Top 10 Richest Men In The World
Who are the top 10 richest men in the world? Most people have a very good idea, even if they are not entrepreneurs, or are fundamentally interested in this issue. When you read this article, you may already know who will appear on the list of top 10 richest men in the world.
Let us find in this article that we list the top 10 richest men in the world by 2019. These are the people who change the rules of the game and the people who help transform and reshape the world. In the past year, the net assets of these billionaires have experienced huge fluctuations. However, you can find more related content below!
01 – Jeff Bezos $157.7 billion
Jeff is the founder of the world’s famous Amazon that is said to be one of the most successful and largest online markets in the world. There have been a lot of talks about who is the richest person in the world recently, and Jeff Bezos’s net worth has been fluctuating recently. However, Jeff has now retired to Bill Gates and became the richest man in the world.
According to Bloomberg, when Jeff tried to launch Amazon, his parents Mike (stepfather) and Jackie invested $245,573. He reminded them that the probability that they will never get a penny is 70%. However, Bezos believed in their genius son. If they have never sold a portion of their initial investment, Bloomberg estimates that Bezos will currently hold 16.6 million shares worth $27.22 billion in current market valuations.
Jeff Bezos’s net worth is usually calculated by multiplying his stock owned by Amazon by their current stock price. However, he has many investments outside of Amazon, and any other standard will make him a very wealthy person.
In 1998, Jeff Bezos invested $250,000 in Google and reached 3.3 million shares in an initial public offering. After Google’s 2-to-1 split in 2014, it will now be equivalent to 6.6 million shares. If he still holds these stocks today, their value is about $8.35 billion. According to David Oletta, author of “Google Search: The End of the World We Know,” Jeff bought Google’s stock for 4 cents. According to reports, he fell in love with Larry Page and Sergey Brin and was fortunate to be one of the earliest large investors in the search engine. Years later, in 2003, Amazon tried to create its own search engine, A9, but it eventually failed.
02 – Bill Gates $100.9 billion
Bill Gates is the founder of Microsoft and is the second richest man in the world. Gates co-founded Microsoft with Paul Allen in 1975, and it’s since then become the largest PC software company in the world. Bill Gates is reported to be the second-richest man in the world, according to Forbes magazine.
When Bill and Paul Allen started Microsoft, they had the vision to place a computer within every home. And at the time, that vision seemed way too ridiculous. In many parts of the world, that vision has become a reality and personal technology is an essential part of society. Bill is passionate about Microsoft’s work and will always be involved with the company, including his present role as a member of the board and technology advisor. These days, Bill spent most of his time working with him and Melinda through their foundation. People are often surprised to hear that this work has much in common with his work at Microsoft. In both cases, he will bring together smart people and work with them to solve major problems.
The majority of Gates’s fortune is derived from Cascade Investment, a holding company that was created with the proceeds of Microsoft stock sales and dividends.
He retains about 1.3 percent of Microsoft, the world’s largest software maker, according to the company’s 2018 proxy filing. Shares held by the Bill & Melinda Gates Foundation, a charitable enterprise that supports poverty eradication, medical research, and education initiatives, aren’t included in his net worth calculation.
03 – Bernard Arnault $93.5 billion
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According to Forbes data, as the world’s richest European, Bernard Arnault’s net worth has grown by tens of billions of dollars in the past year due to Christian Dior’s high-profile acquisitions and LVMH’s record numbers. He comes on 3th number in the list of top 10 richest men in the world.
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Arnault’s high net worth is related to his shares in Christian Dior. In April 2017, LVMH acquired luxury brands for $13.1 billion, and the Arnault family turned to buy the remaining shares they did not own. According to Forbes, Dior shares rose 52% last year.
04 – Warren Buffett $86.9 billion
Warren Buffett is an American business magnate, investor, and philanthropist. He is considered to be the best and most successful investor in the world, and you’ll soon see why.
Buffett has been the chairman and largest shareholder of Berkshire Hathaway since 1970, and he’s also one of the top richest men in the world. Warren Buffett’s net worth is $80 billion.
Warren Buffett worked as an investment salesman at Buffett Fokker from 1951 to 1954; as a securities analyst at Graham-Newman Corp. from 1954 to 1956; as a general partner at Buffett Partners from 1956 to 1969, from 1970 Serving as Chairman and CEO of Berkshire Hathaway.
In 1979, Berkshire began the year trading at $775 per share and ended at $1,310. Warren Buffett’s net worth reached $620 million. Buffett became a paper billionaire when Berkshire Hathaway began selling class A shares on May 29, 1990, with the market closing at $7,175 a share.
