In a world where the politics of prosperity is the driving force behind many of the epochal events, few tales riddle and beguile us as much as the stories of those at the zenith of wealth. These are the men and women who stand as monuments to what human ambition can achieve. They are the Kings of Capital. But who are they, and what ethereal paths did they tread? Let’s unravel the tapestry, one thread at a time.

1. Jeff Bezos: The Galactic Merchant’s Business Odyssey

The tale of Jeff Bezos is one intertwined with ambition, foresight, and relentless innovation. From a simple online bookstore to a colossal global conglomerate, let’s chart the astronomical rise of Jeff Bezos and Amazon.

Starting Point: An Online Bookstore

In 1994, Bezos, inspired by the explosive growth of internet use, founded Amazon. The company began its journey as an online bookstore in Bezos’s garage in Seattle. He chose the name ‘Amazon’ to represent the massive scale he envisioned for his enterprise, inspired by the world’s largest river by volume.

Amazon’s Expansion

While the initial years were about selling books, Bezos never intended to limit Amazon to that. He envisaged a “everything store”. By the end of the 1990s, Amazon had expanded its product line to include music, videos, and electronics.

The 2000s saw Amazon introducing a plethora of innovations:

  • Amazon Prime (2005): A subscription service offering two-day shipping on millions of items, later expanding to streaming services, music, and more.
  • Amazon Web Services (AWS) (2006): A subsidiary providing on-demand cloud computing platforms and APIs, turning into a significant profit generator for the company.
  • Acquisition of Whole Foods (2017): A bold move into the brick-and-mortar retail and grocery sector.

Bezos’s Leadership Style

Critical to Amazon’s success was Bezos’s unique approach to business:

  • Customer Obsession: A relentless focus on customer satisfaction and experience.
  • Long-term Thinking: Bezos often emphasized the importance of thinking in decades rather than quarters.
  • Day One Philosophy: Bezos believed in treating every day as if it’s the first day of a startup to maintain agility and innovation.

Net Worth

As of my last update in September 2023, Jeff Bezos’s net worth was estimated at over $160 billion. However, it’s essential to note that such figures fluctuate based on Amazon’s stock price, other investments, and expenditures.

Major Investments

Beyond Amazon, Bezos has ventured into various sectors:

  1. Blue Origin: Founded in 2000, this aerospace manufacturer and suborbital spaceflight company aims to build a future where millions live and work in space.
  2. The Washington Post: Bezos acquired this storied newspaper in 2013, ushering in a new era of digital transformation for the publication.
  3. Bezos Earth Fund: In 2020, Bezos committed $10 billion to combat climate change through this initiative.
  4. Real Estate: Bezos has a substantial real estate portfolio, including homes in Beverly Hills, New York City, and a massive ranch in Texas.
  5. Venture Investments: Bezos Expeditions, his venture capital fund, has invested in numerous companies, from Airbnb to Business Insider.

2. Elon Musk: The Visionary’s Voyage through Ventures

Elon Musk, often dubbed a “real-life Iron Man,” stands as one of the most audacious and innovative entrepreneurs of our time. From electric cars to rocket ships, Musk’s ventures encompass a breadth seldom seen in the annals of business. Let’s navigate the trajectory of Musk’s meteoric rise.

Early Ventures 

Zip2 and X.com

Born in Pretoria, South Africa, in 1971, Musk’s entrepreneurial journey began in the Silicon Valley tech boom of the ’90s. His first company, Zip2, co-founded with his brother Kimbal, provided business directories and maps for newspapers. In 1999, Compaq acquired Zip2 for nearly $300 million.

Subsequently, Musk co-founded X.com, an online payment company, in 1999. After a series of transformations and mergers, X.com became what we recognize today as PayPal. It was sold to eBay in 2002 for $1.5 billion in stock.

Tesla Motors: Accelerating the EV Revolution

In 2004, Musk joined Tesla Motors (now Tesla, Inc.), co-founded by Martin Eberhard and Marc Tarpenning. While he didn’t initiate the company, his early investment and leadership role were instrumental in shaping Tesla’s vision and products. Today, Tesla is the world’s premier electric vehicle manufacturer, not only redefining transportation but also delving into clean energy solutions.

SpaceX: A Galactic Dream

Founded in 2002, Space Exploration Technologies Corp. (SpaceX) was Musk’s ambitious project aimed at reducing space travel costs and enabling Mars colonization. From the first successful launch of the Falcon 1 in 2008 to the reusable Falcon 9s and the remarkable Starship prototypes, SpaceX has not only revolutionized aerospace but also accomplished feats like transporting astronauts to the International Space Station.

Diversifying Dreams: Neuralink, The Boring Company, and More

  • Neuralink: Founded in 2016, this neurotechnology venture aims to facilitate direct communication between the human brain and machines, potentially aiding those with neurological conditions.
  • The Boring Company: Started in 2016, this infrastructure and tunnel services company was Musk’s solution to traffic congestion. By creating underground transportation systems, Musk envisions faster intra-city travel.
  • SolarCity: Co-founded by his cousins in 2006, Musk provided the initial concept and financing for this solar energy services company. Tesla later acquired it in 2016, integrating it into its clean energy division.

Net Worth

As of July 2023, Elon Musk oscillated between being the richest and the second-richest person globally, contending with Jeff Bezos. His net worth has surpassed the $232 billion mark at times, largely driven by the stock prices of Tesla and SpaceX.

Major Investments

Apart from reinvesting in his ventures, Musk has made significant investments, both in terms of money and intellectual capital, in his companies. A lion’s share of his wealth is tied to his stakes in Tesla and SpaceX. Musk is also known for his commitment to funding the development of sustainable energy, having once pledged to spend $1 billion on developing Tesla’s battery technology.

3. Warren Buffett: The Oracle of Omaha’s Odyssey in Investments

Warren Buffett, affectionately called the “Oracle of Omaha,” has become synonymous with value investing and stands as one of history’s most successful investors. His life story is a lesson in patience, acumen, and the art of capital allocation. Let’s journey through Buffett’s investment landscape.

Beginnings

Born in 1930 in Omaha, Nebraska, Buffett’s financial acumen was evident early on. Whether it was selling gum and Coca-Cola door-to-door or delivering newspapers, his entrepreneurial spirit shone through his youth.

Buffett Partnership and the Takeover of Berkshire Hathaway

Buffett’s professional career began as a stockbroker, but it was the formation of Buffett Partnership Ltd. in 1956 that marked the beginning of his investment prowess. By the mid-1960s, Buffett had grown the assets of the partnership significantly.

