Bernard Arnault is a French billionaire businessman and an art collector. He is the Chairman and Chief Executive Officer (CEO) of the world’s largest luxury-goods company, LVMH Moet Hennessy- Louis Vuitton SE. He also serves as the Chairman of the French luxury goods company, Christian Dior SE. Both companies are interconnected as Dior itself holds 42.36% shares of and 59.01% voting rights within LVMH.
Arnault became the richest person in fashion in April 2018. He briefly surpassed Jeff Bezos to become the world’s richest person in December 2019. He again became the world’s richest person for a short period in January 2020. With a net worth of $180.6 billion, Bernard Arnault is the richest man in the world in 2022.
Bernard Arnault – Biography
Name
Bernard Jean Etienne Arnault
Born
5 March 1949
Birthplace
Roubaix, France
Age
73
Nationality
French
Education
Ecole Polytechnique, Palaiseau
Profession
Businessman; Media proprietor; Art Collector
Position
Chairman & CEO at LVMH; Chairman of Christian Dior SE
Net worth
$180.6 billion (Forbes 2022)
Father
Jean Leon Arnault
Mother
Marie-Josephe Savinel
Spouse
Anne Dewavrin (1973-1990); Helene Mercier (since 1991)
Bernard was born in Roubaix, France. His father, Jean Leon Arnault was a manufacturer. His mother, Marie-Joseph Savinel was intrigued by the Dior brand. He married Annie Dewavrin in 1973 and they had two children, Delphine and Antoine. After getting divorced, he married Helene Mercier who was a Canadian concert pianist. They had three children and the family currently lives in Paris, France.
Bernard Arnault – Education
Bernard studied at Lycee Maxence Van Der Meersch in Roubaix. He was later enrolled in Lycee Faidherbe in Lille. He completed his graduation from the leading school of France Ecole Polytechnique in 1971.
Bernard Arnault – Professional Life
Bernard started his professional career after completing his studies. In 1973, he joined his father’s company, Ferret Savinel. He served as the President of the company from 1978-1984. He was a member of the Board of Advisors of the Malaysian 1MDB fund from 2010 to 2013.
He acquired many companies including, Celine, Berluti, Kenzo, Guerlain, and Loewe. He also purchased the French economic newspapers, La Tribune, and Les Echos.
He is a brilliant Investoras well. He had invested in major companies like Zebank, Boo.com, Libertysurf, Netflix, Colony Capital, Carrefour, Princess Yachts, and Royal van Lent. As a Philanthropist, he and his family pledged to donate €200 million for the reconstruction of Notre Dame cathedral after a fire. In 2019, he and his son finalized a donation of €100 million.
Bernard acquired a luxury goods company in 1984 with the help of Lazard Freres. He then became the CEO of the acquired company, Financiere Agache.
Gradually, he took control of the textile company, Boussac Saint-Freres, which owned Christian Dior, Le Bon Marche, Conforama, and Peaudoce. He sold all the company’s assets and kept only the Christian Dior brand and Le Bon Marche department store.
Brand Value of Dior Worldwide from 2016 to 2022
In 2022, the Dior brand was valued approximately at $8.9 billion whereas, the brand’s valuation was roughly $4.6 billion in 2017.
Bernard Arnault – Chairman & CEO of LVMH
Company Name
Moët Hennessy Louis Vuitton (LVMH Group)
Founders
Bernard Arnault, Alain Chevalier, and Henry Racamier
Founded in
June 3, 1987
Headquarters
Paris, France
Industry
Luxury goods
Valuation
$371.47 Bn (2022)
LVMH Homepage
Bernard spent $1.5 billion to establish a holding company with Guinness that had 24% of LVMH’s share. He again provided $600 million to acquire 13.5% more of LVMH and became the largest shareholder of LVMH. Gradually, he acquired 43.5% of LVMH’s shares and 35% of its voting rights. A filing with the French market authority showed the Arnault family owns 47.99% of LVMH and has 63.5% of voting rights in the company.
He was unanimously elected chairman of LVMH on 13 January 1989. He has significantly transformed it into one of the largest luxury groups in the world. Under his leadership, the company’s sales and profit grew by a factor of 5 and 15 times the market value of LVMH.
In 2021, the company had over 175,000 employees from 179 nations and generated $68.54 billion in revenues. It controls 75 prestigious brands and has a retail network of over 5,500 stores worldwide.
LVMH’s revenue was $60.33 billion in the first nine months of 2022, 28% more compared to the same period in 2021. As per Forbes, it had $75.9 billion in revenue in 2022. The organic revenue growth was 20%.
Bernard Arnault – Art Collector
Bernard was a young fashion designer and he used to collect art pieces. His collection includes Picasso, Yves Klien, Henry Moore, and Andy Warhol. His art-collecting habit made LVMH a major patron of art in France. He created an international competition, open to students from fine arts schools. Every year, the winner is bestowed with a grant to support the creation of the designer’s label with a year of mentorship.
He owned an auction house, Philips de Pury & Company from 1998 to 2003. Along with that, he bought the first French auctioneer, Tajan. In 2006, he introduced a project dedicated to the creation and contemporary art. The project was named Louis Vuitton Foundation and its building was inaugurated on 20 October 2014.
On 10 February 2007, he received Commandeur de la Legion d’Honneur
On 14 July 2011, he was conferred with the Grand Officer de la Legion d’Honneur
In 2011, he received the Woodrow Wilson Award for Global Corporate Citizenship
In 2012, he was awarded the Honorary Knight Commander of the Most Excellent Order of the British Empire
In March 2014, he received the Museum of Modern Art‘s David Rockefeller Award
FAQs
Who is Bernard Arnault?
Bernard Arnault is a French billionaire businessman and an art collector. He is the Chairman and Chief Executive Officer (CEO) of the world’s largest luxury-goods company, LVMH Moet Hennessy- Louis Vuitton SE.
What does LVMH stand for?
LVMH stands for Moët Hennessy Louis Vuitton.
Who is the richest French person?
Bernard Arnault is the richest French person and also the richest person in the world with a net worth of $180.6 Bn.
Does Bernard Arnault own Louis Vuitton?
Bernard Arnault has about half of LVMH’s shares and the majority of its voting rights. He has been Chairman and CEO of the company since 1989.
Today when we talk about the world’s most influential and richest entrepreneurs, Elon Musk comes to our minds for sure. He has always been in the news, let it be his new venture, his way of working, or his net worth.
Elon Musk’s tweets catch the attention of the masses; be it Elon Musk naming his baby X Æ A-12, which created a lot of buzz around the globe, or the “How Strange. Well, back to work…” one after Bloomberg announced him the richest person in the world, but only a few know about his life story.
Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. Elon Musk is an innovative business person, financial specialist, and engineer who is one of the most popular entrepreneurs in the world. He holds South African, Canadian, and U.S. citizenship. Elon Musk is the founder, CEO, and lead planner of SpaceX as well as a fellow benefactor, CEO, and item engineer ofTesla, Inc.
Elon Musk became the Richest Man in the World on January 7, 2021, after Tesla’s share price surged by 7.9%. It helped him to surpass Jeff Bezos. Musk was featured on the top of the Bloomberg Billionaire Index, a list of the top 500 richest people in the world, on 7th January 2021. Musk had added more than $122 billion to his fortune in the year 2021, which pushed his net worth to $292 billion, according to the reports dated October 2021. This made Elon Musk the first person to be the owner of such a huge fortune. Elon Musk’s net worth was then estimated to be $195 billion, which is currently estimated to be over $220 billion. He debuted on the list of the world’s richest persons back in 2012, when his net worth was estimated at $2 billion.
The tech tycoon went ahead with a bid to buy out Twitter by acquiring 100% of the Twitter stakes on April 26, 2022, in a deal worth $44 billion. However, the deal is still pending and the popular social media platform is yet to turn into a privately held entity.
To know more about the entrepreneur Elon Musk, Elon Musk biography, the answers to “what has Elon Musk studied?”, “what companies has Elon Musk founded?”, “what is Elon Musk famous for?” and more, stay glued!
