Entrepreneurship

Top 20 Richest Person In The World

richest person in the world

The position of the richest person in the world has never been empty. One after another, a rich business entrepreneur has taken the spot of the richest person on earth.

Forbes, the American  Business magazine, publishes the World’s Billionaires list every year. They compile the list of the richest businessmen and businesswomen in the world and publish the compiled list.

The listing is usually done based on their documented assets and by accounting for them for debt and other different factors. The list of the richest person in the world usually comes out in March, and the first-ever list of the richest man on earth came out back in 1987.

Bill Gates was the richest person on the planet from 1995 to 2010; then again, he claimed the position in 2013 and kept it till 2017. The current individual to own the title of the richest person on earth is Elon Musk.

Here is a small overview of the richest person on earth–

1. Elon Musk

Elon Musk
Age:  51
Nationality: American 
Net Worth: $240.7 Billion
Important Assets: SpaceX, The Boring Company, Twitter.
Famous For Tesla, SpaceX, Twitter ownership

Elon Musk is best known as the founder of Tesla. He is responsible for PayPal. It was his startup X.com that later became known as PayPal. Musk revolutionized the electric vehicle industry with his car manufacturing company, Tesla. He is the richest person in the world.

He also invented his zero-profit organization named SpaceX. Musk is also the owner of SolarCity. Elon Musk also owns Neuralink, The Boring Company, Open Ai, and Tesla Energy are some of his business ventures. Recently, Musk also acquired Twitter.

2. Jeff Bezos

Jeff Bezos
Age: 59
Nationality: American
Net Worth: $154.9 Billion
Important Assets:  Amazon, Blue Origin, The Washington Post
Famous For Amazon

Amazon, founded by Jeff Bezos, is the pioneer of all eCommerce platforms. Jeff Bezos has also acquired the place of the richest person on the planet. Bezos started his eCommerce venture with the intent to sell books online.

Although Bezos pitched the idea to the head of the prestigious book store named D.E Shaw, his ideas were not well received. Bezos then took the risk to start his own eCommerce platform we now know as amazon.  Bezos is the former richest person in the world.

3. Bernard Arnault

Bernard Arnault
Age:  74
Nationality: French
Famous For LVMH
Important Assets: Moelis & Company equity, Hermès equity
Net Worth: $231 billion

Bernard Arnault is the chairperson of LVMH. Several famous fashion brands are known as  LouisVuitton, and Hennesey is under his ownership. Most of his wealth comes from his stake Christian Dior SE.  This holding company controls 41.35% of the whole LVMH.

4. Bill Gates

Bill Gates
Age:  67 Net Worth: $119.3 Billion
Nationality: American
Famous For Microsoft
Important Assets: Cascade Investment LLC

Bill Gates’ love for computers bloomed into the largest software company the world has ever seen. He and his lifelong friend Paul Allen developed the software company we know as Microsoft.  Bill Gates remained the richest person in the world through the virtue of Microsoft. 

Aside from being the richest man on earth, Gates is also known for his charitable work and as an environmentalist.

5. Gautam Adani

Gautam Adani
Age:  61
Nationality: Indian Famous For Adani groupset
Assets: Adani Ports & Special Economic Zone, Adani Green Energy, Adani Total Gas
Worth: 55.7 billion
Important Assets: Adani Ports & Special Economic Zone, Adani Green Energy, Adani Total Gasimportant

The founder of Adani Group, Gautam Adani, became listed in the Forbes magazine as the fourth richest man in the world surpassing Bill Gates. But currently (1st June 2022) he ranks as the 7th richest man on the planet. Adani is close behind Elon Musk, the richest person in the world.

6. Warren Buffet

Warren Buffet
Age:  92
Net Worth: $117.4 Billion 
Famous For Business and Philanthropy
Important Assets: Berkshire Hathaway
Nationality: American

The master investor Warren Buffet returned the first tax of his life at the age of 14. Buffet owned and held the stocks of underdeveloped companies for the long term and acquired immense wealth that way. In 1962, he acquired his first share of a company named Berkshire Hathaway, and he became the major stakeholder of the company in 1965.

7. Larry Page 

Larry Page 
Age: 50 years
Nationality: American
Famous For Google
Net Worth: $119 Billion
Important Assets: Alphabet stakes

Larry Page is the founder of the most used internet search engine named Google. He founded Google in 1998. Now it is the most dominant search engine in the world. As of 2015, Google became a subsidiary of  Alphabet, a holding company.

8. Sergey Brin

Sergey Brin
Age: 50
Nationality: American/Soviet
Famous For Google President of technology
Net Worth: $106.2 Billion
Important Assets: 6% Alphabet stake

Another rich person in the world is Sergey Brin, the owner of the 6% stake in Alphabet. He became the president of the tech at Google in 2001. After Alphabet was established he held the same post at google and acquired a massive amount of wealth.

9. Mukesh Ambani

Mukesh Ambani
Age: 65 years   
Nationality: Indian
Famous For Reliance Industry
Net Worth: $98 billion
Important Assets:  Reliance assets

Son of Dhirubhai Ambani, Mukesh Ambani is the owner of Reliance industries. The textile mill that Dhirubhai Ambani opened in 1966 has been listed on the stock exchange of Mumbai since 1977.

