The Richest man in the world by having money. Inadequate riches to meet life’s essentials or comforts, or to live in a way that society considers acceptable. A large sum of money, property, assets, or ideas is referred to as wealth. The president’s money, property, and business activities are examples of riches.
According to reports, there are 2,755 billionaires on the planet as of 2021, with a combined net worth of $13.1 trillion. The top ten wealthiest persons on the planet own $1,153 billion, or around 8.8% of the total, which is amazing given that they only account for 0.36 percent of billionaires. According to the Forbes World’s Billionaires List, the 10 wealthiest people in the world at the time of editing this article—September 2021—are listed below.
1. Jeff Bezos
57 years of age and residence is in Seattle, Washington. Amazon’s founder and executive chairman (AMZN) has a net worth of $177 billion dollars. Amazon controls 11% of the corporation ($178 billion). Other interests include Blue Origin ($7.15 billion in private assets), The Washington Post ($250 million in private assets), and $13.4 billion in cash.
Soon after resigning from the hedge fund D.E. Shaw, Jeff Bezos launched Amazon.com in a garage in Seattle in 1994. In reality, he had offered the idea of an online bookstore to his previous boss, David E. Shaw, who had turned it down. Though Amazon.com began as a book retailer, it has evolved into a one-stop shop for everything under the sun and is now perhaps the world’s largest retailer. In any case, it’s difficult to argue with their claim to be “the world’s most customer-centric organization.”
Amazon’s stock price soared in 2020, owing to increased demand for online purchasing as people were forced to stay at home due to lockdowns. Bezos stood down as CEO of Amazon on July 5, 2021, and transitioned to his new post as executive chair.
Bezos took Amazon public in 1997 and went on to become the first guy to reach a net worth of more than $100 billion since Bill Gates in 1999. Bezos’ other initiatives include Blue Origin, an aerospace firm; The Washington Post, which he bought in 2013; and the Long Now, a 10,000-year clock. Blue Origin’s first successful crewed flight took place on July 20, 2021, with Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch student Oliver Daemen, reaching an altitude of slightly over 62 miles before landing safely.
2. Elon Musk
Elon Musk is a multibillionaire businessman. 50 years of age. Tesla lives in Austin, Texas, where he is a co-founder and CEO (TSLA). Net wealth of $151 billion. Tesla owns a 20% ($125 billion) stake in the corporation. Other companies with considerable private assets include Space Exploration Technologies ($29.8 billion in private assets) and The Boring Company ($101 million in private assets).
Elon Musk has been involved in a number of businesses throughout the years. Musk was originally enrolled at Stanford University, but he dropped out to start Zip2, one of the first internet navigation systems. X.com, an online payment system that later became PayPal, was founded with a portion of the earnings from this venture. Despite the fact that both of these technologies were later sold to other firms, Musk remains the CEO and principal designer of his third project, Space Exploration Technologies (SpaceX), which intends to make space exploration more affordable.
Musk became a key financier of Tesla Motors (now Tesla) in 2004, which earned him the title of cofounder and his present role as CEO of the electric vehicle company. Tesla makes energy storage devices, automobile accessories, goods, and, following its acquisition of SolarCity in 2016, solar power systems, in addition to its electric vehicles, which include sedans, sport utility vehicles (SUVs), and the “Cybertruck” announced in 2019.
Tesla’s stock price soared 705 percent in 2020, from the beginning of the year to mid-December. That same month, it became the largest corporation to be added. Musk launched two more firms in 2016, Neuralink and The Boring Company, with the former serving as his CEO. Neuralink is working on brain-machine interface devices to help people who are paralysed and to allow them to communicate with their computers and mobile devices mentally. Meanwhile, the Boring Company creates boring machines for the goal of creating tunnels for underground public transportation systems, which would help to relieve traffic congestion in large cities. It also (temporarily) sold a flamethrower.
3. Bernard Arnault
Bernard Arnault is a businessman from France. 72 years of age. It is in Paris that I call home. The CEO and Chairman of LVMH is LVMH (LVMUY). Net worth of $150 billion. Christian Dior has a 97.5 percent ($133 billion) holding share. Moelis & Company ($23.3 billion in public assets), Hermès ($2.23 billion in public assets), Carrefour ($900 million in public assets), and $9.48 billion in cash25 are among the remaining assets.
