The following are the top 10 richest men in the world based on Forbes Magazine world’s billionaire list 2020. Jeff Bezos leads the way for the 3rd year running with Bill Gates in 2nd place. Bernard Arnault completes the top 3.
- Jeff Bezos
Net Worth: $113 Billion
The richest man in the world currently is Amazon founder and CEO, Jeff Bezos. Despite his expensive split from his ex-wife recently, he retains his title as the richest man in the world for the 3rd year in a row. Jeff Bezos was born on the 12th of January 1964 in Albuquerque but grew up in Houston, and later Miami. He attended Princeton University and graduated in 1986 with a degree in electrical engineering and computer science. After graduating from Princeton, he took on several jobs on Wall Street before setting up Amazon in 1994.
Amazon started as an online bookstore before it was expanded to include a wide variety of e-commerce services and products. Today it is the largest online sales company in the world and the largest internet company by revenue. Apart from Amazon, Bezos is also involved in other ventures. He founded Blue Origin in 2000. Blue Origin is an aerospace manufacturer and sub-orbital spaceflight services company. In 2013, Bezos bought the Washington Post, a major American newspaper for $250 million.
- Bill Gates
Net Worth: $98 Billion
Bill Gates was born to William Henry Gates III on the 28th of October, 1955. He is a software developer, business mogul and philanthropist. He is popular as the co-founder of tech company Microsoft. He was the company’s largest individual shareholder until 2014. He sold most of his shares in the company, retaining just 1%. He held several positions including Chairman, CEO, President and Chief Software Architect during his time at the company.
Bill Gates was born and raised in Seattle, Washington. He enrolled at Harvard in 1973 but eventually dropped out. In 1975, Bill Gates co-founded Microsoft with his childhood friend Paul Allen. The company eventually grew to become the world’s largest personal computer software company. Bill Gates served in different capacities at Microsoft before walking away from the company to focus on his philanthropic endeavours.
- Bernard Arnault & Family
Net Worth: $76 Billion
The 3rd richest man in the world is French billionaire, Bernard Jean Etienne Arnault. He was born on the 5th of March, 1949 in Roubaix, France. He attended Lycee Maxence Van Der Meersch in Roubaix, and Lycee Faidherbe in Lille. Arnault graduated from Ecole Polytechnique in 1971 and began working in his father’s company, Ferret-Savinel. He later became the company’s president from 1978 to 1984.
In 1984, Arnault acquired a luxury goods company called Financiere Agache. He became CEO of the company. Later Arnault took control of a distressed textile company called Boussac Saint-Freres. As a result of this acquisition, Arnault became the owner of Christian Dior and Len Bon Marche, a department store.
In 1988, Arnault formed a holding company with Guinness that held 24% of LVMH’s shares. He has since increased his share hold to 43.5% and also has 35% of the company’s voting rights. He was elected Chairman of the company in 1989 and has led the company ever since. Today, LVMH Moet Hennessy – Louis Vuitton SE is the largest luxury goods company in the world.
- Warren Buffet
Net Worth: $67.5 Billion
In 4th place on this list of top 10 richest men in the world is Warren Edward Buffet. He is an investor, business tycoon, and philanthropist. Buffet was born in Omaha, Nebraska on the 30th of August, 1930. He developed an interest in business at an early age.
Buffet Graduated from the University of Nebraska at the age of 19. He then proceeded to Columbia Business School. He also attended the New York Institute of Finance. After this, he started various business partnerships. In 1956, Buffet created Buffet Partnership Ltd. The firm went on to acquire a textile manufacturing firm called Berkshire Hathaway. The Berkshire Hathaway name was then used to create a diversified holding company.
Since 1970, Buffet has been the Chairman and largest shareholder of Berkshire Hathaway. Berkshire Hathaway owns over 60 companies. Some of the companies owned by Berkshire Hathaway include; Geico, Duracell, and Dairy Queen.
- Larry Ellison
Net Worth: $59 Billion
Larry Ellison was born Lawrence Joseph Ellison on the 17th of August, 1944 in New York City. His biological parents were not married so his biological mum gave Ellison up to be adopted by her aunt. Ellison was just 9 months old at that time. Thus Ellison moved to Chicago’s South Shore.
For his high school education, Ellison attended South Shore High school in Chicago. After graduating high school, he proceeded to the University of Illinois at Urbana-Champaign where he was enrolled as a premed student. While there he was named science student of the year but withdrew from the school after his second year. This was due to the death of his adoptive mother.