One of Buffett’s main tenets of investing in business was to pick companies in stable industries. The next was to simply pick companies whose products Warren enjoyed. That’s what led Berkshire Hathaway to buy See’s Candy in 1972 for $25 million, and subsequently turn it into an extremely profitable company.
His net worth comes from his various shares and his portfolio. His yearly salary is $100,000. It’s far from a salary to scoff at, but the six figures he made last year at his job accounts for just 0.00001% of his current valuation.
Warren looks to agree with that sentiment, as he has given billions of dollars to various charitable causes over the past decades and shows no sign of slowing down. In 2006, he made a pledge to eventually give all of his Berkshire Hathaway shares to philanthropic causes and foundations.
05 – Amancio Ortega $70.1 billion
Amancio Ortega is a Spanish entrepreneur, a retired chairman and a contributor to a textile company called Inditex. The fashion house is known for auctioning Zara decorations and clothing. Although he owns a clothing store, Amancio has never had a fashion sense because he doesn’t care what he will wear.
He has been rated as the richest man in Europe and the richest retailer in the world. His startup has achieved his net worth figures. His fashion company, Zara, is the biggest booster of his net worth, with more than 6,000 stores in 77 countries. All of these stores add a significant portion to his net worth. According to reports, Amancio Ortega’s annual income is about 400 million US dollars. His valuable assets include apartments in various states, horse jumping areas and so on.
According to data compiled by Bloomberg News on July 11th and July 27th, he acquired two properties worth $1.2 billion through Pontegadea in 2018. The analysis assumes that he pays cash for these buildings, and these buildings are included as separate assets. The value is not reflected in the company’s 2017 results.
Amancio Ortega is one of the richest men in the world, living a simple life and keeping his life secret. Even at his age, he is still in the business world, and in recent years we expect his net worth to increase.
As of today, Amancio Ortega has not yet received any honor, but his wealth is recognized and ranks among the top 10 richest men in the world.
06 – Mark Zuckerberg $67.8 billion
Zuckerberg is the co-founder and CEO of Facebook, the company behind the world’s largest social network. The company, based in Menlo Park, Calif., generated revenue of $41 billion in 2017 and more than $2 billion per month. It is an initial public offering in 2012 was the largest technical IPO ever.
According to The Wrap, this is a tough week for Zuckerberg. According to reports, due to data leakage shocked Facebook, he lost nearly 10 billion US dollars, that is, billions of dollars. Yes, the CEO of the social media company is conducting a rough financial week. Due to this loss, Zuckerberg is present on the 5th number of top 10 richest men in the world.
Facebook stocks continue to fall. It changed from $185 per share to $159 per share in just one week. The reason why the stock price fell by 3.3% was that 50 million users found their personal information to be inadvertently visited. The scandal shocked the company and those who trust social media sites.
According to the company’s 2018 proxy statement and the sale or donation of approximately 23 million shares disclosed in the follow-up Form 4 in November 2018, most of Zuckerberg’s equity is from a 13% stake in Facebook.
According to a press release dated July 25, 2018, the world’s largest social network has 2.2 billion active users per month. Facebook sold shares in its initial public offering on May 17, 2012, the largest technical IPO in history. According to the company’s 2018 agency statement, he owns shares through a series of trusts and holding companies.
The value of his cash investment is based on an analysis of insider trading – primarily by analyzing Bloomberg data and more than $3.5 billion in company documents to assess the sale of Facebook stocks – as well as taxes, charitable giving, and market performance. He comes on the sixth number of the list of top 10 richest men in the world.
07 – Larry Ellison $66.1 billion
Larry Ellison is an American entrepreneur, philanthropist, and businessman known for his role as an Oracle Corporation. Ellison is one of the founders of Oracle Corporation. In addition, he currently serves as Chief Technology Officer and Executive Chairman. He comes on the seventh number of the list of top 10 richest men in the world.
His main source of income is his company, Oracle Corporation. Larry is not just the founder but also the CEO. He only earned about $8 million from dividends and stock sales. His salary is about $75 million. His house is worth $200 million and he has other investments.
Larry Ellison is a great thinker of a database company called Oracle. As of now, he is the CEO. After Bill Gates, Amancio Ortega, Carlos Heru, and Warren Buffett, he is one of the ten richest men in the world. Ellison participated in the high-tech category of the Ernst & Young Entrepreneurship Program of the Year and was named a winner.
