top of page

The 10 Richest People in the World: How They Built Their Wealth

Writer: Skyler TalleySkyler Talley

Updated: Nov 4, 2024



10 richest people in the world

The world’s wealthiest? They’re often seen as icons—visionaries who’ve turned ambitions into empires. Yet, beneath those staggering net worths lies a tale of grit, risk, and, for many, a surprising dedication to giving back. We’re diving into the stories of these ten titans, revealing the twists, bold moves, and legacies that have left a permanent dent in industries and societies alike.


Elon Musk: The Maverick Disruptor

Net Worth: $240 billion+

Elon Musk has redefined what it means to be a billionaire. Born in Pretoria, South Africa, Musk was a quiet, curious kid who found solace in books, particularly science fiction and technology. His fascination with space and computers led him to create and sell his first video game at just 12 years old. After moving to Canada and then to the United States, Musk attended the University of Pennsylvania, where he earned dual degrees in economics and physics. He briefly considered a Ph.D. at Stanford, but the lure of Silicon Valley and the booming tech industry was too strong—so he dropped out after two days.

Musk's first big success came with Zip2, a digital city guide for newspapers, which he co-founded with his brother Kimbal. Compaq acquired Zip2 for nearly $300 million, giving Musk his first major payday. But his ambitions stretched beyond a comfortable retirement; he wanted to change the world. His next venture, X.com, would eventually morph into PayPal, which eBay acquired for $1.5 billion, further inflating Musk's fortune.

The real game-changers, however, were Tesla and SpaceX. Musk joined Tesla in 2004, investing heavily and eventually becoming CEO. The electric car company was a financial struggle at first, but Musk’s relentless push for innovation and design transformed Tesla into the most valuable car company in the world, reaching a market cap of over $1 trillion. Meanwhile, SpaceX was born from Musk’s dream of making life interplanetary. The company pioneered reusable rocket technology, drastically reducing the cost of space travel, and became the first private entity to send astronauts to the International Space Station. Musk’s ventures in SolarCity, Neuralink, and The Boring Company also reflect his unyielding drive to reshape the future, whether it's through sustainable energy, AI integration, or innovative infrastructure.

Not just about wealth, Musk is a vocal advocate for a sustainable future. He has committed to the Giving Pledge, promising to donate the majority of his wealth, and launched a $100 million competition for carbon capture technologies. Elon Musk’s story isn’t just about riches; it’s about a relentless pursuit of the impossible, driven by an unshakable belief in technology’s power to change humanity’s trajectory.


Bernard Arnault: The Connoisseur of Luxury

Net Worth: $230 billion+

Bernard Arnault didn’t simply inherit wealth; he transformed it into an empire. Born in 1949 in Roubaix, France, Arnault was raised in a modest family. His father owned a construction company, and it was under his father’s guidance that Arnault learned the basics of business. But Arnault wasn’t content with the construction industry. After graduating from the prestigious École Polytechnique, he convinced his father to pivot the family business toward real estate, a move that paid off handsomely.

Arnault’s true genius, however, lay in the world of luxury. In 1984, he purchased the struggling textile company Boussac Saint-Frères, primarily to acquire Christian Dior, an iconic but then-fading brand. With Dior as the jewel in his crown, Arnault set out to build the world’s premier luxury conglomerate, LVMH, which now encompasses over 70 prestigious brands including Louis Vuitton, Fendi, Dom Pérignon, and Bulgari.

Arnault’s approach to luxury is strategic and meticulous. He has a knack for preserving a brand’s heritage while injecting just the right amount of innovation. This formula has turned Louis Vuitton into the most valuable luxury brand in the world and made LVMH a cultural powerhouse. Arnault also foresaw the importance of emerging markets and was an early advocate for expanding LVMH into Asia, particularly China. His relentless pursuit of acquisitions has not only fortified LVMH’s dominance but has also made him a billionaire many times over.

A passionate art collector, Arnault’s contributions to culture go beyond business. He established the Louis Vuitton Foundation, a space dedicated to contemporary art, and pledged millions for the restoration of Notre-Dame Cathedral after the 2019 fire. Arnault’s rise from a construction business heir to the world’s luxury mogul is a masterclass in vision, strategy, and an unparalleled understanding of what makes a brand truly timeless.


