Oct 5, 2017

Worlds 10 Richest People of 2017

Written by , Filed under Money · Technology · US & World

In a world with so many success stories, success is often measured by the amount of cold hard cash. The “10 Richest People” on this list have a staggering amount of wealth,  more than the annual GDP of many small countries. The success, however, is years of hard work and persistence that gets people where they are today. Together the top eight billionaires own as much combined wealth as “half the human race”.

Do you know who the Richest People in the World are?  You likely know a name or two, so here they are.

10David Hamilton Koch – $47.6 Billion

David Hamilton Koch is executive vice president of Koch Industries, now the second-largest company in the U.S. where he owns 42 percent of the business. The Kansas-based conglomerate operates in commodities trading, oil refining, pipelines, ranching and paper pulp and has annual revenue of approximately $100 billion.

David Koch’s net worth of $47.2B can buy …
Over 900M barrels of crude oil and is equal to 0.254% of the GDP of the United States and over 2.9% of U.S. existing home sales.

9Michael Bloomberg – $53.4 Billion

Michael Bloomberg is the co founder of financial information and media company Bloomberg LP. His company sees a revenue over $9 billion in which he still retains an 88% stake in the business. Fulfilling his commitment to “The Giving Pledge” Bloomberg donates over 4 billion dollars to gun control, climate change and various other causes.

In 1966, Bloomberg started his career as a training room clerk on Wall Street at the investment bank Salomon Brothers. He was then fired by the company 15 years later. In 2002, he was elected as the 108th mayor of New York, then re-elected in November 2005. As the mayor of New York Bloomberg insisted on a salary of $1 per year.

8Bernard Arnault – $57.5 Billion

Bernard Arnault was born in the northern French town of Roubaix in 1949, where he is married and has 5 children. He is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group. As France’s richest man, Arnault controls about half of LVMH, which in 2016 had a revenue of 37.6 billion euros ($41.6 billion).

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