Top 10 Richest Entrepreneurs in 2022 & How They Made it (2023)

An entrepreneur is a person who sets up a business or an organization by taking a financial risk.

With financial risk comes a chance to earn financial rewards in terms of profit. Apart from financial gain, entrepreneurs are also motivated by factors like innovation, disruption, making an impact etc.

What makes a successful entrepreneur?. What made the richest entrepreneurs so successful?.

I believe entrepreneurial success depends on the following traits:

  • Strategic mindset
  • People management skills
  • Holding nerve during a downturn
  • Perseverance

But entrepreneurship isn’t easy & definitely not a recommended career line for the faint hearted ones. Having said that, it does provide an immense opportunity to change the world for a better. Had an entrepreneur not taken a risk then products like social networks, search engines, messenger apps & digital wallets would not have been invented.

With numerous global challenges now, the world needs more & better entrepreneurs. But, unfortunately, entrepreneurship hasn’t picked pace like other professions due to various business factors like increased competitiveness. As per a study conducted by CNN, number of Start-ups in the US had hit a 40-year low in the year 2016.

So, now let us go through a list of top 10 richest entrepreneurs (as per Forbes latest report)

TOP 10 RICHEST ENTREPRENEURS

1. Elon Musk

With a net worth of $ 269 billion, Elon Musk tops the list of richest entrepreneurs. Famously, he's the CEO of the world's largest electric vehicle company called Tesla. Musk became the largest shareholder of Tesla by investing $ 6.5 million dollars in 2004. Tesla was originally founded in 2003 by Martin Eberhard & Marc Tarpenning.

Tesla has also got diversified interests in the following ventures:

  • Maxwell Technologies (energy storage & power devices/solutions for electric vehicles)
  • Tesla Energy (solar energy devices & solutions)
  • DeepScale (technology solutions for self-driving vehicles)
  • Grohmann Engineering (automated manufacturing solutions)
  • Tesla Insurance (insurance services for Tesla vehicle owners)
  • Perbix Machine (automated manufacturing devices)
  • Tesla Financial Services (finance services for Tesla customers)

Key Facts about Elon Musk

  • Net worth: $ 269 billion
  • Age: 50 years
  • Shareholding in Tesla: 17%
  • Education: University of Pennsylvania (Degree in Science)
  • Key Designation: CEO of Tesla
  • Citizenship: USA, South Africa & Canada

💡

Tesla's stock price rose around 1100% from the start of 2020 ($88) till the end of 2021 ($ 1056).

Elon Musk's Success Story

In 1995, Elon co-founded his first successful venture - Zip2 - by borrowing money from his father. Basically, the software company was helping newspapers build their own online directories. Back in those days, the idea was indeed revolutionary. Even The New York Times was one of Zip2's high profile clients. Later in 1999, Zip2 was later sold to Compaq for $ 341 million.

Soon after, flush with cash, Musk started X.com as a fintech company. There was another fintech company called Confinity (founded by the famous investor Peter Thiel) that was competing with X.com. To avoid competition, both these companies decided to merge & create a common brand called "PayPal" which went on the become one of the World's largest money-transfer services. PayPal, in 2002, was acquired by eBay for $ 1.5 billion.

In 2003, an electric car company Tesla was founded by Martin Eberhard & Marc Tarpenning in the US. Elon Musk became the largest shareholder & chairman of Tesla in 2004 by investing $ 6.5 million. In 2008, Musk became the CEO of Tesla. It was the same year when Tesla launched its first car "Roadster" (an electric sports car).

Tesla became public in 2010 & in 2017, Tesla launched its famous Model 3 electric car for mass market. Since then, Tesla has had a phenomenal run on the stock market. Thus, making Elon Musk the richest man on the earth.

In 2022, Elon Musk offered to buy Twitter for $ 44 billion in an all-cash deal.

Elon Musk's Leadership Principles

  • Make a difference

Elon Musk has big goals. He wants to change the world. He wants to make an impact. He craves about making a difference. Therefore, all his ventures are revolutionary - he wants to make self-driving cars, send common people to Mars, solve traffic problems, etc.

(Video) Top 10 Richest Entrepreneurs in 2022 & How They Made 2022

Like him, he wants his employees to be ambitious, innovative & think different. As a leader, it's important that your vision & work culture are aligned with that of your team.

