The campus features accessible parking spaces, automatic doors, gender-inclusive bathroom facilities, as well as special audio systems for those with hearing impairment. Among the features that can be height-adjusted for access are the kitchenettes, touch screens for campus directions, work surfaces and sitting areas.
“While the campus is raising the bar for accessibility in Israel,” Rosenbaum said, “the goal was to think beyond our borders and raise the diversity and inclusion bar globally.”
“The campus brings a new experience to all of Microsoft’s employees in Israel, and I’m happy for this personal and professional union,” said Ronit Atad, general manager, Microsoft Israel. “It will empower us and improve our service to our customers and partners.”
“This variety allows people to design a routine that works best for them,” said Oren Yerushalmi Rosenbaum, senior portfolio manager for Microsoft Real Estate & Facilities in Israel & Serbia. “This is what it is all about: flexibility and choice. And that extends to equal opportunity for how people access and use their work spaces.”
Inclusivity is not just a concept but is put into practice through hiring. Numerous people who operate the campus are deaf, blind or have mobility or mental disabilities. Upon arrival at the campus, visitors are greeted at sit and stand arrival desks in the lobby, offering abundant options to receive service.
There is Braille throughout the campus, from welcoming pamphlets to descriptions of all artwork from local artists that adorns the public spaces to a tactile floor that supports people with blindness to navigate the buildings. There is also an app to assist those with mobility challenges to use the elevators.
The Herzliya campus utilizes Microsoft’s existing yet nascent concept of team-based “neighborhoods” that are big enough to offer public interaction but small enough to give privacy when needed. Each neighborhood in Herzliya is also equipped with its own “zone room” (also known as “code room”) and every two neighborhoods share a four-person “focus room” that is only available to those teams.
The campus is meant to be part of employees’ social and cultural life. It contains all of the elements of a daily routine, from a café with baristas who can make your coffee just like you desire to a yoga room, dog playground, sports facilities, community gardens and a variety of indoor and outdoor food pavilions.
The “city” is divided into four hubs: Downtown, the industrial zone; Midtown, the eclectic, playful mainstream area; The Garden, the green outdoor level; and Uptown, which is made to feel like a boutique hotel. “Boulevards” tie together the different zones.
This innovative design helps to bind together the dynamic roles within the campus which range from sales and marketing to the Israel Development Center, Microsoft’s first R&D site outside the United States, established in 1991 and now a major force in cybersecurity and AI.
In a location that registers temperatures around 27 C (80 F) for some seven months out of the year with almost no precipitation, there is also a concerted effort to reduce energy and water consumption. The Herzliya campus is the first LEED (Leadership in Energy and Environmental Design) V4 Building Design and Construction Gold certified building in Israel, making it one of the most sustainable building in the country.
The campus uses atmospheric generators that pull moisture from the air to produce drinking water. The system will create some 237,000 liters of fresh water per year. The air filtration system not only cleans indoor air, including inside of the elevators, but it also collects and repurposes condensed water. Rosenbaum said, “All of the air conditioning condensate water is reused for irrigation and to reduce energy needs for cooling. This is an additional estimated saving of over 3 million liters of water per year.”
The campus has 800 square meters of photovoltaic cells, which will provide 100% of the power needed to run the campus dining facilities and the exterior lighting. The buildings are also equipped with an advanced double-skin curtain wall with integrated automatic interior blinds, which both help deflect sunlight and keep the buildings from overheating in the first place.
As for the decision to model the campus off of an urban environment, Gindi explained, “A city is a place of intersection, it provides private residential moments alongside frequent public moments. You are surrounded by people, activities and culture. You are part of something bigger than yourself. And, in this case, you are not just going to work; you are experiencing a lifestyle.”
The Israeli Ministry of Defense, according to the document, has its own “landing zone” into Google Cloud—a secure entry point to Google-provided computing infrastructure, which would allow the ministry to store and process data, and access AI services.
What Does LVMH Own?
Some of the most famous companies LVMH owns are the following:
- Louis Vuitton (fashion and leather goods)
- Dior (fashion, leather goods, perfume, and cosmetics)
- Givenchy (fashion, leather goods, perfume, and cosmetics)
- Tiffany & Co. (jewelry)
- Moët & Chandon (wine and spirits)
- Belvedere (vodka)
- Dom Pérignon (champagne)
- Sephora (cosmetics retailer)
- Guerlain (perfume and cosmetics)
- Fenty Beauty by Rihanna (perfume and cosmetics)
Who Owns Louis Vuitton and LVMH?
The chairman and CEO of LVMH is Bernard Arnault, who officially founded the company in 1987 when Louis Vuitton merged with Moët Hennessy. Arnault had the idea to form a luxury goods group in the 1980s, and worked with the President of Louis Vuitton (Henry Racamier) and the CEO of Moët Hennessy (Alain Chevalier) to create LVMH. In 2022, LVMH's revenue was €79.2 billion ($86.1 billion), and Arnault is frequently listed among the richest people in the world. The LVMH subsidiaries are famously known for their high quality and are regarded as status symbols among the elite.
What Does LVMH Stand For?
LVMH stands for Louis Vuitton Moët Hennessy, which were the original companies including in the merger that created the company.
What Were LVMH's Most Notable Acquisitions?
The most expensive acquisition made by LVMH was Tiffany & Co. in 2020. The deal closed at $15.8 billion, or $131.50 per share.
