billionaires of the world

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billionaires of the world

billionaires of the world The list of the world’s richest persons can vary from year to year, depending on their latest net worth and financial performance. Here is the latest list of the world’s top 10 richest persons, based on the real-time Bloomberg billionaires Index of September 16, 2022 and some interesting facts about each of them.

billionaires in the world

1. Elon Musk – $264 billion

Elon Musk is working to revolutionise transportation both on Earth, through electric car maker Tesla – and in space, via rocket producer SpaceX. Elon Musk’s electric car company Tesla is now valued at nearly $800 billion, currently, his net worth is $264 billion. Musk’s rocket company, SpaceX is now valued at nearly $100 billion. Tesla has become the world’s most valuable automaker with a market capitalisation of $800 billion in October 2021.

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2. Jeff Bezos – $150 billion

Amazon founder and CEO Jeff Bezos has a net worth of $150 billion and ranks as the second richest person on the earth today. His position remains the same even after divorcing his wife MacKenzie in 2019 and transferring a quarter of his stake in Amazon to her. Bezos founded the behemoth Amazon in 1994 out of his garage in Seattle. The e-commerce giant has reaped the benefits of this coronavirus pandemic, with more people shopping online.

3. Gautam Adani and family – $149 billion

Promoter of the Adani Group, Gautam Adani has segregated his multi million business fortune into energy, logistics, agriculture, aerospace and other sectors. The Adani Group is a multinational conglomerate dealing with port operations and developments in India, making Adani the richest man in Asia.

4. Bernard Arnault & Family – $139 billion

LVMH – France Chairman and CEO Bernard Arnault is the fourth richest person on the earth today . His net worth is $139 billion resulting from his business across an empire of more than 70 brands including Louis Vuitton and Sephora. French businessman and Europe’s richest man Bernard Arnault earned the $100 billion fortune last year in December.

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5. Bill Gates – $113 billion

The cofounder of Bill & Melinda Gates Foundation, Bill Gates has a net worth of $113 billion. Having founded the software giant Microsoft along with Paul Allen, Bill Gates eventually sold away much of his stakes in the company retaining just 1% of the shares and investing the rest in stocks and other assets. Bill Gates entered the $100 billion club last year in April when Microsoft share price surged post-earnings. The Bill & Melinda Gates Foundation is the world’s largest private charitable foundation.

6. Warren Buffet – $96.6 billion

billionaires in the world
billionaires in the world

Popularly known as the Oracle of Omaha, Warren Buffet is seen as one of the most successful investors of all times. He runs Berkshire Hathaway that owns over 60 companies including the famous ones Geico insurance, Duracell, Dairy Queen Restaurant. His net worth is $96.6 billion. The son of a US congressman, he bought his first stock at the age of 11.

7. Larry Page – $94.9 billion

Larry Page, the cofounder of Google has a net worth of $94.9 billion and ranks in the seventh position among the world’s richest persons. He has also invested in Planetary Resources, the famed space exploration company, and is also funding “Flying Car”, startup companies Kitty Hawk and Opener.

8. Mukesh Ambani – $91.0 billion

The founder and chairman of Reliance Industries has his interests across petrochemicals, oil and gas, retail and telecom. The launch of 4G phone services in the Indian telecom market by Reliance in 2016 spiked a price war creating strong whirls and sending several networks out of business.

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9. Sergey Brin – $90.8 billion

The co-founder and board member of Alphabet, Sergey Brin has a net worth of $90.8 billion which ranks him in the eighth position among the world’s richest persons. He co-founded Google along with Larry Page in 1998 which went public in 2004 and became Alphabet in 2015.

10. Larry Ellison – $90.3 billion

Larry Ellison has a net worth of $90.3 billion which he earned from Oracle, the software firm he cofounded in 1977. He quit as the CEO of the company in 2014 and since then he functions as the chairman of the board and chief technology advisor of the company. Ellison has also been on the board of Tesla since December 2018 after he purchased 3 million shares earlier that year. He owns nearly all of Hawaiian island Lanai.

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