Top 10 Richest People In The World In 2020
The global economy has seen better days. Many people and nations are still reeling and trying to get back on their feet from the global economy crash in 2008. Some people, however, have been fortunate enough to not feel the wide effect that this brutal occurrence had, or who have been able to bounce back from it. These are the people who are among the richest in the world. From heirs of valuable estates to entrepreneurs who have hit the jackpot, these individuals are people who are not hurting for money.
10. Liliane Bettencourt
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Bettencourt has a net worth of approximately $40.1 billion. She is the heiress to the L’Oreal fortune, in addition to being a socialite, businesswoman and philanthropist. Her father founded L’Oreal and she began working for the company as an apprentice at the young age of 15. The company went public in the 1960s and despite many ups and downs in its history, Bettencourt continues to hold a large portion of the shares in L’Oreal and she is ranked as the tenth most wealthy person in the world.
9. Jim Walton
The youngest son of Walmart founder Sam Walton, Jim Walton inherited a large portion of the company’s fortune from his father. He has a $40.6 billion net worth, making him the ninth richest person in the world in 2020. In addition to being on the Board of Directors of Walmart, Walton earns additional income by serving as CEO of Arvest Bank, which is another business owned by his family, and as chairman for Community Publishers Inc., which was founded by his father but is currently owned by Jim.
8. Christy Walton
John Walton tragically died in 2005 in a plane crash. After her husband’s untimely death, she inherited his share of the Walmart fortune. She and her family have a net worth of $41.7 billion, which makes them the eighth richest people in the world and her the second richest woman in the world. Before his death, John Walton invested in First Solar, which his wife continues to profit from.
7. David Koch
With a net worth of $42.9 billion, David Koch finds himself ranked as the seventh richest person in the world. Widely known for his philanthropic work in the medical field, Koch is a part of his family business, which is known as Koch Industries. It is the second-largest privately owned company in the United States. The company produces a variety of products, ranging from Dixie Cups to Quilted Northern tissue. Koch has donated to a wide variety of charities, including a fertility clinic in New York, Sloan Kettering, and the Lincoln Center.
6. Charles Koch
Charles Koch is technically tied with his brother, David Koch, for the position of the sixth richest person in the world in 2020. Both brothers have a net worth of $42.9 billion. Charles co-owns and is chairman and CEO of Koch Industries. Like his brother, Charles is also a philanthropist. He co-founded the Cato Institute, which is based in Washington, D.C.
5. Larry Ellison
Ellison has a net worth of $54.3 billion. Until 2020, he was the CEO of the software company Oracle Corporation. Ellison is an entrepreneur, philanthropist, and programmer. He has donated to numerous charities, including many medical charities. Many of these donations were inspired by his own experience with the medical field when he has a bicycle crash and shattered his elbow.
4. Amancio Ortega
Ortega is a leader in the Spanish fashion industry. He is chairman of the fashion company Inditex, which he founded. His company is most popular for its line of Zara clothing and clothing shops. Ortega likes to keep a low profile, which is evidenced by the fact that no photo of him had ever been published until 1999. He currently lives in Spain and continues to run Inditex. He has a net worth of $64.5 billion.
3. Warren Buffett
One of the most famous wealthy individuals in the United States, Buffett is an incredibly successful investor. He is the CEO and chairman of Berkshire Hathaway and he owns the largest number of shares in the same company. He has pledged to give away 99% of his wealth, which makes him one of the world’s most notable philanthropists. Besides his incredible philanthropy, Buffett is known for how frugally he lives, despite being the third wealthiest person in the world. With a net worth of $72.7 billion, it is not a surprise that Warren Buffett consistently ranks among the wealthiest people in the world.
2. Carlos Slim Helu
Carlos Slim Helu is widely known as the “Warren Buffet of Mexico.” He is a Mexican businessman and philanthropist. He has a net worth of $77.1 billion and is currently the second wealthiest person in the world. He is in charge of an extremely large business that spans many industries. Despite his varied business ventures, the majority of his wealth has come from the telecommunications industry. In addition to running his own business, he is currently the chairman of the telecommunications companies Telmex and America Movil. Slim has founded multiple charitable organizations, all of which are focused on improving Mexico City.
1. Bill Gates
The richest man in the world is Bill Gates. He has a net worth of $79.2 billion. The founder of Microsoft has also worked as the company’s CEO, chairman, and chief software architect. He is also on the board of Berkshire Hathaway, a company run by the aforementioned Warren Buffett. Some have criticized Gates for his non-competitive business strategies, but they have worked to get him to the top of the wealthiest people in the world. In his later career, Gates has donated millions of dollars to numerous charitable organizations and various scientific research programs. In addition to being an avid computer programmer and innovator, Gates has written several books. He founded the Bill and Melinda Gates Foundation, which is a charitable organization that does work in a variety of different capacities, some of which are global and some are national. The couple plans to eventually donate 95% of their personal wealth to the organization. Not surprisingly, the Bill and Melinda Gates Foundation was recently ranked as the wealthiest charitable organization.