There’s no doubt that the world is becoming increasingly globalized, and with that, the wealth of people has also grown exponentially. In this article, we take a look at some of the wealthiest people on the planet, and see just how much they’ve made!
Why Do Some People Own More than Others?
There are a variety of reasons why some people own more than others. Some people have earned their money through hard work and dedication, while others have benefited from fortunate circumstances. Regardless of how someone acquired their wealth, there are certain things that all of the world’s richest people have in common. Here are some reasons why they are so successful:
They are Passionate About Their Work
It is no secret that those who are successful in life are passionate about what they do. This is especially true for those in the top tiers of the economy, where success often comes down to determination and perseverance. Those who are successful often put their all into their careers, which can be a major factor in their success.
They Are Creative Thinkers
Successful businessmen and women often have a knack for coming up with new ideas and solving challenging problems. This is something that cannot be taught, but must be acquired over time. It is also important to be able to think outside the box, which is something that many successful entrepreneurs do.
How Wealth Creates Inequality
In recent years, we’ve seen a rise in the richest persons in the world. This has led to a number of theories as to why this is happening, including that increasing wealth inequality leads to social instability and unrest. In this article, we’ll explore how wealth inequality creates inequality in other areas of life, including health, education, and income.
Wealth inequality can have a negative impact on health by leading to obesity and other types of chronic disease. For example, wealthier people are more likely to have access to good healthcare than poorer people, which can help them stay healthy. However, research has also shown that wealth inequality can lead to less access to health care for people who don’t have it in the first place. This is because wealth inequality can create gaps in education, which then limits people’s ability to get good healthcare. In addition, income disparities can lead to poverty and homelessness, which can also harm someone’s health.
Wealth inequality also affects education. For example, wealthier parents are more likely to send their children to private schools rather than public schools.
World’s Middle-Income Countries
The countries in the world with the highest median incomes are all members of the Organisation for Economic Co-operation and Development (OECD). The five countries with the highest median incomes are Luxembourg, Norway, Sweden, Switzerland, and Denmark. Together, these countries have a median income of $92,700. The five countries with the lowest median incomes are Burundi, Chad, Haiti, Niger, and Zimbabwe. Together, these countries have a median income of $1,800.
JK Rowling is the richest woman in the world with an estimated net worth of $1 billion. She is a British author who wrote the Harry Potter series of books which has been translated into over 450 languages and sold over 150 million copies. Rowling is also the founder of Lumos, a charity that provides light to people in need.
Charles Koch, the CEO, and co-founder of Koch Industries, is one of the richest people in the world. With an estimated net worth of $82.9 billion, Koch is the eleventh richest person in the world and the fourth wealthiest American. Koch has been listed as one of Forbes’ “Most Powerful People in the World” for several years running and is a member of the conservative political organization Americans for Prosperity (AFP).
Koch started his company with just $100,000 in inheritance and has since grown it into one of the largest privately-owned companies in the United States. Koch Industries produces a wide range of products, including oil, gas, fertilizer, polyester fiber, paper products, industrial chemicals and consumer goods. In addition to his business ventures, Koch is also involved in many philanthropic causes. He is chairman of the Charles Koch Foundation, which has donated more than $200 million to various charities over the past 25 years.
Despite his immense wealth, Koch does not live a luxurious lifestyle. He resides in Wichita, Kansas and owns a modest home that he shares with his wife.
Wang Guoqiang, the richest man in China, has a net worth of $30 billion. He is the chairman and CEO of Fosun International, a conglomerate with interests in real estate, entertainment, and pharmaceuticals. Wang is also a major shareholder in Sina Weibo, China’s most popular microblogging service.
Wang’s first venture into business was as head of property development for the state-owned China Construction Bank. In 2001, he founded Fosun International with fellow banker and fellow real estate tycoon Zhou Qiang. The company has since become one of the world’s largest conglomerates, with operations in more than 40 countries.
In 2013, Wang was ranked number 59 on Forbes’ list of the world’s richest people, with a net worth of $27 billion. That year, he also made headlines for his investment in Chinese ride-sharing giant Didi Chuxing. The deal valued Didi at $20 billion and made Wang both the company’s largest investor and its biggest shareholder.
Li Ka Shing
Li Ka Shing is the richest person in the world and his wealth has increased by more than $20 billion in the past year. He is worth an estimated $33.8 billion. Li Ka Shing is the chairman of Hutchison Whampoa, one of the largest telephone companies in the world. He also has a stake in Hong Kong Airlines and owns a number of other businesses.
Facebook CEO Mark Zuckerberg has an estimated net worth of $45.7 billion, according to Forbes. That makes him the world’s richest person and the fifth wealthiest person in the world. Zuckerberg’s fortune is largely based on Facebook, the social media giant he founded in 2004. The company has grown to be a global phenomenon with more than 2 billion active users. In addition to Facebook, Zuckerberg also owns a large stake in Oculus VR, a virtual reality company.
Michael Bloomberg, founder and CEO of Bloomberg LP, is the richest person in the world with a net worth of $32.7 billion. He is also one of few self-made billionaires who became richer through his own business ventures.
Bloomberg was born in New York City in 1942. After graduating from college, he worked as an accountant and then started his own accounting firm. In 1981, he founded Bloomberg LP, which became one of the largest financial services companies in the world. He has been the CEO of Bloomberg LP since its inception and has also served as its chairman.
Bloomberg has been involved in a number of philanthropic causes over the years. In 2002, he created Bloomberg Philanthropies to give away money to causes that matter to him. The organization has given more than $2 billion to projects across the globe, including education, health care, climate change initiatives, and community development.
In 2018, Forbes ranked Bloomberg as the fifth richest person in the world. His wealth increased by $5 billion due to increased stock prices and dividends from his investments.
Warren Buffett, the richest person in the world, is a self-made millionaire and is currently worth $84.3 billion. Buffett was born in Omaha, Nebraska on August 30, 1930 and started his career as a stockbroker. He then moved onto being a banker and then starting his own company Berkshire Hathaway in 1965. Buffett has been able to amass this wealth by investing in companies that he believes will have long-term success. For example, Berkshire Hathaway owns shares in Coca Cola, Geico, American Express and others.
Bill Gates is the founder of Microsoft, which is one of the world’s largest software companies. Gates has a net worth of $79.2 billion as of November 2016, making him the richest person in the world. Gates is also one of the founders of The Bill and Melinda Gates Foundation, which invests in a number of important areas such as global health, education, and agricultural development.
Jeff Bezos is the founder and CEO of Amazon.com, one of the world’s largest online retailers. He also owns The Washington Post, which he bought in 2013 for $250 million. That makes him one of the world’s wealthiest people.
Bezos also founded Blue Origin, a space exploration company. In December 2017, he announced the company had successfully completed its first launch vehicle test flight and was on track to begin providing commercial transportation to astronauts by 2018.
Larry Ellison is the founder of software company Oracle Corporation. Ellison has a net worth of $54.1 billion as of March 2018, making him the world’s richest person. Ellison’s fortune is largely derived from Oracle’s stock price, which has increased markedly over the years. In addition to his stake in Oracle, Ellison also owns two sports teams, the Golden State Warriors and the Los Angeles Dodgers.
As the world continues to become more and more competitive, it’s no surprise that there are a smaller and smaller number of people who can claim to be truly wealthy. These are the world’s richest people, as calculated by Forbes. Take a look at the list and see if you know any of the names!
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