When talking about the wealthiest person in the world, most people have a pretty good idea. Moreover, these days people have so much idea on this topic that they can easily guess even they are not into the field of entrepreneurship. You probably already have names coming into your mind, speculating about who will be on our list of Top 5 billionaires in 2020.
In this article, we have listed the list of top 5 billionaires of the world as of 2020. Additionally, the article also covers recent information about their networks and current stock data. The net worth of these billionaires has been massively fluctuating over the past year. The stats given here concerning net worth came directly from Forbes.
Corona Virus and Billionaires
The coronavirus struck the global economy so hard that it has affected the wealth of the billionaires. Forbes recently released the annual list of billionaires and found that the number of billionaires has fallen dramatically because of the pandemic. As per the Forbes list published on March 18, there were 2,095 billionaires in 2020.
Forbes also released that all the 2.095 billionaire combined worth is around $8 trillion (approx), which is $700 billion lower than in 2019. The reports published by Forbes also states that 267 people who were billionaires last year are no longer billionaires. On the other hand, 178 new people have reached billionaire status this year.
Without further due, let’s dive into the list of top 5 billionaires in 2020.
Amazon’s Owner Jeff Bezos
Jeff Bezos is the world’s richest person with a fortune of $115 billion. Further, he starts his company in 1997 in a small office which eventually turned out to be the world’s biggest enterprise. Well, Amazon is an online-based market from where you can get a pin to ship.
After the 15th year of Amazon being public, Jeff Bezos sold about 1/5th of the company for roughly $2 billion. Despite selling share, Jeff Bezos saw his net worth rise almost 6.5% after Amazon’s stock reached a new all-time high with the e-commerce giant facing unprecedented demand.
Despite the coronavirus pandemic around the globe, amazon reaches a new mark close to $2,283 per share. So far this year, the company’s stock has risen by over 20%, outperforming the benchmark index. Besides Amazon, Bezos has invested in many other companies too. According to the sources, he has a share of $36 million in Uber, $15 million on Twitter, Airbnb, Washington Post, etc.
King of Microsoft, Bill Gates
Bill Gates falls to the second position as a billionaire after Amazon ranked on top. Further, Bill Gates is the second richest person in the world, with $105 billion of net worth. Also, he is the co-founder of Microsoft company, which made him once the richest person in the world.
In March 2020, he quit as a board member of the company. Talking about Microsoft, he has sold or given almost all share of Microsoft, and he just owns 1%. Further, he has donated almost $38 billion to The Bill and Melinda gates foundation, which is also the world’s biggest private charitable foundation.
Besides Microsoft, Bill has a share in many other companies, Berkshire Hathaway (41%), Waste Management, Canadian National Railway (7.7%), Walmart (7.6%), Caterpillar, Crown Castle International, Ecolab, United Parcel Service, FedEx (2.1%), Schrodinger, Inc., Coca-Cola, Apple, Inc, Amazon.com Inc, Alibaba, Grupo Televisa SAB, Liberty Global plc,) Arcos Dorados Holdings, Twitter, and Liberty Latin America Ltd.
The Mogul of Luxury, Bernard Arnault
France-based businessmen started with nothing and worked smartly to buy stakes of Christian Dior. He now owns 47% of the fashion company, Louis Vuitton. Also, he is chairman and chief executive of LVMH. Further, he is Europe’s first richest person and the world’s third-richest person with a net worth of $96 billion.
According to the sources, he has stock on almost every luxury item. Well, he also took over a famous jewelry brand Tiffany and Co, on $16 billion. Further, he also has a stake in Europe’s luxury brand, Hermes. According to the sources, he has stakes on different companies, i.e., over 70 companies overseas. Also, he has stakes on the companies including Sephora, LV, Hermes, Christian Dior, etc.
Likewise, Bernard also owns luxurious hospitality groups, cruises, hotels, etc. Due to the coronavirus outbreak around the globe has cost stock down of his many shares. Well, the coronavirus started right after the new year, which causes a loss in his hospitality sector of -1.1%. Also, at the start of March, he has a loss of -$14 billion due to the downfall of his shares and the pandemic of the world.
4th richest Billionaire, Warren Buffett
The 89 years old billionaire, Warren Buffett, has a net worth over $67.5 billion. Buffett, who is the world’s most successful investor, runs Berkshire Hathaway, which owns more than 60 companies, including insurer Geico, battery maker Duracell, and restaurant chain Dairy Queen. As per the previous reports, Warren was the third richest billionaire before Bernard Arnault took his spot in the year 2020.
Warren Buffet, the most renowned living-value investor, filed his first tax return at age 14 in 1944, declaring his earnings from his boyhood paper route. In 1962, he first bought shares in a textile company called Berkshire Hathaway, and by 1965 became the majority shareholder. As of now, Berkshire Hathaway is a half-trillion-dollar company. Additionally, in early 2019, his company reached the milestone, reaching the single share of a stock trading at over $300,000 per share.
Some of the Buffets top stocks by the number of shares held as of March 31, 2020, are listed below:
- Bank of America: $925.0 million
- Coca-Cola: $400 million
- Kraft Heinz: $325.6 million
- Wells Fargo: $323.2 million
- Apple: $245.2 million
- American Express: $151.6 million
- U.S. Bancorp: $150.9 million
- Sirius XM: $132.4 million
- Bank of New York Mellon: $79.8 million
- General Motors: $74.7 million
5th richest Billionaire, Larry Ellison
As of June 2020, Larry Ellison stands in the 5th position among the list of top 5 billionaires of 2020. In 1977, Larry Ellison co-founded a software company for the database, Oracle. Stepping down as the CEO in 2014, Larry currently works as a CTO and Chairman of the Board. Oracle has expanded in part through steady acquisitions of tech firms, the largest of which for Netsuite in 2016 was $9.3 billion.
Additionally, he is also serving on the board of Tesla since December 2018, pursuing 3 million Tesla shares which cost him $1 billion. Larry Ellison’s other ventures include a hydroponic farm and a luxury spa in Hawaiian island Lanai for which he spent $300 million.
Larrey is the owner of Porcupine Creek, a 249-acre estate includes an 18-hole golf course and a 27-room mansion. Moreover, he bought this real estate in 2011, paying $42.9 million. In addition, he also regularly engages in social work. Back in May 2016, Ellison promised $200 million for a cancer treatment program for the University of Southern California.