That is where the wealth of Reliance started to grow, making Mukesh Ambani one of the richest persons on the planet. Mukesh Ambani might not be the richest person in the world but he has acquired an immense amount of assets.

10. Steve Ballmer

Steve Ballmer
Age: 66 years 
Nationality: American
Famous For Microsoft CEO
Net Worth: $89 billion
Important Assets: 4% Microsoft assets

Ballmer succeeded Bill Gates as the CEO of Microsoft from 2000 to 2014. He also owns a 45 stake in the Microsoft company. He is also the owner of the Los Angeles Clippers basketball team for $2.

11. Larry Ellison

Larry Ellison 
Age: 79
Nationality: American
Famous For Software company Oracle
Net Worth:  $139.0 Billion
Important Assets: 35% share of Oracle

Larry Ellison is the co-founder and the chairman of the big software company named oracle. His immense wealth is the result of his 35% share in the company. Aside from being the CEO of Oracle, Ellison is also the technology officer of the company.

12. Carlos Slim Helu

Carlos Slim Helu
Age: 82
Nationality: Mexican
Famous For América Móvil, telecom company Net Worth: $81 billion important
Assets: América Móvil, 17% of The New York Times

The richest man in Mexico is Carlos Slim Helu. He and his family control the biggest mobile telecom named América Móvil. He also has a stake in a Mexican mining and construction group. He also owns 17% of The New York Times.

13. Mark Zuckerberg

Mark Zuckerberg
Age: 38
Nationality: American
Famous For Facebook, Meta
Net Worth: $67.7 billion
Important Assets: 12% Facebook stock

Mark Zuckerberg is known for his creation of the social media app named Facebook ( currently termed Meta). Meta also has different platforms like Instagram, Whatsapp, and Messenger under its control.

Elon Musk has surpassed Zukerberg as the richest person in the world. But Zuckerberg still is the founder of one of the first social networking companies in the world.

14. Michael Bloomberg

Michael Bloomberg
Age: 81
Nationality: American  
Famous For Co-Founder of Bloomberg LP, Mayor of New York City
Net Worth: $96.3 Billion
Important Assets: 88% Bloomberg LP

The co-founder of the financial information company named Bloomberg LP is Michael Bloomberg. He owns 88% of the company’s stake. Mr. Bloomberg has also remained the Mayor of New York City for 12 years.

15. Zhong Shanshan

Zhong Shanshan
Age: 67
Nationality: Chinese
Famous For CEO of Nongfu Spring
Net Worth: $65 billion
Important Assets: 84% of Nongfu Spring

A school dropout, Zhong Shanshan is the chairperson of a bottled water company named Nongfu Spring. The company got listed in the Hong Kong stock in 2020. His early life was spent as a construction worker. He is not the richest person in the world, but his growth is inspiring for business people.

16. Jim Walton

Jim Walton
Age: 75
Nationality: American
Famous For Board Member of Walmart, Arvest Banks Chairperson
Net Worth: $67.7 Billion
Important Assets: Walmart, Arvest Bank.

The youngest son of the founder of Walmart is Jim Walton. He is also the chairman of his family’s bank named Arvest Bank. He also used to be one of the board members of Walmart. His immense wealth from Arvest Bank lists him way behind Elon Musk as the richest person in the world.

17. Alice Walton

Alice Walton
Age: 75
Famous For Crystal Bridges Museum of American Art
Nationality: American
Net Worth: $66.0 Billion
Important Assets: Walmart share

Sister of Jim Walton and the only daughter of the Walmart founder Sam Walton, Alice is a collector and curator of arts. She is the founder of the Crystal Bridges Museum of American Art.

18. Rob Walton

Rob Walton
Age: 77   
Nationality: American
Famous For Walmart chairman
Net Worth: $59 billion
Important Assets: Walmart stock

Rob Walton took over for his father as the chairperson of Walmart in 1992. All the Walton siblings own half of the Walmart stocks. The wealth of Walton may not be enough to make him the richest person in the world. But his wealth is near many big named billionaires.

19. Changpeng Zhao

Changpeng Zhao
Age: 46
Nationality: Canadian
Famous For Binance exchange
Net Worth: $13.1 Billion

Changpeng Zhao, also known as CZ, is the founder of the biggest cryptocurrency exchange in the world. Finance is the biggest Cryptocurrency exchange in the world, and CZ is the billionaire with a $17 billion net worth.

20. Francoise Bettencourt Meyers

Francoise Bettencourt Meyers
Age: 70  
Nationality: French
Famous For L’Oreal company CEO, the richest woman in the world
Net Worth: $84.9 Billion
Important Assets: 33% L’Oreal stock

Francoise Bettencourt Meyers may not be the richest person in the world, but she is the richest woman in the world. She is the granddaughter of the founder of the L’Oreal company. She and her company hold 33% of the company.

Frequently Asked Question (FAQs)

If you are looking for any further queries, here are some questions and answers –

Q1. Who Is The No. 1 Richest Person In The World?

