All the businesses and jobs make for the economy. A major factor that plays a huge role in shaping and influencing the global economy is the cream of people in the world.
This cream constitutes the richest people in the world. Anyone who is able to earn well and live a luxurious life is said to be rich. But there are few who have made a mark of richness in the entire world.
There are certain people who are born rich and work hard to make themselves richer. There are also people who start from scratch and create a place of their own.
The most wealthy persons in the world include Jeff Bezos, Elon Musk, and more. These people occupy a huge place and importance in the whole world.
What Determines the Wealth of a Person?
Most Richest People in The Whole World
- Elon Reeve Musk (Elon Musk)
- Jeffrey Preston Bezos (Jeff Bezos)
- Bernard Jean Etienne (Bernard Arnault)
- Willian Henry Gates III (Bill Gates)
- Lawrence Edward Page (Larry Page)
- Warren Edward Buffett (Warren Buffett)
- Sergey Mikhaylovich Brin (Sergey Brin)
- Lawrence Joseph Ellison (Larry Ellison)
- Steve Anthony Ballmer (Steve Ballmer)
- Mukesh Dhirubhai Ambani (Mukesh Ambani)
Why does the Position of These People changes?
What Determines the Wealth of a Person?
The factor that determines how rich a person is their net worth. This worth is calculated in terms of monetary values. Higher the net worth, the richer the person is.
What does Net Worth Mean?
In simple economic terms, it is the value of all assets minus all liabilities. It is a difference between what one has and what one owes to others. It is the amount by which the value of a person’s assets exceeds the liabilities.
It is a quantifiable concept. It measures the value of a person, organization, or country. High net worth means good financial strength and a good credit rating of a person or organization. Low net worth means weaker financial strength and lower credit rating.
Most Richest People in The Whole World
The rich are a huge contributor to the global economy. They not only contribute but also are great influencers of the economy and people’s perceptions. Most of these people have used technology for the betterment and enhancement of regular people’s life.
Here are the top five richest people in the world:
Elon Reeve Musk (Elon Musk)
This 50-year-old man, popularly known as the CEO of Tesla Motors, is the richest person in the world. He was born in South Africa and is now an American entrepreneur. He is the co-founder of PayPal (PYPL), Neuralink, and OpenAI.
Elon Musk is the founder, CEO, Chief engineer, and designer of the famous (Space exploration technologies) SpaceX. He is also the founder of the Boring Company. He started his entrepreneurial journey with the startup, Zip2.
Since then, this man has not stopped exploring the field of technology and has made himself the richest in the world. At present, he has a net worth of 24,930 crores USD.
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Jeffrey Preston Bezos (Jeff Bezos)
He is an entrepreneur, computer engineer, investor, and commercial astronaut, born in New Mexico in the year 1964. Jeff Bezos is the founder of our beloved Amazon. The name that brought a revolution in the electronic commerce industry.
Jeff Bezos has been the CEO of Amazon from the beginning to the year 2021. Now, he is the executive chairman of Amazon. He also possesses his space company, Blue Origin. He made news all around the world for his trip to space in his company-built rocket.
He enjoyed the first rank in the list for around three years and was put back by Musk last year. He has a current net worth of 18,400 crores USD.
Bernard Jean Etienne (Bernard Arnault)
He is an entrepreneur and investor, born in the year 1949 in Roubaix, France. Bernard Arnault is the Chief Executive and Chairman of the leading luxury goods company, LVHM. The firm owns high-end brands like Louis Vuitton, Sephora, and more.
He has a major ownership share in Christian Dior that makes for most of his net worth. Other assets that contribute to his wealth include equity in Hermes, Moelis & Company, and cash.
The French tycoon has gained great popularity and earned a big place on the list. He has a current net worth of 18,960 crores USD.
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Willian Henry Gates III (Bill Gates)
He is a software developer, businessman, and author. He was born in the year 1955 in Seattle. He is the co-founder of Microsoft. It is the biggest software company in the world.
The company makes personal computers, phones, servers, software development tools, intelligent devices, and more. Bill apart from his business achievements, is a great philanthropist. He has helped a lot in the fight against Ebola, malaria, polio, and covid-19.
Besides his ownership share in Microsoft, his other huge net-worthy asset is Cascade Investment LLC. At present, Bill Gates has a net worth of 13,140 crores USD.