Some of the most well-known brands acquired by LVMH occurred in the 1990s. These include designer clothing brands Kenzo (1993), Celine (1996), and Marc Jacobs (1998). The 90s also ushered in a number of beauty and cosmetics brands for LVMH like Sephora (1998), Make Up For Ever (1999), and Benefit Cosmetics (1999).
In the 2000s, LVMH began to pick up brands in more diverse areas, and also continued to acquire additional companies that manufacture wine and spirits. Some of these brands include Belvedere Vodka in 2002 Scottish whisky company Glenmorangie in 2004.
LVMH does have a minority stake in fashion brand Marco De Vincenzo and lifestyle brand Aimé Leon Dore, but they do not have full ownership over the companies.
The History of Louis Vuitton
Louis Vuitton apprenticed under a successful trunk maker in the 1930s and quickly became well known for his creations. Shortly after in 1854, Vuitton founded his namesake fashion house on Rue Neuve des Capucines in Paris, France. A few years later, Vuitton debuted his revolutionary rectangular trunks which were very different from the round-topped trunks that were popular at the time.
In the early 20th century, the flagship Louis Vuitton store opened up in the Champs-Elysées in Paris, known for its luxury shops and cafes. Stores also opened up around the world including in New York City, London, Bombay, and Buenos Aires. In the 30s, Louis Vuitton introduced their iconic Speedy handbag, which is still manufactured (and revered) today.
Louis Vuitton trunks are still made by hand, and many of their goods feature the brown monogram logo that has become synonymous with the brand. Many famous actors and musicians have modeled in ads for Louis Vuitton products including Angelina Jolie, Madonna, Keith Richards, and David Bowie.
The Most Iconic LVMH Products
Some of the most famous and sought-after products in the LVMH arsenal include the following:
- Louis Vuitton Steamer Trunk
- Louis Vuitton Speedy Bag
- Dior Saddle Bag
- Fendi Baguette Bag
- Givenchy Antigona Bag
- Moët & Chandon Champagne
- Veuve Clicquot Champagne
- TAG Heuer Monaco Watch
Some of the LVMH companies' products retail for thousands of dollars. In fact, the Louis Vuitton Urban Satchel, which is made out of recycled goods, sold for $150,000, and a luxe version of the Speedy bag is going for $1 million.
If you are interested in learning more about creating your own business or forming a holding company, there are many resources available to help you start on your journey.
LVMH Brands List 2023
| LVMH Brands | Category |
|---|---|
| Louis Vuitton | Fashion & Leather Goods |
| Christian Dior | Fashion & Leather Goods |
| Givenchy | Fashion & Leather Goods |
| Fendi | Fashion & Leather Goods |
| Emilio Pucci | Fashion & Leather Goods |
| Celine | Fashion & Leather Goods |
| Marc Jacobs | Fashion & Leather Goods |
| Kenzo | Fashion & Leather Goods |
| LOEWE | Fashion & Leather Goods |
| Moynat | Fashion & Leather Goods |
| Berluti | Fashion & Leather Goods |
| RIMOWA | Fashion & Leather Goods |
| Patou | Fashion & Leather Goods |
| Loro Piana | Fashion & Leather Goods |
| Off-White | Fashion & Leather Goods |
| Tiffany & Co. | Watches & Jewelry |
| TAG Heuer | Watches & Jewelry |
| Bulgari | Watches & Jewelry |
| Zenith | Watches & Jewelry |
| Chaumet | Watches & Jewelry |
| Fred | Watches & Jewelry |
| Repossi | Watches & Jewelry |
| Hublot | Watches & Jewelry |
| Daniel Roth | Watches & Jewelry |
| Moët & Chandon | Wines & Spirits |
| Veuve Clicquot | Wines & Spirits |
| Hennessy | Wines & Spirits |
| Dom Pérignon | Wines & Spirits |
| Krug | Wines & Spirits |
| Belvedere | Wines & Spirits |
| Château d’Yquem | Wines & Spirits |
| Domaine des Lambrays | Wines & Spirits |
| Ruinart | Wines & Spirits |
| Château Galoupet | Wines & Spirits |
| Glenmorangie | Wines & Spirits |
| Mercier | Wines & Spirits |
| Chandon | Wines & Spirits |
| Colgin Cellars | Wines & Spirits |
| Terrazas de Los Andes | Wines & Spirits |
| Bodega Numanthia | Wines & Spirits |
| Cheval des Andes | Wines & Spirits |
| Woodinville | Wines & Spirits |
| Ao Yun | Wines & Spirits |
| Clos19 | Wines & Spirits |
| Volcan de mi Tierra | Wines & Spirits |
| Eminente | Wines & Spirits |
| Ardbeg | Wines & Spirits |
| Château d'Esclans | Wines & Spirits |
| Château Minuty | Wines & Spirits |
| Cloudy Bay Vineyards | Wines & Spirits |
| Newton Vineyard | Wines & Spirits |
| Sephora | Perfume & Cosmetics |
| Stella by Stella McCartney | Perfume & Cosmetics |
| Guerlain | Perfume & Cosmetics |
| Acqua di Parma | Perfume & Cosmetics |
| Benefit Cosmetics | Perfume & Cosmetics |
| Ole Henriksen | Perfume & Cosmetics |
| Make Up For Ever | Perfume & Cosmetics |
| Fresh | Perfume & Cosmetics |
| KVD Beauty | Perfume & Cosmetics |
| Parfums Christian Dior | Perfume & Cosmetics |
| Givenchy Parfums | Perfume & Cosmetics |
| Officine Universelle Buly | Perfume & Cosmetics |
| LOEWE Perfumes | Perfume & Cosmetics |
| Kenzo Parfums | Perfume & Cosmetics |
| Maison Francis Kurkdjian | Perfume & Cosmetics |
| Cha Ling | Perfume & Cosmetics |
| Fenty Beauty by Rihanna | Perfume & Cosmetics |
| BITE Beauty | Perfume & Cosmetics |
| Le Bon Marché Rive Gauche | Selective Retailing |
| La Grande Épicerie | Selective Retailing |
| DFS | Selective Retailing |
| 24S | Selective Retailing |
| Cova | Other Ventures (Bakery) |
| Royal Van Lent | Other Ventures (Yacht Builder) |
| Jardin d’Acclimatation | Other Ventures (Attraction Park) |
| Les Echos | Other Ventures (Media Outlet) |
| Le Parisien | Other Ventures (Media Outlet) |
| Connaissance des Arts | Other Ventures (Media Outlet) |
| Investir | Other Ventures (Media Outlet) |
| Belmond | Other Ventures (Luxury Travel) |
| Cheval Blanc | Other Ventures (Luxury Travel) |
| Radio Classique | Other Ventures (Radio Station) |
Those billionaires now hold two-thirds more combined wealth than the $3 trillion held by the bottom 50 per cent of US households, according to the report.
