How the richest people in the world made money: TOP-10 billionaires

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Tech innovators, retailers and investors - talking about the richest people of our time

TOP 10 richest people in the world.

The current year has started successfully for Elon Musk. For the first time, he was able to head the list of the richest people in the world, displacing long-term record holder Jeff Bezos from this position . The founder of Amazon is now in second position in the ranking. Who else was included in the list of the richest people in the world and how the main billionaires of our time earned their fortune, we will tell you in a new article from PaySpace Magazine.

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According to the Bloomberg Billionaire Index, the top 10 richest people in the world are mostly tech innovators, retailers and investors. At the moment, this rating is headed by entrepreneur and engineer Elon Musk.

Elon Musk
$ 208 billion

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Musk is an entrepreneur and techno innovator.

The American businessman made his first millions in 1999 when he struck a $ 307 million deal to sell a startup Zip2, which specialized in developing software for posting news on the Internet. In the same year, the 28-year-old businessman founded X.com (which was later renamed PayPal), then SpaceX launch vehicle development company in 2002 and electric car manufacturer Tesla Motors in 2003.

Also, Elon Musk was a member of the Board of Directors the power company SolarCity, founded by his cousins, to its confluence with the Tesla. In addition, the entrepreneur founded OpenAI, a machine learning technology company, The Boring Company, an infrastructure and tunnel construction company, Neuralink, recently successfully implanted a chip in a monkey's head, and also developed a Hyperloop vacuum train project.

Jeff Bezos
$ 197 billion

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Bezos is the owner of the largest online marketplace in the world.

The founder of the world's largest e-commerce company Amazon, Jeff Bezos, has held his status as the world's richest man since 2017. In addition to online retail, the businessman's sphere of interest is related to space tourism - for this purpose, he founded the aerospace company Blue Origin in 2000. Also in 2013, Bezos became the owner of The Washington Post, buying it for $ 250 million. In addition, the entrepreneur manages various business investments through his own venture capital fund, Bezos Expeditions.

Until 2021, Bezos was the CEO of Amazon. Recently, he announced that he would hand over the reins to the head of Amazon Web Services Andy Yassi, and he himself would take the position of executive chairman of the company.

Bill Gates
$ 134 billion

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Gates is a prominent businessman and philanthropist.

Bill Gates is primarily known as the co-founder of Microsoft, the world's largest software company. The corporation of the same name also owns several subsidiaries: the social network for establishing business contacts LinkedIn, the developer of video games and consoles Xbox Game Studios, the developer of the video communication service Skype Technologies and the largest web service for hosting IT projects and their joint development GitHub.

In addition, the businessman is co-chairman of the Bill & Melinda Gates Foundation, which has donated billions to fight polio and malaria. In 2014, the fund channeled $ 50 million to help fight the Ebola fever, and in 2020 it donated $ 100 million and then another $ 200 million to fight the COVID-19 pandemic.

Bernard Arnault
$ 113 billion

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Arnault is the CEO of the world's largest luxury brand company.

Chairman and CEO of LVMH, the world's largest luxury goods company. This business owns some of the world's largest brands including Louis Vuitton, Givenchy, Hennessy, Marc Jacobs, Sephora and many more. However, most of the fortune of the French businessman is his considerable share in Christian Dior SE - a holding company that controls 41.2% of LVMH. Arnault's shares in Christian Dior SE plus an additional 6.2% in LVMH are held by his family trust Groupe Arnault SE.

An engineer by training, Arno began his career with his father's construction firm Ferret-Savinel, which he took over in 1971. Later in 1979, Arnault transformed Ferret-Savinel into a real estate company called Férinel Inc.

Mark Zuckerberg
$ 101 billion

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Zuckerberg dropped out of Harvard for Facebook

Zuckerberg is the CEO, chairman and co-founder of the world's largest social networking site. He developed Facebook back in 2004 while attending Harvard University with fellow students Eduardo Saverin, Dustin Moskowitz, and Chris Hughes. As Facebook's popularity expanded to other universities, Zuckerberg dropped out of Harvard to focus entirely on the growing project. As of Q3 2020, Facebook has over 2.7 billion active monthly users.

Over 17 years, the company has grown to the eponymous corporation Facebook Inc, which also owns Instagram, the WhatsApp mobile messaging service, the virtual reality headset manufacturer Oculus, the Workplace corporate communications service, the Portal brand of smart displays and videophones, and the Diem cryptocurrency project.

Also, together with his wife Priscilla, Chan Zuckerberg is the founder of the Chan Zuckerberg Initiative, which aims to use technology to correct social shortcomings: improve access and quality of education, reform the criminal justice systems and the US immigration system, increase housing affordability and fight disease.

Zhong Shanshan
$ 92.1 billion

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Shanshan changed several professions before getting rich.

Before becoming the richest man in China, Zhong Shanshan changed several professions. He worked as a construction worker, reporter and beverage manager before starting his own business.

In 1993, he established his first health products company, Yangshengtang, and three years later, the bottled water firm Nongfu Spring. Over the years, the company has expanded to selling coffee and food products, becoming the largest bottled water brand in the country. In 2019, Nongfu Spring was ranked among the top three bottled tea and juice producers in the Chinese market.