Bernard Arnault, a French national, is the chairman and CEO of LVMH, the world’s largest luxury goods conglomerate. This company owns a number of well-known brands, including Louis Vuitton, Hennessey, Marc Jacobs, Sephora, and others. However, his large position in Christian Dior SE, the holding firm that owns 41.25 percent of LVMH, accounts for the majority of his riches. His family-owned holding business, Groupe Arnault SE, owns 6.2 percent of Christian Dior SE and another 6.2 percent of LVMH. Arnault, a trained engineer, shown his commercial acumen while working for his father’s construction firm, Ferret-Savinel, which he would take over in 1971.
Arnault remained Férinel’s chairman for another six years, until 1984, when he bought and reorganised luxury goods maker Financière Agache, finally selling all of the company’s holdings save Christian Dior and Le Bon Marché. In 1987, he was encouraged to invest in LVMH, and two years later, he became the company’s largest shareholder, head of the board, and CEO.
4. Bill Gates
Bill Gates is 65 years old. Medina, Washington is where I call home. Microsoft Corporation is a co-founder (MSFT). $124 billion in net worth. Microsoft’s stake in the company is 1.3 percent ($31.2 billion). Other Assets: Republic Services ($13.5 billion public assets), John Deere ($10 billion public assets), Canadian National Railway ($9.14 billion public assets), Ecolab ($6.92 billion public assets), Givaudan ($5.56 billion public assets), FEMSA ($2.42 billion public assets), Waste Management ($2.26 billion public assets), Berkshire Hathaway ($2.42 billion public assets), Berkshire Hathaway ($2.42 billion public assets), Berkshire Hathaway ($2.42 billion public assets), Fomento de Construcciones y Contratas equity ($200 million public assets), Otter Tail Corporation equity ($190 million public assets), Western Asset Inflation-Linked Opportunities & Income Fund equity ($180 million public assets), Western Asset Inflation-Linked Income Fund ($69.9 million public assets), and $62.6 billion in cash.
Bill Gates started to work with his childhood buddy Paul Allen to build new software for the early microcomputers while attending Harvard University in 1975. Following the success of this effort, Gates dropped out of Harvard in his junior year and joined Allen to create Microsoft.
Microsoft develops its own line of personal computers, publishes books through Microsoft Press, provides email services through its Exchange server, and sells video gaming consoles and associated peripheral devices in addition to being the world’s largest software corporation. Initially serving as Microsoft’s principal software architect, Gates was promoted to chair in 2008. In 2004, he became a member of Berkshire Hathaway’s board of directors. On March 13, 2020, he resigned from both boards.
The Bill & Melinda Gates Foundation, of which he and his ex-wife, Melinda Gates are co-chairs, was formed in 2000 when Gates’ two philanthropic organisations, the William H. Gates Foundation and the Gates Learning Foundation, were united to become the Bill & Melinda Gates Foundation. He has spent billions fighting polio and malaria through his organisation. In 2014, he also contributed $50 million to assist battle Ebola. The organisation has spent almost $1.8 billion to tackle the COVID-19 pandemic as of 2021.
5. Mark Zuckerberg
Mark Zuckerberg is the founder and CEO of Facebook. 37 years old. Palo Alto, California is where he calls home. Facebook’s co-founder, CEO, and Chair: (FB). $97 billion in net worth. 13 percent ($138 billion) ownership stake in Facebook. $3.35 billion in cash and $225 million in real estate are the company’s other assets.
In 2004, while at Harvard University, Mark Zuckerberg co-founded Facebook with fellow classmates Eduardo Saverin, Dustin Moskovitz, and Chris Hughes. As Facebook became more widely utilised, Zuckerberg dropped out of Harvard to focus solely on his burgeoning company. Zuckerberg is now the CEO and chairman of Facebook, which had over 2.8 billion monthly active users in Q1 2021.
Facebook is the world’s most popular social media platform, allowing users to establish personal profiles, interact with friends and family, join or create groups, and much more. Because the website is free to use, advertising accounts for the majority of the company’s revenue. Facebook (the company) also owns the photo-sharing app Instagram, which it bought in 2012; WhatsApp, a cross-platform mobile messaging service; and Oculus, a virtual-reality headset maker, which it bought in 2014; Workplace, an enterprise-connectivity platform; Portal, a line of video-calling devices; and Novi, a digital wallet for the Diem payment system.
The Chan Zuckerberg Initiative was formed in 2015 by Zuckerberg and his wife, Priscilla Chan, with each of them serving as co-CEO. Their nonprofit aims to use technology to address societal issues such as enhancing educational access and quality, overhauling both the criminal justice and immigration systems in the United States, increasing housing affordability, and finally curing all diseases.