One of Buffett Partnership’s investments was in a textile firm named Berkshire Hathaway. By 1965, due to disagreements with management, Buffett acquired control of the company. Though the textile business eventually folded, the name endured, becoming the primary investment vehicle for Buffett.

Business Philosophy & Expansion

Buffett’s investment approach is characterized by:

  • Value Investing: Inspired by his mentor Benjamin Graham, Buffett seeks undervalued companies with inherent strengths.
  • Long-term Orientation: Buffett invests in businesses to hold indefinitely, often quipping that his favorite holding period is “forever.”

Under his guidance, Berkshire Hathaway transformed from a struggling textile firm into a conglomerate behemoth. It owns a diverse range of businesses, from insurance (GEICO) to rail transport (BNSF) to utilities (Berkshire Hathaway Energy).

Net Worth

As of January 2023, Warren Buffett’s net worth was estimated to be around $100 billion. Notably, despite his immense wealth, he’s known for his frugality and commitment to philanthropy, pledging to donate the majority of his wealth to charitable causes.

Major Investments

Berkshire Hathaway’s portfolio has seen a wide array of investments over the decades. Some of the most significant holdings (as of early 2023) include:

  • Apple: Despite traditionally avoiding tech stocks, Berkshire Hathaway is one of the largest shareholders of Apple.
  • Bank of America: A major stakeholder, highlighting Buffett’s inclination towards the banking sector.
  • Coca-Cola: A long-standing investment reflecting Buffett’s love for companies with strong brand value.
  • American Express: Another testament to his affection for financial institutions with a robust brand identity.

Apart from these, Berkshire Hathaway holds significant stakes in companies like Moody’s, Kraft Heinz, and many more.

4. Bernard Arnault: Crafting a Luxury Empire

Bernard Arnault, the name often evoked when speaking of luxury and elegance, stands as a titan in the world of high fashion and luxury goods. Through his strategic acumen, Arnault has transformed the landscape of luxury, making it not just about products but also an art of storytelling. Let’s dive into the opulent world of Bernard Arnault.

Early Venture: The Initial Foray into Luxury

Born in Roubaix, France, in 1949, Arnault’s initial ventures weren’t in luxury. He took over his father’s civil engineering company, Ferret-Savinel, in 1971. However, a decisive shift occurred in the 1980s when he acquired Financière Agache, a luxury goods company, signaling the beginning of his luxury journey.

The LVMH Dynasty: Birth and Expansion

The cornerstone of Arnault’s empire is LVMH (Moët Hennessy Louis Vuitton SE). In 1987, Arnault acquired a controlling stake in LVMH, the conglomerate formed from the merger of champagne producer Moët & Chandon, cognac maker Hennessy, and fashion house Louis Vuitton.

Under Arnault’s leadership, LVMH has grown exponentially through strategic acquisitions and brand nurturing. Today, LVMH is a luxury conglomerate comprising over 70 distinguished brands spanning fashion, wines and spirits, perfumes, cosmetics, and more. Some major milestones include:

  • Fashion: Acquisitions of iconic fashion houses such as Givenchy (1988), Marc Jacobs (1997), and most recently, the American jewelry giant Tiffany & Co. (2020).
  • Wines & Spirits: While Moët & Chandon and Hennessy were foundational, the addition of prestige brands like Dom Pérignon, Veuve Clicquot, and Krug bolstered the segment.
  • Perfume & Cosmetics: Holding brands like Guerlain, Parfums Christian Dior, and Sephora, LVMH has a strong presence in this sector.
  • Watches & Jewelry: Beyond Tiffany & Co., brands like TAG Heuer and Bulgari are significant players under LVMH’s banner.

Net Worth

As of July 2023, Bernard Arnault was frequently contending with the likes of Elon Musk and Jeff Bezos for the title of the world’s richest individual. His net worth has at times exceeded $230 billion, mainly tied to his holdings in LVMH.

Major Investments

While LVMH remains the crown jewel, Arnault’s investment landscape extends beyond:

  1. Groupe Arnault: This is the family holding company and is the primary shareholder of LVMH. Through Groupe Arnault, he’s made several investments in tech companies and other sectors.
  2. Carrefour: Arnault, in partnership with Colony Capital, held a significant stake in the French multinational retail corporation.
  3. Yoox Net-a-Porter: LVMH, under Arnault’s guidance, has also ventured into the online luxury retail segment, with investments in platforms like Yoox Net-a-Porter.
  4. Blue Capital: Through joint ventures like Blue Capital, Arnault has held interests in various other businesses, from auction houses to digital enterprises.

5. Mukesh Ambani: The Pillar of India’s Industrial Fortitude

Mukesh Ambani, often considered the linchpin of India’s corporate landscape, helms one of the world’s most influential conglomerates: Reliance Industries Limited (RIL). Over the years, his leadership has not only fortified Reliance’s core sectors but has also overseen its diversification into new-age industries. Let’s delve into the impressive trajectory of Mukesh Ambani.

The Reliance Legacy

The Reliance story commenced with Dhirubhai Ambani in the 1970s, primarily as a textile company (known for the brand “Vimal”). Upon Dhirubhai’s demise in 2002, a public family feud resulted in the division of the Reliance empire between his two sons, Mukesh and Anil. Mukesh took over the helm of RIL, steering sectors like refining, petrochemicals, and oil exploration.

Expanding Horizons: Beyond Petrochemicals

While petrochemicals and refining remained RIL’s cash cows, Mukesh’s vision transcended these traditional domains:

  • Retail: Mukesh forayed into retail with the brand ‘Reliance Fresh’ in 2006, later expanding the venture into a multi-format retail business encompassing electronics, fashion, and grocery segments under brands like Reliance Digital, Reliance Trends, and more.
  • Telecommunications: Jio, launched in 2016, disrupted the Indian telecommunications market with its affordable 4G offerings. Within a few years, it became India’s leading telecom operator.
  • Digital Ecosystem: Post Jio’s success, Ambani turned his eyes towards establishing a holistic digital ecosystem. Jio Platforms, a tech subsidiary, focuses on areas like digital commerce, media, AI, and cloud technologies.
  • Media & Entertainment: Acquiring Network18, a significant media conglomerate, bolstered RIL’s presence in this sector.

Net Worth

As of May 2023, Mukesh Ambani was consistently among the top 10 richest individuals globally, with a net worth hovering around the $87.2 billion mark. The valuation of Reliance Industries, coupled with its subsidiary Jio Platforms, significantly influences this figure.

