The coronavirus pandemic has decimated wealth across the globe and is expected to push 71 million people into extreme poverty, according to the World Bank. However, billionaires, on average, saw their wealth increase by 27.5% between April and July alone, according to Swiss bank UBS. In fact, the world’s wealthiest have so much money that their fortunes often exceed the riches of entire nations. Click or scroll through some of the richest people on the planet and the countries they are richer than.
GDPs are based on the latest IMF figures and are rounded to the nearest $100 million, while each individual’s net worth is based on Forbes figures from 30 November 2020. All dollar values in US dollars.
The Kochs' immense wealth outweighs the GDPs of Libya and Trinidad and Tobago combined. Libya is a small country that is rich in oil, and crude petroleum – the black stuff in its naturally occurring, unrefined form – makes up 86.8% of the nation’s exports, and a large portion of the country’s $21.8 billion (£16.5bn) GDP. Trinidad and Tobago also depends heavily on its natural resources as it has an abundance of oil and gas, making it one of the wealthiest countries in the Caribbean with a GDP of $22.7 billion (£17.2bn). Adding both countries’ riches together equals $44.5 billion (£33.8bn), which is still $500 million (£379m) less than the fortune of Julia Koch and her children.
Michael Bloomberg is a co-founder of the financial information and media conglomerate Bloomberg LP. He also ran one of the most expensive US presidential campaigns of all time earlier this year, spending $900 million (£674m) on his campaign. Unsurprisingly Bloomberg’s assets add up to a huge sum – $54.9 billion (£41.2bn) to be exact.
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Ma Huateng, also known as Pony Ma, is the CEO of Tencent Holdings, which is the second largest company in China in terms of value – a staggering $696.6 billion (£521.8bn) as of 30 November. The best-known arm of Tencent is the online messaging app WeChat, which had around 1.2 billion monthly users in the second quarter of 2020. Ma himself also has stakes in Tesla, Spotify, and Snap Inc., which contribute to his enormous fortune of $55.3 billion (£41.5bn).
Carlos Slim Helú is Mexico’s richest man, with a net worth of $59.1 billion (£44.4bn). Slim has years of savvy investments to thank for the sensational fortune he has amassed, and he and his family control the biggest mobile telecom firm in Latin America: America Movil. Slim’s other assets include companies in construction, consumer goods, mining and real estate, as well as 17% of The New York Times newspaper.
Slim's fortune may pale in comparison to the entire wealth of his home country Mexico, which is $1.04 trillion (£789bn), but his wealth does exceed that of the whole country of Belarus, which has a GDP of $57.7 billion (£43.8bn). Belarus sits snugly between Russia, Ukraine, Latvia, Lithuania and Poland, and has a population of 9.5 million. The country also held a presidential election this year and strikes broke out across the country when President Lukaschenko held onto his title, due to widespread belief that voting was rigged.
Following her high profile and record-breaking divorce from Amazon CEO Jeff Bezos, MacKenzie Scott became the fourth wealthiest woman in the world. She received an unprecedented settlement of $35 billion (£26.7bn). Despite having given a huge portion of her wealth to charity, Scott became the richest woman in the world in September as Amazon’s stock price surged, giving her a net worth of $60.5 billion (£45.4bn).
Jack Ma co-founded Alibaba which, with a valuation of more than $730 billion (£548bn), is China’s richest company. This stellar entrepreneur started out as an English teacher, and is known for having been rejected by dozens of employers, including KFC, before he hit the big time with his e-commerce business. Despite the bumpy start, it’s safe to say that Ma is doing well for himself, with a net worth of $62.8 billion (£47.1bn).
Côte d'Ivoire, or Ivory Coast, lies on the south coast of West Africa and has a population of more than 26 million. The country is the world’s largest exporter of cocoa beans and exported around $3.57 billion (£2.7bn)-worth in 2019. The booming beans trade isn’t enough to keep up with tech giant Jack Ma however, who is $1.3 billion (£975m) richer than the country.
Alice, Rob and Jim Walton are the heirs to the Walmart empire, which was founded by their father Sam Walton in 1962. Rob Walton has the smallest wealth of the siblings at the time of writing, at $69.8 billion (£52.4bn), followed by Jim with $70.1 billion (£52.6bn) and Alice has the largest fortune, with $70.4 billion (£52.8bn). Yet each of the Waltons individually has a fortune that amounts to more than the entire GDP of not one but two countries.
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Bahrain is the smallest country in the Middle East and has a population of 1.7 million. The nation’s wealth is mostly drawn from large natural gas and oil reserves, which make up a large part of its $34.6 billion (£26.3bn) GDP. Nepal has a much larger population of 28.09 million, but a smaller GDP of $32.16 billion (£24bn). Even in combining these countries’ GDPs, each of the Walton siblings has a greater fortune. However, the whole Walton clan, including all the heirs, has a combined net worth of $215 billion (£161bn) according to Bloomberg, which means the family is wealthier than the whole of Peru, which has a GDP of $195.76 billion (£146.9bn) and is home to more than 31 million people.
