They are all super rich. They own hundreds of billions of dollars. It is said that half of the world’s wealth is in their hands. However, the control of the world’s largest business organizations is in their hands. Apart from fashion industry, rocket business, technology company, online market, telecom business, you will be surprised to know how many types of business they have. All of them are business tycoons. Who are the top rich people who built mountains of money from any business?
His business deals in luxury goods including luxury clothes, perfumes
French national Bernard Arnault is the chief executive officer (CEO) and chairman of LVMH, the world’s largest luxury goods manufacturer. LVMH’s famous brands include Louis Vuitton, Hennessy, Marc Jacobs, Christian Dior, Tiffany & Company and Sephora. In 1987, Arnault entered the luxury goods market through LVMH. Besides building this company, he invested in many companies. According to the Bloomberg Billionaires Index, most of Arnold’s wealth comes from his partnership with Christian Dior; It controls 41.4 percent of LVMH. Christian Dior is 97.5 percent owned by Bernard Arnault and his family. In addition to wine, champagne to watches, jewelry, cosmetics or leather goods; Arnold’s Company sells all types of luxury products. Other assets include $32.3 billion in Moellis & Company. In life, Arnault worked for his father’s construction company Ferret-Savinel. Here is his first business venture. He took charge of the company in 1971. In 1979, he transformed it into a real estate company named Ferinel Inc. In 1984, Arnault invested in the luxury goods market. Christian eventually sold all assets except Dior and Le Bon and made a major investment in LVMH in 1987. According to the Bloomberg Billionaires Index, his net worth is currently $222.9 billion.
Elon Musk has electric car and rocket businesses
Elon Musk is one of the richest people in the world. Born in South Africa. His interests include robots, solar energy, cryptocurrencies and climate. Elon Musk studied at a university in Canada before transferring to the University of Pennsylvania. Here he obtained degrees in physics and economics. Founder of famous companies like electric car maker Tesla and space research company SpaceX. Elon Musk’s name is associated with several big companies including Tesla, PayPal. The co-founder of the popular means of money exchange, PayPal, is also the inventor of the super-fast hyperloop, a fictional high-speed transportation system. According to the World Bank, Elon Musk’s wealth is greater than the GDP of countries like Colombia, Finland, Pakistan, Chile and Portugal. According to Forbes, Musk has taken himself to new limits in terms of wealth acquisition. However, according to the Bloomberg Billionaires Index, in 2023, Musk will be the second richest person in the world. His net worth is 187.9 billion US dollars. It is known that Elon Musk’s wealth has increased throughout the year thanks to Tesla. Elon Musk has made maximum use of solar energy. Built a car that does not need gas, runs without a driver. Apart from this, he owns the rocket manufacturer SpaceX and some other famous companies. But recently, he has been overtaken by the world’s richest man, Bernard Arnault. This is not the first time though. Earlier in 2021, Musk had similarly dropped to number two. According to the Bloomberg Billionaires Index, Musk has lost nearly $100 million in Twitter-related turmoil. As a result of which he had to suddenly fall from the first place in the list. And according to last year’s data, Elon Musk set another precedent in 2022. That is the example of losing wealth. Elon Musk earned nearly $200 billion last year.
The online market is completely under his control
Jeff Bezos founded Amazon.com in 1994 in America. Now he is the chairman of Amazon. Bezos originally got the idea of online business from David E. Shaw. David E. Shaw was his former boss. The rise of online shop Amazon from that idea. According to the Bloomberg Billionaires Index, Jeff Bezos’ net worth is $125.1 billion. But do you know the source of this huge wealth? E-commerce company Amazon. Bezos’ wealth has reportedly increased since 1998. Amazon originally started by selling books online. Since then it has become an all under one roof i.e. a one-stop shop. Most of this billionaire’s personal wealth is in Amazon shares; Which contributed to increase his wealth by 90 percent. The remaining 10 percent comes from space company Blue Origin and top media outlet The Washington Post. His Amazon has become the world’s first “trillion dollar company” from selling old books on the Internet. It is expected to overtake Walmart as the world’s largest retailer by 2024. Even Amazon has not been freed from the impact of Corona. This American entrepreneur lost 2.10 billion USD net worth during the outbreak of the Corona virus.
The top rich has become a software business
For 13 years, Bill Gates, the co-founder of the software giant Microsoft, held the position of the world’s richest man. He is one of the top richest people in the world. Bill Gates is also the co-founder of the charitable organization Bill & Melinda Gates Foundation. The modern world saw the computing software Microsoft by his hand. Bill Gates and Paul Allen founded Microsoft together in 1975. In 1980 they created the operating software MS-DOS. Their operating system creates confidence among users in the market. In a short time they released Microsoft Windows in the market. Microsoft Windows gave a huge response.
In 1986, for the first time, Microsoft entered the capital market. In 1990, the company brought one technology company after another to expand its business along with operating software. Bill Gates stepped down as CEO of Microsoft in 2000. At that time, Microsoft reached the sky of success. Bill Gates became the richest man in the world. He is in the fifth place in the list of Forbes magazine. Despite the Corona outbreak, the net worth of this US entrepreneur in the technology sector has increased by 588 million US dollars. According to the Bloomberg Billionaires Index, his net worth is currently $109.9 billion.
