The top ten richest people in the world are often overlooked, but there are some notable exceptions. For example, a man from Vietnam has made it onto the list: Pham Nhat Vuong. He is the first person from that country to be named on the list. In addition to Bezos, Musk, Ambani, and Buffet are all in their mid-thirties. While they may seem like the top dogs on this year’s list, their wealth is still relatively modest compared to their peers.
While Bezos is among the world’s wealthiest people, he is also one of the least generous. He has donated less than Bill Gates or Warren Buffett and has not yet joined The Giving Pledge. This initiative asks the world’s richest people to donate half of their wealth to charity. Bill Gates and Warren Buffett have already committed to The Giving Pledge, but Bezos has not yet joined.
The net worth of Jeff Bezos dropped by $20 billion on Friday, as Amazon shares tumbled after the company released its quarterly earnings report. It has fallen to $150 billion, making the CEO the third-richest person in the world. His rival Elon Musk has been teasing Bezos for controlling the book publishing industry. Meanwhile, Tesla CEO Elon Musk is on the verge of buying Twitter for $44 billion. Whether or not Elon Musk is right will depend on how successful he is at his latest endeavor.
Bezos has built his fortune through his businesses. He started Amazon in 1994 and stepped down as CEO in 2021. He still serves as the executive chairman of the company and has other ventures, including Blue Origin.
The Amazon CEO’s net worth has fallen by over $57 billion since the peak of his wealth in June 2018. The company’s stock price has already dropped by over 23% year-to-date. The stock price has been hit by the post-pandemic slowdown in online spending, rising labor costs, and inflation. Despite the recent decline in the stock market, Bezos has continued to double date Lauren Sanchez, the wife of one of the richest men in the world.
It is no surprise that the second richest person in the world was born in Nebraska. As a child, he had an early interest in business, delivering newspapers, and selling candy, and magazines door to door. At age eleven, he bought his first stock, three preferred shares of Cities Service. After graduating from high school, he decided to pursue an education at Columbia University. There, he studied under Benjamin Graham and David Dodd. While there, he began to work as a stockbroker and securities analyst before launching his firm, The Buffett Partnership.
Today, Warren Buffett owns more than 60 companies, including Dairy Queen restaurants, Berkshire Hathaway, and Geico Insurance. His company, Berkshire Hathaway, has a market value of over $4 trillion, making him the world’s richest person. Almost half of his wealth was earned after he was 52 years old. As of 2011, he has become one of the richest people in the world.
The average American family had an income of just $24,900 in 1986. By the end of the decade, Buffett’s net worth had doubled. His class A shares closed at $398,840 on Wednesday, passing the Google co-founder Larry Page. The company’s growth has continued and Buffett pledged to donate the vast majority of his wealth to his five foundations. While most people on this list are men, most have lost a significant portion of their wealth.
Although Buffett is a child, he displayed entrepreneurial instincts at a young age. He began selling supplies to his neighbors for profit. At the age of 11, he bought his first stock and now has a net worth of more than $100 billion. Buffett earned his fortune by purchasing his first stock. The amount of money that he earned on his first purchase is approximately $60,000 today.
Bill Gates and Elon Musk are two of the richest people in the world. Bill Gates is the co-founder of Microsoft and the former CEO. Gates stepped down from his board in 2020 and has spent the last couple of years working on zero-carbon energy and philanthropic work. He and his wife Melinda have donated more than US$36 billion (roughly Rs. 2,68,016 crores) to fight disease and injustice. Both men have net worths of $124 billion.
While Musk is the highest-profile billionaire, he is not the only billionaire with a fortune in the cryptocurrency space. Adani, the head of one of the largest industrial conglomerates in India, plans to invest $70 billion in the renewable energy sector in the coming years. Another tech billionaire, Cameron, and Tyler Winklevoss have an estimated net worth of $4 billion.
Other billionaires include Arnault, the controlling shareholder of Louis Vuitton and the CEO of SpaceX. Bezos topped the Forbes list in 2021 but stepped down as Amazon CEO in July. Musk recently announced takeover plans for a major social media platform in April 2022. In the meantime, he got approval from the Twitter board to buy the social media platform.
Currently the richest person in the world, Elon Musk is working on creating a better way to travel. With his electric car company Tesla and SpaceX, Elon Musk is making history on the ground and in space. His company Tesla will soon become the world’s most valuable automobile maker in October 2021. A deal to purchase Twitter for $44 billion is expected to close by 2022.
Mukesh Ambani has accumulated an enormous net worth in the past few years. He is one of the most successful businessmen in India, with a multi-billion dollar fortune. Reliance Industries Limited, the company he founded with his father in 1957, has a market cap of $38 billion and is one of the largest private companies in the world by subscriber count. In addition to telecom and other industries, the company is the largest exporter in India.
The Forbes list also features other billionaires with a net worth of $98.5 billion. The list includes Larry Page, co-founder, and CEO of Google. Sergey Brin, who is the president of Alphabet, is the controlling shareholder of the company. Mukesh Ambani is an Indian businessman with a $98.5 billion net worth. Forbes also includes a list of the 10 richest people in the world.
Reliance Industries founder Mukesh Ambani is one of Asia’s richest people. His net worth is $75.1 billion, and he recently surpassed Warren Buffet and Oracle’s Larry Ellison. Ambani’s wealth has risen so dramatically that he is the only Asian on the Bloomberg Billionaires Index. Unlike the other seven billionaires, Ambani has diversified beyond oil and energy to include digital platforms and retail.
Musk is another billionaire. The CEO of Tesla, SpaceX, he has a net worth of $233.7 billion. Bernard Arnault and his family of LVMH are the world’s second richest people, with a net worth of $157.0 billion. Their net worth grew by $2.6 billion in the past year alone. The list also includes France’s Pham Nhat Vuong, whose net worth is estimated to reach $223.6 billion.
The wealth of Larry Page and his family has been well documented in the media. The tech entrepreneur has two billion-dollar homes, two flying cars, and a luxury yacht called “Senses.” His yacht has six decks, a helipad, a gym, and luxury suites. He has also been known to spend time at sea in his jet. Having so much wealth and a desire to give back to society, Larry Page has even taken an interest in saving the environment by creating green technology.
The co-founder of Google, Larry Page’s net worth is estimated at $100.0 billion. The billionaire has invested in several startups including Opener and Kitty Hawk. He has also developed the PageRank algorithm, which facilitates mathematical website interlinking. The algorithm is depicted in a diagram that illustrates the size-percentage correlation between circles. In 2014, he was the eighth richest person in the world.
As CEO of Google, Larry Page was able to acquire many of the companies it owns. He was also instrumental in the acquisition of Android, which quickly became the leading mobile operating system in the world. Moreover, he helped Google acquire YouTube. As CEO of Alphabet, Page continues to serve on the company’s board and is also a founding investor in many other tech companies.
Google’s founders, Larry Page and Sergey Brin have a combined net worth of $126 billion. During the last year, they were tied for a twenty-fourth place on the list. While Bill Gates was the founder of Microsoft, Larry Page and Brin were a partnership in the garage. They grew their business together. Google’s market cap currently stands at $377.5 billion.