On Earth, there are reportedly 2,755 billionaires as of 2021 with an approximate estimated total net worth of $13.1 trillion. Let us know the list of the top 5 richest men in the world. First, dive into the Key pointers of the article:
- Jeff Bezos, the founder of the World’s largest retailer Amazon, and Blue Origin. Jeff Bezos is the richest man in the world with an approximate net worth of $177 billion.
- Elon Musk, the CEO and co-founder of Tesla; CEO, chief designer, and founder of SpaceX; CEO and founder of Neuralink; and founder of The Boring Company. Elon Musk’s approximate net worth is $151 billion.
- Bernard Arnault the chair and CEO of LVMH, the world’s biggest luxury goods business, and chair of its holding firm, Christian Dior His approximate net worth is $150 billion.
- Bill Gates is the co-founder of Techno giant Microsoft, the biggest software company in the world, and the co-chair of the Bill & Melinda Gates His approximate net worth is $124 billion.
- Mark Zuckerberg is CEO, chair, and co-founder of Facebook, the world’s biggest social networking service, as well as co-founder of the Chan Zuckerberg Initiative. His approximate net worth is $97 billion.
These are the 5 Richest men in the world, now let’s have a look at their detailed information about age, residences, ventures, shares etc.
Founder and Executive Chair: Amazon (AMZN)
Net Worth: $177 billion
Ownership Stake (Amazon): 11% ($174 billion)
Additional Assets: Blue Origin ($7.15 billion private assets), The Washington Post ($250 million private assets), and $9.75 billion in cash.
He founded Amazon in 1994 in a garage in Seattle after resigning from the hedge fund giant D.E. Shaw. He has formally shared the idea of setting an online book store with his former boss David E. Shaw who shows no interest in it.
Originally started with bookselling, Amazon has since mastered it into a one-stop shop for everything under its umbrella and has now become the world’s largest retailer.
Amazon’s share price rocketed on the increased demand for online shopping as lockdowns compelled consumers to stay home in 2020.On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant and transitioned to his current role as its executive chair.
Co-founder and CEO: Tesla (TSLA)
Residence: Austin, Texas
Net Worth: $151 billion
Ownership Stake (Tesla): 20% ($114 billion)
Additional Assets: Space Exploration Technologies ($29.8 billion private assets) and The Boring Company ($101 million private assets)
Elon Musk has had his hands in various companies over the years. Initially enrolled at Stanford University, Musk held off his attendance to accelerate Zip2, one of the initial online navigation services. A part of the earnings from this endeavour was then reinvested to establish X.com, an online payment technique that later became PayPal. While both of these systems were ultimately sold to other companies, Musk has retained his status as CEO and lead designer of his 3rd project, Space Exploration Technologies (SpaceX), which strives to make space exploration more reasonable. Musk became a main founder of Tesla Motors, now Tesla, in 2004 which led to him being retroactively announced a cofounder and his new position as CEO of the electric vehicle company.
Tesla’s stock price encountered an astronomical rise, in 2020, having surged 705% from the beginning of the year to mid-December.20 It enlisted the S&P 500 that same month, the biggest company put in thus far.
CEO and Chair: LVMH (LVMUY)
Net Worth: $150 billion
Ownership Stake(Christian Dior): 97.5% ($109 billion)
Additional Assets: Moelis & Company equity ($21.4 billion public assets), Hermès equity ($2.23 billion public assets), Carrefour equity ($1.26 billion public assets), and $4.50 billion in cash.
Bernard Arnault a French national, the chair and CEO of LVMH, the world’s biggest luxury goods company. This company owns some of the largest brands on Earth, comprising Louis Vuitton, Hennessey, Sephora, Marc Jacobs and many more. The majority of his fortune, still, certainly comes from his enormous stake in Christian Dior SE, the holding firm that regulates 41.25% of LVMH. His stakes in Christian Dior SE, plus an extra 6.2% in LVMH, are held through his family-owned holding firm, Group Arnault SE.
An engineer by education, his business chops became obvious while he was working for his father’s construction company, Ferret-Savinel. He later transformed Ferret-Savinel into a real estate firm named Férinel Inc. in 1979.
Cofounder: Microsoft Corp. (MSFT)
Residence: Medina, Washington
Net Worth: $124 billion
Ownership Stake(Microsoft): 1.3% ($25.8 billion)
Additional Assets: Canadian National Railway equity ($11.8 billion public asset), , Republic Services equity ($11.1 billion public asset), John Deere equity ($11.8 billion public assets), Ecolab equity ($6.59 billion public assets), Givaudan equity ($4.39 billion public assets), Waste Management equity ($1.93 billion public assets) FEMSA equity ($2.22 billion public assets), Berkshire Hathaway equity ($1.72 billion public assets) and many more.
To develop new software for the original microcomputers, Bills Gates went to work with his childhood friend Paul Allen while attending Harvard University in 1975.
Pursuing this project’s achievement, Gates dropped out of Harvard in his junior year and got on to found Microsoft with Allen.
In expansion to being the biggest software company in the world, Microsoft also develops its own line of personal computers, publishes books through Microsoft Press, delivers email services through its Exchange server, and peddles video game systems and associated peripheral devices. Initially Microsoft’s chief software inventor, Gates later transitioned to the position of chair in 2008. He had entered Berkshire Hathaway’s board in 2004. He stepped down from both boards in March 2020.
In 2010, alongside Warren Buffett, Bill Gates inaugurated the Giving Pledge, a campaign motivating wealthy people to commit to donating the majority of their wealth to philanthropic causes.
Co-founder, CEO, and Chair: Facebook (FB)
Residence: Palo Alto, Calif.
Net Worth: $97 billion
Ownership Stake (Facebook): 13% ($115 billion)
Additional Assets: $225 million in real estate & $2.93 billion in cash
In 2004, Mark Zuckerberg initially formulated Facebook alongside fellow students Eduardo Saverin, Chris Hughes and Dustin Moskovitz, while attending Harvard University. As Facebook started to be employed at other universities, Zuckerberg dropped out of Harvard to concentrate completely on his thriving business. Today, Zuckerberg is the CEO and chair of Facebook, which had more than 2.8 billion monthly active users as of 2021.
Facebook is the world’s biggest social networking service, facilitating its users to create a personal profile, join or create groups, connect with friends and family, and much more. As the website is free to employ, most of the company’s income is produced through advertising.
Note: All the factual data has been taken from Investopedia Article.