Number of People With $100 Billion Reaches 8

By Douglas A. McIntyre Published Apr 12, 6:25AM EDT

Follow 24/7 Wall St. on Google

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Number of People With $100 Billion Reaches 8 — © David Ryder / Getty Images

Just two years ago, it seemed inconceivable that anyone could have a net worth of $100 billion. Jeff Bezos, founder and CEO of Amazon, crossed the mark on November 24, 2017. Amazon’s stock had soared as its lead at the top e-commerce company was buttressed by its world’s largest cloud computing business. As of Sunday, the number of people with $100 billion in net worth had risen to eight.

Bloomberg monitors net worths on its Billionaire Index, which tracks the 500 richest people in the world. Bezos tops the list at $197 billion. Amazon’s stock has been pushed even higher by the growth of online shopping during the pandemic.

Elon Musk, founder and CEO of Tesla, ranks second at $175 billion. The company’s share price has risen 491% in the past year.

Next on the list, Bill Gates, co-founder of Microsoft, has a net worth of $147 billion. He left the Microsoft board a year ago to concentrate on philanthropy. However, shares in the company have surged over the past year.
[nativounit]
Bernard Jean Étienne Arnault is the only non-American on the list. He is CEO and controlling shareholder of the world’s largest luxury goods company, LVMH Moët Hennessy Louis Vuitton. Bloomberg puts his net worth at $132 billion.

Fifth on the list is Mark Zuckerberg, founder and CEO of Facebook, with a net worth of $118 billion.

Warren Buffett, “the greatest investor in history” and founder and CEO of Berkshire Hathaway, is also on the list with a net worth of $101 billion.

These six were just joined by the two founders of Google, which is now called Alphabet. Larry Page just topped the $100 billion net worth number to reach $103 billion. Sergey Brin’s net worth is $100 billion. Alphabet’s stock has been rising steadily over the course of the five-year tech rally. It reached an all-time high last week. The company’s market cap sits at $1.54 trillion.

Neither Brin nor Page is involved in the day-to-day management of the company. Alphabet looks little like the company they founded as Google in 1998. While it maintains its status as the largest search engine in the world, it operates businesses as widespread as the Android operating system, YouTube and the Waymo driverless car initiative.

Click here to see the city in each state with the most billionaires.
[wallst_email_signup]

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.