Who is the richest man in the world?

The list of the richest men in the world changes time to time. Who tops it this time?

The richest man in the world is defined by Forbes magazine and its lists of the wealthiest people of our planet. Presently, the richest one is Bill Gates (IBM founder) and he has taken this position for 6 times since the first issue of the Forbes list.

Who is the richest man in the world

Wealth – what does it mean?

Wealth is a relative concept. It may vary depending on country or person. So, talking of the world richest men, how do we define richness?  It is a tricky question. Americans, one of the wealthiest nations have their own definition of wealth. The stats show that having almost 1.5 million dollars can put you in the list of wealthy people of country, which make only 5 percent of the entire population. Still, a large group of people defines wealth as having 5+ millions of US dollars. At this, the majority of respondent of the research indicated that for then being wealthy means having twice as much as they have now.

Wealth – what does it mean?

So, being rich really depends on where you live and what you currently have. There is a huge gap between different countries and the level of income of their population. For instance, in Nigeria middle class people make anywhere starting from $400 and up, which is way below the level of poverty for some of the other places on our globe.

Who is the richest man in the world?

Before we get to the name and history of the richest man in the world, we should take some time to get an idea of how the list of the top 20 or top 500 richest people in the world is formed. This list exists for over 28 years and it is compiled and made available by Forbes magazine. Every year the list gets renewed and republished; this event takes place in March annually.

Bill Gates

READ ALSO:Top ten richest men in Africa

Forbes collects all the key data for the fair evaluation of the wealth of the wealthiest people in the world. It hires independent experts – journalists that come from different countries of the world. They collect the info and try to get all the answers the tricky questions. They do it by interviewing candidates to enter this list. Presently there exact number of known and obvious billionaires in the world amounts to 1826.

All together they hold a capital that exceeds $7 trillion and every year new people show up in this list. Lately lots of them (over 50 newcomers) are located in China. During 2014 the net worth of all the billionaires has significantly increased from almost $6.5 trillion to little over $7 trillion dollars. At this the wealth of the richest people in the world is not dispensed evenly. The 500 of the richest of them hold over 4 trillion dollars and the rest 1300 guys have what is left. As matter of fact, there are almost 200 women present in the Forbes’ list.

Bill Gates richest man in the world?

So, after all who is the richest man in the world?  It is Bill Gates (who else did you expect?), because this guy tops the list of the best of the best for the 16th time over the last 21 years. His net worth amounts to 79.2 billion of US dollars. The main source of his income is the company he created – Microsoft. He resides in America, in Washington State. Presently he is 59 years of age. Let us take a closer look at this person’s history.

Fact sheet:

 Birth date: October 28, 1955

Education Bill Gates


  • Lakeside School
  • Harvard (unfinished course)

First employment:

1969 - Sciences, Inc. – writing payroll program. His goal was to study the software and to find its possible faults. This job has given him an opportunity to study computers and programming in detail and to come up with new ideas and solutions.
The real start of his career was in the freelance field. He searched for various options to make money by creating software. When he just turned 15, he created and sold street trafficking programs for over 20 000 US dollars.

Bill Gates Family


  • Married with 3 kids.


The firm was founded by Bill Gates and his schoolmate Paul Allen in 1975, when they moved to New Mexico and quitted his studies in Harvard University. Initially the company had only eleven employees. As you may see, he had a rather humble start if you compare it with his later achievements. Officially the firm got registered the next year. Its first headquarters was located in Albuquerque.

IMB 1980

Landmark decision – IMB partnership

It came about n 1980, just a year later after amazing success of his DOS software for IMBs personal computers, Bill Gates moved his office and company to Washington and became its Chairman and President.

Landmark discovery – Windows

This is what has tirned Bill Gates into a billionaire. As a matter of fact, he was then young enough, just turned 31 years of age. November 20 of 1985 became a turning point in his life and in the life of the world, too. That is when the first release of Windows took place.

Windows 1985

Wealth milestone – 1995

This year Bill Gates for the first time has become the richest man in the world. By that time his fortune grew to be almost 13 billion dollars.

The great giver

Getting is not all there is in this world. Gates family has established The Bill & Melinda Gates Foundation  and over the last years they have donated 29 billion dollars to this fund as well as to other places. This make Gates not only the richest of the rich, but also the most generous giver of the world. Besides giving away his fortune he stimulates other billionaires to   make generous donations during their life or after death and this far he has been pretty successful in doing so.