Topping the list is Tesla and SpaceX CEO Elon Musk, whose wealth climbed from $24.6bn in 2020 to $209.4bn in October 2021 – a 751 per cent increase, the report found.
Amazon founder Jeff Bezos, who moved to an “executive chairman” role at the retail giant this year, saw his pre-pandemic wealth surge from $113bn to $192 by mid-October.
Microsoft’s Bill Gates grew his wealth by $34.4bn, from $98bn to $132.4bn.
The annual billionaires list compiled by Forbes and published earlier this year found that the world’s wealthiest people have amassed more than $13 trillion combined, growing by 30 per cent from the previous year.
A vast majority of the hundreds of people on the list are wealthier today than they were one year ago, at the onset of the global health crisis and its economic fallout that left millions of people jobless in the months that followed
Amazon founder Jeff Bezos, who moved to an “executive chairman” role at the retail giant this year, saw his pre-pandemic wealth surge from $113bn to $192 by mid-October.
Microsoft’s Bill Gates grew his wealth by $34.4bn, from $98bn to $132.4bn.
The annual billionaires list compiled by Forbes and published earlier this year found that the world’s wealthiest people have amassed more than $13 trillion combined, growing by 30 per cent from the previous year.
A vast majority of the hundreds of people on the list are wealthier today than they were one year ago, at the onset of the global health crisis and its economic fallout that left millions of people jobless in the months that followed
“America’s billionaire bonanza demonstrates the structural flaws in our current economic and tax systems President Biden and Democrats in Congress are trying to remedy by advancing a $3.5 trillion package of investments in working families and communities, paid for with fairer taxes on the rich and corporations,” the report states.
The pandemic has revived debate among lawmakers mulling proposals to raise taxes on the nation’s wealthy, which also enjoys widespread popular support.
A 2020 Reuters/Ipsos poll found that nearly two-thirds of respondents believe America’s rich should pay more, and another 2021 poll from Hill-HarrisX found that a majority of voters support a “wealth tax” on the nation’s billionaires.
1. Bernard Arnault & family
Net Worth: $233 Billion | Age: 75 | Country/Territory: France | Industry: Fashion & Retail
Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
2. Elon Musk
Net Worth: $195 Billion | Age: 52 | Country/Territory: United States | Industry: Automotive
Elon Musk cofounded six companies, including electric car maker Tesla, rocket producer SpaceX and tunneling startup Boring Company.
3. Jeff Bezos
Net Worth: $194 Billion | Age: 60 | Country/Territory: United States | Industry: Technology
Jeff Bezos founded e-commerce giant Amazon in 1994 out of his Seattle garage.
4. Mark Zuckerberg
Net Worth: $177 Billion | Age: 39 | Country/Territory: United States | Industry: Technology
A 19-year-old Mark Zuckerberg started Facebook in 2004 for students to match names with photos of classmates.
5. Larry Ellison
Net Worth: $141 Billion | Age: 79 | Country/Territory: United States | Industry: Technology
Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle, of which he owns just under 40%.
6. Warren Buffett
Net Worth: $133 Billion | Age: 93 | Country/Territory: United States | Industry: Finance & Investments
Known as the "Oracle of Omaha," Warren Buffett is one of the most successful investors of all time.
7. Bill Gates
Net Worth: $128 Billion | Age: 68 | Country/Territory: United States | Industry: Technology
Bill Gates diversified his fortune from software firm Microsoft into dozens of holdings, including waste disposal firm Republic Services and tractor maker Deere & Co.
8. Steve Ballmer
Net Worth: $121 Billion | Age: 68 | Country/Territory: United States | Industry: Technology
Steve Ballmer is the high-wattage former CEO of Microsoft, who led the company from 2000 to 2014.
