Sign up for news

Top 7 Richest Persons in the World: Do You Know Everyone?

Author: Igor Balanchuk
18 September 2020, 18:15
Votes: 2

People like to compare diverse aspects of their life, and that is why different ratings are popular. When it comes to finances, the situation becomes even more interesting as money has always been a flexible and unified aspect of social success.

Top 7 Richest Persons in the World: Do You Know Everyone?

Login Casino presents a 2020 ranking of the top-7 richest people on the globe and makes a short analysis of their welfare.

The most rich person in world's ranking by Forbes

Jeff Bezos – $113 billion

the richest person in world

The first place in the world's wealthiest people rating takes Jeff Bezos, whose capital stock is more than $113 billion. He is the first person who has achieved the point of more than $100 billion stacks, leading the global rating since 2017. Bezos is famous for being an owner of the Amazon Corporation, which has been founded in 1994 and has started from the books' trade. Recently, Amazon is the largest online retailer globally, which sounds consequentially to its owner's personality.

The second commercial item Jeff Bezos can boast is a famous space manufacturer Blue Origin. This firm firstly overcame gravity and escaped the Earth in 2015, which allowed them to declare the desire to provide commercial space flights. Also, the most affluent individual on the globe keeps The Washington Post, which has been bought for about $250 million in 2013. Jeff's current status is much more desirable than claiming a lottery win.

Bill Gates – $98 billion

rich person in the world

Taking second place in such a rating doesn't seem to be a loser's problem, and Bill Gates should be happy to have it. The American billionaire is one of the wealthiest persons in the world since 1987, while his top places in Forbes' ratings have begun in 1994. The Microsoft Corporation is his most profitable income source, which has been founded in 1975 and made a revolution in computer science and approaches used at the end of the 20th century.

Bill & Melinda Gates Foundation is the second most famous participation place for the considered entrepreneur. It has been founded in 2000 and is now regarded among the most influential charity organizations in the world. Even stepping out from Microsoft's ruling positions in the early 2010s, the net worth of Bill Gates is still growing and going to surpass the $100 billion point soon.

Bernard Arnault & Family – $76 billion

the richest person in world

The third place on the billionaires' list takes Bernard Arnault. The Frenchman created the giant luxury corporation in the world in 1987, recently known as the LVMH. To understand this company's scales, it's enough to know, which firms compose the abbreviation LVMH – Moët Hennessy Louis Vuitton. As of now, the corporation holds 75 subsidiary firms in luxury businesses, including fashion, cosmetics, drinks, jewelry, and other directions.

Bernard Arnault can be considered as the wealthiest person in Europe, while some ratings place him even higher than Jeff Bezos during the previous year. Among the recent events related to the considered person is the purchase of Tiffany & Co. luxury brand. The $16 billion deal was announced in 2019, but was twice postponed and even canceled at the beginning of September this year, which forced the American firm to start a real lawsuit.

Warren Buffett – $67.5 billion

rich person in the world

The most famous investor on the globe, Warren Buffett, transformed his knowledge and investing approach into the incredible net worth. Being a 90-year-old person, he is still a chairman and CEO in Berkshire Hathaway, which is among the world's most giant international trading conglomerates. The considered organization is one of the major diverse-industry holders in the US, including food, retail, transportation, manufacturing, jewelry, etc.

The "Oracle of Omaha" – the second name of Warren Buffett – began his financial trading way in early adolescence. He continued the philosophy of Benjamin Graham, which was a founder-centric and value investing approach. Warren has started to buy Berkshire Hathaway in 1962, and recently, the prominent investor has about 30% of the voting influence and 16% of the corporation's financial power.

Larry Ellison – $59 billion

the most rich person in world

Larry Ellison is another man in the regarded list of wealthiest personalities in the world who is tightly related to software production and promotion. Lawrence Joseph Ellison (full name) has co-founded Oracle Corporation, which is now the second most capitalized software firm globally. Oracle takes the leading place in a vast database usage, which means the distribution of resource-, supply-, and relations-management systems like ERP, HCM, CRM, and SCM.

Although Ellison has left Oracle's CEO position in 2014, Larry is still the chairman and primary person in the firm, combining this role with the CTO position. Since that time, he spent his time on real luxury hobbies like yachts and aviation and was even noted in the USA's political life. In 2018, he has returned to a more technical activity and bought Tesla shares and now is one of the directors in this corporation.

Amancio Ortega – $55.1 billion

who is the richest person in the world

The second most prosperous personality in Europe lives in Spain and owns the biggest fashion company called Inditex. 84-year-old Amancio Ortega Gaona is from the working family. His first step towards the list of wealthiest individuals on the globe was in 1975 when, together with his wife, Amancio opened the first ZARA store. With years, the company has outgrown into the fashion leader worldwide and now is the primary brand in Inditex.

Among the reasons why ZARA has become so popular and successful is their unusual approach towards fashion. Under the ruling of Amancio Ortega, the firm made an emphasis on first renewing the products in the stores. As Inditex owns numerous stores and manufacturing facilities across the globe, a new fashion product can appear in retail only in a few weeks after the first design is presented.

Mark Zuckerberg – $54.7 billion

how much money does the richest person in the world have

Social media's broad popularity started after Mark Zuckerberg co-founded and developed Facebook in 2004 with his university fellows. Even though the recent billionaire was studying at Harvard University, his direction was psychology, while IT was a hobby. Probably, more in-depth knowledge of the human psychics allowed him to transform internet communication into something much bigger and exciting to use regularly and not for messaging only.

Facebook is still among the most notable digital firms globally, as it successfully combines social media and advertising. Although there have been several serious scandals concerning data processing by the company, Zuckerberg holds steady positions in the rating of the wealthiest people in the world.

The place of a rich person in the world: activity spheres, lifestyle, charity

Some typical features make the most affluent individuals quite similar. The first one is the business abilities that allow them to make the right bet at some point in their life. They couldn't even imagine how much money they could earn when founding or buying companies they now rely on. It's much more challenging than just buying gambling stocks of the industry that is steadily growing.

The second common behavioral feature is a full dedication to their chosen activity, which has influenced the whole lifestyle. The community may think that having billions of dollars is the easiest task to cope with, but the reality is different. All the wealth and money they have earned is the outcome of incredible forces and millions of neurons gone due to massive stress, which still continues not to lose the positions they have achieved.

Lastly, almost all of them came to charity at some point in their lives. Not surprisingly that "The Giving Pledge" is founded by Gates and Buffett, while Zuckerberg and Ellison are its active members. However, it doesn't mean that Bezos, Arnault, and Ortega are giving nothing to the real charity as they participate in other philanthropic activities like building social institutions or helping the needy.

Read moreAre Esports stocks worth buying it now?

Read moreThe best blockchain stocks for investments

makemoneymedia99 natural8
Frequently asked questions

Who is the richest person in the world?

According to the 2020 Forbes rating, Jeff Bezos is the wealthiest person in the world.

How much money does the richest person in the world have?

Relying on the same rating by Forbes, Jeff Bezos has a net worth of $113 billion, while some other sources can state other numbers. For instance, the Bloomberg Billionaires Index claims on $183B owned by Bezos.

Who is the richest person in the world right now?

Jeff Bezos claims the position of the wealthiest person on the globe.


No comments

Now read
1 Nov