This article contain the top 10 richest persons on the planet as at 2016, with majority of them from the USA.
- 8 of them are from the US
- 1 from Mexico
- 1 from Spain
Facebook’s Mark Zuckerberg had the best year of all billionaires. The 31-year-old added $11.2 billion to his fortune. He and Amazon’s Jeff Bezos both make their first appearance in the top 10 of Forbes’ annual ranking of the world’s wealthiest.
The world’s richest people in 2016
NO. 10 (TIE): DAVID KOCH
Net worth: $39.6 billion, drop down $3.3 billion
Origin of wealth:diversified
Age: 75
Country: United States
• David Koch shares control of $115 billion (sales) Koch Industries with his older brother, Charles.
• Koch Industries has interests in oil pipelines, refineries, building materials, paper towels and Dixie cups, and is growing with acquisitions fueled by the company’s prodigious cash flow.
• He joined his brother’s campaign to raise and spend almost $900 million on political activity, education and issues like criminal-justice reform in the run-up to this year’s presidential election.
• David has pumped more than $130,000 into Republican causes and PACs, although he and brother Charles have yet to endorse a presidential candidate.
• An active philanthropist, The Metropolitan Museum of Art in New York has the David H. Koch Plaza, part of a $65 million renovation he funded, and the David Koch Charitable Foundation has made more than $1.2 billion in contributions over his lifetime.
Origin of wealth:diversified
Age: 75
Country: United States
• David Koch shares control of $115 billion (sales) Koch Industries with his older brother, Charles.
• Koch Industries has interests in oil pipelines, refineries, building materials, paper towels and Dixie cups, and is growing with acquisitions fueled by the company’s prodigious cash flow.
• He joined his brother’s campaign to raise and spend almost $900 million on political activity, education and issues like criminal-justice reform in the run-up to this year’s presidential election.
• David has pumped more than $130,000 into Republican causes and PACs, although he and brother Charles have yet to endorse a presidential candidate.
• An active philanthropist, The Metropolitan Museum of Art in New York has the David H. Koch Plaza, part of a $65 million renovation he funded, and the David Koch Charitable Foundation has made more than $1.2 billion in contributions over his lifetime.
NO. 9 (TIE): CHARLES KOCH
Net worth: $39.6 billion, down $3.3 billion
Origin of wealth: diversified
Age: 80
Country: United States
• Fortune down $3.3 billion due mostly to lower oil prices; its key business groups include oil pipelines, refineries, building materials, paper towels and Dixie cups.
• One of the most politically influential billionaires in the U.S., Charles Koch compares his crusade for smaller government and economic liberty to the civil rights campaign. He has indicated that he may spend some of his money trying to defeat Donald Trump.
• Funding for the Koch influence machine comes from $115 billion (sales) Koch Industries, which Charles continues to steer as chairman. He has held that job since 1967 when the company was worth $50 million. Now the second-largest private company in America, it’s valued at $100 billion.
• Charles has been chairman of Koch Industries since 1967, when the company had earnings of $4 million.
Origin of wealth: diversified
Age: 80
Country: United States
• Fortune down $3.3 billion due mostly to lower oil prices; its key business groups include oil pipelines, refineries, building materials, paper towels and Dixie cups.
• One of the most politically influential billionaires in the U.S., Charles Koch compares his crusade for smaller government and economic liberty to the civil rights campaign. He has indicated that he may spend some of his money trying to defeat Donald Trump.
• Funding for the Koch influence machine comes from $115 billion (sales) Koch Industries, which Charles continues to steer as chairman. He has held that job since 1967 when the company was worth $50 million. Now the second-largest private company in America, it’s valued at $100 billion.
• Charles has been chairman of Koch Industries since 1967, when the company had earnings of $4 million.
NO. 8: MICHAEL BLOOMBERG
Net worth: $40 billion, up $4.5 billion
Origin of wealth: Bloomberg LP
Age: 74
Country: United States
• Moves up six spots; was ranked 14th richest in 2015.
• Displaces David Koch as New York City’s richest resident for first time in six years.
• Since returning as Bloomberg LP’s CEO in early 2015, he’s shaken up the media part of the business with staff changes and reported layoffs as it has refocused on its core coverage area: business and financial news.
• Financial data and media firm Bloomberg LP’s estimated revenues rose 3% in 2015 to $9.3 billion.
• Indicated he might run for U.S. president but so far has not declared himself a candidate.
Origin of wealth: Bloomberg LP
Age: 74
Country: United States
• Moves up six spots; was ranked 14th richest in 2015.
• Displaces David Koch as New York City’s richest resident for first time in six years.
