Honorary Chairman, América Móvil
Age: 74
Source of Wealth: telecom
Residence: Mexico
His four-year run as world's richest person has come to an end, primarily because shares of Minera Frisco, his mining company, have fallen more than 50% in the past year as the price of gold and copper plummeted. That plus a dip in the value of his largest asset, pan-Latin American telecom firm America Movil, combined to knock $1 billion off his net worth, making him the only billionaire among the world's 10 richest to get poorer in the past year. America Movil has come under pressure in Mexico after the passage of a new anti-monopoly telecom and media law. America Movil has 70% or more market share of both the landline and mobile markets in Mexico. Slim also holds a controlling interest in industrial conglomerate Grupo Carso, financial venture Grupo Financiero Inbursa, real estate enterprise Inmuebles Carso and infrastructure development and operating company Impulsora del Desarrollo y el Empleo en América Latina, or Ideal. He continues to hold minority stakes in U.S. companies Saks Fifth Avenue and The New York Times Co. He has also invested in two Spanish companies: Grupo Prisa, a media conglomerate, and CaixaBank, an investment banking firm.
#2Bill Gates$80.6 B$32.3 M | -0%As of 8/27/2014 @ 4:45AM
Co-Chair, Bill & Melinda Gates Foundation
Age: 58
Source of Wealth: Microsoft
Residence: United States
He's back. Helped by a bounce in Microsoft shares, Bill Gates returns to the top of our annual Billionaires list this year amid a leadership shakeup at the software giant he founded. He's been the richest man in the world for 15 out of the last 20 years. After years focused on his philanthropy, Gates plans to spend more of his time working with product managers at Microsoft as rivals like Google and Apple continue to outshine the company in the market. Gates stepped down as Microsoft chairman in February, when new CEO Satya Nadella took over. Meanwhile, Gates remains focused on his foundation's efforts to eradicate polio (he secured $335 million in pledges to the cause from six billionaire comrades, including $100 million each from Mexico's Carlos Slim and former New York City Mayor Mike Bloomberg) and getting fellow billionaires more involved with philanthropy. He and Warren Buffett have thus far convinced over 100 of the super rich to sign on to the Giving Pledge, a promise to donate at least half one's net worth to charity.
#3Warren Buffett$66.9 B$359 K | -0%As of 8/27/2014 @ 4:45AM
CEO, Berkshire Hathaway
Age: 83
Source of Wealth: Berkshire Hathaway
Residence: United States
Now in his ninth decade, Buffett is still doing huge deals. Last year he teamed up with 3G Capital to pick up iconic ketchup maker H.J. Heinz for $23.2 billion, invested nearly $4 billion in ExxonMobil and a Berkshire Hathaway subsidiary bought Nevada's NV Energy for $5.6 billion. All of this helped boost his fortune by $4.7 billion despite his gift of $2 billion in Berkshire stock to the Gates Foundation in July, bringing his lifetime giving to $20 billion. Secret to his success? In his investment letter in 2014, he told Berkshire Hathaway shareholders his best investment wasn't a stock or business, it was buying Benjamin Graham's book "The Intelligent Investor" in 1949. The book's simple, logically sound approach changed his financial life, he said. As for his advice to investors today, the Oracle of Omaha said in February, as the S&P 500 again touched record levels, to steer clear of market euphoria and focus on the potential for profits over time.
#4
Amancio Ortega
$62.9 B$979.4 M | 1.6%As of 8/27/2014 @ 4:45AM
Age: 78
Source of Wealth: retail
Residence: Spain
World's richest retailer Ortega added $7 billion to his fortune this past year, expanding the gap between him and number four, Warren Buffett. He is up a total of $26.5 billion in the past two years. Though he stepped down as chairman of Inditex (best known for its Zara brand) in 2011, he still owns nearly 60% of its shares. He also has a growing real estate portfolio, estimated to be worth nearly $5 billion, much of it acquired at bargain prices during the financial downturn. He is reportedly planning to list his property holdings in a real estate investment trust. Among his properties: the iconic Torre Picasso, a 43-story skyscraper in Madrid (Google is a tenant). In the past year, he's bought four new buildings in Madrid, New York and London for around $830 million, taking the number of buildings he owns to 26. A railway worker's son, he started as a gofer in a shirt store. With then-wife Rosalia Mera, now deceased, he started making dressing gowns and lingerie in their living room. They had a daughter Sandra, and a son, Marcos. Ortega is now married to Flora Perez Marcote, with whom he had another daughter, Marta.
#5Larry Ellison$51.7 B$176.2 M | 0.3%As of 8/27/2014 @ 4:45AM
#5Larry Ellison$51.7 B$176.2 M | 0.3%As of 8/27/2014 @ 4:45AM
CEO and Founder, Oracle
Age: 70
Source of Wealth: Oracle
Residence: United States
San Francisco lost $11.5 million hosting the America's Cup during the summer of 2013, but that's nothing compared to what Larry Ellison spent bringing the event to town. In September, his Team Oracle pulled off a stunning comeback from a seven-race deficit to win its second consecutive Cup, allowing the Oracle and founder and CEO to choose the setting for the next race. With a loss already on its books San Francisco may not want another event, though little gets in the way of Larry Ellison's ambition--or mouth. In an Aug. 2013 television interview, the Oracle founder said that Apple's best days are behind it after the passing of close friend Steve Jobs and that Google's alleged infringement on Oracle's patents in its Android software was "absolutely evil." Ellison collects houses on Malibu's Carbon Beach and also owns of 98% of Hawaii's Lanai Island. A recently-launched website for the island reveals its owner's larger plans, including a 2015 film festival on the island. His daughter Megan is a growing Hollywood powerhouse and has financed a string of critical successes including American Hustle and Zero Dark Thirty.
