Tag: Billionaires

Less than one percent of the world are billionaires, and less than one person in that one percent is worth over $100 billion.

According to Forbes, the richest man in the world is Bernard Arnault, the chairman and chief executive officer of Moët Hennessy Louis Vuitton SE (LVMH) —owners of brands like Louis Vuitton, Dior, Fendi and so on., following him is the founder of Amazon, Jeff Bezos.

Here’s the full list of the world’s ultra rich list:

1- Bernard Arnault & family – $214.8 billion (LVMH, France)

2- Jeff Bezos – $202.8 billion (Amazon, US)

3- Elon Musk – $196.3 billion (Tesla, SpaceX, US)

4- Mark Zuckerberg – $165.3 billion (Meta, US)

5- Larry Ellison – $152.3 billion (Oracle, US)

6- Larry Page – $145.5 billion (Alphabet, US)

7- Sergey Brin – $139.3 billion (Alphabet, US)

8- Warren Buffett – $136.9 billion (Berkshire Hathaway, US)

9- Bill Gates – $130.6 billion (Microsoft, US)

10- Steve Ballmer – $124.4 billion (Microsoft, US)

11- Mukesh Ambani – $113.0 billion (Diversified, India)

12- Amancio Ortega – $107.6 billion (Zara, Spain)

13- Michael Bloomberg – $106.2 billion (Bloomberg LP, US)

14- Carlos Slim Helu & family – $105.3 billion (Telecom, Mexico)

15- Michael Dell – $104.7 billion (Dell Technologies, US)

These individuals control over $2 trillion of the World’s wealth. The top 15 are collectively known for Technology, Luxury Goods and Finance and with the rise of Artificial Intelligence (AI), it’s expected they will make more this year.

According to the latest Forbes List of the Youngest Richest People in the World (as of April 9, 2024), the youngest are 19-year-old teenagers.

The youngest, Clemente Del Vecchio and Livia Voigt, make their money from eyeglasses and industrial machinery, respectively.

According to the new list, there are no self-made billionaires under 30 for the first time in 15 years.

Remi Dassault, French, is the son of Olivier Dassault and grandson of Marcel Dassault, the founder of Dassault Aviation. Dassault Aviation is a French aerospace company founded during World War I.

Kim Jung-min, a South Korean, is the daughter of Kim Jung-ju, the late founder of the gaming company Nexon. According to reports, she inherited 18% of her father’s company but doesn’t actively participate in the operations of the company.

Luca Del Vecchio is one of the sons of the late chairman of EssilorLuxottica, the world’s largest eyeglass firm. He inherited 12.5% of his late father’s holding company, Delfin.

Delfin also owns insurer Generali, banks Mediobanca and UniCredit, and real estate developer Covivio.

The German received 50% of his father’s stake in the drugstore DM (drogerie market). The company has annual revenue of over $17 billion.

In 1974, Kevin David Lehmann’s father, Guenther, then running his family’s Pfannkuch grocery chain, invested in DM; it currently has over 3,700 locations

Kim Jung-youn is the younger sister of Kim Jung-min. She owns 18% of NXC, the largest shareholder in Nexon. Her money was an inheritance from her father; neither she nor her sister have been involved in Nexon’s operation.

Livia Voigt is the heiress of an electrical machines company named WEG. The 19-year-old Brazilian is currently a student of psychology at the university. WEG is the largest manufacturer of electrical motors in Latin America, and Livia sits on approximately 3% of the company’s shares, making her one of the largest individual shareholders of WEG.

WEG, established in 1961 by Werner Ricardo Voigt, Eggon João da Silva, and Geraldo Werninghaus, currently holds a market valuation of approximately $31.45 billion.

Clemente Del Vecchio is one of the six children of Leonardo Del Vecchio, the late chairman of EssilorLuxottica, the world’s largest eyeglass firm. He is one of two children Del Vecchio had with Sabina Grossi, Luxottica’s former head of investor relations, along with his brother Luca.

Clemente inherited his wealth from his father.