• Since returning as Bloomberg LP’s CEO in early 2015, he’s shaken up the media part of the business with staff changes and reported layoffs as it has refocused on its core coverage area: business and financial news.
• Financial data and media firm Bloomberg LP’s estimated revenues rose 3% in 2015 to $9.3 billion.
• Indicated he might run for U.S. president but so far has not declared himself a candidate.
NO. 7: LARRY ELLISON
Net worth: $43.6 billion, down $10.7 billion
Origin of wealth: Oracle
Age: 71
Country: United States
• Oracle stock fell 19% since February 2015.
• His ranking dropped to seventh richest, down from fifth richest in 2015.
• Oracle working to expand its cloud-computing, putting it in competition with Amazon.
• Ellison is reportedly building homes and adding heliports to the two Four Seasons resorts he owns on the Hawaiian island of Lanai. He bought the island in 2012 for a reported $300 million.
Origin of wealth: Oracle
Age: 71
Country: United States
• Oracle stock fell 19% since February 2015.
• His ranking dropped to seventh richest, down from fifth richest in 2015.
• Oracle working to expand its cloud-computing, putting it in competition with Amazon.
• Ellison is reportedly building homes and adding heliports to the two Four Seasons resorts he owns on the Hawaiian island of Lanai. He bought the island in 2012 for a reported $300 million.
NO. 6: MARK ZUCKERBERG
Net worth: $44.6 billion, up $11.2 billion
Origin of wealth: Facebook
Age: 31
Country: United States
• No one on the planet has had a better 12 months than Zuckerberg.
• Facebook’s soaring stock price, up 35% in the past year, makes him the world’s biggest gainer.
• Became a father for the first time and celebrated the milestone by announcing that he plans to give away 99% of his Facebook stock, nearly all his wealth, to charitable causes during his lifetime.
• Messaging app Whatsapp, purchased in 2014, surpassed one billion users in February.
• Nearly two years after buying virtual reality startup Oculus, Facebook will start shipping the Rift VR headset in March 2016.
Origin of wealth: Facebook
Age: 31
Country: United States
• No one on the planet has had a better 12 months than Zuckerberg.
• Facebook’s soaring stock price, up 35% in the past year, makes him the world’s biggest gainer.
• Became a father for the first time and celebrated the milestone by announcing that he plans to give away 99% of his Facebook stock, nearly all his wealth, to charitable causes during his lifetime.
• Messaging app Whatsapp, purchased in 2014, surpassed one billion users in February.
• Nearly two years after buying virtual reality startup Oculus, Facebook will start shipping the Rift VR headset in March 2016.
NO. 5: JEFF BEZOS
Net worth: $45.2 billion, up $10.4 billion
Origin of wealth: Amazon.com
Age: 52
Country: United States
• Amazon finished a record 2015 with $107 billion in revenue.
• Its stock is up 33% in the past year; it had been higher but fell back to earth in early 2016 after the company missed earnings estimates.
• Bezos manages two other companies in addition to Amazon: aerospace venture Blue Origin, which successfully launched a rocket into sub-orbit, and The Washington Post.
• He moves up from No. 15 to No. 5, entering the top 10 richest for the first time.
Origin of wealth: Amazon.com
Age: 52
Country: United States
• Amazon finished a record 2015 with $107 billion in revenue.
• Its stock is up 33% in the past year; it had been higher but fell back to earth in early 2016 after the company missed earnings estimates.
• Bezos manages two other companies in addition to Amazon: aerospace venture Blue Origin, which successfully launched a rocket into sub-orbit, and The Washington Post.
• He moves up from No. 15 to No. 5, entering the top 10 richest for the first time.
NO. 4: CARLOS SLIM HELU
Net worth: $50 billion, down $27.1 billion
Origin of wealth: Telecom
Age: 76
Country: Mexico
• Slim was the biggest loser on the planet, dropping $27.1 billion in one year.
• He fell to world’s 4th richest person from world’s 2nd richest in 2015.
• Shares of his mobile phone operator America Movil dropped 42% (in dollar terms) since 2015.
• 21% decline in value of Mexican peso against the U.S. dollar also lowered the value of his other assets, including banking and financial firm Grupo Financiero Inbursa.
• He is the largest shareholder of The New York Times, with a nearly 17% stake.
Origin of wealth: Telecom
Age: 76
Country: Mexico
• Slim was the biggest loser on the planet, dropping $27.1 billion in one year.
• He fell to world’s 4th richest person from world’s 2nd richest in 2015.
• Shares of his mobile phone operator America Movil dropped 42% (in dollar terms) since 2015.
• 21% decline in value of Mexican peso against the U.S. dollar also lowered the value of his other assets, including banking and financial firm Grupo Financiero Inbursa.