For entrepreneurs like Elon Musk, money isn't the main motivator. They care more about the impact of their work. What's the point of being the richest person on earth if you aren't making this world any better?

  • Clarity, confidence & focus

Musk is a clear thinker & communicator. If you want to know what I mean - check out his Twitter profile. He's quite active there & shares his thoughts always. Great communicators are always confident & focused.

He likes to hire people who've got these abilities.

  • Avoid long & frequent meetings

To improve productivity at Tesla, Elon Musk discourages long & frequent meetings. Long meetings are a waste of time & frequent meetings disrupt the flow of work.

As a rule, meetings are only allowed if the matter is urgent.

  • Embrace failure

As an innovator, Musk feels failure is totally cool. If you're afraid of failing, you can't create innovative products - the products that change the game & make a difference.

Elon wants his employees to see failure as an option. This way they'll be able to create path-breaking products & take their organization to a new level.

  • Embrace change

Musk feels the only thing constant in our life is change. If we don't change or adapt ourselves, we're doomed for failure.

Changes can be in the form of technology, people, environment, preferences, style, trends etc. We should take changes into factor & adapt ourselves.

  • Be Optimistic

A negative mind hasn't ever gone far. If you want to make a difference, you need to be optimistic & think positively always.

Look, business isn't for the faint hearted ones. Every day, you're going to face challenges, failures & negativity. If you're going to get bogged down with these, you aren't going far. All successful entrepreneurs have a strong mindset. They don't let failure define their future.

2. Jeff Bezos

Born in 1964, Jeff Bezos is the founder & CEO of the e-commerce giant called Amazon. With a net worth of $187 Billion, he's second on the list of richest entrepreneurs. He founded Amazon as an online bookstore in the year 1994. After that, there was no looking back for Bezos as he kept adding new categories of products.

Today, Amazon is not only world’s largest online shopping platform but also has diversified interests in many other businesses like:

  • Amazon Web Services (cloud computing service)
  • Kindle (eBook reading device & service)
  • Alexa (cloud voice service)
  • Audible (audiobook marketplace)
  • Goodreads (community for book readers)
  • Twitch (live streaming platform)
  • Whole Foods (supermarket chain for organic food products)
  • Diapers.com (online retailer for baby products)
  • Zappos (online retailer for shoes)
  • iMDb (community for movie viewers)
  • Amazon Fresh (grocery delivery service)
  • Amazon Prime (subscription & streaming service of Amazon)
  • Amazon Pay (online payment service)

The aforesaid list isn't complete. Why? Because Amazon, as of today, has 40+ subsidiaries. It isn't feasible list all of them here. So, I only picked & featured the most popular ones.

What an incredible journey! From selling books to selling (possibly) everything on the earth.

Key Facts about Jeff Bezos

  • Net worth: $ 187 billion
  • Age: 58 years
  • Shareholding in Amazon: 10%
  • Education: Princeton University (Degree in Electrical Engineering & Computer Science)
  • Key Designation: Founder & Chairperson of Amazon (In 2021, Bezos resigned as CEO of Amazon)
  • Citizenship: USA

💡

Jeff Bezos became the richest person on earth in 2017 & kept that title till 2021.

(Video) Top 10 Richest People In The World (2022)

Jeff Bezos's Success Story

After graduating from college in 1986, Bezos first worked at Fitel, a telecommunication company. Thereafter, he joined Bankers Trust. After a short stint there, he joined a hedge fund (DE Shaw & Co.) as a manager & worked there for around 4 years till 1993.

In 1994, Jeff Bezos founded Amazon that went on to become the world's largest online retailer. Initially, Amazon was just into selling of books. However, after Bezos took Amazon public through IPO, it quickly started expanding into other products & verticals.

Post IPO, Amazon was struggling to generate profit. Fast expansion meant more cash burn. The bank balance was dwindling. Bankruptcy was looming in the air. The situation was such that Amazon had to lay off a chunk of its workforce. And, it had started vacating its distribution centres.

However, in 2002, Amazon launched Amazon Web Services (AWS) that changed the game for Amazon in terms of cash flow & profitability. AWS quickly became popular for its affordable cloud computing services. It actually disrupted an industry in no time.

And, the rest, as we say, is history.

Today, Amazon generates an annual revenue of more than $ 500 billion.