Founder, CEO, and Chief Engineer at SpaceX; CEO and Product Architect of Tesla, Inc.; Founder of The Boring Company; and Co-founder of Neuralink and OpenAI
Elon Musk was born in Pretoria, South Africa, to a White South African electromechanics Engineer, pilot, sailor, consultant and product developer, who was his father and a Canadian Dietitian and model mother. Errol and Maye Musk divorced in 1980. Though Musk initially started to live with his father in Pretoria and elsewhere immediately after the separation of his parents, Elon later regretted his choice and started to be estranged from his father. Elon Musk has been described as an awkward and introverted child throughout his childhood and he has also been a victim of regular bullies in his school days. In one such incident, Musk was pushed by a group of boys down a flight of stairs and he was hospitalised later.
Elon Musk – Career
Elon Musk joined Anglican Sunday school in his youth. He later entered Queen’s University, in Kingston, Ontario in 1990. He was soon transferred to the University of Pennsylvania after 2 years, from where he graduated in 1995 with a Bachelor’s degree in Physics and Economics.
While still enrolled in his course, Musk then held 2 internships in the summer of 1994 in Silicon Valley, at the Pinnacle Research Institute and Rocket Science Games. He then was accepted as a PhD scholar in Materials Science at Stanford University in California in 1995. However, Musk later dropped out of the course and decided to join the internet boom and launch an internet-based startup.
Elon Musk – Personal Life
Elon Musk is the eldest of the three siblings, Kimbal and Toska, who are the younger brother and sisters of Musk. Elon’s adenoids were removed when he was a child because his parents were apprehensive that he was deaf, however, they discovered later on that it wasn’t true. His parents divorced in 1980. After their divorce, though Musk initially gravitated towards his father, he chose his mother later.
Musk’s marital life started with Justine Wilson, a Canadian author, whom he married in 2000 when he was at Queen’s University. They first had a son, who died of SIDS at 10 weeks. After that, the couple gave birth to a twin and a triplet. Talulah Riley was the second wife of Musk. However, they eventually got divorced and then remarried, and again got divorced for the second time. After ending this marriage, Musk dated Canadian musician Grimes, who later gave birth to a son in May 2020. Their son was named X AE A-XII.
How Elon Musk started his Journey?
Musk developed an interest in computing and video games from a very early age. He acquired Commodore VIC-20 when he was only 10. He started learning computer programming using a manual and successfully sold the code of a BASIC-based video game called Blastar to PC and Office Technology magazine for $500, which he created, at the tender age of 12.
At 17, Elon Musk chose to move to the United States for finishing his auxiliary tutoring. Rather, Musk left for Canada and got selected at Queen’s University in Ontario at 19 years old. His calling came when he got a grant from the University of Pennsylvania. Then, he moved to the United States and acquired a Bachelor of Science degree in Physics. He proceeded with his training further, acquiring himself a Bachelors of Science qualification from the Wharton School at the University of Pennsylvania.
He started with a PhD programme at Stanford University in 1995 yet dropped out just after 2 days to seek an enterprising vocation. As published in the Hitchhiker’s Guide to the Galaxy by Douglas Adams, Elon Musk accepted that the internet, sustainable power sources, and space travel would be the ones having the greatest effect on the lives of individuals in the future.
As chosen, the three noteworthy subjects of worry for giving his life’s central goal, Elon Musk, alongside his brother Kimbal Musk, began an organization named ‘Zip2’. Elon Musk dropped out of the Applied Physics and Material Science program at Stanford University after two days in the wake of beginning this new pursuit known as Zip2.
Elon Musk story
Elon Musk’s Business Ventures
Elon Musk has evolved different and distinct categories in his comprehensive business field. From automobile miracles to secured money handful-application, from artificial intelligence (AI) research organizations to uplifted propagation throughout the space, Musk has achieved huge feats everywhere with his proficient signature and discretion. Those catalysts of his supremacy are listed below-
Zip2
Zip2 logo
In 1995, Musk with his brother Kimbal Musk began a web programming organization – Zip2, with cash raised from a little gathering of holy messenger investors. The organization created and advertised an Internet city control for the newspaper distributing industry with maps, directions, and yellow pages. Zip2 enabled all real print distributions to offer extra business administrations to their clients.
Musk got contracts with The New York Times and the Chicago Tribune. Musk convinced the governing body to devise plans for a merger with CitySearch. While at Zip2, Musk wanted to move toward becoming CEO but the board members opposed it.
In February 1999, Compaq, a noteworthy web crawler at that point, procured this IT organization – Zip2 for $307 million in cash and $34 million in stock options. The deal made it one of the greatest money acquisitions in those days. Musk got $22 million for his 7% share from the sale.
X.com and PayPal
Logo of x.com and PayPal
In March 1999, Musk established X.com, an online budgetary administration and email payment company with $10 million from the closeout of Zip2. One year later, the organization merged with Confinity, which had a payment service application called PayPal.
After merging, they concentrated on the PayPal administration and were renamed PayPalin 2001. PayPal’s initial development was driven essentially by a viral showcasing effort where new clients were selected when they got cash through the service. Musk was removed in October 2000 from his job as CEO because of conflicts with other organization authorities.
Musk wished to move PayPal’s Unix-based foundation to Microsoft Windows, which was opposed by all. In October 2002, eBay acquired PayPal for $1.5 billion in stock, of which Musk got $165 million. Before its deal, Musk, who was the organization’s biggest investor, claimed 11.7% of PayPal’s shares.
In July 2017, Musk bought the domain X.com back from PayPal for an undisclosed sum, expressing that it has sentimental value to him.
SpaceX
In 2001, Musk considered Mars Oasis, an undertaking to send a small test nursery on Mars, in the hopes of revolutionizing the aerospace industry and making affordable spaceflight a reality. In February 2002, Elon Musk came to Russia to search for three ICBMs (missiles), bringing along Mike Griffin. Griffin had worked for the CIA’s investment arm, In-Q-Tel, just as NASA’s Jet Propulsion Laboratory, and was simply leaving Orbital Sciences, a producer of satellites and rockets.
Kosmotras, a Russian Space Company, offered one rocket for $8 million. But Musk found it excessively costly and refused to purchase it. While on the trip back from Moscow, Musk understood that he could begin an organization that could manufacture the moderate rockets he needed. Musk calculated that the raw materials needed to structure a rocket really were just 3% of the commercial cost of a rocket at the time.
In 2002, Musk ultimately established SpaceX with the long-term objective of making a genuine spacefaring civilization. With US$100 million of his initial fortune, Musk established Space Exploration Technologies or SpaceX, in May 2002. Musk is CEO and boss of innovation official (CTO) of the California-based SpaceX organization.
Logo of SpaceX
SpaceX creates and makes space dispatch vehicles with an emphasis on propelling the condition of rocket innovation. The organization’s initial two dispatch vehicles were the Falcon 1 and Falcon 9 rockets (a gesture to Star Wars Millennium Falcon) and its first shuttle is the Dragon (a gesture to Puff the Magic Dragon).
In seven years, SpaceX planned the group of Falcon dispatch vehicles and the Dragon multipurpose spacecraft. In September 2008, SpaceX’s Falcon 1 rocket turned into the main privately financed fluid-powered vehicle to place a satellite into Earth orbit. On May 25, 2012, the SpaceX Dragon vehicle berthed with the International Space Station (ISS), impacting the world forever as the primary business organization to dispatch and compartment a vehicle to the ISS.
In 2006, SpaceX was granted an agreement from NASA to proceed with the improvement and trial of the SpaceX Falcon 9 dispatch vehicle and Dragon spacecraft so as to ship freight to the International Space Station. It was followed by a $1.6 billion NASA Commercial Resupply Services program contract on December 23, 2008, for 12 flights of its Falcon 9 rocket and Dragon shuttle to the Space Station.
On December 22, 2015, SpaceX effectively handled the principal phase of its Falcon rocket back at the platform. This was the first run in history such an accomplishment had been accomplished by an orbital rocket. It became the first step towards rocket reusability, bringing down the expenses of access to space.
In the entire year of 2017, SpaceX launched its eighteen Falcon 9 flights, successfully, which are more than the previous year’s 8 flights. On February 6, 2018, SpaceX effectively launched the Falcon Heavy, the fourth-highest capacity rocket ever built and the most powerful rocket in activity in 2018. The debut mission carried a Musk’s Tesla Roadster as a dummy payload.