His cash investment value is based on an analysis of income, insider trading, taxation, spending habits, and market performance. The calculations include the real estate values of San Francisco, Lake Tahoe, Malibu, Rhode Island, Japan and Hawaii, and Hawaiian Airlines Island Air. According to the filing of the stock exchange in December 2018, Ellison owns 2% of Tesla.
08 – Carlos Slim Helu $62.8 billion
Carlos Slim Helu is a billionaire investor and philanthropist. He has been awarded the title of the richest man in the world by Forbes magazine and currently has more than 200 companies worldwide.
He began investing directly from the university, and now he is a very wealthy person who can donate a large amount of property to charities to help many different careers.
Slim controls America Movil, the largest mobile phone operator in Latin America. He holds shares in banks and mining, as well as shares in publicly traded companies, including the New York Times and Caixabank. Through the family vehicle Grupo Carso, he is also interested in the Mexican construction industry.
Most of Slim’s wealth comes from a handful of listed companies. His most valuable asset is a 57% stake in Latin Movil, the largest mobile phone operator in Latin America, followed by his holding of the company Grupo Carso and the bank and insurance company Grupo Financiero Inbursa. He owns shares in more than six other listed companies, many of which pay dividends.
The billionaire confirmed a plan in December 2017 to sell nearly half of the New York Times stocks in 2020. These stocks still owe him to him because he still controls his voting rights and receives dividends.
According to data compiled by Bloomberg, Slim earned nearly $10 billion in dividends from his investment. His cash investment value is based on an analysis of insider trading, real estate purchases, market performance, investment, charitable donations, and taxes. He comes on the 8th number of the list of top 10 richest men in the world.
09 – David Koch $52.1 billion
David Koch is an Honorary Director of Koch Industries and a former Executive Vice President. He joined the family business in the shadow of his brother Charles in 1970. In 1980, he was contested by the party’s vice president, predicting the depth of his and Charles’ political commitment.
In June 2018, the company announced that David had retired due to health problems. The New Yorker later reported that David refused to retire, but Charles forced him to withdraw.
In the 1990s he was diagnosed with prostate cancer and recovered from a plane crash. His experience with cancer may inform his philanthropy; he has committed or donated more than $1.3 billion to cancer research, medical centers, and public policy organizations. He comes on the 9th number of the list of top 10 richest men in the world.
David Koch owns a 42% stake in Koch Industries, the second-largest US company, with annual revenues of $100 billion. He has invested in several companies including Georgia-Pacific, Invista, Flint Hills Resources, Koch Fertilizer, Koch Pipelines, Molex and others. He also holds shares in Koch Equity Development, a family private equity fund, and has a $2 billion cash investment in 2015.
David and his brother Charles are also known as donations to political advocacy groups, including American prosperity and political movements, mainly Republicans.
10 – Charles Koch $51.5 billion
Charles is the CEO of Koch Industries, which he has held since 1967 when his father Fred died unexpectedly. Charles serves as chairman of the board of directors. Under Charles’ leadership, the company has participated in billions of dollars in acquisitions and has grown to become one of the largest financial footprints in the United States. Due to the performance of Koch Industries, Charles is now worth more than Slovenia’s GDP.
The company’s largest acquisition was the assimilation of Georgia-Pacific in 2005, valued at $21 billion. Charles attributes his success to what he calls market-based management, which applies “freedom of speech, values of property and progress” and “components of a free-market society” to management, as described by the Charles Koch Institute. He even wrote a book on this subject in 2007, entitled “Successful Science: How Market-Based Management Establishes the World’s Largest Private Company.”
Charles ranked tenth on the top 10 richest men in the world. Even after the merger, Koch Industries’ revenue of $100 billion far exceeds the income of other big names. For example, the group beat Goldman Sachs, Honeywell International, and Starbucks’ total revenue.
The focus on creativity has enabled Koch to provide scholars with scholarships and research grants. He is also a board member of the Mercatus Center for Market-oriented Research Think Tanks at George Mason University. Koch is also an important contributor to the Republican movement, organizing a Republican donor to participate in the meeting every six months. The total number of candidates that was given to them by the Koch brothers may be unbelievable.
In the last presidential election, Kochs and its conservative donor network spent less than $400 million in the 2012 campaign. In contrast, the Republican National Committee and its two congressional campaign committees spent a total of $657 million in the 2012 competition. He comes on the 10th number of the list of top 10 richest men in the world.