A Breakdown of the Richest People in the World
Every year people look forward to Forbes releasing their annual list of the richest people in the world. Whether it is out of jealousy or amazement at the fortunes that these people have accumulated, we simply can’t take our eyes off it. Here is the breakdown of the top ten in 2018:
10. Larry Ellison – $58.5 Billion
A lot of people on the lists tend to be household names, but not Larry Ellison. He co-founded the American computer technology company Oracle all the way back in 1977 and has been reaping the benefits ever since. In 2016 he used his fortune to donate $200M for a cancer treatment centre at the University of Southern California.
9. David Koch – $60 Billion
Both David and his brother Charles make this list. David comes in just behind at #9. He is a majority shareholder at America’s second largest private firm Koch Industries. The company was founded in 1940 by David’s father with the method to refine heavy oil in to gasoline. David is also a well-known philanthropist.
8. Charles Koch – $60 Billion
David’s brother Charles is also a majority shareholder at Koch Industries. They both own 42% in the business as they bought out their other brothers. Koch Industries now deals with industries such as pipelines and chemicals. David also invests in numerous think tanks.
7. Carlos Slim Helu – $67.1 Billion
Mexico’s richest man. Carlos Slim Helu owns Latin America’s largest telecom business – America Movil. Also with money in construction, consumer goods, mining and real estate in Mexico. He also has a 17% stake in world renowned newspaper the New York Times.
6. Amancio Ortega – $70 Billion
Ortega is Europe’s richest man. He is also the wealthiest retailer in the world. Famous for owning fashion chain Zara, he founded fast-fashion business Intidex back in 1975. He’s used his fortune to invest in real estate across the globe.
5. Mark Zuckerberg – $71 Billion
Owner of the most popular social media platform on the globe, Facebook. He created the website back when he was at Harvard and has been gaining his fortune ever since. He and his wife have pledged that 99% of their Facebook stake will go to charity.
4. Bernard Arnault – $72 Billion
Bernard Arnault’s empire is huge. He and his family own over seventy brands including Louis Vuitton and Sephora. When he bought out Christian Dior his fortune gained $30.5 billion in one year.
3. Warren Buffett – $84 Billion
Warren Buffett is known as being one of the best investors of all time. He currently runs Berkshire Hathaway. They own businesses such as Geico and Duracell. The businessman has committed to giving 99% of his fortune away to charitable causes.
2. Bill Gates – $90 Billion
For a long time he was number one. You’ll be hard pressed to find someone that doesn’t know who Microsoft founder Bill Gates is. He now commits his time to charitable causes such as eliminating polio.
1. Jeff Bezos – $112 Billion
The new number one for 2018 is Amazon owner Jeff Bezos. He founded the company in a Seattle garage back in 1994. His passion is space travel, as he tries to develop a reusable space shuttle that will be able to take passengers in to orbit.