An entrepreneur is a person who sets up a business or an organization by taking a financial risk.
With financial risk comes a chance to earn financial rewards in terms of profit. Apart from financial gain, entrepreneurs are also motivated by factors like innovation, disruption, making an impact etc.
So, now let us go through a list of top 10 richest entrepreneurs countdown (as per Forbes latest report)
TOP 10 RICHEST ENTREPRENEURS 2020
10. Larry Page
At number 10 is Larry Page.
Larry Page is the co-founder & CEO of Alphabet Inc., the holding company of Google. 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. With a net worth of $ 50 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.
Anyways, the objective of this post was to list the names of billionaire entrepreneurs in monetary terms.
9. Michael Bloomberg
The co-founder & CEO of media giant Bloomberg is Michael Bloomberg. Bloomberg is also, as you may be aware, a financial services & software company. He’s at # 9 on this list of richest entrepreneurs, with a net worth of $55 billion. He is also a member of ‘ The Giving Pledge ‘where he vowed to donate half of his resources as charity.
8. Mark Zuckerberg
Mark Zuckerberg is the famous co-founder & CEO of the social network Facebook. With a net worth of $62 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. Zuckerberg has pledged to donate 99% of his Facebook holdings towards charity.
7. Larry Ellison
Larry Ellison is co-founder of Oracle software company. He’s at # 7 on this chart, with a net worth of $62 billion. Most of Oracle’s in CRM databases. And it took a giant leap in cloud computing, with its recent purchase of NetSuite.
6. Amancio Ortega
Amancio Ortega is Inditex’s co-founder running the iconic Zara fashion chain. He’s at number 6 on this list with a net worth of $63 billion. Inditex has 8 brands and operates over a whopping 7,500 stores worldwide.
5. Carlos Slim Helu
Carlos Slim Helu owns America Movil, Mexico’s biggest mobile telecom company. With a net worth of $64 billion, he is at #5 on this list. Also, he has diversified interests in other sectors like construction, consumer goods, mining, real estate & media.
4. Bernard Arnault
Bernard 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.
3. Warren Buffett
Warren Buffet is one of the biggest investors of our day. He is at the number 3 position on this chart, with a net worth of $82 billion. He owns Berkshire Hathaway that owns over 60 businesses including Geico & Duracell. He has vowed to give charities 99 per cent of his capital.
2. Bill Gates
Bill Gates is the founder of the PC software firm Microsoft corporation. With a net worth of $97 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.
1. Jeff Bezos
At number one spot, we have Jeff Bezos
Born in 1964, Jeff Bezos is the founder & CEO of the e-commerce giant Amazon. 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.