Top 10 Richest People on Planet

Top 10 Richest People on Planet

According to the latest data, Bill Gates is the richest man alive on the planet. He wealth is worth more than $70 billion.

HERE ARE WORLD'S TOP 10 CURRENT BILLIONAIRES 

#1 Bill Gates

Designation: Chairman of Microsoft and Co-Chair Bill & Melinda Gates Foundation

Worth: $70 Billion

Age: 57

Country: United States

Bill Gates is not just the richest man on Globe but also the most generous philanthropist . He has donated more than $28 billion to eliminate diseases like AIDS, polio and malaria through Bill & Melinda Gates Foundation, which is co-chaired by his spouse Melinda Gates. He is the Chairman of Microsoft, world's largest software maker. According to Bloomberg, Bill  Gates owns about 398 million shares, 4.8 percent of the company. He also has investments in real estate (Four Seasons Hotels), energy (Sapphire Energy) and photography (Corbis Images) through Cascade Investment.

#2 Carlos Slim Helu

Designation: Honorary Chairman, América Móvil

Worth: $61.8 Billion

Age: 73

Country: Mexico

Carlos Slim Helu

Carlos Slim is the richest man in Mexico and was, until recently, listed as the number one in the world for fourth successive year by Forbes. His properties are mostly invested in publicly trading companies, the biggest in America Movil. He owns 46 percent of the company. Until recently, he was worth $73 billion due to the rolling stocks at his financial arm, Grupo Financiero Inbursa, and at his Grupo Carso industrial and retail giant.

#3 Warren Buffett

Designation: CEO, Berkshire Hathaway

Worth: $57.5 Billion

Age: 82

Country: United States

The majority of his finances initiate from the textile company, Berkshire Hathaway. He initiated purchasing shares in the company in 1962 when it was struggling to continue in the market, he named it the 'dumbest stock' he ever bought but the company has been shedding substantial returns in his bags since long. Interestingly, he purchased his first stock at the age of 11 and filed his first tax return two years later. He is a very close friend of Bill Gates and contributes regularly to the Bill and Melinda Gates Foundation.

#4 Amancio Ortega

Designation: Retired

Worth: $54.8 Billion

Age: 77

He is Spain's richest   person and his ex-wife was the country's richest woman until she died few days ago - all due to world's largest clothing retailer Inditex, whose 59 percent of stocks are held by Ortega. He stepped down as the Chairman of Inditex, parent company of Zara, in 2011.

He left school at the age of 13 to work in a clothing store. In March, Ortega was at the third spot in world's richest billionaires list by Forbes for the first time.

#5 Ingvar Kamprad

Designation: Founder IKEA

Worth: $49.1 Billion

Age: 87

Country: Sweden

Ingvar Kamprad is the richest man in Sweden and for the first time is featured in the top 10 billionaires list. He stepped down as the Chairman to world's biggest furniture retailer, IKEA, last month in order to hand over the seat to his youngest son. Like Ortega in 2011, Kamprad is likely to be the top gainer in 2012 as his company made more than $36 billion in profits and $4 billion in net earnings through a chain of trusts and foundations.

#6 Charles Koch

Designation: Chairman and CEO, Koch Industries

Worth: $44.8 Billion

Age: 77

Country: United States

Charles sticks to his sixth spot like in Forbes list of 2013 richest people. He has again tied with his brother David Koch. His monetary arm gains from the 42 percent interest in the corporation he runs.

#7 David Koch

Designation: Executive Vice President, Koch Industries

Worth: $44.8 Billion

Age: 77

Country: United States

Like in March, David has for a second time tied with his brother at the sixth spot of the world's richest people list. He is more active in politics than his brother and operates the chemical wing of Koch Industries from his home. He too owns 42 percent of shares in the company like Charles and derives his prosperity from it.

#8 Larry Ellison

Designation: Founder and CEO, Oracle

Worth: $39 Billion

Age: 69

Country: United States

Larry Ellison has dropped another three spots since March, when he was the fifth richest person on Earth. He has been on a real estate buying spree since last year; buying 98 percent of a Hawaiian island from David Murdoch. Most of his wealth comes from Oracle,  the biggest ERP software company where he holds 23 percent of stocks.

#9 Christy Walton

Designation: Co-Chair, Children's Scholarship Fund

Worth: $35. Billion

Age: 58

Country: United States

Walton has made big skip and has entered the top 10 elite association. She remains the richest woman on the earth and is known as the 'Wal-Mart widow' by Forbes. She owns 402 million shares, nearly 12.2 percent of the retail company. She inherited the wealth when her husband passed away in a plane collapse in 2005.

#10 Jim Walton           

Designation: Chairman and CEO, Arvest Bank Group, Inc.

Worth: $34.3 Billion

Age: 65

Country: United States

Jim Walton is the brother-in-law of Christy Walton. He owns nearly 12.6 percent of the world's largest retailer Wal-Mart. Jim joined the business to handle real estate transactions. He also replaced his brother John, Christy's husband, on board after his death in 2005.

He also owns Bentonville's local newspaper, Benton County Daily Record.