The number of billionaires is increasing rapidly nowadays. There are more than 2,095 billionaires in the world with a total net worth of $8 trillion. The total wealth of the top 10 richest people in the world is around $1 trillion. There are so many billionaires in the world, so it is hard to remember who is in the top 10. So to help you, we do some research and name the top 10 billionaires in the world.
Table of Contents
Here are the top 10 richest person in the world 2020 listed below:
10. S. Robson Walton
Samuel Robson “Rob” Walton is an heir to the fortune of the world’s largest retailer Walmart. He is the eldest son of Sam Walton and Helen Walton who was born on October 28, 1944 in Tulsa, Oklahoma. Rob became a member of the law firm that represented Walmart after his graduation. He also joined Walmart as senior vice president in 1978 and became vice chairman in 1982.
He has also served Walmart as a chairman from 1992 to 2015. According to a Forbes report as of March 2020, Robson Walton had a net worth of $54.1 billion which placed him in the list of top 10 richest person in the world 2020 at 10th position.
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9. Alice Walton
Alice Louise Walton is the daughter of Walmart founder Sam Walton and Helen Walton who is an American heir to the fortune of Walmart. Alice Walton is also the sister of Rob Walton, Jim Walton, and the late John Walton and was born on October 7, 1949, in Newport, Arkansas of the United States.
She was raised along with her 3 brothers in Bentonville and completed her high school from Bentonville HS. She graduated with a B.A. from Trinity University in economics and finance in San Antonio, Texas. She also worked as a money manager and an equity analyst for First Commerce Corporation and in her early career, she also headed investment activities at Arvest Bank Group.
Later, she founded Llama Company which is an investment bank in 1988 where she was president, chairwoman, and CEO. As of May 2020, with an estimated net worth of $54.4 billion, she was ranked as the 9th richest person in the world.
8. Jim Walton
Jim Walton is an heir to the fortune of the world’s largest retailer Walmart. He was born in Newport, Jackson County, Arkansas on June 7, 1948. He is the third child of Walmart founder Sam Walton and Helen Walton with siblings Rob Walton, Alice Walton and John Walton. Jim received a bachelor’s degree in business administration in marketing from the University of Arkansas in 1971 after graduating from Bentonville HS in 1965.
After graduation, in 1972 he joined Walmart where he was involved in its real estate dealings. He was CEO of his family-owned Arvest Bank and also became Chairman of Arvest Bank. He also served as chairman of the newspaper firm Community Publishers inc. (CPI) owned by Jim Walton himself. Jim Walton was the 8th richest person in the world with a net worth of $54.6 billion as of March 2020.
7. Mark Zuckerberg
Mark Zuckerberg is an American internet entrepreneur and philanthropist who is known for co-founding Facebook Inc. Zuckerberg was born in White Plains, New York on May 14, 1984 in the United States. He also serves as the chairman, chief executive officer and controlling shareholder of Facebook. He is also a board member of the solar sail spacecraft development project Breakthrough Starshot which was co-founded by him.
Mark Zuckerberg joined Harvard University and he launched the Facebook social networking service from his dormitory room with the help of his college roommates on February 4, 2004. The site expanded rapidly and reached one billion users by 2012 but originally the site was launched to select college campuses. He took the company public with majority shares in May 2012.
He became the world’s youngest self-made billionaire at the age of 23 in 2007. As of 2019, Mark Zuckerberg is the only person under 50 and under 40 in the Forbes ten richest people list and top 20 richest people list respectively. As of March 2020, his net worth is estimated to be nearly $54.7 billion which makes him the 7th richest person in the world.
6. Amancio Ortega
Amancio Ortega Gaona is a Spanish billionaire business who is the founder and former chairman of the Inditex Fashion Group which is best known for its chain of Zara clothing and accessories shops. Amancio was born in Busdongo de Arbás, Leon, Spain on March 28, 1936. He spent his childhood in León.
He left his school and moved to A Coruña due to the job of his father at the age of 14. He founded Confecciones Goa to sell quilted bathrobes in 1972. In 1975, Amancio and his wife Rosalía Mera opened their first Zara store and in 2009, Zara was a part of the Inditex group of which he owned 59.28% shares.
As of December 2019, Ortega was the second wealthiest person in Europe with a net worth of $68.3 billion. He also was the richest person in the world for a short period of time in 2015. As of March 2020, he had a net worth of $55.1 billion which placed him in the 6th position of the richest person in the world.
