And those options are worth far more due to the rise in stock price. Musk and Bezos — the two richest men on earth — are embroiled in a billionaire space race. How Tesla can sell 'full self-driving' software that doesn't really drive itself. Bezos, who founded Blue Origin in , and billionaire Virgin-brands owner Richard Branson, both traveled to space last summer.
A June ProPublica report found that some billionaires, including Elon Musk, Bill Gates and Jeff Bezos, pay minimal income tax compared to the vast majority of Americans, despite their immense wealth. Nothing revealed in the report was illegal. Meanwhile, the US economy is still recovering from the Covid recession. Median household income fell 2. September's job report marked the second straight month in which the economy added far fewer jobs than expected.
Video series featuring innovators. ET Financial Inclusion Summit. Malaria Mukt Bharat. Wealth Wise Series How they can help in wealth creation. Honouring Exemplary Boards. Deep Dive Into Cryptocurrency. ET Markets Conclave — Cryptocurrency. Reshape Tomorrow Tomorrow is different. Let's reshape it today. Corning Gorilla Glass TougherTogether. ET India Inc. ET Engage. ET Secure IT. Like several tech billionaires on this list, Larry Page's claim to fame got its start in a college dorm room.
While attending Stanford University in , Page and his friend Sergey Brin came up with the idea of improving data extraction capabilities while accessing the Internet. The duo devised a new type of search engine technology they dubbed "Backrub," named after its ability to analyze "backing links. In , Google the company expanded by purchasing YouTube, the biggest platform for user-submitted videos. Then, saw the release of the first mobile phone utilizing the Android operating system, which was originally developed by Android Inc.
Page is also a founding investor of Planetary Resources, a space exploration and asteroid-mining company. Originally established in , the company was acquired by blockchain firm ConsenSys in amid funding problems. He has also shown an interest in "flying car" companies, having invested in both Kitty Hawk and Opener. What makes Google unique, compared to the other companies featured on this list, is that its co-founders are relatively close in terms of total wealth.
In addition to software, Google also deals in a wide variety of electronic devices, including its Pixel smartphones, its Pixelbook computers and tablets, its Nest smart home devices, and its Stadia gaming platform. Fox Foundation to devise new drugs against LRRK2, one of the greatest genetic contributors to the disease. Reliance Industries was originally founded as a small textile manufacturer by Dhirubhai Ambani in Rather than moving back to the U.
In , Dhirubhai suffered a stroke and passed away. The lack of a will resulted in a feud between Mukesh and his brother Anil over how their father's empire would be distributed. Three years later, as the result of a settlement brokered by their mother, the siblings agreed to split the business, with Mukesh retaining control over refining, petrochemicals, oil and gas, and textile operations.
This didn't completely ease the tension between the two brothers, as they would neither settle a legal dispute over sharing natural gas nor dissolve their non-compete agreements until Reliance Industries has established several highly successful subsidiaries under Mukesh's leadership, including Reliance Retail and telecommunications company Jio.
Or you can keep it simple and focus on value investing. However, the greatest fortunes on this list started as great ideas from people with the creativity, drive, and connections to make them take off.
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