💡

Moral of the story: Entrepreneurship is all about perseverance. No matter how worse the situation is, winning entrepreneurs never give up. They stay composed & that's what differentiates successful entrepreneurs from the unsuccessful ones.

Related: Alibaba vs Amazon : The Battle of the Titans

Jeff Bezos's Other Ventures

Apart from Amazon, Jeff Bezos has got diversified interests in ventures like:

  • Blue Origin (spaceflight services)
  • The Washington Post (the news media company Jeff bought for $ 250 million in 2013)
  • Bezos Earth Fund (climate change initiatives)
  • Bezos Academy (education for the underserved)
  • Bezos Expeditions (venture capital firm)
  • Altos Labs (anti-ageing research firm)

Jeff is also an investor in famous companies like Google, Twitter, Uber, Stack Overflow, Basecamp, Behance, Business Insider, etc.

Jeff Bezos's Leadership Principles

  • Be obsessed with your customers

Jeff Bezos keeps stressing the importance of customer satisfaction. He keeps reminding his employees to focus on Amazon's customers & not competitors. Competitors will come & go but its the customers who're going to help build Amazon's brand over the long run. Isn't it?

In fact, the vision of Amazon is to be the World's most customer-centric company.

  • Take risk, invent & embrace failure

Jeff isn't someone who plays safe. He's known to take risks & isn't afraid of failure. Instead, he's afraid of missing a business opportunity. He's afraid of regret.

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Amazon has had its share of failure in the past. But, Jeff has always embraced failure with grace. And, that's what he asks his team to do.

He once said that Amazon is the World's best place to fail. Unless you're aren't afraid of failure, you can't experiment. And, if you don't experiment, you don't invent. So, risks, invention & failure are inter-connected.

  • Think long-term & be patient

Rome wasn't built in a day. And, Amazon too wasn't built in a day.

Jeff says that the key to success is thinking long term. And, that of course, requires patience. As I discussed earlier, its patience & the never-give-up attitude that separates a successful entrepreneur from an unsuccessful ones.

  • Make your team agile

Jeff coined the famous "Two Pizzas" rule that stated every team should only of a size that can be fed with 2 pizzas. A bigger team will create problems with communication, coordination & decisions.

So, ideally a team of less than 8 people is what Jeff wanted for agility in the organization.

  • Take high-quality decisions

Bezos stressed on taking high-quality decisions. The decisions that will help grow your organization in long run.

  • Don't use presentation slides during meetings

Jeff didn't like the idea of using presentation slides during meetings. Instead, he instructed his team to come up with a six-page meeting agenda before each meeting. That agenda was a mandatory read for all meeting attendees.

The idea is make everyone come on the same page. Each team member should all crucial facts even before the meeting begins.

3. Bill Gates

Bill Gates is the founder of the PC software firm Microsoft corporation. With a net worth of $97 billion, Gates is at number second on the list. He is widely credited as one of the pioneers who revolutionized the personal computing industry with Microsoft’s operating system ‘Windows’. Started in 1975, Microsoft now has diversified interests in various companies including:

  • Skype
  • LinkedIn
  • Yammer
  • Microsoft Mobile (Earlier known as Nokia)
  • Github
  • Mojang
  • Nuance Communications

He's also involved in various philanthropic projects.

Key Facts about Bill Gates

  • Net worth: $ 121 billion
  • Age: 66 years
  • Shareholding in Microsoft: 1%
  • Education: Harvard University (Dropout)
  • Key Designation: Co-chairperson of Bill & Melinda Gates Foundation
  • Citizenship: USA

Bill Gates's Success Story

At the age of 13, Bill Gates was fascinated about coding & its future. He attended Lakeside school where he was tasked with automating the class scheduling system. At 17, he created a software to study the traffic data & help traffic engineers. In 1975, along with Paul Allen, Gates built Microsoft & coded "Altair BASIC" that became popular among computer users.

In 1980, Microsoft struck deal with IBM to create its proprietary operating system for $ 50,000. In the same year, Microsoft launched MS-DOS that was being directly to consumers. And, this changed the game for the company. They started getting recognition in the press.

In 1985, Microsoft launched Windows that revolutionized the personal computing industry. Windows became the default operating system for PCs manufactured by major brands like IBM.

