Top 10 Billionaires 2020

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7. Larry Ellison – $68.4B

Larry Ellison

Larry Ellison cofounded software firm Oracle in 1977 to tap into the growing need for customer relationship management databases.

He gave up the Oracle CEO role in 2014 but still serves as chairman of the board and chief technology officer.

Oracle has grown in part through steady acquisitions of software companies, the biggest of which was $9.3 billion for Netsuite in 2016.

In May 2016, Ellison pledged $200 million to the University of Southern California for a cancer treatment center.

In 2012, Ellison spent a reported $300 million to buy nearly all of Hawaiian island Lanai; he backed a hydroponic farming startup there in 2018.

Ellison joined Tesla’s board in December 2018, after purchasing 3 million Tesla shares earlier that year.

8. Mark Zuckerberg – $78.1B

Mark Zuckerberg

After facing another year of criticism for allowing fake news on Facebook, CEO Mark Zuckerberg said his priority in 2019 is tackling social issues.

In July 2019, the Federal Trade Commission fined Facebook $5 billion, its largest penalty in history, for violating consumers’ privacy.

Zuckerberg started Facebook at Harvard in 2004 at the age of 19 for students to match names with photos of classmates.

He took Facebook public in May 2012 and still owns about 15% of the stock.

In December 2015, Zuckerberg and his wife, Priscilla Chan, pledged to give away 99% of their Facebook stake over their lifetimes.

9. Michael Bloomberg – $61.3B

Michael Bloomberg

Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981.

He put in the seed funding for the company and now owns 88% of the business, which has estimated revenues of $10 billion.

After earning his M.B.A. from Harvard, Bloomberg got a job in 1966 in “The Cage” at Salomon Brothers, where he counted out securities by hand.

He worked his way up to general partner but was fired in 1981 after 15 years at Salomon.

An active philanthropist, he has donated $8 billion to gun control, climate change and other causes.

The mayor of New York City for 12 years, Bloomberg is one of just four individuals to have served that long.

10. Larry Page – $66.2B

Larry Page

Larry Page stepped down as CEO of Alphabet, the parent of Google, in December 2019 but continues as board member and a controlling shareholder.

He cofounded Google in 1998 with fellow Stanford Ph.D. student Sergey Brin.

With Brin, Page invented Google’s PageRank algorithm, which powers the search engine.

Page was CEO until 2001, when Eric Schmidt took over, and then from 2011 until 2015, when he became CEO Google’s new parent company Alphabet.

He is a founding investor in space exploration company Planetary Resources and is also funding “flying car” startups Kitty Hawk and Opener.

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