By investing in industries, creating job opportunities, and having a take on economic policies, billionaires make a significant impact on the global economy.
After qualifying various preliminary surveys done by reputed media and publishing companies, the title of being the “richest person in the world” captures the fascination of millions. Rising numbers of billionaires have awakened curiosity and debate about the giants and wealthiest of the industry and innovation.
Taking into account several criteria like tax payments, high-value assets, real estate, and company ownership, we have curated the list of the top 10 richest people for you. Having a net worth of more than 450 Billion USD, the individuals on the list have left an indelible mark worldwide.
From tech giants to tycoons, here’s the list of the top 10 richest men in the world who have reached soaring heights through their hard work and million-dollar ideas, along with mindful financial planning.
Following the evaluation method similar to the Forbes and Bloomberg Billionaires Index, let us explore whether these billionaires are self-made or their wealth is inherited. Here’s a look at the top 10 richest people in the world.
Elon Musk is the CEO of the electric vehicle manufacturer, Tesla, and social media platform X, formerly Twitter. The richest man in the world, Musk is also the founder and chief engineer of his venture, Space Exploration Technologies Corp. commonly known as SpaceX, that has taken the limelight across the globe. His assets have seen a remarkable increase, multiplying over the past few years.
Date of Birth | 28 June 1971 |
Place of Birth | Pretoria, South Africa |
Founder | Tesla Motors, SpaceX |
Industry | Automotive |
Net Worth | 449.5 Billion USD |
Ownership Stake | Tesla – 13% and SpaceX – 42% |
Other Assets and Investments | xAI, PayPal, SolarCity |
Charitable Contributions | Donated approximately $7 Billion to the Musk Foundation |
According to Forbes and Bloomberg Billionaire Index, Jeff Bezos is the second-richest person in the world. Tinkered with the idea of Amazon in a small garage in Seattle, Bezos wanted to open an online bookstore with unlimited titles. He created Amazon as an online bookshop, which later evolved into a one-stop shop e-commerce company.
Date of Birth | 12 January 1964 |
Place of Birth | Albuquerque New Mexico |
Founder | Amazon |
Industry | E-commerce |
Net Worth | 240.5 Billion USD |
Ownership Stake | Amazon – 8.84% |
Other Assets and Investments | Blue Origin, The Washington Post, Whole Foods |
Charitable Contributions | Nearly $120 Million to families experiencing financial instability |
Lawrence Joseph Ellison, popularly known as Larry Ellison, founded Oracle Corporation in 1977. Under the leadership of this American billionaire, Oracle grew to be the first commercial relational database program to use Structured Query Language.
Date of Birth | 14 August 1944 |
Place of Birth | The Bronx, New York, NY |
Founder | Oracle Corporation |
Industry | Information Technology |
Net Worth | 217.2 Billion USD |
Ownership Stake | More than 42% |
Other Assets and Investments | Salesforce, NetSuite, Astex Pharmaceuticals |
Charitable Contributions | Donated $200 million for cancer research to the University of South California |
Mark Zuckerberg, co-founded Facebook in his college dorm room at Harvard University. Started Facebook in 2004 wanting to match the names of his fellow batch mates with their photographs, Zuck did not know that this would make him one of the richest men in the world. Mark, along with his wife Priscilla, founded the Chan Zuckerberg Initiative in 2015 with the mission to solve some of the toughest challenges in society.
Date of Birth | 14 May 1984 |
Place of Birth | White Plains, NY |
Founder | Meta Platforms (formerly Facebook) |
Industry | Social networking company |
Net Worth | 208.6 Billion USD |
Ownership Stake | 13.5 % |
Other Assets and Investments | Apollo Agriculture, Nerdy, Emeritus |
Charitable Contributions | More than $45 billion in numerous charitable causes |
Bernard is a French businessman who started his career in his father’s company. He is also known as “The Terminator” due to his aggressive business strategies. Though, he controls the French luxury conglomerate, all his children equally participate in his business ventures. LVMH, formed in 1987, is a European luxury goods company that encompasses approximately 75 brands including Christian Dior, Fendi, Tiffany, Sephora, etc.
Date of Birth | 5 March 1949 |
Place of Birth | Roubaix, France |
Founder | LVMH (Moët Hennessy Louis Vuitton) |
Industry | Luxury goods company |
Net Worth | 168.9 Billion USD |
Ownership Stake | 48% |
Other Assets and Investments | Agache |
Charitable Contributions | $500 million to reduce poverty and improve neglected areas |
Larry Page co-founded Google with his fellow PhD student, Sergey Brin. He is an American computer scientist who served as the chief executive officer of Google until 2001 and later from April 2011 to July 2015. Emphasizing innovation, Larry played a central in Google’s evolution.
Date of Birth | 26 March 1973 |
Place of Birth | Lansing, Michigan |
Founder | Google, Alphabet Inc |
Industry | Technology |
Net Worth | 161.1 Billion USD |
Ownership Stake | 45% |
Other Assets and Investments | Superyacht, |
Charitable Contributions | Larry’s philanthropic efforts are via an LLC called Florida LLC |
Sergey Mikhailovich Brin co-founded Google along with Larry Page. In 2008, Brin has also invested $4.5 million in the Space Adventures, a space tourism company based out of Virginia. He has always been known for his benefaction to various sectors like education, healthcare, and democratic causes.