5. Larry Ellison
Lawrence Joseph Ellison is an American businessman, investor and philanthropist. He is also known as a co-founder and the executive chairman and chief technology officer of Oracle Corporation. Larry was born in New York City on August 17, 1944 to a Jewish mother and Italian American United States Army Air Corps pilot father.
In the early 1970s, Larry Ellison became influenced by Edgar F. Codd’s research on relational database design while working at Ampex which led to the formation of Oracle in 1977. According to Forbes, he was the 4th richest person in tech in 2017. Ellison also became a director on the board of Tesla Inc in December 2018.
As a report of Forbes magazine in October 2019, he was the 6th wealthiest person in the world. As of March 2020, he was the 5th richest person in the world with an estimated net worth of $59 billion.
4. Warren Buffett
Warren Edward Buffet is an American investor, businessman, and philanthropist who is known as the chairman and CEO of Berkshire Hathaway. Warren Buffet was born in Omaha, Nebraska on August 30, 1930, and he had developed an interest in business and investing in his young age.
Buffet joined the Wharton School of the University of Pennsylvania and graduated from the University of Nebraska at the age of 19. He went to Columbia Business School where he milder his investment philosophy around the concept of value investing. He also attended the New York Institute of Finance to focus his economics background. Warren also created Buffett Partnership LTD in 1956.
He had a net worth of $88.9 billion as of December 2019. He is the 4th richest person in the world with a net worth of $67.5 billion as per a Forbes report in March 2020.
3. Bernard Arnault
Bernard Jean Étienne Arnault is a French billionaire businessman and art collector who is the chairman and chief executive of LVMH Moet Hennessy– Louis Vuitton SE, LVMH which is the largest luxury goods company. Bernard Arnault was born on March 5 1949 in Roubaix of France.
He studied at the Lycée Maxence Van Der Meersch in Roubaix. He graduated from the École Polytechnique which is France’s leading engineering school. Later in 1971, he began his career working for Ferret-Savinel which is a company owned by his father. He was also a president of Ferret-Savinel from 1978 to 1984.
He also became the richest man in the world in December 2019 by surpassing Jeff Bezos. As of March 2020, he had a net worth of $76 billion which makes him the 3rd richest person in the world.
2. Bill Gates
William Henry Gates is an American business magnate, investor, software developer, and philanthropist who is the co-founder of Microsoft Corporation. Gates also served as the chairman, chief executive officer, president and chief software architect of Microsoft Corporation. He was born on October 28, 1955, in Seattle, Washington of the United States.
Bill Gates is also considered as the best entrepreneur of the microcomputer revolution of the 1970s and 1980s. Bill Gates co-founded Microsoft Corporation with his childhood friend Paul Allen in 1975 in Albuquerque, New Mexico which went to be the world’s largest personal computer software company. Bill has been included in the Forbes list of the world’s wealthiest people since 1987.
He also held the Forbes title of the richest person in the world from 1995 to 2017. But in October 2017, he was surpassed by Amazon founder and CEO Jeff Bezos and Bezos become the richest person in the world. Now as of report by Forbes in march 2020, Bill Gates is the 2nd richest person in the world with an estimated net worth of $98 billion.
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1. Jeff Bezos
Jeffrey Preston Bezos is an American industrialist, investor, and media proprietor who is known as the founder, CEO, and president of the online retail company Amazon. He was born on January 12, 1964 in Albuquerque and raised in Houston and later in Miami.
In 1986, Bezos graduated with a degree in electrical engineering and computer science from Princeton University. He worked in a variety of related fields on Wall Street from 1986 to early 1994. He founded Amazon in late 1994 on a road trip from New York to Seattle. At first, he began the company as an online bookstore and later he expanded to a wide variety of e-commerce products.
Since 2017, Jeff Bezos has been the world’s richest person in the world. In September 2018, Forbes also described Bezos as “far richer than anyone else on the planet earth” because he added $1.8 billion to his net worth. Jeff Bezos is the richest person in the world with a net worth of $113 billion according to the Forbes report in March 2020.
Final Words
So that’s it, guys. I hope you got to know about the top 10 richest people in the world after reading this article. This article is based on the report of Forbes in March 2020. If you have any questions then you can also comment down. We will surely try to reply to you.