• He is the largest shareholder of The New York Times, with a nearly 17% stake.
NO. 3: WARREN BUFFETT
Net worth: $60.8 billion, down $11.9 billion
Origin of wealth: Berkshire Hathaway
Age: 85
Country: United States
• Holds onto his spot at No. 3. Among the top 20, only he and Bill Gates have same rank as year ago.
• His Berkshire Hathaway is the fifth-most valuable corporation in the U.S.; it owns companies like Geico, Dairy Queen and Fruit of the Loom, and has significant investments in Wells Fargo, IBM and Coca-Cola.
• His fortune is down $11.9 billion, as Berkshire Hathaway shares fell 13% since February 2015.
• Some of Berkshire Hathaway’s biggest holdings saw share prices drop: American Express fell 33%, IBM fell 25% and Wells Fargo fell 15%.
• Buffett is one of Hillary Clinton’s biggest proponents. He has long supported the former first lady’s bid to return to the White House — donating to her campaign and, in December 2015, speaking at a Clinton rally in his hometown of Omaha, Nebraska.
• He pulled off his biggest-ever deal in August 2015, when Berkshire Hathaway agreed to pay $37 billion for Precision Castparts, a maker of aerospace and industrial parts.
• Lately he has also been buying up hundreds of millions worth of stock in energy firm Phillips 66.
Origin of wealth: Berkshire Hathaway
Age: 85
Country: United States
• Holds onto his spot at No. 3. Among the top 20, only he and Bill Gates have same rank as year ago.
• His Berkshire Hathaway is the fifth-most valuable corporation in the U.S.; it owns companies like Geico, Dairy Queen and Fruit of the Loom, and has significant investments in Wells Fargo, IBM and Coca-Cola.
• His fortune is down $11.9 billion, as Berkshire Hathaway shares fell 13% since February 2015.
• Some of Berkshire Hathaway’s biggest holdings saw share prices drop: American Express fell 33%, IBM fell 25% and Wells Fargo fell 15%.
• Buffett is one of Hillary Clinton’s biggest proponents. He has long supported the former first lady’s bid to return to the White House — donating to her campaign and, in December 2015, speaking at a Clinton rally in his hometown of Omaha, Nebraska.
• He pulled off his biggest-ever deal in August 2015, when Berkshire Hathaway agreed to pay $37 billion for Precision Castparts, a maker of aerospace and industrial parts.
• Lately he has also been buying up hundreds of millions worth of stock in energy firm Phillips 66.
NO. 2: AMANCIO ORTEGA
Net worth: $67 billion, up $2.5 billion
Origin of wealth: Zara
Age: 79
Country: Spain
• Shares of Inditex were up 2% in past 12 months, but the value of those shares flat over past year due to stronger dollar. Vast bulk of fortune held in Inditex
• Has more than $8 billion in real estate investments all over the world, including Madrid, Barcelona, London, Chicago, Miami and New York
• His fortune rose $45 billion between 2009 and 2014
• Co-founded Zara with ex-wife Rosalia Mera (died 2013) in 1975.
Origin of wealth: Zara
Age: 79
Country: Spain
• Shares of Inditex were up 2% in past 12 months, but the value of those shares flat over past year due to stronger dollar. Vast bulk of fortune held in Inditex
• Has more than $8 billion in real estate investments all over the world, including Madrid, Barcelona, London, Chicago, Miami and New York
• His fortune rose $45 billion between 2009 and 2014
• Co-founded Zara with ex-wife Rosalia Mera (died 2013) in 1975.
NO. 1: BILL GATES
Net worth: $75 billion, down $4.2 billion (vs. 2015 list)
Origin of wealth: Microsoft
Age: 60
Country: United States
• Fortune down $4.2 billion in the past year.
• Drop mainly due to declines in Canadian Pacific Railway, Grupo Televisa stocks.
• Microsoft stock up 15% since Feb 2015.
• He owns just under 3% of Microsoft.
• Richest person in world for third year in a row.
• Richest person in world 17 times in the past 22 years.
• He has given $31.5 billion to his charitable foundation.
(Microsoft owns and publishes MSN.)
Origin of wealth: Microsoft
Age: 60
Country: United States
• Fortune down $4.2 billion in the past year.
• Drop mainly due to declines in Canadian Pacific Railway, Grupo Televisa stocks.
• Microsoft stock up 15% since Feb 2015.
• He owns just under 3% of Microsoft.
• Richest person in world for third year in a row.
• Richest person in world 17 times in the past 22 years.
• He has given $31.5 billion to his charitable foundation.
(Microsoft owns and publishes MSN.)
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