The 25 Richest People In The World 2020

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The United States had 492 billionaires on the list, the most of any country. China cash basis had the second most billionaires with 152, while Russia was third with 111.

Some members of the Rothschild family appear on the Forbes list. But combined, the family’s wealth amounts to an estimated $2 trillion. Before he was killed and dragged through the streets, Muammar Gadaffi was the leader of Libya.

Under his holding company Grupo Carso, Slim controls over 200 companies with a business portfolio that includes real estate, transportation, manufacturing, education, health care, media, energy and more. Pinault got his start in the timber industry in the early 1960s and bought other companies along the way. In contra asset account 1988, he shifted the focus of the business to retail and changed the name of the company to Pinault-Printemps-Redoute . In 2003, Pinault handed over management of his companies to his 40-year-old son Francois-Henri. Francois Pinault is the founder of the luxury group Kering and the investment company Artemis.

Zuckerberg became the youngest top 10 billionaire this year at the age of 31. Larry Ellison, Charles Koch and David Koch also slipped from their previous year’s positions, with Ellison dropping to seventh from fifth, and the Kochs falling to ninth position from sixth. The king of Thailand, Bhumibol Adulyadej, passed away in fall 2016. But we’re including him on our list because of his immense wealth and the fact that most people don’t realize just how rich he was. He held the throne for 70 years, during which time he compiled all $30 billion of his fortune.

Rob Walton (u S.)

According to the Bloomberg Billionaires Index , 0.001% of the population benefited during the health crisis. This year, the world’s 500 richest people added $ 1.8 trillion to their combined net worth and are now valued at $ 7.6 trillion. Amazon founder Jeff Bezos is at the top of the list, with a net worth of $190 billion. Bezos added more than $75 billion to his wealth in 2020, as the public grew dependent on online top 5 richest people in the world shopping due to COVID-19 restrictions and concern for public health. Arkansas-based Walmart is the largest business in the worldin terms of revenue, with over $485 billion in 2017. Only one billionaire from the Arab world – Saudi Arabia’s Prince Al-Waleed bin Talal – made the top 50. From 2010 to 2013, Helu was the richest gentleman in the world and continues to head up the list for the richest person in Mexico.

This is the 17th time that the founder of Microsoft had claimed the top spot. Amancio Ortega rose from last year’s position of number four to second. Warren Buffett of https://www.bookstime.com/ Berkshire Hathaway came in third for the second consecutive time, while Mexican telecommunication mogul Carlos Slim slipped from last year’s second position to fourth.

Zhong Shanshan , the bottled water mogul Nongfu Spring, became the richest person in Asia. Initial offerings from two of his companies added $ 70.9 billion to his net worth. This year he replaced Mukesh Ambani, who is president, CEO and largest shareholder of Reliance Industries, India’s largest private company conglomerate. Elon Musk had the highest earnings, possibly in the fastest time of wealth creation in history. The owner of SpaceX and Tesla rose to second place after the value of his electric vehicle company soared. In total, the businessman made about $ 144 billion from all of his businesses last year.

Algeria, Lithuania, Tanzania, and Uganda were all represented on the list for the first time. Turkey saw the most people drop off the list, 19, due to a period of high inflation in the country. In the 33rd annual Forbes list of the world’s billionaires, the list included 2,153 billionaires with a total net wealth of $8.7 trillion, down 55 members and $400 billion from 2018. The U.S. continued to have the most billionaires in the world, with a record of 609, while China dropped to 324 .

Net Worth: $98 Billion

His fortune comes from his extensive holding in a number of different Mexican companies through his conglomerate , Grupo Carso. He also accounts for a whopping 40% of the listings on the Mexican Stock Exchange, making his net worth the equivalent to 6% of Mexico’s gross domestic product. This American business magnate is widely regarded as being one of the most successful investors of all time, having amassed a net-worth for $60.8 billion over the QuickBooks years. Mansa Musa — According to his contemporaries, who simply could not fathom his wealth, this African king was the richest man in the world ever. With camel-loads of gold and salt, Mansa Musa’s net worth has been valued by modern-day scholars to be around $400 to $415 billion in modern money. While putting a dollar value on ancient kings might be difficult, we think we have a pretty good list of the top contenders for the richest people ever.

  • The death of a major political donor was a key factor in changing this year’s list.
  • In March 2020, Forbes released its annual billionaires list, which ranks the richest people on Earth by net worth.
  • A record 1,210 billionaires made the 2011 list, representing a combined wealth of $4.5 trillion, up from $3.6 trillion the previous year.
  • One third of the world’s billionaires, 413, came from the United States.

Overall, 77 of the world’s billionaires have made public contributions related to the COVID-19 pandemic, just a fraction of the world’s ultra-rich. The tech company profited highly amid the pandemic as lockdowns and health restrictions forced more people to turn to online shopping.

richest people in the world

Amazingly, the Facebook founder still remains one of the world’s youngest billionaires despite first joining the billionaire club a dozen years ago. The below table shows the fortunes of the world’s 10 richest people, comparing the numbers from March 5, 2019 to the most recent data from April 22, 2020.

