Elon Musk, co-founder and CEO of Tesla, is the richest person in the world with a net worth of $241 billion.
Behind Musk is Amazon founder Jeff Bezos, whose net worth is estimated at $151 billion.
The billionaires who achieved the largest increase in their wealth in 2021 included Musk, LVMH Chairman and CEO Bernard Arnault, Google co-founder Larry Page and L’Oreal heiress Françoise Bettencourt Meyers.
Six of the top 10 billionaires have made their fortune in technology, with the exception of Arno, Warren Buffett of Berkshire Hathaway and Adani Group founder Gautam Adani.
Meta’s Mark Zuckerberg fell out of the top 10 list in February 2022.
The Katie Couric clause was a slang term used to describe a proposed Securities and Exchange Commission rule regarding disclosure of executive compensation and compensation of other elected employees.
Billionaire Warren Buffett (who lives and works in Omaha, Nebraska) is known as the Oracle of Omaha, a nickname he earned as one of the world’s most successful and watched investors.
Robber baron is a term often used in the 19th century during America’s Golden Age to describe successful industrialists whose business practices were often considered ruthless or unethical.
The 90/10 retirement investment strategy involves investing 90% of investment capital in low-cost S&P 500 index funds, and the remaining 10% in short-term government bonds.
The chi-square statistic (χ2) is a measure of the difference between the observed and expected frequencies of the outcomes of a set of events or variables.
The chief operating officer (COO) is the senior officer tasked with overseeing the day-to-day administrative and operational functions of the business.