Their charity seeks to leverage technology to fix societal ills, such as improving the access and quality of education, reforming both the criminal justice system and the U. The most famous living value investor, Warren Buffett filed his first tax return in at age 14, declaring his earnings from his boyhood paper route.
He expanded the company to insurance and other investments in Widely known as the "Oracle of Omaha," Buffett made the majority of his fortune through purchasing shares in companies with easy-to-understand business operations.
While many investors have been piling into tech companies, Buffett has opted for a more cautious approach, only buying from well-established companies that are easier to understand, such as IBM and Apple. Outside of investing, Buffett has directed much of his wealth toward philanthropic endeavors. After dropping out of the University of Chicago in , Larry Ellison moved to California and worked as a computer programmer for several companies over the years.
First, in , he was an employee of the electronics company Ampex, where he met future partners Ed Oates and Bob Miner. Additionally, Ellison joined Tesla's board in Dec. Oracle is the second-largest software company and provides a wide variety of cloud computing programs as well as other software, such as Java and Linux, and the Oracle Exadata computing platform.
Ellison has spent millions in luxury real estate over the last decade, predominantly in California. Like several tech billionaires on this list, Larry Page's claim to fame got its start in a college dorm room.
While attending Stanford University in , Page and his friend Sergey Brin came up with the idea of improving data extraction capabilities while accessing the Internet. The duo devised a new type of search engine technology they dubbed "Backrub," named after its ability to analyze "backing links.
In , Google the company expanded by purchasing YouTube, the biggest platform for user-submitted videos. Page is also a founding investor of Planetary Resources, a space exploration and asteroid-mining company. Originally established in , the company was acquired by blockchain firm ConsenSys in amid funding problems.
What makes Google unique, compared to the other companies featured on this list, is that its co-founders are relatively close in terms of total wealth. Fox Foundation to devise new drugs against LRRK2, one of the greatest genetic contributors to the disease.
Reliance Industries was originally founded as a small textile manufacturer by Dhirubhai Ambani in Rather than moving back to the U. In , Dhirubhai suffered a stroke and passed away. The lack of a will resulted in a feud between Mukesh and his brother Anil over how their father's empire would be distributed.
Three years later, as the result of a settlement brokered by their mother, the siblings agreed to split the business, with Mukesh retaining control over refining, petrochemicals, oil and gas, and textile operations. Reliance Industries has established several highly successful subsidiaries under Mukesh's leadership, including Reliance Retail and telecommunications company Jio. Or you can keep it simple and focus on value investing. Accessed Sept.
Yahoo Finance. The New York Times. How these billionaires made their fortunes is as variable as the individuals themselves: some were born to wealth, others have made it through technological innovations, others still have made it through revolutionizing the transportation industry. Here, we take a look at the top ten richest people in LA in reverse order. Other projects include Plaxo, a social networking service, Spotify, and Brigade Media. After launching his own airline business in his 20s, he realized the quickest way to success and wealth was in leasing planes to other airlines.
Next up we have John Tu, co-founder and president of Kingston Technology. Later, he co-founded Tesla Inc. Tesla Inc. Well, Elon was broke at some point in his adulthood. In , his marriage broke apart and ended up in a divorce. The problematic period affected his income and financial standing. In , he reported that he was out of cash and even borrowed money from his friends to survive and to keep his businesses afloat.
In , Tesla Inc. As a result, Elon's net worth increased. In , he was listed on Forbes' richest list. The richest woman in Africa in and her impressive net worth. Do you want to know what impressive property and luxurious things belong to the wealthiest man in LA? He has five homes in the area. In late , he made his first house purchase. The property was built on a 1. On the property was a 20,square-foot mansion with a home theatre, 1,bottle wine cellar, a gymnasium and a two-storey library.
It is no surprise that Tesla Inc. The vehicle had been used in a James Bond movie before. As would be expected, his collection of cars includes luxurious Tesla models. Top 10 richest men in Africa in as ranked by Forbes.
In , the billionaire made a giving pledge. He vowed to donate most of his wealth in his lifetime to worthy causes. He has also made substantial donations to other worthwhile projects and programmes. Fascinatingly, Elon does not like lavish holidays or any holidays at all. In , he reported that he had only taken a two-week break from work since he founded SpaceX.
At the time, SpaceX was 12 years old. However, he admitted that he takes a camping trip with his five children every year. He tries to spend as much time as possible with his children. In August , the billionaire reported that he had decided to work hours a week. He schooled in the University of South California. Popularly known for co-founding Kingston Technology, John Tu is an American entrepreneur who also has an enormous passion for philanthropic activities.
Born in in China, he studied electrical engineering before moving to California, where he started his business life. In , Softbank approached the two gentlemen, and they sold righty 80 percent of Kingston Technology to the company. His passion for becoming an entrepreneur and philanthropist makes him a renowned American Entrepreneur and Philanthropist. He is well known for co-founding Napster, which is a file-sharing computer service.
Also, he is a co-founder of organizations like Plaxo, Causes, Airtime. Later, he founded the Parker Foundation to focus on life sciences, global public health, and civic engagement. Currently, he is also a managing partner at The Founders Funder and the first president of the most patronised social media in the World today, The Facebook.
Hilton Foundation. Born in Dallas, Texas, he attended the University of Southern California Aeronautical School where he was honoured with a twin-engine rating at a very young age. Today, there are so many individuals in Los Angeles that not only improve the economy of the nation but also compete with the other richest men in global communities.
These individuals range from entrepreneurs, industry leaders, tech titans, entertainments don, etc.
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