There are more billionaires than ever and they are richer than ever too. That’s according to Forbes’ annual ranking of the world’s billionaires, published a few days ago. There are a record 2,208 billionaires in the world, up from 2,043 in 2017, according to Forbes. And the average wealth of the billionaires is $4.1 billion, a record high.
Taken together, the billionaires of the world are worth $9.1 trillion, up from $7.7 trillion last year, Forbes reports. “The superrich continue to get richer, widening the gap between them and everyone else,” according to a Forbes statement. Also, according to Forbes, the richest 400 Americans were worth $93 billion in 1982. And in 2017, Forbes tallied that group at $2.4 trillion.
More than 2,200 billionaires made the Forbes list and their combined net worth is $9.1 trillion which is equal to approximately half the GDP of the United States, the world’s largest economy. Many of the top spots on the list are held by self-made entrepreneurs. Indeed, 67 percent (1490) of the world’s billionaires are self-made, according to Forbes.
This year, 259 newcomers were added to the list and the number of women rose to 256, up from 227 in 2017. Alice Walton, daughter of Walmart founder Sam Walton, is the richest woman on the list with a fortune of $46 billion.
The United States is home to the greatest number of billionaires, with 585, followed by Greater China (including mainland China, Hong Kong, Macau and Taiwan) with 476, Germany with 123, India with 119 and Russia with 102. California alone has 144 billionaires, more than any single country besides the U.S. and China.
Here’s the top 10 list:
- Jeff Bezos | Amazon | $112 billion
- Bill Gates | Microsoft | $90 billion
- Warren Buffett | Berkshire Hathaway | $84 billion
- Bernard Arnault & family | LVMH | $72.2 billion
- Mark Zuckerberg | Facebook | $71 billion
- Amancio Ortega | Zara | $70 billion
- Carlos Slim Helu & family | telecom |$67.1 billion
- Charles Koch | Koch Industries |$60 billion
- David Koch | Koch Industries | $60 billion
- Larry Ellison | software | $58.5 billion
Who is the richest woman in the world?
Following the death of French heiress Liliane Bettencourt of L’Oréal fortune in 2017, two women are now considered as the richest women in the world. One is Walmart heiress Alice Walton, who has a net worth of about $46 billion in March, according to Forbes. And the other is Bettencourt’s daughter Francoise Bettencourt Meyers, the 64-year-old heiress who now has a net worth of $42.2 billion, according to Forbes.
Though she rarely gives interviews or appears in front of the media, Bettencourt’s daughter is known as an academic and an avid pianist according to Bloomberg. Bettencourt passed away at age 94 in September 2017 at a time when she was worth about $39.5 billion and among the top 20 richest people in the world overall, according to Forbes. Her father, Eugene Schueller, founded the iconic cosmetics company L’Oréal in 1907, and Bettencourt owned a third of the makeup brand with her children.
Who is the richest woman in India?
Eight Indian women have featured in this year’s Forbes list of the world’s richest people. Forbes’s 2018 World’s Billionaires List includes a total of 256 women billionaires—an all-time high.
The collective net worth of the women billionaires in the list topped $1 trillion, up 20% since last year. Though most of the women at the top of the list inherited their fortunes, the number of self-made women reached 72 for the first time, up from 56 a year ago, Forbes said.
Among the Indian women billionaires on the Forbes list, Savitri Jindal and family is the richest with a fortune of $8.8 billion. She is ranked 176th globally.
Who is the richest man in India?
India has the third-highest number of billionaires in the world, only behind the United States (585) and China (373), as per an annual listing by business magazine Forbes. It may be noted that India has added 19 more billionaires to reach 121 from last time’s 102 billionaires, making it the third largest group of ultra-rich in the world. Mukesh Ambani, who is way ahead of other Indian billionaires in terms of assets, became richer by $16.9 billion in 2018 and enjoys the tag of being India’s richest man. Ambani has considerably improved his rank on the global list after he jumped to 19th spot this year – out of 2,208 listings – as against 33rd position last year. His valuation of assets in 2017 was at $23.2 billion.