Jeff Bezos: The Relentless Retail King

Net Worth: $150 billion+

Jeff Bezos’s journey is one of relentless innovation and an unwavering focus on customer satisfaction. Born in 1964 in Albuquerque, New Mexico, Bezos displayed a knack for engineering and science from an early age. After graduating from Princeton with degrees in electrical engineering and computer science, he landed on Wall Street, where he quickly climbed the ranks. However, the emerging potential of the internet lured him away from finance. In 1994, Bezos left his cushy job to start an online bookstore—a decision that seemed absurd at the time.

Operating out of his garage, Bezos founded Amazon, a company that would eventually expand to sell everything from electronics to groceries. His obsessive focus on the customer experience led to innovations like one-click shopping and Amazon Prime, which redefined convenience in e-commerce. Bezos’s guiding principle—“Your margin is my opportunity”—drove Amazon to dominate the retail industry, eventually putting brick-and-mortar stores on the defensive.

Bezos wasn’t content with dominating retail. He recognized early the potential of cloud computing and launched Amazon Web Services (AWS), which became the backbone of the internet, powering everything from Netflix to government agencies. AWS’s success not only solidified Amazon’s status as a tech powerhouse but also generated billions in profit, fueling the company’s relentless expansion.

Bezos’s ambitions go beyond Earth. His space venture, Blue Origin, aims to make space travel accessible, with the ultimate goal of enabling humans to live in space. Bezos has also turned his attention to philanthropy, particularly through the Bezos Earth Fund, a $10 billion initiative to fight climate change. Jeff Bezos’s legacy is not just in retail or technology—it’s a testament to what can be achieved through visionary risk-taking and an almost monomaniacal focus on innovation.


Larry Ellison: The Tech Rebel

Net Worth: $130 billion+

Larry Ellison is one of Silicon Valley’s most colorful figures, known as much for his intense drive as for his larger-than-life lifestyle. Born in New York City in 1944 and raised by adoptive parents in Chicago, Ellison faced a rough start. He dropped out of college twice and drifted to California, where he worked various programming jobs. His turning point came when he read a research paper on relational database management by Edgar F. Codd, which inspired him to co-found Software Development Laboratories in 1977. This would later become Oracle Corporation.

Oracle was a game-changer, creating one of the first commercial relational database systems. Under Ellison’s aggressive leadership, Oracle became a powerhouse, securing contracts with the CIA and IBM. Ellison’s management style was famously tough; he was competitive to the core, pushing Oracle to dominate the database market, often with little regard for rivals or critics. His ambition extended beyond Oracle, turning him into a Silicon Valley icon.

Ellison’s lifestyle is equally legendary. From buying an entire Hawaiian island to owning yachts and fighter jets, he epitomizes billionaire excess. However, Ellison is also deeply invested in philanthropy. He signed the Giving Pledge and has donated millions to medical research, particularly in the fields of aging and infectious diseases. Larry Ellison’s journey from a college dropout to one of the wealthiest and most influential tech entrepreneurs demonstrates that sometimes, unorthodox paths lead to monumental success.


Warren Buffett: The Frugal Genius

Net Worth: $120 billion+

Warren Buffett’s wealth isn’t a product of flashy tech or high-risk ventures; it’s built on time-tested principles and a rare discipline. Born in Omaha, Nebraska, in 1930, Buffett was fascinated by business and investing from an early age, selling everything from chewing gum to Coca-Cola to fund his early stock purchases. His frugality is legendary: Buffett still lives in the same modest house he bought in 1958.

After graduating from the University of Nebraska, Buffett studied under Benjamin Graham at Columbia Business School. Graham’s philosophy of value investing, focusing on intrinsic worth and margin of safety, became the bedrock of Buffett’s approach. In 1965, he took control of Berkshire Hathaway, a struggling textile company, and transformed it into a conglomerate with holdings in insurance, utilities, railroads, and consumer goods. Berkshire Hathaway’s stock price has skyrocketed under Buffett’s leadership, making it one of the most valuable companies in the world.