Bill Gates's Leadership Principles

  • Failure is a great teacher

Bill Gates feels there's no better teacher than failure. He says success makes people think they can't lose. Of course, you should celebrate success but at the same time learn from your failures.

So, we've another entrepreneur here who preaches the importance of failing.

  • Empower others

Nothing great was ever achieved by one single person. To build a long lasting & impactful business, you need to empower your team. Give them authority. Give them responsibility. Give them freedom.

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That's how creativity fosters in an organization. Gates was known for his delegation style of leadership which isn't possible without empowering others.

  • Learn from your unhappy customers

Bill Gates always advised his team to learn from Microsoft's unhappy customers. Take their feedback & improve the product.

Simple advice. But, most of us don't follow this. Do we? We, as business owners, tend to disagree with our unhappy customers or simply ignore them. Don't do that. Start talking to your unhappy customers & they'll show you what's wrong with your product or service.

  • Don't underestimate change

Change is an inevitable part of any business. We need to constantly evolve our product based on the changing business environment.

  • Give back to the society

Bill Gates is known for his charity initiatives. Be it health, climate change, poverty or any other social issue - Gates's foundation is at the forefront of the fight.

So, naturally, Gates encourages his followers to contribute a part of their wealth towards charity. Look, life isn't just about money & business. There's no better feeling than having uplift someone's life. Right?.

4. Warren Buffett

Warren Buffet is one of the most successful investors of our time. With a net worth of $82 billion, he is at the number 3 spot on this list. He owns Berkshire Hathaway which owns more than 60 companies including Geico & Duracell. He has pledged to donate 99% of his wealth towards charities.

5. Bernard Arnault

Bernard Arnault is the chairman & CEO of the fashion conglomerate LVMH, the world’s largest luxury-goods company. With a net worth of $76 billion, he also happens to be Europe’s richest person. LVMH has more than 70+ brands under its belt.

6. Amancio Ortega

Amancio Ortega is the co-founder of Inditex which runs the popular fashion chain Zara. With a net worth $63 billion he is at number 6 on this list. Inditex has 8 brands & operates more than a whopping 7,500 stores across the world.

7. Larry Ellison

Larry Ellison is the co-founder of the software company Oracle. With a net worth of $62 billion, he is at #7 on this list. Oracle is mainly in CRM databases. And, with its recent acquisition of NetSuite, it took a giant leap in cloud computing.

8. Mark Zuckerberg

Mark Zuckerberg is the famous co-founder & CEO of the social network Facebook. With a net worth of $62 billion, he is 8th on this list (also the youngest). Since its inception in 2004, Facebook has grown leaps & bounds. Recently, Facebook acquired social network & messenger apps called Instagram & WhatsApp respectively. Zuckerberg has pledged to donate 99% of his Facebook holdings towards charity.

9. Michael Bloomberg

Michael Bloomberg is the co-founder & CEO of the media giant Bloomberg. As you may be aware, Bloomberg is also a financial services & software company. With a net worth of $ 55 billion, he is at #9 on this list of richest entrepreneurs. He is also a member of ‘The Giving Pledge’ where he has pledged to give away half of his wealth as charity.

10. Larry Page

Larry Page is the co-founder & CEO of Alphabet Inc., the holding company of Google. Apart from being the world’s largest search engine, Google also runs a bunch of popular digital services like YouTube, Maps, Drive, Cloud, Gmail etc. Alphabet is also taking various innovative initiatives in health & smart home appliances sectors. With a net worth of $ 50 billion, he is at #10 on this list.

Conclusion

I believe money isn’t the correct parameter to judge if an entrepreneur (or for that matter even a person) is rich.

At the end of the day what matters is the impact, the social impact.

Anyways, the objective of this post was to list the names of billionaire entrepreneurs in monetary terms.

Further recommended read:

(Video) The 10 Industries That Mint The Most Billionaires 2022 | Forbes

  • Best Entrepreneur Motivation Speech (Video) By Arnold Schwarzenegger
  • The Chinese Bamboo Tree: A Lesson For Entrepreneurs
  • Unique Online Business Ideas To Make $ 5000 A Month

FAQs

Who is the top 10 richest person in the world 2022? ›

List of 20 Richest Person in the world 2022
PersonNet worth (Billion Dollars)Company/Country
1. Elon R Musk$250.2Tesla/ United States
2. Bernard Arnault & Family$158LVMH/ France
3. Jeff Bezos$153Amazon/ United States
4. Gautam Adani & Family$146Infrastructure,commodities/India
16 more rows
28 Sept 2022

Who is world No 1 entrepreneur? ›

1. Bill Gates: co-founder of Microsoft. Bill Gates is famous entrepreneur in the world and the co-founder of Microsoft, one of the largest software companies in the world. He is also one of the richest men in the world, with a net worth of over $80 billion.