Here is a list of the richest Indians on the Forbes list:
- Mukesh Ambani ($40.1 billion, petrochemicals, oil & gas)
- Azim Premji ($18.8 billion, software services)
- Lakshmi Mittal ($18.5 billion, steel)
- Shiv Nadar ($14.6 billion, software services)
- Dilip Shanghvi ($12.8 billion, pharmaceuticals)
- Kumar Birla ($11.8 billion, commodities)
- Uday Kotak ($10.7 billion, banking)
- Radhakishan Damani ($10 billion, investments, retail)
- Gautam Adani ($9.7 billion, commodities, ports)
- Cyrus Poonawalla ($9.1 billion, vaccines)
- Savitri Jindal ($8.8 billion, steel)
- Sunil Mittal ($8.8 billion, telecom)
Richest People In Different Countries
1. Jeff Bezos (Jeffrey Preston Bezos)
Just a few days ago Forbes published a list of more than 2,200 billionaires in the world. With Jeffrey Preston Bezos also know as Jeff Bezos topping the list of billionaires with the Net Worth of $112 billion. He earned most of his wealth from Amazon. According to Forbes, Jeff Bezos’ nearly $40 billion net worth jump is the biggest increase this century.
Responsible for the growth of online shopping and e-commerce, Jeff Bezos made his fortune by founding Amazon.com. The 53-year-old CEO of Amazon launched the retail giant in 1994 after leaving his New York hedge fund job. Initially, an online book retailer operated out of Bezos’s garage in Seattle, Amazon.com grew to become the world’s largest online shopping retailer, now worth over $430 billion, according to CNBC.
Bezos also owns a private space company Blue Origin and purchased The Washington Post in 2013 for $250 million. Amazon bought the upscale grocery chain Whole Foods in June for an estimated $13.7 billion.
Bezos’s parents, Jackie and Mike Bezos, operate the Bezos Family Foundation, which supports youth education.
A lot of people were surprised when Amazon CEO Jeff Bezos bought the Washington Post. At the time, the Post was a legacy media facing years of decline, while Bezos had no prior experience in the newspaper business. But in less than three years, Bezos has completely changed the outlook of the 140-year old newspaper. Its readership has exploded and its content has become more suitable for the digital world.
Net worth: $112 billion
2. Bill Gates (William Henry Gates III)
Next to Jeff Bezos is Bill Gates. He was slipped down by one place from first place in 2017 to second in 2018 with the increase in his Net Worth to $ 90 billion. Gates has been the richest person in the world for 18 of the past 24 years.
Born in Seattle, Gates used his first computer in 1967 while a kid in school. And about a decade later, he and his childhood friend Paul Allen, who also developed an interest in computers at their school, co-founded Microsoft together in 1975.
Bill, who is America’s Former richest person, and the world’s Former richest person. The Microsoft co-founder stepped down as the company’s CEO in 2000 but has stayed on as its chairman, though since 2006 that role has been part-time. Most of his time is now devoted to the Bill & Melinda Gates Foundation, which looks into how it can give away his fortune. Gates is still a member of the board and serves as a technology adviser for the company.
Gates and his wife, Melinda, co-chair the Bill and Melinda Gates Foundation, which is the world’s largest private charity. The foundation, launched in 1999, focuses on ending infectious diseases around the world, including HIV and malaria.
Outside of Microsoft, Gates is a public figure who, along with Warren Buffett and Mark Zuckerberg, founded “The Giving Pledge” to encourage other billionaires to donate a hefty amount of their wealth to charity. His charitable foundation focuses on health and development issues across the world.
An influential figure, the 61-year-old also releases a list of his favorite books each year.
Net worth: $90 billion
3. Warren Buffet
At number 3 of Forbes Top, 10 Billionaires list is Warren Buffet with the net worth of $84 billion. Known as the “Oracle of Omaha,” Warren Buffett is one of the most successful investors of all time.
Berkshire Hathaway CEO Warren Buffett is an iconic figure and investment genius who bought his first stock when he was just 11 years old and filed his first taxes at age 13. Nicknamed the Oracle of Omaha, Buffett owns more than 60 companies. With Bill Gates, the 87-year-old launched The Giving Pledge in 2010, asking billionaires to donate half their wealth towards charitable causes.
