We have listed the 10 richest men in the world in 2020 and wrote about their interesting background.
We know how rich all of the billionaires are but do you know how they became the billionaires that they are today?
Well, we have collected some data about their earlier life and what they were and what they did to become the billionaires they are today.
Here is the list of top 10 richest men in the world according to Forbes.
|1.||Jeff Bezos||$200 B|
|2.||Bill Gates||$117.1 B|
|3.||Bernard Arnault and family||$112.9 B|
|4.||Mark Zuckerberg||$107.3 B|
|5.||Elon Musk||$100.1 B|
|6.||Mukesh Ambani||$80.6 B|
|7.||Warren Buffet||$78.4 B|
|8.||Larry Ellison||73.5 B|
|9.||Steve Ballmer||72.6 B|
|10.||Larry Page||70.2 B|
Note: These rankings are listed by Forbes and the ranking changes on a daily basis when respective stock markets are open. We have just written there stories and we are not providing information regarding who is the current richest man in the world.
10 Richest man in the world in 2020
Here’s the list of the richest man in the world in 2020,
1. Jeff Bezos (CEO, Amazon)
Jeff Bezos was born on 12 January 1964 in Albuquerque, New Mexico.
At the time he was born, his mother was only 17 years old and his father was a bike shop owner but later they both got divorced. After his parents separated, in 1968 his mother later married a Cuban immigrant Miguel Mike Bezos.
Bezos started living with his mother and the family later moved to Miami, Florida where he pursued his high school from Miami Palmetto High School near Pinecrest, Florida.
While he was at high school, he worked at McDonald’s as a short line cook.
Bezos was interested in scientific gadgets since his childhood and once he installed an alarm to keep his younger siblings away from his room.
He graduated with a Bachelor of Science in Engineering (BSE) in electrical engineering and computer science and graduated summa cum laude with a 4.2 GPA from Princeton University.
After graduation, he worked for many companies, and finally, in late 1993 he decided to open an online bookstore and to quit his job. In July 1994 he finally resigned from his job and founded Amazon which he initially thought to name it Cadabra.com but later changed it to Amazon because of its alphabet which comes at the beginning.
He borrowed $300,000 from his parents to invest on his online bookstore and even warned his investor that there is a 70% chance that Amazon would fail.
In 1998, he expanded his sales to music and videos and later in that year included a variety of consumer goods. In 2002, he launched Amazon Web services which collected data from website traffics and weather channels.
And in 2002 because of continuous spending, Amazon almost went bankrupt and released off 14% of its workers, and in 2003; Amazon finally showed some tractions and turned a profit of more than $400 million.
In 2007, he launched Amazon kindle which sold out within 5 ½ hours from it’s launched.
His current Net worth is $200 billion and is the richest man in the world in 2020 according to Forbes.
2. Bill Gates (CEO, Microsoft)
William Henry Gates also known as Bill Gates was born in Seattle, Washington on 28th October 1955.
His father was a well-known lawyer and his mother worked at the board of directors for First Interstate Banc System and the United Way of America.
Gates pursued his schooling from lakeside prep school where he wrote his first-ever programming software and also where he was often bullied because of his small size for his age. He received National Merit Scholar after he graduated from Lake prep school in 1973 and he scored a total of 1590 out of 1600 on Scholastic Aptitude Test (SAT) and took admission at Harvard College in 1973. Later on, after two years he eventually dropped out of Harvard’s college to pursue his dreams.
In 1975 Gates and his co-founder Paul Allen (also his childhood friend) founded Microsoft which became the world’s largest personal computer software company.
He was the CEO and the chairman of the company until the year 2000 when he stepped down from being CEO but remained as chairman and became chief software architect.
In the year 2000, Gates and his wife Melina Gates founded Bill and Melina Gates Foundation which is a private charitable foundation, and in June 2006 Gates announced that he would only be a part of Microsoft as a part-timer and shifted to full time at Bill and Melina Gates foundation. In 2006, he then eventually stepped down from being the chairman of Microsoft but remained as a technology advisor at Microsoft.
Gates is currently the second richest man in the world in 2020 with a net worth of $117.1 billion.
He’s one of the famous quotes
“Success is a lousy teacher, it seduces smart people into thinking they can’t lose”.
Also read: 9 ways to boost your productivity
3. Bernard Arnault and Family (CEO, Financiere Agache)
Bernard Jean Etienne Arnault was born on 5th March 1949 in Roubaix, France, and is a France billionaire.
He did his schooling from Lycee Maxence Van Der Meersch In Roubaix and in 1971 he graduated from Ecole Polytechnique which is France’s one of the top Engineering schools.
His father Jean Leon Arnault was the owner of Ferret-Savinel which was handed over by his wife Marie Josephe Savinel’s father Etienne Savinel.
After graduation, he started working at his father’s company and in 1978 became the President of the company till 1984.
