1. Carlos Slim Helu:
Carlos Slim Helu is a North American businessman, industrialist and a famous philanthropist who as of 2010 is the richest man in the world for the third year in a row. He is the chief executive and chairman of telecommunications companies like America Movil and Telmex and has holdings in other South American companies through his conglomerate Carso Grupo SAB as well as business interests all over the known world.
Forbes reported March 10, 2010 that Carlos Slim Helu had over taken Bill Gates as the world’s wealthiest man with an overall worth of $53.5 billion. Warren Buffett and Bill Gates now have a net worth of $47 billion and $53 billion respectively. Carlos Slim Helu was the first South American to top the list of the world’s wealthiest.
It is the first time in over 16 years that the individual on top of the list was not from United States of America. It was also the first time in the world that the individual at the top of the list was from an developing economy. Forbes stated in March 2011 that Carlos Slim Helu had retained his top rank as the richest person in the world with a net worth estimated at around $74 billion.
2. Bill Gates:
William Henry Gates is a North American businessman, philanthropist, industrialist, investor, and a world famous author. Bill Gates is the current chairman and former CEO of Microsoft the IT conglomerate he founded with his business partner, Paul Allen. He is constantly ranked among the world’s richest people and was the richest overall from 1995 till 2009 excluding the year 2008 when he was ranked third in the world.
During his high flying career at Microsoft, Gates held the positions of chief software architect and CEO and remains the largest individual shareholder with 6.4 percent from the common stock. He has also authored or co-authored several books.
Bill Gates is one of the widely known daring entrepreneurs of the personal computer which revolutionized the world. Bill Gates has been widely criticized for his diplomatic business strategies which have been considered blatantly anti-competitive, an opinion by common consensus which has been up held by the tribunals in some cases.
Through the later stages of his successful career, Gates has undertaken a number of philanthropic efforts donating large sums of money to different charitable organizations and medical research programs through the Bill and Melinda Gates Foundation established in the year 2000.
3. Warren Buffett:
Warren Buffett is a North American businessman, philanthropist, industrialist, and prudent investor. He is widely known and respected as one of the most successful and shrewd investors in the world. Vey often introduced as the legendary investor, Warren Buffett he is the chairman, CEO and primary share holder of Berkshire Hathaway. He is constantly ranked among the world’s richest people. He was ranked as the world’s richest person in the year 2008 and is the third richest person on the planet as of 2010.
Buffett became the richest man in the world in 2008 defeating Bill Gates with a net worth of $58 billion according to Yahoo and $62 billion according to Forbes magazine. Bill Gates had been number 1 on the Forbes list for 13 years in a row, sort of a unparalleled record. In the year 2009, Bill Gates re-gained the number 1 position on the list according to Forbes with Warren Buffett coming second. Their net worth figures have dropped to $40 billion and $37 billion and Buffett having (based on a Forbes news release) lost $25 billion in 12 months between 2008 and 2009.
4. Bernard Arnault:
Bernard Arnault is a businessman and entrepreneur from France, Europe, who is known worldwide as the CEO and chairman of the French business empire, LVMH. Based on the list released by Forbes, Bernard Arnault is the world’s fourth and Europe’s wealthiest person with an estimated fortune worth $41 billion.
In the year 1987, shortly after the creation of LVMH, Bernard Arnault used to his advantage a developing conflict between Henri Racamier, president of Louis Vuitton and Alain Chevalier, Moet Hennessy’s CEO. The newly formed group held rights to property to Dior perfumes, which Arnault desired to incorporate into his Dior Couture. He formed a holding company of which Guinness who had a distribution agreement with Moet-Hennessy owned 40% and Bernard Arnault owned 60%.
Following the stock market crash of October 1987, he smartly capitalized on the lower quoted price and soon owned 45% of LVMH. He then consolidated his position by cleaning out executives from both companies including appointing his father, Jean Leon Arnault as chairman of the supervisory board before officially taking over as CEO and Chairman in the year 1989.
In 2007, he acquired 10.69% of France’s largest supermarket retailer and the world’s second largest food distributor, Carrefour through his Blue Capital Holding which is jointly owned by the Californian property firm, Colony Capital. He has since then led the company through an aggressively ambitious development plan transforming it in to one of the largest luxury groups in Europe and the world alongside French based PPR Group and the Swiss based luxury conglomerate Richemont.
5. Larry Joseph Ellison:
Larry Joseph Ellison is the chief executive officer and co-founder of Oracle Corporation, one of the planet’s leading software enterprise companies. As of the year 2012, he is the third richest American with an estimated fortune totaling $33 billion.
In the year 2005, Oracle Corporation paid Larry Joseph Ellison $6,500,000 as bonus, $975,000 as salary, and other remuneration totaling $955,100. In the year 2007, Larry Joseph Ellison earned a total remuneration package worth $61,180,524 inclusive of a cash bonus of $8,369,000, base salary of $1,000,000, and other compensations and grants worth $50,087,100.
In the year 2008, he earned a total compensation worth $84,598,700, inclusive of a cash bonus of $10,779,000, base salary of $1,000,000, no stocks granted, and compensations and other grants of $71,372,700. In the year ending May 2009, he made $60 million. For a brief period in 2000, Larry Ellison was the wealthiest man in the world. In 2009, Forbes magazine ranked him as the richest Californian alive.
6. Lakshmi Mittal:
Lakshmi Mittal is an Indian businessman and a steel magnate of repute. He is the chief executive officer and chairman of Arcelor Mittal, the planet’s biggest steel making organization. Lakshmi Mittal is the wealthiest man in Asia, India, and United Kingdom, and the second wealthiest in Europe. Lakshmi Mittal is currently the sixth wealthiest man in the world with a personal fortune worth US$31 billion.
He is the 44th most powerful individual out of the 68 people listed out in Forbes’s most powerful people index. His daughter, Vanisha Mittal’s wedding was the costliest in the recorded history of the known world till this date.
Lakshmi Mittal is a member of the International Investment Council in South Africa, independent director of Goldman Sachs, the World Economic Forum’s International Business Council member, member of the International Iron and Steel Institute’s Executive Committee and World Steel Association, the Investors’ Council to the Cabinet of Ministers of Ukraine, member of the Board of Directors of European Aeronautic Defence and Space Company, Foreign Investment Council in Kazakhstan, , the World Steel Association’s Executive Committee, the Presidential International Advisory Board of Mozambique and member of Board of Directors to Goldman Sachs Media/Film IP Group.