Top 10 Richest People in the World

Ever wonder who among the world’s famous billionaires are the top billionaires? In an annual survey conducted by Forbes, it shows the list of the richest people with their estimated net worth. Although the world is encountering low oil prices and depreciated Euro, the list of the world’s richest people has escalated eluding global economic turbulence.

Forbes released a list for its 29th annual global billionaires reporting about 1,826 names with an amassed of $7.05 trillion net worth. In 2014, the net worth reached up to $6.4 trillion. Additionally, 46 of these billionaires were listed with an age of under 40, 290 of them were first timers, 25 percent were from China with 71 neophytes, 28 percent are from India and 23 percent from Germany.

Furthermore, most of them earned the amount in their sweat and tears making them reliable of their success while the others inherited their wealth and some are still working to elevate their estate and possessions. Regarding countries with the highest number of renowned billionaires, United States is standing tall over followed by China, Germany, and India. Take note that monarchs and royalty are excluded from the list. So, here are the Top 10 Richest People in the World:

10. Liliane Bettencourt (Net Worth USD: $40.1 Billion)

Liliane BettencourtSource and image:

Born on October 21, 1922, Liliane is a French heiress, philanthropist, businesswoman, and a socialite. She was the only child of the founder, Louise Madeleine Berthe (née Doncieux) and Eugène Schueller, of L’Oréal. The company is one of the largest beauty and cosmetic businesses in the world. When her parents died, she inherited the business and became the major shareholder with 30.5 percent shares.

In support and development of medical, cultural, and humanitarian projects, Bettencourt and her husband founded the Bettencourt Schueller Foundation in 1987 which is headquartered in Neuilly-sur-Seine, France. In replacement of his grandson Jean-Victor as the new Board Director, Liliane concluded her administration on February 13, 2012. However, her daughter and son-in-law are parts of the board of directors.

9. Jim Walton (Net Worth USD: $40.6 Billion)

Jim WaltonSource and image:

Born on June 7, 1948, Jim is the youngest son of the founder of Wal-Mart, Sam Walton and Helen Walton. Walmart is the largest retailer in the world. A year after his bachelor’s degree in Business Administration (BA) Marketing in 1971, he engaged in real estate dealings and included himself in Walmart. Aside from being on the Walmart Board of Directors in 2005, he became the CEO of his family’s Arvest Bank and Community Publishers Inc (CPI) chairman.

Four years after his service, he became Wal-Mart’s president in 1975 and took over his brother on the Board of Directors after he died in 2005. From 2008 to 2013, he dedicated approximately $2 billion to the Walton Family Foundation together with his siblings. In 2013, Walton ranked seventh on the Forbes 400 list and ranked tenth in 2014.

8. Christy Walton (Net Worth USD: $41.7 Billion)

Christy WaltonSource: / image:

Born February 8, 1949, Christy Ruth is the wife of the late John T. Walton, one of Sam Walton’s, founder of Wal-Mart, sons. She is the leading female philanthropist in the world, and sources say she donates a percentage of her fortune. When her husband died in a plane crash in 2005, his wealth of about US$18.2 billion was passed on to her making her the world’s wealthiest woman. From her net worth of $36.7 billion in 2014, Christy bulked up her share to a total of $41.7 billion from her shares in Wal-Mart and First Solar where her husband invested.

From 2002 to 2006, Christy donated a sum of $3.5 million from her $16.3 billion net worth. She is also an active donor for The Philanthropist Roundtable, The San Diego Natural History Museum, San Diego Zoological Society, and the Mingei International Museum. The Walton Family Charitable Support Foundation that prioritizes education and assists institutions of higher learning like the Sam M. Walton College of Business at the University of Arkansas and others is highly supported by her.

7. David Koch (Net Worth USD: $42.9 Billion)

David KochSource and image:

Born on May 3, 1940, David is an American businessman, philanthropist, political activist, and chemical engineer. In 1970, he got involved in the Koch Industries; the composite family business ranked as the second largest private company in the United States of America. In 1979, he became the company’s ancillary president and became the co-owner of the Koch Industries in 1983. Today, David Koch is the executive vice president.

In 1980, he financed the campaign with the Libertarian Party when he attempted to run for vice president of the country. He established the Citizens for a Sound Economy. According to the Condé Nast Portfolio, David is “one of the most generous but low-key philanthropists in America.”  In 2008, the New York State Theater at Lincoln Center was renamed after him when he contributed $100 million to the renovation. He is a donor to the Lincoln Center, Sloan Kettering, a fertility clinic at New York – Presbyterian Hospital, and the American Museum of Natural History’s David H. Koch Dinosaur Wing.

