These days we come across the news of people who made their fortune by hard work, dedication, relationship and business acumen like Mr.Jeff Bezos of Amazon from United Sates of America and Shri Mukesh Ambani of Reliance Industries from India. Factinfact is putting the list of Top 10 Business Owners who are making billions of dollars by running businesses that are changing the lives of millions for good.
The following list is based on the market cap plus other Assets of the companies that these Business men own and so the order changes a bit based on their stock value but more or less these top 10 list remains the same, these figures are as of August 2020:
Jeff Bezos : $190 billion
He started his company Amazon as Book Selling Portal and now Amazon is household name across the Globe that not only makes money for itself by earning the commission from the vendors (shop keepers, manufacturers etc) but also makes money for the vendors.
The model of Amazon became so successful that there are businesses that solely survive by selling their products via Amazon. It is counted among the Big 4 of America, remaining 3 being Google, Apple and Facebook.
It became so big online that it decided to acquire Whole Foods-a retail chain of America for $13.4 billion in 2017 to spread its reach physically as well.
Amazon is second largest Private employer in the United States of America, 1st is Walmart.
Amazon is so big that it own 40 businesses some of which are acquired and most of these are very famous names like Audible, ImDB- internet movie database considered a pioneer in movie rating business, Goodreads- a social cataloguing website for book selection, junglee.com from India, the very famous home automation company Ring that makes smart door bells and of course Whole Foods, to name a few.
Bill Gates : $120 billion
Bill Gates has been a household name as the richest person in the world for almost 2 decades. He started Microsoft Corporation in 1975 with childhood friend Paul Allen.
Microsoft is a leader in Personal Computer space and maintains the same till date.
He founded the Bill & Melinda Gates Foundation for the philanthropy work that he and his wife Melinda French and is known as the wealthiest NGO in the world with $34.6 billion. The foundation focuses on Climate Change, Global Health and Education
Mark Zukerberg : $100 billion
Popularly known as the accidental billionaire after the famous movie The Social Network, Mark Zukerberg at the age of 36 years is the youngest self-made billionaire the world has seen.
He was so confident about the future success of Facebook that he turned down offers from NewsCorp, Viacom, MySpace, Google, Yahoo, Microsoft and many more.
The company is growing in leaps and bounds and is the leader in Digital Marketing Space, the only company that is giving it a tough fight in the Digital Marketing or Online Advertising Space is Google.
In 2019, Facebook clocked $ 70.7 billion, it was at $55.8 billion in 2018, such is the scale at which it is growing.
No questions why the youngest CEO and youngest billionaire spend anywhere from $7 to $8 million on his personal security, $7.3 million was his security detail spends in 2017 as per the United States Securities and Exchange Commission.
Bernard Arnault: $81.4 billion
Benard Jean Arnault is French businessman known for the ownership of Luis Vuitton Brand which is first choice for luxury goods buyer.
In December 2019 and in Jan 2020, he became the richest person on Earth surpassing Jeff Bezos.
Bernard owns 60 brands like DKNY, Thomas Pink, Loewe, Mark Jacobs, Sephora and Fendi to name a few.
Mukesh Ambani : $80.3 billion
Elder son of the famous Textile Industrialist Shri Dhirbhai Ambani, Mukesh got the Reliance Industries in inheritance that included Reliance Petrochemicals, Textiles with its brand name Vimal and Natural resources.
In 2002, Reliance made the largest Gas discoveries in the world in 2002 at the Krishna Godavri Basin in India.
In 2006, Reliance Industries ventured in the Retail Sector launching its first store and in April 2020 Reliance became the biggest Retailer in India with more than 11500 Retail stores and revenue of $23 billion.
Reliance became the first Indian Company to touch the Market Capitalization of $200 billion on 10th September 2020 when its share touch record high of Rs.2335. Mukesh Ambani is known for its business acumen and has taken to Rs.6,59,000 crores ($92 billion) in 2020 from Rs.65,061 crores.
Mukesh Ambani is also famous for the costliest home ever built by anyone. His home ‘Antilia’ in Mumbai-India is currently valued at $2 billion. Antilia is 173 meters high 27 floor building managed by a staff of 600.
Steve Ballmer $77.7 billion
Steve Ballmer is known as the Microsoft man as he was the CEO of Microsoft from 2000 to 2014. He was hired by Bill Gates in 1980.
He owns the NBA team Los Angeles Clippers. Ballmer became rich because he owned 8% of Microsoft Shares in 1981; he made a lot of money by selling his stake in 2003 owned 4% of Microsoft which is again a huge value.
Ballmer is one of the few in the world who became a billionaire based on the stock options in spite not being relative or co-founder of the company.
Warren Buffet : $77.5 billion
Warren is household name for all the investors in the world. He is known as the ‘Oracle of Omaha or Saga of Omaha’.
His company Berkshire Hathway is an multinational conglomerate holding company that owns multiple enterprises starting from GEICO, Duracell, Fruit of the Loom, NetJets, Lubrizol, Dairy Queen, BNSF, Helzberg Diamonds, Long and Foster to name a few and 26.7% stake in Kraft Heinz Company, 17.6% stake in American Express, 9.9% stake in Wells Fargo Bank, 9.32% stake in Coca Cola, 9.32% stake in Bank of America and 5 % stake in Apple are few of his other businesses.
He has major stakes American Airlines companies namely United, Delta, Southwest and American Airline which he sold in the year 2020.
Larry Page : $71.6 billion
Larry Page founded Google along with Sergey Brin. Both were doing their Ph.D from Standford University. Together they created the biggest search engine in the world named Google.
They incorporated Google in 1998 and by 2000 it had indexed 1 billion URLs making it the biggest and most comprehensive search engine.
The acquisition of Double Click (a digital advertising platform) and Youtube (most poplular Video Sharing Platform) became the most successful ones as these 2 platforms drive the major revenue of Alphabet-parent company of Google.
Elon Musk : $70.2 billion
Elon Musk turned out to be another young billionaire who is every young entrepreneur’s dream.
He is an engineer-inventor, a visionary and a definitely a smart businessmen who knew what he was talking about when people did not believe his vision.
Elon is known for his Car brand Tesla and now his latest success SpaceX.
Elon believes in new technologies that can make life a much convenient one that what it is today. With SpaceX, he has plans to settle a colony in Mars, with The Boring Company he has plans to change the way we drive in the crowded cities by making the cars moves through underground tunnel, with Neuralink he plans to help implant wireless brain-computer interfaces in the brain to cure condition like Alzheimer’s and Spinal Cord injuries with the help of Artificial Intelligence.
Elon was doing his Ph.D in applied physics from Standford University and decided to drop when he formed Zip2-a web software company which was sold to Compaq for $309 million in 1999 and then he formed Paypal and finally sold it to ebay for a whopping $1.5 billion in 2002. Instead of enjoying the money that he made, he decided to go all in for his future idea SpaceX, followed by Tesla and others.
Sergey Brin $69.4 billion
Sergey was in the same class as Larry Page doing his Ph.D from Standford University where he joined the project that Larry was working On. They both formed Google with the vision of bring in all the websites on one platform.
Today, life is far simpler, thanks to Larry Page and Sergey Brin for creating Google and its variety of products like Youtube, Google Search Engine, Google Maps to name a few.