If money was not a problem, everyone would be worth more than billion dollars, just like Bill Gates and the likes. These are people who probably have monetary needs as the least of their concerns. Below are top 20 richest people in the world in 2020:
1. READ FULL STORY Jeff Bezos
For the past three consecutive years, Jeff Bezos has worn the hat of the wealthiest person in the entire world. He founded Amazon in 1994 out of his garage in Seattle. Even with the ongoing corona virus pandemic that has seen many businesses recording losses, his e-commerce business happens to be thriving more than ever. READ FULL STORY
As a matter of fact, his company has been able to employ 175,000 workers during this time to meet an increase in demand. In 2019, he had a 15% rise in Amazon’s shares. Jeff Bezos is currently worth $113 billion.
2. Bill Gates
He has retained his position as the 2nd among the richest people in the world since 2019. Bill Gates is the founder of Microsoft. Apart from that, he co-owns the Bill & Melinda Gates Foundation with his wife Melinda. Their company currently stands as the largest private charitable foundation in the world. Bill Gates recently announced that he would pump $300 million towards helping fight the Corona virus pandemic. Bill Gates is currently worth $98 billion.
3. Bernard Arnault & Family
With a current net worth of $76 billion, Bernard Arnault, the Chairman and CEO of LVMH- Moet, Hennesy & Louis Vuitton. He is one of the world’s ultimate tastemakers that runs an empire of 70 brands with companies such as Sephora and Louis Vuitton in it. His company bought Tiffany & Co for $16.2 million in November 2019.
4. Warren Buffett
Warren is currently one of the most successful investors of all time. He currently oversees Berkshire Hathaway which owns over 60 companies with Duracell, Dairy Queen and Geico being some of them. His current net worth is $67.5 billion.
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5. Larry Ellison
Larry Ellison was the co-founder of the software mastermind company known as Oracle in 1977. This idea was brewed due to the need to help build customer relationship management databases. Despite him giving up the Oracle CEO role in 2014, he still plays an active role in the company by being the chairman of the board as well as the Chief Technology Officer. His current net worth is $59 billion.
6. Amancio Ortega
He is the richest clothing retailer in the whole wide world. In 1975, he co-founded Inditex together with his ex-wife Rosalia Mera who died in 2013. He is best known for a fashion chain known as Zara. Amancio Ortega is currently worth $55.1 billion.
7. Mark Zuckerberg
Mark Zuckerberg is globally known as the owner of Facebook. He also owns the Chan Zuckerberg Initiative which is his philanthropic and advocacy arm. He is currently worth $54.7 billion.
8. Jim Walton
He is the youngest son of Sam Walton, who is the founder of Walmart. Despite giving away $1.2 billion in Walmart stock in June 2019, Jim remains the wealthiest Walton in part. Jim Walton currently owns about $44 stake in Arvent Bank. His current net worth is $54.6 billion.
9. Alice Walton
Alice Walton, the only daughter of the founder of Walmart- Sam Walton, is the first woman on this list. She has greatly invested in curating art unlike her siblings Jim and Rob who work for Walmart. She is the Chairman of Crystal Bridges Museum of American Art. Her current net worth is $54.4 billion.
10. Rob Walton
Rob Walton is Sam Wilton’s eldest son. Sam Wilton is the founder of Walmart. Rob took offer as Walmart’s chairman in 1992 after his father passed on. His current net worth is $54.1 billion.
11. Steve Ballmer
He is the high-wattage ex-CEO of Microsoft. Steve Ballmer joined Microsoft in 1980. He was the 30th employee of the company after he dropped out of Stanford while in an MBA Program. Steve led Microsoft from 2004 till 2014. His current net worth is $52.7 billion.
12. Carlos Slim Helu & Family
With a current net worth of $52.1 billion, Carlos Slim Helu is the richest man in Mexico at the moment. Together with his family, they control America Movil, which is the biggest mobile telecom firm in Latin America.
13. Larry Page
Larry Page co-founded Google in 1998 with Sergey Brin, who was his then fellow Stanford Ph.D student. In December 2019, he stepped down as the CEO of Alphabet, whose parent company is Google. However, he remained as a board member as well as a controlling shareholder. Larry Page’s current net worth is $50.9 billion.
14. Sergey Brin
Him together with Larry Page, co-founded Google in 1998 while pursuing an advanced degree in Computer Science. He also stepped down as the CEO of Alphabet in 2019 but remained as a board member and a controlling shareholder. His current net worth is $49.1 billion.
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15. Francoise Bettencourt Meyers & Family
Francoise Bettencourt Meyers, the 2nd woman on this list, is the granddaughter of the founder of L’Oreal. Together with her family, they own 33% of L’Oreal’s stock. In 2019, L’Oreal recorded its best sales growth in more than a decade. Her current net worth is $48.9 billion.
16. Michael Bloomberg
Michaelis number 16 among the top 20 richest people in the world. In 1981, Michael Bloomberg co-founded Bloomberg LP, which is a financial information and media company. He currently owns about 88% of the company. His current net worth is $48 billion.
17. Jack Ma
Jack Ma is the co-founder of Alibaba Group, which is one of the world’s largest e-commerce businesses. In 2019, Daniel Zhang succeeded Jack Ma as the executive chairman of Alibaba after he stepped down. Jack Ma’s current net worth is $38.8 billion.
18. Charles Koch
Since 1967, Charles Koch has been the CEO of Koch Industries, which is the 2nd largest private company by revenue in America. His current net worth is $38.2 billion.
19. Julia Koch & Family
After David, her husband, pass on in August 2019 at the age of 79, Julia Koch together with her 3 children inherited a 42% stake in Koch Industries. Her current net worth is $38.2 billion.
20. Ma Huateng aka Poly Ma
The 20th among richest people in the world at the moment is Ma Huateng, who is the chairman of Tencent Holdings, which is a Chinese internet giant that ranks among China’s largest businesses by market cap. His current net worth is $38.1 billion.
