This is CelebrityNetWorth.com 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.
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).
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.
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