Sergey Brin once said, “Obviously everyone wants to be successful, but I want to be looked back on as being very innovative, very trusted, and ethical and ultimately making a big difference in the world”.
Date of Birth | 21 August 1973 |
Place of Birth | Moscow, Russia |
Founder | Google, Alphabet Inc |
Industry | Technology Company |
Net Worth | 151.5 Billion USD |
Ownership Stake | 6% |
Other Assets and Investments | OccamzRazor, Bayshore Global Management |
Charitable Contributions | Donated more than $1 billion to Parkinson’s disease research |
Warren Edward Buffett developed an interest in business and investment during his youth, which made him the best-known investor in the world in today’s time. Buffett currently serves as the CEO and chairperson of Berkshire Hathaway.
In 2010, Warren and Bill introduced the Giving Pledge, motivating other billionaires to donate at least half of their fortune to charitable causes.
Date of Birth | 30 August 1930 |
Place of Birth | Omaha, Nebraska, United States |
Founder | Chairman & CEO of Berkshire Hathaway |
Industry | Multinational Conglomerate |
Net Worth | 142.5 Billion USD |
Ownership Stake | 15.1% (company shares) |
Other Assets and Investments | Invested in many stocks like Bank of America, Chevron, Kraft Heinz and many others |
Charitable Contributions | Donated over $43 billion to the Bill and Melinda Gates Foundation |
As per Forbes, an American business magazine, Steve Anthony Ballmer is the ninth-richest person in the world. He is an American businessman and investor, and also the former CEO of Microsoft from 2000 to 2014.
Steve was the first business manager hired by Bill Gates and under his leadership of 14 long years, the company tripled in sales and doubled in profits. A co-founder of Ballmer Group, he is also the owner of the Los Angeles Clippers of the National Basketball Association.
Date of Birth | 24 March 1956 |
Place of Birth | Detroit, Michigan, United States |
Founder | Former CEO of Microsoft, Co-founder of Ballmer Group |
Industry | Multinational technology conglomerate |
Net Worth | 126.3 Billion USD |
Ownership Stake | 4% (company shares) |
Other Assets and Investments | Los Angeles Clippers, Ballmer Group, USA Facts |
Charitable Contributions | Donated more than $7.5 billion to a charity that focuses on early education and inequality |
Jensen Huang is known as the co-founder of Nvidia and has made significant contributions to the semiconductor industry. He is a Taiwanese and American businessman, an electrical engineer, a philanthropist, and the 10th richest man in the world. Under Huang’s guidance, the company’s invention of GPU (graphics processing unit) has seen remarkable growth in the gaming market.
Date of Birth | 17 February 1963 |
Place of Birth | Tainan City, Taiwan |
Founder | President, Co-founder, and CEO of Nvidia Corporation |
Industry | Multinational corporations and technology companies |
Net Worth | 119.6 Billion USD |
Ownership Stake | 3.79% |
Other Assets and Investments | None |
Charitable Contributions | Gave away $30 million to Stanford for an engineering centre |
The pursuit of wealth has created some of the most influential individuals in human history, who earned their status and power through a lot of undying efforts and a never-give-up attitude.
Billionaires undeniably play a crucial role in shaping the global economy and often influence various industrial sectors and address many societal challenges. The title who is the richest person in the world leads the news cycle and not only captures the headlines but also speaks about their contribution in impacting industries across the spectrum.
Speaking about the contribution of the tech giants, Mark Zuckerberg is an excellent example whose net worth not only boasts his economic value in the world but also sets a benchmark for efficiency and success. Many other billionaires are founders of top companies that furnish job opportunities, foster innovation, and accelerate GDP growth, thus strengthening the financial ecosystem across the globe.
Having said that, these tycoons can also have a political influence, potentially shaping policies for their own good which might create income inequality and support tax avoidance. While some billionaires actively contribute to the betterment of society, many simply focus on being the kings of wealth.
If you wish to understand their true legacy, scroll to the further sections, where we will learn and explore the top 10 richest people in the world. From their net worth, innovative ventures, and assets to their charitable contributions, popular brands, and more, you will find everything under this write-up.
Elon Musk once said, “When something is important enough, you do it even if the odds are not in your”. This mindset summarizes the journey of many billionaires who have made revolutionary changes through their bold decisions and groundbreaking inventions.
Being the richest person in the world not only speaks about financial dominance but also the contribution towards the benefit and development of society. Their bequests are not just defined by the monetary figures they hold, but also by the fundamental changes they have made in the socio-economic world.
By investing in industries, creating job opportunities, and having a take on economic policies, billionaires make a significant impact on the global economy.
As per recent data, with a net worth of over $400 million USD, Elon Musk is the richest person in the world.
With a net worth of USD 119.5 billion, Mukesh Ambani holds the title of the richest man in India.
Many billionaires influence government policies through their philanthropic initiatives.
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