The World Has Less Billionaires In 2020, But Jeff Bezos Is Still The Richest

His various endeavors included an erectile dysfunction pill made from turtle parts, which didn’t pass regulatory standards. Zhong Shanshan is the bottled water king of China and became one of the country’s richest men in 2020. Ma leads a private life and owns about $150 million worth of property in Hong Kong.

Mane quit his geology degree at the University of Tirana during his first year, later telling the Financial Times that “basically I learned German there”. But Mane’s language skills would prove handy down the track when building his business exporting cheap TVs and VCRs from Austria to his home country, Albania.

After they got married, she became a famous socialite in New York City, where they lived. Zhong grew up in a wealthy family, but his parents were killed by Chairman Mao during the Cultural Revolution, according to TRT World. He worked various jobs before becoming an entrepreneur in his 20s.

He stepped down as CEO in 2014, but is still CTO and chairman of the board. At age 14, he itemized his bicycle as a $35 deduction on his first income tax return because he used it for his paper route. He gives much of his wealth to charity, and has said that he doesn’t intend to leave his riches to his children. Between 2006 and 2019, Buffett has given back nearly $34.5 billion and committed to eventually giving away nearly his entire fortune. Warren Buffett is widely known as “The Oracle of Omaha” because of his knack for value investing, in other words, finding bargains in undervalued companies. He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965.

Mukesh Ambani is an Indian business magnate, currently chairman, managing director and largest shareholder of Reliance Industries Limited . As of 2020, Elon Musk’s net worth is estimated to be $79.4 billion, which means his net worth has more than doubled this year, after a ridiculous jump in Tesla stock prices between April and August. Musk founded PayPal, and is also the founder of Tesla, Space-X, The Boring Company, and Neuralink. Larry Ellison is the co-founder of the Oracle Corporation, and he was also the company’s CEO until September 2014. Francoise Bettencourt Meyers became the reigning L’Oreal heiress when her mother, Liliane Bettencourt, passed away in 2017. She now runs the holding company as chairwoman, with her family owning 33% of L’Oreal.

In 1977, he founded Oracle, a software company and today he serves as the chairman of the board and the chief technology officer, according to Forbes. It also reported that 267 people who were billionaires last year are no longer billionaires and 178 new people have reached billionaire status this year. Of course, with the markets in flux because of the coronavirus, each billionaire’s net worth also fluctuates depending on the day. All 2,095 billionaires are worth about $8 trillion, which is $700 billion less than they did in 2019, according to Forbes.

top 5 richest man in the world

Arnault is the CEO of luxury goods company LVMH, which includes Louis Vuitton and Sephora brands. Last year, the company QuickBooks bought Tiffany & Co. for $16.2 billion, which could be the largest luxury brand acquisition, Forbes reported.

Other Statistics On The Topicbillionaires Around The World

A billionaire is an individual who has assets or a net worth of at least one billion currency units such as dollars, euros or pounds. An engineer by training, Arnault’s business chops became apparent whilst working for his father’s engineering contra asset account company, Ferret-Savinel. The only Harvard dropout in the Top Five, Bill Gates’ knack for increasing wealth is staggering, even for an already wealthy guy. The Microsoft co-founder’s net worth has more than doubled since 2009.

Forbes India Rich List 2020: Mukesh Ambani Tops Chart, Gautam Adani Takes Second Place

It was the first time China, while including Hong Kong, placed second. A total of 55 countries were represented on the 2010 list, including Finland and Pakistan which claimed their first billionaires. Eighty-nine women made the list, but only 14 of them were self-made. The combined net worth of the list was $3.6 trillion, up 50 percent from 2009’s $2.4 trillion, while the average net worth was $3.5 billion. A record 1,210 billionaires made the 2011 list, representing a combined wealth of $4.5 trillion, up from $3.6 trillion the previous year. One third of the world’s billionaires, 413, came from the United States.

Net Worth: $54 9 Billion

He was named the top 35 innovators in the world by the MIT Technology Review TR35 under the age of 35 and received ‘The Innovator of the Year Award’ from The Wall Street Journal. It is a great means to divert your mind, and you will not be hooked to the phone or social media on your mobile phone. After taking over his father’s real estate company in 1979, Arnault changed direction and began acquiring luxury goods brands such as Christian Dior.

Who is lowest paid actor?

Top 10 Lowest Paid Actors in Hollywood 1. 1 1. Johnny Depp.
2. 2 Shia LaBeouf. It’s hard to believe that Shia LaBeouf is only in his mid twenties since he’s been a prominent child actor since his youth but the star still represents profitability to studios.
3. 3 Nicolas Cage.
4. 4 Robert Downey Jr.
5. 5 The Rock.
6. 6 Michael Cera.
7. 7 Ashton Kutcher.
8. 8 James McAvoy.
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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. This was the first time after 12 years that Carlos Slim was not within the top five. The U.S. had the most billionaires in the world, with a record of 565.