Warren Buffett owns more than 60 businesses
Warren Buffett is the best investor of all time. He is a renowned philanthropist. He has pledged to donate 99 percent of his wealth to philanthropic causes. He is in the top six on the Bloomberg Billionaires Index. He bought his first share at the age of 11. Filed his first tax return in 1944 at the age of 14. Buffett once worked as a hawker. He used to sell newspapers and books. Even worked in a grocery store. From there the business flows. Gradually become the best investor in the world. He owns 60 companies including Berkshire Hathaway, insurance company Zeico, battery maker Durcell and Dairy Queen. According to the Bloomberg Billionaires Index, his net worth is $109.7 billion.
He is the king of real estate business
Born in Mexico in 1940, Carlos Slim Helu is one of the richest people in the world. Slim controls America Mobile, a Latin American telecom company. In 1990, he bought a stake in the Mexican phone company Telmex. The period from 1991 to 1996 was very important in his life. During this time he signed contracts with France Telecom and Southwestern Bell Corporation. Apart from this, Slim is involved in various businesses including real estate, consumer goods, mining. At one point he owned a 17 percent stake in The New York Times. Slim and his family own 79 percent of Grupo Curso, one of Latin America’s largest conglomerates. According to the Bloomberg Billionaires Index, his net worth is $93.2 billion.
Google co-founder Larry Page’s mountain of money
Computer scientist Larry Page. Like many others on the list, Larry Page started his journey to fame in a dorm room. While studying at Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving Internet data. In 1998, he and Sergey Brin founded the search engine Google. Larry Page is the inventor of PageRank. It is better known as Google’s search ranking algorithm. Page served as the company’s chief executive (CEO) until 2001. He was the chief executive of the company from 2011 to 2019. The co-founder of Google is in the top ten in the Bloomberg Billionaires Index. According to Forbes, Larry Page’s net worth is $93.1 billion.
Larry Ellison’s big investment in technology business
Larry Ellison co-founded the software company Oracle. At one time, he worked in creating database in Amdal Corporation of America. Using that experience, he built a software development laboratory in 1977. Later it was named Oracle. That’s Oracle co-founder, CEO and chief technology officer Larry Ellison. In 1990, Oracle Corporation was on the brink of bankruptcy. At that time, Larry went through many ups and downs and brought Oracle to the list of top technology companies. And till 2014 he managed it as the chief executive officer. Oracle is the world’s second-largest software company, providing a variety of cloud computing programs as well as Java and Linux code and the Oracle Xadata computing platform. Since its inception, Oracle has acquired several large companies. One of them was Sun Microsystems. They bought it in 2010. In 2012, Ellison bought the Hawaiian island of Lanai for $300 million. He moved to the island from California in 2020. Ellison also invested in Tesla. He served as a member of the board of directors of the electric car company from 2018 to August 2022. According to the Bloomberg Billionaires Index, Larry Ellison’s net worth is $120.5 billion.
He has many businesses including telecom, energy
66-year-old Mukesh Ambani is the chairman and managing director of Reliance Industries, India’s top industrial group. His schoolteacher father spent his childhood in poverty. Mukesh Ambani went in search of work to restore the family’s financial well-being. Transfer to Yemen’s port city of Aden. There he started working in an oil company for 300 rupees. The job was to fill gas and collect money. He did well in the oil business while working. Then came to motherland India. He is the only Asian in the world’s top richest list. Mukesh Ambani joined the family business in the early eighties. He started yarn business in 1980 as a small textile mill owner. Tila Tila built this Indian top business company. Currently, he runs this company, which has a business of about 10,400 million dollars. It has businesses in Petrochemical, Oil & Gas, Telecom and Retail. Reliance Industries also owns Network 18, licenses to Forbes Media and the Mandarin Oriental Hotel in New York. His father Dhirubhai Ambani is the founder of Reliance. After their father’s death in 2002, Ambani and his younger brother Anil shared the family business. According to the Bloomberg Billionaires Index, his net worth is $89 billion.
Microsoft makes him one of the richest people in the world
Microsoft’s former chief executive officer (CEO) Steve Ballmer. He joined Microsoft in 1980 as a business manager. He studied in the same class with Bill Gates at Harvard University. Two lived on the same floor. After that, the two managed the Microsoft company shoulder to shoulder. Ballmer was Bill Gates’ 30th hire at Microsoft. He was initially offered a salary of US$50,000. At the same time some share of ownership in the company is also given. When Microsoft Inc. was founded in 1981, its stake was 8 percent. He was the CEO of Microsoft from 2000 to 2014. In addition, Ballmer oversaw the $8.5 billion purchase of Skype for Microsoft in 2011. Ballmer owns approximately 4 percent of Microsoft, making him the software giant’s largest individual shareholder. After retiring from Microsoft, he bought the Los Angeles Clippers basketball team for $200 million. That price was a record for any NBA team at the time. According to Forbes, Steve Ballmer is on the tenth position in the world’s top 10 richest people. According to the Bloomberg Billionaires Index, his net worth is $91.6 billion.
