Who Is The Richest Man On Earth – The world’s billionaires are an impressive group, but nine out of ten are self-employed.
Announced its list of the 400 richest people in America. Jeff Bezos is at the top of the list for the second year in a row in 2019, to no one’s surprise. The Amazon founder retained the top spot despite a divorce that dropped his net worth from $160 billion to $114 billion.
Who Is The Richest Man On Earth
Globally, Americans represent a fraction of the world’s richest people, accounting for seven of the top 10 (see below). Many of the names that make up the names of the world’s richest people are well-known, like their names – Google, Facebook, Microsoft, etc. (Some – like Amancio Ortega and his national fashion brand Zara – are probably less well-known.)
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It’s a beautiful group, but what unites these people (besides their great wealth) is that all but Bernard Arnault, head of Louis Vuitton, who split his father’s company in 1971, are independent entrepreneurs. (This is in contrast to earlier periods in human history when the richest people were conquerors and political leaders.)
Larry Ellison, founder and CEO of Oracle, was born in 1944 to a Jewish mother in New York City and raised by his mother and father (his aunt and uncle) on the South Side of Chicago. At age 22, Ellison dropped out of the University of Chicago after one semester and moved to California, where he was hired by an electric company. In 1977, with $1,200 of his own money, he started a small company with two partners and got a contract to develop the CIA’s information management system – which they called Oracle. It becomes the name of the company in 1982 (Oracle Systems Corporation, later shortened to Oracle).
The youngest of four children, Amancio Ortega was born in Busdongo de Arbás, León, Spain. The son of a railroad worker, as a young man Ortega moved with his family to A Coruña, where he worked with a local shirt maker and learned to make clothes by hand. At the age of 16, he decided that the key to success in business was not stocking clothes, but getting customers what they wanted, when they wanted it. In 1975, Ortega used his small savings to open his first grocery store — a block away from the store where he once worked. Her name is Zara. More than four decades later, Zara stores around the world still use the “fast fashion” concept, making new clothes twice a week and fulfilling orders within the first 48 hours.
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Who can forget Bill Gates? At the age of 13, when most kids were playing sports or video games, Gates wrote his first piece of software. He enrolled at Harvard in the fall of 1973, but left after just two years to join his hometown friend Paul Allen in Albuquerque, New Mexico, where they shared their creative language. New: Microsoft Basic.
Carlos Slim was born in Mexico City in 1940. The son of Lebanese immigrants, Slim learned about finance from his father, who died in 1953 when Slim was just 13 years old. At that time, Slim had already married the first government and participated in Mexico’s largest. Bank. Bezos has two different experiences: being a high school principal and working breakfast at McDonald’s on short order. After four years, he earned enough to start his own brokerage firm – Inversora Bursátil – and started working for Grupo Carso, the international trading company Slim founded in 1990.
Larry Page was born in Lansing, Michigan. As the son of a computer science professor, he decided to write his dissertation on the link structure of networks and the role of credentials. Page is collaborating with another Stanford graduate, Sergey Brin, to use research to create Google’s PageRank algorithm, which produces the world’s best search results.
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The magazine continues. Warren Buffet made thousands of dollars selling newspapers at a young age and sold his first company at the age of 17. Mark Zuckerberg famously posted Facebook from his university with his friends – where he tried to impress everyone he worked with. . Michael Bloomberg is the son of an accountant. After being let go from his investment bank (with no pay package), he used the capital he earned to start his own business selling business information to clients. Today, Bloomberg L.P. is the world’s leading provider of business information and insights, employing 20,000 people in 167 offices on two continents.
And then there’s Bezos. The owner of the world’s largest retailer was born Jeffrey Preston Jorgensen in Albuquerque, a 17-year-old high school student and bicycle shop owner in 1964. After a divorce, his mother married Miguel, a Cuban immigrant, four years later. “Mike” Bezos, who moved his family to Houston and later to Miami. Before Bezos went to Princeton and started Amazon in his garage in 1994, he had the distinction of being a high school principal and working as a breakfast orderer at McDonald’s.
It is a common belief that most rich people got their money from a rich uncle or were born with jewelry in their mouths, but the opposite is true.
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Authors William D. Danko and Thomas J. Stanley noted that less than 20 percent of the wealthiest people in America receive more than 10 percent of their wealth.
These self-made entrepreneurs have become rich by taking risks to become visionaries who lead to innovations that improve the world around them.
The same goes for billionaires, only more so. Even Bernard Arnault, the man on the list who did not start his own company, can say that most of his income. In 1976, after Arnault persuaded his father to give up his construction and switch to real estate, he sold it for about 40 million francs—about $31 million (USD) in 2018 dollars. That’s less than one-tenth of one percent of his estimated $76 billion fortune today.
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This is not to say that some of these billionaires do not have interests or privileges. Warren Buffett is the president’s son. Carlos Slim worked hard, but his family was not doing well. Bill Gates and Mark Zuckerberg and probably others attended private schools that are undoubtedly better than your average public school.
It is undeniable that these self-made entrepreneurs have become rich by taking risks to become visionaries, leading to innovations that improve the world around them. And that’s what business is all about.
His writing/publications have been featured in TIME magazine, The Wall Street Journal, CNN, Forbes, Fox News, and the Star Tribune.
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Please do not edit the text, remember to credit the author and say that this article was originally published in How to become the richest man in the world in 1820, 1850 or 1900? And how does it compare to today? Rounding up the most successful and richest businessmen and entrepreneurs of the last few hundred years, we list the richest people of each decade, excluding politicians and heads of state.
The son of a naval captain, Stephen Girard was born in Bordeaux, France, in 1750 and went to sea at an early age before settling in 1776 in Philadelphia, where he established himself as a merchant. Girard amassed a fortune importing and exporting goods in the bustling city, and by 1810 became the richest man in the world. In 1811, Girard established his own bank, providing the main source of credit for the US government at the time. War of 1812. At the time of his death in 1831, the philanthropic financial system held about 1/150th of the United States’ gross domestic product of $7.5 million, equivalent to $182.2 million (£147.3 million) in today’s money. He gave almost all of his winnings to charity, including orphanages, libraries and schools in Philadelphia and New Orleans.
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After Girard’s death in 1831, Nathan Mayer Rothschild, scion of the Rothschild banking dynasty, became the richest man in the world. Born in Frankfurt in 1777, the German financier moved to England in 1798 and founded a textile and trading company that brought him a lot of money. When Rothschild died in 1836, he was worth 0.62% of Britain’s income.
John Jacob Astor was born in Walldorf, Germany in 1763 and immigrated to America at the age of 21, where he started a fur trade and made a fortune. At the time of his death in 1848, the German-American businessman, who was also a major player in the real estate and drug business, had a net worth of $20 million, equivalent to $599 million (£484 million) in today’s money.
Another self-identified businessman, Cornelius Vanderbilt, was born on Staten Island, New York in 1794. Vanderbilt descended from Dutch indentured servants.
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