Today, SpaceX is both the biggest private maker of rocket motors on the planet and holder of the record for the most noteworthy push-to-weight proportion for a rocket motor (the Merlin 1D). SpaceX has created in excess of 100 operational Merlin 1D motors. Every Merlin 1D motor can vertically lift the heaviness of 40 normal family vehicles.
Tesla Motors
Logo of Tesla, Inc.
Tesla, Inc. (initially Tesla Motors) was established in July 2003 by Martin Eberhard and Marc Tarpenning. They financed the organization until the Series A funding. The two men were actively involved in the company’s development. In February 2004, Musk joined Tesla’s board of directors as its chairman and led the Series A round of investment.
Musk played a functioning job inside the organization and supervised the Roadster item structure at a definite level, yet was not profoundly engaged with everyday business operations. Following the money-related emergency in 2008 and after a progression of raising clashes in 2007, Eberhard was expelled from the firm. Musk expected initiative of the organization as CEO and item engineer, positions which he holds even today.
In 2008, Tesla Motors initially built an electric sports car, the Tesla Roadster, with sales of 2,500 vehicles to 31 nations. On June 22, 2012, Tesla started the conveyance of its four-door Model S car. On February 9, 2012, it uncovered its third item, the Model X for the SUV/minivan market but Model X dispatch was postponed until September 2015.
Tesla’s income in 2018 was $21.46 billion. In 2013, Tesla’s Model S was the first electric vehicle to get the Car of the Year Award by Motor Trend. Over the most recent four months of 2018, Tesla’s US piece of the overall industry was about 2%. It costs $13.66 to completely charge a Tesla Model X at home.
The general Tesla total assets were evaluated to be $2.2 billion in 2018, dependent on its income and benefits. Nearly 75% of every single electric vehicle sold in the US in 2019’s first quarter were Teslas. Tesla saw an income of $21.461 billion in 2018. The total assets of Elon Musk, Tesla’s CEO, were $18.1 billion as of May 2019.
Tesla recently saw a surge of 4.8% in the share price helping Elon Musk surpass Jeff Bezos to become the richest man in the world.
Neuralink Corporation is another company of which Elon Musk is the co-founder. Founded in July 2016, Neuralink is a neurotechnology company that is engaged in developing implantable brain-machine interfaces (BMIs). Headquartered in Pioneer Building, San Francisco, California, Neuralink shares its office with OpenAI.
In an hour-long interview on Joe Rogan’s podcast, SpaceX and Tesla CEO Elon Musk said that his neuro-tech company Neuralink is going to launch the first product that can make any brain function as a superhuman AI. San Francisco-headquartered Neuralink is developing implantable brain-machine interfaces (BMIs) or Cyborg that could improve memory or allow for more direct interfacing with computing devices.
Neuralink Corporation is an American neurotechnology company founded by Elon Musk in 2016. Elon Musk claims that the moto of Neuralink is a human enhancement and the technology, which will be able to merge the computers with the human brain. Thus, it will obtain a symbiotic relationship between the human brain and Artificial Intelligence.
“ If your biological self-dies, you can upload into a new unit. Literally. It will enable anyone who wants to have superhuman reasoning and intelligence.” – Elon Musk
Developing such implantable brain-computer interfaces(BCIs) or cyborg will be quite a challenge and to be on top of the game, Elon Musk needs to stay ahead of Neuralink’s competitors with a heavy focus on applied engineering. BCIs must incorporate features that are a thousand times better than the existing interfaces with no surgery, no aesthetics, and definitely no drilling holes in the skull.
Elon Musk further points out that there has been a significant advancement in the field stating, “I think Neuralink will have something interesting to announce in a few months that’s at least an order of magnitude better than anything else, probably better than anyone thinks is possible.”
You can see the podcast here:
Elon Musk’s Interview with Joe Rogan
In early 2017, he made a jaw-dropping revelation stating that robots will disrupt our job scenario and that there’s nothing much that can be done and the competition between the countries with the most sophisticated AI will be the reason for World War 3. Probably to him, the merging seems like a better option which might give a human a better chance of surviving. “The merge scenario with AI is the one that seems like probably the best. If you can’t beat it, join it,” Musk said.
OpenAI
OpenAI is an artificial intelligence research laboratory that consists of OpenAI LP, which is a for-profit organization, and OpenAI Inc, its parent company. OpenAI is another Elon Musk-founded company, which he founded in December 2015, along with Sam Altman, Ilya Sutskever, Greg Brockman, Wojciech Zaremba, and John Schulman. OpenAI was founded with an aim of promoting and developing a friendly AI that will benefit humanity as a whole. The collective pledging of $1 billion by Sam Altman, Elon Musk, and others resulted in the birth of the company. It is important to note that Musk has already resigned from the Board of the company in February 2018, but he still remains a donor.
The Boring Company
Logo of The Boring Company
In December 2016, Elon Musk founded the infrastructure and tunnel construction services company, The Boring Company is also known as TBC. Musk has experienced difficulty with Los Angeles traffic and limitations with the current two-dimensional transportation network. This led to the inspiration for the project.
The Boring Company currently has active construction and is planning future projects in the Los Angeles and Baltimore–Washington areas. They have also been selected to build a downtown-to-airport loop by a government program for high-speed transport in Chicago. There have been three boring tunnel projects proposed in the Los Angeles area out of which one test tunnel was completed in November 2018.
Though The Boring Company was initially formed in December 2016 as a subsidiary of SpaceX, it become a separate and fully independent company in 2018. In this, 90% of the equity was owned by Musk and 6% held by SpaceX in return for the use of SpaceX resources during the initial startup of the company. Outside investments during 2019 have changed the equity split.
Twitter
Twitter Logo – A firm owned by Elon Musk
Elon Musk is one of the most famous tweeps who almost keeps his audience hooked with his Twitter profile. Musk has always been an avid Twitter user and was on the brink of becoming a 100% owner of Twitter, the bid for which he placed on April 26, 2022, where he was looking forward to acquiring 100% stakes in Twitter in an all-cash deal worth around $44 billion. However, he finally turned down the deal, citing multiple breaches of the deal.
Musk first expressed his interest in buying the platform in 2017. In the wake of 2022, Musk started materialising this dream of his by buying significant stakes in Twitter first on January 31, 2022, which reached 5% on March 14, 2022. He became the largest stakeholder in Twitter on April 1, 2022, owning over 9% of its stakes. Musk then agreed to a deal on April 4, 2022, which prohibited his possession of more than 14.9% of the shares of his company and would assert his joining the board of directors of Twitter. However, Musk decided to not join the board before April 9, 2022, when the appointment became effective. Elon Musk then placed a bid to buy 100% of Twitter’s shares on April 13th at $54.20 per share. This bid was granted by the Twitter board and would have made Elon Musk the owner of 100% of Twitter’s shares in a deal worth $44 bn if Musk didn’t walk away from the deal. There was also a breakup fee of $1 bn if the deal falls apart. Elon Musk threatened to blow up the deal over the bot issue on June 10, 2022, and ultimately terminated the deal in the first week of July 2022. In reply to this, Twitter sued Musk on July 12, 2022.
In the case filed at the Court of Chancery, Delaware, the acquisition deal was to be forced to go through, as per the decision by Chief Judge McCormick, thereby being ruled against Elon Musk.
Elon Musk – Investments
Elon Musk has 7 investments to date, all of which are personal investments. Here’s a list of the Elon Musk investments:
Elon Musk is recognised for his fight against global warming and Tesla is one of the examples of it. Some of the awards and recognition that he has received are:
For his advocacy, he has received Global Green Award and National Wildlife Federation’s Connie Award.
He has received the Entrepreneur of the award of Inc Magazine and is also known as the Living Legend of Aviation by Kitty Hawk Foundation.
Musk has also been ranked 1 on Forbes’ Billionaires list. Musk is a receiver of the Axel Springer Award.
In 2010, Musk received FAI Gold Space Medal from the Federation Aronautique Internationale.
Elon Musk – Controversies
The richest person on the planet has some fair share of controversies as well. Elon Musk is said to be quite blunt with the tweets that often surround him with controversies. Some of them are:
Right after he was all set for the Twitter acquisition, Musk said that he will buy Coca-Cola and put cocaine back in the beverage.
