Every year, the list of the richest people in the world gets updated, and somehow, some of the people on the list manage to remain in the top five, securing their spots with their continued investments in various business ventures, ranging from real estate to tech. At some point, Warren Buffett was considered the richest man in the world; after some time, his position was taken by Bill Gates, founder of Microsoft and co-founder of the Bill and Melinda Gates Foundation. Recently, even Bill Gates has been removed from the top of this list by Amazon boss, Jeff Bezos.
Getting to and staying at the top of this list is a continuous process that involves continuous investments, calculated risks and innovative ventures. Grading individuals or families for this list is a strict process that considers mostly visible, known investments and assets. This means that politicians without any recognizable assets or investments would not be considered for this life; and, generally, people who invest in or carry out unsanctioned businesses or deal in banned goods, or trade across dubious channels, cannot be considered for this list.
Let us consider the top three richest men in the world and look at how they made their wealth and climbed to the top.
1. Jeff Bezos
Born as Jeffrey Preston Jorgensen in 1964, Bezos is an entrepreneur with specific focus on tech, an avid investor and philanthropist. This man is the CEO and President of Amazon, a company he founded in 1994 on a cross-country road trip from New York City to Seattle. In 2000, he added aerospace company, Blue Origin, to his business interests; the company currently has plans to commence commercial suborbital human spaceflight in 2019. In 2013, Bezos purchased The Washington Post for US$250 Million in cash and he manages several other business investments, using his venture capital fund, Bezos Expeditions, as the central front. His net worth, as of April 2019, is US$151.8 billion.
2. Bill Gates
Born William Henry Gates III in 1955, this American business magnate, investor, author, philanthropist and humanitarian, is mostly known as the principal founder of the Microsoft Corporation, where he has held positions as Chairman, CEO, and Chief Software Architect, while also holding the largest individual shares. Bill Gates launched Microsoft in 1975 with Paul Allen and the company grew to become the World’s largest PC software company. In 2006, Bill Gates transitioned from full-time work at Microsoft to part-time and started a full-time role at Bill & Melinda Gates Foundation which he founded with his wife in 2000, to serve as a private charitable foundation. His net worth, as of April 2019, is placed at US$100 billion.
3. Warren Buffett
Warren Edward Buffett was born in 1930 and is an American Business hotshot, investor, speaker and philanthropist. Currently serving as the CEO of Berkshire Hathaway, Buffett is regarded as one of the more successful investors in the world so far. Buffett who was born in Omaha, Nebraska, developed an early interest in business and began his journey into investment in his youth. Over the course of the years, he has amassed both wealth and a wealth of experience in the world of investment. His net worth, as at March 2019, holds at US$82.5 billion.