9. Mukesh Ambani
Net Worth: $116 Billion | Age: 66 | Country/Territory: India | Industry: Diversified
Mukesh Ambani chairs and runs $110 billion (revenue) Reliance Industries, which has interests in petrochemicals, oil and gas, telecom, retail and financial services.
10. Larry Page
Net Worth: $114 Billion | Age: 51 | Country/Territory: United States | Industry: Technology
Larry Page stepped down as CEO of Alphabet, the parent company of Google, in 2019 but remains a board member and a controlling shareholder.
11. Sergey Brin
Net Worth: $110 Billion | Age: 50 | Country/Territory: United States | Industry: Technology
Sergey Brin stepped down as president of Alphabet, parent company of Google, in December 2019 but remains a board member and a controlling shareholder.
12. Michael Bloomberg
Net Worth: $106 Billion | Age: 82 | Country/Territory: United States | Industry: Finance & Investments
Michael Bloomberg cofounded financial information and media company Bloomberg LP in 1981.
13. Amancio Ortega
Net Worth: $103 Billion | Age: 88 | Country/Territory: Spain | Industry: Fashion & Retail
Amancio Ortega of Spain is one of the wealthiest clothing retailers in the world.
14. Carlos Slim Helu & family
Net Worth: $102 Billion | Age: 84 | Country/Territory: Mexico | Industry: Telecom
Mexico's richest person, Carlos Slim Helú and his family control América Móvil, Latin America's biggest mobile telecom firm.
15. Francoise Bettencourt Meyers & family
Net Worth: $99.5 Billion | Age: 70 | Country/Territory: France | Industry: Fashion & Retail
Francoise Bettencourt Meyers, the granddaughter of the founder of L'Oreal, is the richest woman in the world.
16. Michael Dell
Net Worth: $91 Billion | Age: 59 | Country/Territory: United States | Industry: Technology
Michael Dell is chairman and CEO of Dell Technologies, which formed in 2016 via Dell's $60 billion merger with computer storage giant EMC.
17. Gautam Adani
Net Worth: $84 Billion | Age: 61 | Country/Territory: India | Industry: Diversified
Gautam Adani is chairman of the $32 billion (revenue) Adani Group, with interests in ports, airports, power generation and transmission, and green energy, among others.
18. Jim Walton & family
Net Worth: $78.4 Billion | Age: 75 | Country/Territory: United States | Industry: Fashion & Retail
Jim Walton is the youngest son of Walmart founder Sam Walton.
19. Rob Walton & family
Net Worth: $77.4 Billion | Age: 79 | Country/Territory: United States | Industry: Fashion & Retail
Rob Walton is the eldest son of Walmart founder Sam Walton.
20. Jensen Huang
Net Worth: $77 Billion | Age: 61 | Country/Territory: United States | Industry: Technology
Jensen Huang cofounded graphics-chip maker Nvidia in 1993, and has served as its CEO and president ever since.
21. Alice Walton
Net Worth: $72.3 Billion | Age: 74 | Country/Territory: United States | Industry: Fashion & Retail
Alice Walton is the only daughter of Walmart founder Sam Walton.
22. David Thomson & family
Net Worth: $67.8 Billion | Age: 66 | Country/Territory: Canada | Industry: Media & Entertainment
David Thomson and his family control a media and publishing empire founded by his grandfather Roy Thomson.
23. Julia Koch & family
Net Worth: $64.3 Billion | Age: 61 | Country/Territory: United States | Industry: Diversified
Julia Koch and her three children inherited a 42% stake in Koch Industries from her husband, David, who died in 2019 at age 79.
24. Zhong Shanshan
Net Worth: $62.3 Billion | Age: 69 | Country/Territory: China | Industry: Food & Beverage
Zhong Shanshan is the founder and chairman of Nongfu Spring, a bottled water company that listed its shares in Hong Kong in September 2020.
25. Charles Koch & family
Net Worth: $58.5 Billion | Age: 88 | Country/Territory: United States | Industry: Diversified
Charles Koch has been chairman of Koch Industries, America's second largest private company by revenue, since 1967. He brought on his first ever co-CEO in 2023.
26. Giovanni Ferrero
Net Worth: $43.8 Billion | Age: 59 | Country/Territory: Italy | Industry: Food & Beverage
Giovanni Ferrero is executive chairman of his family's namesake confections business, which posted $18 billion sales in 2023.
27. Prajogo Pangestu
Net Worth: $43.4 Billion | Age: 79 | Country/Territory: Indonesia | Industry: Diversified
Son of a rubber trader, Prajogo Pangestu got his start in the timber business in the late 1970s.
27. Zhang Yiming
Net Worth: $43.4 Billion | Age: 40 | Country/Territory: China | Industry: Technology
Zhang Yiming is the main founder of Chinese tech giant ByteDance, best known for its insanely popular app TikTok, which has more than 1 billion users worldwide.
29. Tadashi Yanai & family
Net Worth: $42.8 Billion | Age: 75 | Country/Territory: Japan | Industry: Fashion & Retail
Tadashi Yanai built and runs Tokyo-listed retail clothing empire Fast Retailing, parent of the Uniqlo chain.
30. Phil Knight & family
Net Worth: $40.9 Billion | Age: 86 | Country/Territory: United States | Industry: Fashion & Retail
Phil Knight, cofounder of shoe giant Nike, retired as chairman in 2016 after 52 years at the company.
