How can i become the richest man in the world

The majority of his wealth, however, actually comes from his massive stake in Christian Dior SE, the holding company that controls His shares in Christian Dior SE, plus an additional 6. He was invited to invest in LVMH in and became the majority shareholder, chair of the board, and CEO of the company two years later.

While attending Harvard University in , Bill Gates went to work alongside his childhood friend Paul Allen to develop new software for the original microcomputers. In addition to being the largest software company in the world, Microsoft also produces its own line of personal computers, publishes books through Microsoft Press, provides email services through its Exchange server, and sells video game systems and associated peripheral devices.

Originally Microsoft's chief software architect, Gates later transitioned to the role of chair in He stepped down from both boards on March 13, In , Gates's two philanthropic organizations—the William H.

Through the foundation, he has spent billions to fight polio and malaria. In , alongside Warren Buffett, Bill Gates launched the Giving Pledge, a campaign encouraging rich individuals to commit to donating the majority of their wealth to philanthropic causes. As Facebook began to be used at other universities, Zuckerberg dropped out of Harvard to focus entirely on his growing business. Facebook is the world's largest social networking service, enabling its users to create a personal profile, connect with friends and family, join or create groups, and much more.

As the website is free to use, most of the company's revenue is generated through advertising. Meta is also host to several other brands, including photo-sharing app Instagram, which it acquired in ; cross-platform mobile messaging service WhatsApp and virtual-reality—headset producer Oculus, both acquired in ; Workplace, its enterprise-connectivity platform; Portal, its line of video-calling devices; and Novi, its digital wallet for the Diem payment system.

Their charity seeks to leverage technology to fix societal ills, such as improving the access and quality of education, reforming both the criminal justice system and the U. The most famous living value investor, Warren Buffett filed his first tax return in at age 14, declaring his earnings from his boyhood paper route.

He first bought shares in a textile company called Berkshire Hathaway in , becoming the majority shareholder by He expanded the company to insurance and other investments in Widely known as the "Oracle of Omaha," Buffett made the majority of his fortune through purchasing shares in companies with easy-to-understand business operations.

While many investors have been piling into tech companies, Buffett has opted for a more cautious approach, only buying from well-established companies that are easier to understand, such as IBM and Apple.

He is also a noted Bitcoin skeptic. Outside of investing, Buffett has directed much of his wealth toward philanthropic endeavors. Buffett launched the Giving Pledge alongside Bill Gates in After dropping out of the University of Chicago in , Larry Ellison moved to California and worked as a computer programmer for several companies over the years.

First, in , he was an employee of the electronics company Ampex, where he met future partners Ed Oates and Bob Miner. Additionally, Ellison joined Tesla's board in Dec. Oracle is the second-largest software company and provides a wide variety of cloud computing programs as well as other software, such as Java and Linux, and the Oracle Exadata computing platform.

The business has also grown through the acquisition of several major companies, including human resources management systems provider PeopleSoft in , customer relationship management applications provider Siebel in , enterprise infrastructure software provider BEA Systems in , and hardware-and-software developer Sun Microsystems in Ellison has spent millions in luxury real estate over the last decade, predominantly in California.

He has also donated millions of dollars to charitable causes over the years, particularly to medical research. Like several tech billionaires on this list, Larry Page's claim to fame got its start in a college dorm room.

While attending Stanford University in , Page and his friend Sergey Brin came up with the idea of improving data extraction capabilities while accessing the Internet. The duo devised a new type of search engine technology they dubbed "Backrub," named after its ability to analyze "backing links. In , Google the company expanded by purchasing YouTube, the biggest platform for user-submitted videos. Then, saw the release of the first mobile phone utilizing the Android operating system, which was originally developed by Android Inc.

Page is also a founding investor of Planetary Resources, a space exploration and asteroid-mining company. Originally established in , the company was acquired by blockchain firm ConsenSys in amid funding problems. He has also shown an interest in "flying car" companies, having invested in both Kitty Hawk and Opener.

What makes Google unique, compared to the other companies featured on this list, is that its co-founders are relatively close in terms of total wealth. In addition to software, Google also deals in a wide variety of electronic devices, including its Pixel smartphones, its Pixelbook computers and tablets, its Nest smart home devices, and its Stadia gaming platform.

Fox Foundation to devise new drugs against LRRK2, one of the greatest genetic contributors to the disease. Reliance Industries was originally founded as a small textile manufacturer by Dhirubhai Ambani in Rather than moving back to the U.

In , Dhirubhai suffered a stroke and passed away. The lack of a will resulted in a feud between Mukesh and his brother Anil over how their father's empire would be distributed. Three years later, as the result of a settlement brokered by their mother, the siblings agreed to split the business, with Mukesh retaining control over refining, petrochemicals, oil and gas, and textile operations.

This didn't completely ease the tension between the two brothers, as they would neither settle a legal dispute over sharing natural gas nor dissolve their non-compete agreements until Then check out the data. The takeaways are obvious. Salaries account for a small percentage of a wealthy person's earnings.

So do interest and dividends. And even though owning a business, or multiple businesses, does account for approximately four times as much income as earning a salary by working for someone else Check out the Forbes billionaires list. Go down the list of names. All are entrepreneurs. All of them built, or helped build as early partners with ownership stakes, incredibly successful businesses.

Even though, in Toyota sold more than 10 million cars and Tesla sold only ,, someday Tesla could theoretically sell cars to everyone on the planet. To become incredibly wealthy, Musk couldn't open a customer car shop that converted gas-powered cars to electrics. Even if he opened multiple locations, still: Scalability -- and economies of scale -- would always be a problem.

Despite the fact its operations are relaatively centralized, achieving economies of scale is still a major problem for Tesla. Of course there's nothing wrong with opening a custom car shop and making a living doing something you enjoy.

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Personal Finance. Your Practice. Popular Courses. Business Leaders CEOs. Table of Contents Expand. Amazon: Beyond Books. Beating Expectations. Real Estate. Charitable Donations. Media, High Tech, Glass, and Travel. The Way-Out-There Ideas. He remains the executive chair of the company. Bezos also has substantial holdings in more traditional investments, such as real estate, as well as a significant number of shares in other prominent companies.

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Investopedia does not include all offers available in the marketplace. Related Articles. Partner Links. Related Terms Trillionaire A trillionaire is an individual with a net worth of more than one trillion in U.

Billionaire Definition A billionaire is an individual who has assets or a net worth of at least one billion currency units such as dollars, euros, or pounds. Their ranks continue to grow globally.

Electronic Commerce e-commerce Ecommerce is a business model that enables the buying and selling of goods and services over the Internet.