Those three are part of a group of eight athletes who each earned more than $100 million over the last 12 months, twice as many as in any previous year. The top 100 richest people in the world 2018 ten highest-paid athletes collectively made $1.11 billion before taxes and agents’ fees over the last 12 months, the highest total ever. Elon Musk is working to revolutionise transportation both on Earth – through electric car maker Tesla, and in space – via rocket producer SpaceX.
Bloomberg Billionaires Index is a daily ranking of the world’s billionaires published by Bloomberg News since March 2012. The ranking was designed to provide a more transparent and accountable presentation of the world’s biggest personal fortunes. At first, the index only tracked the 20 richest people in the world, and then expanded to 100, 200, 400 and later 500 in October 2016. 2 Elon Musk Net Worth $164 Billion Elon Musk is a South African-born Canadian-American businessman, inventor and investor. Though he wears many hats and is constantly topping his latest project, Elon Musk is earned the vast majority of his fortune as as the CEO of Tesla Motors.
These rankings excluded first-generation fortunes — like those of Jeff Bezos and Bill Gates — as well as fortunes controlled by a single heir. France’s Bernard Arnault is the new richest person in the world having surpassed South African-born Elon Musk. They are followed by United States’s Jeff Bezos who rounds out the Top 3. Steve Marcus/APÁlvarez collects tens of millions of dollars every time he steps in the ring, scoring big with blockbuster fights against Dmitry Bivol and Gennadiy Golovkin over the last 12 months. The boxer is behind sports drink maker Yaoca, fitness app I Can and gas station chain Canelo Energy, and he has his own clothing line and branded credit card. The 2018 total was tilted by an extraordinary outlier in boxer Floyd Mayweather Jr., who hit $285 million that year—the second-highest payday for an athlete in the 33-year history of the Forbes list.
The billionaires’ net worth increased in 2007 by $900 billion to $3.5 trillion. In June 2010, Gates and Buffett announced the Giving Pledge, a promise to give the majority of their wealth to philanthropic causes. As of 2017, the pledge had 158 signatories, but some of the signatories have since died. Most of the signers of the pledge are billionaires, and their pledges total over $365 billion.
#138 | Gong Hongjia & family
A majority of the list were entirely self-made; 184 inherited their wealth, and 281 achieved their fortune through a combination of inheritance and business acumen. Vietnam’s Phạm Nhật Vượng was the first person from that country to be included in this list. Larry Page, the co-founder of Alphabet, the holding company for Google, has a net worth of $96.1 billion and ranks eighth among the world’s richest persons.
We list individuals rather than multigenerational families who share large fortunes, though we include wealth belonging to a billionaire’s spouse and children if that person is the founder of the fortune. In some cases we list siblings or couples together if the ownership breakdown among them isn’t clear, but here an estimated net worth of $1 billion per person is needed to make the cut. We value a variety of assets, including private companies, real estate, art, yachts and more. When documentation isn’t supplied or available, we discount fortunes.
He has a net worth of $53.9 billion and as per the index, he is placed at the sixth rank. Charles Koch & David Koch — These two bothers tie for the eighth spot on the list with a net worth of $60 billion each from their companyKoch Industries. Idan Ofer is one of two sons of shipping magnate Sammy Ofer, who died in 2011 and was once Israel’s richest man. Richard Liu, who also goes by Liu Qiangdong, is the founder, chairman and chief executive officer of Chinese e-commerce firm JD.com.
The world’s richest persons list has seen a number of changes in the past three years thanks to the pandemic, geo-politics and economic slowdown. Here is the latest list of the world’s top 20 richest persons as per Bloomberg Billionaires Index, as on April 27, 2023. That question is easy enough to answer thanks to Forbes’list of the richest people in the world for 2018. The list ranks the richest people in the world based on their net worth. There are plenty of billionaires in the world, but we’re looking at the top 10 with the most net worth.
Warren Buffett, at No. 3 in the list, owns roughly one-sixth of Berkshire, the Omaha, Nebraska-based conglomerate he has run since 1965, despite giving away 43 per cent of the shares he owned in 2006. Buffett, 87, has since 2006 made more than $30.9 billion in donations to the charities, including roughly $24.5 billion to the Bill & Melinda Gates Foundation. Chase Coleman started out as a hedge fund investor, but his Tiger Global Management has evolved into a broader investment firm. Stan Kroenke is a real estate and sports mogul with an international portfolio. Pratt is the executive chairman of Australia’s biggest private company, Visy Asia-Pacific, a packaging and recycling business.
