During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being the largest individual shareholder until May 2014. Every year, Forbes attempts to quantify and rank the world’s richest people with its annual billionaires list. Here’s a countdown of the 20 richest people on the planet by net worth as of spring 2022, as well as a look at who was bounced from Forbes’ 2021 list. Elon Musk, the Tesla and SpaceX founder topped Forbes’ list for the first time ever with a net worth of $219 billion. More than half of the top 10 billionaires earned their fortunes in the technology sector. Zuckerberg cofounded Facebook—now called Meta Platforms—when he was a student at Harvard University in 2004.
Bernard Arnault, head of luxury goods giant LVMH, is up $53 billion–more than any billionaire, and enough to vault him into No. 1 spot for the first time. Zhang Yiming, who founded Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors. Binance founder Changpeng Zhao, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto https://www.bookstime.com/ winter. Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. The brotherly relationship between the two became strained when Ballmer started pushing the tech company into hardware, such as the Surface tablet and the Windows mobile phone, during his tenure as CEO. Sergey Brin was born in Moscow, Russia, moving to the U.S. with his family when he was six in 1979.
He has used his funds to organize multiple philanthropic endeavors, including the Chan Zuckerberg Initiative. Thanks to soaring stock prices at Tesla, the company Musk founded, the quirky South African-born entrepreneur has seen his personal wealth soar to unimaginable heights of $147 billion. Gates became the first American to take the top spot of the world’s billionaires in 1995 with a net worth of $12.5 billion, and he remained there during the dot-com bubble’s height in 1999 when his fortune peaked at $90 billion. After the dot-com bubble started to collapse in 2000, his wealth dropped to $60 billion, although he remained at the top of the list. The source defines wealth as a snapshot of a person’s total wealth using stock prices. We’ve got cross sections of the list as well, including the world’s richest sports team owners, the U.S. states with the most billionaires and California’s billionaires.
- With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own.
- In January 2023, U.S. firm Hindenburg Research accused Adani and his companies of financial fraud and stock market manipulation.
- One effort is to develop tools to help others cure, manage or prevent all disease; Zuckerberg and Chan spoke to Forbes earlier this year about their philanthropic efforts.
- He has shared his views on the technology industry and the future of search on the Charlie Rose Show, CNBC, and CNNfn.
- Like many tech execs, Page has peeled off a portion of his wealth and put it into futuristic startups.
Led by a $35 billion decline in Elon Musk’s fortune during October, half of the ten richest are worth less on November 1 than they were at the start of October. Canada’s richest person added another $5.2 billion to his fortune in 2022 as his 68% stake in the conglomerate Thomson Reuters jumped 17%. The Toronto based company, which Thomson chairs, has been supplementing its core news and information business with AI investments like SurePrep, an automated tax software company it acquired in January for $500 million.
Jeff Bezos: $195 billion (+$5 billion)
There are 2,668 of them on Forbes’ 36th-annual ranking of the planet’s richest people—87 fewer than a year ago. They’re worth a collective $12.7 trillion—$400 billion less than in 2021. The U.S. had the most billionaires in the world, with a record of 565.
Multi-billionaires can also take advantage of a panoply of tax deductions to offset reported income, leaving some on this list paying no income tax in recent years. The astronomical net worths of the world’s richest showcase the massive accumulation and concentration of wealth at the top. The majority of the wealthiest individuals owe their massive fortunes predominantly to the technology, luxury goods, and investment sectors. The richest billionaire of Oman, Suhail Bahwan is the chairman of Suhail Bahwan Group. The Bahwan Group produces fertilizers and generates around 1.3 million tons of urea annually. Suhail Bahwan ranks 12th on our list of the richest Arab billionaires in the world.
Top 5 Richest People in World 2019
Meanwhile, last year’s No. 3, Robin Zeng, chairman of CATL, slipped to No. 6 with $25.8 billion as the world’s largest electric vehicle battery maker reportedly ceded some domestic market share to smaller competitors. Colin Huang, founder of e-commerce giant PDD Holdings, was the year’s biggest winner, in both dollar and percentage terms, moving to the No. 3 position for the first time, up from No. 9 a year ago. As PDD’s budget shopping app Pinduoduo and its international 5 richest people in the world offshoot Temu won over consumers around the world, Huang nearly doubled his net worth to $36.2 billion. Another big gainer was online gaming tycoon William Ding, whose NetEase rolled out two new blockbuster titles since last year, which in turn boosted his wealth by 71% to $32 billion. • He is the richest person in France and the fourth richest person in the world according to Forbes magazine, with a net worth of $72 billion Approx 489 Thousand CRORE, as of June 2018.
- The world’s Richest People in 2023 — the number of billionaires in the world 2,640 individuals — represent almost $12.5 trillion in wealth.
- Tesla shares have fallen 20% in the past month, shaving $35 billion off Musk’s fortune.
- There are 2,668 of them on Forbes’ 36th-annual ranking of the planet’s richest people—87 fewer than a year ago.
- On November 4, 2021, Zhang stepped down as CEO of ByteDance, completing a leadership handover announced in May 2021.
- Zuckerberg’s prominence in the technology industry has prompted political and legal attention.
- After co-founding Google with Larry Page in 1998, Brin became Google’s president of technology when Eric Schmidt took over as CEO in 2001.
- The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route.
Oracle has acquired numerous large companies over its history, such as Sun Microsystems and Cerner. An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979. Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. The wealthiest among them is Elon Musk; CEO of Tesla and SpaceX, and owner of X (formerly Twitter). According to recent estimates, the 10 richest billionaires in the world are worth a staggering amount, with the top spot alone being valued over $200 billion.
On January 31, 2007, Dell returned as CEO at the request of the board, succeeding Rollins. The world’s Richest People in 2023 — the number of billionaires in the world 2,640 individuals — represent almost $12.5 trillion in wealth. The global billionaire population continued to grow in 2023, increasing by 3%. Beinsure Media has collected the Forbes Billionaires Index data and presents a ranking of the world’s richest people as 13 November 2023. For most of the first half of 2023, French luxury goods magnate Bernard Arnault was the world’s richest person, per Forbes—but that changed on June 8, 2023, when Tesla CEO Elon Musk overtook Arnault to become No. 1 in the world again. War, pandemic and sluggish markets hit the world’s billionaires this year.