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The Forbes list of billionaires shows the decline of traditional industries. The ranking of the richest people on the planet has changed rather significantly within a relatively short time. While at the beginning of the last decade, we could think that Bill Gate’s position of the wealthiest man on Earth is unquestioned, five years ago other businessmen who built their success on running technology businesses were breathing down his neck.

Nevertheless, in 2016 the founder of the technology giant Microsoft was safely in the lead on the list of the world’s billionaires. At that time, Forbes estimated Gate’s fortune at USD 75 billion (about CZK 1.63 trillion). Another technology business owner came fifth. It was the founder of Amazon, Jeff Bezos, being about USD 30 billion behind Gates.

The six technology billionaires in the top twenty in 2016 also included Mark Zuckerberg (USD 44.6 billion), Larry Ellison (43.6) and Google co-owners Larry Page (35.2) and Sergey Brin (34.4). Among the twenty richest people in the word, we could also find one from the finance and investment sector, Warren Buffet, and six owners of fashion and retail businesses; the entertainment and media, real estate and beer production sectors were also represented in the top twenty.

Author: Tomáš Kolomazník

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The content of this material constitutes marketing communication and should not be considered as any type of investment advice and/or investment research and/or a solicitation for any transactions. This material was prepared for informational/educational purposes only and does not imply an obligation to perform investment transactions nor does it guarantee or predict future performance. BCM Begin Capital Markets Cy Ltd and its relevant persons including affiliates, agents, directors, or employees do not guarantee the accuracy, validity, timeliness, or completeness of any information/data provided by third parties and assume no liability for any loss arising from any investment made based on the said information/data. Past performance is no guarantee of future results.

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