Arnault along with his partner Antoine Bernheim who was a senior partner of Lazard Freres in 1984 acquired the Financiere Agache which was a luxury goods company.
Arnault became the CEO of Financiere Agache and after which he acquired Boussac Saint-Freres which was a textile company for turmoil and owned the Christian Dior, Conforama (retail shop), Le Bon Marche (departmental store), and the diapers manufacturer Peaudouce. He later sold all of the company’s assets except for Christion Dior and the departmental store Le Bon Marche. Later on, he invested in many companies and also acquired 43.5% of LVMH’s shares and on 13th January 1989 was selected as the chairman of the Executive management board.
Arnault is currently the 3rd richest man in the world in 2020 with a Net-worth of $112.9 billion and is currently a businessman, art collector, and a media proprietor.
4. Mark Zuckerberg (CEO, Facebook, Inc.)
Mark Zuckerberg was born on May 14, 1984, in White Plains, New York, US and had three sisters Randi, Donna, and Arielle. His father Edward Zuckerberg was a Dentist and his mother Karen was a Psychiatrist.
He did his schooling at Ardsley high school but after two years he moved to a private school Philips Exeter Academy where he won prizes in Mathematics, classical studies, physics, and astronomy.
Mark was always into programming since his childhood and his father taught him Atari BASIC programming in 1990. Later his father hired David Newman, a software developer and he was also the captain of the fencing team.
Once he built a software program called ZuckNet which connected his father’s office computer to their house computers to communicate with each other.
He attended Harvard University where he studied Psychology and computer science. In January 2004 he started coding to build a new website and finally on February 4, 2004, he launched “The Facebook” under the domain name thefacebook.com from his Harvard dormitory room. But soon after the launch, he dropped out of Harvard University to continue to develop his project.
Soon after it’s launched Facebook was a huge success, initially it was made for his college campuses but it expanded very rapidly and in 2012 it crossed 1 billion users.
In 2007 at the age of 23, he became the youngest self-made billionaire and is the 4th richest man in the world in 2020 with a net worth of $107.3 billion.
5. Elon Musk (CEO, Space X, and Tesla Inc.)
Elon Musk was born on June 28, 1971, at a place called Pretoria, Transvaal in South Africa. His father Errol Musk was a South African electromechanical engineer, a sailor, consultant, a pilot, and a property developer and his mother Maye Musk was a dietitian and a part-time model. He has a younger brother Kambal and a younger sister Tosca.
He did his schooling in Waterkloof House Preparatory school and Bryanston High school but graduated from Pretoria Boys High School. While he was in school, he often used to get bullied, and once he was severely injured by a group of boys who pushed him down on the stairs.
In 1997, he graduated from Wharton with a Bachelor of Arts degree in Economics and from the College of Arts and Science with a Bachelor of Arts degree in Physics.
Musk and his younger brother Kimbal in 1995 started a web software company called Zip2 and later in 1999 was sold to Compaq for $307 million. Out of which Musk received 7% of the shares which was close to $22 million.
In 1999 Musk co-founded X.com which was an online financial service and E-mail Payment Company for $10 million and just after one year they merged with Confinity which had Money transferred services called PayPal and later in 2001 the company was renamed to PayPal.
Later in 2002, eBay acquired PayPal in stock for US$1.5 billion and as Musk was the highest shareholder of the company i.e 11.7%, earned $165 million.
Musk eventually acquired two other companies Space X and Tesla Inc. and is currently the CEO of both.
He is currently the 5th richest man in the world in 2020 with a Net-worth of $100.1 billion.
Also read: Top 10 Richest women in the world
6. Mukesh Ambani (Chairman & M.D, Reliance Industries)
Mukesh Ambani was born on 19 April, 1957 in Aden, Colony of Aden (now Yemen). His father Dhirubhai Ambani started the Reliance Industries limited and his mother Kokilaben Ambani was a house wife. He has a younger brother Anil Ambani and two sisters Nina Bhadrashyam Kothari and Dipti Dattaraj salgaocar.
But soon after one year his father moved back to India to start his trading business on spices and textile. He completed his schooling from Hill Grange high school at Peddar road, Mumbai and college from St. Xarier’s college. He completed his BE degree from the Institute of Chemical Technology in Chemical Engineering. After graduation, he enrolled for MBA at Stanford University but later dropped out in 1980 to help his father in his business.
In 1981, he started working with his father for their family business which included Reliance Industries Limited, Refining and Petrochemicals, products, and services in Retail and Telecommunication.
Reliance Jio has earned the top-five positions in the telecommunication industry since its inception. In January 2018, Ambani was ranked the 18th richest person in the world surpassing Jack Ma, Executive chairman of Alibaba Group, as Asia’s richest person with a net-worth of $44.3 billion in July 2018.
Currently, he is the 6th richest man in the world in 2020 with a Net-worth of $80.6 billion.
