The Top 20 Richest People in the World – Week of November 10-16, 2019
By Mark Taylor – Billionaire World News
Microsoft billionaire Bill Gates has once again taken over the title ‘Richest Person In the World’, or World’s Richest Person, or in his case, ‘Richest Man in the World’, overtaking Amazon founder Jeff Bezos for the well known title. As of Saturday, November 16, 2019, the Bloomberg Billionaire Index reported that Gates’ total net worth comes in at $110 billion, his highest net worth yet. His position on the list definitely has been helped by the fact that Microsoft shares are up almost an unheard of 48% this year.
Gates had taken over the title briefly last month after Bezos company Amazon reported earnings had dropped almost 28 percent for the third quarter of the year. That along with the fact that his net worth took a hit after his divorce from McKenzie earlier this year. The divorce was finalized with Mackenzie Bezos receiving 25 percent of Jeff Bezos’ stake in Amazon and launching her to one of the company’s biggest shareholders, along with the spot of #24 on the Bloomberg Billionaire Index with $35 billion. Mackenzie has publicly told of her plans to donate a sizable chunk of her money to charities like the Giving Pledge, that states the person will give the majority of their wealth to charity (philanthropic causes). And to show her intent after much public interest, she wrote in a letter, “I have a disproportionate amount of money to share. My approach to philanthropy will continue to be thoughtful. It will take time and effort and care. But I won’t wait. And I will keep at it until the safe is empty.” As Billionaire World News has said before, “She is the kind of person we like to see as a billionaire. Her values seem to be in the right place.”
Bezos himself, is ranked at #2 this week with a current net worth of $109 billion.
Bill Gates, who in 2010 created the Giving Pledge with fellow billionaire Warren Buffett, has given $38.5 billion to the Bill & Melinda Gates Foundation since 1994, and when asked about the ‘billionaire tax’ proposed by several presidential candidates, he revealed he has paid more than $10 billion in taxes thus far and would be ‘just fine’ with a higher tax percentage.
Situated in 3rd place on the index is France’s Bernard Arnault, who’s net worth continues to grow and sits at $103 billion this week. Arnault is the chairman and chief executive of LVMH. LVMH, is the world’s largest luxury-goods company, with subsidiaries Louis Vuitton, Christian Dior, Sephora, and Fendi to name a few.
Next at #4 on this weeks billionaires list is onetime former #2 position holder, Warren Buffett, the great-spirited powerhouse investor behind Berkshire Hathaway, and currently worth $86.6 billion. Berkshire Hathaway Inc. is an American multinational conglomerate holding company behind many nationally known brands.
Rounding out the top 5 at #5 is Facebook’s Mark Zuckerberg. Zuckerberg, who has a current net worth of $74.5 billion, could see his worth go up or down at the drop of a hat as his social media empire continues to go through constant changes, again, both up and down.
And finally a side note to ALL billionaires. No one person needs more than a billion dollars. Instead of trying to make more money and using up our few natural resources left, let’s please take care of and find solutions for our current problems before we think of new things with new problems. The problems we have created to the natural world need to be fixed or helped NOW, if they aren’t, all other problems are meaningless, as the world will be too far gone to fix, and life will cease to exist as we know it.