1. Bernard Arnault & family
Net worth: $217.9 B
Bernard Arnault has the largest stake in the luxury goods company LVMH which produces all Louis Vuitton products,TAG Heuer watches. The majority of Arnault’s fortune is derived from a 97.5% stake in Christian Dior, the luxury fashion house. He also owns Christian Dior, Fendi, Bulgari, and others. He controls over 70 luxury brands.
The company recently acquired the famed jeweler, Tiffany & Co. He is an engineer by education and joined his family’s construction business but eventually transitioned to luxury goods.
2. Elon Musk
Net worth: $199.7B
One of the most popular billionaires in the world, Elon Muk co-founded 6 companies including electric car maker, Tesla, space explorer, SpaceX, tunneling startup, Boring company, and Neuralink amongst others. He also has stakes in OpenAI (the parent company of Chatgpt) and has majority ownership over the social media platform, Twitter.
At the age of 12, after teaching himself coding, he made and sold the video game Blaster for $500.
3. Jeff Bezos
Net worth: $124.3B
Bezos is the founder of the e-commerce giant, Amazon. He currently owns less than 10% stake in the company but owns other companies like The Washington Post & Blue Origin.
Currently, Bezos acts as the executive chairman of Amazon after stepping down from the CEO role in 2021. He started his first business in high school along with his then-girlfriend which was called Dream Institute.
In 2020, he became the first man in modern history to accumulate $200 Billion in wealth. His annual take-home salary is estimated to be only $81,840.
According to Business Insider, Bezos’ net worth is greater than the GDP of Iceland, Afghanistan, and Costa Rica — combined.
4. Larry Ellison
Net worth: $113.7B
Larry Ellison is the CTO and Founder of Oracle, the largest supplier of database software and the second-largest supplier of business applications in the world. The company also acquired other software companies, including Sun Microsystems for $7.4 billion in 2010 and NetSuite for $9.3 billion in 2016.
Ellison is a licensed pilot who has owned several aircraft. He is also known for his 98% ownership of Lanai, the sixth-largest Hawaiian island.
5. Warren Buffett
Net worth: $107.6B
Warren Buffett is the legendary investor, CEO & chairman of the conglomerate Berkshire Hathaway. Mr. Buffett, also fondly known as “The Oracle of Omaha” has a net worth of over $108 billion.
Berkshire Hathaway owns dozens of companies, including insurer Geico, battery maker Duracell, and restaurant chain Dairy Queen. He started investing at the age of 11.
He has promised to donate over 99% of his wealth.
Know more about Warren Buffett here.
Interested in how we think about the markets? Read more: Zen And The Art Of Investing
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