff Bezos,
3. Elon Musk,
4. Bill Gates,
5. Mark Zuckerberg.
