Top 10 Richest Men in the World 2020

  

 

	Country	Wealth Source	Net Worth 2020 (in USD)
Jeff Bezos	United States	Amazon	113B
Bill Gates	United States	Microsoft	98B
Bernard Arnault & family	France	LVMH	76B
Warren Buffett	United States	Berkshire Hathaway	67.5B
Larry Ellison	United States	Oracle Corporation	59B
Amancio Ortega	Spain	Zara, Inditex	55.1B
Mark Zuckerberg	United States	Facebook	54.7B
Jim Walton	United States	Walmart	54.6B
Alice Walton	United States	Walmart	54.4B
S. Robson Walton	United States	Walmart	54.1B

 

The COVID-19 has created a fascinating paradox in the world economy. On the one hand, millions are out of work. And still, the stock markets are at an all-time high, and some of the wealthiest people in the world have therefore seen their fortunes surge, as our latest visualization makes clear.

 

 

1. Jeff Bezos: Jeff Bezos (Jeffrey Preston Jorgensen) is an American internet entrepreneur, media proprietor, investor and industrialist. He founded e-commerce colossus Amazon in 1994 out of his garage in Seattle, Washington and runs it as CEO. He owned an 11.1% stake when he started Amazon. Amazon company said that the company hired 175,000 additional workers between March and April 2020, amid the pandemic. Jeff said that he would give $100 million to Feed America in April 2020, a non-profit that operates pantries and food banks across the country. Jeff Bezos divorced his wife MacKenzie in 2019 after 25 years and transferred 25% of his Amazon stake to her. In 2019, Amazon notched $280.5 billion in revenues and a record $11.5 billion in net profit. Bezos owns The Blue Origin and Washington Post, an aerospace company that is developing rockets for commercial use.

 

 

2. Bill Gates (William Henry Gates III): Bill Gates (born on October 28, 1955) is an American software developer, philanthropist, and business magnate. He is mostly known as the co-founder of Microsoft. During his career at Microsoft, Gates held the positions of the chief executive officer (CEO), president, chief software architect, and chairman while also being the largest individual shareholder until May 2014. He is one of the best-known pioneers and entrepreneurs of the microcomputer revolution of the 1970s and 1980s. Bill Gates & his wife Melinda chairs the "Bill & Melinda Gates Foundation", and it is the largest private charitable foundation in the world. In May 2020, the Gates Foundation announced it would spend $300 million to fight the coronavirus pandemic, vaccines, funding treatment and detection. He owns just over 1% of shares in Microsoft and invested in a mix of stocks and other assets after given away or sold much of his stake in Microsoft. The Gates Foundation works to create equal opportunity for people around the globe and to improve global health. To date, Gates has donated $35.8 billion worth of Microsoft stock to the Gates Foundation.

 

 

3. Bernard Arnault & family: One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including and Sephora a Louis Vuitton. LVMH made a deal to buy American jeweller company "Tiffany & Co" (the biggest luxury brand acquisition ever) for 16.2 billion dollars in November 2019. LVMH spent USD 3.2 billion in 2019 for luxury hospitality group, Belmond, which owns or manages 46 hotels, trains and river cruises. Bernard Jean Etienne Arnault (born on March 5 1949) is a French billionaire businessman and art collector. He is the chief executive and chairman of LVMH Moet Hennessy - Louis Vuitton SE, the world's largest luxury-goods company. He became one of the wealthiest person in fashion, topping Zara's Amancio Ortega in April 2018. Arnault briefly surpassed Jeff Bezos to become the wealthiest person in the world in December 2019. He again became the world's richest person for a short time in January 2020.

 

 

4. Warren Buffett (Warren Edward Buffett): Warren Buffett (born on August 30, 1930) is one of the most successful investors of all time and known as the "Oracle of Omaha". Warren Buffett runs "Berkshire Hathaway", which owns 60+ companies, including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. The son of a U.S. congressman, he first bought the stock at age 11 and first filed taxes at age 13. He has promised to donate over 99% of his wealth. So far he has given more than $41 billion, mostly to the Gates Foundation and his kids' foundations. In 2010, he and Bill Gates launched the Giving Pledge, asking billionaires to commit to donating at least half of their wealth to charitable causes. He is an American investor, philanthropist, business tycoon. He has a net worth of 78.9 billion dollars as of August 2020, making him the world's fourth-wealthiest person and considered one of the most successful investors in the world and. 

