Rich People Around the World

Who is the world’s richest person? Well, there’s been a shift due to fluctuations at the top of the list. On 15 July 2014, while Carlos...


Who is the world’s richest person? Well, there’s been a shift due to fluctuations at the top of the list. On 15 July 2014, while Carlos Slim Helu of Mexico, the head of the telecom giant América Móvil regained the top spot on the list of the world’s richest people, when his net worth rose to US$79.6 billion. But, soon lost it again to Microsoft co-founder, Bill Gates on August 10 when his net worth came down a wee bit (close to US$79 billion) and Gates of the United States overtook him again, whose net worth is estimated at US$79.4 billion. Slim had held the distinction of being the world’s wealthiest man for four years, before Bill Gates displaced him in 2013.
Every year leading business magazines rate the world’s wealthiest people to see where new wealth is being created, who have joined the billionaire’s club, and who’s on their way out. Excluding royal families (though they include some of the world’s wealthiest people) since their wealth is also primarily the wealth of their nations, the list of the world’s richest people reflects the areas where entrepreneurship and business is growing the most. Apart from traditional businesses such as oil, real estate, and minerals, technology has emerged as an area where many new billionaires have arisen in recent times. Read on, to find out more about the rich people around the world.
According to leading publications, the rich people in the world (data holds relevance as of August 10 over a period of 20 previous days) are:
Carlos Slim Helu, Mexico approx.(US$79billion) and above
Bill Gates, United States approx. (US$79 billion) and above
(These two keep vying with each other for being the richest person in the globe)
Warren Buffet, United States approx. (US$64 billion)
Amancio Ortega, Spain approx. (US$61 billion)
Larry Ellison, United States approx. (US$49 billion)
Charles Koch, United States approx. (US$41 billion)
David Koch, United States approx. (US$41 billion)
Liliane Bettencourt, France approx. (US$37-38 billion)
Christy Walton (& family), United States approx. (US$37-38 billion)
Jim Walton, United States approx. (US$35 billion)
Sheldon Adelson, United States approx. (US$34 billion)
Richest People on Each Continent
The United States has most people among the top 10 wealthiest individuals in the world. But there are immensely wealthy people on every continent. In the middle-east, royal families are also in the league of the richest. According to leading publications, the richest people in each continent around the world are:
Richest people in North America: Carlos Slim Helu approx. (US$79 billion) from Mexico and
Bill Gates approx. (US$79 billion) from the US
Richest person in South America[Brazil]: Jorge Paulo Lemann almost (US$20 billion)
Richest person in Africa [Nigeria]: Aliko Dangote approx. (US$25 billion)
Richest person in Oceania [Australia]: Georgina Hope “Gina” Rinehart approx. (US$20 billion)
Richest person in Asia[Hong Kong]: Li Ka-shing approx. (US$34 billion)
Richest person in Europe [Spain]: Amancio Ortega approx. (US$61 Billion)
To find out more about the people amongst the most rich in the world, read on:
Carlos Slim Helu
Age: 74
Lives in: Mexico City, Mexico
Net worth: Estimated US$79 billion
Designation: Honorary Chairman, América Móvil
Primary source of wealth: Telecom, self-created
Education: BA/BS, Universidad Nacional Autonoma de Mexico
Family: Widowed with 6 children
Carlos Slim Helu and his family own multiple businesses in Mexico. His biggest asset is the telecom company América Móvil, which has operations across Latin America, and controls around 70% of the market share in both mobile and landline telephone services in Mexico. Slim recently regained the ranking of the world’s richest man when shares of América Móvil rose after the company announced it would sell off some assets in accordance with new laws in Mexico. However, he again lost the top position to Bill Gates with a minimal difference (as of August 10).
Carlos Slim Helu had held the position of the world’s richest man for four years, till Bill Gates overtook him in 2013. Slim lost over id=”mce_marker” billion last year as his telecom company and a mining company were under pressure due to prevailing market conditions.
Carlos Slim Helu owns minority stakes in The New York Times and Saks Fifth Avenue in the US and the media firm Grupo Prisa and investment bank CaixaBank in Spain. Other companies in which he has large interests are a mining company Minera Frisco; an industrial group, Grupo Carso; an infrastructure company (Impulsora del Desarrollo y el Empleo en América Latina); a real estate company Inmuebles Carso; and a financial enterprise Grupo Financiero Inbursa. His eldest son Carlos Slim Domitt, is expected to take over his business interests in due course of time.
Bill Gates
Age: 58
Lives in: Medina, WA, United States
Net worth: Estimated US$79 billion
Designation: Co-Chair, Bill & Melinda Gates Foundation
Primary source of wealth: Microsoft, self-created
Education: Harvard University dropout
Family: Married with 3 children
Bill Gates, co-founder of Microsoft has been rated the richest man in the world 15 times in the last 20 years. Over the last five years, he has been second to Carlos Slim Helu of Mexico, regaining the first spot last year and again recently in August 2014.
