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Meet the world’s richest in $100 billion club - Jeff Bezos, Bill Gates, Bernard Arnault, Mark Zuckerberghttps://www.businessinsider.in/thelife/personalities/news/meet-the-worlds-richest-in-100-billion-club-jeff-bezos-bill-gates-bernard-arnault-mark-zuckerberg/slidelist/77781044.cms2020-08-27T14:22:55+05:30

Meet the world’s richest in $100 billion club - Jeff Bezos, Bill Gates, Bernard Arnault, Mark Zuckerberg

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BI India BureauAug 27, 2020, 14:22 IST

Meet the world’s richest in $100 billion club - Jeff Bezos, Bill Gates, Bernard Arnault, Mark Zuckerberg — Business Insider India

Jeff Bezos became the first person in modern history to have a net worth of more than $200 billion.
Bill Gates entered the $100 billion club last year in April when Microsoft share price surged post-earnings.
French businessman and Europe’s richest man Bernard Arnault became the second richest person in the world but his fortune was short lived.
Mark Zuckerberg is the youngest centibillionaire — thanks to Instagram Reels.
There are only four people in the tribe of centibillionaire in the world — Jeff Bezos, Bill Gates, Bernard Arnault and Mark Zuckerberg, according to Forbes. Centibillionaires are super-rich people who have $100 billion or more. Three of the four centibillionaires are from the US while one of them is from Europe.

The $100 billion club could soon see a new entrant — Tesla founder Elon Musk. He is worth $95.5 billion, as of August 27, 2020.

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Jeff Bezos

Jeff Bezos — BCCL
Networth: $205 billion
Jeff Bezos became the first person in modern history to have a net worth of more than $200 billion. 56-year old Bezos is the founder, CEO, and president of Amazon — a multinational company that focuses on a range of businesses from e-commerce to cloud computing and artificial intelligence. This coronavirus pandemic has led to people shopping more and more online — which has greatly benefitted Amazon.
The share price of Amazon has surged by 80% since the beginning of the year making Bezos gain over $86 billion of his wealth in the last 12 months. He owns an 11.1% stake in the $1.68 trillion company.

Bill Gates

Bill Gates — BCCL
Networth: $116.2 billion
Bill Gates, the co-founder of Microsoft, is the world’s second-richest person with a net worth of $114 billion, according to Forbes. Bill Gates entered the $100 billion club last year in April when Microsoft share price surged post-earnings. He co-founded Microsoft with Paul Allen in 1975.
However, only 12.5% of his wealth comes from Microsoft. He has invested heavily in several stocks including Berkshire Hathaway. He also launched a $1 billion investment fund.

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Bernard Arnault

Bernard Arnault — LVMH
Networth: $114
French businessman and Europe’s richest man Bernard Arnault earned the $100 billion fortune last year in December.
The 70-year old Arnault is the chairman and CEO of LVMH Moet Hennessy Louis Vuitton SE, the world’s largest maker of luxury goods. He owns half of the shares in LVMH and 97% stake in Christian Dior.LVMH manufactures and sells Louis Vuitton handbags, Dom Perignon champagne, TAG Heuer watches, and Rimowa luxury suitcases.
He became the world's second richest person in the early 2020 but his fortune was short lived. Arnault witnessed a sharp decline in his fortune when the pandemic forced closure of most countries in the world. LVMH saw a 27% drop in sales in the first half of 2020. He lost over $26 billion because of the pandemic between January and March but has managed to regain it back, according to Forbes data.

Mark Zuckerberg

Mark Zuckerberg — BCCL
Networth: $111.5billion
Mark Zuckerberg, the Oxford drop-out who runs Facebook is the youngest and the most recent centibillionaire. His networth zoomed past $100 billion after Instagram — which is also owned by Facebook — launched a TikTok-like feature called Reels. This led Facebook’s share to surge by 12% between August 6 and August 7.
Zuckerberg owns nearly 15% share in Facebook and has added over $5.3 billion in a week. Instagram’s Reels platform has also become the most popular short-video app after Donald Trump threw TikTok under the bus. The US President threatened to ban TikTok over national security issues.

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