Musk named the cars from the Model 3 series of Tesla first as Model S, Model E and Model X. However, when Ford allegedly warned Tesla about a lawsuit for using Model E, Tesla changed its name to Model 3, which still made the models together sound like S.3.X
Elon Musk smoked weed on the Joe Rogan podcast and was surrounded by memes and controversies
Musk joked about sending space dragons with lasers to help Ukraine fight the Russians after an article stated that Musk would send flame-throwing electric tanks to Ukraine
During Canada’s trucker protest, Elon Musk compared Hitler with Canadian President Justin Trudeau.
Musk got Sued by Twitter
Elon Musk was legally sued by Twitter for “hypocrisy”, reported The Verge at Delaware’s Court of Chancery on July 12, 2022, after he decided to terminate the Twitter acquisition deal. This opened another chapter of Musk’s life where he will resist his claim in court against the social media giant Twitter.
Elon Musk – Unknown Facts
The richest man is not only unique but interesting as well. Some of the unknown facts about Elon Musk are:
When Musk was 12 years old, he created a video game called Blaster and sold it to a magazine.
Musk named his son Xavier after the character of Professor Xavier from the movie X-Men.
Musk also had a cameo in The Simpsons, along with those in South Park, The Big Bang Theory, Rick and Morty, and more.
Musk’s first venture was Zip2 which was created in 1995.
Musk doesn’t like Facebook and is concerned about its privacy issues.
Elon Musk gets a $1 salary from Tesla.
Musk is called Thrillionaire. It means an entrepreneur who is turning reality into science fiction.
Elon Musk – Quotes
Some of the most popular quotes from Elon Musk are:
When something is important enough, you do it even if the odds are not in your favour.
Some people don’t like change, but you need to embrace change if the alternative is a disaster.
If something’s important enough, you should try. Even if – the probable outcome is a failure.
People work better when they know what the goal is and why. It is important that people look forward to coming to work in the morning and enjoy working.
If you’re trying to create a company, it’s like baking a cake. You have to have all the ingredients in the right proportion.
Elon Musk – Future Plans
Elon Musk has never made his desire to make people “multi-planetary animal types”. Colonizing Mars would be a decent start as per Musk. In September 2017, at the 68th International Astronautical Congress in Adelaide he unveiled his arrangement to send payload delivers there in the following 5 years. By expansion, he trusts that people will settle the planet when 2024.
Elon’s Hyperloop has been contrasted by him with a “cross between a Concorde, a railgun, and an air hockey table”. The plan is to eventually give a method for a movement that should have the option to surpass 1124 km/h and all underground.
At present two courses are being developed – between Los Angeles and San Francisco and between New York and Washington D.C. When complete these excursions should take close to 30 minutes utilizing Hyperloop.
At the point when 12 youngsters and their football (soccer) mentor were caught in an overwhelmed collapse in Thailand, Elon and his group developed an apparently insane thought. The arrangement, clearly, was to construct a tyke-estimated submarine. The sub was structured and worked in record time utilizing extra rocket parts. Regardless of this, the salvage groups esteemed it unrealistic and finished the mission without it. “Pedo fellow” aftermath aside Thai military authorities accept the submarine could have utility in the future.
Elon Musk was born in Pretoria, South Africa, and was raised in Pretoria and the regions nearby the capital of South Africa.
What did Elon Musk study?
Elon Musk has a Bachelor’s degree in both Physics and Economics.
What’s Elon Musk’s IQ?
Elon Musk’s IQ is estimated to be ranging between 150-155.
What is Elon Reeve Musk famous for?
Elon Musk has founded the electronic payment firm PayPal and spacecraft company SpaceX. He is the CEO of the electric-car maker company Tesla. Musk is also the owner of the social media platform Twitter and the world’s richest person, as of April 2022.
Did Elon Musk acquire Twitter?
Elon Musk was about to acquire 100% stakes in Twitter and become the owner of Twitter. He asserted to buy out all of the stocks of Twitter in a deal worth $44 billion on April 26, 2022, but then he refused, leaving the deal pending.
What companies has Elon Musk founded?
Elon Musk founded many companies to date including SpaceX, The Boring Company, X.com, Neuralink, OpenAI, and Zip2.
Did Elon Musk create Paypal?
No, Elon Musk is not the founder of Paypal, nor did he create it. However, Elon Musk indeed found the company known as X.com. This company later merged with Confinity Inc., which was the creator of the product Paypal.
Is Elon Musk an entrepreneur?
Elon Musk is indeed an entrepreneur. The world’s richest person nourished his entrepreneurial dream right after he graduated from college.
What companies has Elon Musk founded?
SpaceX, SolarCity, and Tesla are some of the prominent companies that Elon Musk founded.
Is Elon Musk a real person? What is Elon Musk’s academic background?
Yes, Elon Musk is a real person. Going by the academic background of Elon Musk, the Tesla CEO has a Bachelor’s degree in Physics and Economics from the University of Pennsylvania.
How did Elon Musk start his career?
Elon Musk started his career by dropping out of Stanford University in just 2 days to start his company Zip2.
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.
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)
Elon Musk | Richest People in the world
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.
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.
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.
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)
Larry Page | Richest People in the world
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)
Warren Buffett | Richest People in the world
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)
Sergey Brin | Richest People in the world
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)
Larry Ellison | Richest People in the world
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)
Mukesh Ambani | Richest People in the world
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.
Even during the pandemic, the net worth of many billionaires have been growing consistently. According to Forbes, the number of billionaires in the Forbes 35th list of the world wealthiest people, the number of billionaires have increased to 2,755, which was 660 more than a year ago.
Everyone knows that the richest person on the planet is Elon Musk with a net worth of $203.4 billion, followed by Jeff Bezos with $192.2 billion and Bernard Arnault & family with $185.8 billion, as of October 16, 2021. But do you know the top twenty richest people in Asia? According to Bloomberg Billionaire Index and the Forbes Billionaires List, the top 15 richest people in Asia, collectively account to over $500 billion.
The people in this list are self-made, big tech tycoons and real estate giants. The person who takes the top spot in the list of Asia is none other than India’s richest person, Mukesh Ambani who is the Chairman of the conglomerate, Reliance Industries Ltd. The other high profile billionaires from the continent are Jack Ma, Gautam Adani, Zhong Shanshan, Ma Huateng, Li Ka-Shing, etc. To find out who else made the top 20 according to Forbes.
Here is the list of the Top 20 Richest People in Asia.
1. Mukesh Ambani
Chairman/MD
Reliance Industries Ltd
Net Worth
US$100.6 billion (as of October 2021)
Industry
Energy, Telecom, Retail, Petrochemicals, Textiles and Natural Resources
Country
India
Age
64 (2021)
Mukesh Ambani
Mukesh Dhirubhai Ambani is an Indian Billionaire Businessman, the Chairman, Managing Director and the largest shareholder of the Reliance Industries Ltd., which is an energy and telecom multinational conglomerate.
Reliance Industries owns business across India and has its foothold in the industries such as energy, petrochemicals, textiles, natural resources, retail and even telecommunications. The company is also in the list of the Fortune Global 500 Company and is the country most valuable company as per its market value.
Ambani is credited for creating Jio, an affordable 4G phone service in India. The billionaire also owns an Indian Premier League team known as the Mumbai Indians and also has a property worth more than $400 million. As of 16th October 2021, Mukesh Ambani is the richest person not only in India but also Asia with a net worth of US $100.6 billion and is also the 11th richest person in the world. The head honcho of Reliance India Limited has joined the coveted club of billionaires with a fortune of at least $100 billion on 8th October 2021, Friday, following the rapid rise of the stocks of the conglomerate.
2. Zhong Shanchan
Founder/ CEO
Nongfu Spring
Majority stake holder
Beijing Wantai Biological Pharmacy Enterprise
Net Worth
US$71.6 billion (as of 28th May 2021)
Industry
Beverage and Pharmacy
Country
China
Age
67
Zhong Shanshan
Zhong Shanshan is a Chinese billionaire businessman, the founder and chairman of Nongfu Spring which is a popular beverage company in China and a majority stake holder of Beijing Wantai Biological Pharmacy Enterprise.
Nongfu Spring is a bottled water and beverage company that went public in September 2020, the company recently tripled its value to $85 billion. As of 16th October 2021, the net worth of Shangshan is $71.6 billion, making him the richest person in China, the 2nd richest person in Asia after Gautam Adani.
