Who has the highest net worth

The Real-Time Billionaire Listan annual compilation by Forbes Magazineis a renowned roster detailing the wealthiest individuals worldwide, gauged by their estimated net worth. Released each March, this list offers a comprehensive snapshot of the who has the highest net worth man in the world. The rankings indicate the net worth of individuals in terms of US dollars. It is crucial to note that these lists intentionally omit royalties and political leaders whose wealth is primarily linked to their official roles.

T he billionaire who had been at the top of the Forbes list for more than six months—Elon Musk—had an eventful January. Last year, we found 2, of them for our annual list. Throughout the year, we update their fortunes on a daily basis. Many billionaires hold much of their net worth in the stock of the company they founded or cofounded. As that stock price moves, their fortune moves along with it. The fortune of each is up due to increases in the share price of their respective companies.

Who has the highest net worth

Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. Forbes puts the number of billionaires in the world at 2, in The individuals on this list belong to an even more exclusive club and wield still more power. Many are founders of technology giants, with much of their wealth still invested in the companies they started. These billionaires can, however, still borrow against that wealth to avoid selling stock, deferring or eliminating for heirs taxes on unrealized capital gains in the process. Multi-billionaires can also take advantage of a panoply of tax deductions to offset reported income, leaving some on this list paying no income tax in recent years. With so much of their wealth in publicly traded stocks, the net worth of the richest fluctuates along with the market valuations of the companies they own. Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index. All figures are current as of Feb. Elon Musk is the richest man in the world. He was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor's degrees in physics and economics. Two days after enrolling in a graduate physics program at Stanford University, Musk deferred attendance to launch Zip2, one of the earliest online navigation services. He reinvested a portion of the proceeds from this startup to create X.

Lin Yuan Group. That makes him the most generous billionaire on the planet. Archived from the original on 2 March

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Extreme wealth can be extremely volatile; just look at the huge shifts reflected in the latest definitive list of the world's richest people. Two men have been booted. A few more have seen their fortunes plummet. But a large number of moguls also saw their wealth soar , even as income inequality grew more dramatic and a pandemic ravaged the world. Every year, Forbes attempts to quantify and rank the world's richest people with its annual billionaires list. In April , it released its latest rundown. Here's a countdown of the 20 richest people on the planet by net worth as of spring , as well as a look at who was bounced from Forbes' list.

Who has the highest net worth

The World's Billionaires is an annual ranking of people who are billionaires , i. The list was first published in March Royalty and dictators whose wealth comes from their positions are excluded from these lists. In , Amazon founder Jeff Bezos was ranked at the top for the first time and became the first centibillionaire included in the ranking, [5] surpassing Microsoft founder Bill Gates , who had topped the list 18 of the previous 24 years. In , after topping the list for four years, Bezos was surpassed by Elon Musk. Arnault became the first French person to top the list. Each year, Forbes employs a team of over 50 reporters from a variety of countries to track the activity of the world's wealthiest individuals [7] and sometimes groups or families — who share wealth. 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. Interviews are conducted to vet the figures and improve the estimate of an individual's holdings.

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Retrieved 21 September Berkshire Hathaway. Premium Daily Cover. Their Microsoft possession stake sits at 1. Archived from the original on 2 March He had originally pitched the idea of an online bookstore to his former boss David E. Hong Kong. After dropping out of the University of Chicago in , Ellison moved to California and worked as a computer programmer. Larry Page. However, it was not a good year to be Eike Batista , who fell from seventh to th, suffering the largest net loss of anyone on the list. Archived from the original on 2 December Arnault's five children contribute to various sectors within the expansive LVMH empire. He fell to No. This compensation may impact how and where listings appear.

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Or you could keep it simple and focus on value investing. Article Sources. Diseases of affluence Affluenza Acquired situational narcissism Argumentum ad crumenam Prosperity theology. Retrieved 7 April Use profiles to select personalised advertising. Blackstone Group. If you want to get a little closer to making the richest billionaires rankings, you might need to become a technological innovator or luxury retail mastermind. Sergey Brin stepped down as president of Alphabet, parent company of Google, in December but remains a controlling shareholder and a board member. Forbes Wealth Team. Other Important Articles. Toggle limited content width.