Top 10 Richest Person in the World of 2020

Top 10 Richest Person in the World of 2020

Everybody knows that the current pandemic has given a major setback to the global economy and that includes the richest people in the world too. Despite the severe COVID-19 pandemic and the instability in the market, each billionaire’s net worth also fluctuates depending on the day. However, even if their wealth has decreased because of the coronavirus, these 10 billionaires have made up to the world’s top 10 richest people in 2020.  

Let’s find out in this article, who are the richest people in the world as of 2020, the people who have helped the world transformed. 

Let’s go!!

List of World’s Top 10 Richest Person:

1. Jeff Bezos – U.S.

Jeff Bezos

Amazon founder and CEO, Jeff Bezos is the world’s wealthiest person in the world, for consecutively three years in a row. The company started as an online bookstore and since then Amazon has opened its wings to a wide variety of other e-commerce products and services, and is currently recognized as the world’s largest online sales company. After adding a whopping $40 billion to his net worth in the last couple of years, Jeff Bezos is the first person ever to reach the $100 billion mark, and is likely to become the world’s first trillionaire. It’s hard to imagine anyone doing well financially these days, even after the coronavirus pandemic is continuing to wreak havoc on the economy.

2. Bill Gates – U.S.

According to Forbes, the  founder of Microsoft, Bill Gates maintained his position of being the second richest person in the world with a net worth of $98 billion. Recently, The Bill & Melinda Gates Foundation has announced an additional $150 million of grant to combat COVID-19 globally and will be raising its total funding to more than $250 million.

3. Bernard Arnault & Family – France

Bernard Arnault & Family

Bernard Arnault, the CEO and Chairman of LVMH (Moët Hennessy – Louis Vuitton,) oversees an empire of 70 brands including Dior and Sephora. Forbes reported,  he is one of the world’s largest makers of luxury goods, with a networth of $76 billion. In November 2019, LVMH, the luxury giant, made a deal to buy American jeweler Tiffany & Co for $16.2 billion, and is considered to be the largest brand acquisition in the luxury sector.

4. Warren Buffett – U.S.

Warren Buffett

Warren Buffett, Berkshire Hathaway’s CEO, an American entrepreneur and investor, and CEO, for the first time dropped from third spot to fourth, amid the COVID-19 pandemic. His net worth is $ 67.5 billion and is considered as  the most successful investor worldwide. During the ruckus of pandemic, Berkshire was relatively quiet, but recently broke its silence, and Warren Buffett’s Berkshire buys Dominion Energy natural gas assets in a $10 billion deal.

5. Larry Ellison – U.S.

Larry Ellison

The American business magnate, investor, and the co-founder of the software firm Oracle, Larry Ellison is in the list of top 5 richest people in the world with a networth of $59 billion. Currently, he serves as the Chairman of the board and is the Chief Technology Officer of Oracle Corporation.

6. Amancio Ortega – Spain

Amancio Ortega

Amancio Ortega is a Spanish billionaire businessman and founder of Inditex fashion group, best known for its popular fashion chain of Zara clothing and accessories shops with a net worth of  $55.1 billion. He has acquired commercial real estate property in London, Chicago, Miami, and New York.

7. Mark Zuckerberg – U.S.

Mark Zuckerberg

The chairman, CEO, and co-founder of social networking site Facebook Mark Zuckerberg, is following closely with $54.7 billion, and is the 7th richest person in the world. For the Chan Zuckerberg initiative, Mark Zuckerberg and Priscilla Chan have donated $13.6 million for the study of COVID-19 spread in the Bay Area.

8. Jim Walton – U.S.

Jim Walton

Jim Walton is the youngest son of Walmart founder Sam Walton, with a net worth of $54.6 billion. He has given away $1.2 billion in Walmart stock, despite the fact that he remains one of the richest people in the world.

9. Alice Walton – U.S.

Alice Walton

Walmart heiress Alice Walton and the only daughter has a networth of $54.4 billion, thus making her one of the wealthiest women in the world. Due to her interest in art, led the Walton Family Foundation in developing the Crystal Bridges Museum of American Art in Bentonville, Arkansas.

10. Rob Walton – U.S.

Rob Walton

According to Forbes, the eldest son of Sam Walton, Rob Walton’s net worth was $54.1 billion, making him the 10th richest person in the world. He served as the Chairman of Walmart from 1992 to 2015.

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About the Author: Aafreen Pawar

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