Job & Salaries

Musicians – The World’s Highest Earners

Published

6 mins ago

April 18, 2024

Daniel Wanburg

Gone are the days when the number of albums(LPs), extended plays(EPs) or singles contributed the most to a musician’s earnings; even CDs, DVDs and videos have now paled into insignificance, largely as a consequence of the availability on-line of almost any release, most at effectively knock-down prices, and even free. Music writing has also fallen by the wayside in terms of earning capacity – well, at some point the scripts need to be turned into actual music, and then … read above!

So, how do modern musicians build their net worth? In some ways, the music world has gone back to square one – before the modern era of electronics, the only way musicians could earn their money was by personal appearance, in front of a live audience, and so it is today. Of course TV appearances also contribute somewhat, but the majority of a musician’s income now is from concert tours or, for a few, lengthy contracts in such places as a Las Vegas casino, but those artists tend to be performers who have been around for some time and are well regarded by public and promoters alike. One other big contributor is endorsements: a wide variety of companies now use high-flying musicians to boost their sales, probably boosting the artist too by increased exposure.

The following is a list of the top 20 musicians, by income, over the most recent year for which figures are available – mid-2014 to mid-2015. Maybe you can guess who is at the top of the list, but possibly not – as always, there are a few surprises when such lists are compiled, in this one because there are several ‘oldies-but-goodies’ in there – age is certainly no barrier if you are still good enough! Worth noting is that last year’s No 1., Dr. Dre is at No 30 this year – not even he could repeat the sale of Beats, which brought him $620 million in one hit(!). All artists are American unless identified otherwise.

The count includes gross income from all sources – concerts, album and single sales, publishing, endorsements, and any other business ventures as mentioned below, before any deductions.

20. Luke Bryan – $42.5 million

[one_half][/one_half][one_half_last]“I See You” and “Roller Coaster” both made No. 1 on the Country Airplay Charts during the scoring period – most songs being self-written helps his bank balance too. Bryan’s income also encompasses earnings from touring, and through endorsement agreements with outdoors merchandising brand Cabela’s, and Miller Lite.[/one_half_last]

19. Jason Aldean – $43.5 million

[one_half][/one_half][one_half_last]The 38-year-old’s rock-heavy live shows contributed most to his bank balance this year, accumulating much more than supposedly higher-ranking stars such as Kenny Chesney and Tim McGraw, but he was also the only country singer to achieve platinum-sales status with an album in 2014. He also has an interest in Tidal, Jay Z’s new streaming service, which may prove beneficial.[/one_half_last]

18. Michael Buble – $45.5 million

[one_half][/one_half][one_half_last]The Italian-Canadian confirms that appearances are paramount, his 71 shows during his To Be Loved tour being the major contributor to his earnings for the year. Appearances on TV also contributed, including on the perennial Sesame Street, and hosting his 4th Annual Christmas Special for NBC

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17. Paul McCartney – $51.5 million

[one_half][/one_half][one_half_last]One of two knights – ‘sirs’ – on the list, the number of concert performances by Sir Paul over the year shows that age – he is now 73 years-old – is no barrier to continued success for this British music legend. Clearly enjoying collaborations with such artists as Kanye West and Rihanna – “FourFiveSeconds”, these contribute to both live and recorded exposure for the legendary original Beatle. Additionally, he has many business interests, including in Apple, a music catalogue of 25,000 songs, and others through his holding company MPL Communications.[/one_half_last]

16. Toby Keith – $53 million

[one_half][/one_half][one_half_last]I Love This Bar & Grill, Wild Shot Mezcal and an enduring endorsement deal with the Ford motor company confirm the importance of widespread business activity for musicians these days. The previous year’s cash king of country performed just 29 shows in the period, but still earned more than any other country musician except Garth Brooks. Of course founding his own record label also helps![/one_half_last]

15. Elton John – $53.5 million

[one_half][/one_half][one_half_last]The slightly higher-ranked ‘Sir’ – but slightly younger (68 years) – played 94 shows, and obviously loves performing around the world still, with ticket sales plus on-going royalties from his work as a solo artist and composer maintaining his earnings. Written theatrical productions such as “The Lion King’ also keep audiences happily contributing to his net worth.[/one_half_last]