Known for his down-to-earth lifestyle, Buffett avoids the trappings of wealth. His philanthropy, however, is substantial. He pledged to give away 99% of his wealth, primarily through the Gates Foundation. Through his charitable contributions, Buffett has cemented his legacy not just as an investor but as one of the world’s most generous philanthropists. His story is a masterclass in patience, discipline, and the power of compound interest.


10 richest people in the world

Bill Gates: The Software Pioneer

Net Worth: $110 billion+

Bill Gates didn’t just ride the wave of the computer revolution—he led it. Born in 1955 in Seattle, Washington, Gates was introduced to computers as a teenager, thanks to his school’s early access to a Teletype Model 33, a rare luxury in the 1960s. By age 13, he was writing his first programs, showing an early genius for software. Gates attended Harvard University but dropped out in 1975 to launch Microsoft with his childhood friend, Paul Allen, after spotting an opportunity in the nascent personal computer market.

Microsoft’s first big success came when it developed an interpreter for the Altair 8800, an early microcomputer. But it was in 1980, when Microsoft struck a deal with IBM to supply the operating system for its PCs, that Gates’s vision took off. Gates bought an existing operating system, rebranded it as MS-DOS, and licensed it to IBM while retaining the rights to license it to other manufacturers. This single move made Microsoft the dominant software provider for PCs.

With the release of Windows in 1985, Microsoft introduced a graphical interface that transformed computing for the masses. Under Gates's leadership, the company released iconic products like Microsoft Office, further entrenching itself in businesses and homes worldwide. By the early 1990s, Gates was the richest person on the planet, and Microsoft was virtually unchallenged in the software market.

In 2000, Gates stepped down as CEO but continued to shape Microsoft’s strategy as chairman and chief software architect. Gates has since pivoted much of his focus to philanthropy. Along with his then-wife Melinda, he established the Bill & Melinda Gates Foundation, one of the world’s largest private foundations, with a focus on global health, education, and poverty. His influence extends to fighting malaria, improving educational resources, and tackling climate change. Gates’s journey from software pioneer to philanthropist reveals a unique dual legacy in both technology and humanitarianism.


Mark Zuckerberg: The Social Networker

Net Worth: $100 billion+

Mark Zuckerberg’s rise is perhaps the quintessential story of the digital age. Born in 1984 in White Plains, New York, Zuckerberg showed an early talent for coding. By middle school, he had developed ZuckNet, a messaging program for his family. At Phillips Exeter Academy, Zuckerberg created Synapse, a music software using AI, drawing acquisition offers from Microsoft and AOL—which he turned down to attend Harvard.

At Harvard, Zuckerberg developed “The Facebook” in 2004 as a networking site for college students. It quickly spread to other Ivy League schools, and Zuckerberg, driven by the site’s potential, dropped out to grow the platform. Supported by co-founders Eduardo Saverin, Dustin Moskovitz, and Chris Hughes, Facebook became a social media juggernaut, redefining how people connect and share information.

By 2006, Facebook opened up to anyone over 13, attracting millions of users and venture capital. In 2012, Facebook’s IPO was one of the largest in history, valuing the company at over $100 billion. Zuckerberg’s foresight didn’t stop with Facebook; his acquisitions of Instagram, WhatsApp, and Oculus VR solidified Facebook’s grip on social media and tech. In 2021, he rebranded Facebook as Meta, steering the company toward his vision of the metaverse, an interactive virtual world that aims to reshape how we experience digital interactions.

Despite his success, Zuckerberg has faced scrutiny for Facebook’s role in privacy issues, mental health, and misinformation. Zuckerberg has since implemented policies to address these concerns. In 2015, he and his wife Priscilla Chan launched the Chan Zuckerberg Initiative, committing billions to education, healthcare, and criminal justice reform. Zuckerberg’s journey is one of boundless ambition and innovation, with the weight of global responsibility increasingly shaping his legacy.


