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Top 10 richest people in the World

Updated on July 2, 2015

According to the Forbes' list of 2015, these people are named as the wealthiest people in the world.

They are further arranged in ascending order of wealth.

10. Liliane Bettencourt and family

  • Born: October 21st 1922
  • Net worth: 40.1 billion USD
  • Paris, France

Liliane Bettencourt, originally know as Liliane Henriette Charlotte Schueller, is a French heiress, socialite, businesswoman and philanthropist. She is one of the main shareholders in L'Oreal, one of the world's largest cosmetic and beauty companies which was founded in 1907. She lost her mother at the age of 5 and became closer to her dad. At the age of 15, she began working as an apprentice in her father's company doing basic things like mixing shampoos and labeling bottles. In 1950, she married a French politician, Andre Bettencourt. In 1957, she inherited the L'Oreal fortune from her dad after he died and became the principal shareholder. In 2014, she purchased 3% worth of shares in Nestlé. She ended her Board Director tenure on Febuary 13, 2012 and he grandson, Jean-Victor, was appointed as Board Director.

9. Jim Walton

  • Born: June 7th 1948
  • Net worth: 40.6 billion USD
  • Newport, Arkansas, United States

Jim Walton is the third son and last child of Sam Walton and Helen Walton, co-founders of Walmart. He joined Walmart in 1972, where he was involved in real estate dealings. He replaced his deceased brother John, on the Board of Directors on September 28th, 2005. He is presently on the Strategic and Planning committee. He is the CEO of his family's Arvest Bank and Chairman of the newspaper firm, Community Publishers Inc. (CPI). As at 2014, Walmart had generated $473 billion in revenues having 11,000 stores in over 27 countries. In February 2015, Walmart announced its wage rate to be $9 per hour in the United States and promises that it will be $10 by 2016.

8. Christy Walton and family

  • Born: June 9th 1965
  • Net worth: 41.7 billion USD
  • Jackson, Wyoming, United States

She is the widow of John Walton, son of Sam Walton, founder of Walmart. After the death of her husband in 2005, she inherited 18.2 billion USD. She held the title of wealthiest woman in the world for 5 consecutive years. She is ranked as the highest female philanthropist with giving of about 3.5 billion USD cumulatively between 2002 and 2006. According to Forbes in March 2015, she is the 6th wealthiest woman in the United States and the 8th wealthiest person in the world. Thanks to her husband, she is the wealthiest in the Walton family. In 2014, she received a divided from Walmart after taxes worth 470 million USD.

7. David Koch

  • Born: May 3rd, 1940
  • Net worth: 42.9 billion USD
  • Wichita, Kansas, United States

David Hamilton Koch is an American businessman, philanthropist, political activist, and chemical engineer. He joined the family business Koch Industries which is the second largest privately owned company, in 1970. He became the president of the Koch engineering in 1979 and became co-owner of Koch Industries with his elder bother Charles Koch in 1983.Koch Industries contributed about 3 million USD to the midterm elections in the United States in 2014. He is a libertarian and founded Citizens for a Sound Economy. He is presently the Executive Vice President of Koch Industries.

6. Charles Koch

  • Born: November 1st, 1935
  • Net worth: 42.9 billion USD
  • Wichita, Kansas, United States

Charles de Ganahl Koch is an American businessman and philanthropist. He is co-owner, chairman of the board, and chief executive officer of Koch Industries, while his brother David H. Koch serves as Executive Vice President. Along with his brother, he inherited the family business from their father, Fred C. Koch. Originally involved exclusively in oil refining and chemicals, Koch Industries now includes process and pollution control equipment and technologies; polymers and fibers; minerals; fertilizers; commodity trading and services; forest and consumer products; and ranching.

