Who is the Richest person on earth

Daily Dose of Internet: Net Worth

This is a frequently asked question: Who is the wealthiest person on the planet? Well today I will give you a list of the top 5 richest people on earth.

Top 5 People with the Highest Net Worth

1. Jeff Bezos – Net worth – $178 billion dollars.

Jeff Bezos is a 57-year-old Amazon CEO who presently resides in Seattle. He founded Amazon and serves as its Executive Chairman. He holds an 11% ownership position in Amazon.

Soon after resigning from the hedge fund D.E. Shaw, Jeff Bezos launched Amazon.com in a garage in Seattle in 1994. In reality, he had offered the idea of an online bookstore to his previous boss, David E. Shaw, but he was not interested. Though Amazon.com began as a book retailer, it has evolved into a one-stop shop for everything under the sun and is now perhaps the world’s largest retailer. In any case, it’s difficult to argue with their claim to be “the world’s most customer-centric organization.”

Source: Entrepreneur

Amazon’s stock price soared in 2020, owing to increased demand for online purchasing as people were forced to stay at home due to lockdowns. 8 Bezos stood down as CEO of Amazon on July 5, 2021, and transitioned to his new post as executive chair.

Bezos took Amazon public in 1997 and went on to become the first guy to reach a net worth of more than $100 billion since Bill Gates in 1999. Among Bezos’ other ventures are Blue Origin, an aerospace firm; The Washington Post, which he bought in 2013; and the Long Now, a 10,000-year clock.   Blue Origin’s first successful crewed flight took place on July 20, 2021, with Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch student Oliver Daemen, reaching an altitude of slightly over 62 miles before landing safely.

2. Bernard Arnault – Net worth – $150 Billion dollars.

Bernard Arnault currently lives in Paris, and is the CEO and Chairman of LVMH he also has 97.5% ownership in Christian Dior.

Bernard Arnault, a French national, is the chairman and CEO of LVMH, the world’s largest luxury goods conglomerate. This company owns a number of well-known brands, including Louis Vuitton, Hennessey, Marc Jacobs, Sephora, and others. 26 However, his large position in Christian Dior SE, the holding firm that owns 41.25 percent of LVMH, accounts for the majority of his riches. 27 His family-owned holding business, Groupe Arnault SE, owns 6.2 percent of Christian Dior SE and another 6.2 percent of LVMH.

Source: LVMH

3. Elon Musk – Net Worth – $125 Billion dollars.

Elon Musk is a 50-year-old American businessman who presently resides in Austin, Texas. He is Tesla’s co-founder and CEO, and he has a 20% share in the company.

Elon Musk has been involved in a number of businesses throughout the years. Musk was originally enrolled at Stanford University, but he dropped out to start Zip2, one of the first internet navigation systems. X.com, an online payment system that later became PayPal, was founded with a portion of the earnings from this venture. Despite the fact that both of these technologies were later sold to other firms, Musk remains the CEO and principal designer of his third project, Space Exploration Technologies (SpaceX), which intends to make space exploration more affordable.

Musk became a key financier of Tesla Motors (now Tesla) in 2004, which earned him the title of cofounder and his present role as CEO of the electric vehicle company. Tesla makes energy storage devices, automobile accessories, goods, and, following its acquisition of SolarCity in 2016, solar power systems, in addition to its electric vehicles, which include sedans, sport utility vehicles (SUVs), and the “Cybertruck” announced in 2019.

Source: Biography

Tesla’s stock price soared 705 percent in 2020, from the beginning of the year to mid-December. It became the largest company admitted to the S&P 500 that same month.

Musk launched two more firms in 2016, Neuralink and The Boring Company, with the former serving as his CEO. Neuralink is working on brain-machine interface devices to help people who are paralyzed and to allow them to communicate with their computers and mobile devices mentally. Meanwhile, the Boring Company creates boring machines for the goal of creating tunnels for underground public transportation systems, which would help to relieve traffic congestion in large cities. It also (temporarily) sold a flamethrower.

4. Bill Gates – Net Worth – $124 Billion Dollars

Bill Gates is a 65-year-old Medina, Washington resident. He is a Co-Founder of Microsoft and owns a 1.3 percent stake in the company.

Bill Gates started to work with his childhood buddy Paul Allen to build new software for the early microcomputers while attending Harvard University in 1975. Following the success of this effort, Gates dropped out of Harvard in his junior year and joined Allen to create Microsoft.

Microsoft develops its own line of personal computers, publishes books through Microsoft Press, provides email services through its Exchange server, and sells video gaming consoles and associated peripheral devices in addition to being the world’s largest software corporation. Initially serving as Microsoft’s principal software architect, Gates was promoted to chair in 2008. In 2004, he became a member of Berkshire Hathaway’s board of directors. On March 13, 2020, he resigned from both boards.

The Bill & Melinda Gates Foundation, of which he and his ex-wife, Melinda Gates are co-chairs, was formed in 2000 when Gates’ two philanthropic organizations, the William H. Gates Foundation and the Gates Learning Foundation, were united to become the Bill & Melinda Gates Foundation.

  • He has spent billions fighting polio and malaria through his organization.
  • In 2014, he also contributed $50 million to assist battle Ebola.
  • The organization has spent almost $1.8 billion to tackle the COVID-19 pandemic as of 2021.
Source: CNBC

5. Mark Zuckerberg – Net Worth – $97 Billion Dollars

Mark Zuckerberg is a 37-year-old Californian who resides in Palo Alto. He is Facebook’s Co-Founder, CEO, and Chairman.

In 2004, while at Harvard University, Mark Zuckerberg co-founded Facebook with fellow classmates Eduardo Saverin, Dustin Moskovitz, and Chris Hughes. As Facebook became more widely utilized, Zuckerberg dropped out of Harvard to focus solely on his burgeoning company. Zuckerberg is now the CEO and chairman of Facebook, which had over 2.8 billion monthly active users in Q1 2021.

Facebook is the world’s most popular social media platform, allowing users to establish personal profiles, interact with friends and family, join or create groups, and much more. Because the website is free to use, advertising accounts for the majority of the company’s revenue.

Facebook (the company) also owns Instagram, a photo-sharing app acquired in 2012; WhatsApp, a cross-platform mobile messaging service; and Oculus, a virtual-reality headset manufacturer, both acquired in 2014; Workplace, an enterprise-connectivity platform; Portal, a line of video-calling devices; and Novi, a digital wallet for the Diem payment system.

The Chan Zuckerberg Initiative was formed in 2015 by Zuckerberg and his wife, Priscilla Chan, with each of them serving as co-CEO. Their nonprofit aims to use technology to address societal issues such as enhancing educational access and quality, overhauling both the criminal justice and immigration systems in the United States, increasing housing affordability, and finally curing all diseases.

Source: BBC

Conclusion

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Frans Kruyswijk

Co-Owner of the Billionaire Blog. I am deeply committed to assisting others in achieving financial, spiritual, and total freedom!

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