Rich People Email List

Rich People Email List – Billionaires play a major role in shaping the global economy, politics and philanthropy. Forbes puts the number of billionaires in the world at 2,668 as of 2022. The richest among them is (LVMH) co-founder and chief executive officer (CEO) Bernard Arnault, who will become the richest person in the world in 2022.

The people on this list belong to more exclusive clubs and gain more power. Many of the founders of tech giants, with the majority of their wealth still invested in the companies they founded.

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These billionaires can still borrow with that wealth to avoid selling stock, in the process of avoiding (or robbing heirs of) taxes on unrealized capital gains. Multi-millionaires can also take advantage of tax cuts to offset reported income, leaving some lists who would not have paid income tax in recent years.

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With the majority of their wealth in publicly traded stocks, the net worth of the wealthiest can fluctuate with market prices. For example, Musk sees his net worth increase in 2021, thanks to a rise in Tesla’s stock price. In 2021, Tesla stock is up almost 50%. And like a pendulum, in 2022 his net worth has fallen due to the plunge in the price of Tesla stock, of which he owns 13 percent. Musk also had to sell much of his stake in Tesla to fund the Twitter acquisition. As a result, as of December 2022, he is the second richest person in the world, after Bernard Arnault.

Likewise, Meta Platforms (Meta) founder and CEO Mark Zuckerberg dropped out of the top 10 in February 2022, when the company’s share price plummeted following a disappointing earnings report. Zuckerberg’s net worth is reported to be $47.2 billion as of January 2023.

Below are the 10 richest people on the planet, according to the Bloomberg Billionaires Index. All figures are current as of January 4, 2023, unless otherwise stated.

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French national Bernard Arnault is the chairman and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessy, Marc Jacobs, and Sephora.

Most of Arnault’s wealth comes from his large stake in Christian Dior SA, the holding company which owns 41.2% of LVMH. His stake in Christian Dior SA, in addition to his 6.2% in LVMH, is owned through his family owned company, Groupe Famille Arnault.

An engineer by training, Arnault first showed his business acumen working for his father’s construction company Ferret-Savinel, taking over the company in 1971. He sold Ferret-Savinel to Férinel Inc. in 1979. Rebranded as a real estate company.

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Arnault remained in the Fresnel chair for another six years, until he acquired and reorganized luxury goods manufacturer Financière Agache in 1984, eventually selling all of his holdings except for Christian Dior and Le Bon Marche. He was invited to invest in LVMH in 1987 and two years later became the majority shareholder, chairman of the board, and CEO of the company.

Elon Musk is the second richest person in the world. He was born in South Africa and attended university in Canada before moving to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics. Two days after enrolling in the physics graduate program at Stanford University, Musk put himself on hold to launch Zip2, the initial online navigation service. He reinvested some of the proceeds from this startup to create X.com, an online payment system that sold to eBay (EBAY) and eventually became PayPal Holdings (PYPL).

In 2004, Musk became the principal funder of Tesla Motors (now Tesla), leading to his current position as CEO of the electric vehicle company. In addition to its electric car lineup, Tesla manufactures energy storage devices, car accessories and, through its 2016 acquisition of SolarCity, solar power systems. Musk is also the CEO and Chief Engineer of Space Exploration Technologies (SpaceX), a developer of space launch rockets.

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In 2020, Tesla’s stock rose 740% to boost Musk’s stock rating. In December 2020, Tesla joined the S&P 500, becoming the largest company included. In January 2021, Musk became the richest person in the world—a title he held until December 2022, when Tesla’s stock price has plummeted throughout the year, reducing his net worth.

Musk framed the issue on November 6, 2021, asking his Twitter audience if he should sell his 10% stake in Tesla, in response to criticism of unrealized capital gains as tax evasion. He went on to sell the remaining $16.4 billion worth of shares in 2021.

US Senator Elizabeth Warren, a Massachusetts Democrat, cited media reports that Musk had not paid any income taxes for 2018 to argue for implementing a wealth tax. “And if you open your eyes for two seconds you will realize that I will pay more taxes this year than any American in history,” Musk replied on Twitter.

