10 Richest People on the Planet

Can you believe despite the Covid-19 pandemic and worldwide layoffs some people still managed to be the richest people on the planet? Yes that’s right! And on top of that, these people just keep getting richer by the time. These business tycoons have all this wealth coming in from either their shares in different international companies, the real estate under their name, the software giants they own or from the automotive companies they founded.

Below mentioned people are the 10 richest people on the planet;

1. Elon Musk

The 49 year old co-founder of Tesla Inc crossed Bill Gates in year 2020 and became world’s richest person. He has a net worth of $202 billion. What’s more incredible than anything else is that Musk stood on 35th number in the list in the start of the year and went up on number 2 in just 10 months with an appreciation of $167 billion which is the most anyone has done on the Bloomberg Billionaires Index. About three quarters of his income comes from Tesla whose market value increased by $500 billion this year.

2. Jeff Bezos

Jeff Bezos who is the owner of amazon is the richest man on planet. Bezos has a total net worth of $183 billion and owns about 11% of amazon. He got divorced in 2019 and a total of 4% of the shares of Amazon were transferred to his ex-wife Mackenzie Bezos. His net worth increased about $72 billion during the pandemic because Amazon was one of the biggest markets which operated during the pandemic.

3. Bill Gates

Co-founder of Microsoft ended up on number 3 this year. Interestingly, this is only the second time ever in the history that Bill Gates has ranked lower than number 2 in the Billionaires Index. Gates always ranked at the very top until his position was took over by Bezos in 2017. His current net worth is $133 billion.

4. Bernard Arnault

Bernard Arnault is a French Luxury Tycoon and his net worth increased in the initial months of the global pandemic while it decreased in the recent months. His current net worth is $116 billion. His wealth comes from over 70 brands that he owns like Sephora and Louis Vuitton.

5. Mark Zuckerberg

In the Bloomberg Billionaires Index co-founder of Facebook, Mark Zuckerberg is ranked as the youngest person with a net worth of more than $95.4 billion. His current net worth is $105 and with this he holds a 5th position in the list.

6. Zhong Shanshan

Zhong Shanshan is a Chinese billionaire businessman who owns China’s biggest beverage company Nongfu Spring. He himself is also the Chairman of the company. He stands at number 6 with a net worth of $92.1 billion. He is China’s richest man and became the richest man of Asia when he crossed India’s Mukesh Ambani.

7. Warren Buffet

Warren Buffet is the Chairman of Berkshire Hathway. He is the only person in the top 10 list of people in Billionaires Index whose wealth decreased with a bigger margin this year. His net worth dropped by a total of $4.09 billion. Now he is standing ta number 6th with a net worth of $88.3 billion. A lot of his wealth sunk due to the pandemic when his shares dropped in four biggest US airlines and he had to sell his entire stakes.

8. Larry Page

In Bloomberg Millionaire Index co-founder of Alphabet and Google Larry Page stands on number seven with a total net worth of $82.0 billion. He stepped down from his position of CEO in Alphabet Inc which is the mother company of Google in Dec. 2019, but he still continues to be a big shareholder and a board member in the company.

9. Larry Ellison

With a net worth of $80.0 million Larry Ellison, the co-founder of the software giant Oracle comes in at number 8 in the Bloomberg Billionaire Index. He has a stake in Tesla, owns a third of Redwood City, owns Hawaii’s Lanai Island and also owns a sailing team.

10. Sergey Brin

Sergey Brin is the co-founder of Alphabet Inc, which is the holding company of Google, is the 10th richest man in the world for the year 2020 with a net worth of $79.5 billion. He co-founded Alphabet in 1998 with Larry Page. He stepped down from the position of president of Alphabet in 2019 but is still a major shareholder.

This was the list of 10 richest people on the planet according to the Bloomberg Billionaire Index for the year 2020. Will keep you updated on the richest people of the world for the next year too. Stay tuned! 🙂

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