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He continues to be credited with the same stake in the firm based on a February 2023 New York Times report that he was given a special class of shares ensuring he retained an economic interest in Bridgewater. Google co-founder Larry Page’s net worth stood at the eighth spot with a net worth of $49 billion. Carlos Slim’s America Movil owns Mexico’s largest telecommunications network.
We list individuals rather than multigenerational families who share large fortunes, though we include wealth belonging to a billionaire’s spouse and children if that person is the founder of the fortune. In some cases we list siblings or couples together if the ownership breakdown among them isn’t clear, but here an estimated net worth of $1 billion per person is needed to make the cut. We value a variety of assets, including private companies, real estate, art, yachts and more. When documentation isn’t supplied or available, we discount fortunes.
Joe Gebbia cofounded peer-to-peer room and home rental company Airbnb with Brian Chesky and Nathan Blecharczyk in 2008. Mikhail Prokhorov sold a 49% stake in the Brooklyn Nets to Alibaba executive Joseph Tsai in a $2.3 billion deal in 2018. A former Caspian Sea oil rig worker, Vagit Alekperov became a deputy minister overseeing the oil industry in the Soviet Union.
- As a result, he failed to make the top 10 for the first time since 2004 and lost his title of richest Asian to Hong Kong’s Li Ka-shing.
- The Index reports on hidden wealth and has uncovered more than 400 hidden billionaires since its founding.
- The United States had 492 billionaires on the list, the most of any country.
Last year, for instance, Sen. Bernie Sanders took to Twitter to talk about how the Mars family was benefiting from the rising cost of Halloween candy. Randa Duncan Williams is the only one of the children actively involved with the company, serving as a non-executive chairwoman. The Brown family is behind Jack Daniel’s, Woodford Reserve, and Old Forester, among other alcohol brands. An estimated 25 family members own more than half of Brown-Forman Corp., which began with pharmaceuticals salesman George Garvin Brown in 1870. The Marshall family has spent millions in a legal battle over their fortune.
These rankings excluded first-generation fortunes — like those of Jeff Bezos and Bill Gates — as well as fortunes controlled by a single heir. France’s Bernard Arnault is the new richest person in the world having surpassed South African-born Elon Musk. They are followed by United States’s Jeff Bezos who rounds out the Top 3. Steve Marcus/APÁlvarez collects tens of millions of dollars every time he steps in the ring, scoring big with blockbuster fights against Dmitry Bivol and Gennadiy Golovkin over the last 12 months. The boxer is behind sports drink maker Yaoca, fitness app I Can and gas station chain Canelo Energy, and he has his own clothing line and branded credit card. The 2018 total was tilted by an extraordinary outlier in boxer Floyd Mayweather Jr., who hit $285 million that year—the second-highest payday for an athlete in the 33-year history of the Forbes list.
On His Coronation Day, King Charles’ Net Worth Is $150 Million Larger Than Queen Elizabeth’s Peak Fortune
Making her debut on the list at age 27, Spanx founder Sara Blakely became the youngest self-made female billionaire ever. Colombia’s Alejandro Santo Domingo was the highest-ranked newcomer, inheriting a $9.5 billion stake in Santo Domingo Group from his father. India’s Lakshmi Mittal was the largest loser as his fortune dropped from $31.1 billion to $20.7 billion as the price of steelmaker ArcelorMittal fell sharply. As a result, he failed to make the top 10 for the first time since 2004 and lost his title of richest Asian to Hong Kong’s Li Ka-shing. Edward C. Johnson founded one of the world’s largest mutual-fund companies, Fidelity, in 1946, which has been run by three Johnson generations since. As of 2020, the family owns 49% of the company, which is shared among six family members, according to Forbes.
Hong Kong’s 50 Richest 2023 – Forbes
Hong Kong’s 50 Richest 2023.