What entrepreneurs are most successful? ›

The following are the top five most successful American entrepreneurs in terms of world impact.
  1. Andrew Carnegie. Andrew Carnegie was an American entrepreneur who actually immigrated from Scotland. ...
  2. Henry Ford. ...
  3. Oprah Winfrey. ...
  4. Bill Gates. ...
  5. Larry Page.

How can I become a billionaire by 25? ›

Starting at 18, when you graduate high school, means you would need to earn $391 per day to make it to $1 million by age 25. What about if you don't start until you graduate college? Then you need to earn $685 per day, assuming you graduate at 22 years old, to become a millionaire by 25.

Who is the richest man or woman in the world 2022? ›

Elon Musk is at the top of the list with a net worth of $273.5 billion. India's Gautam Adani attained second position in the list with a net worth of $155.5 billion on Forbes' Real-Time billionaire rankings, but immediately came down to the third spot with a fall in the share prices.

Who is the wealthiest family in the world 2022? ›

For the fourth year in a row, the Waltons top the list of the world's richest families with a net worth of $224.5 billion.

Who is the 2nd richest person in the world 2022? ›

By India Today Web Desk: Adani Group's chairperson and billionaire Gautam Adani surpassed Amazon's Jeff Bezos to become the world's second richest man. Adani's net worth is estimated to be around $155.7 billion up by $5.5 billion, according to Forbes real-time Billionaires list.

What are the top 10 successful businesses? ›

Top 10 most successful businesses to start
  • Social media management. ...
  • Cleaning service. ...
  • Business consulting. ...
  • Copywriting. ...
  • Graphic design. ...
  • Real estate brokers. ...
  • Online courses. ...
  • Pet services. For those who love our furry friends, starting a pet service business may sound like a dream job.
4 Mar 2022

Who is a successful entrepreneur and why? ›

A successful entrepreneur always has a strong sense of self-confidence and a healthy opinion of their skills and abilities. Their personality is assertive and strong. They are always focused and do not really dilly dally with the issues at hand. This is what makes them different from the rest.

What entrepreneur should learn? ›

A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize. An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill. Growing a business requires a sound strategy based on inherent business sense and skills.

How do I start a business with nothing? ›

How to Start a Startup
  1. Make a business plan.
  2. Secure funding.
  3. Surround yourself with the right people.
  4. Follow the right legal procedures.
  5. Establish a location.
  6. Develop a marketing plan.
  7. Build your customer base.
  8. Plan to change.

How do most successful entrepreneurs start? ›

Most entrepreneurs start their business after years of experience working for someone else. There's nothing wrong with asking for help when you need it or turning to a mentor for advice, but you also have to learn to trust yourself and your own judgment without input from others.

Who are three successful entrepreneurs? ›

10 Most Successful Entrepreneurs (And What to Learn from Them)
  • Bill Gates: Keep Learning and Exploring. ...
  • Elon Musk: Never Stop Innovating. ...
  • Richard Branson: Develop People First. ...
  • Jeff Bezos: A Relentless Focus on Customer Satisfaction. ...
  • Mark Zuckerberg: Start Small, Think Big. ...
  • Steve Jobs: Live Your Own Dreams.

What are the 5 habits of millionaires? ›

Here are some of the most valuable takeaways I learned from my research.
  • Millionaires take their time. ...
  • Millionaires love what they do. ...
  • Millionaires are always learning. ...
  • Millionaires prioritize their health. ...
  • Millionaires invest in their communities and mentor others. ...
  • Millionaires are frugal. ...
  • Millionaires like to plan ahead.
25 Aug 2022

What jobs can make you millionaire? ›

Jobs that better your chances of becoming a millionaire
  • Professional athlete.
  • Investment banker.
  • Entrepreneur.
  • Lawyer.
  • Certified public accountant.
  • Insurance agent.
  • Engineer.
  • Real estate agent.

