The 10 Richest People in the World

The 10 Richest People in the World

9. Sergey Brin

  • Age: 48
  • Residence: Los Altos, California
  • Co-founder and Board Member: Alphabet (GOOG)
  • Net Worth: $89 billion
  • Alphabet Ownership Stake: 5% ($110.1 billion total)
  • Other Assets: $13.9 billion in cash

Comparing Google to the other businesses on this list, it stands out since its co-founders’ overall fortune is very comparable. The way Sergey Brin became involved with Google is comparable to that of Larry Page. Brin and Page co-founded the business in 1998, and Brin ran it as co-president until Eric Schmidt took over as CEO in 2001. Similar to how Brin served as president of Alphabet until stepping down in 2019 and handing the reins to Sundar Pichai as CEO, after forming the holding company in 2015.

Google is not just a very well-known search engine, but it also provides a collection of online programs and services called Google Workspace, which includes Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, and more. Google sells a wide range of technological products in addition to software, such as its Pixel smartphones, Pixelbook PCs and tablets, Nest smart home products, and Stadia gaming platform.

Brin devoted a large portion of 2019 to X, Alphabet’s “moonshot” research facility that produced ground-breaking products like the Waymo self-driving vehicles and the Google Glass smart eyewear. Additionally, he has contributed millions of dollars to the hunt for a Parkinson’s treatment and collaborated with The Michael J. Fox Foundation to develop novel medications that target LRRK2, one of the major hereditary causes of the condition.

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The 10 Richest People in the World

10. Mukesh Ambani

  • Age: 64
  • Residence: Mumbai, India
  • Chair and Managing Director: Reliance Industries
  • Net Worth: $84.5 billion
  • Reliance Industries Ownership Stake: 42% ($86.09 billion total)
  • Other Assets: Mumbai residential property ($410 million private assets) and $975 million in cash

Dhirubhai Ambani started Reliance Industries in 1966 as a modest textile producer. Mukesh, the son of Dhirubhai, relocated to Palo Alto, California, in 1979 to enroll at Stanford Business School. A year later, Mukesh joined the board of Reliance Industries and came home at his father’s request to supervise the building of a new polyester factory. Mukesh stayed in India to oversee Reliance’s backward integration plan rather than returning to the United States to continue his academic career. He led the company’s initiatives to build and purchase a number of petrochemical facilities and oil refineries in the 1990s.

Dhirubhai died in 2002 after having a stroke. Due to the absence of a will, Mukesh and his brother Anil got into a fight about who would get what share of their father’s enterprise. Three years later, the siblings reached an agreement to divide the company, with Mukesh keeping control of the refining, petrochemicals, oil and gas, and textile activities. This settlement was mediated by their mother. The two brothers’ conflict didn’t totally subside as a result since they wouldn’t resolve their legal fight over the distribution of natural gas or cancel their non-compete agreements until 2010.

With the announcement of a $220 million agreement to share a fiber-optic network between their two firms in 2013, Mukesh and Anil appeared to put their differences behind them.

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Under Mukesh’s direction, Reliance Industries built a number of very successful companies, notably Reliance Retail and the telecom firm Jio. He is also a member of the World Economic Forum Foundation Board, an elected Foreign Member of the National Academy of Engineering of the United States, a member of Bank of America’s Global Advisory Council, and a member of The Brookings Institution’s International Advisory Council.

The Bottom Line

You might need to develop into a technical inventor or a retail tycoon if you want to move a little bit closer to making Bloomberg’s list of the wealthiest billionaires. Or you may keep things straightforward and concentrate on value investment. The largest riches on this list, nevertheless, all began as fantastic ideas from individuals who had the imagination, motivation, and connections to make them succeed.

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