There are many successful businessmen and entrepreneurs whose common habit is ‘book reading’. In fact, book reading habit had produced many billionaires in the world. Billionaires like Warren Buffet, Bill Gates and Mark Zuckerberg have vivid reading habits. In spite of their busy schedule, they manage to read good books on a regular basis. Most of these billionaires will manage their library to gain knowledge, education and motivation. You will be motivated to read books by going through the success stories of famous people. In the 29th annual Forbes list of global billionaires, a record 1,826 billionaires were named with an aggregated net worth of $7.1 trillion compared to $6.4 trillion in the previous year.

Facebook shares surged nearly 60% over the past two months, hitting a record high on Friday May 22. Investors responded positively to the Wednesday debut of Shops, Facebook’s effort to host digital storefronts for small business owners. Zuckerberg, now worth $86.5 billion, has become the fourth-richest person in the world, normal balance up from the No. 7 richest on Forbes’ 2020 list of the World’s Billionaires, published in early April. The 36-year-old is now richer than Warren Buffett, Inditex founder Amancio Ortega and Oracle cofounder Larry Ellison. The United States accounted for 403 billionaires, followed by China with 89 and Russia with 62.

The S&P 500 and Dow Jones, meanwhile, are up about 31% each–still down roughly 10% and 15% for the year, respectively. Colin Zheng Huang, chief executive officer and founder of Pinduoduo, at the company’s office in Shanghai, China. As a result of the market crash caused by the Dot-com bubble, 83 billionaires dropped off the list from the previous year. The founders of Google, Sergey Brin and Larry Page, became billionaires at age 30. There were 178 newcomers, as well as the first billionaires from Cyprus, Oman, Romania and Serbia. The billionaires’ net worth increased in 2007 by $900 billion to $3.5 trillion.

top 5 richest man in the world

Dan Gilbert is the co-founder of Quicken Loans and owner of the holding company Rock Ventures. He’s also the owner of the Cleveland Cavaliers (they’re worth about $1.5 billion). “Blavatnik’s exceptionally large gifts to respected western institutions, from Tate to Harvard, have top 5 richest people in the world earned him admiration as one of the world’s most generous philanthropists,” wrote the Financial Times. “At the same time, he has maintained an obsessional level of privacy around his personal life, avoiding the pitfalls of oligarchs such as Roman Abramovich or Deripaska.”

  • The death of a major political donor was a key factor in changing this year’s list.
  • In March 2020, Forbes released its annual billionaires list, which ranks the richest people on Earth by net worth.
  • His net worth has taken a huge hit recently, by about $13 billion, dropping him nine places on the list.

Jeff Bezos currently operates in 11 countries across Europe and received regulatory approval to complete a $7.6 billion merger with JustEat in April. Facing the steepest losses belong to investing luminary Warren Buffett, whose net worth has dropped over $9 billion over the past year. At year-end 2019 Buffett was a 11% shareholder in Delta Airlines. Ortega learned to sew shirts by hand before launching his own fast-fashion business with first wife Rosalía Mera. The Chan Zuckerberg Initiative, the philanthropy that the Facebook founder runs with wife Priscilla Chan, has gotten involved in the COVID-19 pandemic. The foundation recently announced a $13.6 million program to study the virus’s spread in Northern California. Another $5 million has been earmarked for distance learning and other education-related needs stemming from the coronavirus lockdown.

Overall, 77 of the world’s billionaires have made public contributions related to the COVID-19 pandemic, just a fraction of the world’s ultra-rich. His donation, which was placed in a donor-advised fund called Start Small LLC, is more than four times higher than any other billionaire. That said, after the pandemic, Dorsey also stated that this money may also go towards girl’s health and education, as well as universal basic income . Twitter CEO Jack Dorsey is donating roughly 25% of his net worth to COVID-19 in the form of Square stock, valued at $1B.

How Qatar is so rich?

Qatar is a World Bank high-income economy, backed by the world’s third-largest natural gas reserves and oil reserves. For its size, Qatar wields disproportionate influence in the world, and has been identified as a middle power.

However, he’s one of the only individuals on this list who’s net worth hasn’t increased in Q2 and Q3 of 2020; which has pushed him down to 19th. Michael Bloomberg added another $14 billion to his net worth earlier this year, which caused him to move up to 11th on this list.

There were also instances where families are considered the ‘richest people’ in their country. For the sake of simplicity we have formatted these families in the same way we have formatted individuals. Concerning the qualifications our research focussed on undergraduate degrees. We have not included information on master’s degrees, doctorates or any other type of post-graduate degree. There were several instances where we could find evidence of a person gaining a degree but could not find what the degree was in.