American investor Warren Buffett was in the top five for the 20th consecutive year, placing fourth. America’s Christy Walton was the highest ranking woman, placing ninth overall. Aliko Dangote of Nigeria became the first African to enter the top 25, with an estimated net worth of $25 billion. Family fortunes dispersed over a large number of relatives are included only if those individuals' holdings are worth more than a billion dollars. However, when a living individual has dispersed his or her wealth to immediate family members, it is included under a single listing provided that individual is still living. Royal families and dictators that have their wealth contingent on a position are always excluded from these lists. The net worth of the world’s billionaires increased from less than $1 trillion in 2000 to over $7 trillion in 2015.

richest people in the world

As you’re reading this, you probably already have names popping into your head as to who will appear on the list of the richest. In 1977, he founded Oracle, a software company and today he serves as the chairman of the board and the chief technology officer, according to Forbes. Amancio Ortega, 84, was the wealthiest clothing retailer in the world on March 18, with a net worth of $55.1 billion, according to Forbes. In 1975 he and his ex-wife Rosalia Mera founded Inditex, which is best known for the fashion chain Zara, Forbes reported. From mass job losses to not seeing family and friends for months on end, the COVID-19 pandemic has pushed people to their limits in 2020.

richest people in the world

Interviews are conducted to vet the figures and improve the estimate of an individual’s holdings. Finally, positions in a publicly traded stock are priced to market on a date roughly a month before publication. Privately held companies are priced by the prevailing price-to-sales or price-to-earnings ratios.

Preliminary surveys are sent to those who may qualify for the list. According to Forbes, they received three types of responses – some people try to inflate their wealth, others cooperate but leave out details, and some refuse to answer any questions. Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made.

Who is a Quadrillionaire?

A US man almost became the world’s richest person after Paypal accidentally credited his account with $92 quadrillion (£60 quadrillion). The amount would have made him the world’s first quadrillionaire with a wealth over 1,000 times greater than the planet’s entire GDP.

Net Worth: $88 9 Billion

The Asian-Pacific region had 386 billionaires and Europe 366. The list also featured a record number of newcomers, 210, representing 42 countries. 60 people from the 2012 list fell below a billion dollars of assets in 2013, and eight others from the 2012 list died. The Asia-Pacific region had the most drop-offs, with 29, followed by the United States with 16. The 2013 list featured 138 women, of which 50 came from the United States. A majority of the list were entirely self-made; 184 inherited their wealth, and 281 achieved their fortune through a combination of inheritance and business acumen. Vietnam’s Phạm Nhật Vượng was the first person from that country to be included in this list.

From ancient kings to modern monopolists, here’s who we think are the top contenders. And in 2017, Queen Elizabeth knighted him for his philanthropic work. Potanin also was instrumental in the loans-for-shares scheme that put wealthy and well-connected Russians in control of major industries for a fraction of their worth. He is the founder of the Moscow-based Russian conglomerate Interros. How many of these people did you originally expect to be on this list of the richest people in the world? Google, no doubt, has become the most successful search engine in the world, and the company has gone on to make various acquisitions such as YouTube. Google’s success has made Larry Page one of the richest people in the world.

To become one of the world’s wealthiest people is undoubtedly a far-fetched dream for all of us. And while there’s a clear divide in the world of men and women who have made their fortune versus those who were born into it, money is still money. Here’s how some of the richest people in the world made their millions, billions – and potentially trillions. This list shows the top 25 wealthiest billionaires worldwide in March 2020.

As of 2020, Francoise Bettencourt Meyers’ net worth is estimated to be $66.3 billion, which makes her the richest woman in the world. Francoise Bettencourt Meyers became the reigning L’Oreal heiress when her mother, Liliane Bettencourt, passed away in 2017. She now runs the holding company as chairwoman, with her family owning 33% of L’Oreal. Today, Alice Walton’s net worth is estimated to be $64.5 billion, making her the 14th richest person in the world, and the 2nd richest woman in the world. Jim Walton is the son of Sam Walton, who was the founder of the world’s largest retail chain, ‘Walmart’. He is on the Walmart board of directors, and CEO of his own company, Arvest Bank. However, he’s one of the only individuals on this list who’s net worth hasn’t increased in Q2 and Q3 of 2020; which has pushed him down to 19th.

Money

The growth mainly reached those at the very top, where five people now each hold more than $100 billion, with another 20 individuals each worth at least $50 billion. A billionaire is an individual who has assets or a net worth of at least one billion currency units such as dollars, euros or pounds.

Mark Zuckerberg, the founder of Facebook, rose to number 16 with $33.4 billion. Iceland had a billionaire, Thor Bjorgolfsson, in the list after a gap of five years. Guatemala had a billionaire, Mario Lopez Estrada, for the first time in its history. In the 29th annual Forbes list of global billionaires, a record 1,826 billionaires were named with an aggregated net worth of $7.1 trillion compared to $6.4 trillion in the previous year. 46 of the billionaires in this list were under the age of 40.

Top 100 Richest People In The World

Further more, he briefly surpassed his brother Jim recently on this list of the richest people in the world. Let’s find out in this article, where we list the top 25 richest people in the world as of 2020. These are the game-changers, and the people who have helped transform and re-shape the world.

The United States had the greatest number of billionaires with 425. Georgia, Morocco, and Peru were newly represented on the list. Falling stock prices in Asia contributed to 117 former billionaires falling from the list worldwide. A total of 1,645 people made the 2014 billionaire list, representing a combined wealth of $6.4 trillion. Of those, a record 268 were newcomers, surpassing 2008’s 226 newcomers.

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