The Ten Richest Men
A person’s wealth is not easy to measure. Each year Forbes sends out an army of reporters to gather information that considers the assets, and debt, of the richest people in the world to make up their list of billionaires. In 2017, that list surpassed the 2,000 marks with 2,043 people topping one billion dollars in net worth.
10. Michael Bloomberg
With a net worth of 47.5 billion dollars Mr. Bloomberg starts off our list. Making his money from his publishing empire, global financial services and software he also served as the mayor of New York City for 12 years.
Mr. Koch settles in at number nine with a net worth of 48.3 billion dollars. His fortune comes from Koch Industries, a large multinational corporation whose subsidiaries delve into manufacturing, trading and investments along with money made from oil among other interests.
8. Charles Koch
The co-founder and Executive VP of Koch Industries, Charles’ net worth is equal to that of his brother David. He ranks higher on most lists only because of alphabetical order.
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The co-founder of Oracle software made his 52.2 billion dollars as a vendor of his famous relational database software. In addition to his business, he also sponsors Oracle Team USA yacht racing team and owns two military jets.
The first non-American on the list, Mr. Slim is a Mexican businessman and investor with dealings in education, hospitality, real estate, technology, sports and financial services to name a few. His net worth of 54.5 billion dollars accounts for 40 percent of the Mexican Stock Exchange.
At 33 Mr. Zuckerberg is the youngest man on the list. His 56 billion dollars comes from the technology field. Starting with Facebook, which he developed at Harvard, he also owns many other tech companies. Even though Zuckerberg runs the largest social media platform in the world, his salary is only one dollar a year.
4. Amancio Ortega
The only other non-American on this list, Mr. Ortega comes from Spain. His net worth of 71.3 billion dollars comes as the result of his Intidex fashion group best known for the chain of Zara retail shops that sell clothing and accessories. Ortega left school at 14 to find work with a shirt maker.
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Most of the 72.8 billion dollars that Jeff Bezos attributes his net worth to comes from the largest online shopping site, Amazon.com. His company has expanded into cloud infrastructure services and he also owns companies such as The Washington Post as well as Whole Foods Market. Other businesses he has helped fund include Airbnb, Twitter and Uber.
At 86, Mr. Buffett is the oldest man on this list. Often heralded as one of the greatest investors of all times, his 75.6 billion dollars seems to back that claim up. While a signatory of The Giving Pledge, Mr. Buffett has pledged to donate 99 percent of his wealth to charities. Most of it going to the foundation started by the number one man on this list.
The co-founder of Microsoft has retired from his spot as CEO but still serves as the Technology Advisor to the company. Having sat atop this list for some time, Mr. Gates 86 billion dollars will likely secure his spot for some time. In addition to advising his old company, He and his wife Melinda have started the Bill & Melinda Gates Foundation donating to charitable organizations, schools and scientific research. He also sits on the board of Warren Buffett’s company Berkshire Hathaway.
Of course, fortunes come and go. As the markets change, so does this list. One thing we can be sure of, it will take quite a bit of bad luck to knock any one of these men out of the billionaires’ club.