With 2016 slowly winding down, it is a good time to take a look at how some of the world’s richest people have been doing this year. You may have not realized it, but just a little group of the world’s wealthiest people control a staggering portion of the world’s economy, so it is good to know who these people are. Throughout the year, Bloomberg L.P., a financial software, data and media company publishes a chart of the richest people in the world, and they update the ranking every day. So let us have a look at the world’s 25 wealthiest people (as of November 14). From Chinese business magnates to American software tycoons, here is the latest ranking of the 25 Of The Richest People In the World.
10
Steve Ballmer (net worth: $25.2 billion)
Source: bloomberg.com
Born in 1956 in Detroit, Michigan, Steve Ballmer is the former CEO of Microsoft, the world’s biggest software maker. He stepped down in February 2014 and remains the largest individual shareholder of the company, which makes the Windows operating system, the Xbox360 game console, and Surface tablet computers. The billionaire bought the NBA team LA Clippers in 2014.
9
Jorge Paulo Lemann (net worth: $26.2 billion)
Source: bloomberg.com
The richest person in Brazil, Jorge Paulo Lemann is a prominent Brazilian-Swiss investor who shares control of Newbelco, the world’s largest beer maker, with partners Marcel Telles and Carlos Sicupira. Through New York-based 3G Capital, the trio also own Burger King and, with Berkshire Hathaway, are shareholders in Kraft Heinz.
8
Li-Ka Shing (net worth: $29.4 billion)
Source: bloomberg.com
Born in 1928 in China, Li-Ka Shing is a Hong Kong business magnate, investor, and philanthropist. He controls Hong Kong-based CK Hutchison Holdings, which holds mainly energy and infrastructure assets, such as ports, retail, and mobile phone networks. He also controls Cheung Kong Property Holdings, a developer and owner of real estate.
7
Sheldon Adelson (net worth: $29.4 billion)
Source: bloomberg.com
A father of five children, Adelson is the chairman and majority shareholder of Las Vegas Sands, the world’s largest casino operator. The Las Vegas-based business controls casino resorts and convention centers in the U.S. and Asia. He owns more than half of the publicly traded company, which had revenue of $11.7 billion in 2015 and 50,000 employees.
and 50,000 employees.
5
John Mars (net worth: $30.1 billion)
Source: bloomberg.com
Born in 1935 in Arlington, Virginia, John Mars shares ownership of Mars Inc., the world’s largest confectioner. The closely held, McLean, Virginia-based company makes candy (M&M’s, Snickers, Milky Way), chewing gum (Juicy Fruit, Orbit), pet chow (Pedigree, Whiskas), and packaged foods (Uncle Ben’s), and had revenue of $35 billion in 2015.
4
Jacqueline Mars (net worth: $30.1 billion)
Source: bloomberg.com
One of just three women who made it to the list, Jacqueline Mars shares ownership of Mars Inc. (together with her brother John Mars). Born in 1939, Jacqueline graduated from Bryn Mawr College in 1961 with a degree in anthropology. She is divorced and has three children.
3
Wang Jianlin (net worth: $32.1 billion)
Source: bloomberg.com
Wang is the chairman and founder of Chinese conglomerate Dalian Wanda Group. The Beijing-based business has interests in property development, department stores, tourism, hotels, and entertainment. It became the world’s largest cinema operator after buying Kansas City-based AMC Entertainment in 2012. Wang’s father was a combat veteran in World War II and China’s civil war.
3
Jack Ma (net worth: $33.5 billion)
Source: bloomberg.com
A former English teacher who once earned $10 a month, Jack Ma is the richest man in China. Ma founded Alibaba Group, the world’s largest collection of e-commerce websites. The Hangzhou, China-based company operates sites including Taobao, the nation’s biggest shopping site. The group has more than 400 million active buyers in more than 190 countries. Ma also owns a stake in online-payment service Alipay.
2
Liliane Bettencourt (net worth: $33.6 billion)
Source: bloomberg.com
Born in 1922 in Paris, Liliane Bettencourt is a French businesswoman who owns 33 percent of L’Oreal, the world’s largest cosmetics maker. The Paris-based company controls Lancome and Garnier and had revenue of $28 billion in 2015. Bettencourt inherited her father’s stake in 1957, and her fortune has been managed by her daughter and two grandsons since 2012. With a peak net worth of more than 40 billion, she is the richest woman in history.
1
Alice Walton (net worth: $33.7 billion)
Source: bloomberg.com
Born in 1949, Alice Walton is the youngest child of Wal-Mart founder Sam Walton and the heiress to his fortune of Wal-Mart Stores, Inc. – the world’s biggest retailer and largest employer in the U.S. As an avid art lover, she donated her collection of American art to her museum, Crystal Bridges, in 2011.
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