One of the world’s best investors, Warren is also known for his cheap spending habits. In the recently released HBO documentary Becoming Warren Buffett, the 86-year-old billionaire said he typically pays under $4 for breakfast from McDonald’s every morning.
Like his peers, Buffett is a philanthropist and has vowed to give away 99% of his wealth.
Net worth: $84 billion
4. Bernard Arnault
Bernard Arnault and family is at number 4 with the net worth $72 billion. He oversees an empire of 70 brands including Louis Vuitton and Sephora. He bought Christian Dior in 1985.
Bernard Arnault is responsible for many of the world’s most fashionable brands, including Bulgari, Louis Vuitton, Dom Perignon and Sephora. The French billionaire is the chairman and CEO of LVMH, which is the largest luxury goods company in the world.
The 68-year-old began his career as a civil engineer and gained control of his family parent company, Groupe Arnault. In the 1980s, he bought fashion brand Christian Dior — a move that avoided bankruptcy for the brand.
Arnault is an art collector and created the Paris-based Foundation Louis Vuitton, which supports artistic creation in France.
Net worth: $72.2 billion
5. Mark Zuckerberg
With a net worth of $71 billion, Facebook CEO Mark Zuckerberg is at number 5 of the Forbes Top 10 Billionaires list. A Harvard dropout, he founded Facebook in 2004 at the age of 19. He and his wife, Priscilla Chan, have pledged to give away 99 percent of their Facebook stake over their lifetimes.
Zuckerberg, the youngest of the world’s top billionaires at 33, is the chairman and CEO of Facebook in addition to being its co-founder. The 2011 award-winning film The Social Network was based on Zuckerberg’s founding of Facebook while in school, and the subsequent drama that came as a result.
Net worth: $71 billion
6. Amancio Ortega
Europe’s richest man Amancio Ortega has a net worth of $70 billion. In 1975, he co-founded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera in 1975. The 81-year-old father of three earns more than $400 million in dividends a year. He is at number 6 in the Forbes Top 10 Billionaires list.
Amancio Ortega is a Spanish self-made billionaire best known for founding Inditex fashion group, which includes Zara clothing stores. The richest man in Europe, Ortega co-founded Inditex in 1975 with his ex-wife Rosalia Mera, who passed away in 2013.
Ortega, 81, is also the wealthiest retailer in the world and owns 59% of Inditex, which operates 7,000 stores worldwide. He stepped down as chairman of the company in 2011.
Net worth: $70 billion
7. Carlos Slim Helu
At number 7 in the list is Mexico’s Carlos Slim Helu and family with a net worth of $67.1 billion. The 78-year-old is the Honorary Chairman of America Movil which is Latin America’s biggest mobile telecom firm. Telmex, Mexico’s only phone company, is also part of his company. He also owns stakes in Mexican construction, consumer goods, mining and real estate companies and 17 percent of The New York Times. He has six children.
Net worth: $67.1 billion
8. Charles Koch
Charles Koch, CEO of Koch Industries, which is America’s second-largest private company since 1967. His net worth is $60.8 billion. An advocate of criminal justice reform, Charles’ Koch Industries doesn’t ask for a criminal history on initial job applications. The 82-year-old comes from Kansas and has two children. He is at number 8 in the Forbes Top 10 list of Billionaires.
Net worth: $60 billion
9. David Koch
At ninth spot is Executive Vice President of Koch Industries, David Koch, who shares majority control of Koch Industries, US’ second largest private firm, with his brother Charles Koch. A well-known philanthropist, David is a donor to New York’s Lincoln Center and Memorial-Sloan Kettering Cancer Center. The 77-year old lives in New York and has 3 children.
Net worth: $60 billion
10. Larry Ellison
Larry Ellison, CTO, and Founder of Oracle features at number 10 of the Forbes list of top 10 the billionaire for 2018. He gave up the Oracle CEO role in 2014 but still serves as the chairman of the board and chief technology officer. In 2016, the 73-year-old pledged to give $200 million to the University of Southern California for a cancer treatment center.
Net worth: $58.5 billion
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