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Top 10 Richest People In The World : Net Worth

Top 10 Richest People In The World : Net Worth 2021

Richest People In The World – In 2020, 2,095 billionaires were recorded on Earth, with an estimated total net worth of $8 trillion. In regards to this , the top 10 Richest People In The World account for $1,128.50 billion, or roughly 14.11%, which is impressive when you consider that they represent around 0.48% of billionaires.

Below are the 10 People considered the Richest at the time of 24 February 2021—according to Bloomberg’s Billionaires Index.

Before Digging to 10 Richest People In The World lets look at what most people ask about the topic in question ;

Who is No 1 richest person in the world 2021?

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.4 6 A portion of the proceeds from this endeavor were then reinvested to create X.com, an online payment system that later became PayPal. While both of these systems were eventually sold to other companies, Musk has maintained his status as CEO and lead designer of his third project, Space Exploration Technologies (SpaceX), which aims to make space exploration more affordable.

Who is a trillionaire 2021?

According to Comparison, a company which allows small- to medium-sized firms to compare different business products, the world’s first trillionaire will likely be Amazon founder and CEO Jeff Bezos.

Which country has the most Trillionaires?

Here are countries and the Number of billionaires ;

RankCountry/TerritoryNumber of
billionaires
1 United States614
2 China389
3 Germany107
4 India102
5 Russia99
6 Hong Kong66
7 Brazil45
8 Canada44
9 France39
10 Italy36

Top 10 Richest People In The World

Here are list of the Top 10 Richest People In The World ;

Elon Musk Net Worth: $197 billion
Elon Musk Net Worth: $197 billion

The current richest man in the world, Elon Musk has had his hands in several different companies over the years.2 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. While both of these systems were eventually sold to other companies, Musk has maintained his status as CEO and lead designer of his third project, Space Exploration Technologies (SpaceX), which aims to make space exploration more affordable.

In 2004, Musk became a major funder of Tesla Motors (now Tesla), which led to him being retroactively declared a co-founder and his current position as CEO of the electric vehicle company.

In addition to its line of electric automobiles—which include sedans, sport utility vehicles (SUVs), and the “Cybertruck” announced in 2019—Tesla also produces energy storage devices, automobile accessories, merchandise, and, through its acquisition of SolarCity in 2016, solar power systems. In 2020, Telsa’s stock price experienced an astronomical surge, having risen 705% from the start of the year to mid-December.

It joined the S&P 500 that same month, the largest company added thus far.

2. Jeff Bezos Net Worth: $182 billion
 Jeff Bezos Net Worth: $182 billion

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after he resigned from the hedge fund giant D.E. Shaw. In fact, he had originally pitched the idea of an online bookstore to his former boss David E. Shaw, who wasn’t interested.19

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.” 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.

3. Bill Gates Net Worth: $132 billion

Bill Gates Net Worth: $132 billion

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 in his junior year and went on to found Microsoft with Allen.

In addition to being the the largest software company in the world, Microsoft also produces its own line of personal computers, publishes books through Microsoft Press, provides email services through its Exchange server, and sells video game systems and associated peripheral devices. Originally Microsoft’s chief software architect, Gates later transitioned to the role of the chairman in 2008. He had joined Berkshire Hathaway’s board in 2004. He later stepped down from both boards on March 13, 2020.

4. Bernard Arnault Net Worth: $109 billion
Bernard Arnault Net Worth: $109 billion

French national Bernard Arnault is the chairman and CEO of LVMH, the world’s largest luxury goods company. This business owns some of the biggest brands on earth, including Louis Vuitton, Hennessey, Marc Jacobs, Sephora, and many more. The majority of his wealth, however, actually comes from his massive stake in Christian Dior SE, the holding company that controls 41.2% of LVMH. His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company Group Arnault S.E.

An engineer by training, Arnault’s business chops became apparent while working for his father’s construction firm, Ferret-Savinel, which he would take control of in 1971. He later converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979.

5. Mark Zuckerberg Net Worth: $95.6 billion
Mark Zuckerberg Net Worth: $95.6 billion

Mark Zuckerberg first developed Facebook alongside fellow students Eduardo Saverin, Dustin Moskovitz, and Chris Hughes while attending Harvard University in 2004. As Facebook began to be used at other universities, Zuckerberg dropped out of Harvard to focus entirely on his growing business. Today, Zuckerberg is the CEO and chairman of Facebook, which had more than 2.7 billion monthly active users as of Q3 2020.

