The 5 Richest Men In 2020

The 5 richest men in 2020!

According to Forbes magazine, these are the 5 richest men in 2020:

Like last year, the list is headed by Amazon founder Jeff Bezos. Also in the top three are Microsoft co-founder Bill Gates and LVMH shareholder Bernard Arnold. The total wealth of the world’s 2,095 billionaires was $ 8 trillion, $ 700 billion less than a year ago.

1. Jeff Bezos: $113 billion

In 1994, in Seattle, in his garage, Jeff Bezos opened the Amazon online store. In 25 years, the project has grown into the world’s largest online retail platform. Bezos remains the CEO of the company, holding about 12% of the shares. He owns The Washington Post and Blue Origin, a private space company.

In 2019, Amazon had revenue of $ 280.5 billion and net profit of $ 11.6 billion.

2. Bill Gates: $ 98 billion

Together with his wife Melinda, Bill Gates runs the world’s largest private charity. The organization’s work is aimed at improving the global health system և has gained great importance against the background of the coronavirus pandemic. The businessman is a long-time advocate of universal vaccine capacity and is currently actively involved in the development of the COVID-19 vaccine.

Gates has sold a majority stake in Microsoft (he actually owns less than 1% of the company), invested in the stock market and other assets while maintaining his fortune.

3. The Bernard Arnold family: $ 76 billion

In the mid-1980s, he bought a Christian Dior fashion house for $ 15 million from the family construction business. Today, he controls a large business empire that includes 75 major brands, including Louis Vuitton և Sephora. In 2019, LVMH revenues increased by 15% to $ 60 billion. The company provided such dynamics not only due to the growing demand in Europe and the United States, but also in Asian markets.

4. Warren Buffett: $ 67.5 billion

Warren Buffett is one of the most successful and reputable investors in the world. The Fortune Teller of Omaha is run by Berkshire Hathaway Investment Chamber, which owns shares in more than 60 companies, including Geico Insurance, battery maker Duracell and the Dairy Queen restaurant chain.

The son of the US Congressman, Buffett, bought his first package of shares at the age of 11 and at the age of 13 he already submitted his first tax return. During his long life he has become an undisputed investor.

In recent years, Buffett, along with Bill Gates, has been actively involved in charity projects. In 2019 alone, he donated $ 3.6 billion. Most of these funds were funded by the Bill Melinda Gates Foundation.

5. Larry Ellison: $ 59 billion

To meet the growing needs of databases, Larry Ellison founded Oracle Software in 1977. The CIA became the first customer of the company, and later the company’s products were in great demand among commercial companies.

During his more than 25 years in business, Ellison had many ups and downs, but eventually he managed to turn Oracle into the world’s largest software company. In 2014, he resigned as CEO, but retained his position on the Board of Directors as Technical Director.

Starting in 2018, Ellison is also a member of the board of directors of Tesla, founded by his friend Elon Musk.

These are the 5 richest men in 2020!

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