The Forbes list of the world’s billionaires is a yearly ranking by wealth of the world’s wealthiest people, compiled and published by the American business magazine Forbes. The list was first published in March 1987 and since then has been published annually, except for one year (1996). The rankings are based on a combination of financial statements and estimates of assets and liabilities. The list is compiled by ranking each individual’s estimated net worth from lowest to highest.
10. Sergey Brin
Net Worth: $89.8 B
AGE: 49
Source: Google
Country: United States
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Sergey Brin was a computer science student at the University of Maryland when he and Larry Page began a search engine called BackRub. After graduating with a PhD in Computer Science at Stanford, they incorporated Google in 1998. Sergey Brin is primarily credited as the co-founder of Google, along with Larry Page. In addition to serving as president and CEO of Alphabet, Sergey Brin is now chairman emeritus and executive chairman of Google.
09. Larry Page
Net Worth: $93.7 B
AGE: 49
Source: Google
Country: United States
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Larry Page, who has been CEO of Alphabet since 2001, stepped down in December 2019 but will continue to be a board member and controlling shareholder. of Google.The Alphabet company was founded on September 2, 2015, as the parent company of Google and separate from Google LLC. The company is based in Mountain View, California, with offices in New York City, Boston, Paris and London.
08. Mukesh Ambani
Net Worth: $95.4 B
AGE: 65
Source: Diversified
Country: India
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Mukesh is the CEO and Chairman of Reliance Industries, a company that operates in a wide range of industries including petrochemicals, oil & gas production and telecommunications. They are also active in the retail industry, with their ownership of prestigious retail brand Reliance Retail, Inc. They have now become India’s largest retailer and are ranked third in Asia. Independent telecom company Jio launched a price war in 2016 through it’s introduction of 4G phone and broadband service. Today, the service is backed by Google and Facebook.
07. Warren Buffett
Net Worth: $99.4 B
AGE: 92
Source: Berkshire Hathaway
Country: United States
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Warren Edward Buffett is an American businessman, investor, and philanthropist who is the chairman and CEO of Berkshire Hathaway, operating it as an investment company with subsidiaries in areas such as insurance, electronics, food and manufacturing. He is considered one of the most successful investors in the world and inspired a generation of value investing. He is also a major philanthropist, having pledged to give away 95% of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation.
06. Larry Ellison
Net Worth: $102.7 B
AGE: 78
Source: Software
Country: United States
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Larry Ellison is the chairman, CTO and one of the founders of Oracle. He led Oracle’s growth for more than 35 years before stepping down from CEO in 2014. Oracle has grown significantly through regular acquisition of other software companies, the largest one being their acquisition of NetSuite for $9.3 billion in 2016. By 2020, Ellison moved permanently to the Hawaiian island Lanai, which he bought nearly all of in 2012 for $300 million. In December 2018, Ellison joined Tesla’s board after purchasing 3 million Tesla shares earlier that year.
05. Bill Gates
Net Worth: $109.9 B
AGE: 66
Source: Microsoft
Country: United States
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Bill Gates’s fortune was created through software development. He now has many other investments in the fossil fuel industry, including shares in ExxonMobil. In 2017. Gates transferred at least $5.7 billion worth of shares in public companies to Melinda, He confounded Microsoft with Paul Allen (d. 2018) in 1975. As of March 2020, when he stepped down from the company’s board, Gates owned about 1% of Microsoft’s shares. He is an accomplished businessman, who has invested in many companies. Some well-known investments include Canadian National Railways and AutoNation. He also owns substantial farmland in the U.S. Till date, Gates has donated about $57 billion to the Gates Foundation.
04. Gautam Adani & family
Net Worth: $146 B
AGE: 60
Source: Infrastructure, commodities
Country: India
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Gautam Adani controls Mundra Port, India’s largest port. The infrastructure has a long history of securing a top spot in the ranks and is Gautam Adani’s pet project in his home state Gujarat.His $13 billion Adani group invests in infrastructure, commodities, and real estate. They generate power and transmit electricity to people’s homes. He also recently acquired a 74% stake in Mumbai’s second-busiest airport, ‘India International Airport,’ which services the international travelers who fly into Mumbai. They’re working on projects like solar power farms and geothermal plants, as well as cement production. In 2022, he made a big move into cement when he acquired
03. Jeff Bezos
Net Worth: $153.2 B
AGE: 58
Source: Amazon
Country: United States
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Jeff Bezos, the Amazon CEO and world’s third-richest person with net worth of $153.2 billion. Jeff Bezos is the founder and CEO of the multinational e-commerce company Amazon.com, which was established in 1994. He also owns The Washington Post, an American newspaper and he is the founder of space exploration company Blue Origin. Since Bezos founded Blue Origin in 2000, the company has successfully launched several small satellites into low Earth orbit. Additionally, an unmanned reusable rocket was launched and made a soft landing back to Earth on December 24, 2018.
02. Bernard Arnault & family
Net Worth: $159.9 B
AGE: 73
Source: LVMH
Country: France
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Bernard Arnault oversees LVMH, which is the group responsible for Tiffany & Co. They bought the company for $15.8 billion believed to be the biggest luxury brand acquisition ever. LVMH has bought Belmond in year 2019, which includes 46 hotels and cruisers, in a deal worth $3.2 billion. Arnault has invested $15m from his construction company into buying Christian Dior in 1985. LVMH is a family business and has had to rely on Arnault’s family. Four of his five children work in different departments of the company.
01. Elon Musk
Net Worth: $250.2 B
AGE: 51
Source: Tesla, SpaceX
Country: United States
Elon Musk was born in South Africa, emigrated to Canada at a young age and then went to the USA. Mask is the founder, CTO and CEO of SpaceX. He is also the co-founder, CEO and product architect of Tesla. Mask co-founded SolarCity with his brother, He has served as its CEO from 1995 to 1999 prior to being sold by Compaq Computers in 1999 for a reported $307 million in stocks.
Musk has stated that the goals of SolarCity, Tesla, and SpaceX are to reduce global warming through sustainable energy production and consumption, increase space exploration, and improve Earth’s ability to sustain life. He has stated that the goal of Neuralink is to develop technology to connect the human brain to computers.
SpaceX’s recent funding round in May has made it the 5th most valuable company in the world. Started in 2002, Elon Musk’s company has quadrupled its value after three years of progress. Boring Company is also successful; it was only founded in 2018 and raised $675 million earlier this year – worth a $5.7 billion valuation afterward.