He became the second richest person in Asia due to the recent stock listing of Nongfu and also because Wantai Biological managed to tap into the high demand of Covid 19 kits. Zhong Shanshan is also known to have accumulated his wealth the fastest in history, according to Bloomberg.
Resources, Logistics, Energy, Energy, Defence, Aerospace, Real Estate, Financial, etc.
Country
India
Age
59 (2021)
Gautam Adani
Gautam Shantilal Adani is an Indian Billionaire Industrialist, the Founder and Chairman of the Adani Group. Adani Group is an Indian multinational conglomerate that has diverse businesses across the industries of resources, logistics, energy, energy, defense, aerospace, real estate, financial, etc.
Adani Group has an annual revenue of more than US $13 billion with operations in more than 50 countries. Adani is especially known for being a port developer and operator and is known for having the largest port in the country known as the Mundra port.
As of 2018, Gautam Adani has over 66% stake in Adani Ports & SEZ, 75% stake in Adani Enterprises, 73% stake in Adani Power, and a 75% stake in Adani Transmission. As of 16th October 2021, Gautam Adani has a net worth of US $75.20 Billion, making him the second richest person in Asia. He had recently overtaken Chinese bottled water producer, Zhong Shanshan in September 2021.
4. Robin Zeng
Founder/ Chairman
Contemporary Amperex Technology
Net Worth
US $50.70 billion (as of October 2021)
Industry
Automotive Li-ion Batteries, Energy Storage Systems, Battery Recycling
Country
China
Age
53 (2021)
Robin Zeng
Robin Zeng also known as Zeng Yuqun is a Chinese billionaire entrepreneur, the Founder and Chairman of Contemporary Amperex Technology (CATL).
The CATL is well known Chinese’s battery manufacturer and Technology Company that specializes in making lithium-ion battery for electric vehicles, battery management systems. Zeng is among the richest people in China and in Asia. With a net worth of $50.70 billion, he recently overtook Jack Ma, as per the reports dated October 16, 2021.
5. Ma Huateng
Chairman/MD
Tencent Holdings
Net Worth
US$49.10 billion (as of October 2021)
Industry
Technology
Country
China
Age
49 (2021)
Ma Huateng
Ma Huateng, also known as Pony Ma is a Chinese Billionaire Businessman, the Founder, Chairman and CEO of Tencent. Tencent is the continent’s most valuable company and one of the largest internet and Technology Company.
Besides , Tencent is also one of the biggest investment, gaming and entertainment conglomerate in the world known for developing China’s instant messaging app called WeChat. According to Time magazine Ma Huateng is one of the most influencial people in 2018, while Fortune also ranked him as among the top businessmen of the year in 2017.
The businessman wealth comes from the 9.7% stake in Tencent holdings. He is known to own properties in Hong Kong and art pieces that are worth over US $150 million. As of 16th October 2021, the net worth of Ma Huateng is US $49.10 billion, making him one of the richest people in China and the 5th richest person in Asia.
Zhang Yiming is a Chinese Billionaire Businessman and the Founder of ByteDance and developer for the news aggregator Toutiao and the world renowned video sharing platform TikTok. ByteDance is a Chinese multinational internet tech company known for developing video sharing and social networking sites like TikTok and Douyin.
ByteDance also developed an app known as Toutiao, which is a platform that delivers news content in various forms. As of 2018, ByteDance has over 800 million daily users across all its content platforms and has been valued at $250 billion as of 2021. According to Bloomberg billionaires index Zhang’s personal wealth is estimated to be around $44 billion.
Zhang Yiming stepped down from the position of CEO of Bytedance to embrace a new role within the company on 20th May 2021.
7. Jack Ma
Founder/ CEO
Alibaba Group
Net Worth
US$42.30 billion (as of October 2021)
Industry
Technology, E-commerce, Retail
Country
China
Age
56 (2021)
Jack Ma
Jack Ma is a Chinese billionaire businessman, the Founder and former Executive Chairman of Alibaba Group. Alibaba is a Multinational Technology Conglomerate that specializes in E-commerce, retail, technology and offers C2C, B2C and B2B sales, electronic payments, shopping search engines and cloud computing services.
Alibaba is the world largest retailers and e-commerce companies and has the 6th highest global brand valuation in 2018.Jack Ma was ranked 2nd in the Forbes list of the World 50 greatest leaders and is also a popular philanthropist as he has supported many underprivileged communities in China, Africa, Australia, and the Middle East.
As of 16th October 2021, the net worth of Jack Ma is US$42.3 billion making him a distinguished billionaire in China and the 7th richest person in Asia.
8. Li Ka Shing
Chairman
Li Ka Shing Foundation
Net Worth
US $31.80 Billion (As of October 2021)
Industry
Real Estate
Country
Hong Kong
Age
92 (2021)
Li Ka Shing is a Hong Kong businessman, an investor and well known philanthropist. He is the senior advisor and former chairman of the board for CK Hutchison Holdings and CK Asset Holdings. Li Ka Shing is 92 years old and is known to be the world leading port investor, developer and operator of the largest health and beauty and retailer in Asia and Europe.
According to Forbes Hong Kong Fortune league chart, Li Ka Shing became the richest person in Hong Kong in February 2021. Li is often regarded as “Superman li” by the Hong Kong media because of his business prowess, he also is the most influential entrepreneurs in the continent.
Li presides over a huge business empire that has its foothold in the industries such as transportation, real estate, financial services, retail, and energy and utilities. The billionaire is also a philanthropist that leads a simple life and has donated billions of dollars to charity and causes making him Asia most generous philanthropists.
As of 16th October 2021, Li Ka Shing net worth is over US $31.80 Billion making him one of the richest person in Hong Kong and among the richest in Asia.
9. He Xiangjian
Founder
Midea Group
Net Worth
US$31.70 billion (as of October 2021)
Industry
Consumer appliances
Country
China
Age
79 (2021)
He Xiangjian
He Xiangjian is the Co-founder of Midea Group, which is known to be one of the world’s largest appliance makers. Midea Group is electrical appliances manufacturer that has more than 200 subsidiaries.
The company is known for its products like lighting, water appliance, floor care, small kitchen appliance, laundry, cooking appliance and refrigeration appliances. According to Bloomberg Billionaire Index, Xiangjian was ranked the 44th place as his net worth was $32.7 billion in April 2021.
Media is also the world largest producers of robots and appliances which is why the company was also listed in the Fortune Global 500 since 2016. He Xiangjian stepped down from the company operation in 2012, but is still one among the richest in China and Asia with a wealth of $32.70 billion.
10. Lee Shau Kee
Founder/Chairman
Henderson Land Development
Net Worth
US $31.10 billion (as of October 2021)
Industry
Real Estate
Country
Hong Kong
Age
93 (2021)
Le Shau Kee
Le Shau Kee is a billionaire businessman from Hong Kong, real estate tycoon, founder and former chairman of Henderson Land Development. Henderson Land Development is a well known property conglomerate with stakes in property, hotels, restaurants and internet services.
The company’s main activities are property development, investment, project management, construction, hotel operation, finance, investment holding and infrastructure. The billionaire controlled over 70.17% of the share capital of the company as of 2015.
Kee stepped down from the position of chairman in 2019 at the age of 91 and passed the mantel to his sons. Le Shau Kee is one of the richest people in Hong Kong and in Asia. His net worth is estimated to be $31.10 billion, as of 16th October 2021.
11. Colin Huang
Founder/ CEO
Pinduoduo
Net Worth
US$31.10 billion (as of October 2021)
Industry
E-commerce, Agriculture
Country
China
Age
41 (2021)
Colin Huang
Colin Huang also known as Huang Zheng is a Chinese billionaire businessman, the Founder and CEO of Pinduoduo. Pinduoduo is a leading E-commerce and the largest agriculture-focused technology platform in China. Pinduoduo’s main objective is to connect farmers and distributors directly with the consumers and provide an interactive shopping experience.
Over 600,000 merchants have sold their produce through the platform with more than 12 million farmers supplying their fruits and vegetable to the merchants. According to Bloomberg, the platform has over 628 million customers and made $4.2 billion in 2019. Huang has also founded two other popular internet based companies known as Xinyoudi (a gaming business) and Ouku.com (an e-commerce platform).
