Money
Making Billions: The Richest People in the World
The Richest People in the World
In the last year, the wealth controlled by the world’s top 10 billionaires has jumped by over $76B.
Even in the teeth of jittery markets, many of the world’s richest people have seen their wealth surge to new heights as COVID-19 unfolds.
Today’s infographic draws data from Forbes Billionaire’s List and shows a broad cross-section of the world’s billionaires – highlighting their stratospheric wealth in the current economic climate.
Wealth in Astonishing Circumstances
The below table shows the fortunes of the world’s 10 richest people, comparing the numbers from March 5, 2019 to the most recent data from April 22, 2020.
| Rank | Name | Net Worth 2020* | Net Worth 2019* | Change 2019-2020 |
|---|---|---|---|---|
| #1 | Jeff Bezos | $145B | $131B | +$14.1B |
| #2 | Bill Gates | $104B | $97B | +$7.1B |
| #3 | Bernard Arnault & Family | $92B | $76B | +$15.5B |
| #4 | Warren Buffett | $73B | $83B | -$9.1B |
| #5 | Mark Zuckerberg | $69B | $62B | +$6.5B |
| #6 | Larry Ellison | $66B | $63B | +$3.4B |
| #7 | Steve Ballmer | $63B | $41B | +$21.3B |
| #8 | Amancio Ortega | $61B | $63B | -$2.2B |
| #9 | Larry Page | $58B | $51B | +$7.6B |
| #10 | Jim Walton | $57B | $45B | +$12.0B |
| Total Change | +$76.2B |
Source: Forbes – *As of April 22, 2020 **As of March 5, 2019
Gaining the highest across the top 10 is former Microsoft CEO Steve Ballmer, who saw his fortune rise over $21 billion since March 2019.
Facing the steepest losses belong to investing luminary Warren Buffett, whose net worth has dropped over $9 billion over the past year. At year-end 2019 Buffett was a 11% shareholder in Delta Airlines. In April, Buffett sold 13 million shares in the airline.
Meanwhile, Mark Zuckerberg’s fortune is holding steady. Amazingly, the Facebook founder still remains one of the world’s youngest billionaires (ranking 22nd out of 2,095) despite first joining the billionaire club a dozen years ago.
Newcomers to the List
As a new decade begins, who are among the most newly-minted billionaires?
Eric Yuan, CEO of Zoom has climbed in the ranks as online video communication demand soars. Zoom went public in April 2019 at a stunning $9.2 billion IPO valuation. As of April 24, 2020, Zoom was valued at over $44.3 billion.
| Rank | Name | Net Worth | Source of Wealth |
|---|---|---|---|
| #1 | Eric Yuan | $7.8B | Zoom |
| #2 | Anthony von Mandl | $3.9B | Mark Anthony Brands |
| #3 | Larry Xiangdong Chen | $3.6B | GSX Techedu |
| #4 | Dmitry Bukhman | $3.1B | Playrix |
| #5 | Igor Bukhman | $3.1B | Playrix |
| #6 | Sun Huaiqing | $3.0B | Guangdong Marubi Biotechnology |
| #7 | Forrest Li | $2.4B | Sea Group |
| #8 | Byju Raveendran | $1.7B | Byju's |
| #9 | Jitse Groen | $1.5B | Takeaway.com |
| #10 | Qian Ying | $1.5B | Muyuan Foods |
*As of April 22, 2020
Similarly, Netherland’s Jitse Groen has witnessed his food-delivery company Takeaway.com expand extensively. Takeaway.com currently operates in 11 countries across Europe and received regulatory approval to complete a $7.6 billion merger with JustEat in April.
Forrest Li who runs Sea, an online-gaming and e-commerce company, has similarly joined the ranks. Tencent and private equity firm General Atlantic are among its major stakeholders.
The COVID-19 Response
As the global economy contends with a loss of confidence and job losses, some of the world’s richest people are stepping up to the plate.
Twitter CEO Jack Dorsey is donating roughly 25% of his net worth to COVID-19 in the form of Square stock, valued at $1B.