31. Mark Mateschitz
Net Worth: $39.6 Billion | Age: 31 | Country/Territory: Austria | Industry: Food & Beverage
Mark Mateschitz is the only child of the late Austrian billionaire Dietrich Mateschitz, who cofounded energy drink firm Red Bull in 1987.
32. Klaus-Michael Kuehne
Net Worth: $39.2 Billion | Age: 86 | Country/Territory: Germany | Industry: Logistics
Logistics magnate Klaus-Michael Kuehne is honorary chairman of Kuehne + Nagel International AG, based in Switzerland.
33. Colin Huang
Net Worth: $38.9 Billion | Age: 44 | Country/Territory: China | Industry: Technology
Colin Huang is the founder of PDD Holdings, the Chinese e-commerce company that changed its name from Pinduoduo in February 2023.
34. Stephen Schwarzman
Net Worth: $38.8 Billion | Age: 77 | Country/Territory: United States | Industry: Finance & Investments
The son of a dry goods store owner, Stephen Schwarzman founded private equity firm Blackstone with fellow billionaire Peter Peterson in 1985.
35. Jacqueline Mars
Net Worth: $38.5 Billion | Age: 84 | Country/Territory: United States | Industry: Food & Beverage
Jacqueline Mars owns an estimated one-third of Mars, the candy, food and pet care firm founded by her grandfather.
35. John Mars
Net Worth: $38.5 Billion | Age: 88 | Country/Territory: United States | Industry: Food & Beverage
John Mars and his siblings Jacqueline and Forrest Jr. (d. 2016) inherited stakes in the candy firm Mars when their father died in 1999.
37. Dieter Schwarz
Net Worth: $38 Billion | Age: 84 | Country/Territory: Germany | Industry: Fashion & Retail
Dieter Schwarz's Schwarz Group, with revenue of over $160 billion, is comprised of the Kaufland and Lidl (rhymes with needle) discount supermarkets.
38. Li Ka-shing
Net Worth: $37.3 Billion | Age: 95 | Country/Territory: Hong Kong | Industry: Diversified
Nicknamed Superman, Li Ka-shing is revered as one of the most influential businessmen in Asia.
39. Shiv Nadar
Net Worth: $36.9 Billion | Age: 78 | Country/Territory: India | Industry: Technology
Indian IT pioneer Shiv Nadar cofounded HCL in a garage in 1976 to make calculators and microprocessors with five friends.
40. Alain Wertheimer
Net Worth: $36.8 Billion | Age: 75 | Country/Territory: France | Industry: Fashion & Retail
Alain Wertheimer is the chairman of Chanel, the French luxury brand.
40. Gerard Wertheimer
Net Worth: $36.8 Billion | Age: 73 | Country/Territory: France | Industry: Fashion & Retail
Gerard Wertheimer and his brother Alain own French luxury brand Chanel.
42. Ken Griffin
Net Worth: $36.4 Billion | Age: 55 | Country/Territory: United States | Industry: Finance & Investments
Ken Griffin founded and runs Citadel, a Miami-based hedge fund firm that manages $59 billion in assets.
43. MacKenzie Scott
Net Worth: $35.6 Billion | Age: 53 | Country/Territory: United States | Industry: Technology
MacKenzie Scott is a philanthropist, author and the ex-wife of Amazon founder Jeff Bezos, to whom she was married for 25 years. As part of their 2019 divorce, she received a 4% stake in the online retailer.
44. Thomas Peterffy
Net Worth: $34 Billion | Age: 79 | Country/Territory: United States | Industry: Finance & Investments
A digital trading pioneer, Thomas Peterffy chairs Interactive Brokers, which markets its specialized trading platform to sophisticated investors.
45. Reinhold Wuerth & family
Net Worth: $33.6 Billion | Age: 88 | Country/Territory: Germany | Industry: Manufacturing
Reinhold Wuerth entered his father's wholesale screw business in 1949, at age 14, as the company's second employee and first apprentice.
46. William Ding
Net Worth: $33.5 Billion | Age: 52 | Country/Territory: China | Industry: Technology
William Ding is the CEO of NetEase, one of the world's largest online games companies.
46. Savitri Jindal & family
Net Worth: $33.5 Billion | Age: 74 | Country/Territory: India | Industry: Metals & Mining
Jindal Group, whose interests include steel, power, cement and infrastructure, is chaired by Savitri Jindal, widow of founder Om Prakash Jindal.
48. Gianluigi Aponte
Net Worth: $33.1 Billion | Age: 83 | Country/Territory: Switzerland | Industry: Logistics
Gianluigi Aponte and his wife Rafaela each own a 50% stake in MSC, the world's largest shipping line.
48. Rafaela Aponte-Diamant
Net Worth: $33.1 Billion | Age: 79 | Country/Territory: Switzerland | Industry: Logistics
Rafaela Aponte-Diamant and her husband Gianluigi each own a 50% stake in MSC, the world's largest shipping line.
50. Changpeng Zhao
Net Worth: $33 Billion | Age: 47 | Country/Territory: Canada | Industry: Finance & Investments
Changpeng Zhao, who goes by CZ, is the founder and former CEO of Binance, the largest cryptocurrency exchange in the world.
51. Masayoshi Son
Net Worth: $32.7 Billion | Age: 66 | Country/Territory: Japan | Industry: Finance & Investments
Masayoshi Son founded and runs investment giant SoftBank Group.
