The Richest People in the World in 2021: How They Made and Maintained Their Wealth
Updated: Jan 26
Curious to know who and who made it to the Forbes list of richest people in the year 2021? Interestingly, the number of billionaires increased by 660 from 2020, making 2755 billionaires in the world today. This implies that despite the effect of the pandemic on the economy some businesses seem to be still thriving increasingly.
Let's see a few of these richest people in the world and how they made their wealth in this article. This assessment will be based on their net worth since the majority may have their money in investments rather than cash.
#7. Bernard Arnault
Beard Arnault is another name to reckon with when you talk of the richest people in the world. The 72-year old French luxury goods dealer is the richest man in the world with a net worth of $170 billion.
Bernard Arnault is the CEO of LVMH, the largest luxury goods company on the planet. Some of the notable brands in the world today including Louis Vuitton and Hennesy, Bulgari, Sophia, and Christian Dior are all under LVMH. Renault started as a manager of his father's construction company, Fertet-Savinnel which he later converted to a real estate firm.
Six years down the line, in 1984, he took over the control of Financière Agache and sold off the company's holdings leaving Christian Dior and Le Bon Marché. His stake in Christain Dior is now his primary source of wealth. Arnault became a majority shareholder in LVMH in 1987 and two years later, the CEO.
#6. Jeff Bezos
The founder of the popular Amazon has bagged a record for being a 3times world's richest man. Jeff Bezos's net worth is $202billion with Amazon as his major source of wealth among other investments. As of November 2021, Jeff Bezos was the second-richest man in the world as his net worth exceeded $200 billion.
Bezos founded what was supposed to be an online bookstore (Amazon) in 1994, but today the online store has gone beyond the sales of books to a host of other retail goods. Currently, Amazon is arguably the largest retailer in the world, the company has experienced rapid growth. And, in the record of its growth, 2020 was significant as a result of the popularity the pandemic brought to online shopping.
Jeff Bezos's story of wealth shows commitment to vision as he founded Amazon shortly after he left his work with D.E. Shaw. From news gathered he has initially shared his idea with his then-boss David E. Shaw, but unfortunately, his boss didn't see a future in Jeff's idea. However, Jeff refused to let himself be discouraged and rather stuck to his vision. Amazon's status today shows that his effort and commitment paid off.
#5. Elon Musk
Elon Musk is a prominent entrepreneur born on June 28 1971 in Pretoria, South Africa. He has founded and co-founded different phenomenal businesses on the world's list today, a one-time richest man in the world. His business career started in 1995 when he co-founded Zip2, a web software company with his sibling to create and market internet city guides.
Unfortunately, they sold Zip2 in 1999, a sale that fetched him his first million-dollar. In that same year, he founded X.com, a financial service company whose name was later changed to the popular PayPal today. However, in 2002, eBay bought the company in stock for $1.5 billion, and as the largest shareholder with 11.7%, Musk received over $100 million.
Elon Musk used his gains from the sale of PayPal to launch his Space Exploration Technologies Corp. (SpaceX) in 2002. Not long after that, in 2003, Elon co-founded Tesla, Inc. with Marc Tarpenning and Martin Eberhard. Tesla is currently one of the leading automobile companies in the world. Tesla and SpaceX are the two major sources of Elon's Wealth. Elon Musk's current net worth is $278 billion.
#4. Bill Gates
Bill Gates is one world’s richest man, the co-founder of Microsoft with a 1.3% ownership stake. Bill Gates net worth is $137billion, thanks to the consistently impressive performance of Microsoft Corp.
Bill's passion led him to leave his education at Havard to start the new world's largest software company with his friend Paul Allen. Since the company's inception, Microsoft has expanded to now manufacturing computers, sales of video games and other peripheral devices.
#3. Mark Zuckerberg
This list would probably not be complete without the young tech entrepreneur, Mark Zuckerberg. Mark Zuckerberg is only 36 and if you are a Facebook user then you probably have contributed to Mark Zuckerberg's net worth of $121 billion. He co-founded Facebook in 2004 with a few of his colleagues as a student of the prestigious Havard university.
When the community began to expand massively, Mark had to drop out of school to focus on his business. Well, his hard work over the years obviously paid off, today Facebook has over 2.9 billion active monthly users, significantly influencing huge returns.
#2. Larry Page
Larry Page is the co-founder of one of the largest search engines in the world, Google, a subsidiary of Alphabet's holding company. Larry during his school days joined hands with his friend Sergey Brin to found the Google search engine in 1988.
Google has recorded massive growth since its expansion to accommodate videos through the purchase of YouTube in 2006. The company also invested in the operating system and cloud computing. While all these facets of the company thrive based on the popularity that the search engine has already gained, Google remains the most profitable. Page's net worth is $131 billion.
#1. Warren Buffett
Born on 30th August 1930, Warren Buffet is among the first persons to discover the potentials of value investing. The investment expert made his wealth from his investment in Berkshire Hathaway, a textile company.
He bought his first shares in the company in 1962 and by 1965 he was a majority shareholder in the company. He grew the company using different investment strategies including diversification. Today, Berkshire Hathaway is one of the top picks for investors with share trading at over $427,400 as of Dec. 8, 2021.
This list of richest people in the world contains few, the top seven. One remarkable thing about these people is initiating something new to solve a need.