Ten Richest Men in the world (2022)
6. Larry Page
Age: 49
Residence: California
Co-founder and Board Member: Alphabet (GOOG)
Net Worth: $103 billion
Alphabet Ownership Stake: 6% ($88.8 billion total)
Other Assets: $14.6 billion in cash
In a college dorm room, Larry Page began his journey to fame and fortune, similar to other tech billionaires on this list. In 1995, Page and his friend Sergey Brin developed the concept of better internet data extraction while they were both students at Stanford University. In order to analyze “backing links,” the team created a new search engine technology they called “Backrub.” From there, Page and Brin founded Google in 1998. Page led the company as CEO from 1998 to 2001 and again from 2011 to 2019.
With more than 92 percent of all searches performed globally, Google is the most popular internet search engine.
The business bought YouTube, the most popular website for user-submitted videos, in 2006.
Google released the Android mobile phone operating system in 2008 after purchasing Android, Inc. in 2005.
In 2015, Google underwent a reorganization and became a division of holding company Alphabet.
A company that explores space and mines asteroids, Planetary Resources, included Page among its early investors. The company, founded in 2009, was acquired by blockchain company ConsenSys in 2018 due to funding issues.
Additionally, he invested in Kitty Hawk and Opener, demonstrating his interest in “flying car” businesses. In 2021, Google stock increased by almost 50%, propelling Page and Brin up the list of the wealthiest people. In March 2020, Page’s net worth was just under $52 billion; today, it is $105 billion.
5. Warren Buffett
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Age: 91
Residence: Nebraska
CEO: Berkshire Hathaway (BRK.A)
Net Worth: $114 billion
Berkshire Hathaway Ownership Stake: 16% ($113 billion)
Other Assets: $1.1 billion in cash
Warren Buffett, the most well-known living value investor, filed his first tax return in 1944 when he was 14 years old, disclosing earnings from his childhood paper route.
In 1962, he made his first investment in Berkshire Hathaway, a textile business, and by 1965, he had acquired the majority of the company’s shares. In 1967, he expanded the business to include investments and insurance. As of May 5, 2022, a single share of stock (Class A shares) in Berkshire Hathaway, a company with a market cap of $705 billion, was trading for more than $481,000.
The “Oracle of Omaha” and a buy-and-hold investor, Buffett made his fortune by acquiring undervalued businesses.
Berkshire Hathaway has made significant, well-known corporations more recently.
In addition to consumer goods, its portfolio of wholly owned subsidiaries also includes investments in the railroads, energy distribution, and insurance industries. The well-known Bitcoin skeptic, Buffett.
A large portion of Buffett’s wealth has been devoted to philanthropy. He donated $41 billion between 2006 and 2020, the majority of which went to the Bill & Melinda Gates Foundation and his children’s causes.
Together with Bill Gates, Buffett introduced the Giving Pledge in 2010.
Despite being 91 years old and still serving as CEO, Buffett hinted in 2021 that Gregory Abel might succeed him. Abel is in charge of all non-insurance activities at Berkshire.