Which jobs can make you a billionaire? ›

  • Engineering. Coming in at the top is engineering - which might surprise you, but the scope of engineering is huge and widening all of the time. ...
  • Economics / Finance. ...
  • Politics. ...
  • Mathematics. ...
  • Computer Science. ...
  • Law. ...
  • MBA.
5 Sept 2022

How can I get rich in 5 years? ›

How to become wealthy in 5 years: 14 strategies
  1. Become Financially Literate Through Self-Education.
  2. Spend Less, Earn More, Invest the Difference.
  3. Do Something You Love.
  4. Invest in Properties.
  5. Build a Portfolio of Stocks and Shares.
  6. Focus on Contemporary Areas of Growth.
  7. Be An Innovator.
  8. Do Quarterly Goals & Reports.
3 days ago

How can I become a millionaire in 5 years? ›

9 Steps To Become a Millionaire in 5 Years (or Less)
  1. Create a Plan.
  2. Employer Contributions.
  3. Ask for a Raise.
  4. Save.
  5. Income Streams.
  6. Eliminate Debt.
  7. Invest.
  8. Improve Your Skills.
5 Sept 2022

How can I become rich and successful? ›

  1. Add Value. Something many self-made wealthy people have in common is that they are valuable in specific ways. ...
  2. Tax Yourself. The concept of saving money is not a new one. ...
  3. Create a Plan and Follow It. ...
  4. Invest. ...
  5. Start a Business. ...
  6. Be Grateful. ...
  7. Develop Patience. ...
  8. Educate Yourself.
14 Dec 2021

Who is the richest boy in the world? ›

Princess Charlotte of Cambridge

Princess Charlotte of Cambridge is the richest kid in the world with an estimated net worth of $5 billion. Her brother Prince George might one day get the throne, however, the title of the richest kid in the world as of today is with Princess Charlotte of Cambridge.

How many female BILLIONAIRES in world? ›

There were 328 women listed on the world's billionaires as of 17 March 2021, up from 241 in March 2020. Since 2021, Francoise Bettencourt Meyers is listed as the world's wealthiest woman.
...
2021 list.
NameFrançoise Bettencourt Meyers
Net worth US$ (billions)73.6
CitizenshipFrance
SourceL'Oréal
World rank12
9 more columns

Who is the richest actress in the world? ›

What is this? As of October 2022, Mary-Kate and Ashley Olsen's net worth is estimated to be roughly $300 million, making them the richest actresses in the world.

Which is the richest royal family? ›

The Royal Family Of Saudi Arabia

Saudi Arabia has been ruled by the House of Saud since 1744. The family's net worth is about $1.4 trillion. The present ruler, King Salman Al Saud is reportedly the richest member of the family.

What is the name of the richest family? ›

The Walton family is the richest family in the world. If you've bought even a pair of socks at Walmart, you have in a small way increased the massive, massive fortune amassed by the Walton family.

How most millionaires made their money? ›

According to a study published in 2019 by Wealthx, here's the breakdown of millionaires with at least $30m in net worth: 67.7% are self-made. 23.7% made their money from a combination of their own efforts and inheritance. 8.5% inherited their wealth entirely.

Who are the 10 most richest person in the world? ›

Today's Winners and Losers
  • $2.8 B. Warren Buffett.
  • $2.6 B. Mukesh Ambani.
  • $2.3 B. Larry Ellison.
  • $2.1 B. Larry Page.
  • $2 B. Sergey Brin.

Why is Elon Musk so rich? ›

Mr. Musk walked away with $22 million at the age of 27. After spending $1 million on a McLaren sports car, he rolled the rest into his next startup, X.com, later named PayPal. It was sold to eBay for $1.4 billion in 2002. Mr. Musk collected more than $100 million from the deal at the age of 31.

Are there Trillionaires? ›

As of today, there are no trillionaires who live on earth. It is definitely not Elon Musk or Jeff Bezos. Such extreme wealth we dont see in our lifetime. Believe it or not it is an unbelievable wealth.