Bulgaria is one of the oldest states in the continent of Europe, having been founded in the 7th century, and has a population of almost seven million. The country has a GDP of $68 billion (£51.6bn), which means Bulgaria falls short of Francoise Bettencourt Meyers’s immense riches.
It’s thanks to the work of Sergey Brin and co-founder Larry Page that Google exists, as the pair set up the company in 1998 after meeting at Stanford University. It's since blossomed into the world’s most used search engine and processes more than 3.5 billion searches every day. Sergey Brin stepped down as the president of Alphabet, the parent company of Google, in December 2019 but his wealth continues to skyrocket, and currently sits at $76.5 billion (£57.4bn).
Paraguay is at the heart of South America and has a population of around 6.7 million. Soybeans are the country’s biggest export and the raw product, meal and oil make up more than $3.6 billion (£2.7bn) of Paraguay’s $35.6 billion (£27bn) GDP. Across the South Atlantic Ocean, Cameroon sits on the coast of Central Africa. The country has a population of 23.5 million and a GDP of $39 billion (£29.6bn). Paraguay and Cameroon’s combined GDPs come to $74.6 billion (£56.6bn) – $1.9 billion (£1.4bn) less than Brin’s net worth.
Amancio Ortega is Spain’s richest person thanks to his sprawling clothing business Inditex, which is best-known for fashion brands Zara, Pull&Bear and Bershka. It has 7,500 stores across the world. Ortega is also quite the property mogul, having invested in real estate in Madrid, Barcelona, Chicago, Miami, New York and London. Growing his brands into global names has also grown Ortega his own fortune, and he currently has assets adding up to $76.8 billion (£57.6bn).
Marginally the richer of the two Google co-founders, Larry Page also stepped down from his role at the company in December 2019. Page is still a board member and controlling shareholder though, which is reflected in his enormous fortune of $78.7 billion (£59bn).
Warren Buffett is heralded as one of the most successful investors of all time, and runs the multinational conglomerate Berkshire Hathaway, which is made up of more than 60 companies. Insurance company Geico and battery maker Duracell are among the billionaire’s collection of businesses. Together with Bill Gates, Buffett launched the Giving Pledge in 2010, which asks billionaires to commit to giving away the majority of their wealth over their lifetimes. Although a known philanthropist, Buffett still has a bulging fortune of $87.4 billion (£65.6bn).
Bill Gates has become one of the richest people in the world through co-founding Microsoft in 1975. Four and a half decades later, the company continues to be one of the biggest brands in tech and Gates’ wealth continues to grow. Gates and his wife Melinda chair the world’s largest private charitable foundation, and the pair are known for their philanthropy, but they're still worth $119.3 billion (£89.5bn).
The year 2020 has been good for Elon Musk's fortune, which is five times higher than at the start of the year. In fact, Musk has gone from 31st richest person to the third richest according to Forbes, while Bloomberg says that he took the number two spot in November. His net worth currently stands at $131.6 billion (£98.8bn).
Morocco is the fifth largest country in Africa in terms of GDP and has a population of 37 million. The kingdom regained independence after living as a French protectorate between 1912 and 1956. The country’s GDP is $112.2 billion (£85.1bn) – $19.4 billion (£14.6bn) less than the wealth of Elon Musk.
Bernard Arnault's empire is made up of 70 brands including Tiffany & Co, Louis Vuitton and Sephora. Arnault's collection of luxury businesses is a far cry from the construction business started by his father, but it was money from that company that allowed him to purchase Christian Dior in 1985 and kickstart his lucrative career in extravagant goods. Bernard Arnault and his family have a net worth of $142.8 billion (£107bn).
Jeff Bezos, the founder and CEO behind online retail behemoth Amazon, is the world’s richest person with a net worth of $186.5 billion (£140bn). The coronavirus pandemic has done wonders for his fortune, which has grown by more than $72 billion (£54bn) since the start of the year, and sees him on track to be the world’s first trillionaire by 2026.
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War-torn Iraq holds the second largest proven oil reserves in the world, behind Saudi Arabia, and produces 4.8 million barrels of the black stuff every day. Crude oil made up 94% of the country’s exports in 2018, which added up to a huge $82.1 billion (£62.3bn). While Jeff Bezos’ wealth exceeds that of Iraq, it is also interesting to note how much money the billionaire has compared to the world’s poorest nations – Bezos' $186.5 billion (£140bn) fortune equals the GDPs of 54 entire countries...
Now look at nations leading the world in oil production