The Asia-Pacific region had the most drop-offs, with 29, followed by the United States with 16. The 2013 list featured 138 women, of which 50 came from the United States. The gap between the really rich and the merely rich continues to widen, as fortunes soar to new heights.
- Her shares were largely transferred to her by her father, Yeung Kwok Keung, in 2007.
- Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list.
- He stepped down from the board in 2020 but retains ownership of approximately 1.3% of the company’s shares.
- Google is the world’s dominant Internet search engine, accounting for more than 92% of global search requests.
- Thanks to his $30.5 billion gain in the past year, Arnault is the richest person in Europe for the first time since 2012.
These billionaires can, however, still borrow against that wealth to avoid selling stock, deferring (or eliminating for heirs) taxes on unrealized capital gains in the process. Multi-billionaires can also take advantage of a panoply of tax deductions to offset reported income, leaving some on this list paying no income tax in recent years. This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide.
And finally, Amancio Ortega, who lives in La Coruna, Spain, is worth $87.9 billion, according to Forbes.
War, pandemic and sluggish markets hit the world’s billionaires this year. There are 2,668 of them on Forbes’ 36th-annual ranking of the planet’s richest people—87 fewer than a year ago. They’re worth a collective $12.7 trillion—$400 billion less than in 2021. “We’re seeing more billionaires than ever before, thanks in part to the strong stock market and continuing tech boom. For the first time, more than a third of U.S. billionaires were too poor to make this elite list of the nation’s 400 richest,” said Luisa Kroll and Kerry Dolan, assistant managing editors of wealth at Forbes Media.
As an adult, he worked in business for about two decades before investing in Telemex, Mexico’s only phone company at the time. Now, his family is in control of the largest telecom firm in Latin America, América Móvil. You can follow this link to see Forbes’ full list of the richest people in the world for 2018. “The billionaire ranks prove that even the world’s richest are not immune to economic forces and the volatility of world markets,” Luisa Kroll, assistant managing editor of wealth at Forbes, said in a statement.
Larry Ellison is reportedly worth $145.2 billion. In Hawaii, he lives on the island of Lanai, which he owns most of.
The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page. The individuals on this list belong to an even more exclusive club and wield still more power. Many are founders of technology giants, with much of their wealth still invested in the companies they started. It is based on an annual assessment of wealth and assets by Forbes and by data from the Bloomberg Billionaires Index.
After the dot-com bubble started to collapse in 2000, his wealth dropped to $60 billion, although he remained at the top of the list. The Forbes Billionaires list is a snapshot of wealth taken on February 9, 2018; Forbes used that day’s stock prices and exchange rates from around the world. It lists individuals rather than multigenerational families who share large fortunes.
#13 Carlos Slim Helu & family
A “self-made” billionaire, he cofounded Oracle, a large software company, in 1977. Today, he owns approximately 35% of it, and he serves as CTO and chairperson. The Top 20 billionaires have a combined net worth of a record $1.2 trillion, up from $968.8 billion in 2017.
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Two years later, the company released Oracle, the first commercial relational database program to use Structured Query Language. The database program proved so popular that SDL would change its name to Oracle Systems Corporation in 1982. He joined Tesla’s board in Dec. 2018 and stepped down in June 2022. An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979. Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.4% of LVMH.
Bernard Arnault and his family have a reported combined net worth of $220.4 billion. They’re based in Paris.
With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own. Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. All figures are current as of Aug. 2, 2023, unless otherwise stated. That question is easy enough to answer thanks to Forbes’ list of the richest people in the world for 2018. The list ranks the richest people in the world based on their net worth. There are plenty of billionaires in the world, but we’re looking at the top 10 with the most net worth.
- The largest piece of her fortune comes form Hope Downs, an iron ore mine.
- He’s chairperson and CEO of LVMH, the 75-brand strong cosmetics and fashion empire.
- He has also shown an interest in flying car companies, investing in both Kitty Hawk and Opener.
- Three years later, Ellison moved to Precision Instruments, serving as the company’s vice president of research and development.
- Today, he owns approximately 35% of it, and he serves as CTO and chairperson.
- This is the biggest gap (in dollars) between the top 2 spots since 2001.
Page’s net worth went from just below $52 billion in March 2020 to the current $86.9 billion. Google is the world’s dominant Internet search engine, accounting for more than 92% of global search requests. In 2006, the company purchased YouTube, the top platform for top 100 richest people in the world 2018 user-submitted videos. Gates shifted from the company’s CEO to the role of board chair in 2008. While attending Harvard University in 1975, Bill Gates went to work alongside his childhood friend Paul Allen to develop new software for the original microcomputers.
He made his fortune by investing in Berkshire Hathaway, a multinational conglomerate that encompasses dozens of smaller companies. “There are 72 self-made (women), which is just really exciting because that’s always been a huge lag,” Kroll said. As of Aug. 2, 2023, the world’s richest man is Elon Musk, CEO of Tesla and SpaceX. Steve Ballmer joined Microsoft in 1980 after Bill Gates convinced him to drop out of Stanford University’s MBA program. Ballmer oversaw Microsoft’s 2011 purchase of Skype for $8.5 billion. From there, Page and Brin went on to found Google in 1998, with Page serving as CEO of the company until 2001, and again between 2011 and 2019.
#7 Sergey Brin
China had 319 (not including Hong Kong, Taiwan or Macau), Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time. Centi-billionaire Jeff Bezos seizes the top spot for the first time. Bezos has a fortune of $112 billion, up $39.2 billion from 2017, the biggest one-year gain ever. Bill Gates, who has been the richest person in the world for 18 of the past 24 years, drops to No. 2 on the Forbes billionaires list.
Her shares were largely transferred to her by her father, Yeung Kwok Keung, in 2007. It also wouldn’t hurt to have been born into wealth; however, the greatest fortunes on this list started as good ideas that people with creativity, drive, and connections used to build some of the world’s largest companies. Cascade is a privately-held investment vehicle that owns a variety of stocks including Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investments in real estate and energy.
Jeff Bezos
The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. Buffett expanded the company’s holdings to insurance and other investments in 1967. Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list.
His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault. French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora. Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. Forbes puts the number of billionaires in the world at 2,640 in 2023.
We don’t pretend to know each billionaire’s private balance sheet (though some provide it). When documentation isn’t supplied or available, we discount fortunes. For daily updates of net worths, go to forbes.com/real-time-billionaires. A record total of 1,426 people made the 2013 list, representing $5.4 trillion of assets.[33] Of those, 442 billionaires hailed from the United States.[31] The Asian-Pacific region had 386 billionaires and Europe 366. The list also featured a record number of newcomers, 210, representing 42 countries. 60 people from the 2012 list fell below a billion dollars of assets in 2013, and eight others from the 2012 list died.