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Top 8 Richest People in the World
Bill Gates
There’s not much else to say about Gates that hasn’t already been said. He’s helped shape and invent a lot of what we use online today. Now, he dedicates his time to helping others through the Bill & Melinda Gates Foundation. Although $88 billion is an astronomical amount of money, he has pledged to give away 95% of his wealth through his foundation before he dies. In fact, at present, he has given more than $28 billion – an average donation of $2 billion per year! Unfortunately for us all – maybe fortunately for Bill and Melinda – they don’t have any children to leave their fortune to, so that means it will go back into charity!
Warren Buffett
You won’t find anyone who isn’t impressed by Buffett’s success. The Oracle of Omaha, as he has been called, is one of America’s most respected investors. His investing strategy involves buying companies that have a solid track record and are selling at a reasonable price—he says you should buy stocks like you would groceries. He's also said that it's important to invest for the long term and not get caught up in day-to-day market volatility. Despite his age, Buffett continues to be successful; he is No.
Mark Zuckerberg
With a net worth of $72.7 billion, Zuckerberg is one of just eight billionaires who are under 40 years old, according to Forbes' annual rankings. The Facebook co-founder was named Time's Person of the Year for 2010 after he turned a dorm-room startup into a ubiquitous social media giant that has become deeply entrenched in our daily lives. He also founded the philanthropic initiative Startup: Education which helps promote entrepreneurship and improve access to quality education around the world. Zuckerberg launched Facebook from his Harvard University dorm room in 2004. Since then, it has grown to more than 1 billion users worldwide. The site makes money by selling ads targeted at its users based on their interests and activities on Facebook or other websites they've visited. In 2011, revenue hit $3.71 billion; up more than 50 percent from 2010. A large chunk of that came from mobile advertising sales, which grew dramatically during 2011 as more users accessed Facebook through smartphones and tablets rather than computers.
Larry Page
$26.8 billion fortune —Google, Alphabet CEO. Net worth increased by $3.6 billion. Grew up in East Lansing, Michigan. Started Google with Sergey Brin after he dropped out of the Stanford Ph.D. program; Brin is a net worth of $32.3 billion (No 2). The page has a bachelor's degree from the University of Michigan and an MBA from Stanford. In 2002 Page started Google X, which developed Glass and driverless cars for Alphabet. Page is married to Lucy Southworth since 2007; they have two children. Lives in Palo Alto, California.
The Bottom Line
It’s not always about how much money you make, but how much you keep. One of the most cost-effective ways to do that is to invest early and often, even if it means sacrificing a larger paycheck. A 20-year-old investing $5,000 at an 8% annual rate of return will have roughly $40,000 by age 40. A 40-year-old who starts with a 5% rate will have less than half of that — and may need to work longer. This doesn’t mean you should put off saving for retirement; it just means you shouldn’t be afraid to start earlier rather than later. This is especially true if your employer offers matching contributions, as many companies offer today. You can also contribute to a Roth IRA or 401(k) plan before taxes are taken out of your paycheck (as opposed to an after-tax contribution). That way, your savings grow tax-free until withdrawal. Remember: time is on your side when it comes to saving for retirement!
Gautam Adani
With a net worth of US$7.8 billion, Gautam Adani is India’s wealthiest man. He owns about 70% of Mundra Port and Special Economic Zone Ltd., which he co-founded with his brother and a business partner in 1998. Adani has plans to invest as much as $16 billion into building India’s largest port, which would become a critical part of China’s One Belt, One Road initiative. However, environmental activists have voiced concerns over pollution from such massive infrastructure projects near delicate marine ecosystems—and such opposition may derail Adani’s grand plans for expansion. Nevertheless, his cement company continues to perform well and has recently ventured into renewable energy sources.
Steve Ballmer
With a net worth of $20.3 billion, Ballmer is ranked number eight on Forbes’ 2011 list of billionaires, making him one of only five American CEOs to make it into The World’s Billionaires Top Ten. Among tech billionaires, he was also ranked number one. He began his career at Microsoft in 1980 and rose quickly through its ranks to become CEO in 2000 (the same year Gates stepped down). He resigned from that position on February 4, 2014, and remains a member of Microsoft's board of directors. In June 2013, he announced plans to buy the Los Angeles Clippers for an estimated value of $2 billion; upon completion of the purchase, he became both owner and chairman.
Sergey Brin
Despite being a relatively young billionaire at age 39, Brin has already made an incredible amount of money. He has a net worth of $33.4 billion and is one of four billionaires on our list who are under 40 years old. Born in Russia, Brin arrived in America with his family when he was 6 years old and earned his degree from Stanford University. These days, you’ll find him as Google's co-founder and president, working to ensure that Google lives up to its motto: Don't be evil. We couldn't agree more! It turns out that sometimes doing well by doing good can also do very well for you!
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