The 10 Richest People in the World
The rich are getting richer and the poor are getting poorer. Did you know that 41% of the world’s wealth is controlled by only 0.7% of its adult population? Among the 7.2 billion people in the world, the following ten are the richest.
1 Bill Gates
Named by the BBC as “the geek who changed the world,” Bill Gates is known to every child, student, adult and computer geek as the genius who built Microsoft. Even though he’s the typical college dropout turned billionaire, he is one of the smartest people with an IQ that roughly corresponds to 170, based on his SAT score of 1590 out of 1600 in the 1970’s. Gates is one of the most generous rich people. He has donated more than $28 billion to eradicate widespread diseases such as polio and malaria through the Bill & Melinda Gates foundation. A fun fact is that Gates has been rich for a while now; he went on to become a billionaire at the young age of 31! He’s also received knighthood from the Queen of England.
2 Carlos Slim
Shuffling spots with Bill Gates, Carlos Slim is now the second-richest person in the world and the richest in Mexico. Slim is the owner of the largest telecom carrier in Mexico, Telemex. One of the most impressive reasons for his rise to the position of richest person in the world was because of his diligently sought after investments after the recession in 1982.
3 Warren Buffet
Known as one of the best investors, Warren Buffet makes it to the third spot in this race of the richest people. His journey towards this position started from the traditional route of going to college and getting an MBA, followed by a masters in economics. His professional career started as an investment salesman, from which position he became a security analyst. The smart and ambitious young Warren started buying stock in Berkshire in 1962 and soon walked up the ladder to become the chairman of the textile manufacturing company. Named by TIME magazine as one of the 100 most influential people, Warren Buffet announced in 2006 that he will gradually donate 85% of his wealth to various foundations. He also made a cameo in the hit television serious The Office sarcastically portrayed as an interviewee haggling for salary!
4 Amancio Ortego
The retired owner of the Spanish fashion group Inditex, which is best known for the clothing chain Zara, Amancio Ortego is the fourth richest person in the world and richest in his home country, Spain. A truly self-made man, Ortego quit school at the young age of 13 due to monetary issues but has remarkably changed his life since. The 76-year-old capitalist intensely manages to keep his profile low and private and has given only three interviews in his lifetime.
5Ingvar Feodor Kamprad
Ingvar Feodor Kamprad founded the world famous furniture store IKEA way back in 1943 at the age of 17. With approximately 200 stores across 41 countries, IKEA employs 131,000 people worldwide! Being one of the top businessmen, Kamprad appreciates the value of money and thus frugally spends the billions that he has earned. He even prefers traveling in the economy class! The company has flourished in its business since its inception and made a staggering $36 billion in revenue and $4 billion in net income in 2012.
6 Charles & David Koch
The Koch brothers David and Charles together own the second largest private company in the world, Koch Industries. The younger of the duo, Charles, received a double masters degree in mechanical and chemical engineering from MIT in 1960 while his older brother, David earned his bachelors and masters degree in chemical engineering from MIT. TIME included the Koch brothers in its list of the most influential people of 2011. The brothers each own 42% of Koch Industries, which is listed as the 10th worst air polluter in the U.S.
8 Larry Ellison
Lawrence J Ellison, the co-founder of the American technology firm Oracle, has been listed as the eighth richest man in the world. The brilliant computer czar is a college dropout and came up with the idea behind is billion dollar firm after being inspired by an IBM research paper on relational databases. As one of the highest paid CEO’s, Larry has lavishly displayed the power of his wealth by owning one of the most expensive homes, a Japanese style imperial villa situated in Malibu. Among other rich people hobbies, Larry also owns a fleet of fancy aircrafts and cars!
9 Christy & Jim Walton
After his death in 2005 Sam Walton, the founder of America’s largest retail corporation Walmart, was survived by his wife Christy Ruth Walton and his youngest son James (Jim) Carr Walton. Christy inherited a tremendous amount of Sam’s wealth, making her the richest woman and the ninth richest person in the world. An ardent philanthropist, Christy has contributed to many organizations including the San Diego Natural History Museum, the San Diego Zoological Society and the the Mingei International Museum. Jim Walton owns around 12.6% of Walmart and is also the chairman and CEO of Arvest Bank. The 65-year-old is the tenth richest man in the world as listed by Forbes.