 

 

5. Larry Ellison: Larry Ellison (Lawrence Joseph Ellison) (born on August 17, 1944) is chairman, co-founder and chief technology officer of software giant "Oracle Corporation", of which he owns about 35.4%. He gave up the CEO role of Oracle Corporation in 2014 after 37 years at the helm. In 2016, Oracle Corporation grew in part through steady acquisitions of software companies, the biggest of which was USD 9.3 billion for Netsuite. Ellison pledged USD 200 million to the University of Southern California for a cancer treatment centre in May 2016. Ellison spent 300 million dollars on buying nearly all of Hawaiian island Lanai, and he has built a luxury spa and a hydroponic farm there in 2012. Ellison joined Tesla's board back in December 2018, after purchasing 3 million in Tesla shares earlier that year. He is a philanthropist, American business magnate, investor, and he is the executive chairman, chief technology officer (CTO), and co-founder of Oracle. As of 2020, he was listed by Forbes magazine as the fifth wealthiest in the world. He was named by Forbes magazine as the sixth-wealthiest in the world in 2019, with a fortune of $69.1 billion, increased from $54.5 billion in 2018.

 

 

6. Amancio Ortega: Amancio Ortega Gaona (born on March 28 1936) is the former chairman and founder of "Inditex" fashion group, known for its chain of Zara clothing and accessories shops. Ortega had a net worth of USD 68.3 billion, making him the second-wealthiest person in Europe, and the sixth-wealthiest in the world in December 2019. For a brief period in 2015, he was the richest man in the world, bypassing Bill Gates when his net worth peaked to USD 80 billion as Zara's parent company, Inditex's, stock peaked. Amancio Ortega is one of the richest men in Europe, and Inditex is one of the wealthiest clothing retailers in the world. He co-founded Inditex, with his ex-wife Rosalia Mera in 1975. He owns about 60% of Madrid-listed Inditex, which has eight brands, including 7,500 stores around the world. Ortega typically earns more than USD 400 million in dividends a year. He has invested his tips primarily into real estate in New York, Madrid, Chicago, London, Miami and Barcelona.

 

 

7. Mark Zuckerberg:  Mark Zuckerberg (Mark Elliot Zuckerberg) (born on May 14, 1984) is an American media magnate, philanthropist, and internet entrepreneur. He is known for co-founder and CEO of Facebook, Inc. and serves as its chairman, chief executive officer, and controlling shareholder. He also is a co-founder of the solar sail spacecraft development project breakthrough Starshot and serves as one of its board members. Facebook has become a go-to communications tool during the coronavirus pandemic lockdown. More than 1,000 advertisers joined the boycott in June to protest Facebook's lax policing of hate speech and misleading posts from politicians. Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates. He took Facebook public in May 2012 and still owns about 15% of the stock. In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99 percent of their Facebook stake over their lifetimes.

 

 

8. Jim Walton: Jim Walton is the third child (youngest son) of Walmart co-founder Sam Walton and Helen Walton, with siblings John Walton, Alice Walton, and Rob Walton. He joined Walmart and was involved in its real-estate dealings in 1972. In 1975, After serving for four years, moved to the family-owned Walton Enterprises as a president. He is the chairman of the family's "Arvest Bank", which today boasts assets of more than USD 20 billion. Jim sat on Walmart's board for more than a decade before yielding the seat to his son, Steuart, in June 2016. Collectively, he and other heirs of Sam Walton own about half of Walmart's stock. Jim and sister Alice are spearheading a program that will issue USD 300 million in bonds to help charter schools invest in facilities.

 

 

9. Alice Walton: Alice Walton (Alice Louise Walton) (born on October 7, 1949) is the only daughter of Walmart founder Sam Walton and an American heiress to the fortune of Walmart. She owned over USD 11 billion in Walmart shares in September 2016. As of September 2020, Alice has a net worth of USD 68.8 billion, making her the 9th-richest person and the 1st-richest woman in the world. In 2011, she opened the Crystal Bridges Museum of American Art in her hometown of Bentonville, Arkansas. Crystal Bridges features works from the likes of Andy Warhol, Norman Rockwell and Mark Rothko. In January 2020, she aimed at America's "broken" healthcare system and unveiled plans to open a holistic health institute in Bentonville.

 

 

10. S. Robson Walton: S. Robson Walton (Samuel Robson "Rob" Walton) (born on October 28, 1944) is the eldest son of Walmart co-founder Helen Walton and Sam Walton. He served as Chairman of Walmart from 1992 to 2015. As of September 2020, Walton had a net worth of $68.1 billion, making him the 10th richest person in the world. Robson took over as chairman upon his father's death in 1992 and retired in June 2015, and his son-in-law, Greg Penner replaced him. He and other heirs of Sam Walton collectively own about half of Walmart's stock. To keep up with demand during the Covid-19 pandemic, Walmart hired an additional 4,00,000, mostly temporary workers.