52. Len Blavatnik
Net Worth: $32.1 Billion | Age: 66 | Country/Territory: United States | Industry: Diversified
Born in Ukraine, raised north of Moscow, Len Blavatnik immigrated to the U.S. in 1978 with his family; he studied computer science at Columbia University and received an MBA from Harvard Business School.
53. Miriam Adelson & family
Net Worth: $32 Billion | Age: 78 | Country/Territory: United States | Industry: Gambling & Casinos
Miriam Adelson is the widow of Sheldon Adelson, the former CEO and chairman of casino company Las Vegas Sands, who died at 87 in 2021.
54. François Pinault & family
Net Worth: $31.6 Billion | Age: 87 | Country/Territory: France | Industry: Fashion & Retail
François Pinault is honorary chairman of luxury group Kering, which owns fashion brands Saint Laurent, Alexander McQueen and Gucci.
55. Jim Simons
Net Worth: $31.4 Billion | Age: 85 | Country/Territory: United States | Industry: Finance & Investments
Jim Simons is the founder of Renaissance Technologies, an esteemed quantitative trading hedge fund firm that manages about $50 billion.
56. Gina Rinehart
Net Worth: $30.8 Billion | Age: 70 | Country/Territory: Australia | Industry: Metals & Mining
Australia's richest citizen, Gina Rinehart built her wealth on iron ore.
57. Ma Huateng
Net Worth: $30.2 Billion | Age: 52 | Country/Territory: China | Industry: Technology
Ma Huateng (also known as Pony Ma) chairs Chinese internet giant Tencent Holdings.
58. Abigail Johnson
Net Worth: $29 Billion | Age: 62 | Country/Territory: United States | Industry: Finance & Investments
Abigail Johnson has served as CEO of Fidelity Investments since 2014, when she took over for her father, and has been chairman since 2016.
59. Vagit Alekperov
Net Worth: $28.6 Billion | Age: 73 | Country/Territory: Russia | Industry: Energy
A former Caspian Sea oil rig worker, Vagit Alekperov became a deputy minister overseeing the oil industry in the Soviet Union.
60. Eduardo Saverin
Net Worth: $28 Billion | Age: 42 | Country/Territory: Brazil | Industry: Technology
Eduardo Saverin cofounded Meta Platforms, formerly Facebook, with Harvard classmate Mark Zuckerberg in 2004.
60. Lukas Walton
Net Worth: $28 Billion | Age: 37 | Country/Territory: United States | Industry: Fashion & Retail
Lukas Walton is a grandson of Walmart founder Sam Walton; he's an investor in businesses tackling environmental and social challenges.
62. Germán Larrea Mota Velasco & family
Net Worth: $27.9 Billion | Age: 70 | Country/Territory: Mexico | Industry: Metals & Mining
Germán Larrea Mota Velasco owns the majority of Mexico's largest copper mining company, Grupo México, which also has operations in Perú and the U.S.
63. Lee Shau Kee
Net Worth: $27.7 Billion | Age: 96 | Country/Territory: Hong Kong | Industry: Real Estate
Lee Shau Kee cofounded property developer Sun Hung Kai with Kwok Tak-Seng, the late father of Hong Kong's billionaire Kwok brothers.
64. Jeff Yass
Net Worth: $27.6 Billion | Age: 65 | Country/Territory: United States | Industry: Finance & Investments
Jeff Yass is a cofounder of Susquehanna International Group, one of Wall Street's largest and most successful trading firms.
65. Andrea Pignataro
Net Worth: $27.5 Billion | Age: 53 | Country/Territory: Italy | Industry: Finance & Investments
Andrea Pignataro is the founder and CEO of ION Group, a London-based financial data and technology firm.
66. Low Tuck Kwong
Net Worth: $27.4 Billion | Age: 75 | Country/Territory: Indonesia | Industry: Energy
Known as the coal king, Singapore-born Low Tuck Kwong is the founder of Bayan Resources, a coal mining company in Indonesia.
66. Leonid Mikhelson & family
Net Worth: $27.4 Billion | Age: 68 | Country/Territory: Russia | Industry: Energy
Leonid Mikhelson is the founder and chairman of natural gas producer Novatek.
68. Stefan Quandt
Net Worth: $27.3 Billion | Age: 57 | Country/Territory: Germany | Industry: Automotive
Stefan Quandt owns 23.6% of automaker BMW; his sister, Susanne Klatten, the richest woman in Germany, owns 19.1%.
69. Dilip Shanghvi
Net Worth: $26.7 Billion | Age: 68 | Country/Territory: India | Industry: Healthcare
The son of a pharmaceuticals distributor, Dilip Shanghvi borrowed $200 from his father to start Sun Pharmaceutical Industries in 1983 to make psychiatric drugs.
70. Vladimir Lisin
Net Worth: $26.6 Billion | Age: 67 | Country/Territory: Russia | Industry: Metals & Mining
Vladimir Lisin is chairman of NLMK Group, a leading manufacturer of steel products.
71. R. Budi Hartono
Net Worth: $26.5 Billion | Age: 83 | Country/Territory: Indonesia | Industry: Finance & Investments
R. Budi Hartono and his brother, Michael (whose fortune is listed separately), are among the richest in Indonesia.
71. Susanne Klatten
Net Worth: $26.5 Billion | Age: 61 | Country/Territory: Germany | Industry: Automotive
Susanne Klatten owns about 19% of automaker BMW; her brother, Stefan Quandt, owns nearly 24%.
