The Top 7 Wealthiest People in the World

By Dickson Osas

The world’s wealthiest individuals have an outsized influence on politics, economics, and charitable giving around the globe. Moreover, the most wealthy members of this group are members of an even more exclusive club, which gives them even more power.

The majority of these billionaires got their start as founders of companies that went on to become industry leaders, and a significant portion of their fortune is still invested in the businesses they created.

The list of the wealthiest people in the world might change from one year to the next depending on the individuals’ most recent net worth and financial performance.

This article analyzes the pathways followed by the seven people whose names are now listed among Forbes’ Real-Time Billionaires to arrive at their present levels of fortune.

List of Richest Person in The World

1. Elon Musk

The founding of Tesla has helped Elon Musk become the wealthiest person in the world at the moment. Musk, on the other hand, has been preoccupied for a considerable amount of time with several other well-known enterprises and has his roots within a group that is known as the “PayPal Mafia.”

Alumni of PayPal, many of whom have gone on to achieve enormous success in their own right, comprised this group. Angel investors and serial entrepreneurs were among those who participated.

2. Bernard Arnault

The Arnaults are the world’s third wealthiest family, with an estimated $138.7 billion in assets.

Seventy of the world’s most recognizable fashion and beauty businesses are under 73-year-old French billionaire Bernard Arnault’s stewardship.

Arnault was born into a well-to-do family; his paternal grandparents ran a prosperous construction company.

3. Jeff Bezos

Jeff Bezos, the founder and CEO of Amazon is the world’s third-richest man, with a net worth estimated at $133.4 billion. Yet, his attitude is unchanged even after divorcing his wife, MacKenzie, in 2019 and handing over a quarter of his Amazon stock to her. In his Seattle garage in 1994, Bezos created Amazon, the world’s largest online retailer. More individuals are shopping online due to the coronavirus outbreak, which has benefited Amazon.com.

4. Bill Gates

Bill Gates is among the world’s wealthiest people, with an estimated net worth of $123.9 billion.

Gates and Paul Allen created Microsoft, a software company that has gained notoriety, in 1975.

In 2021, he and Melinda Gates split after 27 years of marriage.

The duo established the Bill and Melinda Gates Foundation, and they continue to serve as co-chairs today.

5. Larry Page

Larry Page was Google’s CEO from 1998 to 2001, when he stepped down from the position. From 2011 until 2015, he served as CEO and is still a board member and primary shareholder of the company. Alphabet, the tech giant holding company that owns YouTube, Google Play, and Android, as well as the likes of Fitbit and Mandiant, as well as the likes of Looker and Nest, has taken over Google.

6. Gautam Adani

Gautam Adani, promoter of the Adani Group, has partitioned his multimillion-dollar business empire across various industries, including energy, logistics, agriculture, aerospace, and more. The Adani Group is a multinational conglomerate focusing on port operations and developments in India. Due to the success of the Adani Group, Adani has become the wealthiest man in all of Asia.

7. Larry Ellison

Technology development is directly responsible for most of Larry Ellison’s wealth. He established Oracle in 1977 after he had already left college. He was in charge of the business’s rapid ascent from its infancy to become one of the world’s most prosperous software and database companies.

Oracle’s current market valuation is 187.7 billion dollars, and Ellison has maintained a stake in the company equal to or more than 40 percent up to this point.

Ellison amassed his wealth on his own, but because of the considerable investments he made in Tesla before the company’s stratospheric growth, he earned a net gain on his money that was more significant than one thousand percent. 

Wrapping Up 

The world’s wealthiest individuals all have two things in common when it comes to how they amassed their fortunes: first, they all made investments in businesses or founded companies that went on to become worth billions or trillions of dollars; second, they all reaped the benefits of the passage of time and the effect of compounding capital gains.