You are here: Home » Current Affairs » News » National
India, China armies agreed to cool down situation, says Chinese official
Business Standard

Hurun's rich list 2020: Here are the top 10 richest people in the world

Amazon CEO, Jeff Bezos, retains the top spot on the list with $140 billion net worth, down $7 billion from last year, mainly due to the world's largest divorce settlement

Topics
Hurun rich list | Bill Gates | Mark Zuckerberg

BS Web Team  |  New Delhi 



#9 Steve Ballmer, former CEO, Microsoft

#9 Steve Ballmer, former CEO, Microsoft 1 / 10 Photo: Shutterstock

Former CEO, Steve Ballmer was a big winner on the list this year. Thanks to surge in the company's share price, topping $1 trillion valuation and becoming the world’s most valuable company again. Ballmer’s holds 4 per cent share of Microsoft, worth $56 billion, with other assets including the Los Angeles Clippers, a basketball team.

#9 Mukesh Ambani, CMD, Reliance Industries

#9 Mukesh Ambani, CMD, Reliance Industries 2 / 10

reported a 24 per cent surge in its revenue to $67 billion, making Ambani the only Asian making it to the list of top 10. Ambani’s wealth increased mainly on the back of a good performance in his telecoms business.

#8 Sergey Brin and Larry Page, co-founders, Google

#8 Sergey Brin and Larry Page, co-founders, Google 3 / 10 Photo: Reuters

Google co-founders, Sergey Brin and Larry Page, made it to the list for a second year running, with their net worth up 26 per cent each to $68 billion and $67 billion, respectively.

#7 Carlos Slim Helu, Mexican businessman

#7 Carlos Slim Helu, Mexican businessman 4 / 10

Down one place, Carlos Slim Helu has secured seventh position this year, with $72 billion. Helu’s fortune largely stems from telecommunications company America Movil and Grupo Carso, a holding company that engages in the retail, industrial, and construction business. Besides, Helu is also a significant shareholder of the New York Times and financial conglomerate Citigroup.

#6 Amancio Ortega, co-founder, Inditex

#6 Amancio Ortega, co-founder, Inditex 5 / 10 Photo: Shutterstock

of Inditex, world's largest fashion firm, including chains like ZARA, is placed sixth this year, on the back of a massive $25 billion increase to $81 billion.

Ortega acquired commercial property worth $11 billion of prime shopping real estate in London and New York using dividends from Inditex.

#5 Mark Zuckerberg, CEO, Facebook

#5 Mark Zuckerberg, CEO, Facebook 6 / 10 Photo: Shutterstock

CEO, Mark Zuckerberg’s revenue has reported a spike of $4 billion, keeping him in fifth place with $84 billion net worth.

#4 Warren Buffett, CEO, Berkshire Hathaway

#4 Warren Buffett, CEO, Berkshire Hathaway 7 / 10

One of the most successful investors of all time, Warren Buffett dropped one place to fourth spot, amid the coronavirus pandemic. A recent SEC filing shows that Buffett’s firm Berkshire Hathaway is investing money into defence stocks that are relatively immune from negative economic growth.

#3 Bill Gates, co-founder, Microsoft

#3 Bill Gates, co-founder, Microsoft 8 / 10

Similarly, dropped to third position on the list, with a net worth of $106 billion, despite an addition of $10 billion to his revenue. Last month, Gates announced a $100-million commitment to fight coronavirus which has triggered a global health emergency.

#2 Bernard Arnault, CEO, LVMH

#2 Bernard Arnault, CEO, LVMH 9 / 10

Despite major business grappling with pandemic, Bernard Arnault, man behind an empire of 70 brands including likes of Louis Vuitton and Sephora, continued his meteoric rise, securing the second place on the list with $107 billion, up $21 billion over last year. Arnault in November announced a deal to acquire Tiffany for $16 billion to get more access to US luxury consumers.

#1 Jeff Bezos, CEO, Amazon Inc

#1 Jeff Bezos, CEO, Amazon Inc 10 / 10

Amazon CEO, Jeff Bezos, retained the top spot on the list with $140 billion, down $7 billion last year, mainly due to the world’s largest divorce settlement with former wife MacKenzie Bezos, who makes the list in her own right with $44 billion. Amazon is one of four companies, whose valuations have hit $1 trillion, the others being Microsoft, Apple and Google.

ALSO READ: In pics: Mukesh Ambani 9th among top-10 richest men. Who are the others?

Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, June 23 2020. 14:12 IST

RECOMMENDED FOR YOU

.