The World’s Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine Forbes. The world’s wealthiest people all have certain things in common: legendary work ethics, breakthrough ideas, and absolute commitment to their companies. At the time of updating this article, all of the top five wealthiest people founded their own companies, and continue to take an active role in the management of their exorbitant wealth.
10. Rob Walton – U.S.
Rob Walton, 75, was worth about $54.1 billion on March 18, according to Forbes. Walton is the eldest son of the founder of Walmart, Sam Walton, and served as the chairman of the company from 1992 until 2015.
9. Alice Walton – U.S.
Members of the Walton family are pictured in 2018. From left to right: Jim Walton, Alice Walton, Jim’s wife Lynne McNabb Walton, Rob Walton’s wife Melani Lowman Walton and Rob Walton. (Photo by Rick T. Wilking/Getty Images)
Alice Walton, 70, was worth $54.4 billion on March 18. She is Sam Walton’s only daughter and is also the richest woman on Forbes’ 2020 list.
8. Jim Walton – U.S.
Jim Walton, 71, was the richest Walton on March 18 with a net worth of $54.6 billion. According to Forbes, Jim Walton gave away $1.2 billion in Walmart in June last year, but kept his wealth because of a 44 percent stake in Arvest Bank.
7. Mark Zuckerberg – U.S.
6. Amancio Ortega – Spain
Amancio Ortega, 84, was the wealthiest clothing retailer in the world on March 18, with a net worth of $55.1 billion, according to Forbes. In 1975 he and his ex-wife Rosalia Mera founded Inditex, which is best known for the fashion chain Zara, Forbes reported.
5. Larry Ellison – U.S.
Larry Ellison, 75, was worth $59 billion on March 18. In 1977, he founded Oracle, a software company and today he serves as the chairman of the board and the chief technology officer, according to Forbes.Video
4. Warren Buffett – U.S.
Warren Buffett, 89, was worth $67.5 billion on March 18. Buffett is one of the most successful investors of all time, according to Forbes. He also runs Berkshire Hathaway, which owns more than 60 companies.Video
Previously, Buffett was the third-wealthiest person in the world before Bernard Arnault took his spot this year.
3. Bernard Arnault & Family – France
Bernard Arnault was worth $76 billion on March 18, according to Forbes. (Photo by Michel SETBOUN/Gamma-Rapho via Getty Images)
Bernard Arnault, 71, and his family were worth $76 billion on March 18. Arnault is the CEO of luxury goods company LVMH, which includes Louis Vuitton and Sephora brands. Last year, the company bought Tiffany & Co. for $16.2 billion, which could be the largest luxury brand acquisition, Forbes reported.
2. Bill Gates – U.S.
Bill Gates is pictured in 2017. He was worth $98 billion on March 18, according to Forbes. (REUTERS/Pierre Albouy)
Bill Gates, 64, was worth $98 billion on March 18, according to Forbes. Gates and his wife Melinda chair the Bill & Melinda Gates Foundation, which is the largest private charitable foundation in the world, Forbes reported.
1. Jeff Bezos – U.S.
CEO of Amazon Jeff Bezos was worth $113 on March 18, according to Forbes. (Photo by SAJJAD HUSSAIN/AFP via Getty Images)
Jeff Bezos, 56, is the richest man in the world, despite transferring a quarter of his Amazon stake to his ex-wife MacKenzie last summer, according to Forbes. He was worth $113 billion on March 18.