On April 9, 2020 Forbes published the 34th annual list of Global Billionaires 2020 which topped Amazon Founder and Chief Executive Officer (CEO) Jeff Bezos for the 3rd time, followed by Microsoft co- founder and chairman of Bill & Melinda Gates Foundation Bill Gates. The chairman & managing director of Reliance Industries Mukesh Ambani (17th) topped the Indian list, followed by The founder of Avenue Supermarts Radhakishan Damani & family (65th).Key Points
i.The Chairman and CEO of Louis Vuitton Moet Hennessy (LVMH) Bernard Arnault is positioned in 3rd place globally followed by Berkshire Hathaway’s founder Warren Buffett in 4th with USD 75.4 billion of net worth.
ii.The co-founder of Hindustan Computers Limited (HCL),Shiv Nadar (116th) is positioned in 3rd in Indian list followed by the founder of Kotak Mahindra Bank Uday Kotak (136th) with net worth of USD 11.0 billion.
iii.Alice Walton (11th) only daughter of Walmart founder Sam Walton tops the women’s list with a net worth of USD 54.1 billion, followed by Francoise Bettencourt Meyers (17th) the granddaughter of L’Oreal’s founder(She & her family own 33% of L’Oreal stock) with USD 52.8 billion, and Julia Koch who is positioned in 42nd ( she and her 3 children inherits & of stake in Koch industries) with USD 41.7 billion.
|Rank||Name||Net worth (USD- billion)|
|3||Bernard Arnault & family||89.8|
|INDIA’S TOP LIST|
|65||Radhakishan Damani & Family||16.6|
It is an American business magazine which releases a list of the world’s top billionaires every year. In 2020 it has ranked 2095 billionaires from 2,153 in 2019, where 267 people dropped this year’s list & 1062 individuals have dropped in their fortunes due to the coronavirus pandemic & unstable markets.
CEO– Michael Federle
Headquarters– New york, United States