What does it take to become the world’s wealthiest person? Breakthrough ideas, exceptional work ethics, absolute commitment towards work? Well, it all depends on how you conduct your business.
Every year, Forbes releases a list of the world’s richest people in the world and if you’re thrilled to know what people have made it to the list this year, this article is right for you!
Top 10 Richest People in the World
Down below we will fill you in with the information about the world’s top ten billionaires of 2020. Let’s dive into the article to know what business made them manage such an exorbitant wealth.
10. Sergey Brin (Net worth: $75.6 B)
It was at Stanford when Sergey Brin met his fellow computer science graduate student Larry Page who later convinced him to join his research project. He was working on developing a method to determine the number of Web pages linked to anyone given page.
Together in 1997, they registered the domain name google.com which is derived from “googol, a term used to express a number followed by 100 zeros. Sergey Brin at the end of 2019 stepped back from his executive positions with the parent company but continues to serve on Alphabet’s board.
9. Amancio Ortega (Net worth: $76.0 B)
Amancio Ortega is the founder of the Spanish fashion group Inditex which is popularly known for its Zara clothing chain. His 10 years of managing sewing cooperatives made him capable of running a successful clothing business by giving his clients high-quality garments at reasonable prices.
His unique business model is the reason behind the success of the world’s fast-fashion retailer. The Inditex corporation has over 137,054 professionals employed in 6,683 stores and facilities located in 88 countries.
8. Larry page (Net worth: $77.8 B)
Along with Sergey Brin, Larry Page created one of the most successful sites on the Internet with the idea that emerged while they were still in Stanford University’s graduate program.
They started working together on their project of formulating a new type of search technology of what is now referred to as the foundational algorithm of Google Search.
He was later appointed as the president of Alphabet, a holding company of Google, however, in 2019 he left the post but kept up to serve on Alphabet’s board of directors.
7. Larry Ellison (Net worth: $78.3 B)
Larry Ellison worked as a computer programmer for about 10 years before he launched his company Oracle Corporation in 1977.
To support his family financially, he started working at different firms where he picked up basic computer skills. He used his skills as a programmer at Amdahl where along with his two associates he launched Software Development Labs.
As of now, Ellison serves as chairman of the board and chief technology officer. As for his spending, he purchased a $194 million yacht and donated $200 million to the University of Southern California.
6. Warren Buffett (Net worth: $88.3 B)
Warren Buffett is considered to be the greatest investor of all time, he was 11 years old
When he first stock. He learned about investment from his father, Howard Buffett, who owned a small brokerage. Eventually, he started a partnership with his close friends and family where he gained over 4% and even repaid the partnership a quarter for any loss.
He then opened a total of seven partnerships and had stakes in more than a million dollars of partnership assets. In the coming years, he merged all of his partnerships into a single entity.
5. Mark Zuckerberg (Net worth: $101.7 B)
Mark Zuckerberg while at Harvard University launched Facebook in 2004 where he asked his fellow Harvard students to enter their own information and photos. Soon after, most of the students registered themselves on the platform.
Later, additional features were introduced allowing users to create profiles, upload photos, and other media. He decided to drop out of Harvard to focus on his fledgling company and shortly by the end of 2004, the website reached around one million users.
4. Bill Gates (Net worth: $119.4 B)
It was in 1975 that Gates along with his hometown friend Paul G. Allen started to develop software for the first microcomputers. After achieving success on his project, left Harvard and formed Microsoft with Allen.
He then licensed Microsoft as an operating system called MS-DOS to International Business Machines Corporation and soon became a paper billionaire. After a decade of launching his software, he was estimated as the world’s richest private individual.
3. Elon Musk (Net worth: $126.2 B)
Elon Musk is the co-founder of PayPal, Tesla Motors, and SolarCity, and is the founder of SpaceX. He was introduced to computers with the Commodore VIC-20 at the age of 10 and sold a game called Blastar to Spectravideo for $500 at the age of 12.
He describes himself as a smart aleck and also says that he had a terrible overall upbringing. His interest in reading science fiction, philosophy, and fantasy novels reflects the transitions he brings to society. His future work ideas are spectacular and aim at working in areas vital for the coming progression.
2. Bernard Arnault & family (Net worth: $140.6 B)
Chairman and CEO, LVMH Moet Hennessy Louis Vuitton
Bernard Arnault, a French national is the chairman and CEO of LVMH which is also the world’s biggest luxury goods company. His company owns some of the biggest brands in the entire world including Louis Vuitton, Hennessey, Bulgari, Marc Jacobs, Dior, Sephora, and many more.
Soon after pursuing a degree in engineering, he took control of his father’s construction firm Ferret-Savinel but in the later years converted the company to a real estate company.
In 1984, he acquired luxury goods maker Financière Agache and sold off its major holdings except for Christian Dior and Le Bon Marché department stores.
1. Jeff Bezos (Net worth: $182.4 B)
CEO and Founder, Amazon
Jeff Bezos ranks at the top position on Forbes list of billionaires for 2020 making him the richest man on the earth. He is the founder and chief executive officer (CEO) of the global e-commerce platform Amazon.com Inc.
In 1994, he started working on developing a platform, where he could sell products online. Amazon that initially sold books in around 45 countries in the world soon turned out to be one of those startups that survived the dot-com bust.
As for the company’s stock, it increased exponentially to nearly 500% from September 2015 to September 2020.
Who will be the first trillionaire?
According to a report, Jeff Bezos as early as 2026 could possibly become the world’s first trillionaire.
Who was the first billionaire in the world?
John D. Rockefeller, an American oil magnate became the world’s first confirmed billionaire in 1916.
So this was all about the Top 10 richest people in the world. To summarize, all we can say is, it requires utmost dedication and sheer hard work to achieve goals in life. As seen earlier, none of these people acquired any legacy but instead focused on their goals and were determined throughout.
Which of the above-listed individuals inspires you the most? What field would you venture in and with whom if you were given a chance to work with one of these well-established individuals? Tell us in the comment section below.