Not all billion-dollar fortunes are created equal. Some of the world's richest inherit their vast sums of wealth from their family — others build from scratch.
The 23 richest self-made billionaires are worth $1 trillion — here they all are
From Microsoft's Bill Gates and Steve Ballmer to Google's Sergey Brin and Larry Page.
Of the 30 richest people on earth, 23 fall into the latter camp. Together, their combined net worth eclipses $1 trillion.
That's according to the Bloomberg Billionaires Index, which recently relaunched and expanded online to include 500 billionaires across the globe.
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These business magnates faced adversity, overturned industries, and bucked trends to build some of today's most powerful companies and recognizable brands across technology, real estate, and retail.
From the founders of Microsoft and Google to China's tech barons to "The Oracle of Omaha" himself, here are the world's wealthiest self-made billionaires.
Note that Bloomberg does not report the net worth of its founder and owner Michael Bloomberg, who does not appear on this ranking, though other sources peg his fortune at roughly $45 billion.
23. Ma Huateng
Net worth: $22.5 billion
Age: 45
Country: China
Industry: Technology
Source of wealth: Self-made; Tencent Holdings
Software engineer Ma Huateng (aka Pony Ma) founded China's largest internet portal, Tencent Holdings, in 1998. He was 26. Ma's company has a number of successful and widely used platforms in its portfolio, including QQ, its instant-messaging service, which is one of the world's 10 largest websites; a mobile-texting service (WeChat) with over 800 million users; a mobile-commerce product (WeChat Wallet); and an online-gaming community (Tencent Games), the largest in China.
Ma's wealth has increased by $4.7 billion in the past year.
22. Phil Knight
Net worth: $25 billion
Age: 78
Country: US
Industry: Retail
Source of wealth: Self-made; Nike
After a stint in the US Army, and with a Stanford MBA under his belt, Phil Knight convinced Tiger-brand shoemaker Onitsuka in the early 1960s to allow him to distribute Tiger shoes under the name Blue Ribbon Sports — the name Knight picked that predated his swoosh-logo-clad company Nike. Knight worked full-time as an accountant as he launched his new brand, and by 1968 he had built up enough of a rapport with customers that he was able to leave the CPA life behind. Knight
Nike has built its success on celebrity and athlete endorsement deals, starting with running prodigy Steve Prefontaine in 1973 and continuing with one of the most successful shoe marketers of all time in Michael Jordan, whom Nike signed to a The biggest NBA star today is still under the Nike roof, with LeBron James signing a lifetime contract with the brand in 2015 reportedly in excess of $1 billion.
Knight's wealth has decreased by $1 billion over the last year.
21. George Soros
Net worth: $25.2 billion
Age: 86
Country: US
Industry: Hedge funds
Source of wealth: Self-made; Soros Fund Management
20. Wang Wei
Net worth: $26.5 billion
Age: 46
Country: China
Industry: Transportation
Source of wealth: Self-made; S.F. Holding
Wang Wei founded China's largest package-delivery company by revenue, S.F. Express. It recently debuted on the stock exchange, catapulting Wang onto the world's richest list for the first time. Over the past year, his fortune has swelled by nearly $22.7 billion.
The son of a Russian interpreter for the People's Liberation Army Air Force, Wang grew up in Hong Kong and later returned to his birthplace in China in the 1990s to launch his delivery service, according to Bloomberg. At the time, his business was considered part of the "black delivery" market and he risked being caught and fined by the country's postal officers. The company had $7.4 billion in sales in 2015, outpacing its domestic competition, and now operates in more than 50 countries with a fleet of 15,000 vehicles and 36 aircraft.
19. Steve Ballmer
Net worth: $27 billion
Age: 60
Country: US
Industry: Technology
Source of wealth: Self-made; Microsoft
After stepping down as CEO, Ballmer fulfilled his dream of owning an NBA franchise, paying $2 billion in a deal to buy the Los Angeles Clippers, now his main venture.
Ballmer's net worth has increased $4.8 billion in the last year.
18. Sheldon Adelson
Net worth: $28 billion
Age: 83
Country: US
Industry: Real estate
Source of wealth: Self-made; Las Vegas Sands
17. Jorge Lemann
Net worth: $28.8 billion
Age: 76
Country: Brazil
Industry:
Source of wealth: Self-made; 3G Capital
16. Li Ka-shing
Net worth: $30.6 billion
Age: 88
Country: Hong Kong
Industry: Diversified investments
Source of wealth: Self-made; CK Hutchison Holdings
Despite humble beginnings, business magnate Li Ka-shing has become the wealthiest man in Hong Kong. dropped out of school
Horizon Ventures have backed
Two years ago, Li reorganized his business affairs under two new listed companies, one entity for property holdings and another for all other global assets. The move is most likely in preparation to hand over control of his sprawling fortune to his son, but the 88-year-old doesn't have any plans of slowing down just yet. In August 2015, he opened the 12,000th location of AS Watson, CK Hutchison's health and beauty-products retailer, now the largest in the world.
