Top 10 Richest Men in the World

The World's Billionaires, 2016

Source: Forbes
http://www.forbes.com/billionaires/list/#version:static

Top 10 World's Billionaires

There are 1,810 billionaires in the world in 2016. This is a fraction less than the year 2015, which reportedly had 1,826 people in the list, according to the Forbes annual rich list. Let us take a look at 10 of the richest people in the world.

  1. Bill Gates Standing right at the top is Bill Gates, the co-founder of Microsoft, the largest PC software company in the world. With a net worth of $75 billion, Bill Gates is the richest person in the world. However, he is also involved in philanthropic activities. Bill Gates, who also runs a charitable foundation, announced in 2015 that the foundation would support a disease surveillance network in the continents of Africa and Asia and invest $776-mn during the next six years to reduce child mortality and improve nutrition.

2. Amancio Ortega Amancio Ortega's is a rags-to-riches story. The co-founder of Zara grew up as the son of a railways worker and is today the richest retailer in the world. The company, which was founded in 1975 and traced its origins from his living room, where he along with his wife made lingerie and bathrobes, had by the mid-80s spread all over Spain. Soon, it expanded its branches worldwide. He survived the Spanish financial crisis and from 2009 to 2014 personally gained $45 billion. In 2016, his net worth is $67 billion.

3. Warren Buffet Warren Buffet is one of the world's best known corporates. In August of 2015, the Buffet-led Berkshire Hathaway agreed to pay a whopping $37 billion for Precision Castparts, which is a manufacturer of aerospace and industrial parts. He has also joined hands with 3G Capital in deals for Burger King, Heinz, Kraft Foods and Tim Hortons. In July, Buffet made news when he gave away Berkshire's stock which amounted to more than $2.8 billion. This brought his lifetime giving to nearly $25.6 million.

4. Carlos Slim Helu Standing next on the list is Carlos Slim Helu, a telecom magnate. His company, America Movil, has had a 70 per cent share of mobiles and 80 per cent share of the landlines market in Mexico. His monopoly might end as Mexico passed a law in 2015, prohibiting companies from controlling more than 50 per cent of the telecom and broadcast markets. Carlos is also involved in several philanthropic activities. In July 2015, Carlos Slim Foundation and Autism Speaks joined hands to translate information and tools into Spanish.

  5. Jeff Bezos Jeff Bezos, the American technology entrepreneur and investor is the founder, chairman and CEO of Amazon.com. The online book store has become the world’s largest online retailer and a unique model for Internet sales. Other bsuiness interests of Bezos include newspapers and aerospace. With a current worth of $45.3 billion, Jeff Bezos is already the owner of The Washington Post newspaper.

6. Mark Zuckerberg As an American programmer, philanthropist and an internet entrepreneur, Mark Elliot Zuckerberg is the chairman, chief executive officer and co-founder of social networking website called Facebook. His net worth is $44.6 billion. In collaboration with his college roommates and fellow Harvard University students namely Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, he set up and launched Facebook from Harvard’s dormitory rooms.

7. Larry Ellison In September 2014, Larry Ellison resigned as the CEO of Oracle. However, he is still associated with the company. Ellison, who has built databases for the CIA, started Oracle in 1977. He tapped into businesses' growing need for customer relationship management databases. In June 2015, Ellison announced that the company was expanding its cloud-computing business. This would put it in direct competition with Amazon.com's Web Services unit.

8. Michael Bloomberg Michael “Mike” Rubens Bloomberg is an American politician and philanthropist. With a net worth of $40 billion, Bloomberg is the founder, CEO and owner of Bloomberg L.P., the global financial data and media company with the name “Bloomberg”. Michael has been recognized for his Bloomberg Terminal, which is widely utilized by investment professionals residing in different parts of the world.

9. Charles Koch The elder brother of David Koch, Charles is the chairman of the Koch Industries. When Charles stepped in as the chairman way back in 1967, the company was worth just $50 million. He successfully steered the company, which is today valued at $100 billion, and is the second largest private company in America. Charles Koch owns most of the business and his brother is in command of the chemical technology business.

10. David Koch David Koch is the richest resident of New York City. Along with his older brother Charles Koch, David shares control of $115 billion (sales) Koch Industries and runs its chemical technology business. One of the second-largest private companies in America, Koch Industries has interests in refineries, paper towels, building materials, oil pipelines and Dixie cups. David is also involved in philanthropy and has till now given $1.2 billion in charities.

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Last Updated on: November 25, 2016