After he stepped down as Chairman of Microsoft in February 2014, he has spent much of time on philanthropic activities as Co-Chair of the Bill and Melinda Gates Foundation, which he jointly set up with his wife (also an ex-Microsoft employee). His foundation has the aim of trying to solve some of the world’s medical challenges and provides grants to scientists and researchers working in key areas of medical research and delivery in many developing countries.
Gates has also persuaded fellow millionaires such as former New York City Mayor Mike Bloomberg, and Mexican tycoon Carlos Slim Helu to donate US$ 100 million each for eradicating Polio, a cause for which he has raised US$335 million. He and his good friend and billionaire Warren Buffet have also persuaded 100 extremely wealthy individuals to sign a pledge, called the “Giving Pledge,” where they agreed to donate at least half their net worth to charity.
Gates has also spent his fortune on historical objects of value to humankind. He spent US$ 30,802,500 on acquiring the Codex Leicester, a manuscript written by Leonardo da Vinci, when it came up for auction on by Christie’s auction house on 11 November 1994.
Warren Buffet
Age: 83
Lives in: Omaha, Nebraska, United States
Net worth: Estimated US$64 billion
Designation: CEO, Berkshire Hathaway
Primary source of wealth: Investing, self-created
Education: BA/BS University of Nebraska Lincoln; MS Columbia University
Family: Widowed, Remarried with 3 children
Known as the “Oracle of Omaha,” Warren Buffet advises investors to focus on a long-term strategy instead of looking for quick gains on the stock market. He recommends a book The Intelligent Investor (1949) by Benjamin Graham to those who seek his advice, describing purchasing it as his “best investment.”
Buffet continues to make the news with his investing acumen. Though Buffet avoids investing in technology stocks, he has invested in energy. Last year he invested nearly US$4 billion in ExxonMobil. Another recent major deal was his purchase of ketchup manufacturer H.J. Heinz for $23.2 billion, along with 3G Capital.
Buffet also has a philanthropic side and has gifted US$20 billion till date. In 2014, he gifted Berkshire Hathaway stock worth US$2 billion to the Bill and Melinda Gates Foundation.
Amancio Ortega
Age: 78
Lives in: A Coruna, Spain
Net worth: Estimated US$61 billion
Primary source of wealth: Retail, self-created
Family: Widowed, Remarried with 3 children
True rags to riches story, Amancia Ortega is the son of a railway worker. He was working in a clothing store, when his first wife Rosalia Mera (now deceased) and he started making clothes in their apartment. The two opened their first store in 1975 called Zara in A Coruna, Spain. He then went on to head Zara, Spain’s top retail brand and was chairman of its parent company Inditex till 2011, and still owns 60% of its shares. His fortune has grown by US$26.5 billion over the last two years.
Of late, he has been concentrating on real estate, with holdings worth about US$5 billion. Over the past year, he has purchased properties in New York, London, and Madrid worth about $830 million and is the owner of 26 buildings worldwide, including the landmark 43-story skyscraper Torre Picasso in Madrid.
Ortega has two children Marcos and Sandra with his late wife. After her demise, he married Flora Perez Marcote and has another daughter Marta.
Larry Ellison
Age: 69
Lives in: Woodside, California, United States
Net worth: Estimated US$49 billion
Designation: CEO and Founder, Oracle
Primary source of wealth: Oracle, self-created
Education: University of Chicago dropout; University of Illinois at Urbana dropout
Family: Married and Divorced 4 times. Has 2 children
Ellison founded Software Development Laboratories in 1977 with US$ 2,000, which was renamed Oracle Systems Corporation in 1982.
A yachting enthusiast, Larry Ellison’s Team Oracle races in the America’s Cup, which he brought to San Francisco, California in 2013. Team Oracle won the 34th America’s Cup on 25 September 2013.
Known for his outspoken ways, Ellison has been vocal about Google’s Android software allegedly infringing Oracle’s patents, describing it as “absolutely evil.”
Ellison owns most of (98%) Lanai Island in Hawaii, where he plans to hold the first Lanai Documentary Film Festival in February 2016 on ‘Governance for Africa.’
Ellison’s daughter Megan is a Hollywood producer, who has financed acclaimed films, including Zero Dark Thirty, Her, and American Hustle.
Charles Koch
Age: 78
Lives in: Wichita, Kansas, United States
Net worth: Estimated US$ 41 billion
Designation: CEO, Koch Industries
Primary source of wealth: Koch Industries
Education: BA/BS and MS, Massachusetts Institute of Technology
Family: Married and has 2 children
Charles Koch has been Chairman and CEO of Koch Industries since 1967. He owns 84% of Koch industries along with his brother David Koch.
Koch Industries is the second-largest private company in the US (id=”mce_marker”15 billion sales) with diversified interests in many fields including petroleum, construction materials, and paper towels, etc. In recent times, Koch Industries has bought cellulose fibers producer Buckeye Technologies for id=”mce_marker”.5 billion and electronics-components maker Molex for $7.2 billion.