73. Thomas Frist Jr & family
Net Worth: $26.2 Billion | Age: 85 | Country/Territory: United States | Industry: Healthcare
Thomas Frist Jr., a former Air Force flight surgeon, founded Hospital Corp. of America with his father in 1968.
73. Daniel Gilbert
Net Worth: $26.2 Billion | Age: 62 | Country/Territory: United States | Industry: Finance & Investments
Dan Gilbert cofounded what would become Quicken Loans, the largest mortgage lender in the U.S., in 1985 at 22 years old.
75. Iris Fontbona & family
Net Worth: $25.7 Billion | Age: 81 | Country/Territory: Chile | Industry: Metals & Mining
Iris Fontbona is the widow of Andrónico Luksic, who built a fortune in mining and beverages before dying of cancer in 2005.
76. Emmanuel Besnier
Net Worth: $25.5 Billion | Age: 53 | Country/Territory: France | Industry: Food & Beverage
Emmanuel Besnier is the controlling shareholder of family-held Lactalis, the world's largest dairy conglomerate, with more than $30 billion in annual revenues.
76. Michael Hartono
Net Worth: $25.5 Billion | Age: 84 | Country/Territory: Indonesia | Industry: Manufacturing
Michael "Bambang" Hartono and his brother R. Budi are among the richest in Indonesia.
76. Alexey Mordashov & family
Net Worth: $25.5 Billion | Age: 58 | Country/Territory: Russia | Industry: Metals & Mining
Alexey Mordashov is the majority shareholder in steel company Severstal, which he ran as CEO for 19 years before resigning in 2015.
79. John Menard Jr
Net Worth: $25.2 Billion | Age: 84 | Country/Territory: United States | Industry: Fashion & Retail
John Menard's home improvement retailer Menards brings in an estimated $13 billion in sales from more than 300 stores.
80. He Xiangjian & family
Net Worth: $25.1 Billion | Age: 81 | Country/Territory: China | Industry: Manufacturing
Entrepreneur He Xiangjian built Midea Group into one of the world's largest appliance makers.
81. Jack Ma
Net Worth: $24.5 Billion | Age: 59 | Country/Territory: China | Industry: Technology
A former English teacher, Jack Ma cofounded Alibaba Group, now one of the world's largest e-commerce businesses, in 1999.
81. Elaine Marshall & family
Net Worth: $24.5 Billion | Age: 81 | Country/Territory: United States | Industry: Diversified
Elaine Marshall owns an estimated 16% of $125 billion (2022 sales) conglomerate Koch Industries with her two sons.
83. Autry Stephens
Net Worth: $24.3 Billion | Age: 86 | Country/Territory: United States | Industry: Energy
Oil tycoon Autry Stephens started a sole proprietor business in Texas and drilled his first well in 1979.
84. Eyal Ofer
Net Worth: $24 Billion | Age: 73 | Country/Territory: Israel | Industry: Diversified
Eyal Ofer is the chairman of the Monaco-based Ofer Global, active in shipping, real estate, technology, banking, energy and other investments.
85. Vladimir Potanin
Net Worth: $23.7 Billion | Age: 63 | Country/Territory: Russia | Industry: Metals & Mining
Vladimir Potanin acquired a stake in Norilsk Nickel during Russia's privatization in 1995; today he owns just over a third of the company.
86. Gennady Timchenko
Net Worth: $23.4 Billion | Age: 71 | Country/Territory: Russia | Industry: Energy
Gennady Timchenko has stakes in various Russian businesses, including gas company Novatek and petrochemical producer Sibur Holding.
87. Takemitsu Takizaki
Net Worth: $23.1 Billion | Age: 78 | Country/Territory: Japan | Industry: Manufacturing
Takemitsu Takizaki is the founder of Keyence, a supplier of sensors and electronic components for factory automation systems.
88. Vinod Adani
Net Worth: $23 Billion | Age: 75 | Country/Territory: Cyprus | Industry: Diversified
Vinod Adani is the older brother of Gautam Adani, who was at one point, the world's third richest person.
89. Robin Zeng
Net Worth: $22.9 Billion | Age: 55 | Country/Territory: Hong Kong | Industry: Automotive
Robin Zeng is the founder and chairman of Contemporary Amperex Technology (CATL), one of the world's largest suppliers of batteries for electric vehicles.
90. Cyrus Poonawalla
Net Worth: $21.3 Billion | Age: 82 | Country/Territory: India | Industry: Healthcare
Son of a horse breeder, Cyrus Poonawalla founded Serum Institute of India in 1966 and built it into the world's largest vaccine maker (by doses).
91. Andrey Melnichenko & family
Net Worth: $21.1 Billion | Age: 52 | Country/Territory: Russia | Industry: Metals & Mining Industrialist
Andrey Melnichenko is the founder of fertilizer producer Eurochem and coal energy company SUEK.
92. Diane Hendricks
Net Worth: $20.9 Billion | Age: 77 | Country/Territory: United States | Industry: Construction & Engineering
Diane Hendricks chairs ABC Supply, one of the largest wholesale distributors of roofing, siding and windows in America.
