The year 2016 was, in fact, a spectacular year for some of us, especially for the world’s billionaires who added a total of $237 billion to their fortunes as stated in a report. According to the Bloomberg Billionaires Index, the wealthiest people brought their total net worth of up to $4.4 trillion.
Many financial analysts said that the previous year, despite its being economically volatile, was still a huge victory for these rich people. This is thanks in part to Britain’s vote to leave the EU and Donald Trump’s shocking U.S. election win. The billionaires’ wealth fluctuated through US$4.8 trillion of daily gains and losses before ending 2016 with a blast.
Who are the World’s Richest Billionaires in 2016?
Forbes recently revealed to the public its list of the world’s billionaires, ranking them according to their net worth. Though the competition on the ranks they hold may seem tough, one thing remains: they are all billionaires and their businesses continue to soar high, making them the richest people of the world in the previous year.
1. Bill Gates at $75B
William Henry “Bill” Gates III tops the list again for the 17th time in 22 years. In 1975, the American business magnate, entrepreneur, investor, author, and philanthropist co-founded Microsoft Corporation, the world’s largest PC software company. Currently, he only holds about 2.5% share of the company – which is enough to make him the world’s richest man. He also has decided to work part-time for Microsoft yet full-time for Bill and Melinda Gates Foundation, a non-government organization that is tagged as the world’s wealthiest charitable foundation.
2. Amancio Ortega at $67B
The 80-year-old Spanish business magnate is the founder and former chairman of Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops. Ortega is today’s richest man in Europe and also the wealthiest retailer in the world. With his success story, it only goes to show that one can really get millions and even billions in the retail and clothing industries.
3. Warren Buffett at $60.8B
Often referred to as the “Wizard of Omaha,” “Oracle of Omaha,” or the “Sage of Omaha”. This 86-year-old is known for his immense adherence to value investing and for his personal frugality despite wealth and success. A notable philanthropist, Buffett has pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. This list’s richest man, Gates said that his friend Buffett has shared his wisdom with him for over 25 years: learn more and laugh more. So, that’s the secret!
4. Carlos Slim Helu at $50B
Known as a Mexican business magnate, investor, and philanthropist, Slim is the owner of America Movil, the biggest brand of telecom in Mexico. His extensive holdings in many Mexican companies make him fourth on the roster of the wealthiest men worldwide. His Grupo Carso conglomerate also includes education, healthcare, industrial manufacturing, transportation, real estate, media, energy, hospitality, entertainment, high-technology, retail, sports, and financial services.
5. Jeff Bezos at $45.2B
Amazon’s founder and CEO took the 5th spot, thanks to the world’s biggest and most famous online store that he created. Not to mention the soaring hit of its booming cloud computing unit, Amazon Web Services. He believes that big gains often come from taking bold risks so failure is never a thing for this guy.
6. Mark Zuckerberg at $44.6 Billion
The founder and chairman of the most used and probably the most popular social media platform, Facebook. The 32-year-old rose 10 spots to number six, thanks to the markets’ positive response to Facebook. The millennial husband and dad is really serious about living a very modest life. With his meek lifestyle, noble philanthropic beliefs, and now with his new year’s resolution, “meeting real people in real life”.
Recently, he wished his Facebook page followers “Merry Christmas and Happy Hanukkah” when responding to a comment, asking him if he is an atheist. “No. I was raised Jewish and then I went through a period where I questioned things, but now I believe religion is very important,” he said.
Nevertheless, Bloomberg also released its own list of the world’s billionaires and they are as follows:
No wonder, these wealthy men may also be the happiest people on earth in 2016. Whoever said money doesn’t buy happiness clearly didn’t have billions at their disposal.