Top 10 Richest Entrepreneurs in 2021
Entrepreneurs are people who set up businesses or organizations by taking financial risks.
There are financial risks, but there is also the chance to make a profit. Entrepreneurs are motivated not only by financial gains but also by factors such as innovation, disruption, and making an impact.
What is it that makes an entrepreneur successful? How did the wealthiest entrepreneurs become so successful?
These are the traits that I believe will make you a successful entrepreneur:
- Strategic thinking
- People management skills
- Maintaining your nerves during a downturn
- Perseverance
Entrepreneurship is not for everyone. It does offer a tremendous opportunity to make a difference in the world. If an entrepreneur had not taken a chance, products such as social networks, search engines and messenger apps, along with digital wallets, would not have been created.
The world is facing many global challenges and requires more entrepreneurs. Unfortunately, entrepreneurship is not growing at the same pace as other professions, due to many business factors such as increased competition. As per a study conducted by CNN, the number of Startups in the US had hit a 40-year low in the year 2016.
Let’s now look at the Forbes report on the top 10 richest entrepreneurs.
10. Larry Page
Larry Page is co-founder and CEO of Alphabet Inc. (the holding company for Google). Google is the largest search engine in the world. It also operates a number of digital services such as YouTube, Maps and Drive. Alphabet also has innovative ideas in the health and smart home appliance sectors. He is ranked #10 with a net worth in excess of $ 50 million.
9. Michael Bloomberg
Bloomberg Media Group’s co-founder and CEO is Michael Bloomberg. Bloomberg, as you may know, is also a financial service & software company. He is ranked #9 on the list of most successful entrepreneurs with a net worth of $55 billion. He is also a member of the ‘The Giving Pledge,’ in which he pledges to donate half of his wealth to charity.
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8. Mark Zuckerberg
Mark Zuckerberg, the co-founder and CEO of Facebook, is a well-known figure. He is the 8th (and youngest) on this list, with a net worth $62 billion. Facebook has seen tremendous growth since its inception in 2004. Facebook recently acquired the social network and messenger apps Instagram and WhatsApp. Zuckerberg pledged to donate 99 per cent of his Facebook holdings to charity.
7. Larry Ellison
Larry Ellison, the co-founder and CEO of the software company Oracle. He is ranked #7 with a net worth of $62 billion. Oracle is primarily involved in CRM databases. It also recently acquired NetSuite which made it a major player in cloud computing.
6. Amancio Ortega
Amancio Ortega, the co-founder and CEO of Inditex, owns the fashion brand, Zara. He is number 6 with a net worth of $63 billion. Inditex operates over 7,500 stores around the globe and has 8 brands.
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5. Carlos Slim Helu
Carlos Slim Helu owns America Movil, Mexico’s biggest mobile telecom company. He is ranked #5 with a net worth of $64 billion. He also has interests in other areas such as construction, consumer goods and mining, as well as real estate and media.
4. Bernard Arnault
Bernard Arnault, chairman and CEO of LVMH, is the largest luxury goods conglomerate in the world. He is Europe’s wealthiest person, with a net worth in excess of $76 billion. LVMH is home to more than 70 brands.
3. Warren Buffett
Warren Buffet is one of the most successful investors today. He is the third most valuable investor in this world with a net worth of $82 billion. Berkshire Hathaway, which includes more than 60 companies such as Duracell and Geico, is his holding company. He pledged to give 99% of his wealth to charities.
2. Bill Gates
Bill Gates founded the Microsoft Corporation, a PC software company. Gates, who has a net worth of $97 billion is second on this list. Gates is widely recognized as the man who pioneered the personal computing market with Microsoft’s operating systems ‘Windows’. Microsoft was founded in 1975 and has since diversified interests in many companies, including Skype, Yammer (previously Nokia), Yammer, Microsoft Mobile, Skype, LinkedIn, Yammer and Yammer. He is active in philanthropic activities.
1. Jeff Bezos
Born in 1964, Jeff Bezos is the founder & CEO of the e-commerce giant Amazon. He is the richest entrepreneur with a net worth of $131 Billion. In 1994, he founded Amazon.com as an online bookstore. Bezos never looked back after launching Amazon as an online bookstore in 1994. He continued to add new product categories. Amazon is the largest online retailer in the world today. However, Amazon also has interests in other businesses such as Amazon Web Services, Junglee and Amazon Web Services.
Summary
Here is a quick recap of the Top 10 Richest Entrepreneurs/Businessmen in 2021
- Jeff Bezos
- Bill Gates
- Warren Buffett
- Bernard Arnault
- Carlos Slim Helu
- Amancio Ortega
- Larry Ellison
- Mark Zuckerberg
- Michael Bloomberg
- Larry Page
Conclusion
Money is not the right parameter to determine if an entrepreneur, or for that matter a person, is wealthy.
The impact, or the social impact, is what really matters.
However, this post had the sole purpose of listing the names of billionaire entrepreneurs in terms of monetary terms.
