billionaire’s list. In March 2020 Forbes released its annual billionaire’s list, and guess who and who made the billionaire’s list for the 5 richest people in the world?. This billionaire’s list ranks the richest people on Earth by net worth, and we will be bringing you the billionaire’s list of the top 5 richest people on the planet, as of spring 2020.
First, Standing at no 1 is Jeff Bezos with a net worth of $116.9 billion, who is the founder of Amazon.
Amazon.com was founded in 1994 in a garage in Seattle. Amazon.com initially started out selling books. Before it evolved into a one-stop-shop. Where you can get every and anything you want. Amazon is undoubtedly the world’s most important retailer and is. Claimed to be the “earth’s most customer-centric company”. Amazon has expanded over the years with its acquisition of. Whole Foods in 2017, and the Washington Post which he. Acquired in 2013 as well as the launch of its own branded. Over-the-counter drugs in February of 2018.
Ever since Bezos made Amazon public in 1997. The company has grown and coupled with other Bezos projects like aerospace company. Blue Origin and the 10,000-year clock also known as Long Now. Jeff Bezos has gone to become the richest man in the world
Secondly, is Bill Gates, with a net worth of $99.9 billion as the. Co-founder of Microsoft Corp. Bill Gates’s wealth is. Ever-growing and has doubled since 2009. Which has seen his continuous rise to fame. Bill Gates through the Bill & Melinda Gates Foundation. Has spent billions in the fight against polio and malaria. And also pledged $50 million in 2014 to help fight Ebola.
On March 13, 2020, Bill Gates stepped down from the boards of. Microsoft and Berkshire Hathaway.
Barnard Arnault Family
Thirdly, is the Barnard Arnault Family. Who is the owner of LVMH, with a net worth of $91.6 billion.
This French national Barnard Arnault is the chairman and. CEO of LVMH, which stands as the world’s biggest. Luxury goods company. The LVMH company owns some of the biggest brands on. Earth including top brand names like Louis Vuitton, Hennessey. Bulgari, Marc Jacobs, Dior, Sephora, and many others.
In 1984, Arnault acquired luxury goods maker Financiere Agache. Eventually selling all of his holdings excluding. Christian Dior and Le Bon Marche department store. In 1989, he became chairman of the board of LVMH. Barnard Arnault has broad investments including technology and yacht companies.
Also, shinning at the no 4 spots is Warren Buffet, who has been termed the ‘Best investor of the 20th century’ with a net worth of $70.5 billion.
Known as the most famous living value investor, Warren Buffet filed his first tax return in 1994 at the age of 14, declaring his earnings from his boyhood paper route.
He is not known as “The Oracle of Omaha” for nothing. Ranging from buying his first shares in a textile company known as Berkshire Hathaway in 1962, to become the majority shareholder by 1965, he expanded the company to insurance and other investments in 1967. Currently, Berkshire Hathaway is a half-trillion-dollar company, with a single share of a stock trading at over $300,000 per share as of early 2019.
Furthermore, Warren Buffet is known to invest more in undervalued companies which he thinks will pay off 10 years down the road. He gives most of his wealth to charity and is noted as saying that he does not intend to leave his riches to his children. Between 2006 and 2019, Buffet is known to have given back nearly $34.5 billion.
Lastly, Larry Ellison dominates at the no 5 spots as the Chief Technology Officer and Founder of Oracle with a net worth of $62.4 billion.
The database software company, Oracle, was co-founded by Larry Ellison in 1977. In 2014, he stepped down as CEO but is still CTO and chairman of the board. He has also served on the board of Tesla since December 2018.
The 5 richest people outlined here all know the importance of valuing their work ethics and being committed to their companies. If you want to join the Forbes list, there is nothing wrong in learning from the best.