Bill Gates great giver

Top 10 richest people in the world

1. Bill Gates.

We have already talked about this guy. He is among the top 20 richest people in the world. Let’s get the names of others.

2. Carlos Slim Helu


Age: 77

Made his wealth in Mexico city, type of business – telecom.

Net worth – $77.1

Interesting facts

Wears inexpensive suits and hates using PC.

Carlos Slim Helu

3. Warren Buffett


Age: 84

Residene: Omaha, Nebraska State

Source of wealth: Berkshire Hathaway Company.

Net worth – $72.7

Interesting facts

The shares of his company are the most expensive ever. He has made only 1 percent of his fortune before he turned 55 years old.

Warren Buffett

4. Amancio Ortega


Age – 79

Residence: Spain, La Coruna

Source of wealth: Zara

Net worth – $64.5

Interesting facts

He has been interviewed only 3 times in his entire life. And rarely takes time off, being much consumed with his job.

Amancio Ortega

5. Larry Ellison

Age - 70

Residence: Woodside, CA

Source of wealth: Oracle

Net worth - $54.3

Interesting facts

In 2000 Larry has become the richest man in the world. Steve Jobs was his personal wedding photographer.

 Larry Ellison

6 and 7 brothers Koch: Charles and David


Age - 79

Residence: Wichita, KS

Source of wealth: Koch Industries and other

Net worth: $42.9

Interesting facts

Koch’s company is one of the top environmental polluters in USA. Both brothers have equal net worth.

brothers Koch: Charles and David

8. Christy Walton


Age - 60

Residence: Jackson, WY

Source of wealth: Wal-Mart

Net worth: $36.1

Interesting facts

Her wealth mainly comes from her husband lucky investment in the First Solar panels. She is one of the 197 women billionaires in the world.

Christy Walton

9. Jim Walton


Age – 67

Residence: Bentonville, AR

Source of wealth: Wal-Mart

Net worth: $40.6

Interesting facts

Joined his family business not so far only after the death of his brother in air plain crush.

Jim Walton

10. Liliane Bettencourt


Age - 92

 Residence: Paris, France

Source of wealth: L’Oreal

Net worth: $39.3

Interesting facts

She is the richest woman in Europe and takes the 3rd place in France. At the age of 87 she had to go through police interrogation as a witness. 

 Liliane Bettencourt

11.Alice Walton


Age - 65

Residence: Fort Worth, TX

Source of wealth: Wal-Mart

Net worth: $33.9

Interesting facts

Built famous museum of art called Crystal Bridges. However, the costs of its building did not go over the 2 days’ work and worth of Wal-Mart.

Alice Walton

These are some of the richest males and females of the world. This list can go on and on. However, the first 20men are the richest of all in the world.

The richest man in Nigeria

Once we know, who is the richest man in the world, let us find out who is the weathiest person in Nigeria. Nigeria is one of the top African economies and it is rich both in natural and in human resources. No wonder it has some rich people in it. And the richest of all is Aliko Dangote. His net worth is 18.8 billion US dollars.

Aliko Dangote.

Presently this person is a CEO of a company called after his name – Dangote Group. Besides being the richest man in Nigeria, he also is the richest man in Africa. What is more, he is considered to be the richest black male in the whole world. The man is years old. His business was founded back in 1977 and at first it was only a small sales company. Presently it owns such assets, as cements factories, sugar refineries, etc. The trading volumes of this firm are unbelievable. Every year the company sells over 800 thousand tons of sugar. It has over 11 thousand people working on staff with it.

Aliko Dangote richest man in Nigeria

Its main source of income is agriculture. It grows and processes all kinds of foods: grains, cocoa, nuts, cotton, etc. Few years ago the man has become the largest employer in Nigeria and was honored for his efforts and hard work along with investments in his native country.

As you may see, extreme riches are available only to less than 1 percent of the global population. Some of these people are richer than entire countries. For instance, only eighteen countries of the world are richer than Bill Gates. And that’s a fact. So, wealth and riches are all relevant and for some people having food and other basic provisions are enough to make them rich as kings and happy. 


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