Avenue Supermarts Limited’s founder Radhakishan Damani’s $17.1 billion net worth places him in seventh place among India’s richest persons. Damani became the retail king of India after his supermarket chain completed INR 1,870 crore ($229 million) IPO in March 2017. Damani is also an investor and has stakes in several companies, including VST Industries, India Cements, and TV Today Network.
Elon Musk, Warren Buffet, Mukesh Ambani & more – World’s Top 20 richest people
Jacqueline Mars owns an estimated one-third of Mars, the world’s largest candymaker, founded by her grandfather. The son of a dry goods store owner, Stephen Schwarzman founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985. Giovanni Ferrero is executive chairman of his family’s namesake confections business, which posted $14 billion sales in 2021.
This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide. Larry Ellison has a net worth of nearly $105 billion which he earned from Oracle, the software firm he co-founded in 1977. He quit as the CEO of the company in 2014 and since then he functions as the chairman of the board and chief technology advisor of the company. Ellison has also been on the board of Tesla since December 2018 after he purchased 3 million shares earlier that year. Wu Yajun is cofounder and chairperson of Hong Kong-listed real estate developer Longfor Properties. Sam Bankman-Fried is one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm.
The United States came in second, with 57; followed by India, with 28; and Germany, with 23. Russia was placed behind China, Germany and India by the number of billionaires. Self-made billionaires made up the largest number of people on the list with 1,191 positions , while just 230 had wealth through inheritance. The number of billionaires who inherited a portion but were still working to increase their fortunes is 405.
#21 | Charles Koch
According to the International Monetary Fund , since the mid-1980s, real interest rates across several advanced economies have declined steadily. Meanwhile, the real interest rate is the nominal interest rate after taking into account inflation, reflecting the true cost of borrowing or lending. Real interest rates can fluctuate over time and are influenced by various factors such as inflation, central bank policies, and economic growth. They can also influence economic growth by affecting investment and consumption decisions.
- Today, the fortune is split among 13 family members, 11 of whom are billionaires, per Forbes.
- Microsoft co-founder turned philanthropist, Bill Gates, is a perennial presence at the top of these lists.
- There were 178 newcomers, as well as the first billionaires from Cyprus, Oman, Romania and Serbia.
- The Asia-Pacific region had the most drop-offs, with 29, followed by the United States with 16.
Zeng is the founder and chairman of Contemporary Amperex Technology , one of the world’s largest suppliers of batteries for electric vehicles. Phil Knight, founder of shoe giant Nike, retired as chairman in June 2016 after 52 years at the company. Charles Koch has been chairman and CEO of Koch Industries, America’s largest private company by revenue, since 1967. Francoise Bettencourt Meyers, the granddaughter of the founder of L’Oreal, is the richest woman in the world. As you can see above, with a 78% nominal interest rate, Argentina’s real interest rates remain the lowest on the planet due to a staggering annual inflation rate of over 100%. This graphic uses data from Infinity Asset Management to visualize the real interest rates of 40 major world economies, by subtracting projected inflation over the next 12 months from current nominal rates.
The family reportedly keeps 80% of Cargill Inc.’s net income inside the company for reinvestment annually. In 1947, Estée Lauder received her first major order for $800 of skincare products from Saks Fifth Avenue. The company, which sells cosmetics and fragrances through over 20 brands that include MAC and Clinique, reported annual revenue of over $17 billion in fiscal year 2022. In April 2016, Sam’s sons sold the cable-TV company Bright House Networks for roughly $11.4 billion in cash and stock.
Laurene Powell Jobs & family
Leonard donated $1 billion worth of paintings and sculptures to the Metropolitan Museum of Art. The Newhouse family’s wealth derives from the publishing giant Sam Newhouse created. Advance Publications owns Condé Nast Publications, whose media properties include Vogue, Vanity Fair, and GQ. About 67 family members share the fortune that William Randolph Hearst created when he took over the San Francisco Examiner in the late 1800s. Florence Butt founded H-E-B grocery store in Texas in 1905, which her son Howard expanded throughout the state when he took over the company in the 1920s. His son Charles is the majority shareholder and currently runs the company, which has over 400 stores in Texas and Mexico and generated over $38 billion in revenue in 2022.