14. Beyoncé – $54.5 million

[one_half][/one_half][one_half_last]The success of the previous year’s “Drunk In Love” wasn’t quite repeated, but winning three Grammy awards helped maintain the singer’s earnings at a very respectable level, boosted by the summer’s 19-show On The Run tour with husband Jay Z, which raked in over $100 million. Endorsements with companies including Pepsi and Tommy Hilfiger also contribute to her earnings and overall net worth. [/one_half_last]

13. Jay-Z – $56 million

[one_half][/one_half][one_half_last]Playing a total of 22 shows with wife Beyoncé helped the multi-faceted musician’s earnings considerably, but so did a wide range of other successful ventures, including Armand de Brignac champagne, and more importantly his entertainment company Roc Nation. His new streaming service, Tidal, may also yet prove a winner.[/one_half_last]

12. Ed Sheeran – $57 million

[one_half][/one_half][one_half_last]This British singer-songwriter is one of a few artists who still earns significantly from recorded music, however, he performed in 154 shows in the period – seven times more than The Rolling Stones, below – the most of any musician on the list. His collaborations with other artists including Taylor Swift also did his image and earning capacity no harm.Launching his own record label was a little late to be included in the survey period.[/one_half_last]

11. The Rolling Stones – $57.5 million

[one_half][/one_half][one_half_last]Their Zip Codes tour of just 22 shows contributed hugely to The Stones success this year, mainly because of the capacity of the venues. Still, that the group continues to attract such audiences after more than 50 years ‘on the road’ is a tribute their popularity, maintaining their status as a top-earning act after a half-century together thanks to their on-going appeal which apparently crosses any generation divide.[/one_half_last]

10. Lady Gaga – $59 million

[one_half][/one_half][one_half_last]The last decade has disappeared, somewhere – that is how long the Queen Monster has been at the top of the music industry, partly due to what have been described as ‘over-the-top’ performances, plus somewhat spectacular fashion statements on stage. Gaga performed 66 shows over the period, but also continues to profit from her own Fame fragrance, and from contracts with Versace and MAC.[/one_half_last]

9. Fleetwood Mac – $59.5 million

[one_half][/one_half][one_half_last]The UK-American group endures after more than 40 years together at the top, their popularity evidenced by out-scoring all other artists with ticket prices of over $300 – reputedly the highest of any music act during the survey period – during their 2015 On With The Show tour of 86 concerts, but a sell-out at all venues. Despite their supposed peak of popularity being 20 years ago, Fleetwood Mac still has audiences rocking – and are clearly still making millions.[/one_half_last]

8. Diddy (Sean Combs) – $60 million

[one_half][/one_half][one_half_last]Diddy is one of the artists who doesn’t favour touring, live performances very much, but who demonstrates the value of having considerable interests in other businesses. These include a hugely lucrative deal with Diageo’s Ciroc vodka that makes up a considerable proportion of his income, TV network Revolt, water brand Aquahydrate, clothing line Sean John, and DeLeon tequila.[/one_half_last]

7. Justin Timberlake – $63.5 million

[one_half][/one_half][one_half_last]Timberlake is now an actor, but as a solo singer he accumulated a significant amount from 59 tour dates, a far cry from his time with NSYNC. However, he is also one of those artists wise enough not to have all his eggs in one basket – or maybe anticipating a future beyond entertainment – and now earns considerable amounts from endorsements with Sony, Bud Light, and from his own Sauza tequila.[/one_half_last]

6. Calvin Harris – $66 million

[one_half][/one_half][one_half_last]DJ fees of over $100,000, plus contracts with such as Giorgio Armani, have ensured the Scottish-born DJ’s position on the list. Of course, being linked with Taylor Swift also made headlines – they are now rated the highest-paid couple in the business, but Calvin still has to continue to produce the goods as part of the relationship![/one_half_last]

5. The Eagles – $73.5 million

[one_half][/one_half][one_half_last]The passing of founding member and power behind the iconic group Glenn Frey may see the end of the road for this classic rock band, but The Eagles were very much alive, and constantly touring during the survey period. They performed 57 shows on their History of the Eagles tour, which certainly helped keep them in the top five earning musicians, ahead of younger, but maybe less proficient competition.[/one_half_last]