In 1966, Ellison attended the University of Chicago for only one term. He was studying Physics and Mathematics and left the university without taking any exams. Later, Ellison took up employment at Ampex. While working at Ampex, he was influenced by the research of Edgar F. Codd on relational database design. This led to the founding of Oracle Corporation in 1977.
Ellison co-founded Oracle with Bob Miner and Ed Oates. The company was initially called Software Development Laboratories (SDL). Today it is one of the largest software companies in the world. Ellison is currently the Executive Chairman and Chief Technology Officer (CTO) of Oracle.
- Amancio Ortega
Net Worth: $55.1 Billion
Born on the 28th of March 1936, Amancio Ortega is a Spanish billionaire businessman. His parents had 4 children and Amancio was the youngest. Amancio spent his childhood in Leon where he was born. At the age of 14, he left Leon for A Coruna as a result of his father’s work as a railway worker.
Not long after arriving in A Coruna, Amancio became employed as a shop hand for a local shirtmaker called Gala. It was here that Amancio learned how to make clothes by hand. Today, Amancio is famous as the founder and former chairman of the Inditex fashion group. The group includes the popular Zara clothing and accessories store chain.
- Mark Zuckerberg
Net Worth: $54.7 Billion
Mark Zuckerberg is popular as the co-founder and CEO of Facebook. Mark was born on the 14th of May, 1984 in White Plains, New York. He grew up with his 3 sisters in Dobbs Ferry, New York. Mark attended Ardsley High School but transferred to Philips Exeter Academy, a private school after 2 years. He excelled at both schools and won prizes in Mathematics, Astronomy, Physics, and Classical studies while he was at Philips Exeter.
Mark began using computers and writing software while in middle school. His father taught him Atari BASIC programming and later hired a private software developer for him. Mark was already famous as a programming prodigy by the time he arrived at Harvard in 2002. He was admitted to study Psychology and Computer Science in the school.
Mark launched Facebook from his dormitory room on the 4th of February 2004 along with the other founders. After the launch of Facebook, Mark dropped out of Harvard to focus on the project. He was in his 2nd year at that time. Today, Facebook has grown into one of the biggest companies in the world.
- Jim Walton
Net Worth: $54.6 Billion
Jim Walton is the youngest son of Walmart founder, Sam Walton. Jim whose real name is James Carr Walton was born on the 7th of June 1948 in Newport, Jackson County, Arkansas. Jim graduated from Bentonville High School in 1965. He then proceeded to the University of Arkansas where he received a bachelor’s degree in Business Administration in Marketing in 1971.
In 1972, Jim joined Walmart and was involved in the company’s real estate dealings. He left Walmart to become president of the family-owned Walton Enterprises in 1975. In 2015, Jim replaced his late brother, John, on the Walmart Board of Directors.
- Rob Walton
Net Worth: $54.1 Billion
Samuel Robson Walton is the eldest son of Sam Walton, founder of Walmart. He was born on the 28th of October, 1944 in Tulsa, Oklahoma. Samuel graduated from The College of Wooster after which he proceeded to the University of Arkansas. He graduated with a bachelor’s degree in Business Administration in 1966. In 1969, he received his Juris Doctor degree from Columbia Law School.
In 1978, Rob Joined Walmart as a senior vice president. He was named chairman of Walmart’s board of directors in 1992, days after the death of his father Sam.
- Steve Ballmer
Net Worth: $52.7 Billion
Steve Anthony Ballmer was born in Detroit, Michigan on the 24th of March, 1956. He grew up in Farmington Hills, Michigan. Ballmer lived in Brussels from 1964 to 1967. While in Brussels, he attended the International School of Brussels.
In 1973, Ballmer took college prep and engineering classes at Lawrence Technological University. He was valedictorian when he graduated from Detroit Country Day School in Beverly Hills. Ballmer later got admitted into Harvard University and graduated in 1977 with a Bachelor’s of Arts in mathematics and economics.
Ballmer when enrolled at an MBA program at Stanford University when he was hired by Bill Gates. He left the program at Stanford and joined Microsoft. In 1998. He became president of Microsoft and eventually replaced Bill Gates as CEO in 2000. He left his role as Microsoft CEO in 2014 after 14 years. Ballmer is currently the owner of Los Angeles Clippers, an NBA basketball team.
Conclusion (Top 10 Richest Men In The World)
That rounds of this list of top 10 richest men in the world. These men own some of the biggest companies in the world. Amazon, Microsoft, Facebook, Oracle are some of the popular companies owned by individuals featured on this list.