Major Investments

While RIL remains central, Mukesh Ambani’s investments span diverse sectors:

  1. Petrochemicals & Refining: RIL’s Jamnagar refinery is among the world’s largest and plays a pivotal role in the company’s valuation.
  2. Telecom Infrastructure: Investment in creating a robust pan-India 4G network laid the foundation for Jio’s unprecedented success. Ambani’s recent endeavors hint towards the 5G market.
  3. Digital Platforms: RIL’s tech arm, Jio Platforms, saw investments from global giants like Google and Facebook in 2020, validating its potential.
  4. Retail Infrastructure: The acquisition spree to bolster its retail segment saw investments in various regional retailers and a significant deal with the global retail giant, Future Group.
  5. Green Energy: In the 2021 Reliance AGM, Ambani announced a $10 billion commitment over three years towards green energy initiatives.

6. Vladimir Putin: Power, Politics, and Speculations

Vladimir Putin, a figure surrounded by layers of mystique and intrigue, has been a dominant player on the global political stage for over two decades. While primarily known as a political leader and not a business tycoon, his tenure in Russia’s leadership positions has been marred with speculations and controversial claims about wealth accumulation, making his financial affairs a subject of global curiosity. Here’s an attempt to elucidate some details surrounding Vladimir Putin.

Political Ascendancy

Putin’s journey began in St. Petersburg (then Leningrad) where he was born in 1952. He joined the Soviet Union’s security agency, the KGB, and served as an intelligence officer for 16 years. In the 1990s, post the dissolution of the Soviet Union, Putin transitioned into politics, rapidly climbing the ranks. By 1999, he was appointed Prime Minister under President Boris Yeltsin and took over the presidency after Yeltsin’s abrupt resignation.

Claims and Speculations of Wealth

Putin’s official salary and declarations suggest a modest lifestyle for a head of state. However, multiple reports, investigations, and claims from defectors suggest a shadowy nexus between Putin, oligarchs, and state-controlled businesses.

  1. State Assets Control: One widely speculated avenue of Putin’s alleged wealth accumulation is through a complex web of ownership in several state-controlled firms, particularly in the energy sector. Gas giant Gazprom, oil behemoth Rosneft, and other state corporations have been at the center of these claims. However, concrete proof of direct ownership remains elusive.
  2. Oligarchic Relationships: Over the years, Putin has cultivated relationships with several Russian oligarchs. It’s speculated that some of these billionaires act as ‘stewards’ of Putin’s wealth, holding assets on his behalf.
  3. Palaces and Properties: Investigative reports, like the one by opposition figure Alexei Navalny, have highlighted lavish palaces and estates allegedly linked to Putin. The most famous of these is the “Black Sea Palace” near Gelendzhik.

Net Worth

Estimating Putin’s net worth is a challenging endeavor, riddled with uncertainties. While official Kremlin statements paint a picture of modest wealth, some estimates, such as those from exiled businessmen and former Kremlin insiders, suggest figures ranging from $40 billion to even $200 billion. These numbers would place him among, if not at the very pinnacle of, the world’s richest individuals. However, these figures are speculative and have not been definitively substantiated.

Major Investments

Direct investments or holdings linked to Putin are hard to pinpoint due to the lack of concrete evidence and transparency:

  1. Precious Metals: Some speculations hint at Putin having vast holdings in gold and other precious metals.
  2. Swiss Bank Accounts: Unverified reports suggest billions stashed in Swiss bank accounts.
  3. Corporate Shares: As mentioned earlier, alleged indirect stakes in companies like Gazprom and Rosneft are often highlighted.

7. Carlos Slim: Mexico’s Telecom Titan

Carlos Slim Helú, the Mexican business magnate, stands as one of the world’s wealthiest individuals and is often dubbed the ‘Warren Buffet of Mexico’. With a business empire that spans telecommunications, construction, banking, mining, and real estate, Slim’s influence permeates several sectors of the Mexican and Latin American economy. Let’s journey through the expansive world of Carlos Slim.

Early Ventures

Carlos Slim was born in 1940 to Lebanese immigrant parents in Mexico City. His business acumen became evident early on, as he began trading in stocks at the tender age of 12. After studying civil engineering, Slim ventured into the realm of business by establishing Inversora Bursátil and purchasing Jarritos del Sur, laying the foundation for his future conglomerate.

Telecom Domination: América Móvil

Slim’s most prominent business move was his acquisition of the state-run phone company, Telmex, during its privatization in 1990. Over the years, Telmex evolved into América Móvil, which is now one of the largest telecommunications companies globally. The company boasts a dominant presence not just in Mexico but across Latin America, serving millions with its mobile and broadband services.

Diversification and Expansion

While telecommunications remains central, Slim’s Grupo Carso conglomerate spans various industries:

  • Retail and Consumer: Sanborns, a major retail, restaurant, and department store chain, falls under Slim’s portfolio.
  • Construction: Through companies like CICSA, Slim has been involved in significant infrastructure projects in Mexico and beyond.
  • Banking and Finance: Grupo Financiero Inbursa, Slim’s financial venture, offers banking and insurance services.
  • Mining: Minera Frisco, another Slim enterprise, focuses on gold, silver, and other mining endeavors.
  • Real Estate: Slim has made numerous investments in prime real estate across the globe, including the iconic Duke Seamans mansion in New York.

Net Worth

As of June 2023, Carlos Slim’s net worth hovered around the $96 billion mark. While he has, at times, claimed the title of the world’s richest individual, his position often oscillates within the top ten, largely due to the performance of América Móvil and his other major holdings.

Major Investments

Apart from his central businesses, Slim’s investments are both vast and varied:

  1. The New York Times: One of Slim’s most notable international investments is his stake in The New York Times, where he became the largest individual shareholder in 2015.
  2. Energy: Following Mexico’s move to open its energy sector to private investment, Slim ventured into oil and related sectors, securing contracts for oil exploration and drilling.
  3. Infrastructure: Slim has often emphasized the importance of infrastructure for Latin America’s development, leading to investments in transportation and urban development projects.
  4. Technology: Slim holds stakes in various tech companies, both in Mexico and internationally, underpinning his belief in the digital future.

8. Larry Ellison: Oracle’s Visionary and Beyond

Larry Ellison, co-founder of Oracle Corporation, stands out as one of the foremost figures in the world of technology and enterprise software. Known for his ambitious drive, penchant for luxury, and a competitive spirit that transcends just the business realm, Ellison’s influence in Silicon Valley is both significant and enduring. Here’s a closer look at his remarkable trajectory.