4. Taylor Swift – $80 million

[one_half][/one_half][one_half_last]Earning over $4 million per city on her 1989 Tour goes a long way to explaining Taylor’s ranking, but her single – 1989 – is still selling and heading towards four million in less than a year. She also has a chart-topper with her follow-up single “Wildest Dreams”, so clearly she doesn’t rest on her laurels. We may well see her a spot or three higher on our next list, with or without the assistance of Calvin Harris, but continuing to collaborate with the likes of Paul McCartney and Madonna should certainly help, as should endorsements with companies which have included Target, WalMart, AirAsia, Qantas and Diet Coke. [/one_half_last]

3. Garth Brooks – $90 million

[one_half][/one_half][one_half_last]Another artist who loves touring – he came out of supposed retirement to embark on his latest – Garth’s earnings from his country music concerts have been topping well over $1 million in every city, many needing two concerts per venue such is his continued popularity and the demand for tickets. He shows no signs of another ‘retirement’ yet, so may well make another appearance on this list as well, next survey period. Ghost Tunes, his on-line music store, also helps contribute to his regular earnings.[/one_half_last]

2. One Direction – $130 million

[one_half][/one_half][one_half_last]Somewhat surprisingly, the boy band is the top-earning band of any sort during this survey period. Of course, they performed 74 dates during our scoring period, more than three times the number of The Stones for just over double the income. However, they are yet to embark on significant endorsement contracts, or other ventures outside the music industry, so their potential in that area is still untouched; stand-by for updates![/one_half_last]

1. Katy Perry – $135 million

[one_half][/one_half][one_half_last]Of ‘celebrities’, only boxers Floyd Mayweather and Manny Pacquiao earned more than the “Roar” singer over the period. Katy is clearly the highest-paid musician of the past year – solo at that – pulling-in over $2 million per venue during her Prismatic World Tour. She is also reputed to draw more followers on Twitter than any other artist; apparently sex-appeal also has something to do with that, plus a series of perfume releases![/one_half_last]

Daniel Wanburg

As the Managing Editor at Net Worth Post, I lead a talented team in delivering compelling content on the lives and achievements of influential figures. With a keen eye for detail and a passion for storytelling, I oversee the production of insightful biographies that resonate with our audience. My role involves not only managing the editorial process but also conducting research, crafting engaging narratives, and ensuring the accuracy and quality of our publications. At NetWorthPost, we strive to provide our readers with in-depth profiles that offer valuable insights into the worlds of business, entertainment, and beyond. Through meticulous research and captivating storytelling, we bring to light the remarkable journeys and successes of individuals who inspire and captivate us.

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Companies & Businesses

The World’s Richest Self-Made Women Billionaires

Published

6 mins ago

April 18, 2024

Daniel Wanburg

Contrary to popular belief, around three-quarters of today’s billionaires are actually self-made, and the percentage is growing, a complete reversal of the situation 50 years ago when statistics were first gathered, and proof if any were needed that hard work outweighs inherited wealth everytime. To put it another way, to maintain your net worth, you need to move with the times, not just leave your money in the bank, so to speak – interest earns you little at the moment anyway. In fact, the actual number of billionaires who inherited their total wealth fell by 75% in that period – in raw figures, around 75 are no longer billionaires.

However, perhaps unsurprisingly given that, until relatively recently, ‘the woman’s place was in the home’ even in western societies, the number of self-made women billionaires barely reaches double figures, and the richest doesn’t rank in the top 300. Surprisingly though, given cultural perceptions prevalent around the world, four of the top ten self-made women billionaires are Chinese including the richest, and three are currently resident in China. The rest are American.

The following is a list of the top 10 self-made women billionaires in the world, as of early 2016. Co-founders have not been included unless the company or organisation where they made their start was at zero. This is a snap-shot, as you would be aware that figures can change very rapidly when based on share market valuations.

Table of Contents

10. Sara Blakely – $1 billion

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Born: 27 February 1971, Clearwater, Florida, USA
Nationality: American
Residence: Atlanta, Georgia
Start in Business: 2000

With savings earned from previous jobs, Sara founded the hosiery company Spanx in 2000, partly out of personal need, registering patents too. Major stores soon took up her products, an endorsement from Oprah Winfrey helped, and Sara subsequently made her first billion in a little over 10 years. She is now also part owner of the Atlanta Hawks NBA team.