- The tycoon’s conglomerate operates a diverse portfolio covering petrochemicals, refining, oil and gas exploration, and telecommunications.
- You can follow this link to see Forbes’ full list of the richest people in the world for 2018.
- This was the first time after 12 years that Carlos Slim was not within the top five.
- Larry Page, the co-founder of Alphabet, the holding company for Google, has a net worth of $96.1 billion and ranks eighth among the world’s richest persons.
- While the company passed through each family generation, an estimated 25% of the business was sold between 1989 and 2008, and it was fully bought out for $52 billion in 2008.
And 236 newcomers have become billionaires over the past year—including the first ever from Barbados, Bulgaria, Estonia and Uruguay. In fact, the first billionaire to pass the $100 billion threshold was Jeff Bezos in 2018, when he took the top spot on the list from Bill Gates. However, now all but two on the top 10 wealthiest list are centibillionaires. There were 178 newcomers, as well as the first billionaires from Cyprus, Oman, Romania and Serbia.
Iris Fontbona & family
The rankings are updated only on every trading day after the closing bell of every trading day based on New York’s time. The Chinese billionaire held a variety of jobs, including as construction worker and news reporter before building his own business, Nongfu Spring. He is also the major shareholder of a pharma company, Beijing Wantai Biological Pharmacy Enterprise.
Laurene Powell Jobs inherited billions of dollars of stock in Apple and Disney from her late husband, Apple cofounder Steve Jobs, who died in 2011. Fracking pioneer Harold Hamm founded and chairs Continental Resources, one of the nation’s biggest independent oil companies. Yang Huiyan owns 57% of real estate developer Country Garden Holdings, a stake largely transferred to her by her father Yeung Kwok Keung in 2007. Emmanuel Besnier is the CEO and controlling shareholder of family-held Lactalis, one of the world’s largest dairy firms with $20 billion in sales. Miriam Adelson is the widow of Sheldon Adelson, the former CEO and chairman of casino company Las Vegas Sands, who died at 87 in January 2021.
The Index reports on hidden wealth and has uncovered more than 400 hidden billionaires since its founding. The American socialite and philanthropist is one of the richest women in the world, who inherited her fortune from her husband David Koch, who died in 2019. Together with her three kids, she inherited a 42% stake in Koch Industries. The richest people on earth lost more than $500 billion this year after record first-half gains were obliterated by a succession of bruising market sell offs. You can follow this link to see Forbes’ full list of the richest people in the world for 2018.
In the 25th annual Forbes list of global billionaires, Slim added $20.5 billion to his fortune, the most of anyone, and retained his number one ranking with a total fortune of $74 billion. Gates remained in second place with $56 billion, while Warren Buffett was third with $50 billion. The top 10 had a combined wealth of $406 billion, up from $342 billion in 2010. According to Forbes editor Kerry Dolan, “media and technology billionaires definitely benefited from a stronger stock market and a growing enthusiasm for all things social” since the 2010 list. However, Nigerian commodity mogul Aliko Dangote was the greatest gainer on a percentage basis as his fortune increased 557 percent to $13.5 billion. Mark Zuckerberg was one of seven Facebook-related billionaires on the list, as he added $9.5 billion to his net worth to move up to 52nd.
Quek Leng Chan is the executive chairman of privately held Hong Leong Co. , which has interests in finance, food and property. Colin Huang, who also goes by Huang Zheng, is the former chairman of online discounter Pinduoduo, one of China’s largest e-commerce sites. Brian Chesky cofounded peer-to-peer room and home rental company Airbnb with Nathan Blecharczyk and Joe Gebbia in 2008; Chesky is CEO. Together with college buddies and fellow billionaires German Khan and Alexei Kuzmichev, Mikhal Fridman controls Alfa Group and LetterOne. Son of a Bangkok street vendor, Charoen Sirivadhanabhakdi controls Thai Beverage, Thailand’s largest brewer, known for its Chang beer. Goh Cheng Liang gets the bulk of his wealth from a majority stake in Japan’s Nippon Paint Holdings, the world’s fourth-largest paint manufacturer.