Setting the Stage: Oracle’s Inception

Born in the Bronx, New York, in 1944, Ellison’s introduction to the world of technology began during the 1970s in California. It was in 1977, alongside Bob Miner and Ed Oates, that Ellison co-founded Software Development Labs, which soon transformed into Oracle, named after their first project for the CIA.

Oracle’s big break came with the introduction of its relational database, Oracle Database, in the late 1970s. In a time when the tech world was rapidly evolving, Oracle set itself apart by offering a more flexible and efficient solution for data management.

Expansion and Challenges

While Oracle’s initial years were characterized by rapid growth, the 1990s posed challenges. Financial inconsistencies and looming competition threatened its position. However, Ellison’s leadership saw the company through acquisitions and innovations:

  1. Acquisitions: Oracle’s aggressive acquisition strategy helped consolidate its position. Some notable takeovers include PeopleSoft, Sun Microsystems, and NetSuite. These helped Oracle diversify and expand its product range.
  2. Cloud Transition: Recognizing the industry’s shift towards cloud computing, Ellison steered Oracle towards offering cloud solutions, ensuring its continued relevance in a changing tech landscape.

Net Worth

As of June 2023, Larry Ellison’s net worth was estimated to be around $135 billion, making him one of the top 10 richest individuals globally. His wealth primarily stems from Oracle’s success, but also from a plethora of other investments and ventures.

Major Investments and Ventures

Beyond Oracle, Ellison’s business interests are both diverse and intriguing:

  1. Aerospace: Ellison co-founded Planetary Resources, which aims to mine asteroids for precious metals. He also invested in the wellness startup, Ring.
  2. Real Estate: Ellison is known for his impressive real estate portfolio, which includes homes in Malibu, California; a historic garden property in Japan; and the entire Hawaiian island of Lanai which he purchased in 2012.
  3. Sports and Leisure: Ellison’s love for tennis and sailing is well-documented. He owns the Indian Wells Tennis Garden in California and has funded Oracle Team USA in the America’s Cup sailing race.
  4. Healthcare: In 2020, Ellison co-founded a wellness startup called Sensei, combining genomics and data analysis to promote health and longevity.

9. Jack Ma: The Maestro of E-commerce in China

Jack Ma’s ascent from a humble English teacher in Hangzhou to the helm of China’s e-commerce behemoth, Alibaba, stands as a testament to his vision, tenacity, and the transformative power of technology. He symbolizes the meteoric rise of e-commerce and fintech in China, reshaping how millions shop, pay, and conduct business. Let’s delve deeper into the world of Jack Ma.

From Humble Beginnings to E-commerce Pioneer

Born in 1964 in Hangzhou, China, Jack Ma faced numerous early rejections, including from Harvard University (10 times) and several job applications. His initial interaction with the internet during a US trip in the 1990s sparked an idea: to build a platform for Chinese enterprises to connect with the world. His first venture, China Pages, although not successful, sowed the seeds for greater things to come.

In 1999, from the confines of his apartment, Ma co-founded Alibaba with a group of friends. Envisioned as a B2B platform connecting Chinese suppliers with overseas buyers, Alibaba quickly gained traction.

Alibaba and Beyond

Alibaba Group’s success is not limited to just one platform:

  1. Taobao: Launched in 2003, this B2C and C2C platform rapidly became China’s leading online shopping destination, overshadowing competitors like eBay in China.
  2. Alipay: Recognizing the need for a seamless online payment system in China, Ma introduced Alipay in 2004, which later morphed into Ant Group – a major player in the fintech space, offering a wide range of financial services.
  3. Tmall: Addressing the premium market, Tmall was introduced as a B2C platform for brands to connect with Chinese consumers.
  4. Alibaba Cloud: Venturing into cloud computing, this arm of Alibaba Group aims to challenge global giants like Amazon Web Services and Microsoft Azure.

Expansion Through Strategic Investments

Jack Ma, through Alibaba, has made numerous investments across sectors:

  • E-commerce: Investments in regional e-commerce players like Lazada in Southeast Asia.
  • Media: Acquisitions and investments in companies like South China Morning Post and Youku Tudou (a video platform).
  • Technology: Investments in tech startups across the globe, spanning AI, logistics, and more.
  • Retail: To realize his vision of “New Retail,” Ma led Alibaba to invest in and collaborate with physical retail chains in China.

Net Worth

As of June 2023, Jack Ma’s net worth was estimated to be around $34.5 billion. While he stepped down as Alibaba’s chairman in 2019, he remains a significant shareholder. However, it’s worth noting that his net worth has seen fluctuations, especially given the changing regulatory landscape in China.

10. Françoise Bettencourt Meyers: Steward of the L’Oréal Legacy

Often cited among the world’s wealthiest women, Françoise Bettencourt Meyers stands as the guardian of the vast L’Oréal fortune. Contrary to many business magnates, Meyers’ influence primarily revolves around her inheritance and stewardship of a colossal legacy, rather than creating a new empire. Let’s explore the narrative of Françoise and the cosmetic titan, L’Oréal.

L’Oréal: The Genesis

Before diving into Françoise’s role, understanding L’Oréal’s roots is pivotal. The company was founded by Eugène Schueller, Françoise’s grandfather, in 1909. Originating as a hair dye manufacturer, L’Oréal transformed over the decades, becoming the world’s largest cosmetics and beauty conglomerate.

Françoise’s Inheritance

Françoise Bettencourt Meyers, born in 1953, is the only child of Liliane Bettencourt, who was once the world’s richest woman. Liliane was the sole heir of Eugène Schueller. Françoise, a reserved figure compared to her flamboyant mother, has always been more inclined towards literature and the arts. She’s penned several books on Greek mythology and Jewish-Christian relations.

Upon Liliane’s passing in 2017, Françoise inherited the L’Oréal stake, making her the world’s richest woman. Her role in the company, however, is largely governance-based, ensuring the legacy’s preservation and steering its philanthropic endeavors.

Net Worth

As of August 2023, Françoise Bettencourt Meyers’ net worth was estimated to be over $90.4 billion. This wealth is predominantly anchored in her family’s roughly 33% stake in L’Oréal, which has consistently increased in value over the years, supplemented by dividends and other investments.

Major Investments

While L’Oréal remains the cornerstone of the family’s wealth, there are other investments:

  1. Nestlé: The Bettencourt family entered a pact with Nestlé in the 1970s, which saw the Swiss conglomerate acquiring a part of their L’Oréal stake. This alliance has undergone various changes, but both entities still hold significant shares in each other.
  2. Philanthropy: Françoise and her family have been renowned for their charitable activities. The Bettencourt Schueller Foundation, which she chairs, is instrumental in supporting and developing medical, cultural, and humanitarian projects. The foundation has invested significantly in life sciences, arts, and inclusive society initiatives.