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Thanks to Tesla’s 2021 stock increase and SpaceX’s reported value-boosting private deals, Musk’s lead in global wealth rankings continues to grow. His net worth hit an all-time high of $340 billion in November 2021.

In April 2022, Musk launched a campaign to take Twitter private, which culminated in a $44 billion buyout. Musk plans to fund the deal with $21 billion of his own capital. Prior to the purchase announcement, Musk had sold 9.6 million shares of Tesla, valued at around $8.5 billion.

In July 2022, Musk decided to back away from buying Twitter. Twitter filed a lawsuit against Musk to force the purchase. Musk opposed the company but later backtracked and announced that he was finally ready to buy Twitter. The deal officially closed in October 2022, giving him nearly 80 percent stake in the company.

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Gautam Adani, the founder of the Adani Group, has overtaken Mukesh Ambani as the richest person in Asia in March 2022. Through his ownership of the Adani Group, Adani has major stakes in six major Indian companies, including 75% stakes in Adani Enterprises, Adani Power and Adani Transmissions, as well as a 66% stake in Adani Port and the Special Economic Zone. 61% of Adani Green Energy’s shares, and 37% of Adani Total Gas’s shares.

Adani entered the power generation market in 2009 with Adani Power. Adani formed Adani Enterprises in 1988 to import and export goods. In 1994, his company was approved to develop port facilities at Mundra Port, which is now India’s largest private port.

Adani dropped out of college and previously worked in the diamond trade. Adani is now India’s largest port operator, largest thermal coal producer and coal trader. In 2020, he purchased a 74% stake in Mumbai’s Chhatrapati Shivaji International Airport, India’s second busiest airport.

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The billionaire was kidnapped and detained for marijuana in 1997. Adani was also present at the Taj Hotel in Mumbai during the 2008 terror attacks.

While attending Harvard University in 1975, Bill Gates worked with his childhood friend Paul Allen to develop new software for the original microcomputer. Following the success of this project, Gates dropped out of Harvard during his freshman year and co-founded Microsoft with Allen.

The world’s largest software company, Microsoft, also manufactures a line of personal computers, provides e-mail services through Exchange servers, and sells video game systems and related gaming devices. Recently made a major investment in cloud services.

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Gates transitioned from company CEO to a board chair role in 2008. He joined the board of Berkshire Hathaway in 2004. He stepped down from both boards on March 13, 2020.

Bill Gates owns most of the net worth of Cascade Investment LLC. Cascade is a private investment vehicle that owns various holdings including Canadian National Railway (CNR), Deere (DE), and Republic Services (RSG), as well as private investments in real estate and energy.

In 1994, Jeff Bezos founded Amazon.com in a garage in Seattle, shortly after he stepped down from hedge fund giant DA. Shawl. He initially pitched the online bookstore idea to his former boss, David A. Shaw, who was not interested.

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Though Amazon originally started selling books, it has since grown to become a one-stop shop for everything under the sun and is expected to overtake Walmart as the world’s largest retailer by 2024. Amazon’s continued diversification pattern is evident in several unexpected expansions, including the acquisition of Whole Foods in 2017 and its entry into the pharmaceutical business the same year.

Bezos owned 16 percent of Amazon in 2019 before transferring 4 percent to ex-wife Mackenzie Scott as part of their divorce proceedings. In 2020, Amazon’s share price rose 76% due to increased demand for online shopping amid the COVID-19 pandemic. On July 5, 2021, Bezos stepped down as CEO of the e-commerce giant, becoming its executive chairman.

Bezos originally took Amazon public in 1997 and became the first person since Bill Gates in 1999 to have a net worth of more than $100 billion. Bezos’ other ventures include aerospace company Blue Origin,

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On July 20, 2021, Bezos, his brother Mark, aviation pioneer Wally Fink, and Dutch student Oliver Damon completed Blue Origin’s first successful flight, gaining an altitude of 66 miles before landing safely. Bezos’ wealth reached $211 billion in the same month.

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