As of 2021, there are reportedly 27,755 billionaires on Earth, with an estimated total net worth of $13.1 trillion. Of this amount, 10 wealthiest people worldwide account for $1,153 billion, or roughly 8.8%, which is impressive when considering that they represent around 0.36% billionaires. This article updating the top 5 billionaires according to Forbes world's Billionaire List July 2021.
1. Jeff Bezos
Age -57
Founder and Executive chair: Amazon
Net worth: $177billion
Other Assets: Blue Origin, The Washington Post.
In 1994, Jeff Bezos found (Amazon.com) in a garage in Seattle, shortly after he resigned from the hedge fund giant D.E.Shaw. Through Amazon.com, he Originally Started selling books; it has since morphed into a one-stop-shop for everything under the sun and arguably the world's largest retailer.
Bezos originally took Amazon public in 1997 and became the first man since Bill Gates in 1999 to achieve a net worth of more than $100billion.
Bezos's other projects include aerospace company Blue Origin; The Washington Post, which he purchased in 2013.
On July 20, 2021s, Bezos, his brother Mark Bezos, aviation Pioneer Wally funk, and Dutch student Oliver Daemen completed Blue Origin's first successful crewed flight, reaching an altitude of just above 62 miles before landing safely.
2. Elon Musk
Age - 50
Residence - Austin, Texas
Co-founder and CEO - Tesla
Net-worth - $151billion
Other Assets: Space Exploration Technologies and The Boring company.
Elon musk had had in several different companies over the years. Originally enrolled at Stanford University, Musk deferred his attendance to launch zip2, one of the earliest navigation services. A portion of the proceeds from this endeavor was then reinvested to createX.com, an online payment system, and later became PayPal.while both of this system was eventually sold to other companies, Musk has maintained his status as a CEO and lead designer of his third project, Space Exploration Technologies(Space X) which aims to make space exploration more affordable. In 2004 Musk became a major funder of Tesla Motors, which led to him being retroactively declared a co-founder and his current position as CEO of an electric vehicle company.
Tesla also produces energy storage devices, automobile accessories, and solar power systems. In 2016 Musk found two more companies, Neuralink and The Boring company. Neuralink is developing a brain-machine interface device to help individuals have paralysis and potentially allow users to mentally interact with their computers and mobile devices. The Boring Company, Meanwhile, Develops boring machines for drilling tunnels for the underground public transportation systems, which would mitigate traffic congestion control in major cities.
3.Bernard Arnault
Age - 72
Residence - Paris
CEO and chairman - LVMH
Net worth: $150 billion
Other Assets: Moelis & company equity, Hermes Equity, and Carrefour equity.
French national Bernard Arnault is the chair and CEO of LVMH, the world's largest luxury goods company. This business owns some of the biggest brands on Earth, including Louis Vuitton, Hennessey, Marc Jacobs, Sephora, and many more.
An engineer by training, Arnault's business chops became apparent while working for his father's construction firm, Ferret-Savinel, which he would take control of in 1971. He later converted Ferret-Savinel to a real estate company named Ferinel Inc. in 1979.
4.Bill Gates
Age - 65
Residence - Medina, Washington
Co-founder: Microsoft Corporation.
Net worth: $124 billion
Other Assets: Canadian National Railway equity, John Deere Equity, Republic service equity, Ecolab equity, FEMSA Equity, waste management equity, Berkshire Hathaway equity, AutoNation equity, Diageo equity, Arch capital Group equity, Signet Jewelers equity, Televisa equity, Vroom Equity, western Asset, Liberty Global equity, Otter Tail corporation Equity,coca-cola FEMSA equity, Owens Corning Equity.
While attending Harvard university in 1975, Bill Gates worked alongside his childhood friend Paul Allen to develop new software for the original microcomputer. Following this project's success, Gates dropped out of Harvard in his junior year and found Microsoft with Allen.
In addition to being the largest software company globally, Microsoft also produces email services through its Exchange server and sells video game systems and associated peripheral devices.
In 2000, Gates's two philanthropic organizations - the William H . Gates Foundation and the Great Learning Foundation - were merged to create the Melinda Gates Foundation. He and his soon-to-be-ex-wife, Melinda Gates, are co-chairs. Through the foundation ,he has spent billions to fight polio and malaria.
Additionally,he pledged $50 million in 2014 to help fight Ebola. As of 2021,the foundation has spent more than $1.8 billion to combat the Covid-19 pandemic.
5.Mark Zuckerberg
Age - 37
Residence - Palo Alto, Calif.
Co-founder,CEO and chairman: Facebook
Net worth: $97 billion
Other Assets: $2.93 billion in cash and $225 million in real estate
Mark Zuckerberg first developed Facebook alongside fellow students Eduardo Saverin, Dustin Moskovitz, and Chris Hughes while attending Harvard University in 2004. As Facebook began to be used at other universities, Zuckerberg dropped out of Harvard to focus entirely on his growing business. Today, Zuckerberg is the CEO and chairman of Facebook, which had more than 2.8 billion monthly active users in Q1 (quarter)2021.
Facebook is the world's largest social networking service, enabling its users to create a personal profile, connect with friends and family, join to create groups, and much more.
In 2012 Facebook bought Instagram for $1bllion and WhatsApp in 2014 for $19billion.
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