11. Mark Zuckerberg – The Social Networker

Mark Zuckerberg is best known for co-founding Facebook, and his business journey is a combination of innovation, timely acquisitions, and strategic investments. Here’s a detailed look at his trajectory:

Facebook (2004): 

Mark Zuckerberg co-founded Facebook in 2004 while he was a sophomore at Harvard University. Initially intended for Harvard students, the website’s membership was expanded to other Ivy League schools, and eventually to most universities in the U.S. and Canada. By 2006, anyone aged 13 and over with a valid email address could join.

Expansion and Acquisitions:

  • Instagram (2012): Acquired for about $1 billion in stock and cash. This photo-sharing platform turned out to be one of Facebook’s most lucrative acquisitions, boasting over a billion users as of my last training data in early 2023.
  • WhatsApp (2014): Purchased for around $19 billion in cash and stock. This messaging app was another strategic move to capture a massive user base globally.
  • Oculus VR (2014): Acquired for about $2 billion. Oculus produces virtual reality hardware and software products, a nod to Zuckerberg’s interest in emerging tech and his vision of more immersive social experiences.
  • Several other smaller acquisitions: Over the years, Facebook (rebranded as Meta in 2021) has acquired various startups and companies to integrate their technologies, talents, or user bases.

Rebranding to Meta (2021):

In October 2021, Mark Zuckerberg announced that Facebook Inc. would be rebranded as “Meta”. This shift marked the company’s broader focus on building the “metaverse”, a collective virtual shared space, created by converging physical and virtual reality.

Net Worth: 

Mark Zuckerberg’s net worth has fluctuated over the years based on Facebook/Meta’s stock performance, among other factors. As of early 2023, his net worth was estimated to be over $109 billion, making him one of the richest people in the world. However, these numbers can vary based on stock market valuations and other investments.

Major Investments: 

Beyond acquisitions, Zuckerberg has ventured into various personal and philanthropic investments.

  1. Chan Zuckerberg Initiative (CZI): Founded in 2015 by Mark Zuckerberg and his wife Priscilla Chan, CZI is a philanthropic organization focused on science, education, justice, and opportunity. The couple pledged to donate 99% of their Facebook shares over their lifetimes to the initiative.
  2. Venture investments: Zuckerberg has also been involved in some personal venture investments, though these are smaller in scale compared to his Meta holdings.

12. Larry Page & Sergey Brin – The Web Weavers

Larry Page and Sergey Brin, often referred to as the co-founders of Google, have indelibly shaped the landscape of the internet. Here’s a detailed look at their business journey, their expansion strategies, net worth, and significant investments:

Google (1996): 

Larry Page and Sergey Brin met at Stanford University while pursuing their Ph.Ds. They began collaborating on a search engine called BackRub in 1996. By 1997, they had renamed their project “Google”. The name is a play on the word “googol”, referring to the number 1 followed by 100 zeros, which captures their mission to organize an immense amount of information available on the web.

Expansion and Acquisitions:

  • AdWords (2000): This self-service ad program, launched in 2000, became a major source of revenue for Google, laying the foundation for its advertising dominance.
  • YouTube (2006): Acquired for $1.65 billion in stock. This platform would go on to be the world’s most popular video-sharing site.
  • Android (2005): Google acquired Android Inc. for an undisclosed sum (estimated at around $50 million). This was a strategic move into the mobile operating system space, and Android would become the dominant OS globally.
  • DoubleClick (2007): Acquired for $3.1 billion, enhancing Google’s advertising services and expanding its ad network.
  • Waze (2013): Purchased for around $1.1 billion, which bolstered Google’s mapping and navigation services.
  • Google Cloud: While not an acquisition, Google’s foray into cloud services positioned it as one of the major players in the cloud computing industry, alongside Amazon and Microsoft.
  • Many other acquisitions: Over the years, Google (now Alphabet) has acquired various companies, ranging from artificial intelligence to health tech, to expand its technology arsenal and enter new markets.

Alphabet Inc. (2015): 

In 2015, Larry and Sergey announced a major restructuring of Google by creating a new parent company called Alphabet Inc. This allowed other ventures and acquisitions (like Waymo, Calico, and others) to operate more independently, with Google being the largest wholly-owned subsidiary.

Net Worth: 

Both Larry Page and Sergey Brin are among the wealthiest individuals globally. As of early 2023:

  • Larry Page: His net worth was estimated to be over $20 billion.
  • Sergey Brin: His net worth was similarly in the ballpark of $1.8 billion.

Please note, these figures fluctuate based on Alphabet’s stock performance and other factors.

Major Investments & Ventures:

  1. Space Exploration: Both co-founders have shown interest in space. While not a direct investment, they’ve supported and collaborated with ventures like SpaceX.
  2. Planetary Ventures: Larry Page invested in this asteroid mining venture.
  3. Kitty Hawk and Terrafugia: Page funded these ventures, focused on developing flying cars.
  4. Philanthropy: Both have been involved in various philanthropic efforts, ranging from education to health to supporting technological innovation for societal benefits.

13. Li Ka-shing – The Hong Kong Heavyweight

Li Ka-shing is one of Asia’s most influential businessmen and philanthropists, with a sprawling empire that spans various industries. Let’s delve into his journey, business expansions, net worth, and major investments.

Early Days

Li Ka-shing was born in 1928 in Chaozhou, China. Fleeing war-torn China, his family relocated to Hong Kong in the 1940s. After the death of his father, a 15-year-old Li had to leave school to work as a salesman. His relentless work ethic and business acumen laid the foundation for his future empire.

Plastic Manufacturing (1950)

Li’s journey as an entrepreneur began in earnest when he founded Cheung Kong Industries in 1950. Initially focused on manufacturing plastic flowers, the business expanded its product range, leveraging post-war demand and becoming a leading name in the industry.

Real Estate and Expansion (1970s and 1980s)

  • Cheung Kong Holdings: In 1971, Li made a pivotal move into real estate, buying up properties during a downturn. This became Cheung Kong Holdings, one of Hong Kong’s leading property developers. The company diversified into infrastructure, telecommunications, and utilities.
  • Hutchison Whampoa Acquisition (1979): This acquisition was a game-changer. Hutchison Whampoa was a major conglomerate with a diverse range of businesses from ports to retail.

