The world's wealthiest people all have certain things in common: legendary work ethics, breakthrough ideas, and absolute commitment to their companies. At the time of updating this text , all of the highest five wealthiest people founded their own companies, and still take a lively role within the management of their exorbitant wealth.
Net Worth: $116.9 billion1
Founder: Amazon (AMZN)
In 1994, Bezos founded Amazon.com during a garage in Seattle, shortly after he resigned from the hedge fund giant D.E. Shaw. In fact, he had originally pitched the thought of a web bookstore to his former boss David E. Shaw (a rumor that Shaw himself has confirmed), who wasn't interested.
Though Amazon.com originally began selling books, it's since morphed into a one-stop-shop for everything under the sun, and is arguably the world's most vital retailer. At any rate, it's hard to dispute its self-description because the "earth's most customer-centric company." Its pattern of constant diversification is clear in a number of its unexpected recent expansions, which include its acquisition of Whole Foods in 2017 and its launching of its own branded over-the-counter drugs in Feb. 2018.
Bezos took Amazon public in 1997, and has since gone on to become the primary man since Gates in 1999 to realize a net worth of over $100 billion.2 Bezos' other projects include aerospace company Blue Origin, The Washington Post (which he bought in 2013), and therefore the 10,000-year clock, also referred to as the Long Now.
Net Worth: $99.9 billion3
Co-Founder: Microsoft Corp. (MSFT)
The only Harvard dropout within the Top Five, Bill Gates' knack for increasing wealth is staggering, even for an already wealthy guy. The Microsoft co-founder's net worth has quite doubled since 2009.4
Through the Bill & Melinda Gates Foundation, he has also spent billions to fight polio and malaria. Additionally, he pledged $50 million in 2014 to assist fight Ebola.5
Bill Gates stepped down from the boards of Microsoft and Berkshire Hathaway on March 13, 2020.6 7
3-Bernard Arnault Family
Owner of LVMH
Net Worth: $91.6 billion8
French national Bernard Arnault is that the chairman and CEO of LVMH, the world's biggest luxury goods company. the corporate owns a number of the most important brands on earth including Louis Vuitton, Hennessey, Bulgari, Marc Jacobs, Dior, Sephora, and lots of more.
An engineer by training, Arnault's business chops became apparent whilst working for his father's engineering company, Ferret-Savinel. He converted the corporate to a true estate company in 1976.
Arnault acquired luxury goods maker Financière Agache in 1984, eventually selling all of its holdings aside from Dior and Le Bon Marché emporium . He became chairman of the board of LVMH in 1989. His own investments are broad, including technology concerns and yacht companies.
Net Worth: $70.5 billion9
Best Investor of the 20th Century
The most famous living value investor, Warren Buffet filed his first income tax return in 1944 at age 14, declaring his earnings from his boyhood paper route.
He first bought shares during a textile company called Berkshire Hathaway in 1962, becoming the bulk shareholder by 1965. He expanded the corporate to the insurance and other investments in 1967. Now, Berkshire Hathaway may be a half-trillion-dollar company, with one share of stock trading at over $300,000 per share in early 2019.10
Warren Buffett is widely referred to as “The Oracle of Omaha” due to his knack for value investing, in other words, finding bargains in undervalued companies. While most investors are piling into social media companies, Buffett has repeatedly stated that it’s too difficult to work out their value, and has instead cursed with investments that he thinks can pay off 10 years down the road. he's also a noted Bitcoin skeptic.
Buffett is additionally known for his frugality. At age 14, he itemized his bicycle as a $35 deduction on his first tax return because he used it for his paper route. He gives much of his wealth to charity, and has said that he doesn't shall leave his riches to his children. Between 2006 and 2019, Buffett has given back nearly $34.5 billion and committed to eventually making a gift of nearly his entire fortune.11
Chief Technology Office and founding father of Oracle
Net Worth: $62.4 billion
Larry Ellison co-founded database software company, Oracle, in 1977. He stepped down as CEO in 2014, but remains CTO and chairman of the board. He has also served on the board of Tesla since December 2018.
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