With a internet value of $251.3 billion, Elon Musk is the richest man on this planet.
The world’s 5 richest individuals have greater than doubled their wealth since 2020, Oxfam, a British charitable basis, has stated. In a report, urging nations to withstand the affect of the ultra-rich on tax coverage, it stated that at a fee of $14 million per hour, the world’s wealthiest males have doubled their fortune, whereas about 5 billion individuals worldwide have grown poorer throughout the identical time.
The report additionally added that regardless of a few of the disaster revolving around the globe’s economic system, the billionaires are right this moment $3.3 billion richer than they had been in 2020.
As per a report by Deutsche Welle (DW), Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Mark Zuckerberg are the world’s 5 richest males.
Let’s take a more in-depth take a look at who’re these 5 richest males in the entire world:
Elon Musk
With a $251.3 billion internet value, Elon Musk is the richest man on this planet, as per Forbes India. He is the CEO of a number of distinguished firms, together with electrical automotive producer Tesla and house exploration firm SpaceX.
Around two-thirds of Mr. Musk’s wealth is tied to Tesla. He grabbed all of the headlines in October 2022, shopping for social media firm Twitter, which he later renamed X. The 52-year-old co-founded Tesla in 2003. However, it was solely throughout 2020 and 2021 that the corporate witnessed important development in market capitalization.
This propelled Mr. Musk to the place of the world’s prime 10 richest individuals in September 2021. He reached its peak in November 2021, when his wealth reached an astonishing $320 billion.
Bernard Arnault
The world’s second richest man presides over luxurious items empire Moët Hennessy Louis Vuitton (LVMH). It is finest identified for proudly owning manufacturers similar to Louis Vuitton, Dior, Bulgari, Sephora and Givenchy. The 74-year-old French businessman has a internet value of $201 billion, as per Forbes.
Bernard Arnault has held the place of LVMH CEO since January 1989, two years after it was based. The CEO of LVMH grabbed all of the limelight in January 2021 when the conglomerate accomplished the acquisition of jeweler Tiffany & Co. for a staggering $15.8 billion.
Jeff Bezos
With a internet value of $174.2 billion, Jeff Bezos is the third richest man in the entire world. In 1994, Jeff Bezos based the e-commerce big Amazon out of his Seattle storage. While in July 2021 he stepped down as CEO of the e-commerce powerhouse, Jeff Bezos nonetheless maintains his place because the chairman.
Mr. Bezos purchased the American newspaper The Washington Post in 2013 for $250 million. Apart from this, Jeff Bezos additionally owns Blue Origin, a personal house exploration firm he established and generously funded with billions of {dollars}.
Larry Ellison
Larry Ellison co-founded the software program big Oracle in 1977. He held the place of CEO till 2014. He, now, assumes the roles of the corporate’s Chairman and Chief Technology Officer. As per Forbes, 79-year-old Larry Ellison has a internet value of $135.3 billion and occupies the fourth place on the checklist.
The American businessman grabbed all the eye when he acquired the Hawaiian island of Lanai in 2012 for a sum of $300 million. In 2020, Larry Ellison moved completely to his Hawaiian island.
Mark Zuckerberg
Mark Zuckerberg is the co-founder and CEO of Meta Platforms. At the age of 19 in 2004, Zuckerberg began the social media platform Facebook. The 39-year-old has a internet value of $125.3 billion.
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