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9. Tory Burch – $1.05 billion

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Vanity Fair Party - 2013 Tribeca Film Festival

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Born: 17 June 1966, Valley Forge, Pennsylvania, USA
Nationality: American
Residence: New York City
Start in Business: 2004

Tory worked directly in fashion for such as Polo Ralph Lauren and for the fashion magazine Harpers Bazaar before launching her own designs. Oprah Winfrey was also delighted to endorse her, and she now has 160 Tory Burch stores worldwide, as well as merchandising through over 3,000 department stores. Several fashion awards have also come her way, and Forbes ranks her in the top 100 most powerful women in the world!

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8. Sheryl Sandberg – $1.7 billion

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Born: 28 August 1969, Washington DC, USA
Nationality: American
Residence: Menlo Park, California
Start in Business: 1995

Sheryl has been in management in one form or another all her working life, and is now the COO for Facebook which she joined in 2008. She is credited with developing the formal business side of Facebook, which has since seen it become one of the most profitable companies in the world, and herself a genuinely self-made billionaire from her efforts within the company. Her share options as part of salary should see her become very rich indeed within a few years.

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7. Meg Whitman – $2.1 billion

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Image:Hewlett Packard CEO and President Meg Whitman

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Born: 4 August 1956, Cold Spring Harbour, New York State, USA
Nationality: American
Residence: Palo Alto, California
Start in Business: 1979

Meg has worked for Proctor and Gamble, Bain & Company and the Walt Disney organisation – becoming vice-president in both – then for Stride Right, before becoming CEO of Florists’ Transworld Delivery. She subsequently joined eBay as CEO, overseeing its rise to power over 10 years. Currently she has been CEO of HP since 2011, apparently not so successfully, but her previous track record has seen her wealth deservedly grow to its present impressive level.

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6. Xiu Li Hawken – $2.2 billion

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Born: 1962, Harbin, China
Nationality: Chinese
Residence: London, England
Start in Business: 1991

Xiu Li began as a journalist before moving into finance, she is the majority shareholder in Renhe Commercial Holdings which she joined in 1996, subsequently developing and operating malls across 15 Chinese cities. She has other investments in agriculture in China, but currently lives with her husband in London.

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5. Oprah Winfrey – $3 billion

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Born: 29 January 1954, Kosciusko, Mississippi, USA
Nationality: American
Residence: Montecito, California
Start in Business: 1971

Always being a good talker, but orator as well, Oprah began her career on TV at the age of 17, and the rest is a history of one of the most successful talk show hosts of all time in the USA. Her own show began airing in 1986, and was ever popular until she retired in 2011. She was a millionaire at 32, and a billionaire at 35, with yearly earnings approaching $300 million, all of which was very rare for an Afro-American woman, which makes her achievements all the more laudable.

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4. Zhang Xin – $3.7 billion

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[/one_half][one_half_last]

Born: 24 August 1965, Beijing, China
Nationality: Chinese
Residence: Beijing, China
Start in Business: 1992

Following scraping a living in Hong Kong to save enough for an education in the UK – eventually Master of Economics from Cambridge University – Zhang Xin was hired by Barings in Hong Kong, then by Goldman Sachs in New York, before returning to Beijing and founding SOHO. The company is now the largest developer of office buildings in Shanghai and Beijing, testimony to the clever, hard work of this lady who began with nothing, and now with her husband being described by London’s Times newspaper as ‘.. the most visible and flamboyant tycoons in China’.

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3. Wu Yajun – $4.2 billion

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Born: 1964, Chongqing, China
Nationality: Chinese
Residence: Beijing, China
Start in Business: 1984

A foundation in government administration, and cultivating business contacts enabled Wu with her husband to register what became Longfor Properties, in 1995. This investment holding company has interests across the major cities of China, in real estate, property development and management, with market capital approaching $9 billion, and almost 8,000 employees.

