How much money the 10 richest people in the world made in 2021

5 richest people in the world

Ballmer’s net worth benefitted from the popularity of tech stocks like Microsoft, which this year grew in value by more than 50%. When Ballmer retired from Microsoft, he purchased the Los Angeles Clippers team for $2 billion—a record high for an NBA team at the time. Arnault’s father made millions in the construction business; to get his start, Arnault used $15 million of that fortune to buy Christian Dior. Click here for the full ranking of the Forbes World’s Billionaires list. Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies. More recently, Berkshire Hathaway has invested in large, well-known companies.

The world’s billionaires—only 2,640 individuals—represent almost $12 trln in wealth. His father, Fred Koch, improved a method of refining heavy oil into gasoline in 1927 and started the family business in 1940. The Kansas native owns a 42% stake in the firm, as did his brother David, who died in August 2019. In 1983 Charles and David bought their two other brothers’ stakes in Koch Industries, reportedly for nearly $800 million. His son Chase heads the company’s venture capital arm, which has invested in AI-based neurological diagnosis firm NeuraLight and smart supply chain firm Arkestro. In 2022, Koch put the apartment at 740 Park Avenue on the market; a spokesperson said that she wanted to sell it because she was spending more time at houses in Southampton and Palm Beach.

They’re $200 billion poorer than last year, but still worth $2.1 trillion.

China also saw a decline in the number of its citizens on Forbes’ count, but it still has the second-highest number of billionaires in the world, trailing only the U.S. The new ranking marks a step down for Bezos, who was No. 1 on the 2021 list. A newly proposed tax would also hit America’s roughly 700 billionaires; these households would be subject to a new minimum tax of 20%, ensuring they don’t pay lower tax rates than many lower- and middle-income Americans. Buffett has said he believes America’s wealthiest should pay more in taxes.

5 richest people in the world

In the late 1990s, Llama Co. closed, and in 1998, Walton moved to a ranch in Millsap, Texas, named Walton’s Rocking W Ranch. An avid horse-lover, she was known for having an eye for determining which 2-month-olds would grow to be champion cutters. Walton listed the farm for sale in 2015 and moved to Fort Worth, Texas, citing the need to focus on the Crystal Bridges Museum of American Art, the Bentonville, Arkansas, art museum she founded that opened in 2011. On October 12, 2015, Dell Inc. announced its intent to acquire the enterprise software and storage company EMC Corporation. At $67 billion, it has been labeled the “highest-valued tech acquisition in history”. In 2011, Ortega announced his imminent retirement from Inditex, parent company of the Zara chain, stating that he would ask Inditex vice-president and CEO Pablo Isla to take his place as head.

#121 Charlene de Carvalho-Heineken & family

As per Forbes, nine out of 21 Arab billionaires have dropped their wealth in 2023 compared to 2022. However, their collective wealth has increased https://www.bookstime.com/ from $52.9 billion in 2022 to $53.9 billion in 2023. It’s been a year like no other, and we aren’t talking about the pandemic.

20 Richest Arab Billionaires In The World – Yahoo Finance

20 Richest Arab Billionaires In The World.

Posted: Tue, 07 Nov 2023 20:53:48 GMT [source]

This year there are four people worth $100 billion or more—up from just one (Bezos) on last year’s list. Besides Bezos, Musk and Arnault, there’s Bill Gates, who ranks No. 4 at $124 billion, buoyed by the strength of shares he owns in Microsoft, 5 richest people in the world Canadian National Railway and tractor maker Deere & Company. Arnault still ranks No. 2 richest, but he’s worth about $10 billion less than a month ago as a result of a 5% drop in the price of luxury goods group LVMH’s shares.