Those considered to be the richest people in the world have an incredible amount of wealth. Many of them are self-made billionaires from ideas they took and turned into fortunes. Others have gained their wealth from businesses they inherited from their families which they then turned into incredible amounts of money.
One thing many of them have in common is their generosity of donating large percentages of their money to different charities which couldn’t survive without these donations. Some have even made pledges which vow they will give away at least half of their wealth to charitable organizations. There are more than two hundred thousand billionaires in the world today; so Who are the richest people in the world as of 2018? We answer that question with Forbes’ list of the world’s billionaires for 2018.
10. Charles and David Koch: Net Worth of $48.5 Billion (each)
Charles and David Koch are brothers and are tied for the number ten spot on the richest people today. Charles Koch is 81-years-old and is the chairman and co-owner of Koch industries. This corporation is the second-largest company in the United States and is considered privately owned. Charles and David, his 77-year-old brother who acts as the company’s executive vice president produce products such as the Dixie Cups, Stainmaster carpet cleaner, and Northern Quilted paper towels. This company was inherited by the two brothers from their father and is located in Wichita, Kansas.
The Koch brothers use their wealth to influence politics through an extensive network such as the Americans for Prosperity. Their influence gave rise to the libertarian movement, and the two have given hundreds of millions of dollars to politicians they support to influence policy making.
9. Bernard Arnault: Net Worth of $53 Billion
Bernard Arnault is in the retail industry and considered responsible for some of the world’s more fashionable brands. The names associated with Arnault include Sephora, Dom Perignon, and Louis Vuitton. He is a French billionaire holding the title of CEO and chairman of LVMH which is the biggest luxury goods company on the globe. Arnault’s career began as a civil engineer, and he later gained control of his family’s parent company, Groupe Arnault.
Bernard Arnault’s wealth increased during 2017 by more than $5 billion when he announced the full take-over of Christian Dior. He is an art collector and supports artistic creation in France where he created the Foundation Louis Vuitton in Paris.
8. Michael Bloomberg: Net Worth $53.3 Billion
Michael Bloomberg has many titles; philanthropist, politician, and CEO. He launched L.P. in 1981 which is an information technology and media company. Bloomberg had been a partner with Salomon Brothers before he left to start his own business. Salomon Brothers is an investment bank located on Wall Street. Bloomberg is an experienced politician and has served three terms as mayor of New York City. As mayor, he traveled to City Hall by subway every day from his home in the Upper West Side.
Michael Bloomberg is considered a philanthropist and has donated $5 billion to certain causes that go along with his political interests. Some of these interests include climate and gun control.
7. Larry Ellison: Net Worth $61.1 Billion
Larry Ellison is the former CEO of Oracle, a software company where he also sat as the chairman. Ellison comes from a modest and simple background. He is a 72-year-old billionaire who founded his company without ever having completed a computer science class. Dropping out of college twice, Ellison moved from Chicago to California where he worked different jobs. These employments are where he learned his computer skills including computer programming and how to build a database.
After building a database for the CIA, Ellison moved on to establish his own company, Oracle. This company is where he created what became the world’s most popular database. He became the highest-paid executive in the United States before he stepped down from his position as CEO from Oracle. Ellison’s wealth includes millions of dollars of real estate around the globe, including Lanai, one of Hawaii’s islands.
6. Carlos Slim Helu: Net Worth $63 Billion
Carlos Slim Helu is not only one of the richest people in the world today; he is also the richest person in Mexico. He is a Mexican business tycoon owning more than 200 companies from the banking industry to retail and telecommunications. This 81-year-old billionaire owns America Movil considered the largest mobile phone company in Latin America. He is also the owner of Grupo Carso, a conglomerate company that hosts restaurants and retailers and others.
Slim Helu’s father moved from Lebanon to Mexico with his family before Slim Helu was born and became a successful business man in real estate and the retail industry. The business was inherited by Slim Helu when his father passed away in 1953. His influence extends beyond Mexico as he now the largest shareholder of the Grey Lady.
5. Amancio Ortega: Net Worth $68.2 Billion
Amancio Ortega is best known for founding the Inditex fashion group which includes Zara clothing. He is a self-made Spanish billionaire and the richest man in Europe. Ortega is 81-years-old and considered the richest retailer on the globe. He owns 59% of Inditex which includes more than 7,000 stores worldwide. He stepped down as chairman from the company in 2011.
Ortega’s success is contributed to his idea of ‘fast fashion’ where he believed stock should be refreshed twice a week in the Zara stores. He also believed in following his customers and bloggers clothing styles and watched what they were wearing versus what was appearing in the latest fashion shows.
Mark Zuckerberg was a sophomore at Harvard University when he created the now popular social media site, FaceBook. This platform became a social media powerhouse that began on college campuses and has grown to more than one million users. There are more than a dozen offices located around the globe, and the company is worth over $400 billion.
Mark Zuckerberg is one of the youngest on the list of the richest people as he is only 33-years-old. He not only founded FaceBook, but Zuckerberg also holds the title of chairman and CEO. He is also a philanthropist who has donated millions to charity. Zuckerberg and his wife, Priscilla have vowed to give 99% of their wealth to the Chan Zuckerberg Initiative.
Warren Buffett is the CEO of Berkshire Hathaway and is considered an investment genius. Buffett purchased his first stock when he was only eleven years old and was required to file an income tax report when he was thirteen. He now owns more than 60 companies.
Warren Buffett is considered to be one of the world’s best investors. He also has a reputation for being cheap in his spending habits. It is said he normally spends less than four dollars for his breakfast at McDonald’s every morning. Buffett is also a philanthropist and has vowed to donate 99% of wealth to charity.
Bill Gates was born in Seattle, Washington and used his first computer when he was a kid in school. In 1975 he and his childhood friend, Paul Allen who shared his interest in computers put their ideas together to create Microsoft. Gates remained CEO of Microsoft until 2000 and remained chairman and the largest shareholder until 2014. He continues to serve as an advisor for technology with the company.
Bill Gates encourages other billionaires to donate a large portion of their wealth to charity. He is one of three billionaires who created the “The Giving Pledge”, where the wealthy can make vows to donate percentages of their annual net worth.
Jeff Bezos is the founder of Amazon.com, which has contributed to the growth of e-commerce and online shopping. He is the 53-year-old CEO of Amazon which was launched in 1994. Before creating Amazon, Bezos had a New York hedge fund job and began the retail giant from his garage where it started as an online book site. It has now grown to a net worth over $400 billion and one of the largest online shopping sites around the globe.
Jeff Bezos has other ventures such as being the owner of the private company, Blue Origin, and the Washington Post. Amazon has now purchased an upscale grocery chain, Whole Foods which is predicted to increase its net worth.
Outside of being the richest people in the world of 2018, these ten share some similar traits. Many have built their wealth into sizeable accounts and realize big wins don’t come from taking risks. These ten richest men in the world right now, are optimistic and opportunistic.