Categories: Economy

The richest man on the planet; how much wealth do they cost?

Six Americans, a Frenchman, the French heir to L’Oreal cosmetics, a Mexican telecommunications magnate and an Indian industrialist lead the list of the world’s richest people in Forbes magazine.

Forbes top 10 is led by the French Bernard Arnault 73 years old and a resident of Paris. The wealth of the director and president of LVMH, the largest luxury goods company in the world, with about 70 fashion and cosmetic brands, reaches 210.8 billion dollars.

Your brands: Louis Vuitton, Christian Dior, Moet & Chandon and Sephora. In January 2021, LVMH bought Tiffany & Co. jewelry. for 15.8 billion dollars.

Elon Musk, The second richest man on the planet, he is 51 years old, comes from South Africa, is an American citizen and lives in Texas. The CEO of electric car company Tesla, rocket company SpaceX and social network Twitter has a fortune of $196.5 billion.

Musk owns about 21% of Tesla between stock and options, but has pledged more than half of his shares as collateral for loans. The car company represents about two-thirds of his wealth. He bought Twitter for $44 billion in October 2022 and is estimated to own 74% of the social network.

Then there is the 59-year-old American Jeff Bezos, chairman of e-commerce giant Amazon. Bezos founded the online store Amazon.com in the garage of his home in Seattle in 1994, after leaving his job in New York at the DE Shaw hedge fund. Amazon started as an online bookstore at a time when few people bought products online. Bezos overtook Bill Gates to become the richest person in the world in July 2017.

American Larry Ellison The 78-year-old is next on the list with $112.3 billion, chairman and chief technology officer of software company Oracle, which he co-founded in 1977.

Bill Gates He was moved to sixth place. The 67-year-old American has a fortune of 104.9 billion dollars. Gates co-founded the software company Microsoft, creating one of the first programs available to the fledgling personal computer industry. Today, he has investments in dozens of companies and is one of the largest owners of agricultural land in the US.

Mexican Carlos Slim The 83-year-old has a fortune of $89.9 billion Carlos Slim and his family control América Móvil, the largest mobile telecommunications company in Latin America, which operates in at least 15 countries. It also owns stakes in Mexican construction, consumer goods, mining and real estate companies.

Mukesh Ambani, Originally from Bombay, India, he is 67 years old and has a fortune of $83.3 billion that comes from petrochemicals and telecommunications. Ambani chairs and runs the $104 billion Reliance Industries, which has interests in petrochemicals, oil and gas, telecommunications and retail.

It is in ninth place Steve Ballmer 66 years old with a fortune of 80,900 million dollars that comes from Microsoft and a series of other investments. A classmate of Bill Gates at Harvard University, he led Microsoft as CEO from 2000 to 2014, Forbes details.

We are in tenth place Francoise Bettencourt Meyers, a 69-year-old French woman, with a fortune of 80.7 billion dollars. She is the granddaughter of the founder of the cosmetics giant L’Oreal, she is the richest woman in the world.

Bettencourt Meyers and her family own about 33% of L’Oreal shares. Since 1997, she has been a member of the board of directors of L’Oreal and president of the family holding company.

Source: Panama America

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