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For The First Time In History, The 10 Richest People In The World Control More Than $1.3 Trillion

The aggregate net worth of the top 10 global earners has crossed the $1.3 trillion mark for the first time in recorded history.



This is so we’re not here to denounce these 10 tycoons for being so exceptionally rich. However, it is amazing and perhaps a little disconcerting to see so much wealth possessed by just 10 people.

What Happened This Week?

A few of these business moguls have record-high net worths as a result of record-high share prices for the companies they created.

As I type this article, the share prices of Amazon, Facebook, LVMH, Google and Berkshire Hathaway are all at all-time highs. Just a few dollars separate Microsoft and Oracle from their all-time highs. The sole firm, Tesla, is currently trading well below its peak price per share. The share price of Tesla is currently almost 30% below its all-time high, which was $900 in January.

Unprecedented Wealth

Jeff Bezos is currently the richest man in the world. We currently estimate that Jeff Bezos’ net worth is $206 billion.

To put things into perspective, it only cost $14.8 billion in 1995 to become the world’s richest individual.

After 26 years, Bill’s net worth has increased from $14.8 billion to $146 billion, a change of one decimal place.

Amazingly, $146 billion is no longer even enough to put Bill in the top three. He is out-ranked by Bernard Arnault’s $155 billion and Elon Musk’s $175 billion.

Another intriguing first-time occurrence this week: Warren Buffett was ranked lower than BOTH of the Google co-founders. Because he holds a tiny bit more Google shares than his co-founder Sergey Brin, Larry Page has previously outperformed Warren. Prior to this week, Sergey had never surpassed Warren and had never reached this position (#7).

(FREDERIC J. BROWN/AFP via Getty Images)

via Getty Images, FREDERIC J. BROWN/AFP

The 10 richest people in the world:

Larry Ellison, 10th place, has $90 billion (Oracle)

7th place: Sergey Brin, $106 billion (Google)

Number 6: Larry Page, $109 billion (Google)

#2: Elon Musk has $175 billion in assets (SpaceX/Tesla).

For perspective, one year ago the combined net worth of the 10 richest people in the world was $676 billion. That represents an increase of 92% in a year.

And they weren’t quite the same folks. A year ago the list would have looked like:

8th place: Alice Walton, $54 billion

7th place: Mark Zuckerberg, $54 billion

Number one: Jeff Bezos, $113 billion

Together, we are worth $676 billion.

Elon Musk, Larry Page, Sergey Brin, and Steve Ballmer aren’t included in this year’s top 10.

FYI, Elon Musk’s net worth a year ago was $24 billion. It has increased by 630 percent in a year.