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2. Elizabeth Holmes – $4.7 billion

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Born: 3 February 1984, Washington DC, USA
Nationality: American
Residence: Palo Alto, California
Start in Business: 2003

Elizabeth’s yearning to ‘…discover something new…’ led her to a research project developing a blood-testing device using only a stick, not a vial of blood. There is still considerable discussion over the validity of the testing procedures, but in the meantime Elizabeth has around 20 US and over 60 non-US patents registered to her name, and her current wealth in early 2016 is estimated at half her company, Theranos’ value of over $9 billion.

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1. Yang Huiyan – $5.1 billion

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Born: 20 July 1981, Guangdong, China
Nationality: Chinese
Residence: Foshan, China

The richest woman in Asia and youngest female billionaire, a relatively small gift from her father when she turned 25 has seen her invest heavily in real estate, through her majority share in Country Garden Holdings, but recent downturns in the Chinese economy have seen her wealth dwindle in the last few years. However, she is just 34, and informed speculation is that the Chinese economy still has a long way to go in its expansion.

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Billionaires

The World’s Richest Self-Made Billionaires

Published

6 mins ago

April 18, 2024

Daniel Wanburg

History is full of people who were self-made, becoming rich by fair means or foul – in many cases the latter – but the assumption today is that people with, to most of us, such a huge sum of money must have had a leg-up somehow; not so – research and development of, and demand for technological accessories is one big reason, world wide, so IT features prominently in the list. Since around 80% of billionaires are actually self-made, what are the rest of us waiting for!?

The following list comprises the richest in the self-made club, a snap-shot as of early 2016, acknowledging that the day-to-day volatility of share markets can have a significant effect on total wealth and therefore ranking; eg Mark Zuckerberg apparently gained over $6 billion on 27 January alone, while Carlos Slim went the other way! Perhaps unsurprisingly, 12 who make the list are either American-born or now American citizens, and no women make the top 20!

20. Phil Knight: $22 billion

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Born: 28 February 1938, Portland, Oregon, USA
Nationality: American
Residence: La Quinta, California
Start in Business: 1962

Quickly switching from marketing Tiger sports-shoes to founding Nike in 1964, Phil ‘retired’ as CEO in 2006 to become Chairman until 2015 of one of the most profitable companies in the world. However, concurrently he became immersed in Laika (previously Vinto Studios), firstly as an investor and then CEO and Chairman, turning it into a successful film-making company today.

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19. Steve Ballmer: $22.5 billion

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Born: 24 March 1956, Detroit, Michigan USA
Nationality: American
Residence: Washington State
Start in Business: 1978

To identify the source of Steve’s wealth, one only has to say that Steve was the very successful CEO of Microsoft from 2000-14, and remains the largest shareholder. However, he is still improving his net worth as the owner of the Los Angeles Clippers NBA team, which also enables him to indulge in his keen interest.

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18. Carl Ichan: $23 billion

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Born: 16 February 1936, Queens, New York City, USA
Nationality: American
Residence: New York City
Start in Business: 1961

Carl began work as a ground-floor stockbroker, formed securities firm Icahn & Co in 1968, and subsequently Icahn Enterprises in 1987. He controls significant investments across many industries, including in Apple the value of which rose $8 billion in one day just from an Icahn comment! Other interests include PayPal, Xerox, and holding company Gannett. However, resource price declines saw Icahn’s wealth slip somewhat in 2015.

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17. Leonardo Del Vecchio: $23.5 billion

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Born: 22 May 1935, Milan, Italy
Nationality: Italian
Residence: Milan, Italy
Start in Business: 1961

Versace, Burberry, Prada, Ray-Ban, Oakley and Sunglass Hut are just a few of the brands owned by Leonardo through Luxottica, founded in 1961 and which has become the world’s biggest eye-wear retailer, and of which he is still chairman. Considering that he was effectively orphaned, and began work at the bottom as a tool-making apprentice, Del Vecchio is an outstanding example of the self-made billionaire.

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16. George Soros: $25 billion

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Born: 12 August 1930, Budapest, Hungary
Nationality: dual Hungarian-American
Residence: Bedford, New York State
Start in Business: 1954

A (Jewish) refugee with virtually nothing after the Battle of Budapest in 1945; graduating with a PhD from the London School of Economics – the leading ‘producer’ of billionaires in the UK – while working at any jobs he could get; securing a position in the London finance industry; moving to the USA in 1956; subsequently founding Soros Fund Management in 1970; becoming a billionaire by 1980; a real ‘rags-to-riches’ story. Along with Warren Buffett, he is recognised as an extremely knowledgeable investor, even ‘breaking the Bank of England’ through currency speculation in 1992.

