The richest people in the world got there through hard work, determination, and good financial decisions. Their bank accounts are awed by people all over the globe, and their lifestyles are the envy of many. Accomplishments may get the richest people in the world on the headlines and the tips of everyone’s tongue, but what is their rank? This is an article about the richest people in the world.
The Top Five Richest
- Bill Gates
- Warren Buffett
- Carlos Slim
- Amancio Ortega
- Larry Ellison
Could you imagine sitting beside this group of billionaires? What would the conversation be like?
Bill Gates tops the list with a total wealth of over $80 billion. Of course, this is no surprise since he was one of the founders of Microsoft, one of the largest technology-producing companies in America. He, along with his wife, also initiated Bill and Melinda Gates Foundation. This organization has contributed to many philanthropic causes. They focus globally on educational and health issues that are holding the world back, and the foundation was able to stand firmer in these charitable convictions when Warren Buffett contributed a dollar amount in the billions to the organization. Clearly, this proves that with a big income, Gates has been able to solidify himself as a big giver as well, contributing large amounts of money every year to charity. He is the financial pinnacle that donates his time and money to help in the fight against population crippling illnesses, like Ebola and malaria.
Warren Buffett has been dubbed the best investor of this century and for good reason. With a net worth of a little over $70 billion, his ability to foresee the economic potential in the Berkshire Hathaway is what earns him the spot as the second richest. To even get a piece of that stock, it’ll be an over $200 thousand dollar investment and has mostly been increasing in value in the last 5 years.
Although Buffett is among the richest people in the world, he chooses wisely where he puts his money. A large portion of his extremely large income goes directly to the world in charitable donations. Are you noticing a trend among these people?
Next in line on the list of the richest people in the world is Carlos Slim. Earning a little under a billion less than Buffett, Slim acquired his amazing wealth through an assortment of venues. His hands have dabbled in real estate, telephone communications, mining, construction, and finance, among other things. He spread his wealth thinly and that’s why he reaped amazing rewards. It was his smart investing decisions that earned him a place on this prestigious list.
The Poorest of the Rich
There are no poor people on this list. Money is nowhere near defined in common terms when assessing the lifestyles of the richest people in the world, but on a top five list, there has to be someone to occupy the lower portions. These people aren’t living in huts or wondering where their next meal is coming from, but there is a decent gap of a few billions between Bill Gates and the reigning number four, Amancio Ortega.
Amancio Ortega is worth a whopping $58 billion. Nowhere near the $80 billion that sits under Gates’ throne, but Ortega’s family is not wanting for anything. Wouldn’t you mind being at the bottom of this list?
Ortega made his fortune through the retail industry, but he is still a prominent force in real estate. He owns shares in the Inditex company that he founded, supplying stores all over the world, and has in his possession almost thirty buildings. Amancio Ortega took the risk of spending lots of money when times forced prices to their lowest. When the economy was stagnant, Ortega wasn’t afraid to shell out his dough and it increased his profit. The richest people in the world took advantage of the opportunities that were yielded to them and made the best financial decisions that increased their revenue.
Last, but not least, on this list is Larry Ellison, who help found the corporation, Oracle. The most reckless billionaire among the richest, Ellison is known a good deal for his extracurricular activities and the prices he’s willing to pay for them, including the two jets he flies. Ellison surfs and bikes, clearly grabbing life by the horns and doing as he pleases, but he’s also an amazing business man.
Although these high profile hobbies earn Larry Ellison a spotlight in the media, his accomplishments in business solidify his empire as a force to be reckon with. His net worth is around $54 billion, accumulated through fortuitous investments in the technology business. With meager beginnings in work with the CIA, Ellison transformed Oracle into the global corporation it is today. He also takes his stake in the real estate market, buying properties that he can in turn flip for profit and thus, increasing his overall wealth.
Money isn’t everything, but it definitely helps. These men are guided by intelligent business decisions and allowed to do more with the funds that they have acquired. When you have more, you do more, and that’s a lesson we could all learn, regardless of our income.