#6Charles Koch$41.9 B$0As of 8/27/2014 @ 4:45AM
CEO, Koch Industries, Inc.
Age: 78
Source of Wealth: diversified
Residence: United States
Charles Koch is chairman and CEO of Koch Industries, the country's second largest private company with sales of $115 billion, a post he's held since 1967. He is worth $6 billion more than a year ago as Koch Industries steadily expands, buying electronics-components maker Molex for $7.2 billion and cellulose fibers producer Buckeye Technologies for $1.5 billion. He and his brother David, with whom he owns 84% of Koch, are funneling a chunk of their money to try and win the Senate for Republicans in the 2014 midterm elections, prompting Sen. Harry Reid to accuse them in January of "actually trying to buy the country." A Koch spokesman said Reid's comment was "disrespectful and beneath the office he holds."
#6David Koch$41.9 B$0As of 8/27/2014 @ 4:45AM
Executive Vice President, Koch Industries, Inc.
Age: 74
Source of Wealth: diversified
Residence: United States
New York City's richest resident David Koch is $6 billion richer than a year ago. He and his brother Charles, with whom he shares the fortune, own 84% of $115 billion (sales) Koch Industries, America's second largest private company with interests in oil pipelines, refineries, building materials, paper towels and even Dixie cups. David was a top donor to the Republican Governors Association in 2013, giving $1.25 million to the cause. Together the brothers, the richest siblings in the world, are funneling a chunk of their money to try and win the Senate for Republicans in the 2014 midterm elections, prompting Sen. Harry Reid to accuse them in January of "actually trying to buy the country." A Koch spokesman said Reid's comment was "disrespectful and beneath the office he holds."
As of 8/27/2014 @ 4:45AM
Co-Chair, Children's Scholarship Fund
Age: 59
Source of Wealth: Wal-Mart
Residence: United States
Walton is the richest woman in the world once again, taking back the title from L'Oreal Heiress Liliane Bettencourt. She has now held that title for 4 out of the last 5 years. She inherited her wealth when husband John Walton, a former Green Beret and Vietnam war medic, died in an airplane crash in 2005. John's side investment in First Solar had boosted Christy's net worth well above the rest of her family, but the stock sank in 2011, narrowing her lead. But First Solar stock has revived, up 47% in past year and boosting her net worth by $466 million. The bulk of her holdings are in Wal-Mart, the massive retailer founded by her father-in-law Sam Walton and his brother James in 1962. Christy received $460 million in Wal-Mart dividends after taxes in 2013. She leads a very private life in Jackson, Wyoming, but in August had a rare bit of publicity when she was given an award by the Imagen Foundation for producing the film "Bless Me, Ultima," based on the book by Rudolfo Anaya, who is considered the father of Chicano literature. Her son battled cancer when he was just three years old and she fought a case of pneumonia that nearly killed her, according to the Imagen Foundation.
#9Liliane Bettencourt & family$37.5 B$146.8 M | 0.4%As of 8/27/2014 @ 4:45AM
Walton is the richest woman in the world once again, taking back the title from L'Oreal Heiress Liliane Bettencourt. She has now held that title for 4 out of the last 5 years. She inherited her wealth when husband John Walton, a former Green Beret and Vietnam war medic, died in an airplane crash in 2005. John's side investment in First Solar had boosted Christy's net worth well above the rest of her family, but the stock sank in 2011, narrowing her lead. But First Solar stock has revived, up 47% in past year and boosting her net worth by $466 million. The bulk of her holdings are in Wal-Mart, the massive retailer founded by her father-in-law Sam Walton and his brother James in 1962. Christy received $460 million in Wal-Mart dividends after taxes in 2013. She leads a very private life in Jackson, Wyoming, but in August had a rare bit of publicity when she was given an award by the Imagen Foundation for producing the film "Bless Me, Ultima," based on the book by Rudolfo Anaya, who is considered the father of Chicano literature. Her son battled cancer when he was just three years old and she fought a case of pneumonia that nearly killed her, according to the Imagen Foundation.
#9Liliane Bettencourt & family$37.5 B$146.8 M | 0.4%As of 8/27/2014 @ 4:45AM
Age: 91
Source of Wealth: L'Oreal
Residence: France
L'Oreal's grand dame Liliane Bettencourt is no longer the world's richest woman, though she grew wealthier this year thanks to the French cosmetics giant's stock price, up 9% since 2013. Bettencourt is no longer involved in running the company her father founded after a 2011 legal battle with daughter Françoise Bettencourt Meyers proved Liliane was unfit to manage her affairs. The elderly widow, who suffers from dementia, was replaced on the company's board by her 25-year-old grandson Jean-Victor Meyers in February 2012. The Bettencourt family is set to strengthen its hold on the L'Oreal empire in 2014 thanks to Swiss consumer goods giant Nestle's planned sale of its 8% stake. That will raise the family's holdings to 33%.
#10Jim Walton$35.2 B$69.9 M | -0.2%As of 8/27/2014 @ 4:45AM
Chairman and CEO, Arvest Bank Group, Inc.
Age: 66
Source of Wealth: Wal-Mart
Residence: United States
The youngest son of retail visionary Sam Walton saw a nice bump in his wealth last year thanks to a 6% gain in Wal-Mart shares. Mr. Sam's store remains a powerhouse worldwide, with 2013 sales of nearly $470 billion and 2.2 million employees in 11,000 stores. Jim received more than $475 million in dividends after taxes in 2013. He is also the CEO of the Walton family's Arvest Bank, which has branches in Arkansas, Kansas, Oklahoma and Missouri. The bank is worth about $1.8 billion, with net profits of nearly $100 million in 2012.
Source: http://www.forbes.com/
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