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15. Sheldon Adelson: $26 billion

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Born: 4 August 1933, Dorchester, Massachusetts, USA
Nationality: American
Residence: Boston, Massachusetts
Start in Business: 1979

Sheldon is still the CEO and chairman of his beloved Las Vegas Sands casino, plus owning casinos in Singapore and Macao. Not bad for a youngster who started by borrowing a couple of hundred dollars from an uncle to buy a newspaper round when he was just 12 years old. He moved up to candy-machines when he was 16, and has seldom looked back, although not all of his 50-plus businesses have proved as successful as his current interest.

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14. Jack Ma: $27 billion

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Born: 10 September 1964, Hangzhou, China
Nationality: Chinese
Residence: Hong Kong/Hangzhou
Start in Business: 1995

Visiting the USA in the mid-90s, Jack Ma was astounded to find virtually no information about China anywhere on the internet. He scraped together $20,000 and began developing web sites for Chinese companies – the beginning of the Alibaba group, and the start of his road to becoming the richest man in China. There are now nine companies under the Alibaba umbrella, which raised $25 billion, the largest amount ever, at its IPO on the New York Stock Exchange in 2014. Jack now serves as the chairman.

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14. Jorge Paulo Lemann: $27 billion

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Born: 26 August 1938, Rio de Janeiro, Brazil
Nationality: dual Swiss-Brazilian
Residence: Rapperswil-Jona, Switzerland
Start in Business: 1966

Although beginning his working life with Credit-Suisse as a trainee, such companies as Burger King, Anheuser-Busch and Tom Horton’s, as well as a large stake in Kraft-Heinz through 3G Capital are now the bases of Lemann’s wealth. His financial background has helped Jorge survive several reverses in the business and financial world, and maintain his position as the richest (half-) Brazilian.

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12. Lee Shau-kee: $28 billion

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Born: 29 January 1928, Shunde District, Guangdong, China
Nationality: Chinese
Residence: Hong Kong
Start in Business: 1950s

Lee was wise enough to move to Hong Kong before the communists took over in mainland China, and becoming involved in real estate in a place where land is in short supply was an even smarter move. Today he is chairman and MD of Henderson Land Development Company which he founded in 1973, but also has interests in gas and internet services. Lee is sometimes referred to as “Hong Kong’s Buffett”, a compliment indeed.

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11. Sergey Brin: $29 billion

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Born: 21 August 1973, Moscow, Russia
Nationality: American
Residence: Los Altos, California
Start in Business: 1997

A co-founder of Google (now a part of Alphabet) with Larry Page in 1998, Sergey has utilised his computer science degree well to help build the company into the most used search-engine on the internet. Sergey now heads Google X, and his net worth continues to increase, although already having reached a position he is unlikely to have imagined when migrating with his (Jewish) parents from the Soviet Union in 1980, where their personal advancement was stymied under communism.

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10. Larry Page: $31 billion

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Born: 26 March 1973, East Lancing, Michigan, USA
Nationality: American
Residence: Palo Alto, California
Start in Business: 1997

Moving on from BackRub to co-found Google with Sergey Brin was Larry’s real starting point to financial success, as the change was from university-orientated to offering their product to the world – and what a world it has turned out to be. Larry had some start in that his father was a computer scientist, but was certainly not rich, and Larry became a totally self-made billionaire before the age of 30.

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9. Michael Bloomberg: $34 billion

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Born: 14 February 1942, Boston, Massachusetts, USA
Nationality: American
Residence: New York City
Start in Business: 1969

From his start in 1967 as a trader with Salomon Brothers to Mayor of New York is not a normal career progression, but Bloomberg first made his wealth through becoming a partner in 1973, and then developing his own market information service via Bloomberg L.P founded in 1981. As with most successful entrepreneurs, Bloomberg spotted a niche which needed to be filled, but then also believed that he could manage a major city, and served three terms as mayor from 2002-2013. He is now back as CEO of his own company.