Sergey Brin: The Search Engine Genius

Net Worth: $95 billion+

Sergey Brin’s story is as much about ambition as it is about curiosity. Born in Moscow in 1973, Brin’s family immigrated to the United States to escape Soviet-era restrictions against Jewish citizens. Settling in Maryland, Brin thrived academically, following his parents into the world of academia. He graduated with honors in computer science and mathematics from the University of Maryland before pursuing a Ph.D. in computer science at Stanford University, where he met Larry Page.

The two Ph.D. students bonded over their interest in organizing information, leading to the creation of a search engine project they called “Backrub,” which ranked pages based on links rather than keywords. This concept evolved into PageRank and laid the foundation for Google. In 1998, Brin and Page officially launched Google from a friend’s garage. Google quickly set itself apart from other search engines, and by 2004, the company went public, cementing Brin’s and Page’s wealth and influence.

Under Brin’s guidance, Google expanded from a search engine to a tech titan, launching products like Gmail, Google Maps, and Chrome. He also championed Google’s experimental projects, leading to Alphabet Inc., a parent company that allowed Google to branch into self-driving cars, life sciences, and other ambitious fields.

Although Brin stepped down from daily operations in 2019, his impact is far-reaching. His philanthropic work focuses on Parkinson’s research (a disease in his family), education, and the environment through the Brin Wojcicki Foundation. Sergey Brin’s journey from immigrant to tech visionary underscores his commitment to pushing the boundaries of technology and reshaping how we access information.


Larry Page: The Visionary Behind Google

Net Worth: $94 billion+

Larry Page was practically born to innovate. Raised in East Lansing, Michigan, in a family of computer scientists, Page grew up surrounded by computers and technology. He attended the University of Michigan, where he earned a degree in engineering, before pursuing a Ph.D. at Stanford University, where he met Sergey Brin. The two shared a vision to improve how people searched for information online, leading to the creation of “Backrub” and eventually, Google.

In 1998, Google launched from a garage, and the rest is tech history. Page’s innovative spirit was central to Google’s rise; he constantly pushed for products like Google Maps, AdWords, and YouTube, which fundamentally changed online advertising and the internet landscape. Google’s focus on developing new tools extended to artificial intelligence and self-driving cars, laying the groundwork for the company’s future.

In 2015, Page and Brin restructured Google under Alphabet Inc., with Page as CEO, allowing Google to pursue “moonshots” while maintaining its core businesses. Although he stepped down from daily operations in 2019, Page’s influence is still evident in Alphabet’s ventures. Outside of Google, he supports philanthropic causes in health and sustainability, having signed the Giving Pledge to donate most of his wealth. Larry Page’s legacy is defined by his relentless pursuit of knowledge and a vision for a tech-driven world.


Mukesh Ambani: The Indian Industrialist

Net Worth: $92 billion+

Mukesh Ambani’s wealth and influence extend beyond money; they’re deeply woven into India’s economy. Born in Yemen in 1957, Ambani moved to Mumbai with his family, where his father, Dhirubhai Ambani, laid the groundwork for Reliance Industries, initially a textile company. Mukesh studied chemical engineering and briefly attended Stanford, but returned to India in 1981 to join his father’s business.

Under Mukesh’s leadership, Reliance expanded from textiles to petrochemicals, refining, and energy. His boldest move was constructing the world’s largest petroleum refinery in Jamnagar, positioning Reliance as a global player. However, Mukesh’s vision wasn’t limited to oil. In 2002, he spearheaded Reliance’s entry into telecommunications, launching Reliance Infocomm, which quickly grew to one of India’s largest networks.

In 2016, Ambani transformed India’s telecom landscape with Jio, offering low-cost data and free voice calls, bringing the internet to millions and disrupting the market. Within months, Jio attracted over 100 million subscribers, fundamentally altering India’s digital economy. Mukesh’s vision also led Reliance into retail, creating India’s largest retail network and branching into e-commerce.

Beyond business, Mukesh has invested in philanthropy through the Reliance Foundation, focusing on healthcare, education, and rural development. Mukesh Ambani’s journey from inheriting a modest family business to leading a global conglomerate highlights his strategic vision and commitment to transforming India into a digital powerhouse.


 
 
 

Comments


bottom of page