Ballmer’s fortune dropped by an estimated $6.7 billion in the past month amid a 6% drop in the price of Microsoft stock amid the big tech stock selloff. Ballmer and his wife Connie are among the 25 most generous philanthropists http://yourtime2010.com/MusicFestivals/canadian-music-festival-2015 in America. Bernard Arnault, CEO and chairman of luxury goods group LVMH, kept his rank at No. 3 richest during July, despite a $14 billion contraction in his fortune due to a drop in the LVMH share price.
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The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page. In 1977, Ellison founded Software Development Laboratories alongside Oates and Miner. Two years later, the http://cdonpc.ru/artist/27013/Gusto/ company released Oracle, the first commercial relational database program to use Structured Query Language. The database program proved so popular that SDL changed its name to Oracle Systems Corporation in 1982.
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However, the Gulf War broke out and Sajan was forced to come back to Mumbai. In 1993, he tried his luck in Dubai by founding https://otdyh-ua.net/items/1926-jonik-land/ a trading firm which is now known as Danube Group. He ventured into the real estate business in 2014 with Danube Homes.
- At the time Oxfam pulled Forbes figures for its inequality report, Warren Buffett was the world’s fifth richest person with a net worth of $119.2 billion.
- Page cofounded search engine Google with fellow Stanford PhD student Sergey Brin in 1998 and served as CEO until 2001 and from 2011 to 2015.
- The CEO of luxury goods conglomerate LVMH, which owns brands such as Louis Vuitton, Christian Dior and Givenchy, added $61 billion to his net worth in 2021.
- He’s $76.8 billion poorer than a year ago, the biggest loss of anyone on the 2022 list.
- Nike came out of the first year of the pandemic with strong momentum, with revenue up 19% to nearly $45 billion for the year ending May 2021.
Mark Zuckerberg
Musk was also the world’s richest person for most of 2022—until December 2022, when a drop in Tesla’s share price pushed down the value of his fortune. After dropping in the Forbes ranking, Musk became the world’s richest person again on June 8, 2023 and still ranks No. 1 on October 1. Tesla shares have risen nearly 130% since the start of the year, propelling Musk’s fortune higher. Musk is CEO of electric car company Tesla, rocket firm SpaceX and social media company X, formerly known as Twitter. He owns 23% of Tesla between stock and options, but has pledged some of his stock as collateral for loans.
An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979. Page’s fortune fell by $6.1 billion in August due to a 5% decline in Alphabet shares.
- The company also owns Instagram and WhatsApp, both of which it acquired and greatly expanded.
- In September, his NBA team, the Los Angeles Clippers, broke ground on a new 18,000-seat arena that will reportedly cost him north of $1 billion.
- These billionaires can, however, still borrow against that wealth to avoid selling stock, deferring (or eliminating for heirs) taxes on unrealized capital gains in the process.
- Page was among early investors in Planetary Resources, a space exploration and asteroid-mining company.
- He owns 23% of Tesla between stock and options, but has pledged some of his stock as collateral for loans.
Jeff Bezos: $173.6 billion
