Top 5 richest people in the world also known as billionaires 2017
In a world with booming entrepreneurship success stories, success is often measured by the value one has in terms of money. The success, however, is years of hard work and toil that gets people where they are today as billionaires.
Bloomberg and Forbes Magazine have released a list of the 10 richest people in the world, with their net worth in billions of dollars as of 5/23/17. They profiled the top 10 billionaires over 200 billionaires for the exercise in the entire world. We look at the who’s who of the list.
1- Bill Gates: $87.8 Billion
From his perch atop the world’s largest private charitable foundation, Bill Gates keeps pushing to save lives in the developing world through efforts to eliminate polio, attack malaria and expand childhood vaccinations.
The richest person in the world for 18 out of the past 23 years, Gates stepped down as Microsoft chairman in 2014 but remains a technology advisor and board member of the company he cofounded in 1975. Gates sells his Microsoft shares on a regular basis and now owns 2.3% of the company, which in turn accounts for 13% of his fortune.
In December 2016, Gates announced the creation of a $1 billion Breakthrough Energy investment fund with about 20 other people – including Amazon.com CEO Jeff Bezos and Alibaba founder Jack Ma – to invest in new forms of clean energy.
2- Warren Buffett: $74.2 Billion
Known as the “Oracle of Omaha,” Buffett is one of the most successful investors of all time. His Berkshire Hathaway owns more than 60 companies, including Geico, Duracell and Dairy Queen. The son of a U.S. congressman, he first bought stock at age 11 and first filed taxes at age 13.
He has committed to giving more than 99% of his fortune to charity. So far he has given $28.5 billion. With friend Bill Gates, he launched The Giving Pledge, asking billionaires to donate their wealth.
3- Jeff Bezos: $82.8 Billion
Amazon‘s chief Jeff Bezos has soared to nearly the top of Forbes’ billionaires ranks as his online retailer’s stock has climbed, in part due to its booming cloud-computing unit, Amazon Web Services. He owns nearly 17% of Amazon.com.
Bezos boasted at the 2016 shareholders meeting that Amazon is the fastest company ever to reach $100 billion in annual sales, which it cleared in 2015. Raised by his mom and stepdad, a Cuban immigrant who adopted him, he quit a lucrative New York hedge fund job in 1994 with the simple idea to sell books online.
Bezos purchased The Washington Post in 2013 for $250 million.
4- Amancio Ortega: $71.3 Billion
Ortega is the richest man in Europe and the wealthiest retailer in the world. A pioneer in fast fashion, he cofounded Zara parent Inditex with his ex-wife Rosalia Mera (d. 2013) in 1975.
Ortega typically earns more than $400 million in dividends a year, and has plowed that money into an ever-expanding real estate portfolio, which includes buildings in Madrid, Barcelona, London, Chicago, Miami and New York.
5- Mark Zuckerberg: $56.o Billion
The Facebook CEO has seen his net worth soar as the social network’s stock price has skyrocketed.
A Harvard dropout, he founded Facebook in 2004 at the age of 19.
Zuckerberg and his wife, Priscilla Chan, have pledged to give away 99% of their Facebook stake over their lifetimes.