Top billionaires include Bernard Arnault, Elon Musk, Jeff Bezos, and Larry Ellison. The world’s richest people have achieved their wealth through a combination of inheritance and business acumen.
French luxury goods magnate Bernard Arnault is worth an estimated $211 billion, putting him at number one on the list. He has a family empire, LVMH, with brands including Louis Vuitton and Christian Dior.
Bernard Arnault
French businessman Bernard Arnault, chairman and CEO of LVMH Moet Hennessy Louis Vuitton, is one of the world’s richest people. His net worth has grown by more than $39 billion this year alone, Bloomberg reports.
Born on March 5, 1949, in Roubaix, France, Arnault studied engineering at the Ecole Polytechnique in Paris. After graduating, he joined his father’s construction company.
After moving to the United States, he acquired a bankrupt textile company called Boussac Saint-Freres and bought Christian Dior’s fashion house in 1984. That’s how he began building what would become LVMH.
Today, LVMH owns several of the biggest luxury brands in the world, including Louis Vuitton, Dior, and Givenchy. It also owns a range of wine and spirits companies, like Moet & Chandon and Veuve Cliquot. In addition to his responsibilities at LVMH, Arnault is a philanthropist and art collector. He has donated millions to cultural institutions in France.
Elon Musk
Musk, who leads SpaceX and Tesla, topped Forbes’ list of the world’s richest people last year. He’s also the co-founder of PayPal, and brain technology company Neuralink.
In October, he bought Twitter in a $44 billion deal and became its CEO. He’s also worked on a number of ventures including The Boring Company, which plans to build underground tunnels that would alleviate urban congestion.
But his fortune dropped in the year following his acquisition. Despite a spike in Tesla’s stock price, his net worth fell by $39 billion.
Jeff Bezos
Jeff Bezos is the founder of the e-commerce giant Amazon. He is also a major investor in other businesses, including Audible and Whole Foods Market.
Born in Albuquerque, New Mexico, Bezos graduated from Princeton University in 1986 with a degree in electrical engineering and computer science. He went on to work in a variety of fields before founding Amazon.
As CEO, Bezos launched Amazon into the e-commerce world and expanded it into an online media company and cloud service provider, among other things. Bezos has also stepped up his philanthropic efforts, donating more than $400 million in 2022 to nonprofit organizations.
The stock market has seen a lot of declines in 2022, weighing down on the fortunes of ultra-high-net-worth individuals (UHNWIs) around the world. However, Bernard Arnault of French luxury goods giant LVMH has grown his fortunes to $53 billion since last year’s ranking, vaulting him into the No. 1 spot on the list for the first time.
Larry Ellison
Larry Ellison, the co-founder and executive chairman of Oracle Corporation is one of the world’s richest people. He has an estimated net worth of $166.1 billion.
During his career, he has built a fortune through the success of his companies. He started his company in 1977, and it eventually became a major supplier of databases.
He is also an avid philanthropist and has taken Warren Buffett’s “Giving Pledge,” which means that he will donate 95% of his wealth to charity when he dies.
He has also accumulated an extensive collection of properties, including an estate in Woodside, California, and a Malibu mansion. He also owns a Hawaiian island.
Warren Buffett
Warren Buffett, nicknamed the Oracle of Omaha, is a self-made billionaire who has become one of the world’s most successful businessmen. He has built Berkshire Hathaway into a multibillion-dollar conglomerate and is a celebrated philanthropist.
He started investing in stocks at a young age and eventually founded Berkshire Hathaway, an international holding company with a portfolio of businesses including insurance, energy, and media. He remains a highly respected figure in the world of finance and is considered a role model for young investors.
He teaches an approachable, middle-American philosophy of financial success, and fans around the world admire his frugal lifestyle and self-deprecating sense of humor. He is also known for his charitable donations, which have totaled over $37 billion since 2006.
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