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Top 5 richest people in the world

Even as the COVID-19 brings the world to stand still, some global entrepreneurs are still making millions in profits. The common question is, what are the specific group of individuals doing to make sure that they are making profits even in such situations? For most of them, commitment to their breakthrough company is the secret. Most entrepreneurs continue to take an active role in running their company, a move that has seen them become world billionaires. The legendary work and the desire for continued progression have seen the world produce some of the most prominent billionaires. We take a look at the top 5 richest people in the world which companies they run and the global influence that they have.

1. Jeff Bezos

Jeff has been ranked as the world richest man according to the recent ranking. He is estimated to be worth $116.9 billion. He is the founder of one of the biggest online shopping platform Amazon.

Jeff started amazon back in 1994. He chose the name after the Amazon River, and his dream was to make amazon.com the world largest book retailers. The original idea was to sell books online as the demand for literature was increasing. He started operations at his rented garage in Washington with his parents being the initial investors of the startup.

Amazon has grown over the years to sell almost everything anyone could need. The policy of putting the needs of the customers first has seen it become a favorite retailer to most of the people. Making the top list as one of the top 5 richest people in the world, Bezos has it all.

Jeff Bezos continues to impact the world by expanding and investing in other projects. The company has branded its counter drugs as part of its expansion plan. Jeff Bezos became the second man after bill gates to be worth more than $100 billion.

2. Bill gates

Bill gates are the co-founder of Microsoft Corporation. He is ranked as the second richest man in the world, with a net worth of $99.9 billion. His weather continues to increase, and he is now worth double what he was worth in 2009.

Microsoft is one of the most used operating systems for many computers in the world. The technology company that was started in 1975 has grown to dominate the world, selling electronics, personal equipment, and license support.

Bill gate is also a philanthropist, and he has founded the bill and Melinda gates foundation. The foundation has spent billions in helping developing countries in Africa fight polio and malaria. His foundation has continued to show support in many countries. Recently, the gates foundation has sponsored medical technologies to try and find the COVID-19 cure. Making the second as one of the top 5 richest people in the world.

The 64 years old has also made significant investments in the world. Some of the notable ones are Berkshire Hathaway Inc. that run a lot of private companies, waste management Inc. and the Canadian National Railway company. He recently steps down from being a board member of Berkshire Hathaway and Microsoft.

3. Bernard Arnault Family

Bernard Arnault is the CEO of the LVMH. He recently ranks as the thirds richest man in the world with a net worth of 91.6 billion. LVMH is the largest company in the world that deals with luxury goods. The French national runs the company that has, over the years, produced the most luxurious brands and Influencers.

Some of the brands owned by LVMH are Hennessey, the expensive cognac, Louise Vuitton, a French fashion house, and Dior.

Anault is a trained engineer turned entrepreneurs. He converted his father’s engineering company into a real estate company in 1976. In 1984, he led the company in acquiring a luxury goods maker company. He took the active role of running the business in 1989. He has successfully led the company into making profitable acquisitions. The company strategy is to acquire any luxury company that seems promising to the market.

Arnault has also invested in many companies, especially technological frim. He also owns a company of ships.

4. Warren Buffett

Warren is estimated to be worth 70.5 billion. He is one of the best investors of the century, with his policy being investing in companies that are likely to continue giving returns even after ten years. He has been reluctant to invest in technological, social platforms stating that the value of the companies is not guaranteed years to come.

His first investment was back in 1962 where he bought shares in Berkshire Hathaway, a textile company at the time. By 1965, he was the main shareholder at the company where he saw the need to expand the business. He ventured into other investments, including insurance in 1967. The company has grown over the years to become one of the largest company in the world.

Buffets believe the importance of hard work; thus, he is committed to ensuring that his children earn their own money without inheriting his. He is a philanthropist and has changed the world through the billions worth donations he has given out. He is committed to making the world a better place by helping out as much as possible whenever he can.

5. Larry Ellison

Larry is estimated to be worth 62. 4 billion. He is the founder of Oracle and has taken part in running the company for several years. He stepped down as CEO in 2014, but he is still the chairman of the board of directors.

He co-founded oracle software firm in 1977. The firm initially started as a project for its clients, and over the years, it grew to produce system software developments. Oracle has successfully grown to become as one of the largest software companies in the world. It deals with database management systems and cloud engineered systems. The company growth strategy has been the acquisition of software development companies over the years.

Larry is a well-known philanthropist, and he has taken part in funding projects that are aimed for cancer treatment. He owns other investments like tesla where he serves as a member of the board.

The world largest men have taken years of commitment and dedication in ensuring that their business performs excellently. The impact that the company owned by these people can be felt in the economy.

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