Top 10 Richest People in the World
The world's rich list changes daily, so who are the top 10 richest people in the world right now? From mining tycoons to Russian oligarchs, these billionaires have built huge fortunes through hard work and smart business decisions. One thing to remember is that these are all self-made people, they were not inherited with any established business or large properties. They made their fortune through hard work.
See the top 10 richest people in the world in 2020 with our comprehensive list below.
1- Jeff Bezos
Amazon founder and CEO Jeff Bezos is the richest person in the world, with a net worth of $131 billion. He founded Amazon in 1994 and has seen it grow into a massive online retailer. In addition to his stake in Amazon, Bezos also owns The Washington Post and space exploration company Blue Origin. Forbes estimates that Bezos made $67 billion in 2017 alone — more than double Trump’s income over that period. While much of his wealth comes from Amazon stock, he made several investments through VC firm Kleiner Perkins Caufield & Byers early on, which have paid off well; he also invested heavily in Google when it was starting up. Bezos famously said that if someone can get frictionless shopping right on the web, they will be able to compete with companies like Wal-Mart and Target.
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| Jeff Bezos |
2- Bill Gates
Bill Gates is an American business magnate, software developer, and philanthropist. He is best known as the co-founder of Microsoft Corporation. Gates has held the top spot on the Forbes list of The top 10 richest People in the world for 18 out of the past 23 years, between 1995 and 2018. In October 2019, he was awarded the Presidential Medal of Freedom by President Donald Trump. Bill Gates's charitable foundation, the Bill & Melinda Gates Foundation, owns more than 50% of shares in Monsanto and Syngenta but does not publicly report its holdings.
Gates stepped down as CEO of Microsoft in 2000 but remained chairman and created the position of chief software architect for himself. In June 2006, Gates announced that he would be transitioning from full-time work at Microsoft to part-time work and full-time work at the Bill & Melinda Gates Foundation. In 2008, Gates announced that he would be taking a leave of absence from his work at Microsoft to serve full-time at his foundation starting July 1, 2008.
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| Bill Gates |
3- Warren Buffett
Berkshire Hathaway CEO Warren Buffett comes third on the list of the top 10 richest people in the world with a net worth of $84 billion. The Oracle of Omaha is one of the most successful investors in history, and his company Berkshire Hathaway is one of the largest conglomerates in the world. Buffett has been a vocal critic of high CEO pay, and he has pledged to give away more than 99% of his fortune to charity.
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| Warren Buffett |
4- Amancio Ortega
Amancio Ortega is a Spanish businessman and fashion executive who is best known for his founding role at Inditex, the company that owns fashion brands like Zara, Massimo Dutti, and Bershka. He is currently the fourth richest person in the world with a net worth of over $70 billion. Ortega began his career working in a clothing store in Spain before eventually opening his store. He then founded Inditex in 1975 and grew it into one of the most successful fashion companies in the world. Today, Ortega remains involved with Inditex as its chairman and continues to lead its expansion into new markets.
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| Amancio Ortega |
5- Mark Zuckerberg
Facebook founder Mark Zuckerberg is now the fifth richest person in the world, with a net worth of $62.3 billion. The 33-year-old saw his fortune increase by $15.6 billion this year, thanks to Facebook's strong performance on Wall Street. Zuckerberg is now the youngest person on Forbes' list of the world's billionaires.
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| Mark Zuckerberg |
6- Carlos Slim Helu
Carlos Slim Helu is a Mexican business magnate, engineer, and philanthropist who as of March 2018 is ranked by Forbes magazine as the sixth richest person in the world, with a net worth estimated at $68.1 billion. He derives his fortune from his extensive holdings in a conglomerate of Mexican companies, including Telmex, América Móvil, and Grupo Carso. As of 31 July 2018 he owns just over 50% of Telmex. He also sits on the board of directors for several companies including The New York Times Company and Pemex.
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| Carlos Slim Helu |
7- Larry Ellison
On the list of the top 10 richest people in the world, we have Larry Ellison. Ellison is the founder and CEO of Oracle, one of the world's largest enterprise software companies. He has an estimated net worth of $59 billion, making him the seventh-richest person in the world. Ellison is known for his lavish lifestyle, and he owns several properties, including a yacht and a private island. In February 2017, Ellison reportedly purchased 98% of Lanai from David Murdock for a reported $300 million.
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| Larry Ellison |
8- Charles Koch
Charles Koch is an American businessman, political donor, and philanthropist. He is the co-owner, chairman, and chief executive officer (CEO) of Koch Industries, a conglomerate that is the second-largest privately held company in the United States (after Cargill). Koch has an estimated net worth of $50 billion as of 2019, making him the 8th richest person in the world. He has donated to several libertarian and conservative think tanks, including the Cato Institute and Americans for Prosperity.
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| Charles Koch |
9- David Koch
As of 2019, David Koch is the ninth richest person in the world, with a net worth of $51.8 billion. He is an American businessman, philanthropist, and political activist. Koch industries include oil, chemicals, ranching, investments, and more. Koch was diagnosed with prostate cancer in 1992 and has since been an advocate for cancer research and treatment.
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| David Koch |
10- Michael Bloomberg
Michael Bloomberg is an American businessman, politician, and philanthropist. He is the founder, CEO, and owner of Bloomberg L.P., a financial data, and media company. He served as the 108th Mayor of New York City from 2002 to 2013. As of 2018, his net worth was estimated at $53 billion, making him the 8th richest person in the United States and the 10th richest person in the list of top 10 richest people in the world.
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| Michael Bloomberg |
Conclusion
Looking into the lives of these top 10 richest people in the world, we can see that the only thing that gave them the position in which they are at right now is their hard work and determination.
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