15. Wang Jianlin
Net worth: $31.6 billion
Age: 62
Country: China
Industry: Real estate
Source of wealth: Self-made; Dalian Wanda Group
14. Jack Ma
Net worth: $35.7 billion
Age: 52
Country: China
Industry: Technology
Source of wealth: Self-made; Alibaba
13. Bernard Arnault
Net worth: $40 billion
Age: 67
Country: France
Industry: Luxury goods
Source of wealth: Self-made; LVMH
Bernard Arnault's LVMH houses 70 luxury brands from Louis Vuitton to Hennessy to Dom Perignon, all controlled by family parent company Groupe Arnault. By the 1980s and '90s, Arnault, who started out as a civil engineer, had assumed control of the family business and proceeded to buy high-end fashion house Christian Dior, reviving it from the brink of bankruptcy. Like most LVMH brands today, Dior once again thrives as an industry standard bearer, helping the firm haul in a record EUR 37.6 billion ($39.5 billion) in revenue in 2016.
Arnault's wealth has increased by $6.8 billion in the past year.
12. Sergey Brin
Net worth: $41.6 billion
Age: 43
Country: US
Industry: Technology
Source of wealth: Self-made; Google
Along with cofounder Larry Page, Sergey Brin helped facilitate Google's massive restructuring, which the company announced in 2015. The move put Google under the auspices of a holding company called Alphabet, run by Brin as president and Page as CEO. Google's other ventures, such as Nest and Google X, are separate companies also under the Alphabet umbrella.
The restructuring allowed Brin to focus on exploring inventive new "moonshot" projects and ideas. With top talent and an abundance of resources at its disposal, Alphabet has already made automated homes and self-driving cars a reality.
Brin, who emigrated from Moscow to the US as a child, connected with Page in 1995 at Stanford, where they were each pursuing a PhD. Three years later they founded Google, now one of the most powerful companies on the planet.
Over the past year, Brin's wealth has increased by $4.1 billion.
11. Larry Page
Net worth: $42.5 billion
Age: 43
Country: US
Industry: Technology
Source of wealth: Self-made; Google
10. Ingvar Kamprad
Net worth: $43 billion
Age: 90
Country: Sweden
Industry: Retail
Source of wealth: Self-made; IKEA
9. Larry Ellison
Net worth: $45.3 billion
Age: 72
Country: US
Industry: Technology
Source of wealth: Self-made; Oracle
7. TIE: David Koch
Net worth: $47.9 billion
Age: 76
Country: US
Industry: Diversified investments
Source of wealth: Self-made; Koch Industries
7. TIE: Charles Koch
Net worth: $47.9 billion
Age: 81
Country: US
Industry: Diversified investments
Source of wealth: Self-made; Koch Industries
Charles Koch is chairman and CEO of multifaceted conglomerate Koch Industries, the second-largest private company in America. His younger brother David is the executive vice president. The company employs 120,000 people and generates an estimated $100 billion in annual revenue from its diverse holdings, which make everything from petrochemicals and Dixie Cups to raw clothing materials.
Outspoken in the world of conservative politics and public policy, the Koch brothers, who have a combined net worth of $95.8 billion, are advocates for smaller government and routinely fund political campaigns, although they took a step back during the 2016 election cycle.
However, in "Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right," it was revealed that Charles Koch's plans to reshape American politics date back 40 years, when he began strategizing and developing a libertarian movement.
6. Carlos Slim Helú
Net worth: $50.7 billion
Age: 77
Country: Mexico
Industry: Telecom
Source of wealth: Self-made; Grupo Carso
invested $4 billion
5. Mark Zuckerberg
Net worth: $58.5 billion
Age: 32
Country: US
Industry: Technology
Source of wealth: Self-made; Facebook
4. Amancio Ortega
Net worth: $68.5 billion
Age: 80
Country: Spain
Industry: Retail
Source of wealth: Self-made; Inditex
Much of Inditex's success can be attributed to fast-fashion giant Zara, the company's biggest brand. The chain is
3. Jeff Bezos
Net worth: $73.1 billion
Age: 53
Country: US
Industry: Technology
Source of wealth: Self-made; Amazon.com
2. Warren Buffett
Net worth: $77.2 billion
Age: 86
Country: US
Industry: Diversified investments
Source of wealth: Self-made; Berkshire Hathaway
Berkshire Hathaway CEO Warren Buffett started his prodigious investing career at a young age. As a child he delivered newspapers on his bike, and by 11 the precocious Nebraska native had purchased his first shares in the stock market — He was rejected from Harvard Business School, so Buffett went to Columbia Business School instead and learned under iconic value investor Benjamin Graham, who would become a mentor to the budding financier. Buffett worked as a securities analyst in the early-1950s before starting his own investment firm. He bought textile company Berkshire Hathaway in 1969, transforming it into a holding company that would house the many lucrative investments that helped build his massive fortune and earn the nickname "The Oracle of Omaha."
The array of portfolio companies and investments that made him rich may appear random — he's bet on companies including Coca-Cola, American Express, Geico, Fruit of the Loom, Dairy Queen, and General Motors — but they're all cash-generating machines that offer long-term value. In the past year, his net worth has increased by $13.1 billion.
A frugal man with a fondness for junk food, perhaps the most impressive part of Buffett's $60 billion fortune is that it doesn't include the more than $25 billion he's already given away. He's good friends with Microsoft cofounder Bill Gates, whom he collaborated with to create the Giving Pledge, a promise for billionaires to give away at least half of their wealth to charity.
1. Bill Gates
Net worth: $85.2 billion
Age: 61
Country: US
Industry: Technology
Source of wealth: Self-made; Microsoft