Did you know there are 724 billionaires living in the United States? California, New York, Florida, and Texas are the only states where they live. That information comes to us from Forbes.com.
North Carolina has been known for the production of tobacco, furniture, and textiles. Money was big in these businesses since the 1950s. However with a big economic shift, in North Carolina, who has the money? Only three North Carolina billionaires made the Forbes 400 for 2021. We have that list below. Fun fact…it is all men.
10. Mukesh Ambani
Mukesh Ambani, the world’s 10th richest person, has a net worth of $88.4 billion, making him the richest person from India. The value of his 45% stake in Reliance Industries is $88.9 billion. The value of his residential properties in Mumbai is $410 million. Damn! He is the Chairman and Managing Director of Reliance Industries. This has a presence in telecommunications and retail selling. He is also a member of the board of the World Economic Forum.
9. Larry Ellison
Larry Ellison, the CTO, Chair, and Co-founder of Oracle, is the ninth richest person in the world in 2022. His 40% ownership stake in Oracle is valued at $63.3 billion and he has a net worth of $94.6 billion. Other assets include $13.1 billion in Tesla equity and $17.3 billion in cash and real estate.
8. Steve Ballmer
Steve Ballmer, the owner of the Los Angeles Clippers, is the eighth richest person in the world with a net worth of $107 billion. He owns 4% of Microsoft, valued at $99.6 billion. His other assets are $2.63 billion in private assets in the Los Angeles Clippers and $5.05 billion in cash. He succeeded Bill Gates as Microsoft’s CEO in 2000, joining the company in 1980. In 2011, Ballmer facilitated Microsoft’s acquisition of Skype for $8.5 billion. Los Angeles Clippers basketball team was acquired by Ballmer for $2 billion.
7. Sergey Brin
Sergey Brin, with a net worth of $115 billion, ranks seventh on the list of richest people in 2022. The alphabet was founded by the California-based technology entrepreneur. This represents a $100.5 billion value for his 6% stake in Alphabet. He also has $14.7 billion in cash. A Russian-born boy, Sergey Brin moved to the United States with his family at the age of six, co-founding Google with Larry Page in 1998.
6. Warren Buffett
In 2022, Warren Buffett is the sixth richest person in the world with a net worth of $116 billion. The value of his 16% stake in Berkshire Hathaway is estimated at $114 billion. He also has cash in the amount of $1.1 billion. Known as the “Oracle of Omaha”, Warren Buffett is the most famous living value investor. His fortune has been built by buying undervalued companies. He is considered a Bitcoin skeptic by industry experts.
5. Larry Page
In 2022, Larry Page, the board member and co-founder of Alphabet, will be ranked fifth on the list of the richest people. It is estimated that he has a net worth of $120 billion, and his 6% stake in Alphabet is worth $105.7 billion. He also has $14.6 billion in cash. Google’s shares surged by around 50% in 2021, propelling Page to the billionaire list. Among Larry’s early investments was Planetary Resources, a company engaged in asteroid-mining and space exploration.
4. Bill Gates
The richest person in 2022, Bill Gates, has a net worth of $127 billion. His stake in Microsoft is valued at $30.8 billion. Cascade Investment LLC owns $55.9 billion in public and private assets, as well as $55.3 billion in cash. Cascade’s privately-held investments include Deere, Republic Services, Canadian National Railway, as well as a portfolio of private investments in energy and real estate.
3. Bernard Arnault
Bernard Arnault’s net worth is an impressive $155 billion, making him the third richest person in the world by 2022. Christian Dior’s ownership stake is valued at over $126 billion, or 97.5%. He also owns a $24.4 billion public asset in Moelis& Company equity, an undisclosed stake in Hermes equity, and $10.9 billion in cash. LVMH, the largest luxury goods company, is chaired and run by him.
2. Jeff Bezos
Jeff Bezos, the founder and executive chair of Amazon, is ranked second with a net worth of $178 billion. His stake in Amazon is valued at $153 billion. Among his other assets are a $9.15 billion stake in Blue Origin, a $250 million stake in The Washington Post, and $15.6 billion in cash. In the wake of the Covid-19 pandemic, demand for online shopping soared, leading to a 76% increase in Amazon’s stock price.
1. Elon Musk
Tesla’s chief executive officer (CEO) and cofounder was the world’s richest person in February 2022. It is the one and only Elon Musk. About $153 billion is the total value of his 17% stake in this company. In total, he is worth $223 billion, including investments in space exploration technologies, private assets worth $40.3 billion, and $3.9 billion in cash. Tesla shares soared by about 340% in 2020, propelling Musk’s wealth to the top of the wealth rankings. Tesla figured into the list of S&P 500 in December 2020 and became the largest company in this category.