The businessman has grown his wealth steadily in the recent years, climbing the global ranks from number 94 in 2019, to number 57 in 2020, and then 21. As of 16th October 2021, Colin Huang net worth is US$31.10 billion, which makes him the one of the richest people in China and the 11st richest person in Asia.
Tadashi Yanai is a Japanese Billionaire businessman, the Founder and President of Fast Retailing. Fast Retailing is public Japanese retail holding company that owns more than a 1000 stores. The company owns popular Japanese subsidiaries like Uniqlo, J brand, Comptoir des Cotonniers, GU, Princesse Tam Tam and Theory.
He is also the biggest shareholder of Asia’s largest clothing retailer known as Uniqlo. According to Bloomberg Billionaire Index, Tadashi Yanai became the richest person in Japan and the 34th richest person in the world, as his net worth was estimated to be $42.billion as of April 2021.
However, as of 16th October 2021, the billionaire’s net worth is US $32.5 billion, making him the richest person in Japan and among the richest in Asia.
13. Ding Lei
Founder/CEO
NetEase
Net Worth
US $29.8 billion (as of October 2021)
Industry
Technology
Country
China
Age
49 (2021)
Ding Lei is also known as William ding is a Chinese Billionaire businessman, the Founder and CEO of NetEase. NetEase is Internet Tech Company known for its services like content, community, communications and commerce. The company also develops online PC and mobile games, advertising services and e-commerce platforms in China.
NetEase is one of the largest internet and video game companies in the world. Besides gaming, NetEase works with other online media entertainment like movies and music. Ding Lei is known to have made many contributions to the development of computer networks in China, while his company work with Blizzard Entertainment and Microsoft subsidiary Mojang.
According to Bloomberg, the net worth of Ding Lei as of 16th October 2021 is $29.8 billion, making him one of the richest people in China and in Asia.
14. Wang Wei
Founder/Chairman
SF Express
Net Worth
US $28.8 billion (16th October 2021)
Industry
International express delivery and logistics services
Country
China
Age
50 (2021)
Wang Wei is a Chinese billionaire businessman, the Founder and Chairman of SF Express. SF Express is a multinational express delivery services and logistics company. The company is the 2nd largest courier in China as it provides domestic and international express delivery.
It is also known for the SF Airlines which has a fleet of 50 cargo aircrafts. SF Express began in 2009 and has transported more than two million tonnes of cargo till 2018. This is why the SF Express is known as the “Fedex of China.”
As of 16th October 2021, the net worth of Wang Wei is US $28.8 billion, making him one among the richest people in China as well as in Asia.
15. Takemitsu Takizaki
Founder/Chairman
Keyence
Net Worth
$28.5 billion (as of October 2021)
Industry
Technology
Country
Japan
Age
75 (2021)
Takemitsu Takizaki is a Japanese bilionaire businessman, founder and chairman of Keyence. Keyence is a well-known manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes.
The company has many big brands as its clients Toyota, Toshiba, and Volkswagen. Takizaki stepped down as the company chairman but still has a net worth of $28.5 billion, as of 16th October 2021, making him one of the richest people in Japan and Asia.
16. Masayoshi Son
Founder/ CEO
Softbank
Net Worth
US$28.20 billion (as of October 2021)
Industry
Investment
Country
Japan
Age
63 (2021)
Masayoshi Son
Masayoshi Son is a Japanese billionaire entrepreneur, the Founder and CEO of SoftBank and also the chairman of the UK based Arm Holdings. Softbank is a well-known Japanese multinational holding company that operates in the areas of broadband, fixed-line telecommunications, e-commerce, internet, technology services, finance, media and marketing, semiconductor design, etc.
The company was also ranked 36th in the list of Forbes Global 2000. Masayoshi Son’s net worth is estimated to be $28.2 billion as of 16th October 2021, making him the one of the richest people in Japan and the 16th richest person in Asia. Masayoshi was also ranked as the 45th in the list of Most Powerful People, according to Forbes.
Country Garden Holdings and Bright Scholar Education Holdings
Net Worth
US $27.3 billion (as of August 2021)
Industry
Real Estate
Country
China
Age
40 (2021)
Yang Huiyan
Yang Huiyan is a Chinese billionaire businesswoman, Property developer and a majority stakeholder of Country Garden Holdings, 70% of shares of the company were transferred to her by her father Yang Guoqiang in 2007.
The Country Garden is a property development company that constructs buildings and manages hotels in China, owned by Yang’s family. The company was ranked 147thin the Fortunes Global 500 list. Country Garden has more than 200 high-end township developments in countries like China, Malaysia, and Australia.
As of August 2021, Yang Huiyan’s net worth is estimated to be $27.3 billion, making her not only the richest woman in China but also the richest woman in Asia.
Qin Yinglin is a Chinese billionaire, founder and chairman of Muyuan Foodstuff. Muyuan is a popular pig breeding and distribution company that breeds and sells pigs and pork products. Qin is known to have started the company with his wife in 1992, and by 2019 the company made $3 billion.
The agriculture billionaire is known to be the “the country’s largest pig breeder in the world’s biggest pork market”, according to Forbes. Qin is famous as the world’s richest farmer. His net worth is estimated to be $25 billion, as of 16th October 2021. This makes him one of the richest people in China and in Asia.
Pang Kang is a Chinese billionaire businessman and the chairman of a popular food and beverage company known as Foshan Haitian Flavoring and Food Co. The company manufactures a wide variety of sauces and flavoring, it is also the largest manufacturer of Soy Sauce in the world.
Based in China’s Guangdong providence, the food company made $2.9 billion in 2019, within five years of its launch. Foshan also makes over 200 different condiments such as oyster sauce, hoisin, shrimp, vinegar, and chicken stock.
As of 16th October 2021, the net worth of Pang Kang is over $23.80 billion, making him one of the richest people in China and in Asia as well.
20. Li Xiting
Founder/Chairman
Shenzhen Mindray Bio-Medical Electronics
Net Worth
US $21.30 billion (as of October 2021)
Industry
Medical Electronics
Country
Singapore
Age
70 (2021)
Li Xiting is a Singaporean billionaire, Founder and former Chairman of Shenzhen Mindray Bio-Medical Electronics. Over the year the billionaire has been one of the pioneers in the world of healthcare. While his company is known to operate in 30 countries and have over 17 subsidiaries.
Mindray is known for its healthcare devices such as health monitoring systems, ventilators, defibrillators, anesthesia machines and infusion systems. According to Forbes, Li Xiting is the richest person in Singapore in 2020. As of 16th October 2021, the net worth of Li Xiting is $21.30 billion, making him the richest Singaporean and among the richest people in Asia.
Who are the top three richest people of the world?
The top three billionaires of the world are Elon Musk, with a net worth of $203.4 billion, followed by Jeff Bezos with $197.7 billion and Bernard Arnault with $193.2 billion, as of 16th October 2021.
Who are the top ten richest people of Asia?
The top ten richest billionaires of Asia are Mukesh Ambani, Zhong Shanchan, Gautam Adani, Robin Zeng, Ma Huateng, Zhang Yiming, Jack Ma, Li Ka Shing, He Xiangjian, Le Shau Kee.
Who are the other top people of Asia?
The other top billionaires of Asia are He Xiangjian, Ding Lei, Li Ka Shing, Yang Huiyan, Wang Wei, Pang Kang, Li Xiting, Qin Yinglin and Takemitsu Takizaki.
The Tesla and SpaceX chief, entrepreneur Elon Musk has become the world’s richest person, with his net worth crossing $200 bn, following a surging Tesla stock, as of September 27, 2021. Musk becomes the third person in the world to have ever crossed the 200 billion dollar mark.
Amazon founder Jeff Bezos, who was the first to reach the impossible $200 billion worth of valuation in August 2020, had suffered a decline in his fortunes by $1 billion and is no longer the richest man in the world. Bernard Arnault, Chairman and Chief Executive of LVMH was the next person in the world to achieve the same. Musk eclipsed them both to be worth $203.4 billion at the close of the markets on 27th September, Monday. Tesla’s shares were trading high for four months now, which went up by 2.2% at $791.36, the highest that the shares have traded since February 2021.