What is the highest paid entrepreneur? ›

Profile of Fintech entrepreneur Nadeem Siam, co-founder at Fund Ourselves
  • 1 1. Bill Gates – $88.8 billion.
  • 2 2. Jeff Bezos – $84.3 billion.
  • 3 3. Warren Buffet – $80.5 billion.
  • 4 4. Amancio Ortega – $78.5 billion.
  • 5 5. Mark Zuckerberg – $71.7 billion.
  • 6 6. Carlos Slim – $67.9 billion.
  • 7 7. Larry Ellison – $59.1 billion.
  • 8 8/9.

Is Elon Musk an entrepreneur? ›

Entrepreneur Elon Musk has achieved global fame as the chief executive (CEO) of electric autos maker Tesla Inc. (TSLA) and CEO of the private space company SpaceX. Musk co-founded PayPal (PYPL), was an early investor in several tech companies, and in April 2022 he began negotiations for a deal to take Twitter Inc.

Is Elon Musk an entrepreneur or businessman? ›

Elon Musk is a South African-born American entrepreneur and businessman who founded X.com in 1999 (which later became PayPal), SpaceX in 2002 and Tesla Motors in 2003. Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers.

What are the top 10 successful businesses? ›

Top 10 most successful businesses to start
  • Social media management. ...
  • Cleaning service. ...
  • Business consulting. ...
  • Copywriting. ...
  • Graphic design. ...
  • Real estate brokers. ...
  • Online courses. ...
  • Pet services. For those who love our furry friends, starting a pet service business may sound like a dream job.
4 Mar 2022

What type of business makes most money? ›

Most Profitable Business Ideas
  • Business Consulting. If you're an expert in your industry and have been working at it for years, you should consider consulting. ...
  • IT Support, Technology Consulting, and Repair. ...
  • Cleaning Services. ...
  • Accounting and Tax Preparation. ...
  • Auto Repair. ...
  • Real Estate. ...
  • Online courses. ...
  • Marketing and PR Services.

Who is the youngest successful entrepreneur? ›

Possibly one of the most famous and accomplished young entrepreneurs is Mark Zuckerberg, who at 19 co-founded Facebook (now Meta). Also topping the charts is Dustin Moskovitz, co-founder of Facebook; and Evan Spiegel and Bobby Murphy, co-founders of Snapchat.

What business make lots of money? ›

  • Financial Services.
  • Eldercare.
  • Business Consultancy.
  • Investment Firm.
  • Education and Training Service.
  • Insurtech.
  • Cleaning Business.
  • Healthcare Consultancy.
11 May 2022

What is Elon Musk's IQ? ›

IQ 155. Elon Musk IQ, which is reported to be 155 IQ, is one of the most intriguing aspects because there is no official evidence proving the precise amount.

What phone does Elon Musk use? ›

Elon Musk Just RELEASED The Tesla Phone! (RIP iPhones) - YouTube

Who is the greatest businessman in the world? ›

  • Who Are the 10 Greatest Entrepreneurs?
  • John D. Rockefeller.
  • Andrew Carnegie.
  • Thomas Edison.
  • Henry Ford.
  • Charles Merrill.
  • Sam Walton.
  • Charles Schwab.

Does Elon own PayPal? ›

In 2002, PayPal was acquired by eBay for $1.5 billion in stock, of which Musk—the largest shareholder with 11.72% of shares—received $175.8 million. In 2017, more than one and a half decades later, Musk purchased the X.com domain from PayPal for its sentimental value.

Why is Elon Musk so rich? ›

Mr. Musk walked away with $22 million at the age of 27. After spending $1 million on a McLaren sports car, he rolled the rest into his next startup, X.com, later named PayPal. It was sold to eBay for $1.4 billion in 2002. Mr. Musk collected more than $100 million from the deal at the age of 31.

How much does Elon Musk make a day? ›

His net worth in 2022 was calculated to be about $273 billion. This means he makes an average of $432 million per day!

How can I start my own business with no money? ›

Tips to Start a Business Without Money
  1. Establish a sole proprietorship business. You should first establish your business for it to be legally valid. ...
  2. Apply for Government Schemes. The government has launched many government schemes for startups and small businesses. ...
  3. Prepare a Business Plan. ...
  4. Sell on e-commerce platforms.
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Which business is best for beginners? ›

Best Small Business Ideas
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  5. Freelance Developer. ...
  6. Personal Trainer. ...
  7. Freelance Graphic Designer. ...
  8. Life/ Career Coach.
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