How much money the 10 richest people in the world made in 2021

Bernard Arnault, head of luxury goods giant LVMH, takes his place as the world’s richest person, marking the first time a citizen of France leads the ranking. The United States still boasts the most billionaires, with 735 list members worth a collective $4.5 trillion. China (including Hong Kong and Macau) remains second, with 562 billionaires worth $2 trillion, followed by India, with 169 billionaires worth $675 billion. To calculate net worths, we used stock prices and exchange rates from March 10, 2023.

His boss at the firm, David E. Shaw, tried to persuade Bezos to stay, but Bezos was already determined to start his own company. The growth in wealth has been so great over such a short period of time that “wealth concentration at the very top now surpasses the peak of the Gilded Age of the late 19th century,” Oxfam says. His companies are working on some of the most important challenges facing humanity, and he is inspiring others to think big and dream big.

#5 Warren Buffett

During the month of August, his fortune fell by nearly $8 billion and he dropped from No. 7 to No. 9 richest. Sergey Brin stepped down as president of Alphabet, parent company of Google, in December 2019 but remains a controlling shareholder and a board member. He cofounded Google with Larry Page in 1998 after the two met at Stanford University while studying for advanced degrees in computer science.

Here are five of the world’s wealthiest and how they went from an average joe to a multi-billionaire. Larry Ellison is an American businessman, co-founder and CTO of Oracle Corporation. He is the fourth-wealthiest person in the world, with a net worth of $107 billion as of September 2023. But Forbes, which used stock prices and exchange rates from March 11 to calculate their net worths, said both the number of billionaires and their collective wealth has dropped since last year. Itwas a down year for many of the planet’s 2,640 billionaires–including those at the very top of the top.

#16. Mark Zuckerberg

Shares of Google soared almost 50% in 2021, moving Page and Brin up the billionaire list. Page’s net worth went from just below $52 billion in March 2020 to the current $86.9 billion. Oracle is the world’s second-largest software company, https://www.bookstime.com/articles/how-to-increase-profit providing a wide variety of cloud computing programs as well as Java and Linux code and the Oracle Exadata computing platform. Oracle has acquired numerous large companies over its history, such as Sun Microsystems and Cerner.

SpaceX, meanwhile, keeps soaring, with the company valued at nearly $140 billion in a tender offer that closed in early 2023—up from the $127 billion at which investors valued it last May. Zhang Yiming, who founded Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors. Binance founder Changpeng Zhao, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter. Page’s fellow Google founder Sergey Brin also left his position at Alphabet (as president) in late 2019 and continues to hold shares and serve on the board. Larry Ellison, with a net worth of $93 billion, is the co-founder, chairman, and chief technology officer of software company Oracle.

#5. Warren Buffett

He held the same post at the Alphabet holding company after it was established in 2015, stepping down in 2019 when Sundar Pichai took over as CEO. An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge 5 richest people in the world of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979. French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora.

Along with his family, Adani controls India’s largest port, in his home state of Gujarat, shown here. A whistleblower came forward to accuse his company of misleading the public about how it handles disinformation and hate speech. And investors have given a cool reception to Zuckerberg’s plans for the company’s future.

#138 Gong Hongjia & family

She has since pledged to give away the majority of her wealth to charity. Arnault’s five children all work at LVMH; in July 2022, he proposed a reorganization of his holding company Agache to give them equal stakes . One country impacted by these factors was Russia which has 34 fewer billionaires on the list this year.

He bought X, then known as Twitter, for $44 billion in October 2022 and owns an estimated 74% of the social media company, which is now worth less than half what he paid for it. Surging shares of Meta Platforms—which owns Facebook, Instagram and WhatsApp—pushed Mark Zuckerberg back up into the world’s top ten richest earlier this summer for the first time since January 2022. As of September 1, Zuckerberg is the world’s ninth richest, worth $105 billion, down about $8 billion and down two spots in the ranking since the beginning of last month, per Forbes’ estimates. With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own.

That month, he took an 11-minute voyage to the edge of space aboard a Blue Origin spacecraft.

It has grown to be the world’s largest social network, with 3 billion users. Zuckerberg, the CEO of Meta, took the company public in 2012 and still owns about 13% of it. He and his wife Priscilla Chan have pledged to direct 99% of their stock in the company toward measures that promote human potential. One effort is to develop tools to help others cure, manage or prevent all disease; Zuckerberg and Chan spoke to Forbes earlier this year about their efforts. Musk is CEO of electric car company Tesla, rocket firm SpaceX and social media company X, formerly known as Twitter. He owns 23% of Tesla between stock and options, but has pledged some of his stock as collateral for loans.

• Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time.
• • He is the richest person in France and the fourth richest person in the world according to Forbes magazine, with a net worth of $72 billion Approx 489 Thousand CRORE, as of June 2018.
• Canada has 64 billionaires, led by media magnate David Thomson and his family.
• Seen here with siblings Rob (left) and Alice, Jim Walton gave away $1.2 billion worth of his Walmart stock in 2019.
• The Dell chairman and CEO is $5 billion poorer this year after a 27% drop in Dell Technologies’ stock price.

He dropped out of Harvard to cofound software firm Microsoft with his high school friend Paul Allen in 1975, creating one of the first software programs available for the nascent personal computer industry. He was CEO of the company for 25 years and remained chairman until 2014. He eventually stepped off the board in 2020 but told Forbes in early 2023 that he still spends about 10% of his time consulting with teams at Microsoft. These days he has investments in dozens of companies including waste removal firm Republic Services and agricultural equipment maker Deere & Co., and is one of the largest owners of farmland in the U.S. Arnault was the world’s richest person for most of the first half of 2023; he fell to No. 2 on June 8, 2023. As of September 1, Arnault is worth $17.6 billion less than a month ago, per Forbes’ estimates, following a 5.7% drop in the the price of LVMH shares.