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"What the mind doesn't understand, it worships or fears." - Alice Walker

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"He knows nothing; and he thinks he knows everything. That points clearly to a political career." - George Bernard Shaw

Richest People in the World 2022

By Steve Burns

Here are the current richest people in the world in 2022. Looking at this list it is clear that founding and building a business while keeping a large amount of equity ownership in the company is the path to world class wealth. Nothing creates net worth on a larger scale than the leverage of building a business that can be taken public. 

Surprising that no one is on the top 20 list through real estate investments, as it does not create the same level of opportunity of scale. Steve Balmer is the only employee on this list as he was able to use his position as Microsoft employee #30 and CEO to get a large amount of equity in Microsoft early in its growth cycle. 

Other members of this list were founders or children of the founders of major corporations excluding Warren Buffett who took over Berkshire-Hathaway and turned it into an insurance holding company and conglomerate. 

We all have the opportunity to invest in and trade the stocks of the public companies that these capitalists founded and grew to create their own large net worth.

1. Elon Musk $255.9 Billion, Paypal, SpaceX, Tesla Founder, USA

2. Bernard Arnault & family $191.7 Billion, Louis Vuitton Chairman and CEO, France

3. Jeff Bezos $182.2 Billion, Amazon Founder, USA

4. Bill Gates $133.3 Billion, Microsoft Founder, USA

5. Larry Page $116.0 Billion, Co-founder of Google, USA

6. Larry Ellison $114.6 Billion, Oracle Founder, USA

7. Warren Buffett $114.0 Billion, Berkshire Hathaway Chairman and CEO, USA

8. Mark Zuckerberg $113.3 Billion, Facebook Founder, USA

9. Sergey Brin $111.9 Billion, Co-founder of Google, USA

10. Steve Ballmer $96.7 Billion, Former CEO of Microsoft, USA

11. Mukesh Ambani $95.3 Billion, Father founded Reliance Industries, India

12. Gautam Adani & family $92.5 Billion Infrastructure tycoon controls Mundra Port, India’s largest.

13. Francoise Bettencourt Meyers & family $84.9 Billion, Granddaughter of L’Oreal’s founder, France

14. Carlos Slim Helu & family $81.0 Billion, controls America Movil, Mexico

15. Amancio Ortega $74.9 Billion, Founder of Zara fashion chain, Spain

16. Zhong Shanshan $71.5 Billion, chairs Nongfu Spring Water, controls Beijing Wantai Biological Pharmacy, China

17. Michael Bloomberg $70.0 Billion, cofounded Bloomberg LP in 1981, USA

18. Jim Walton $66.9 Billion, Father founded Wal*Mart, USA

19. Alice Walton $66.0 Billion, Father founded Wal*Mart, USA

20. Rob Walton $65.7 Billion, Father founded Wal*Mart, USA

Source: www.newtraderu.com

Quote for the day

"Whoever tries to imagine perfection simply reveals his own emptiness." - George Orwell

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"Patience, persistence, and perspiration make an unbeatable combination for success." - Napoleon Hill

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"No man is your enemy, no man is your friend, every man is your teacher." - Florence Scovel Shinn

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"Strength and growth come only through continuous effort and struggle." - Napoleon Hill