1) Elon Musk
Companies: Tesla, Starlink, SpaceX, etc
Net Worth: $240.1B
Age: 50
The Chief Executive Officer and founder of Tesla Motor Inc., Elon Musk is the richest person in the world with an estimated fortune of $219 billion according to Forbes Magazine.
The South African-born Musk grew up in Pretoria before moving to America to study at the University of Pennsylvania.
His first software startup, Zip2 was bought in 1999 for $307 million and he went on to co-found Paypal, which sold to eBay in 2002 for $2.5 billion.
Musk founded SpaceX in 2002 and runs electric vehicle maker Tesla, of which he is a shareholder.
Musk has been married twice and has eight children.
Elon Musk is working to revolutionize transportation both on Earth, through electric car maker Tesla — and in space, via rocket producer SpaceX.
He owns 21% of Tesla but has pledged more than half his stake as collateral for loans; Forbes has discounted his stake to take the loans into account.
Twitter‘s board agreed to sell the company to Musk for $44 billion on April 25, 2022, after he disclosed a 9.1% stake and threatened a hostile takeover.
SpaceX, Musk’s rocket company, is valued at $100 billion after a funding round in December 2021.
2) Jeff Bezos
Chairman And Founder, Amazon
Net worth: $140.8B
Age: 58
Jeff Bezos is the second richest person in the world, with an estimated net worth of $171 billion according to Forbes Magazine.
Bezos is from Albuquerque, New Mexico and famously started the company from a garage in his home.
Amazon started off selling books, but by the early 2000s, it had expanded offering everything you could think of, from electronics to furniture and toiletries.
Bezos owns several apartments in New York City, homes in Washington, California, and Washington DC, and a ranch in Texas which is the private base for his company Blue Origin which ferried tourists into space in 2021.
He was married to MacKenzie Bezos for 25-years and the pair have four children together.
3) Bernard Arnault & family
Chairman And CEO, LVMH Moët Hennessy Louis Vuitton
Net worth: $144.5B
Age: 73years old
Born on 5th March 1949, he is a French business magnate, investor, and art collector. He is the co-founder, chairman, and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury goods company.
In 2021, with a valuation of $329 billion, LVMH became the most valuable company in Europe. Arnault is, as of May 2022, the third-richest person in the world and the richest person from Europe, with an estimated net worth of US $160 billion according to Forbes.
In January 2021, LVMH acquired American jeweler Tiffany & Co for $15.8 billion, believed to be the biggest luxury brand acquisition ever.
LVMH spent $3.2 billion in 2019 for luxury hospitality group Belmond, which owns or manages 46 hotels, trains, and river cruises.
4) Bill Gates
Company: Microsoft
Net worth: $129
Age: 66
Bill Gates is sitting in the fourth position of the richest person in the world with an estimated net worth of $129 according to Forbes Magazine.
Gates made his fortune through the software company Microsoft, which he co-founded with Paul Allen in 1975.
He was married to Melinda Gates for 27-years until their divorce in 2021.
The pair formed the Bill and Melinda Gates Foundation, which they still co-chair together.
It’s estimated that Gates has donated $35.8 billion worth of Microsoft stock to the Foundation and it is currently the largest private donor to the World Health Organisation.
5) Warren Buffet
Net worth: $118 billion
Company: Berkshire Hathway etc
Age: 91
Warren Buffet is the fifth richest person in the world, with an estimated net worth of $118 million according to Forbes Magazine.
Buffet was the son of a US congressman and bought and sold his first stock at age 11, earning himself the nickname the, ‘Oracle of Omaha.’
He runs Berkshire Hathway which owns companies including Dairy Queen.
In 2006 he pledged to give away 99% of his fortune and so far has given away $45 million.
Unlike many of the other billionaires on this list, Buffet still lives in the same house in Omaha Nebraska that he bought in 1958 for $31,50, before he made his fortune.
There are the Top 10 richest people in the world?
According to Forbes Magazine, the top 10 richest people in the world are:
- Elon Musk $219 billion
- Jeff Bezos $171 billion
- Bernard Arnault & family $158 billion
- Bill Gates $129 billion
- Warren Buffet $118 billion
- Larry Page $111 billion
- Sergey Brin $107 billion
- Larry Ellison $106 billion
- Steve Ballmer $91.4 billion
Mukesh Ambani $90.7 billion
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