5. Larry Ellison

  • Born: August 17th, 1994
  • Net worth: 54.3 billion USD
  • Manhattan, New York City, New York, United States

Lawrence Joseph "Larry" Ellison is an American programmer, internet entrepreneur, businessman and philanthropist.Larry Ellison is arguably the first Silicon Valley tech entrepreneur to live large and fast. He never met his biological father and was raised in a middle-class Chicago home by his great aunt. Ellison was the Chief Executive Officer of Oracle Corporation between its foundation in 1977 and 2014. The revenue of this corporation as at 2014 was 38 billion USD. Ellison has donated 1% of his wealth to charity and has signed The Charity Pledge.

4. Amancio Ortega Gaona

  • Born: March 28. 1936
  • Net worth: 64.5 billion USD
  • Spain

Amancio Ortega Gaona is the youngest of four children. He was born in Busdongo de Arbás, Leon, Spain. He moved to A Coruña with at the age of 14, due to the nature of his father's job as a railway worker. As a teenager, he found a job as an apprentice with a shirt-maker called Gala, in A Coruña. In 1972, he founded Confecciones Goa. And in 1975, he opened his first Zara shop.

Amancio Ortega Gaona is a Spanish fashion Businessman and founding chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops. He co-founded Zara with his ex-wife, Rosalia Mera

3. Warren Buffett

  • Born August 30, 1930
  • Net worth: 72.7 billion USD
  • Omaha, Nebraska, United States

Warren Edward Buffett is an American business magnate, investor and philanthropist. He is the most successful investor of the 20th century. Buffett is the chairman, CEO and largest shareholder of Berkshire Hathaway. Its coveted Class A stock, which is the most expensive of any public U.S. company's, eclipsed $200,000 per share for the first time in August 2014. He was ranked as the world's wealthiest person in 2008 and third wealthiest person in 2015. In 2012, he was named as the most influential person in the world by Time. He is a very philanthropic man, he has promised to give 99% of his wealth to charity, the Gates Foundation. In April 2012, he was diagnosed with prostrate cancer which he successfully completed treatment by August 2012.

2. Carlos Slim Helú and family

  • Born: January 28th, 1940
  • Net worth: 77.i billion USD
  • Mexico City, Mexico

Carlos Slim Helú is a Mexican business magnate, investor, and philanthropist. He was ranked as the richest man in the world from 2010 to 2013. Carlos oversees a vast business empire that is influential in every sector of the Mexican economy and accounts for 40% of the listings on the Mexican Stock Exchange. He spent $5.6 billion to buy out AT&T's 8.3% stake in pan-Latin American wireless carrier America Movil. He derived his fortune from the many holdings in has in many companies in Mexico through his conglomerate, Grupo Carso. The conglomerate comprises a diverse businesses from a wide number of industries which include telecommunications, oil, industrial manufacturing, health care, education, food and beverages, real estate, airlines, hospitality, entertainment, minning, technology, retail, media, sports and financial services

1. Bill Gates

  • Born: October 28th, 1955
  • Net worth: 79.2 billion USD
  • Seattle, Washington, United States

Bill Gates is an American business magnate, philanthropist, investor, computer programmer, and inventor. He is the world's richest man and has held that title for 16 out of 21 years. He was the overall wealthiest man in the world from 1995 till 2014 excluding the financial crisis he had in 2007 and 2008. He regained the spot at the top in March 2014 after Carlos Slim had held it for four years. He has been steadily selling his shares in the software company for at least 15 years. He unloaded one third of his remaining stake over the 12 months through February 2015. He co-founded Microsoft, the world's largest PC software company with Paul Allen. He is both an author and co-author of so many books.

Bill Gates stepped down as Chief Executive Officer of Microsoft in January 2000 but remained Chairman and created the position of Chief Software Architect for himself. In 2006, he announced publicly that he will be moving from full-time work to part-time work with Microsoft and go full-time in the Bill and Melinda Gates Foundation, which was established in 2000. Through this foundation, he has donated a lot of money to charitable organizations and for scientific research programs.

Who do you think will be next's year's world's richest man?

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