His donation, which was placed in a donor-advised fund called Start Small LLC, is more than four times higher than any other billionaire. That said, after the pandemic, Dorsey also stated that this money may also go towards girl’s health and education, as well as universal basic income (UBI).
| Rank | Name | COVID-19-Related Donation | % of Net Worth |
|---|---|---|---|
| #1 | Jack Dorsey | $1B | 25.6% |
| #2 | Bill & Melinda Gates | $255M | 0.2% |
| #3 | Azim Premji | $132M | 2.2% |
| #4 | Andrew Forrest | $100M+ | 1.2%+ |
| #5 | Jeff Bezos | $100M | 0.1% |
| #6 | Michael Dell | $100M | 0.4% |
| #7 | Lynn Schusterman, Stacy Schusterman | $70M | 2.1% |
| #8 | Amancio Ortega | $68M | 0.1% |
| #9 | Nicky Oppenheimer | $54.5M | 0.7% |
| #10 | Johann Rupert | $54.5M | 1.1% |
*As of April 15, 2020
Overall, 77 of the world’s billionaires have made public contributions related to the COVID-19 pandemic, just a fraction of the world’s ultra-rich.
As COVID-19 continues to spread globally, will the world’s billionaires still accumulate wealth at greater speeds, or will a different picture emerge as unconventional policies around the world become increasingly commonplace?
Demographics
The Smallest Gender Wage Gaps in OECD Countries
Which OECD countries have the smallest gender wage gaps? We look at the 10 countries with gaps lower than the average.
The Smallest Gender Pay Gaps in OECD Countries
This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.
Among the 38 member countries in the Organization for Economic Cooperation and Development (OECD), several have made significant strides in addressing income inequality between men and women.
In this graphic we’ve ranked the OECD countries with the 10 smallest gender pay gaps, using the latest data from the OECD for 2022.
The gender pay gap is calculated as the difference between median full-time earnings for men and women divided by the median full-time earnings of men.
Which Countries Have the Smallest Gender Pay Gaps?
Luxembourg’s gender pay gap is the lowest among OECD members at only 0.4%—well below the OECD average of 11.6%.
| Rank | Country | Percentage Difference in Men's & Women's Full-time Earnings |
|---|---|---|
| 1 | 🇱🇺 Luxembourg | 0.4% |
| 2 | 🇧🇪 Belgium | 1.1% |
| 3 | 🇨🇷 Costa Rica | 1.4% |
| 4 | 🇨🇴 Colombia | 1.9% |
| 5 | 🇮🇪 Ireland | 2.0% |
| 6 | ðŸ‡ðŸ‡· Croatia | 3.2% |
| 7 | 🇮🇹 Italy | 3.3% |
| 8 | 🇳🇴 Norway | 4.5% |
| 9 | 🇩🇰 Denmark | 5.8% |
| 10 | 🇵🇹 Portugal | 6.1% |
| OECD Average | 11.6% |
Notably, eight of the top 10 countries with the smallest gender pay gaps are located in Europe, as labor equality laws designed to target gender differences have begun to pay off.
The two other countries that made the list were Costa Rica (1.4%) and Colombia (1.9%), which came in third and fourth place, respectively.
How Did Luxembourg (Nearly) Eliminate its Gender Wage Gap?
Luxembourg’s virtually-non-existent gender wage gap in 2020 can be traced back to its diligent efforts to prioritize equal pay. Since 2016, firms that have not complied with the Labor Code’s equal pay laws have been subjected to penalizing fines ranging from €251 to €25,000.
Higher female education rates also contribute to the diminishing pay gap, with Luxembourg tied for first in the educational attainment rankings of the World Economic Forum’s Global Gender Gap Index Report for 2023.
See More Graphics about Demographics and Money
While these 10 countries are well below the OECD’s average gender pay gap of 11.6%, many OECD member countries including the U.S. are significantly above the average. To see the full list of the top 10 OECD countries with the largest gender pay gaps, check out this visualization.
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