7. Warren Buffet (CEO, Berkshire Hathaway)
Warren Edward Buffet was born on 30 August, 1930 in Omaha, Nebraska, US.
He finished his elementary schooling from Rose Hill Elementary school and then attended Alice Deal Junior High school before graduating from WooDrow Wilson High school in 1947.
He was always interested in investment and used to save money to invest later on. He used to sell Coca Cola bottles, chewing gum, and weekly magazines door to door. At the tender age of 11, he bought three shares of Cities service and three other shares for his sister Doris Buffet.
Buffet graduated from University of Nebraska with a degree of Bachelor of Science in Business Administration. He used to look up to Benjamin Graham and so he enrolled himself to Columbia Business School of Columbia University after learning that Benjamin Graham teaches there. In 1951 he graduated from Columbia with a Master of Science in Economics.
Because of his interest in investment, he is currently the chairman, CEO and the largest shareholder of Berkshire Hathaway since 1970 and is also referred to as Oracle of Omaha.
Buffet is currently the 7th richest man in the world in 2020 with a Net-worth of $78.4 billion.
8. Larry Ellison (Executive Chairman & CTO, Oracle Corporation)
Larry Joseph Ellison was born on 17th August, 1944 in New York City, US. His mother was a Jewish and his father was an Italian American United States Army Air Corps pilot but they were not married. At the age of 9 months, he was diagnosed with Pneumonia and was handed over to his aunt and uncle for adoption.
He did his schooling from South Shore High school in Chicago and later enrolled as a premed student in University of Illinois at Urbana- Campaign but later dropped out because his adoptive mother passed away.
Currently he is the co-founder and executive chairman and chief technology Officer at Oracle Corporation and is also currently he is the 8th richest man in the world in 2020 with a Net-worth of $73.5 billion.
9. Steve Ballmer (CEO, Microsoft)
Steve Anthony Ballmer was born on 24th March 1956 in Detroit, Michigan, U.S. His father Frederic Henry Ballmer was a manager at the Ford Motor Company and his mother Beatric Dworkin was a Belarusian Jewish.
He did his schooling at the International school of Brussels in Brussels and in 1973 attended College prep and engineering classes at Lawrence Technology University. He received National Merit Scholar and graduated as Valedictorian from Detroit Country Day school scoring 800 in the mathematical section of the SAT. Later in 1977, he graduated from Harvard University as a Magna Cum Laude with a Bachelor of Arts in Applied mathematics and Economy.
On June 11, 1980, he was hired in Microsoft as the 30th employee and was the first business manager ever hired by Bill Gates. He received a salary of $50,000 and 5-10% of the company’s share.
On 1981, after Microsoft was legally formed as a corporation, he owned 85 of the company’s shares and on 2003 he sold $39.3 million shares for $955 million and kept only 4% of the company’s shares.
He became the CEO of Microsoft on January 13, 2000 after Bill Gates stepped down as CEO but he remained as chairman and Chief Software Architect of Microsoft.
On 2007, Ballmer came to limelight when he made remarks on Apple saying “There’s no chance of Apple to get any significant Market share because of its high price.”
On May, 2014 he bought the Los Angeles Clippers team of the National Basketball Association for $2 billion.
He is currently the 9th richest man in the world in 2020 with a Net-worth of $72.6 billion.
10. Larry Page (CEO, Google & Alphabet Inc.)
Lawrence Edward page was born on 26th March 1973 in Lancing, Michigan, U.S. His father Carl Victor Page Sr. was a computer science professor at Michigan State University and his mother Gloria was Instructor in Computer Programming at Lyman Briggs College.
He attended his schooling from Okemos Montessori (now Montessori Radmoor) but graduted from East Lansing High School in 1991. He graduated with a Bachelor of Science in Computer Engineering from the University of Michigan and then completed his Master of Science in Computer Science from Stanford University.
Since childhood, he was an avid reader and used to play instruments and studied Music composition. He says because of his musical education, he got inspired by the speed in computing. He got obsessed with computers at the age of 6 and so his parents bought him the first Generation personal computer and were the first kid in his elementary school to submit an assignment using a word processor.
While he was at Stanford University, he began researching the World Wide Web (WWW) and understanding its link structures. Page along with a fellow Standford Ph.D. student Sergey Brin worked on a research project called BackRub which concentrated on the problems of which web pages linked to the given pages.
Later they developed the PageRank algorithm which focused on the ranking of the webpages that were collected by BackRub’s web crawler. This gave them an idea to build a search engine that can be far superior to the existing one and in 1998 they both finally incorporated Google Inc.
Page was the CEO of google untill 2001 and then again regaining the position in April 2011 and continued untill July 2015 and later became the CEO of Alphabet Inc.
He is currently the 10th richest man in the world in 2020 with a Net worth of $70.2 billion.
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