Global Investments and Diversification (1990s onwards):

  • Ports: Through Hutchison Ports, Li became one of the world’s largest operators of port terminals, spanning countries from the UK to China to Panama.
  • Telecommunications: In the 2000s, Li expanded into mobile telephony, founding or acquiring telecom operations in numerous countries under names like 3, Hutch, and more.
  • Retail: AS Watson, under Li’s realm, became the world’s largest health and beauty retailer, boasting brands like Superdrug (UK) and Kruidvat (Netherlands).
  • Energy and Infrastructure: With businesses like Husky Energy in Canada and investments in electricity, water, and other utilities globally.

Restructuring and CK Hutchison Holdings (2015): 

In a significant move, Li restructured his empire, consolidating various businesses under CK Hutchison Holdings and spinning off the property assets into CK Asset Holdings.

Net Worth: 

Li Ka-shing’s net worth has consistently made him one of the richest individuals in Asia and the world. As of early 2023, his net worth was estimated to be around $37.4 billion. However, these figures can fluctuate based on the performance of his vast portfolio of assets and investments.

Major Investments & Ventures:

  1. Tech Investments: Li has invested in various technology companies, ranging from Facebook to Spotify, showcasing his vision of diversifying beyond traditional industries.
  2. Health and Biotech: Li’s Horizon Ventures has backed multiple biotech firms, reflecting his interest in the sector.
  3. Philanthropy: Li is a noted philanthropist, having donated billions to educational institutions, healthcare initiatives, and more, both in Hong Kong and globally.

14. Warren Stephens – The Banking Baron

Warren Stephens is an American financier primarily known for his leadership of Stephens Inc., a privately-held, independent financial services firm based in Little Rock, Arkansas. Let’s delve into his journey, business expansions, net worth, and major investments.

Early Days and Family Legacy

Warren Stephens is part of a lineage of financial professionals. Stephens Inc. was founded in 1933 by his uncle, W.R. Witt Stephens. The firm initially focused on municipal bonds. Warren’s father, Jackson T. Stephens joined the firm and together with Witt expanded its services.

Taking the Helm (1986) 

Warren Stephens began his career at Stephens Inc. in 1973. After climbing the ranks and gaining experience in various facets of the business, he took over as President and CEO in 1986 after buying out other family members. Under his leadership, the company underwent further expansion.

Expanding Services and Reach

Stephens Inc. under Warren’s guidance continued to broaden its suite of financial services:

  • Investment Banking: The firm has been involved in a range of financial advisory services, mergers and acquisitions, and underwriting.
  • Private Equity: Engaged in buyouts, investments, and other private equity activities.
  • Research and Wealth Management: Offering comprehensive wealth management services and proprietary research to its clients.
  • Brokerage and Insurance: The firm has been active in providing brokerage services and insurance products to various clients.

Major Investments and Deals

  1. Notable M&A Activities: Stephens Inc. has been involved in various mergers and acquisitions, serving clients across different industries.
  2. Donrey Media Group: In the 1990s, Warren Stephens acquired Donrey Media Group, later renamed Stephens Media LLC. It owned multiple newspapers across the U.S. The Las Vegas Review-Journal, one of its prominent assets, was sold in 2015.
  3. Energy and Infrastructure: Warren Stephens has had investments in energy, utilities, and related infrastructure sectors.
  4. Real Estate: Warren has shown interest in real estate investments over the years.

Net Worth

As of the latest available data up to early 2023, Warren Stephens’ net worth was estimated to be in the ballpark of $113.52 million. However, as with all privately-held assets and fortunes, precise numbers might vary based on undisclosed holdings and market conditions.

Philanthropy and Civic Engagement

Beyond his financial ventures, Warren Stephens has been actively involved in philanthropic activities. The Stephens family has supported various causes, particularly in education, health, and cultural initiatives in Arkansas and beyond.

15. Rupert Murdoch – The Media Monarch

Rupert Murdoch, often referred to as a media mogul, has shaped the global media landscape with a multitude of newspapers, television networks, and other media entities. Here’s an overview of his business journey, expansion strategies, net worth, and significant investments:

Early Days and Family Legacy

Rupert Murdoch was born in 1931 in Melbourne, Australia. He inherited a newspaper, the Adelaide News, from his father in 1952. This modest beginning laid the foundation for what would become a global media empire.

Expanding in Australia (1950s and 1960s)

  • Murdoch grew his Australian portfolio by acquiring additional newspapers across the country, including titles like the Sydney-based Daily Mirror.
  • In 1964, he launched The Australian, the country’s first national daily newspaper.

Entering the UK Market (1969)

Rupert ventured outside Australia in the late 1960s, acquiring the British tabloids News of the World and The Sun. Under his ownership, The Sun saw rapid circulation growth and became one of the UK’s most influential tabloids.

Foray into the US (1970s and 1980s)

  • Newspapers: Murdoch began his US expansion by purchasing the San Antonio Express-News. In the 1980s, he expanded further with the acquisition of several iconic titles, including the Chicago Sun-Times and The New York Post.
  • Television: Murdoch bought a series of American television stations, forming the foundation for the Fox Broadcasting Company, which launched in 1986.

Continued Global Expansion (1990s and 2000s)

  • Television: The 1990s saw the expansion of Fox with shows that became cultural mainstays. In 1996, he launched Fox News Channel, which rapidly became a dominant force in American cable news.
  • Film: Murdoch acquired 20th Century Fox, delving into the film industry.
  • Sports: He ventured into sports broadcasting with the establishment of Fox Sports.
  • International: His media reach extended with assets like Star TV in Asia and Sky in Europe.

The Rise of News Corp and 21st Century Fox

Murdoch consolidated many of his media businesses under News Corporation. In 2013, he split the empire into two entities:

  • News Corp: Focused primarily on print and digital media, housing assets like The Wall Street Journal, The New York Post, and HarperCollins.
  • 21st Century Fox: This entity housed television, film, and cable assets like Fox News, 20th Century Studios, and the Fox broadcast network. In 2019, a significant portion of 21st Century Fox was sold to The Walt Disney Company, although Murdoch retained several assets, including Fox News and the Fox broadcast network.

Net Worth

As of early 2023, Rupert Murdoch’s net worth was estimated to be around $8.35 billion. However, due to the ever-changing nature of stock prices and the media industry, this figure is subject to fluctuation.

Major Investments & Ventures

  1. Digital: Murdoch made several digital investments, including the acquisition of MySpace (which was later sold).
  2. Real Estate: Murdoch has had various real estate holdings globally.
  3. Education: He ventured into the education tech space with investments in entities like Amplify Education.

