Are you curious to learn about the wealthiest people in the world and their staggering net worths? The list of the world’s richest people is alluringly edifying and celebratory, with many of these individuals receiving success through innovative business ideas and hard work. We will explore who the world’s wealthiest people are, their background stories, and the lucrative ways they have become the richest people in the world.

History of the Richest People in the World

The year 2020 has marked a time for reflection for many of us, considering the effects of the COVID-19 pandemic. According to the Bloomberg Billionaire’s Index, there are currently more than 2,100 billionaires in the world — and yet, their ranks rose by 15 thanks to the increase of world stock markets from the pandemic. After all, in difficult times such as these, some notable billionaires have given back to their communities, while other entrepreneurs remain unconcerned with the chaotic energy surrounding the pandemic. Interestingly, many of these billionaires have come from nothing to make their fortunes, with a small idea or two resulting in a major takeover at the top of their respective industries.

When looking back, much of the world’s wealth was controlled by oligarchs and dynasties who provided the funds needed to build economies, cathedrals, universities, and much more. However, while these extremely wealthy individuals dominated the system that evolved into modern-day capitalism, it was not until the early 1800s that the first billionaire was deemed a pioneer of the new economy. Since then, Forbes has identified the world’s wealthiest individuals every year, but now it has become more accessible to tell who is a billionaire and who has made the most.

The Top 10 Richest People in the World

Below is a list of the world’s ten wealthiest individuals, according to Bloomberg:

  1. Jeff Bezos

With a net worth of $183 billion, Jeff Bezos, founder of Amazon, is currently the richest man in the world. After making a fortune from Amazon, a majority of Bezos’ wealth comes from his Amazon stock and other innovative projects, such as investing in rocket production.

  1. Bernard Arnault

Coming in second place, Bernard Arnault is worth an estimated $111 billion as of 2021. Arnault is a French businessperson who is known for being the Chairman and CEO of LVMH Moet Hennessy–Louis Vuitton, or LVMH, an investment and luxury goods powerhouse.

  1. Bill Gates

Credited for revolutionizing everyday computer usage, Bill Gates has a net worth of $109 billion and is the co-founder of Microsoft. He is also the co-chairperson of the Bill & Melinda Gates Foundation, the world’s largest charitable organization.

  1. Elon Musk

Elon Musk, another technology entrepreneur, is worth an estimated $97 billion. Musk is the CEO and founder of SpaceX, as well as the founder and chairman of Tesla, Inc. He also serves on the board of several companies such as SolarCity and Neuralink.

  1. Mark Zuckerberg

Mark Zuckerberg, co-founder of Facebook, has a net worth of $90 billion. After launching Facebook in 2004, which is now the largest social media platform in the world, his net worth has grown exponentially.

  1. Zhong Shanshan

Coming in at number six, Zhong Shanshan has an estimated net worth of $85 billion. Shanshan is a Chinese billionaire and businessman who is best known as the chairman of leading bottled water brand Nongfu Spring and pharmaceutical company Beijing Wantai Biological Pharmacy Enterprise Co.

  1. Warren Buffett

American investor Warren Buffett, also known as the Oracle of Omaha, has a net worth of $80 billion. He is the CEO and chairman of Berkshire Hathaway, a multinational conglomerate holding company, and is renowned for his smart investments and contributions to the rise of the economy.

  1. Larry Ellison

Billionaire Larry Ellison has a net worth of $73 billion. Ellison is the founder of Oracle Corporation, the world’s biggest database technology production company, and his net worth was recently bolstered by leading the charge of vaccine development with Oracle’s cloud-based solutions.

  1. Larry Page

With a net worth of $67 billion, Larry Page is the co-founder of Google and CEO of Alphabet, Inc., Google’s parent company. He has been praised for his innovative ideas, such as the concept of PageRank, a ranking algorithm for webpages.

  1. Steve Ballmer

Rounding out the top ten is Steve Ballmer with a net worth of $62 billion. Ballmer is the former CEO of Microsoft, as well as the current proprietor of the Los Angeles Clippers.

Industries Represented by the World’s Richest People

As you can see, many of the world’s wealthiest people have had success in the technology and finance industries. Some, such as Warren Buffett, have made their mark through smart investing, while others, like Jeff Bezos, have established dominated sectors through innovative yet calculated business moves.

The technology sector has seen success through both production and software, with the latter having a larger presence in the wealthier population. For example, the likes of Larry Ellison, Larry Page, Bill Gates, and Mark Zuckerberg have all made names for themselves by innovating various software and web-based products. Similarly, the automotive sector has seen its rise in the ranks due to the successful ventures of Elon Musk and his Tesla autopilot technology.

Furthermore, the finance industry has produced some of the wealthiest people, as it’s no surprise that many of the masters of investment can bring in innumerable amounts of money through smart decision-making and strategic portfolio-building. Warren Buffett, like many, has become a major player in the finance world, even though Forbes lists him as one of the most successful investors of all time.

It’s no secret that money talks and that the world’s wealthiest people have not only earned their money through dynamic ideas, but also through important philanthropic investments in their local and global communities. Whether it was through technology, finance, or another industry, the richest people have been risk-takers and use their wealth to problem-solve current global issues. Ultimately, these individuals have inspired us to pursue our dreams and understand that often success comes with hard work and perseverance.