Facebook is the world’s largest social networking service, enabling its users to create a personal profile, connect with friends and family, join or create groups, and much more. As the website is free to use, most of the company’s revenue is generated through advertising. Facebook (the company) is also host to several other brands, including photo-sharing app Instagram, which it acquired in 2012; cross-platform mobile-messaging service WhatsApp and virtual-reality–headset producer Oculus, both acquired in 2014; Workplace, its enterprise-connectivity platform; Portal, its line of video-calling devices; and Novi, its digital wallet for the Diem payment system.

6. Warren Buffett Net Worth: $88.3 billion
6. Warren Buffett Net Worth: $88.3 billion

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.62 He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965.60 63 He expanded the company to insurance and other investments in 1967.64 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 2021.65

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.60 61 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.66 67 He is also a noted Bitcoin skeptic.68 Additionally, Buffett has also outright purchased a lengthy list of companies over the years, including Dairy Queen, Duracell, Geico, and Kraft Heinz

7. Zhong Shanshan Net Worth: $84.7 billion
Zhong Shanshan Net Worth: $84.7 billion

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. Later, as a beverage sales agent, he went on to establish a bottled water distributing business in Hainan. Zhong founded his first business, health products company Yangshengtang, in 1993.

Three years later, Zhong founded Nongfu Spring, a bottled water manufacturer, though it would later expand to other beverage products, such as coffee, and food products, like rice and yogurt. By 2012, Nongfu Spring had become the largest bottled water company in all of China. In 2019, it became one of the top three producers of bottled tea and juice in the Chinese market.

8. Larry Page Net Worth: $81.7 billion
 Larry Page Net Worth: $81.7 billion

Like several tech billionaires on this list, Larry Page’s claim to fame got its start in a college dorm room. While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving data extraction capabilities while accessing the Internet. The duo devised a new type of search engine technology they dubbed “BackRub,” named after its ability to analyze “backing links.” From there, Page and Brin went on to found Google in 1998, with the former serving as CEO of the company until he stepped down in 2001.

Google is one of the largest Internet search engines on the planet, accounting for more than 70% of global online search requests. In 2006, Google (the company) expanded by purchasing Youtube, the biggest platform for user-submitted videos. Then, 2008 saw the release of the first mobile phone utilizing the Android operating system, which was originally developed by Android Inc. prior to Google acquiring the company in 2005. Today, Google is a subsidiary of Alphabet, a holding company for which Page served as CEO between 2015–2019.

9. Sergey Brin Net Worth: $79.1 billion
 Sergey Brin Net Worth: $79.1 billion

What makes Google unique, compared to the other companies featured on this list, is that its co-founders are relatively close in terms of total wealth. Sergey Brin’s involvement in Google follows a similar path to Page’s. After the duo founded in the company in 1998, Brin served as co-president alongside Page until Eric Schmidt took over as CEO in 2001. Similarly, after founding Alphabet in 2015, Brin acted as the holding company’s president before stepping down in 2019 when Sundar Pichai took over as CEO.

In addition to being a highly popular search engine, Google also offers a suite of online tools and services, known as Google Workplaces, which includes Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, Google Slides, and more. In addition to software, Google also deals in a wide variety of electronic devices, including its Pixel smartphones, its Pixelbook computers and tablets, its Nest smart home devices, and its Stadia gaming platform.

10. Larry Ellison Net Worth: $79.1 billion
Larry Ellison Net Worth: $79.1 billion

After dropping out of the University of Chicago in 1966, Larry Ellison moved to California and worked as a computer programmer for several companies over the years. First, in 1973, he was an employee of the electronics company Ampex, where he met his future partners Ed Oates and Bob Miner. Three years later, Ellison joined Precision Instruments, serving as the company’s vice president of research and development. By 1977, Ellison had founded Software Development Laboratories (SDL) alongside Oates and Miner, which, two years later, released Oracle, the first commercial relational database program to utilize Structured Query Language. The database program proved so popular that SDL would change its name to Oracle Systems Corporation in 1982. Additionally, Ellison joined Tesla’s board in Dec. 2018.

Oracle is the second largest software company and provides a wide variety of cloud computing programs as well as other software, such as Java and Linux, and the Oracle Exadata computing platform. The business has also grown through the acquisition of several major companies, including human-resources-management–systems provider PeopleSoft in 2005, customer-relationship-management–applications provider Siebel in 2006, enterprise-infrastructure–software provider BEA Systems in 2008, and hardware-and-software developer Sun Microsystems in 2010.

In Conclusion

If you are dreaming of being part of Bloomberg’s richest billionaires list, you might need to become a technological innovator or a retail king. Or you can keep it simple and focus on value investing. It also wouldn’t hurt to start out by coming from wealth, as Arnault and some other super-wealthy individuals did—think Jim Walton (#16 on Bloomberg’s Billionaire Index) and Charles Koch (#19). However, the greatest fortunes on the list started as great ideas.

Article Source ; Investopedia Richest People In The World

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