Top 10 richest persons in the world

Billionaires wield enormous power in the global economy, politics, and philanthropy. The richest of them belong to an even more elite club and wield considerably more power. A significant percentage of the riches of several of these billionaires are still invested in the tech conglomerates they founded. According to Forbes, there are 2,668 billionaires today, but who are the top 10 richest persons in the world? Let’s find out

Elon Musk

Co-founder and CEO: Tesla

Net worth: $228 billion

Elon Musk attended a university in Canada before deciding to attend the University of Pennsylvania to study economics and physics. Two days later, Musk left his graduate physics course at Stanford University to start Zip2, one of the first internet directions services. He used a portion of the proceeds from this startup to launch X.com, an online payment system purchased by eBay and later renamed PayPal Holdings. In 2004, Musk became a big investor in Tesla Motors (now Tesla), which helped him advance to his present role as CEO of the electric vehicle firm. Musk is the founder and CEO of the space launch rocket business Space Exploration Technologies (SpaceX).

Jeff Bezos

Founder and Executive Chair: Amazon 

Net worth: $144 billion

In 1994, shortly after leaving the hedge fund titan D.E. Shaw, Jeff Bezos founded Amazon.com in a Seattle garage. Though it began by selling books, Amazon has since evolved into a one-stop shop for everything, and it is expected to overtake Walmart as the world’s largest retailer by 2024. Bezos owned up to 16% of Amazon in 2019 before transferring 4% to his ex-wife Mackenzie Scott as part of their divorce settlement. On July 5, 2021, Bezos will step down as CEO of Amazon to become executive chairman.

Bernard Arnault

CEO and Chair: LVMH 

Net worth: $141 billion

Bernard Arnault serves as chairman and CEO of LVMH, the largest producer of luxury goods in the world. Louis Vuitton, Hennessey, Marc Jacobs, and Sephora are among the LVMH labels. Most of Arnault’s wealth is derived from his massive stake in Christian Dior SE, the holding company that owns 41.2% of LVMH. His family-owned holding company, Groupe Familial Arnault, owns a 6.2% stake in Christian Dior SE and a 6.2% stake in LVMH.

Gautam Adani

Founder and Chair: Adani Group

Net worth: $125 billion

Gautam Adani is an Indian entrepreneur and businessman born on June 24, 1962, in Ahmedabad, Gujarat, India. He is a well-known personality in India, and millions of young people recognize him as an entrepreneur. Gautam Adani is the founder, chairman, and president of the Adani Group and the Adani Foundation. The largest port manager, producer of thermal coal, and coal trader in India right now is Adani.

Bill Gates

Co-founder: Microsoft 

Net worth: $111 billion

William Henry Gates III, better known as Bill Gates around the world, was born on October 28, 1955, in Seattle, Washington, USA. He established the Bill and Melinda Gates Foundation and Microsoft.

Bill Gates’ total net worth is $111 billion, and he owns 1.3% of Microsoft, worth $25.6 billion. Aside from that, he owns $51.8 billion in Cascade Investment LLC and $52.4 billion in cash.

Warren Buffett

CEO: Berkshire Hathaway

Net worth: $98.2 billion

Warren Edward Buffett is the sixth richest person in the world as of October 2022. He was born in Omaha, Nebraska, on August 30, 1930, and has a net worth of $98.2 billion.

In 1962, he purchased his first shares in the textile company Berkshire Hathaway; by 1965, he had gained control of the majority of the corporation. In 1967, Buffett increased the company’s holdings with new ventures such as insurance. Currently, Berkshire Hathaway has a $705 billion market capitalization.

Larry Page

Co-founder and Board Member: Alphabet 

Net worth: $93.6 billion

In 1995, Larry Page and his friend Sergey Brin came up with the concept to enhance internet data extraction while they were both students at Stanford University. The duo developed Backrub, a new search engine technology that gets its name from its capacity to assess links to a page. In 1998, Page and Brin co-founded Google. Page led the company as CEO from 2011 to 2019 and again from 2001 to 2001.

The business bought YouTube in 2006. Google acquired Android in 2005, and in 2008 the Android mobile operating system was made available. In 2015, Google underwent a reorganization and became a division of holding company Alphabet.

Sergey Brin

Co-founder and Board Member: Alphabet 

Net worth: $89.6 billion

Sergey Mikhailovich Brin is an American businessman and well-known computer scientist born on August 21, 1973, in Moscow, Russian SFSR, Soviet Union.

Sergey Brin has an estimated net worth of $89.6 billion, which includes a 6% stake in Alphabet Inc (worth $75.4 billion) and $14.2 billion in cash.

Steve Ballmer

Owner, Angeles Clippers

Net worth: $88.4 billion

Steven Anthony Ballmer, the former CEO of Microsoft, was born on March 24, 1956, in Detroit, Michigan, United States of America.

His net worth is $88.4 billion as of October 2022, and he owns a 4% stake in Microsoft, which is worth $79.4 billion. He also holds a $3.16 billion stake in the Los Angeles Clippers and $5.8 billion in cash.

Mukesh Ambani

Chairman and CEO, Reliance Industries

Net worth: $83.7 billion

Mukesh Ambani serves as chairman and CEO of Reliance Industries, the largest oil refiner in the world and one of the most valuable companies in the world.

Dhirubhai Ambani, Ambani’s father, began the conglomerate in 1966 as a textiles business. It is now one of India’s top economic sectors. Oil and gas, petrochemicals, refining, retail, and media are among Reliance’s business ventures.

His total net worth is $83.7 billion, of which he owns 42% of Reliance, worth $84.2 billion. He also has a $410 million stake in real estate.

Key Takeaways

• The world’s richest people list can change yearly, depending on their most recent net worth and financial performance.
• Nearly 40% of the top 100 richest people in the world are Americans, accounting for four out of every ten.
• India now has seven of the world’s top 100 richest people.

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Liked this blog? Read next: Don’t miss the list of the top 10 richest countries in the world

FAQs

Q1. Which country will have the most billionaires?

Ans – The United States has the most billionaires, with 724 in total.

Q2. Who was the first billionaire?

Ans – In 1916, American oil magnate John D. Rockefeller became the world’s first confirmed billionaire.

Q3. Who is the world’s youngest billionaire?

Ans – Alexandr Wang was a math whiz as a kid who enjoyed competing in national math and coding competitions.