Top 10 Richest Entrepreneurs in 2020.
An entrepreneur is a person who sets up an organization or a business by taking financial risk. An entrepreneur is one who will get motivated by factors like innovation, financial gain, making an impact, etc and With all risks comes a chance to earn financial rewards, social status and many other rewards. Hereby we update top 10 richest entrepreneurs in 2020 and how they made it? We will also update about their net worth and about their companies.
What makes a entrepreneur successful? What made the entrepreneurs so successful financially?
I believe entrepreneurial success depends on the following facts and what qualities top 10 richest entrepreneurs in 2020 have :-
- People management skills
- Strategic mindset
- Risk taking ability
But entrepreneurship isn’t easy & definitely not a recommended career line for the individual looking for short cuts. Also said that, it does provide an opportunity to change theworld for a better. Had an entrepreneur not taken a risk then products like social networks, search engines, messenger apps, electric automobiles innovation and digital wallets would not have been invented.
TOP 10 RICHEST ENTREPRENEURS IN 2020.
1. Jeff Bezos
Born in 1964, Jeff Bezos founded e-commerce colossus Amazon in 1994 out of his garage in Seattle and remains CEO and owns 16% stake. With a net worth of $131 Billion, he tops the list of richest entrepreneurs. He founded Amazon as an online bookstore in the year 1994. After that, there was no looking back for Bezos as he kept adding new categories of products. Today, Amazon is not only world’s largest online shopping platform but also has diversified interests in many other businesses like Amazon Web Services, Alexa, Junglee, Audible etc.
2. Bill Gates
He is the founder of the PC software firm Microsoft corporation. With his Melinda, Bill Gates chairs the Bill and Melinda Gates Foundation, the world’s largest private charitable foundation. With a net worth of $96.5 billion, Gates is at number second on the list. He is widely credited as one of the pioneers who revolutionized the personal computing industry with Microsoft’s operating system ‘Windows’. Started in 1975, Microsoft now has diversified interests in various companies including Skype, LinkedIn, Yammer, Microsoft Mobile (Earlier known as Nokia). He is also actively involved in various philanthropic projects.
3. Warren Buffett
He is known as the “Oracle of Omaha” and is one of the most successful investors of our time. With a net worth of $82.5 billion, he is at the number 3 spot on this list. Buffet runs Berkshire Hathaway, which owns more than 60 companies , including insurer Geico, battery maker Duracell and restaurant chain Dairy Queen. He has pledged to donate 99% of his wealth towards charities.
4. Bernard Arnault
Arnault is the chairman & CEO of the fashion conglomerate LVMH, the world’s largest luxury-goods company. With a net worth of $76 billion, he also happens to be Europe’s richest person. LVMH has more than 70+ brands under its belt including Louis Vuitton and Sephora.
5. Carlos Slim Helu
Mexico’s richest man, Carlos Slim Helu and his family control America Movil, Latin America’s biggest mobile telecom firm. With a net worth of $64 billion, he is at #5 on this list. He also owns stakes in Mexican construction, consumer goods, mining and real estate companies and 17% of The New York Times.
6. Amancio Ortega
He is one of the richest men in Europe and the wealthiest retailer in the world. With a net worth $63 billion he is at number 6 on this list. Inditex has 8 brands & operates more than a whopping 7,500 stores across the world. Ortega typically earns more than $400 million in dividends a year.
7. Larry Ellison
He co-founded software firm Oracle in 1977 to tap into the growing need for customer relationship management databases.With a net worth of $62 billion, he is at #7 on this list. Oracle is mainly in CRM databases. He gave up the Oracle CEO role in 2014 but still serves as chairman of the board and chief technology officer. Ellison joined Tesla’s board in December 2018, after purchasing 3 million Tesla shares earlier that year.
8. Mark Zuckerberg
He is the famous co-founder & CEO of the social network Facebook. With a net worth of $62.3 billion, he is 8th on this list (also the youngest). Since its inception in 2004, Facebook has grown leaps & bounds. Recently, Facebook acquired social network & messenger apps called Instagram & WhatsApp respectively. In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Facebook stake over their lifetimes.
9. Michael Bloomberg
He co-founded financial information and media company Bloomberg LP in 1981 He put in the seed funding for the company and now owns 88% of the business, which has estimated revenues of $10 billion. With a net worth of $ 55.5 billion, he is at #9 on this list of richest entrepreneurs. He is also a member of ‘The Giving Pledge’ where he has pledged to give away half of his wealth as charity. An active philanthropist, he has donated $8 billion to gun control, climate change and other causes.
10. Larry Page
Page is the co-founder & CEO of Alphabet Inc., the holding company of Google. He cofounded Google in 1998 with fellow Stanford Ph.D. student Sergey Brin. Apart from being the world’s largest search engine, Google also runs a bunch of popular digital services like YouTube, Maps, Drive, Cloud, Gmail etc. Alphabet is also taking various innovative initiatives in health & smart home appliances sectors. He is a founding investor in space exploration company Planetary Resources and is also funding “flying car” startups Kitty Hawk and Opener.With a net worth of $ 50.8 billion, he is at #10 on this list.
I believe money isn’t the correct parameter to judge if an entrepreneur (or for that matter even a person) is rich. At the end of the day what matters is the impact, the social impact.
We mentioned top 10 richest entrepreneurs who are also active philanthropist.
Like these entrepreneurs, there are many athletes who are making big. Read following article:- www.entrepreneursofworld.com/richest-athletes-in-the-world-2020/ .