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The 10 Richest People In the World

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The 10 Richest People In the World

In 2020, there were reportedly 2,095 billionaires on Earth, with an estimated total net worth of $8 trillion. Of this amount, the top 10 wealthiest people in the world account for $1,128.50 billion, or roughly 14.11%, which is impressive when you consider that they represent around 0.48% of billionaires.1 2 Below are the 10 individuals currently considered the wealthiest at the time of updating this article—Feb. 22, 2021—according to Bloomberg's Billionaires Index. 

 1. Jeff Bezos - $193.4 billion
Amazon founder and CEO Jeff Bezos has a net worth of $193.4 billion and ranks as the first richest person on the earth today. His position remains the same even after divorcing his wife MacKenzie in 2019 and transferring a quarter of his stake in Amazon to her. Bezos founded the behemoth Amazon in 1994 out of his garage in Seattle. The e-commerce giant has reaped the benefits of this coronavirus pandemic, with more number of people shopping online. 

 2. Elon Musk - $171.6 billion
Elon Musk is working to revolutionize transportation both on Earth, through electric car maker Tesla - and in space, via rocket producer SpaceX. Elon Musk's rocket company is now valued at nearly $100 billion, currently, his net worth is $171.6 billion. Musk’s rocket company, SpaceX is now valued at nearly $100 billion. Tesla has become the world’s most valuable automaker with a market capitalisation of $342 billion. 

 3. Bernard Arnault & Family - $155.1 billion

 LVMH – France Chairman and CEO Bernard Arnault rank third in the world in terms of riches. His net worth is $155.1 billion ensuing from his business across an empire of more than 70 brands including Louis Vuitton and Sephora. French businessman and Europe’s richest man Bernard Arnault earned the $100 billion fortune last year in December. 

 4. Bill Gates - $123.2 billion
The co-founder of Bill & Melinda Gates Foundation, Bill Gates has a net worth of $123.2 billion. Having founded the software giant Microsoft along with Paul Allen, Bill Gates eventually sold away much of his stakes in the company retaining just 1% of the shares and investing the rest in stocks and other assets. Bill Gates entered the $100 billion club last year in April when Microsoft share price surged post-earnings. The Bill & Melinda Gates Foundation is the world’s largest private charitable foundation. 

 5. Mark Zuckerberg - $98.5 billion
The co-founder, CEO and chairman of Facebook, Mark Zuckerberg champions the social network that has become a go-to communications avenue today. His net worth is $98.5 billion and today he owns about 15% stakes in Facebook after the firm went public in May 2012. Mark Zuckerberg is the youngest billionaire. His net worth zoomed past the $100 billion mark — all thanks to Instagram Reels — the alternative to TikTok which was banned in India earlier this year and is facing troubles in the US as well. 

 

6. Warren Buffett - $88.3 billion

 The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring his earnings from his boyhood paper route.62 He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965.60 63 He expanded the company to insurance and other investments in 1967.64 Now, Berkshire Hathaway is a half-trillion-dollar company, with a single share of stock trading at more than $350,000 per share in early 2021.65



7. Zhong Shanshan - $84.7 billion

 Despite making his fortune in the beverage industry, Zhong Shanshan originally got his start in the workforce as a construction worker, before becoming a reporter during the 1980s. Later, as a beverage sales agent, he went on to establish a bottled water distributing business in Hainan. Zhong founded his first business, health products company Yangshengtang, in 1993.

 

8. Larry Page - $81.7 billion

 Like several tech billionaires on this list, Larry Page's claim to fame got its start in a college dorm room. While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving data extraction capabilities while accessing the Internet. The duo devised a new type of search engine technology they dubbed "BackRub," named after its ability to analyze "backing links." From there, Page and Brin went on to found Google in 1998, with the former serving as CEO of the company until he stepped down in 2001.

 

9. Sergey Brin - $80.1 billion

 What makes Google unique, compared to the other companies featured on this list, is that its co-founders are relatively close in terms of total wealth. Sergey Brin's involvement in Google follows a similar path to Page's. After the duo founded in the company in 1998, Brin served as co-president alongside Page until Eric Schmidt took over as CEO in 2001. Similarly, after founding Alphabet in 2015, Brin acted as the holding company's president before stepping down in 2019 when Sundar Pichai took over as CEO.

 10. Larry Ellison - $76.1 billion
Larry Ellison has a net worth of $86.6 billion which he earned from Oracle, the software firm he cofounded in 1977. He quit as the CEO of the company in 2014 and since then he functions as the chairman of the board and chief technology advisor of the company. Ellison has also been on the board of Tesla since December 2018 after he purchased 3 million shares earlier that year. He owns nearly all of Hawaiian island Lanai.