Ans: Elon Musk, the confounder of Tesla and the founder of  SpaceX, is the number one richest person in the world. Before him, the position was held by Bill Gates and Jeff Bezos.

Q2. Who Is The 7 Richest Person In The World?

Ans: Here are the seven richest people in the world –
i. Elon Musk
ii. Jeff Bezos
iii. Bill Gates
iv. Warren Buffett
v. Bernard Arnault
vi. Larry Page
vii. Sergey Brin

Q3. Who Is The Richest Indian?

Ans: Gautam Adani of the Adani group and industries is the richest person in India. His business with Adani groups has helped him acquire $112 billion. Some other billionaires from India are – Mukesh Ambani, Shiv Nadar, Lakhsmi Mittal, etc.

Q4. Why Is Elon Musk So Rich?

Ans: The strong business acumen, innovative ideas, and the will to do disruptive industrial work are the main reason behind Elon Musk’s wealth.

Final Words

The list of the richest people in the world keeps changing. If you look at the list a year or two ago, there was another person sitting at the top of the list.

The current list of the richest person in the world is topped by Elon Musk, the founder of Tesla, SpaceX, and several other companies. He is succeeded by Jeff Bezos, Bernard Arnault, Bill Gates, Gautam Adani and so many more. I hope the list above helps you with the information you need.

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Shahnawaz Alam

Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

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According to Wix.com, “By focusing on the unique differences of entrepreneurship, you’ll be able to address your business’ challenges with a deeper awareness of how you should handle them and what types of resources you’ll need.” Once you choose the type of entrepreneurship you want to focus on, you can thus make a more informed decision about your company’s future as you take it to the verge of growth. The Most Common Types Of Entrepreneurship Options According to Indeed, “Learning about the type of entrepreneurship a company follows can help you decide whether you can survive their work culture. The type of entrepreneurship affects the working environment and the qualities of the entrepreneur.” For example, If you love innovation and have the confidence to bring innovative creation to society and make a profit out of it, you cannot choose social entrepreneurship as the latter will not serve the purpose of your dream and passion. In your case, the ideal entrepreneurship option will be to start with technology, as this is where most innovations happen. The following are some of the major types of entrepreneurship options: 1. Small Business Entrepreneurship This entrepreneurship venture is started by one person and comprises a small team that works towards the accomplishment of a particular goal. The company deals with either one product or service with the goal of expanding the franchise. You will be in a position to hire local employees, and you will need to invest your resources directly in the business. Read More: The Types Of Business Insurance Needed For Every Business 2. Large Company Some examples of large companies include Microsoft, Meta, Google, Amazon, Apple, Disney, etc. These companies are always in the process of innovation as they continuously strive to come up with new products and services. They also produce a variety of options in and around their core products and services. They create new subsidiaries within their company, acquire smaller businesses or innovative products, and develop it further. 3. Scalable Startup According to Indeed.com, “This type of entrepreneurship starts with a unique idea that can bring a change. From creating a business plan to launching it, scalable startup entrepreneurship recognises what is missing in the market and creates a solution.” These types of businesses receive their funds from venture capitalists. The funds come based on how much an idea is unique and effective. 4. Innovative Entrepreneurship In this case, too, the foundation of entrepreneurship is based on the uniqueness of an idea and innovation. Such types of entrepreneurs have the capability of thinking about novel ideas to grow the business, and they also possess the ability to convert an idea into a venture and use an innovative solution to make profits. 5. Intrapreneurship An Intrapreneur is not a traditional business but an employee within the company itself. He is self-motivated and extremely action-oriented, and he likes to think out of the box, to work as an entrepreneur within the company. Many companies use this way to support and encourage their employees to develop an entrepreneurial spirit within them, which helps the company as well as the employee in the long run. 6. Social Entrepreneurship According to The First Republic, “Social entrepreneurs have a strong vision for the world, and the financial goals of social entrepreneurs are centered on the company’s mission, often with a focus on effecting social change.” This is one of the major reasons why the success of social entrepreneurs depends a lot on the positive progress toward a particular social issue. The worth of a social entrepreneur is not in finances and profit generation but in solving a social issue. 7. Imitative Entrepreneurship Here, the entrepreneurs get inspired by successful ones and imitate their ideas and theories with their own ventures. This leads to them taking lower amounts of risks with limited sources. It can also happen that an entrepreneur takes up an idea from someone else but does better and develops the idea. Read More: What Is Indemnity Insurance? And Its Different Types – Let’s Discover Wrapping Up If you are an entrepreneur, you will have to lastly decide what type of entrepreneurship you want to pursue with your business. As you choose one of the different types of entrepreneurship options, try to focus on that one fully and prepare to channel your energy fully and efforts into that one. However, you will also need to be aware of the major changes that your venture requires with time, and you shall be responsible, as an entrepreneur, to implement those changes. How much do you think entrepreneurship will change with the increase in the usage of AI? Share your opinions on the matter in the comments section below. Read Also: How To Start An Insurance Company? – Steps You Must Take Lead Management 101: A Comprehensive Guide to Success What Is A Hold Harmless Agreement? – Let’s Take A Look