Capitalism is experiencing some difficulty in many parts of the world. For the second year in this decade, the number of world billionaires and their total wealth reduced, which proves that even the wealthiest of people are not immune to economic forces and weak stock markets. With all these, we still give kudos to the richest people in the world as they still stand strong.
Going by the latest count, there are 2,153 billionaires in the world today, which is 55 fewer than a year ago. Among the billionaires, 994 or 46%, are poorer than they were last year. In total, the richest people in the world are worth $8.7 trillion, which is down $400 billion from 2018. In total, 11% of last year’s list of members, or 247 people, dropped out of the rank of this year. This is the most since 2009 at the height of the global financial crisis.
According to the latest list of wealthiest people in the world compiled by Forbes, the youngest member of the Jenner-Kardashian family, Kylie Jenner has jo9ned the league of billionaires in the world. Kylie is one of the 195 new comers to join the list this year. The present list of richest people in the world is once again dominated by tech entrepreneurs, who make half of the world’s top 10 billionaires.
Amazon founder and chief executive, Jeff Bezos retained the top spot as the richest man in the world today. According to Forbes, he is now worth an estimated $131 billion, $19 more than he was a year ago, despite his pending divorce.
According to Forbes, China has 49 fewer billionaires than a year ago, with Europe, the Middle East, and Africa also losing ground. Meanwhile, the Americas (Brazil and the US) are the only two regions with more billionaires than they had a year ago. We now have a record of 609 in the United States, including 14 of the world’s 20 richest people. Take a look at the full list below.
Top 20 Richest People in the World, Their Country, Age and Net Worth
In March 2019, Forbes released its annual list of billionaires, which ranks the richest people in the world by net worth. Below are those that made the top 20 list.
20. Ma Huateng (China)
Chairman of Tencent Holdings
Net worth: $38.8 billion
19. Steve Ballmer (United States of America)
Former CEO of Microsoft; current owner of the Los Angeles Clippers
Net worth: $41.2 billion
18. Rob Walton (United States of America)
Net worth: $44.3 billion
17. Alice Walton (United States of America)
Walmart heir; chair, Crystal Bridges Museum of American Art
Net worth: $44.4 billion
16. Jim Walton (United States of America)
Walmart heir; chairman and CEO, Arvest Bank Group, Inc.
Net worth: $44.6 billion
15. Francoise Bettencourt Meyers & family (France)
Chairwoman of family’s L’Oreal holdings and granddaughter of L’Oreal’s founder
Net worth: $49.3 billion
14. Sergey Brin (United States of America)
President, Alphabet Inc.
Net worth: $49.8 billion
13. Mukesh Ambani (India)
Chairman, Reliance Industries
Net worth: $50 billion
12. David Koch (United States of America)
Co-majority shareholder, Koch Industries
Net worth: $50.5 billion
11. Charles Koch (United States of America)
CEO, Koch Industries
Net worth: $50.5 billion
10. Larry Page (United States of America)
Net worth: $50.8 billion
In 1998, Page co-founded Google with business partner Sergey Brin, and still helms Alphabet, Google’s parent company.
9. Michael Bloomberg (United States of America)
Net worth: $55.5 billion
The founder, chief executive and owner of mass media firm Bloomberg LP, Bloomberg took time off from business between 2002 and 2013 in order to serve three consecutive terms as the 108th mayor of New York City.
8. Mark Zuckerberg (United States of America)
Co-founder and CEO, Facebook
Net worth: $62.3 billion
The Facebook chief executive and founder’s wealth has shrunk by $8.7bn (£6.6bn) in the past year, as the company battled privacy scandals, the BBC says.
7. Larry Ellison (United States of America)
Net worth: $62.5 billion
Cofounder of software firm Oracle, Ellison stepped down as CEO in 2014 but still serves as chairman of the board and chief technology officer.
6. Amancio Ortega (Spain)
Net worth: $62.7 billion
Ortega stepped down as chairman of Inditex, known for its Zara brand, in 2011 but he still owns nearly 60% of its shares.
5. Carlos Slim Helu & family (Mexico)
Honorary chairman, América Móvil
Net worth: $64 billion
Mexico’s richest man, Slim Helu, and his family control America Movil, Latin America’s biggest mobile telecommunications firm. He also owns a stake in Mexican construction, consumer goods, mining and real estate, as well as 17% of The New York Times.
4. Warren Buffett (United States of America)
CEO, Berkshire Hathaway
Net worth: $67.5 billion
Now in his ninth decade, the Berkshire Hathaway chief executive, known as the “Oracle of Omagh” is one of the most successful investors of all time. Like Gates, he has pledged to give away more than 99% of his fortune to charity.
3. Bernard Arnault & family (France)
Chairman and CEO, LVMH Moët Hennessy Louis Vuitton
Net worth: $76 billion
Arnault is the wealthiest European on the list. The Frenchman oversees an empire of more than 60 brands including Louis Vuitton and Sephora.
2. Bill Gates (United States of America)
Net worth: $98 billion
A permanent fixture at the top of Forbes’ list for the past 20 years, the Microsoft founder has sold or given away much of his stake in the company – he owns just 1% of Microsoft – and now focuses predominantly on his philanthropic work.
1. Jeff Bezos and family (United States of America)
Net worth: $113 billion
Bezos became the first person to top $100 billion on the Forbes list of billionaires in early 2018. His recently announced divorce has launched speculation about whether estranged wife MacKenzie will land among the world’s richest women.
The former hedge fund manager turned online book seller started Amazon in his garage in 1994. He still owns 16% of the e-commerce colossus which has seen its share price rise nearly 500% in the past five years.
Bezos has invested heavily in space technology and also owns The Washington Post newspaper.
Who is the Richest Person of all Time?
Last year, Amazon CEO,Jeff Bezos was declared not only the richest person alive, but also the richest man in the world ever.