The 10 Richest People in the World

There are supposedly 2,755 billionaires on the planet as of 2021, with a combined projected net worth of $13.1 trillion. The top 10 richest persons in the world own $1,153 billion, or nearly 8.8%, of this total, which is remarkable given that they make up just around 0.36% of billionaires. The Forbes World’s Billionaires List has listed the top 10 wealthiest people as of the article’s update date in September 2021, which is shown below.

The 10 Richest People in the World

1. Jeff Bezos

  • Age: 57
  • Residence: Seattle
  • Founder and Executive Chair: Amazon (AMZN)
  • Net Worth: $177 billion
  • Amazon Ownership Stake: 11% ($178 billion)
  • Other Assets: Blue Origin ($7.15 billion private assets), The Washington Post ($250 million private assets), and $13.4 billion in cash

Amazon.com was established by Jeff Bezos in a Seattle garage in 1994, not long after he left the famous hedge company D.E. Shaw. Actually, when he first proposed the idea of an online bookshop to his old employer David E. Shaw, the latter turned it down.

Although Amazon.com originally focused on selling books, it has now expanded to become a one-stop shop for just about anything and is perhaps the biggest retailer in the world. In any case, it is difficult to contest the corporation’s claim to be “Earth’s most customer-centric organization.” Some of its unanticipated growths, like as the acquisition of Whole Foods in 2017 and the introduction of its own line of branded over-the-counter medications in August 2017, show the company’s trend of ongoing diversification.

As lockdowns caused shoppers to stay at home, the demand for online shopping increased in 2020, driving up the price of Amazon’s stock. Bezos transferred to his new position as the company’s executive chair on July 5, 2021, and left his position as CEO of the massive e-commerce company.

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Bezos first made Amazon publicly available in 1997, and in 1999, he overtook Bill Gates as the first person to have a net worth of $100 billion. The aerospace firm Blue Origin, The Washington Post, which he acquired in 2013, and the 10,000-year clock, also known as the Long Now, are among Bezos’s other endeavors. Blue Origin’s first successful crewed flight was carried out on July 20, 2021, by Bezos, his brother Mark, aviation pioneer Wally Funk, and Dutch student Oliver Daemen. They reached a height of slightly over 62 miles before making a safe landing.

The 10 Richest People in the World

2. Elon Musk

  • Age: 50
  • Residence: Austin, Texas
  • Co-founder and CEO: Tesla (TSLA)
  • Net Worth: $151 billion
  • Tesla Ownership Stake: 20% ($125 billion)
  • Other Assets: Space Exploration Technologies ($29.8 billion private assets) and The Boring Company ($101 million private assets)

Over the years, Elon Musk has been involved with a number of various businesses. Musk had planned to attend Stanford University, but he postponed enrollment to start Zip2, one of the first internet navigation systems. The money earned from this venture was subsequently used to launch X.com, an online payment platform that eventually evolved into PayPal. Musk has kept his position as CEO and principal designer of his third project, Space Exploration Technologies (SpaceX), which intends to make space travel more accessible, even though both of these systems were ultimately sold to other businesses.

Musk was retrospectively recognized as a cofounder of Tesla Motors (now Tesla) and appointed to his present role as CEO of the electric car firm in 2004 after becoming one of the company’s primary investors. Tesla manufactures energy storage devices, automobile accessories, merchandise, and solar power systems thanks to its acquisition of SolarCity in 2016. In addition to its line of electric cars, which includes sedans, sport utility vehicles (SUVs), and the “Cybertruck” announced in 2019, the company also makes energy storage devices.

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2020 saw a meteoric spike in Tesla’s stock price, which increased by 705% from the beginning of the year to mid-December. That same month, it became the biggest corporation to date to join the S&P 500.

In 2016, Musk launched two further businesses, Neuralink and The Boring Company, with the former having him as CEO. In order to assist those with paralysis and maybe enable users to mentally control their computers and mobile devices, Neuralink is creating brain-machine interface devices. The Boring Company, on the other hand, creates boring machines to build tunnels for subterranean public transit networks, which would lessen traffic congestion in large cities. It also marketed a portable flamethrower for a short while.

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