Elon Musk
Musk’s huge personal fortune comes mostly from owning 22.4% of Tesla and 54% of the space transportation company SpaceX. Musk’s net worth has grown over $200 billion – possibly one of the fastest instances of wealth creation in history. Amazon’s share price has witnessed a 0.6% decline on the same day, which catapulted the position of Elon Musk.
Elon Reeve Musk was born on June 28, 1971, in Pretoria, Transvaal, South Africa. His mother is Maye Musk, a model and dietitian born in Saskatchewan, Canada, but raised in South Africa. His father is Errol Musk, a South African electromechanical engineer, pilot, sailor, consultant, and property developer. He has a younger brother who was an early business partner of his, Kimbal (born 1972), and a younger sister, Tosca (born 1974), the CEO of the video streaming site Passionflix. During his childhood, Musk was an avid reader.
At the age of 10, he developed an interest in computing while using the Commodore VIC-20. He learned computer programming using a manual and, by the age of 12, sold the code of a BASIC-based video game he created called Blastar to PC and Office Technology magazine for approximately $500.
Education
Musk attended the University of Pretoria for five months. Once in Canada, Musk entered Queen’s University in 1989, avoiding mandatory service in the South African military. He left in 1992 to study economics and physics at the University of Pennsylvania; he graduated in 1997 with a Bachelor of Science (BS) degree in economics from the Wharton School and a Bachelor of Arts (BA) degree in physics from the College of Arts and Sciences.
In 1994, Musk held two internships in Silicon Valley during the summer: at an energy storage start-up called Pinnacle Research Institute and at the Palo Alto-based start-up Rocket Science Games. In 1995, Musk was accepted to a Ph.D. program in energy physics/materials science at Stanford University in California. He ended up dropping out of Stanford after two days, deciding instead to join the Internet boom and launch an internet startup instead.
Elon Musk has been reading a lot of books from his childhood. He grew up reading a couple of books in a day. He still reads a lot. Elon provide quite a lot of wisdom in his interviews or through his quotes. This is where he supposedly learned so much about entrepreneurship, science and life in general.
How Elon Musk Became the Richest during the Pandemic?
The title of world’s richest person an extraordinary run for Musk and Tesla, even during a pandemic. At 10:54 ET, Tesla Inc’s shares were up 5.65% or 42.75 points at $798.73. A 7.9% rally in the electric carmaker’s share price on Thursday boosted Musk past Amazon.com Inc founder Jeff Bezos. Musk has said he has little interest in material things and has few assets outside his stakes in Tesla and SpaceX. Musk also passed Bill Gates earlier in November 2020 to become the second-richest person in the world. Increased rally in Tesla’s share price, which surged 743% last year with consistent profits, inclusion in the S&P 500 Index, and enthusiasm from Wall Street and retail investors alike.
World Richest Person
Tesla produced just over half-a-million cars last year, a fraction of the output of Ford Motor Co. and General Motors Co. Musk will have to show within the next five years that Tesla can make more profits than just about the whole of the rest of the motor industry combined to justify the valuation.
“I want to be able to contribute as much as possible to the city on Mars,” Musk said. “That means just a lot of capital.”
The Tesla CEO saw his wealth grow in 2020 by more than $150 billion, in large part because Musk owns a lot of Tesla stock — about 20% of the company. Musk pulled the company out of the so-called “production hell” and dramatically increased sales of its electric vehicles.
The billionaire CEO’s stock stash continues to grow, especially after he signed a major 10-year compensation package with the company in 2018 that further tied his earnings to Tesla’s stock price and revenue goals.
Musk was criticized for repeated attempts to keep Tesla’s plant open and then for bringing workers back onto the line as covid-19 raged, and cases were even reported inside Tesla’s facilities. Tesla’s stock appeared to have bottomed as well as concerns about Musk’s leadership. By 2019 Tesla faced concerns over demand, mounting losses, and a shortage of cash — and its stock dropped to a near-term low around June 2019. Analysts warned the stock could be valued too highly as Tesla took the title of the world’s most valuable automotive company.
Musk‘s success hasn’t been limited to earth. In May he oversaw the successful launch of a pair of NASA astronauts into space with his other company, the aerospace outfit SpaceX. It was a landmark achievement for the company that aimed to show rockets could be deployed and reused, demonstrating the viability of a new era of space travel with the ultimate goal of flying humans to Mars.
Musk made his fortune early on with PayPal, which he co-founded and whose sale to eBay led him to pocket $165 million. He invested in Tesla in 2004, a year after its founding, and maintains around a 20% stake in the company.
Musk founded SpaceX two decades ago, setting his sights on Mars and aiming to disrupt an industry deeply entrenched in the government with a private venture focused on human spaceflight. Musk’s wealth stood at $37 billion in 2020. That means Musk added at least $148 billion more to his fortune over a year. The growth in Musk’s portfolio over a year is more than the entire net worth of the world’s third-richest person, Bill Gates, according to Bloomberg’s figures: $132 billion.
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Companies Founded by Elon Musk
Zip2
In 1995, Musk and his brother Kimbal along with Greg Kouri started Zip2, a web software company, with money raised from a small group of angel investors. Zip2 allowed for two-way communication between users and advertisers. Users could message advertisers and have that message forwarded to their fax machine. One Zip2 product was called “Auto Guide“. AutoGuide connected online newspaper users with the local dealership or private party car sellers.
X.com and PayPal
In March 1999, Musk co-founded X.com, online financial services, and e-mail payment company, with US$10 million from the sale of Zip2. One year later, the company merged with Confinity, which had a money-transfer service called PayPal. The merged company focused on the PayPal service and was renamed PayPal in 2001.
Space Exploration Technologies Corp. (SpaceX) is an American aerospace manufacturer and space transportation services company. It was founded in 2002 by Elon Musk to reduce space transportation costs to enable the colonization of Mars. SpaceX has developed several launch vehicles, as well as the Dragon cargo spacecraft and the Starlink satellite constellation (providing internet access), and has flown humans to the International Space Station on the SpaceX Dragon 2.
Tesla
Tesla, Inc. (formerly Tesla Motors, Inc.) is an American electric vehicle and clean energy company. According to Musk, the purpose of Tesla is to help expedite the move to sustainable transport and energy, obtained through electric vehicles and solar power. Tesla ranked as the world’s best-selling plug-in and battery electric passenger car manufacturer in 2019, with a market share of 17% of the plug-in segment and 23% of the battery-electric segment. Tesla’s global vehicle sales were 499,550 units in 2020, a 35.8% increase over the previous year. In 2020, the company surpassed the 1 million mark of electric cars produced.
SolarCity
SolarCity Corporation is a subsidiary of Tesla, Inc. that develops and sells solar panels and solar roof tiles. By 2013, SolarCity was the second largest provider of solar power systems in the United States. In 2012, Musk announced that SolarCity and Tesla would collaborate to use electric vehicle batteries to smooth the impact of rooftop solar on the power grid.
Hyperloop
On August 12, 2013, Musk unveiled a concept for a high-speed transportation system incorporating reduced-pressure tubes in which pressurized capsules ride on an air cushion driven by linear induction motors and air compressors. Hyperloop One, a company unaffiliated with Musk, announced in July 2017 that it had its first successful test run on its DevLoop track in Nevada, which had lasted 5.3 seconds and reached a top speed of 70 mph.
The Boring Company
In December 2016, Musk founded The Boring Company after growing frustrated with traffic in Los Angeles and the limitations of 2-D transportation networks. The startup aims to create subterranean tunnels that allow pedestrians, freight, utilities, or autonomous electric vehicles to circumvent traffic on surface roads to more directly get from A to B. The Boring Company has also made news by selling 20,000 flamethrowers to consumers, which made the company $10 million in revenue.
Neuralink
In 2016, Musk co-founded Neuralink, a neurotechnology start-up company to integrate the human brain with artificial intelligence. The company is centered on creating devices that can be implanted in the human brain, with the eventual purpose of helping human beings merge with software and keep pace with advancements in artificial intelligence. These enhancements could improve memory or allow more direct interfacing with computing devices. The company wants the devices to give people the ability to communicate via text or speech synthesis, surf the web, or to express their creativity through photography, art, or writing apps.