Posted: Wed, 22 Feb 2023 08:00:00 GMT [source]
9 Sergey Brin Net Worth $93 Billion Sergey Brin is a Russian-born American computer scientist and internet entrepreneur who has a net worth of $93 billion dollars. Sergey Brin earned his net worth as the co-founder of Google, which today is known by umbrella parent company Alphabet. He co-founded the company with Larry Page, a classmate at Standford’s computer science graduate program. View profilesfor each of the world’s 500 richest people, see the biggest movers, and compare fortunesor track returns. Overall, just 12 percent of the list lost wealth since 2009, and 30 people fell off the list. Steve Forbes said the growing number of billionaires was a clear sign that the world’s economy was recovering from 2009’s global financial crisis.
#73 | Thomas Frist Jr & family
The Rollins family’s wealth comes from the pest-control company Rollins Inc., which generated over $2 billion in sales in 2022. In 1948, John and Orville Rollins founded the company when they bought several local radio stations. The company got into the bug-killing business in 1964, when it acquired Orkin for $62 million. As of 2021, Rollins was the largest pest-control company in the US based on revenue. The economic landscape in India witnessed a significant shift in the billionaire race as the country’s wealthiest individuals recovered after their wealth declined in the first quarter of this year.
- Yang Huiyan owns 57% of real estate developer Country Garden Holdings, a stake largely transferred to her by her father Yeung Kwok Keung in 2007.
- The youngest son of Sam Walton, the founder of Walmart, Jim Walton has 44% stakes in Arvest Bank.
- Mexican telecommunication mogul Carlos Slim came in second place after being number one the previous four years.
Dan L. Duncan founded the gas and oil company Enterprise Products Partners in 1968 with just $10,000. After he died in 2010, the company remained under family control, and his four children inherited a nearly $10 billion estate. The Busch family roots in the beer industry date back to 1876, when Adolphus Busch created what is now known as Budweiser. While the company passed through each family generation, an estimated 25% of the business was sold between 1989 and 2008, and it was fully bought out for $52 billion in 2008.
One of the most obvious changes though, is that the richest billionaires have accumulated a lot more wealth in recent years. To coincide with the release of the 2012 list, Forbes announced a then-new “Billionaire Real-Time Ticker” updating the wealth of the world’s top 50 billionaires in real time. When a living individual has dispersed his or her wealth to immediate family members it is included under a single listing (as a single “family fortune”) provided that individual is still living. While the vast majority of the world’s billionaires added to their fortunes in the past 12 months, 16% had fortunes that slipped. One notable loser was President Donald Trump, whose fortune fell $400 million since March 2017 to a current $3.1 billion. Forbes pinned down 259 newcomers who made their fortunes in everything from tech and aerospace to private aviation and wedding dresses.
#132 | Sunil Mittal & family
He has a net worth of $53.9 billion and as per the index, he is placed at the sixth rank. Charles Koch & David Koch — These two bothers tie for the eighth spot on the list with a net worth of $60 billion each from their companyKoch Industries. Idan Ofer is one of two sons of shipping magnate Sammy Ofer, who died in 2011 and was once Israel’s richest man. Richard Liu, who also goes by Liu Qiangdong, is the founder, chairman and chief executive officer of Chinese e-commerce firm JD.com.
Although his wealth is significantly down compared to last year, his wealth was up by $5.6 billion in April. Each billionaire’s profile includes explanations of asset valuations and more details of each fortune. LCH estimated that by 2020 Bridgewater had made investors more than $58 billion since 1975.
Mickelson gave his new tour a performance to be proud of at the Masters last month, posting a final-round 65 to finish in a tie for second with his LIV Golf mate Brooks Koepka. The tycoon’s conglomerate operates a diverse portfolio covering petrochemicals, refining, oil and gas exploration, and telecommunications. Ambani has taken his company to great heights ever since he took over in 2004 after his father Dhirubhai Ambani’s sudden demise.
