Pop quiz: Who was the first person to control a $100 billion personal fortune without adjusting for inflation? I’m not talking about Rockefeller or Carnegie, whose fortunes will need to be adjusted for inflation before reaching $340 billion and $310 billion, respectively. I’m talking about $100 billion in value for money right now. Any idea?
The answer is…
And that year was….
For a moment in 1999 at the height of the dotcom bubble, Bill Gates’ net worth was $100 billion. He was the first to break that milestone. And he didn’t last long at that milestone.
In the years following the dotcom crash, then the 2008 financial crisis, Bill Gates’ net worth fell to $40 billion.
It would take another 20 or so years for anyone else to break the $100 billion mark again. Can you guess who broke the cold line?
It’s Bill Gates again. He rejoined the club in 2017.
So if you travel back to the middle of 2017, there is only ONE centibillionaire on the planet.
At the end of 2017, there was finally a second member.
In November 2017, Jeff Bezos’ net worth crossed $100 billion for the first time.
Bernard Arnault and Warren Buffett were in and out of the club for a very brief moment in 2019. The COVID pandemic initially kept them out of the water, but eventually the two tycoons became perfectly safe at the club.
Elon Musk and Mark Zuckerberg both joined the club in August 2020.
On April 9, exactly three months ago today, we were excited to post an article reporting some shocking news. As our title reads:
“For The First Time In History, There Are 8 People On This Planet With A Net Worth Of Over $100 Billion.”
On that day, Google founders Larry Page and Sergey Brin joined Jeff Bezos, Elon Musk, Bernard Arnault, Bill Gates, Mark Zuckerberg, and Warren Buffett in the club of centibillionaires.
Fast Forward To The Present
And this is on July 9, 2021.
At the close of today’s market, for the first time in human history, there is now TEN people on the planet with a net worth of over $100 billion simultaneously.
Yesterday Steve Ballmer joined the club with a net worth that currently stands at $101 billion. Larry Ellison joins the club today with a net worth of exactly $100 billion.
To recap, it took 99 years of modern human history (beginning in 1900) for there (very briefly) to be ONE centibillionaire on the planet.
After Gates’ net worth fell in 2001, it took nearly 20 years for the world to have another billionaire.
It took several months to add a second member.
Then in the last three years, we’ve added 8 more humans with $100 billion or more.
As of this writing, the 10 richest people in the world control the combined total of:
That’s $1.261 trillion. Managed by 10 people. Here’s a list of the 10 people:
#10: Larry Ellison – $100 billion
#9: Steve Ballmer – $101 billion
#8: Warren Buffett – $105 billion
#7: Sergey Brin – $111 billion
#6: Larry Page – $115 billion
#5: Mark Zuckerberg – $130 billion
#4: Bill Gates – $148 billion
#3: Bernard Arnault – $164 billion
#2: Elon Musk – $179 billion
#1: Jeff Bezos – $213 billion