16. Michael Bloomberg – The Information Industrialist

Michael Bloomberg is a multifaceted figure, renowned not just for his business acumen but also for his political and philanthropic endeavors. Here’s a deep dive into his business journey, growth strategies, net worth, and key investments:

Early Career

Born in 1942 in Boston, Michael Bloomberg began his career at the securities brokerage Salomon Brothers in 1966. He quickly climbed the ranks, becoming a partner in 1972. However, in 1981, after a merger, Bloomberg was laid off from Salomon Brothers.

Launching Bloomberg L.P. (1981)

  1. Utilizing his severance package from Salomon Brothers, Bloomberg founded Innovative Market Systems, which was later renamed Bloomberg L.P. The company introduced the Bloomberg Terminal, a groundbreaking piece of hardware that provided real-time financial data to professionals.
  2. The success of the Bloomberg Terminal was pivotal. It addressed a significant gap in the market by providing instant, accurate financial data to traders and finance professionals.

Diversification and Expansion

  1. Bloomberg News: In the 1990s, to supplement the data on his terminals, Bloomberg established Bloomberg News. This became a reputable global news organization covering not just finance but also general news.
  2. Bloomberg Television and Radio: These platforms further expanded Bloomberg’s media footprint, providing financial news and analysis to a global audience.
  3. Bloomberg Markets Magazine: Yet another venture, this monthly magazine was directed primarily at global financial professionals.
  4. Online Presence: With the advent of the internet, Bloomberg expanded its services online, making financial data, tools, and news available to a broader audience.

Returning to Bloomberg L.P. (2014) 

After serving three terms as the Mayor of New York City from 2002 to 2013, Bloomberg returned to his company in 2014, resuming an active leadership role and guiding its future trajectory.

Net Worth

As of early 2023, Michael Bloomberg’s net worth was estimated to be around $94.5 billion. Given his diverse investments and the dynamic nature of markets, this figure can fluctuate.

Major Investments & Ventures:

  1. Real Estate: Bloomberg has invested in various real estate assets over the years, both personally and through his company.
  2. Technology and Innovation: Bloomberg has always been keen on technological innovations, leading to investments in various tech platforms and startups.
  3. Philanthropy: While not a “business” in the traditional sense, it’s worth noting that Bloomberg is a major philanthropist. He has pledged and donated billions to a range of causes, including climate change, public health, education, and the arts, through his charitable foundation, Bloomberg Philanthropies.

Political Endeavors 

While his primary identity remains that of a business magnate, Bloomberg’s influence has also been significant in politics. He served as the Mayor of New York City and even sought the Democratic nomination for the U.S. presidency in 2020.

17. Richard Branson – The Maverick Mogul

Sir Richard Branson is one of the world’s most iconic entrepreneurs, known for his adventurous spirit and knack for entering and disrupting various industries. Let’s take a look at his business trajectory, expansion strategies, net worth, and major investments:

The Humble Beginnings

Born in 1950, Branson displayed entrepreneurial tendencies from a young age. In the late 1960s, he started a magazine named ‘Student’ while still in school.

Virgin Records (1972)

  1. Using the proceeds from the magazine, Branson ventured into the music industry by launching a mail-order record business. This quickly expanded into a brick-and-mortar store on Oxford Street, London.
  2. In 1972, the first Virgin Records studio was opened, and not long after, it signed a plethora of artists, with Mike Oldfield’s ‘Tubular Bells’ being one of its first major successes.
  3. Virgin Records grew exponentially and signed various big names, including the Sex Pistols and The Rolling Stones. In 1992, Branson sold Virgin Records to EMI Records for nearly $1 billion, using the proceeds to support his burgeoning airline business.

Virgin Atlantic (1984)

Branson’s foray into the airline industry began in 1984 with the inception of Virgin Atlantic. The airline became known for its innovative service, challenging the dominance of long-established competitors.

Diversification of the Virgin Brand: 

Branson’s modus operandi often involved entering diverse industries, creating a splash with a distinct approach, and branding them under the “Virgin” name:

  1. Virgin Mobile (1999): A venture into the telecommunications sector.
  2. Virgin Trains (1997-2019): Rail service in the UK.
  3. Virgin Active: A chain of health clubs and gyms.
  4. Virgin Money: Financial services, which included banking and credit services.
  5. Virgin Galactic (2004): A spaceflight company aiming to provide suborbital space flights to the public.

Net Worth: 

As of early 2023, Richard Branson’s net worth was estimated to hover around $3 billion. Given his varied interests and the dynamic nature of markets, this number can fluctuate.

Major Investments & Ventures:

  1. Space Tourism: With Virgin Galactic, Branson tapped into the nascent space tourism industry. He became one of the first entrepreneurs to offer commercial space travel experiences, a testament to his forward-thinking and risk-taking attitude.
  2. Clean Energy: Branson has invested in renewable energy projects and initiatives, emphasizing his concern for the environment.
  3. Healthcare: Branson entered the health sector with ventures like Virgin Health Bank and Virgin Care.
  4. Hospitality: He ventured into the hospitality sector with Virgin Hotels, offering boutique experiences in various cities.

Failures & Setbacks: 

Not all of Branson’s ventures were successful. Virgin Cola, Virgin Cars, and Virgin Brides are examples of businesses that did not sustain. However, these failures never deterred him from exploring new avenues.

Philanthropy: 

Branson is a signatory of The Giving Pledge, committing to donate the majority of his wealth to charitable causes. His philanthropic endeavors include initiatives in education, health, and environment, often channeled through Virgin Unite, the charitable arm of the Virgin Group.

18. Kylie Jenner – The Cosmetic Queen

Kylie Jenner, the youngest of the Kardashian-Jenner clan, has made a significant mark in the business world, particularly with her cosmetics company. Here’s a detailed overview of her business journey, growth strategies, net worth, and major investments:

Reality TV and Early Ventures

Kylie Jenner rose to fame through the reality TV show “Keeping Up with the Kardashians.” The visibility from this platform allowed her to venture into business at a young age, initially collaborating with her sister Kendall Jenner on clothing lines for brands like PacSun.

Kylie Cosmetics (2015)

  1. Launch: Kylie started with the “Kylie Lip Kit” in 2015, a combination of a liquid lipstick and lip liner. Capitalizing on her enormous social media presence, she promoted the products, which quickly sold out.
  2. Expansion: Following the success of the Lip Kit, she launched Kylie Cosmetics, expanding her range to include eyeshadows, blushes, highlighters, and more.
  3. Pop-up Stores and Retail Presence: Kylie organized pop-up stores in various locations to promote her brand, leading to significant footfall and sales. In 2019, a deal with Ulta Beauty saw Kylie Cosmetics products being made available in Ulta’s retail stores nationwide.

