Forbes List 2021
Forbes List 2021 defines the 282 people on its list each year as “self-made” – they were either hired by a company to build it or started it from scratch. In this case, the self-made person would be Meg Whitman, the long-time CEO of eBay. Forbes also recognizes people who are self-employed, such as the founders of Facebook or Airbnb. In this year’s list, Whitman ranks sixth, while Mukesh Ambani ranked fifth.
Jeff Bezos
There was a $5 trillion surge in wealth last year, and there are 660 more billionaires on Forbes’ latest list. The internet and tech pioneer is now one of the most valuable people on the planet. The list also features the first female billionaire, Kylie Jenner. And as with any list, there are drop-offs. Amazon co-founder Jeff Bezos has fallen to number 17 from number eight.
Elon Musk and Bernie Sanders are the richest people on the planet, but the billionaire founder of Amazon has been in the spotlight for years now. Elon Musk is the CEO of Tesla, while Bezos owns more than half of Amazon. And if Jeff Bezos hadn’t divorced his former wife, he would have been one of the world’s richest people.
Elon Musk has surpassed Jeff Bezos as the world’s richest man, with a net worth of $190.5 billion. Other notables on the Forbes list include Mark Zuckerberg and Tesla’s CEO, Jeff Bezos, and Elon Musk’s business partners, Larry Page and Sergey Brin. But while they all have billion-dollar fortunes, only one is a woman.
If Jeff Bezos does make the list next year, he’ll be able to join the ranks of other billionaires. The list is likely to contain four billion-dollar-plus individuals, including Apple co-founder Tim Cook. And Bill Gates will likely continue to make the list each year. But it’s hard to imagine the next billion-dollar-plus list without him. So watch this space.
Mukesh Ambani
When it comes to wealth, Indian business magnates have no shortage of winners. Mukesh Ambani, the founder of Reliance Industries, has been a billionaire for almost two decades. His name is on the Forbes list of the world’s richest people since 2011. Listed in the top ten billionaires, he’s the most successful Indian businessman of all time. However, he is far from alone. The list includes many other Indian billionaires.
Reliance Industries chairman Mukesh Ambani has been named the richest Indian and the second richest person in Asia. His fortune is currently estimated at $90.7 billion, making him the most valuable person in the world. Second on the list is Gautam Adani, founder of Adani Group. Neither is ranked among the richest people in the world, though Ambani is still a billionaire.
Adani’s empire has exploded in recent years, with the sale of his Jio mobile phone company, which brought in more than $40 billion. Adani, who is India’s leading green energy investor, is the second richest person in Asia. Reliance also owns Network18, which is part of Forbes Media. Another billionaire in the country is Radhakishan Damani, a retail tycoon who has become a billionaire, with a net worth of $16.6 billion.
Apart from Ambani, Radhakishan Damani, another retail magnate, is also on the list. He doubled his fortune in one year, opening 22 new Avenue Supermarts. The vaccine billionaire Cyrus Poonawalla, who owns Serum Institute of India, is another name to watch out for. His $19 billion net worth has soared after his company’s Covid-19 vaccine was approved by the World Health Organization.
Aliko Dangote
Aliko Dangote, the chairman of the Dangote Group, is Africa’s richest man. His net worth is estimated at $12.1 billion. Dangote has been building his business empire for over 30 years. Today, his Dangote Cement is one of Nigeria’s largest private employers and is one of the most valuable conglomerates in West Africa. However, despite his wealth, Dangote is far from being a one-time billionaire.
Aliko Dangote’s wealth grew by $950 million in 2022, thanks to a 30% increase in the value of his shares this year. His company, Dangote Cement, is the largest cement producer in sub-Saharan Africa. In 2021, its revenue totaled 891.7 billion Naira, or about $2 billion, and he also owns interests in packaged foods, sugar, and oil.
After graduating from college, Aliko Dangote began a business trading cement with $3,000 borrowed from his uncle. The company quickly became a hit and he paid off the loan within three months of operation. The success of his business was so swift that Dangote eventually formed the Dangote Group Corporation. From there, Dangote expanded his business to include sugar, fish, and milk. In 1996, he moved his focus to manufacture, believing there was a market for these products.
After establishing his business, Aliko Dangote shifted to Lagos to expand his operations. His uncle provided him with a loan of $500,000 and he began trading in rice, sugar, and bagged cement. He later approached the Central Bank of Nigeria and offered to manage the bank’s staff bus fleet. He ultimately won the contract and was awarded the contract. Today, his company is one of the largest in Africa.
Jayshree Ullal
There are a few reasons why Jayshree Ullal should be on the Forbes List 2021. She has an incredible track record and has been recognized with numerous awards, including the E&Y Entrepreneur of the Year Award in 2015. In addition, she was named a Distinguished Alumni of SFSU and the Stanford University Graduate School of Business. With a net worth of more than 2.1 billion dollars, it is no surprise that she is on Forbes’ list.
Among her many achievements, Jayshree Ullal is one of only two South Asian women on the Forbes List 2021. Forbes has previously recognized her as one of the top 100 self-made American women. In addition to being the CEO of Arista Networks, Jayshree is also a board member of Snowflake, which will go public in 2020.
In addition to her role as CEO of Arista Networks, Ullal is also a board member at Snowflake and has a net worth of $1.7 billion. She ranks 15th on the Forbes List, ahead of reality TV star Kim Kardashian. However, Jayshree Ullal has seen her net worth decrease significantly as the stock market has declined. Jayshree Ullal is now the 15th richest self-made woman in the world, outpacing Kim Kardashian and the other six women on the list.
Other top Indian women on the Forbes list include Indra Nooyi, former CEO of Pepsico. She is a Yale MBA graduate and was named to the board of Amazon in 2019.
Aliko Dangote’s company Arista Network
Nigerian billionaire Aliko Dangote GCON has risen to the top of the Forbes list again this year, despite the recent weird sex scandal surrounding him. His company, the Dangote Group, is now the largest cement producer in Africa. Founded in 1990 as a trading company, Dangote’s empire has expanded to include other businesses like Dangote Cement, Dangote Sugar Refinery, and Famfa Oil Limited. His wealth has increased by over $2 billion since the last time Forbes ranked him as Africa’s richest man in 2013.
Aliko Dangote is a billionaire whose family business has prospered for four generations. His grandfather, who founded the Kano-based Dangote Foods, traded oats and rice. As a child, he was often allowed to buy sweets from local traders, keeping his profits as his own. This entrepreneurial spirit led to a successful career that still continues today.