Seven individuals according to the Forbes magazine own half of the world’s fortune. Interestingly, these seven individuals whose net worth is quoted by the magazine as $426.2 billion are all males and they made their fortunes from technology.
Even though the anti-poverty activists Oxfam strongly argue that the list is a manifestation of the level of income inequality in the world, the wealth of these individuals and what they represent will at any point in time be part of any discussion related to business and wealth.
Here Is A Look At Who They Are…
1. Bill Gates: $75 billion
Top on the list of these group of tycoons is 61-year-old Microsoft co-founder, Bill Gates. Bill co-founded Microsoft in the mid-70s and has been able to grow it into the world’s biggest software company.
He quit as CEO in 2000 and has been actively engaged in the philanthropic activities of the Bill and Melinda Gates Foundation.
2. Amancio Ortega: $67 billion
The second richest man on the planet is 80-year-old Zara owner, Amancio Ortega. Ortega, a Spaniard who opened the first Zara fashion shop in 1975 is the richest person in Europe. Currently, he holds 59 percent in the company, which has a market value of over 97 billion euros ($102 billion).
3. Warren Buffett: $60.8 billion
Warren according to Forbes is worth $60.8 billion. Buffett began investing as a teenager in the 1940s and gradually grew his firm, Berkshire Hathaway and it is believed that his frugality and interest in investing in companies with proven business models over new industries, such as technology might have contributed to his success.
4. Carlos Slim Helu: $50 billion
The Mexican telecom tycoon owes his fortune thanks to a major ownership in America Movil, a telecommunications multinational worth $42 billion.
He personally owns about 7 percent in the company while his broader family retains a 37 percent stake. The 76 years old Carlos Slim was ranked the richest person three years ago by Forbes but saw his net worth hit by a downturn in Latin American economies.
5. Jeff Bezos: $45.2 billion
The next lucky person on this prestigious list is the founder and CEO of Amazon.com, Jeff Bezos who helped revolutionize the retail industry by popularizing online shopping. What was initially an online book shop has grown into a big company and now sells almost everything.
He now holds 17 percent stake but has been able to successfully venture into other areas as he now owns the Washington Post, an aerospace company and Blue Origin, a firm that aims to make space accessible to tourists and paying customers.
6. Mark Zuckerberg: $44.6 billion
The sixth richest man on the planet is Facebook’s, Mark Zuckerberg. Mark now 32, is the youngest person to make it to the list. He founded Facebook in 2004 while a college student to connect other Harvard students and the company has since grown to be a global brand.
The young multi-billionaire together with his fiancee have promised to sell 99 percent of their holdings in Facebook which is estimated at $50 billion — to support the poor and the needy.
7. Larry Ellison: $43.6 billion
The co-founder of the Oracle Corporation has been listed by the Forbes Magazine as the 7th richest man. Lawrence Joseph “Larry” Ellison, an American studied at the University of Illinois at Urbana–Champaign and the University of Chicago but never graduated.
He formed the Oracle in 1977 after he was influenced by Edgar F. Codd’s research on relational database design. The company became a successful database vendor to mid- and low-range systems, competing with Sybase and Microsoft SQL Server. He currently serves as executive chairman and chief technology officer of Oracle.