Most people believe that the richest men in the world were born rich but that is not the case. Some of the richest men in the world have made it to the top because of their excellent decision making skills, ingenuity and hard work. t is always a difficult task to come up with the top 10 list of the richest men in the world because there are many people that are trying their level best to make that list. It is important to point out that despite the tough economic conditions in 2014; there are some people that continue to make it big. This article will highlight the top 10 richest people in the world 2014.
10. Christy Walton
Christy Walton was fortunate enough to get married to a rich husband and she has successfully taken over the family empire after her husband John Walton died in 2005. John’s grandfather was the founder of the Wall-Mart business empire that has continued to grow over the years. It is believed that Christy is the richest woman in the world after she inherited over $ 15 billion from her husband. She owns a substantial amount of shares in Wal-Mart and her net worth is estimated to be more than $ 26 billion.
9. Mukesh Ambani
Mukesh Ambani was born and raised in India and is a very successful businessman. The business magnate is the majority shareholder in India’s largest private enterprise known as Reliance Industries. He is the current managing director and chairman of this successful enterprise and it is believed that his personal stake in Reliance Industries is about 48 percent. Reliance Industries is India’s most reputable firm because of its increased profitability in recent years. Other reputable companies such as Coal India and ONGC can not match Reliance Industries when it comes to profitability. Ambani’s estimated net worth is estimated to close to $ 28 billion.
Eike Batista is the current president of the prestigious EBX Group and one of the most successful Brazilian entrepreneurs. He was included in the top 10 list of the richest men in the world in 2011 by Forbes magazines and is also making the list in 2014. Batista’s estimated net worth is $ 30 billion and he remains the riches man in South America. He is a very influential figure when it comes to the field of global finance as noted by Bloomberg Market’s magazine.
7. Amancio Ortega
Amancio Ortega makes the list of the top10 riches people in the world 2014 because of his tremendous success in the fashion world. The Spanish fashion entrepreneur founded the Inditex Group with his former wife and his ingenuity has made the company to always remain at the top. Ortega is the richest man in Europe according to the Forbes magazine and is still the chairman of Inditex Group with a 59 percent stake. He currently resides in one of Spain’s high-profile neighborhoods with his second wife. Some of the notable brands produced by Inditex Group include Oysho, Stradivarius, Zara Home, Tempe and Massimo Dutti.
6. Lakshmi Mittal
Mittal is the second Indian to make the list of the top 10 richest people in the world 2014 and he presides over a multi-billion business empire. He is a majority shareholder in the largest steelmaking company in the world and is also the company’s chairman and CEO. Mittal is the riches man in Asia, the United Kingdom and India with an estimate net worth of $ 31 billion. His daughter held the most expensive wedding ceremony in the world to showcase the family’s riches.
5. Lawrence Joseph Ellison
Lawrence has been in the software business for quite some time and is the CEO and co-founder of Oracle Corporation. He is the third richest man in America and his software firm is among the market leaders. Lawrence has an estimated net worth of $ 33 billion. He also gets a good salary as the CEO of the company with hefty bonuses. It is estimated that Larry had received more that $ 61million in total income by 2007.
4. Bernard Arnault
Bernard is the founder of LVMH and is also the company’s chairman and CEO. He is one of the richest business magnates in the world. Arnault is a smart entrepreneur that takes advantage of any business opportunity that comes his way. This was demonstrated when he took advantage of the conflict between the CEO of Moet Hennessy and the president of Louis Vuitton to obtain property rights to perfumes by Dior. He later increased his already enormous fortune by establishing a holding company. Arnault has a 60 percent stake in the holding company that makes him to be among the top 10 richest people in 2014.
3. Warren Edward Buffet
Warren has always been regarded as the world’s most successful investors. He is the second richest man in America and is a well respected business magnate, philanthropist and a very smart investor. He is the chairman of The Berkshire Hathaway and still remains the primary shareholder in the company. Buffet was ranked first in 2008 but dropped to third in 2011 and has held the same position until now. He has stakes in other successful companies in America and that is why he has been in top 3 for the last six years.
2. Bill Gates
Gates is an American philanthropist author, business magnate and investor that remained in the first spot for almost a decade before he was dislodged by Buffet and Carlos Slim Helu. He co-founded Microsoft with Paul Allen and still remains the company’s chairman. Microsoft was among the pioneer software companies in the world and Gates made a fortune before the market became competitive. Gates has held several positions at Microsoft over the years including CEO and chief software architect. He spends a substantial amount of his fortune on philanthropic initiatives. Gates has maintained a low profile in recent years but he is still among the richest men in the world.
1. Carlos Slim Helu
Carlos is a Mexican Philanthropist and a reputable business magnate with an interest in the telecommunications industry. He is the chairman and CEO of Telmax and America Movil which are the leading telecommunication companies in Latin America. Carlos has stakes in other companies and his $ 74 billion net worth makes him to take the first spot on the list of top 10 richest people in the world 2014.