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8. Carlos Slim Helú: $37 billion

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Born: 28 January 1940, Mexico City, Mexico
Nationality: Mexican
Residence: Mexico City
Start in Business: 1962

Carlos has made most of his wealth from developing telecommunications companies in Mexico, particularly in mobile ‘phones, but as befits an engineering graduate, also has other manufacturing interests and a wide variety of companies. His net worth began when he bought bonds at the age of 11, and has been known as a hard-worker and very capable financial manager ever since – “The Buffet of Mexico”.

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7. Jeff Bezos: $40 billion

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Born: 12 January 1964, Albuquerque, New Mexico, USA
Nationality: American
Residence: Seattle, Washington State
Start in Business: 1992

Jeff’s background was in finance and computing, until he put the two together in 1994 to found on-line merchandiser Amazon, identifying an opening concurrent with the rapid growth of internet use. Still no other company approaches Amazon’s volume of business, now world-wide. Jeff is also known as the proprietor of “The Washington Post”, although his interest in editorial comment is apparently minimal.

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6. Mark Zuckerberg: $47 billion

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Born: 14 May 1984, White Plains, New York State, USA
Nationality: American
Residence: Palo Alto, California
Start in Business: 2004

The co-founder of Facebook is a voluntary drop-out from Harvard, a university second on the list for billionaire alumni, but seems to have done alright for himself, accumulating his present fortune in just 12 years, and one of the youngest to reach the billionaire mark at 27 – nothing else needs to be said!

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5. Ingvar Kamprad: $48 billion

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Born: 30 March 1926, Agunnaryd, Sweden
Nationality: Swedish
Residence: Smaland, Sweden
Start in Business: 1943

Given a small amount of money by his father for doing well at school, Ingvar established IKEA when he was 17, originally sold by mail order and therefore flat-packed, and building it into the largest retailer of furniture in the world, selling over $25 billion in stock in 2015. At current rates, Ingvar became a member of the billionaire’s club by the time he was 30.

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4. Larry Ellison: $52 billion

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Born: 17 August 1944, Manhattan, New York City, USA
Nationality: American
Residence: Woodside, California
Start in Business: 1977

Beginning working life as a programmer, Larry was knowledgeable enough to identify the need for a relational data base management system; Oracle was originally written specifically for the CIA, which with two colleagues was developed and released in 1979. With that significant reference, the company has generally prospered since, except for a difficult period when sales were over-stated, and spread widely into Europe. Ellison was CEO until 2014, when he became chairman and CTO. He also has significant real estate holdings, part of which is an Hawaiian island. Larry was adopted from his single mother, and never graduated from university, as his interest in computing wasn’t catered for – as with others on this list. Lack of a degree doesn’t seem to have been a hindrance!

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3. Amancio Ortega: $65 billion

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Born: 28 March 1936, Leon, Spain
Nationality: Spanish
Residence: La Coruna, Spain
Start in Business: 1972

Zara, a fashion designing and retailing company, was founded by Amancio in 1975 – it’s reputation is that it is all things to all people, a novel idea which has certainly hit the mark ever since, including promoting Ortega to be the richest person in Spain.

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2. Warren Buffett: $73 billion

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Born: 30 August 1930, Omaha, Nebraska, USA
Nationality: American
Residence: Omaha, Nebraska
Start in Business: 1970

It’s hard to believe, but “The Sage of Omaha” began trading shares at the age of 11, with money saved from his newspaper round, which he subsequently bought. Now he is accepted as perhaps the most knowledgeable investor in the world, with shares in his Berkshire-Hathaway fund trading at over $200,000 each, by far the highest on the NYSE. Regardless of his current wealth, Warren clearly appreciated the value of money from a very early age, and even now recognises that you still need to work to get it!

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1. Bill Gates: $86 billion

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Born: 28 October 1955, Seattle, Washington State, USA
Nationality: American
Residence: Medina, Washington State
Start in Business: 1975

Another Harvard drop-out, but an entrepreneurial designer from that time, Bill has been at the head of research and development in IT as the founder of Microsoft, and at its head for more than 40 years. He has been at the top of this list for most years in the last 20, despite now committing most of his, and his wife’s wealth to philanthropic activities.

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