The ten wealthiest finance folks have a staggering combined net worth of $446.9 billion dollars.
Just how much wealth do the richest people in finance have? The top 10 wealthiest finance folks have a combined net worth of $446.9 billion dollars, according to recent Forbes data from February 2024.
Topping the list is Warren Buffett, the co-founder, chairman and CEO of Berkshire Hathaway. Nearly two-thirds of Buffett's portfolio is invested in only three stocks: 42.9 percent in Apple, 10 percent in Bank of America and nine percent in American Express.
The second-richest financial figure in the country is failed Presidential candidate and former New York City Mayor Michael Bloomberg. The only woman who made the top 10 is Abigail Johnson, the CEO and president of Fidelity Investments, whose $28.3 billion net worth puts her eight on the list.
Others on the list include hedge fund billionaire Ken Griffin (founder and CEO of Citadel), Blackstone CEO Stephen Schwarzman, investor Jim Simons (who used maths to beat the market), a guy who developed the electronic trading platform for securities, an Indonesian tobacco and financial baron, a major Republican donor and owner of multiple sports franchises — including the Cleavland Cavaliers — Dan Gilbert.
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FAQs
The Oracle of Omaha
| Rank | Name | Net Worth |
|---|
| 1 | Warren Buffett | $128.7B |
| 2 | Michael Bloomberg | $96.3B |
| 3 | Ken Griffin | $37.2B |
| 4 | Stephen Schwarzman | $36.8B |
6 more rowsMar 25, 2024
| Warren Buffett |
|---|
| Born | Warren Edward Buffett August 30, 1930 Omaha, Nebraska, U.S. |
| Education | University of Pennsylvania University of Nebraska–Lincoln (BS) Columbia University (MS) |
| Occupations | Businessman investor philanthropist |
| Years active | 1951–present |
11 more rows427 billionaires amassed their fortunes in the finance sector, making it the industry that yields the most billionaires, followed by technology, manufacturing, retail, and food and beverage, according to Forbes.
Who gets paid the most in finance? ›
Top 5 Highest Paying Jobs in Finance
- Chief financial officer (CFO)
- Investment banking.
- Hedge fund manager.
- Private equity associate.
- Actuary.
Increasing Income
There is a reason people in finance who work in private equity or a hedge fund make millions. These industries make money by investing in companies, and after a certain level you get an equity stake in the profits of the firm through carried interest.
Who is the famous finance guy? ›
The most famous financial guru today is probably Warren Buffett. When people talk about investing, Buffett's name is often the first to come up in conversation. Buffett is revered for his long-term investment track record, humbleness, and easy-to-understand explanations of his investment process.
Who is the highest level financial manager? ›
While CFOs function as the highest-level financial manager in their organizations, they also often play an integral role in the organization's overall strategy and innovation.
Who manages most money? ›
BlackRock remains the world's largest asset manager overall.
Which job has the most millionaire? ›
By those standards, the five jobs with the most millionaires are engineer, accountant, teacher, people in management, and lawyer. Doctor is sixth. They make a lot of money, but also spend a lot. The poll found doctors aren't great in general at managing their money.
Which profession has the richest people? ›
In broader terms, the finance and investment profession has the most millionaires.
- Engineering. Coming in at the top is engineering. ...
- Economics/Finance. It's no surprise to hear that studying Economics or Finance can help fast-track you towards being a millionaire. ...
- Politics. ...
- Mathematics. ...
- Computer Science. ...
- Law. ...
- MBA.
Top 10 richest people in the world
| Name & Rank | Net Worth (in $ Billions) | Source of Wealth |
|---|
| #2 Bernard Arnault & family | $202.1 | LVMH |
| #3 Jeff Bezos | $197.2 | Amazon |
| #4 Mark Zuckerberg | $167.3 | Facebook |
| #5 Larry Ellison | $149.2 | Oracle |
6 more rowsJun 5, 2024
Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived. So, why is it that he has largely disappeared from the western historical imagination?
Who is the richest family in the world? ›
Which Family on Earth is the Richest? The Al Nahyan family, the Royal Family of Abu Dhabi, is regarded as the richest family in the world, with an estimated net worth of $305 billion.
Who is the richest financial manager? ›
Who Is the Richest Hedge Fund Manager? Ken Griffin of Citadel is both the richest hedge fund manager and the highest paid. In 2022, he earned $41. billion, and by the beginning of 2023 his net worth was estimated at $35 billion.
Who is the richest man in the world investment? ›
Bernard Arnault, chairman of LVMH, is the richest person and the richest man in the world with a net worth of $207 billion. After Arnault is Elon Musk, co-founder and CEO of Tesla and founder and CEO of SpaceX.
What is the richest financial company in the world? ›
| Rank | Profile | Total Assets |
|---|
| 1. | JPMorgan Chase & Co | $3,868,240,000,000 |
| 2. | Bank of America | $3,123,198,000,000 |
| 3. | Mitsubishi UFJ Trust and Banking Corporation | $3,079,150,000,000 |
| 4. | HSBC Holdings | $3,041,476,000,000 |
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