Kylie Skin (2019)

Building on the success of her cosmetics line, Kylie ventured into skincare, launching products like face wash, toner, and moisturizer.

Sale to Coty Inc. (2019)

In a significant move, Kylie sold a 51% stake in Kylie Cosmetics to beauty conglomerate Coty Inc. for $600 million, valuing the company at $1.2 billion. This collaboration aimed at expanding the brand globally and entering new beauty categories.

Net Worth

Kylie’s net worth has been a topic of much discussion. In 2019, Forbes labeled her the world’s youngest self-made billionaire, a title that drew controversy and debate over the definition of “self-made.” As of early 2023, her net worth was estimated to be around $750 million, but this figure can change based on business deals, market dynamics, and other investments.

Major Investments & Ventures

  1. Real Estate: Kylie has invested significantly in real estate, owning multiple properties in California.
  2. Brand Collaborations: Over the years, Kylie has collaborated with various brands, leveraging her massive social media influence.
  3. Merchandising: Capitalizing on her brand value, Kylie has released merchandise, including clothing and accessories, often tied to her cosmetic releases or personal milestones.

Controversies

While her business journey has seen many highs, it’s not been without controversies. Questions about product originality, manufacturing processes, and the aforementioned debate on her “self-made” status have cropped up over the years.

19. Prince Al-Waleed bin Talal – The Desert Dynasty Builder

Prince Al-Waleed bin Talal is a notable figure in the global business scene, belonging to the Saudi royal family. Let’s delve into his business journey, net worth, and primary investments up to my last update in 2023.

Business Expansion and Early Career

Prince Al-Waleed began his business career in 1979 after graduating from Menlo College and Syracuse University in the United States. He returned to Saudi Arabia and used a loan to initiate various business endeavors.

The prince’s true breakthrough came during the early 1990s when he chose to invest in the banking sector. This was a period when many Saudi banks were struggling due to regional economic challenges. He made a significant investment in a distressed Citibank (now Citigroup) in 1991. This move turned out to be highly profitable as Citigroup’s fortunes improved over the years.

Net Worth

Prince Al-Waleed’s net worth has fluctuated over the years, depending on his investment performance and global market conditions. According to Forbes and other financial publications, he was often listed among the world’s richest individuals, with his net worth reaching $20 billion in 2023. While the exact number has varied from one year to the next, it’s clear that Prince Al-Waleed is one of the wealthiest people in the world.

Major Investments: 

Apart from his groundbreaking investment in Citigroup, Prince Al-Waleed has diversified his portfolio across various sectors and regions. Some of his notable investments include:

  1. Hospitality: Prince Al-Waleed’s Kingdom Holding Company owns stakes in hotel management companies like Four Seasons Hotels & Resorts, Movenpick Hotels & Resorts, and Fairmont Raffles Holdings.
  2. Media and Entertainment: He’s invested in media giants such as News Corporation and Time Warner. Additionally, the prince has stakes in regional media outlets, including the Arabic satellite news channel, Al-Resalah.
  3. Technology: The prince recognized the potential of technology companies early on. He’s invested in companies like Apple in the 1990s, and in 2011, he invested $300 million in Twitter.
  4. Real Estate: Al-Waleed has a vast real estate portfolio, including iconic landmarks like London’s Savoy Hotel and Paris’ Four Seasons Hotel George V.
  5. Airlines: The prince played a role in the restructuring of the struggling Saudi national airline, Saudia. Later, he launched his own budget airline, Flynas.
  6. Other Sectors: Prince Al-Waleed’s investments span various sectors, from petrochemicals to education to healthcare.

Philanthropy: 

Beyond his business endeavors, Prince Al-Waleed is also recognized for his philanthropic efforts. He has pledged billions of dollars to support various charitable causes, such as education, health, and disaster relief.

20. Phil Knight – The Sneaker Sovereign

Phil Knight, often dubbed the “Sneaker King,” is best known as the co-founder of Nike, Inc., one of the world’s most recognizable and influential sportswear brands. Here’s a look at his business journey, growth strategies, net worth, and significant investments:

Early Days and Blue Ribbon Sports (BRS)

Phil Knight, born in 1938, after completing his MBA at Stanford, was inspired by the idea of importing high-quality running shoes from Japan. In 1964, with his former track coach Bill Bowerman, he founded Blue Ribbon Sports (BRS) to import Onitsuka Tiger shoes.

Nike’s Inception and Growth

  1. Rebranding to Nike: Due to disagreements with Onitsuka Tiger, by 1971, BRS transitioned from being a distributor to designing and selling their footwear. They rebranded as Nike, named after the Greek goddess of victory, and introduced the iconic Swoosh logo.
  2. Innovation: Bill Bowerman’s experimentation led to the development of the waffle sole, giving Nike an innovative edge. Nike’s commitment to innovation has remained a cornerstone of its strategy, with developments like Air cushioning and Flyknit technology over the years.
  3. Marketing Mastery: Nike’s marketing strategies played a huge role in its ascendancy. Their collaboration with Michael Jordan in the 1980s, resulting in the Air Jordan line, is legendary. Over the years, they’ve had endorsement deals with a plethora of athletes, including LeBron James, Kobe Bryant, and Tiger Woods.
  4. Global Expansion: Nike expanded its footprint globally, establishing a presence in numerous countries and diversifying its product line to cater to various sports and activities.

Going Public

In 1980, Nike went public, and its growth trajectory skyrocketed. The influx of capital and the increasing global demand for sportswear propelled the brand to new heights.

Net Worth 

As of early 2023, Phil Knight’s net worth was estimated to be around $47.7 billion. This number has fluctuated based on Nike’s stock performance, his personal investments, and philanthropic donations.

Major Investments & Ventures

  1. Film: In 1982, Phil Knight co-founded Laika, an animation studio, which has produced acclaimed movies like “Coraline” and “Kubo and the Two Strings.”
  2. Acquisitions: Nike, under Knight’s leadership, made strategic acquisitions, including brands like Converse and Hurley. While Hurley was later sold, Converse remains a significant part of Nike’s portfolio.

Philanthropy

Knight has been a major philanthropist, donating billions to various causes and institutions. Some significant donations include gifts to Stanford University and the Oregon Health & Science University. He’s also made substantial contributions to the University of Oregon, given his personal ties as an alumnus and his deep connection to track and field.

Memoir

In 2016, Phil Knight penned “Shoe Dog,” a memoir detailing the rise of Nike from its early challenges to its global dominance. It provides an intimate look into his journey and the challenges faced in building the brand.

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