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SpaceX is valued using a January 2023 funding round that valued the company at about $137 billion. Musk owns 42% of the closely held company through a trust, according to a December 2022 filing with the Federal Communications Commission. The value is reduced by 15% to account for typical discounts that shares in unicorns attract on the secondary market. Musk is the chief executive of Tesla, the world’s most valuable carmaker. The Austin, Texas-based company sells electric vehicles and home solar batteries. Musk’s also the chief executive of SpaceX, a rocket manufacturer tapped by NASA to resupply the space station, and owns social networking company Twitter.
Buffett has said he believes America’s wealthiest shouldpay morein taxes. There are almost 30,000 families in the U.S. with assets of more than $100 million, Buffett’s among them. Like many tech execs, Page has peeled off a portion of his wealth and put it into futuristic startups.
With LIV’s seemingly infinite budget thanks to support from Saudi Arabia’s Public Investment Fund—and its $620 billion in assets under management—the paychecks should keep coming. Americans dominate the top of the billionaires ranks, taking 17 of the 25 spots, followed by France and India, with two apiece. The top 25 mostly made their money in technology and fashion & retail . They’re $200 billion poorer than last year, but still worth $2.1 trillion. When she is not writing about money-saving, deals, finance hacks and other personal finance topics, Vaishali likes to travel and she’s a foodie. Arnault is known for taking struggling brands under his wing and making them profitable.
Today, Koch Industries generates roughly $125 billion in revenue annually. The family reportedly keeps 80% of Cargill Inc.’s net income inside the company for reinvestment annually. The Lauders are active philanthropists, and Estée Lauder’s sons, Leonard and Ronald, are major art collectors. Leonard donated $1 billion 100 richest person in the world worth of paintings and sculptures to the Metropolitan Museum of Art. Since its founding in 1898, Cox Enterprises has a hand in a number of industries — cable and broadband , newspapers and radio stations , and the automotive industry. Hearst used to own what is now one of the most expensive homes in America.
An estimated 11 members of the Dorrance family own more than 50% of Campbell’s Soup. John T. Dorrance invented the process for condensing soup in the late 1800s. Today, the company owns more than soup, including the brands V8, Pepperidge Farm, and Snyder’s, generating more than $8 billion in annual revenue. As of 2016, they owned 400-plus properties in New York City, and the family currently owns a 17% stake in the World Trade Center developments.
Red Bull billionaire Dietrich Mateschitz cofounded the ubiquitous energy drink in 1987 with Thai businessman Chaleo Yoovidhya (d. 2012). Giovanni Ferrero is executive chairman of his family’s namesake confections business, which posted $14 billion sales in 2021. Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle, of which he owns about 35%.
Erikawa is also one of 108 self-made women on our list, up from 67 women last year, attesting to the rise of women entrepreneurs who join the billionaire ranks. There were 66 women who despite inheriting their wealth, continued to grow it. Miuccia Prada, for example, has grown the family’s luxury fashion company Prada into a $2.9 billion brand with her co-CEO husband, Patrizio Bertelli.
Larry Ellison Net Worth
War, pandemic and sluggish markets hit the world’s billionaires this year. There are 2,668 of them on Forbes’ 36th-annual ranking of the planet’s richest people—87 fewer than a year ago. They’re worth a collective $12.7 trillion—$400 billion less than in 2021. Bloomberg Billionaires Index is a daily ranking of the world’s billionaires published by Bloomberg News since March 2012. The ranking was designed to provide a more transparent and accountable presentation of the world’s biggest personal fortunes. At first, the index only tracked the 20 richest people in the world, and then expanded to 100, 200, 400 and later 500 in October 2016.
China’s bottled water king remains the country’s richest person for the third year in a row. Gains by Zhong-led beverage producer Nongfu Spring offset a decline in shares of his Covid test supplier Beijing Wantai Biological Pharmacy after the country eased pandemic restrictions at the end of last year. Carlos Slim topped the 2013 billionaire list, marking his fourth consecutive year at the top. Ortega’s gain of $19.5 billion was the largest of anyone on the list. Warren Buffett failed to make the top three for the first time since 2000, placing fourth. Diesel founder Renzo Rosso was among the top newcomers, debuting with an estimate net worth of $3 billion.