A staunch Republican, Charles Koch and his brother David (who are the world’s richest siblings) have donated significant sums to the Republican Party for the Senate elections in 2014.
As far as his philanthropic deeds are concerned, he has contributed towards educational projects, policy, and research for promoting free-market opinions. In 2011, he was honored with the William E. Simon Prize for Philanthropic Leadership.
David Koch
Age: 74
Lives in: New York, United States
Net worth: Estimated US$41 billion
Designation: Executive Vice President, Koch Industries
Primary source of wealth: Koch Industries
Education: BA/BS and MS, Massachusetts Institute of Technology
Family: Married with 3 children
David Koch, Executive Vice-President of Koch Industries, owns 84% of Koch industries along with his brother Charles Koch. While David is known to be the richest resident of New York, he and his brother are also known for being the world’s richest siblings.
Koch Industries is the second-largest private company in the US (id=”mce_marker”15 billion sales) with diversified interests in many fields including petroleum, construction materials, and paper towels. In recent times Koch Industries has bought cellulose fibers producer Buckeye Technologies for id=”mce_marker”.5 billion and electronics-components maker Molex for $7.2 billion.
A staunch Republican, David Koch donated US$ 1.25 million to the Republican Governors Association and became the top donor in 2013. He also gave significant donations for the Senate elections in 2014.
Liliane Bettencourt
Age: 91
Lives in: Paris, France
Net worth: Estimated US$(37-38) billion
Primary source of wealth: L’Oreal, inherited
Family: Widowed with 1 child
Liliane Bettencourt inherited her wealth from her father, Eugène Schueller, who founded the L’Oreal cosmetics empire. The Bettencourt family owns a majority stake in L’Oreal and with the Swiss consumer goods firm Nestle selling its 8% stake the family’s holdings have risen to 33%.
Now in her 90s, Liliane Bettencourt suffers from dementia and in February 2012 her place on the board of L’Oreal was taken by her grandson, Jean-Victor Meyers. She is no longer actively involved in the company’s management.
She is also not considered the world’s richest woman now. However, in December 2013, she was reported as the second-richest woman on earth with an approximate wealth of US $33.2 billion.
In 1987, Liliane Bettencourt established Bettencourt Schueller Foundation
The world’s richest woman is next on this list.
Christy Walton
Age: 59
Lives in:Jackson, Wyoming, United States
Net worth: Estimated US$(37-38) billion
Primary source of wealth: Wal-Mart, inherited
Designation: Co-Chair, Children’s Scholarship Fund
Family: Widowed with 1 child
Christy Walton, the widow of John Walton – the son of Sam Walton the co-founder of Wal-Mart – is the world’s richest woman. John Walton passed away in an airplane crash in 2005, and his wealth, which included shares in the Wal-Mart business empire and investments in First Solar, propelled Christy to the top of this list.
Last year Christy’s fortune rose by US$ 466 million as First Solar’s stock value grew 47%.
In 2013, she also received $460 million in Wal-Mart dividends after taxes.
She has produced a film Bless Me, Ultima based on the book by the father of Chicano literature, Rudolfo Anaya, for which she has received an award from the Imagen Foundation in 2013.
Jim Walton
Age: 66
Lives in: Bentonville, Arkansas
Net worth: Estimated US$35 billion
Primary source of wealth: Wal-Mart, inherited
Designation: Chairman and CEO, Arvest Bank Group, Inc
Education: BA and BS from University of Arkansas
Family: Married with 4 children
He is the youngest son of Sam Walton, the co-founder of Wal-Mart. With approximate sales of $470 billion in the year 2013 in Wal-Mart stores, Jim Walton received over $475 million after taxes in terms of share in dividend.
There are over 11,000 Wal-Mart stores with 2.2 million employees.
Moreover, Jim Walton is the CEO of Arvest Bank of Walton family that has several branches – Kansas, Arkansas, Missouri, and Oklahoma. The current worth of the bank is id=”mce_marker”.8 billion, having earned the net profit of approx. id=”mce_marker”00 million in the year 2012.
Sheldon Adelson
Age: 80
Lives in: Las Vegas, Nevada, United States
Net worth: Estimated US$34 billion
Primary source of wealth: Casinos, self-created
Designation: Chairman and CEO, Las Vegas Sands
Education: City College of New York dropout
Family: Married with 5 children
Shares of Sheldon Adelson’s Las Vegas Sands casino company are worth more than all other US casino companies combined. In recent years his business has grown significantly in Asia.
Sheldon Adelson, who was last in the list of 10-richest people in the world in 2007, returned to the list this year making an average of US$ 32 million a day in 2013.
He is a strong opponent of Internet Gambling and has said he will “spend whatever it takes to win” in his battle against this phenomenon.
Adelson is a strong Republican supporter and spent $100 million in an unsuccessful attempt to elect a Republican as president in 2012.

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