#8
Renata Kellnerova is the widow of Petr Kellner, the former richest person in the Czech Republic, who died in March 2021 at age 56. Stefan Persson is Sweden’s richest person by way of global cheap chic fashion retailer Hennes & Mauritz, of which he owns 36%. Using annual data from Forbes on the richest billionaires, we’ve visualized the wealth and ranking of the top 10 billionaires over the past decade. The list was finalized as of 18 March, thus was already partially influenced by the COVID-19 pandemic. In the 36th annual Forbes list of the world’s billionaires, the list included 2,668 billionaires with a total net wealth of $12.7 trillion, down 97 members from 2021. The Lauders are active philanthropists, and Estée Lauder’s sons, Leonard and Ronald, are major art collectors.
Marcel Hermann Telles is one of the controlling shareholders of Anheuser-Busch InBev, the world’s largest brewer, of which he owns a minority stake. Lei Jun is the cofounder and chairman of Xiaomi, one of the world’s most popular smartphone brands. Wang Jianlin chairs Dalian Wanda Group, which has investments in real estate, finance and movie theaters. Dhanin Chearavanont is senior chairman of Charoen Pokphand Group, one of the world’s largest producers of animal feed and livestock. Scott Farquhar is cofounder of collaboration software company Atlassian, based in Sydney, Australia.
An top 100 richest people in the world 2018 11 members of the Dorrance family own more than 50% of Campbell’s Soup. John T. Dorrance invented the process for condensing soup in the late 1800s. Today, the company owns more than soup, including the brands V8, Pepperidge Farm, and Snyder’s, generating more than $8 billion in annual revenue. Brothers Ernest and Julio Gallo founded the world’s largest winemaker in Modesto, California.
Ryan Reynolds Net Worth and Business Empire Explained – Investopedia
Ryan Reynolds Net Worth and Business Empire Explained.
Posted: Sat, 18 Feb 2023 13:41:09 GMT [source]
Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made. Interviews are conducted to vet the figures and improve the estimate of an individual’s holdings. Finally, positions in a publicly traded stock are priced to market on a date roughly a month before publication.
Liu Yongxing chairs East Hope Group, whose business interests include heavy industry, agriculture and real estate. Eyal Ofer is chairman of the Monaco-based Ofer Global, active in shipping, real estate, technology, banking and investments. David Tepper, arguably the greatest hedge fund manager of his generation, has been steadily returning money to client investors in recent years. R. Budi Hartono and his brother, Michael , are the two richest people in Indonesia. Qin Yinglin, chairman of China’s Muyuan Foodstuff, made his fortune as the country’s largest pig breeder in the world’s biggest pork market.
The Middle Eastern money flowing into golf and soccer has sports stars making more than ever—an estimated $1.1 billion in one year for these ten, beating the all-time record set in 2018. Cyrus Poonawalla, the MD of the Serum Institute of India, was on the list of elites who gained the most compared to India’s top 10 richest people. Poonawalla, so far this year, has garnered $4.14 billion – more than any of his counterparts. The full index is available online on the Bloomberg Terminal for free.
A majority of the list were entirely self-made; 184 inherited their wealth, and 281 achieved their fortune through a combination of inheritance and business acumen. Vietnam’s Phạm Nhật Vượng was the first person from that country to be included in this list. Larry Page, the co-founder of Alphabet, the holding company for Google, has a net worth of $96.1 billion and ranks eighth among the world’s richest persons.
Chemicals giant DuPont was founded in 1802 as a gunpowder manufacturer. Over time, it evolved into producing everything from dynamite to plastics and invented nylon and Teflon. About 3,500 family members control the majority of shares in the company, although none take part in running the company. H.L. Hunt laid the foundation for his family’s fortune with Hunt Oil Company. His many heirs command several fortunes, from Hunt Oil and Petro-Hunt to Rosewood Hotels & Resorts. His children spend their billions on real estate, like the 6 million-square-foot underground business park SubTropolis, and sports teams.