Jacqueline Mars Net Worth
Son of a Bangkok street vendor, Charoen Sirivadhanabhakdi controls Thai Beverage, Thailand’s largest brewer, known for its Chang beer. Goh Cheng Liang gets the bulk of his wealth from a majority stake in Japan’s Nippon Paint Holdings, the world’s fourth-largest paint manufacturer. Pei Zhenhua’s fortune arises from his holdings in Contemporary Amperex, a battery products supplier.
In 2020, Tesla shares soared 740% to propel Musk up the wealth rankings. In Dec. 2020, Tesla joined the S&P 500, becoming the largest company added. In Jan. 2021, Musk became the richest person in the world—a title he held till Dec. 2022, when his net worth fell due to a decrease in Tesla’s share price over the year. Athletic apparel company Gymshark; and Nithin and Nikhil Kamath ($2.7 billion and $1.1 billion, respectively), brothers who created Zerodha, India’s largest stockbroker.
- A record 1,210 billionaires made the 2011 list, representing a combined wealth of $4.5 trillion, up from $3.6 trillion the previous year.
- His sons, Daniel, Robert, and Dirk, grew their inheritance through Ziff Brothers Investments and reportedly invested some of their billions with managers who used to work at their hedge funds.
- Car sales recovered from a slump earlier in the pandemic, leading to a $10.9 billion rise in the BMW heir’s fortune.
- His family office, however, has grown into a large investment and advisory firm.
Musk is CEO of publicly traded Tesla, the world’s most valuable carmaker, and closely held rocket business SpaceX, which counts the US National Aeronautics and Space Administration as a client. The family has also been the target of criticism by politicians skewering the ultra-wealthy. Last year, for instance, Sen. Bernie Sanders took to Twitter to talk about how the Mars family was benefiting https://1investing.in/ from the rising cost of Halloween candy. In April 2016, Sam’s sons sold the cable-TV company Bright House Networks for roughly $11.4 billion in cash and stock. Randa Duncan Williams is the only one of the children actively involved with the company, serving as a non-executive chairwoman. The Brown family is behind Jack Daniel’s, Woodford Reserve, and Old Forester, among other alcohol brands.
#98 | Harold Hamm & family
We used stock prices and exchange rates from March 11, 2022 to calculate net worths.
Larry Page stepped down as CEO of Alphabet, the parent of Google, in December 2019 but remains a board member and a controlling shareholder. Bill Gates turned his fortune from software firm Microsoft into a diversified fortune; his focus has shifted to zero-carbon energy investing and philanthropy. The epitome of elegance, the British royal family lives a life of opulence a commoner can barely fathom. As shares of Microsoft took a nosedive over the last year, so did Ballmer’s net worth. Brin’s net worth fell by over $30 billion over the past year as shares of Alphabet declined.
The index offers a dynamic look at the wealth controlled by the world’s richest people while trying to offer a new perspective on how the media views and tracks the movement of that wealth. The index “is built to change daily depending on stock fluctuations and economic/company news.” While reporting on hidden billionaires, the index provides coverage of and attempts to put in perspective the wealth of the world’s richest people, such as the former Queen Elizabeth II and former US President Donald Trump.
Ballmer’s L.A. Clippers–the sixth-most valuable NBA team–are flying high.He’s building them a privately funded $2 billion arena, slated for completion in 2024. The former Microsoft CEO’s fortune is down $10 billion in the past year, primarily due to the slump in Microsoft shares. In late March the Oracle of Omaha, a veteran of market crises, reportedly advised the Biden administration on bank runs and discussed possible investments in regional banks.
#1 | Françoise Bettencourt Meyers & family
Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies. More recently, Berkshire Hathaway has invested in large, well-known companies. Its portfolio of wholly owned subsidiaries includes interests in insurance, energy distribution, and railroads as well as consumer products.
Warren Buffett net worth
Sam Bankman-Fried is one of the richest people in crypto, thanks to his FTX exchange and Alameda Research trading firm. Once a young boy who enjoyed tinkering with computers, Bill Gates now is one of the richest people in the world. Adelson now controls the 56% stake in casino operator Las Vegas Sands that was formerly owned by her husband, Sheldon Adelson, who died at age 87 in January. The company lost $985 million in the second quarter of 2020 as its two Vegas casinos and resorts were shuttered due to statewide lockdowns. The casinos reopened in June 2020, but the business ended the year with $1.69 billion in net loss, compared to $2.7 billion in profits in the previous year. Las Vegas Sands announced in March that it is selling its Vegas properties for $6.25 billion to focus instead on Asia; its business is much bigger in Macao.