According to the Forbes list of billionaires, Elon Musk is currently the richest person in the world. The Tesla and SpaceX founder currently has a net worth of $263.8 billion, growing to $112.8 billion by 2021.
1. Elon Musk
Elon Musk is set to be the richest man on the planet in 2022. He dived head first into some venture capital investments that promise huge returns instead of betting on smaller but safer companies that won't help. for him. the wealth he has now.
Elon admits that no one wanted to buy his electric car at first. Today, Tesla Motors is worth $1.02 trillion while the other ambitious venture, SpaceX, is valued at $100 million.
2. Bernard Arnault
Bernard Arnault is known as the richest man in Europe. He is a young investor who sees the crumbling French textile industry as a unique business opportunity. After taking full control of LVMH in 1989, Arnault expanded his empire by acquiring Céline, Kenzo, TAG Hauer, and Bulgari. By 2022, LVMH Moët Hennessy Louis Vuitton is worth $380 billion, making it the most valuable company in Europe. Furthermore, it makes him the richest person in terms of total net worth.
3. Jeff Bezos
Jeff Bezos held the top spot as the richest person for a while. But this year, the Amazon tycoon clung to third place with a net worth of $18.8 billion, a $9 billion difference from last year. Bezos founded Amazon in 1994. It was originally called Cadabra but later changed to something that started with the letter A. Why? Call it an original SEO strategy because the web listings back then were arranged in alphabetical order. Although Amazon's original goal was an online bookstore, Bezos plans to sell other products. His idea is far-fetched and competition is everywhere, but Bezos bets that the convenience the Internet offers will eventually catch up in retail. In 2022, Amazon's value is $1.78 trillion. JPMorgan estimates that Amazon will overtake Walmart to become the largest retailer in the United States based on the company's growth rate.
4. Bill Gates
We've all heard how Bill Gates built an empire out of his parent's garage, reinventing the desktop and giving us Microsoft. For decades, the tech genius has been on lists of the richest people on the planet, if not the richest. Bill Gates officially stepped down as CEO of Microsoft in 2000, then left his position as a Microsoft and Berkshire Hathaway board member in 2020. Since then, Gates has focused his efforts on founding the Bill and Melinda Foundation. Gates and support philanthropic movements for education and climate. global change, health, and development. Surprisingly, the name Bill Gates is still on the short list of the richest people on the planet. It's been almost a decade since he gave his business to Satya Nadella, and he's donated billions of dollars to charity. However, Bill Gates still holds the richest position on this year's list of billionaires with a net worth of $133.3 billion.
5. Larry Page
Larry Page is the co-inventor of the Google search engine, and he ranks fifth on the list with a net worth of $116 billion. He became a billionaire at the age of 30 after Google started making huge profits in early 2000. In 1999, Google's revenue was about 220,000 USD. To generate more profits, the company launched an advertising system called Google AdWords on October 23, 2000. It took a few years for their new feature to be activated, but in the end, AdWords has become a much more sophisticated tool than its competitors. Google immediately became a popular search engine for Internet users around the world. From 2003 to 2004, Google's annual revenue skyrocketed, from $400 million to $1.5 billion. In 2004, Google went public with Eric Schmidt as CEO. When he stepped down in 2011, Page stepped back from his role as CEO. In 2019, he resigned from the company, currently holding only a position on the board of directors.
Conclusion
Some billionaires have signed The Giving Pledge, a promise by the wealthiest to give away the majority of their wealth. Elon Musk, Bill Gates, Larry Ellison, Warren Buffett, and Mark Zuckerberg are the people from this list that have signed The Giving Pledge. A single idea that you execute with determination, creativity, and connections in the field can be the start of your billion-dollar company.
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