Lawrence Edward Page (Larry Page)
A person who has made people’s lives so convenient is Larry Page. He is a computer scientist and internet entrepreneur born in the year 1973 in Michigan, USA. He is popular for being the co-founder of Google.
Google is like a household name for the entire world. Over the years, it has acquired YouTube and Android. Last year it saw a fifty percent rise in its shares.
Larry became a multi-billionaire at the mere age of twenty-seven years. He has a keen interest in space and flying cars. Larry Page has invested in the related companies. Currently, he has a net worth of 11,670 crores USD.
Warren Edward Buffett (Warren Buffett)
He is a businessman and a keen investor born in Nebraska, the USA in 1930. Warren Buffett is the CEO of Berkshire Hathaway, a company that has its subsidiaries in insurance, energy generation, manufacturing, and many more.
Warren is famous for being a buy-and-hold investor who has made his huge wealth by gaining undervalued companies. Many books, movies, and documentaries have been made inspired by Buffett.
He is one of the best and most renowned investors of all time in the world. His current net worth stands at 11,380 crores USD.
Sergey Mikhaylovich Brin (Sergey Brin)
He is a computer scientist, businessman, and popular internet entrepreneur. He was born in Moscow, Russia in 1973. Sergey Brin is the man who co-founded Google with Larry.
Brin is no longer the president of Alphabet, the parent company of Google. But he continues to be a controlling shareholder and board member.
He stands two steps down his co-founder in the list with a net worth of 10,700 crores USD.
Lawrence Joseph Ellison (Larry Ellison)
He is a businessman, entrepreneur, and investor born in New York, the USA in 1944. Larry Ellison is popularly known as the co-founder and former CEO of the renowned software company, Oracle corporations.
The businessman serves as the chairman and Chief Technology Officer at Oracle. The company is the second-largest software company in the world. With time, they acquired many other companies in different fields.
Larry is also an equity holder in Tesla and has a net worth of 10,300 crores USD.
Steve Anthony Ballmer (Steve Ballmer)
He is a businessman and investor born in the year 1956, hailing from Michigan, USA. At present, he owns National Basketball Association’s Los Angeles Clippers. Steve Ballmer is also known to be famous for being the CEO of Microsoft for fourteen years.
He still is the biggest individual shareholder in Microsoft of 4%. He and Gates studied together at Harvard University.
This American businessman has made great progress over the year and has a net worth of 9,260 crores USD.
Mukesh Dhirubhai Ambani (Mukesh Ambani)
He is a popular billionaire businessman in India. He was born in Aden, Yemen in 1957 but was brought up in Mumbai, India. Mukesh Ambani is the Chairman and Managing Director of Reliance Industries, the company with the largest market value in India.
He dropped out of Stanford University to come back to India and work towards the expansion of Reliance. The company has indeed expanded to its great potential especially in retail and telecommunications under his direction.
Mukesh is the only Indian who stands among the top ten richest people in the world with a net worth of 9,160 crores USD.
Why does the Position of These People changes?
The position of these people on the list does not stay intact forever. It keeps on changing. The net worth of these people is not only because of themselves but also has the contribution of regular people.
A large amount of their wealth is in publicly traded stocks. The stock market as we know has its fair share of highs and lows. So, the changes in market valuations, and assets & liabilities lead to changes in the net worth of the richest people in the world.
Elon for example made it to the top because of the massive rise in share prices of Tesla. So, the share market plays a huge role in determining the position that a rich person holds.
Conclusion
The richest cream of people in the world plays a huge role in building the economy. These also act as role models for many people who wish to be like them one day. Their journeys consist of hard work, execution, an eye for opportunities, overcoming obstacles, and a non-give-up attitude.
The above-mentioned are the top 5 richest persons in the world. These men have created revolutions in their fields and made it to where they are today.
FAQs
Who are the top 5 richest people in the world?
The top 5 richest people in the world are:
- Elon Musk
- Jeff Bezos
- Bernard Arnault
- Bill Gates
- Larry Page
What is the net worth of Elon Musk?
Elon Musk has a net worth of 249 Billion.
What is the net worth of Jeff Bezos?
Jeff Bezos has an estimated net worth of $184 billion.
Who are the richest family in the world?
The richest family in the world are:
- The Walton Family – United States
- The Mars Family – United States
- The Koch Family – United States
- The Al Saud Family – Saudi Arabia
- The Ambani Family – India