OpenAI is an artificial intelligence research laboratory co-founded by Musk in December 2015. OpenAI is seeking to build a machine with human intelligence while prioritizing transparency and safety. The tool, dubbed “the API,” allows businesses to directly access OpenAI’s powerful general-purpose text generation AI, which has been trained on trillions of words from the internet.
Future Plan of Elon Musk
Musk tweeted in January that the goal of his Starship transportation system to Mars will be to launch each of SpaceX’s reusable Starship rockets about three times per day, on average, while carrying a 100-ton payload on each flight.
Musk might narrowly complete a Tesla Gigafactory in China around 2020, which would begin EV production by 2021. The plans to build a manufacturing plant in China goes hand-in-hand with the country’s efforts to have more EVs on the roads by 2030. Together with a Gigafactory, Tesla also plans to put up 1,000 superchargers in China.
Musk plans to send a SpaceX rocket to Mars, with cargo only, by 2022, according to the SpaceX website.
A second mission, which would take more cargo and crew, is targeted for 2024. Musk has also said he’ll send a million people to Mars by 2050.
Musk talks about his evolutionary plans for a 3D Network of underground tunnels to alleviate traffic congestion. “Traffic affects people all over the world and it takes away so much of your life,” he explains.
Underground Tunnel
All transportation, except for rockets, will be powered by electricity.
The Boring Company, Musk’s tunneling venture, aims to reduce the costs of tunnel construction.
In February 2018, Musk said SpaceX no longer had plans to certify that rocket for human spaceflight and it would use its Big Falcon Rocket for tourism instead. The trip is now scheduled to come as soon as 2023.
Humans will have brain-computer interfaces as soon as 2025.
The trend of the luxurious yacht has been running for a long time. The billionaires often celebrate their glory of money with the finest yacht of all time. Today, there are tons of yachts with the most incredible, unique and luxurious design and outlines.
Every yacht has its distinctive styling in the ocean of amenity. And these luxurious yachts are owned by tons of billionaires and millionaires. These could get you to escape from the chaos of the world and take you in the ocean on a cruise with luxury in hand.
This all began in 1945 with the tremendous Greek shipping tycoon, Aristotle Onassis. He transformed a Canadian anti-submarine frigate, HMCS Stormont, into an indulgence yacht and named it- the Christina O, after his daughter. And today, almost every billionaire is engaged in the era of building & buying the fastest, biggest, most luxurious and impressive yachts.
The yachts are evolving with tremendous characteristics like bulletproof windows, marina power connectors, solid gold panelling, a miniature landmark from different countries, helicopters power connection and many more. In this article, we have listed some of the luxurious yachts owned by billionaires.
The world’s most luxurious and expensive yacht, History Supreme is known as the largest and superyacht of all times. It is owned by Robert Kuok and is worth $4.8 billion. History Supreme took three years to build with a length of 100 feet. 10,000 kilograms of gold and platinum was used in this yacht.
History Supreme has an amazing statue which is made of Tyrannosaurus Rex bones together with a meteorite rock wall and a Aquavista Panoramic wall aquarium which is made up of 68 kg & 24 carats of gold.
Eclipse
Owned by: Roman Abramovich Price: $1.5 billion
Eclipse owned by Roman Abramovich
Eclipse is known as the second most luxurious and largest yacht across the world. Eclipse is built by Voss and Blohm and well designed by Terence Disdale. It cost around $1.5 billion and is owned by Roman Abramovich. The construction of this yacht is of around 533 foot.
Eclipse has several features like two helipads, a system for intruder detection missile, armor plating, Submarine, hot tubs, 24 guest cabins, bulletproof windows, dance hall and many more.
Azzam
Owned by: A Member of Dubai’s royal family Price: $600 million
Azzam owned by Dubai’s Royal Family
Azzam, a very luxurious yacht that is owned by one of the members of Dubai’s Royal Family. It cost around $600 million with incredible features. Azzam is known as the fastest luxurious yacht that has a height of 590 feet and a great french design. Azzam’s interiors are designed by Christophe Leonie. Azzam is well designed with a touch of french.
Nord is known as Gigayacht (the world’s largest yacht), which is around 450 feet long and the newest yacht. It is currently under trial training in the Baltic Sea. Nord is beautifully designed by Nuvolari Lenard, he is responsible for both exterior and interior of the yacht.
Nord includes many great features like Spa and sauna, beach club, swimming pool, fitness centre, two helipads, elevator and Jacuzzi.
Radiant
Owned by: Abdulla Al Futtaim Price: $320 Million
Radiant is owned by Abdullah Al Futtaim
Radiant is the perfect yacht to make you feel at home, even by being away from home. It’s absolutely luxurious and holds everything that a penthouse is expected to have. Radiant has numerous features such as a beach club, helipads, swimming pools, full-featured gym, movie theatre, massage room, helicopter and a jacuzzi on its deck.
Radiant is owned by the top billionaire of Dubai, Abdullah Al Futtaim and is price at $320 million. Radiant is absolutely tremendous with great features.
Ocean Victory
Owned by: Viktor Rashnikov Price: $300 million
Ocean Victory owned by Viktor Rashnikov
Ocean Victory is a prominent yacht built by Fincantieri in 2014. It’s interior is well designed by Alberto Pinto and Laura Sessa Romboli. Ocean Victory is owned by one of the top Russian billionaire, Viktor Rashnikov.
Ocean Victory holds many great notable luxuries such as a beach club, 6 swimming pools, and an underwater room for observation. It holds the capacity of 50 crew together with 26 guests.
The superyacht- Dilbar was built by Lürssen Yachts in 2008. It is counted among the world’s largest boats with a height of 360.89 feet. Dilbar is owned by a Russian Oligarch Alisher Usmanov with a price of $256 million.
Dilbar has many luxuries such as a helipad, swimming pools, and many more. It holds the capacity of 20 guests and 48 crew members.
Seven Seas
Owned by: Steven Spielberg Price: $200 million
Seven Seas owned by Steven Spielberg
Seven Seas, the well designed customer-built beautiful yacht by Oceanco in 2010 at Alblasserdam, Netherlands. The yacht is around 282.15 feet in height and a tonnage of 2750 tonnes. It holds the capacity of 14 guests and 23 crew members.
Seven Seas has a top speed accelerating of 15 knots. Its exterior and interiors are beautifully designed by Nuvolari and Lenard and is owned by the well known American film director – Steven Spielberg .
Amevi
Owned by: Lakshmi Mittal Price: $125 million
Amevi owned by Lakshmi Mittal
Amevi, the yacht with the features of 80 meters of length, On-deck Jacuzzi, Tender Garage, Helipad, Swimming Pool, 8 different Guest cabins and a top speed of 18.5 knots. It is owned by the famous Indian steel tycoon, Lakshmi Mittal who is the CEO and chairman of ArcelorMittal.
Amevi is built by the Oceanco Shipyard. The yacht was launched in the year 2007 and cost around $124 million in the construction process.
Lady Beatrice
Owned by: David Barclay and Frederick Barclay Price: $30 million
Lady Beatrice owned by Barclay Brothers
The very famous Lady Beatrice was built by Royal Van Lent together with Feadship in 1993. The yacht has tons of great features like Monaco home port, named after Beatrice Cecelia Taylor (mother of the owner), length of 60 metres, 8 guest cabins and a top speed of 18 Knots.
Lady Beatrice is owned by the Barclay Brothers- Sir David Barclay and his late brother Sir Frederick Barclay. They bought the yacht at the price of $30 million.
Conclusion
Among the billionaires, expensive and luxurious yachts have been in trends for a very long time. Billionaires are eager to buy a yacht with great notable amenities and features. And to this day, tons of billionaires own some of the top yachts built by great dedication and function.
Billionaires tend to buy the yacht with the great features of the greatest, largest and fastest yacht in the world. And they are ready to spend a handsome amount of money on it.
FAQ
Who owns the most expensive yacht in the world
The Worlds most expensive yacht History Supreme which is worth $4.8 billion is owned by Robert Kuok.
Does Bill Gates have a yacht?
Bill Gates does not own a yacht but he prefers to rent super yachts rather than buy his own.
Does Jeff Bezos own a yacht?
Yes, Jeff Bezos owns a yacht which is estimated to be more than $500 million. The details of the vessel have largely been kept under wrap.
Ashwini
Ashwini