In September 2020, Zhong Shanshan ousted Alibaba founder Jack Ma from the first position in the list of the richest people in the PRC. At that time, Shanshan was ranked 18th in the Bloomberg world rankings.

Larry Page
$ 89.4 billion

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Page met future business partner Brin at the university.

Like several other billionaires who made their fortune from technical projects, Larry Page and fellow student Sergey Brin came up with the "million dollar idea" while studying at Stanford University in 1995. The students developed a new type of search engine technology that they named "BackRub" in honor of its ability to parse "secondary links". Three years later, Page and Brin founded Google. In 2015, Alphabet was created, which became the holding company of the search giant. At the end of 2019, Brin and Page left the posts of president and CEO of Alphabet Inc, remaining on the board of directors of the holding and retaining the majority of votes.

Page is also a founding investor of Planetary Resources, which is engaged in the industrial development of asteroids. Originally formed in 2009, the company was acquired by blockchain firm ConsenSys in 2018 due to funding problems.

Warren Buffett
$ 88.2 billion

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Buffett filed his first tax return at age 14.

Warren Buffett is the most famous investor in value (an investment strategy based on identifying undervalued securities through fundamental analysis). He does not take risks with investments, preferring to invest only in well-established companies such as IBM and Apple. Buffett is also a notorious Bitcoin skeptic. So, in 2018, in an interview with CNBC, he called the most popular cryptocurrency in the world - “rat poison in a square” .

Buffett filed his first tax return in 1944 at the age of 14, describing his childhood income. In 1962, the investor bought the first shares - the securities of the textile company Berkshire Hathaway, becoming its majority shareholder three years later. In 1967, he expanded the company's area of interest, mainly in the area of insurance.

One of the largest purchases of Berkshire Hathaway was 700 million shares of Bank of America, the second largest bank in the United States by assets - $ 2.187 trillion as of December 31, 2016. The purchase turned the holding into the largest shareholder of the financial institution.

By the beginning of 2021, Berkshire Hathaway's turnover had grown to half a trillion dollars, and the value of one share - to $ 350 thousand.

Sergey Brin
$ 86.5 billion

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Photo - Brin during the presentation of Google Glass.

After founding Google in 1998, Brin served as president of its parent company until his retirement in 2019. To this day, both Brin and Page remain at Alphabet as co-founders, major shareholders, board members, and employees.

In 2012, Brin participated in the Google Glass project to develop an augmented reality headset (HMD) and demonstrated prototypes of smart glasses. In addition, the businessman was involved in the Waymo self-driving car project.

Brin has also donated millions of dollars to research a cure for Parkinson's disease, partnering with The Michael J. Fox Foundation for Parkinson's Research (founded by the actor of the Back to the Future trilogy) to develop new drugs for the disease.

Steve Ballmer
$ 86.2 billion

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Ballmer owes his fortune to options received from Microsoft.

Ballmer served as CEO of Microsoft Corporation from January 2000 to February 2014. He joined Microsoft in 1980 as an employee after dropping out of the MBA program at Stanford.

Magazine Forbes notes that Ballmer took over the leadership in a difficult period. On March 10, 2000, the dot-com bubble burst (there was a landslide fall in the NASDAQ Composite index of high-tech companies, as a result of which hundreds of Internet companies - "dot-coms" went bankrupt), after which the company tried in vain to bypass its competitors: the search engine Google and Apple in the mobile phone market.

After leaving Microsoft in 2014, Ballmer bought the Los Angeles Clippers basketball club for $ 2 billion. In the same year, he became involved in charitable activities, donating more than $ 2 billion to a fund to fight poverty. Also in 2018, he invested $ 59 million in Social Solutions, which makes software for nonprofits and government agencies. In 2020, Steve Ballmer was shortlisted for the First Dollar Trillionaire by Comparisun, a small business consulting service.

From the Ukrainian rich, the Bloomberg Billionaires Index includes former deputy and industrialist Rinat Akhmetov, whose fortune is estimated at $ 7.42 billion. According to the open register of national public figures PEP, Akhmetov is the beneficial owner of dozens of companies in several countries.

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Last year, Rinat Akhmetov also topped the list of the richest people in Ukraine according to Forbes magazine. Well-known businessmen and "people's representatives" also got into the TOP of domestic moneybags:
  1. Rinat Akhmetov (SCM) - $ 2.8 billion
  2. Victor Pinchuk (Interpipe) - $ 1.4 billion
  3. Petro Poroshenko (Roshen) - $ 1.4 billion
  4. Alexander and Galina Geregi (Epicenter) - $ 1.3 billion
  5. Gennady Bogolyubov (PrivatBank) - $ 1.2 billion
  6. Yuri Kosyuk (MHP) - $ 1.1 billion
  7. Konstantin Zhevago (Ferrexpo) - $ 1.1 billion
  8. Igor Kolomoisky (PrivatBank) - $ 1 billion
  9. Vadim Novinsky (Smart-Holding) - $ 810 million
  10. Alexander Yaroslavsky (DCH) - $ 725 million
  11. Vladimir Krupchak (Arkhangelsk PPM) - $ 660 million
  12. Sergey Tigipko (TAS) - $ 650 million
  13. Dmitry Zaporozhets (GitLab) - $ 650 million
  14. Filya Zhebrovskaya (Farmak) - $ 480 million
  15. Alexey Vadatursky (Nibulon) - $ 450 million
 
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