Founder and Executive Chair: Amazon (AMZN)
Net Worth: $177 billion1
Amazon Ownership Stake: 11% ($178 billion)
Other Assets: Blue Origin ($7.15 billion private assets), The Washington Post ($250 million private assets), and $13.4 billion in cash2 In 1994, Jeff Bezos based Amazon.Com in a garage in Seattle, quickly after he resigned from the hedge fund massive D.E. Shaw.Three In fact, he had initially pitched the concept of an online book shop to his former boss David E. Shaw, who wasn’t fascinated.
2. Elon Musk
Residence: Austin, Texas
Co-founder and CEO: Tesla (TSLA)
Net Worth: $151 billion1
Tesla Ownership Stake: 20% ($one hundred twenty five billion)
Other Assets: Space Exploration Technologies ($29.8 billion non-public belongings) and The Boring Company ($101 million non-public belongings)Elon Musk has had his palms in several extraordinary companies over time. Originally enrolled at Stanford University, Musk deferred his attendance to release Zip2, one of the earliest on-line navigation offerings. A part of the proceeds from this undertaking turned into then reinvested to create X.Com, an internet price system that later have become PayPal. While each of these structures have been sooner or later offered to different corporations, Musk has maintained his repute as CEO and lead clothier of his third challenge, Space Exploration Technologies (SpaceX), which goals to make space exploration greater affordable.16
In 2004, Musk became a prime funder of Tesla Motors (now Tesla), which caused him being retroactively declared a cofounder and his cutting-edge position as CEO of the electrical automobile employer.17 In addition to its line of electrical automobiles—which encompass sedans, recreation utility cars (SUVs), and the "Cybertruck" introduced in 2019—Tesla additionally produces electricity garage gadgets, automobile accessories, products, and, through its acquisition of SolarCity in 2016, sun power systems.1819
In 2020, Tesla’s inventory price skilled an astronomical surge, having risen 705% from the start of the 12 months to mid-December.20 It joined the S&P 500 that equal month, the biggest organization added thus far.
3. Bernard Arnault
CEO and Chair: LVMH (LVMUY)
Net Worth: $one hundred fifty billion1
Christian Dior Ownership Stake: 97.Five% ($133 billion)
Other Assets: Moelis & Company fairness ($23.Three billion public property), Hermès fairness ($2.23 billion public assets), Carrefour equity ($900 million public assets), and $9.Forty eight billion in cash25
French country wide Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxurious goods corporation. This business owns some of the biggest brands on Earth, which includes Louis Vuitton, Hennessey, Marc Jacobs, Sephora, and plenty of extra.26 The majority of his wealth, however, surely comes from his huge stake in Christian Dior SE, the maintaining enterprise that controls forty one.25% of LVMH.27 His stocks in Christian Dior SE, plus a further 6.2% in LVMH, are held through his own family-owned conserving organization, Groupe Arnault SE.
An engineer via training, Arnault's business chops have become apparent at the same time as operating for his father’s construction company, Ferret-Savinel, which he might take manage of in 1971. He later transformed Ferret-Savinel to a real property organization named Férinel Inc. In 1979.
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