6. Charles Koch (Net Worth USD: $42.9 Billion)

Charles KochSource and image:

Born on November 1, 1935, Charles is an American businessman and philanthropist. He is the brother of David Koch who serves as the Koch Industries’ executive vice president while he is the co-owner, chairman of the board and chief executive officer. Initially, Koch Industries run from oil refining and chemicals, but it has expanded to a wider scope including process and pollution control equipment and technologies, polymers and fibers, minerals, fertilizers, commodity trading and services, forest and consumer products, and ranching.

The famous brands of the Stainmaster carpet, the Lycra brand of spandex fiber, Quilted Northern tissue, and Dixie Cups are being produced by these businesses. He assists several independent market-conformed educational institutions like the Institute for Humane Studies and the Mercatus Center at George Mason University. He is also the co-founder of the Washington, DC-based Cato Institute.

5. Larry Ellison (Net Worth USD: $54.3 Billion)

Larry EllisonSource and image:

Born on August 17, 1944, Larry is an American Internet entrepreneur, businessman, and philanthropist. He is the Oracle Corporation’s executive chairman and chief technology officer. Since the foundation of the corporation up to September 2014, he served as the chief executive making him the third richest man in the US. He is an undergraduate of the University of Chicago and moved to California in 1966. In early 1970, he worked at Ampex.

In 1977, he founded the Oracle Corporation which was influenced by Edgar F. Codd’s relational database design research until it became a rival of Sybase and Microsoft SQL Server after its financial success in the database to mi-and-low-range systems. About one percent of his fortune is donated to charity as he signed to The Giving Pledge. Furthermore, this successful businessman magnate owns two military jets and is a licensed aircraft pilot. He also spells success in yachting.

4. Amancio Ortega Gaona (Net Worth USD: 64.5 Billion)

Amancio Ortega GaonaSource and image:

Born on March 28, 1936, Amancio is a Spanish fashion businessman, founder, and chairman of the Inditex fashion group. The industry is best known for its Zara clothing and accessories retails shops. After he had quit school at the age of 14, he worked at Gala where he learned to make clothes by hand. He founded his first store in 1972 which he named Confecciones Goa which produces patterned bathrobes for sewing factories.

In 1975, he inaugurated his first Zara store which now became part of the Inditex fashion group. With over 6,000 stores including Zara, Massimo Dutti, Oysho, Zara Home, Kiddy’s Class, Tempe, Stradivarius, Pull and Bear, and Bershka and with about 92,000 employees, he owns 59.29 percent of the Inditex. However, he took a step down from his office and appointed Pablo Isla, the vice president, and CEO, to take over in 2011.

3. Warren Buffett (Net Worth USD: $72.7 Billion)

Warren BuffettSource and image:

Born on August 30, 1930, Warren is an American business tycoon, investor, and philanthropist. Aside from being the world’s most successful investor, Time listed him as one of the most influential people in the world. He is the chairman, CEO, and the largest shareholder of the Berkshire Hathaway.

Often called “Wizard of Ohama” or “Oracle of Ohama” or the “Sage of Ohama,” he values investing, and he is known for his personal economizing despite his enormous fortune. As a remarkable philanthropist, he pledged to give 99 percent of his wealth to the philanthropic causes mainly through the Gates Foundation.

2. Carlos Slim Helu (Net Worth USD: $77.1 Billion)

Carlos Slim HeluSource and image:

Born on January 8, 1940, Carlos is a Mexican business tycoon, investor, and philanthropist. He is regarded as the “Warren Buffet of Mexico” for his vast foresight of powerful business empire in the Mexican economy. 40 percent of the listings on the Mexican Stock Exchange are accounted to him. He is the chairman and chief executive of the Telmex and América Móvil.

Carlos Slim’s wealth is also associated from his composite Grupo Carso which consists of different industries like telecommunications, healthcare, education, industrial manufacturing, food and beverages, real estate, airlines, media, mining, oil, hospitality, entertainment, technology, retail, sports, and financial services. With his net worth of $77.1 billion, it is equal to approximately six percent of the gross domestic product of Mexico.

1. Bill Gates (Net Worth USD: $79.2 Billion)

Bill GatesSource and image:

Born on October 28, 1955, Bill Gates is an American businessman, philanthropist, investor and computer programmer. He is the co-founder of Microsoft in 1975 along with Paul Allen. Today, Microsoft has gone so far making it as the largest PC software company in the world. He became the chairman, CEO and chief software architect being the biggest individual shareholder during his career at the business until May 2014.

For sixteen consecutive years, Bill Gates was recognized as the top wealthiest person worldwide, and he is one of the best-known entrepreneurs of the personal computer revolution. Moreover, he is a donor to numerous charitable organizations, and scientific research programs through the Bill and Melinda Gates Foundation. The foundation was established in 2000.