92. Kushal Pal Singh
Net Worth: $20.9 Billion | Age: 92 | Country/Territory: India | Industry: Real Estate
Property baron Kushal Pal Singh left an army posting in 1961 to join DLF, a company started by his father-in-law in 1946.
94. Vicky Safra & family
Net Worth: $20.6 Billion | Age: 71 | Country/Territory: Brazil | Industry: Finance & Investments
Vicky Safra and her four adult children inherited their fortune from her late husband and their father, banker Joseph Safra, who died in December 2020.
94. Eric Schmidt
Net Worth: $20.6 Billion | Age: 68 | Country/Territory: United States | Industry: Technology
Eric Schmidt left the board of Google parent company Alphabet in June 2019 after 18 years; he stayed on as a technical advisor until February 2020.
94. David Tepper
Net Worth: $20.6 Billion | Age: 66 | Country/Territory: United States | Industry: Finance & Investments
David Tepper, arguably the greatest hedge fund manager of his generation, founded Appaloosa Management in 1993.
97. Steve Cohen
Net Worth: $19.8 Billion | Age: 67 | Country/Territory: United States | Industry: Finance & Investments
Steve Cohen oversees Point72 Asset Management, a $30.6 billion hedge fund firm that started managing outside capital in 2018.
98. Kumar Birla
Net Worth: $19.7 Billion | Age: 56 | Country/Territory: India | Industry: Diversified
Commodities king Kumar Birla is the fourth generation head of the storied, $65 billion (revenue) Aditya Birla Group. More than half is generated outside India, where it has a presence in 41 countries.
99. Rick Cohen & family
Net Worth: $19.6 Billion | Age: 71 | Country/Territory: United States | Industry: Technology
Rick Cohen is owner and executive chairman of C&S Wholesale Grocers, the nation's largest grocery wholesaler, with $33 billion in annual revenue.
100. Rupert Murdoch & family
Net Worth: $19.5 Billion | Age: 93 | Country/Territory: United States | Industry: Media & Entertainment
Rupert Murdoch built a media empire that includes cable channel Fox News, The Times of London and The Wall Street Journal. He stepped down as chairman in September 2023.
101. Andrew Forrest & family
Net Worth: $19 Billion | Age: 62 | Country/Territory: Australia | Industry: Metals & Mining
Andrew Forrest founded Fortescue Metals Group in 2003. It's an iron ore giant which is now transforming itself into a green energy powerhouse.
102. Harold Hamm & family
Net Worth: $18.5 Billion | Age: 78 | Country/Territory: United States | Industry: Energy
Fracking pioneer Harold Hamm founded and chairs Continental Resources, one of the nation's biggest independent oil companies.
103. Dustin Moskovitz
Net Worth: $18.3 Billion | Age: 39 | Country/Territory: United States | Industry: Technology
Dustin Moskovitz helped launch Facebook in 2004 with then-roommate Mark Zuckerberg from their Harvard dorm.
104. Donald Bren
Net Worth: $18 Billion | Age: 91 | Country/Territory: United States | Industry: Real Estate
Donald Bren is America's wealthiest real estate baron.
104. Renata Kellnerova & family
Net Worth: $18 Billion | Age: 56 | Country/Territory: Czech Republic | Industry: Finance & Investments
Renata Kellnerova is the widow of Petr Kellner, the former richest person in the Czech Republic, who died in March 2021 at age 56.
104. Michael Platt
Net Worth: $18 Billion | Age: 56 | Country/Territory: United Kingdom | Industry: Finance & Investments
Michael Platt is the cofounder and CEO of BlueCrest Capital Management, which he started in late 2000 after nearly a decade at JP Morgan.
107. Radhakishan Damani
Net Worth: $17.6 Billion | Age: 69 | Country/Territory: India | Industry: Fashion & Retail
Veteran Mumbai investor Radhakishan Damani became India's retail king after the March 2017 IPO of his supermarket chain Avenue Supermarts.
The Israeli government and Intel confirmed plans to build a $25 billion chipmaking factory in the south of the country, an investment Prime Minister Benjamin Netanyahu has described as the biggest in Israel’s history.
The American tech giant already employs 11,700 people in Israel and has invested more than $50 billion in the country over the last 50 years.
Intel now wants to expand its existing chipmaking factory at Kiryat Gat — about 16 miles northeast of Gaza — undeterred by the October 7 attacks and the ongoing war between Israel and Hamas. Reuters earlier reported the news.
“Intel has chosen to approve an unprecedented investment of $25 billion and to establish its new factory right here in Israel,” Israel’s finance minister Bezalel Smotrich wrote in a post on X on Tuesday.
“This investment promises to foster high-quality employment opportunities with elevated productivity in remote areas and will significantly contribute to the growth of the Israeli economy,” he added.
Netanyahu initially announced the new factory in June, describing it as “the largest investment ever by an international company in Israel.”
Intel (INTC) did not confirm the new investment at the time, saying only that its Israel operations were crucial to the company’s success and that plans to expand them were driven by a commitment to meet future manufacturing needs.
The company confirmed the investment plans on Tuesday.
“The growth of our Kiryat Gat manufacturing facilities is a tremendous source of pride for our employees in Israel, and a reflection of their unwavering commitment to excellence,” said Daniel Benatar, co-general manager of Intel Israel, in a statement. “Support from the Israeli government will enable us to continue building on that excellence to ensure that Israel remains a global center of semiconductor technology and talent.”
The Israeli government said Tuesday that Intel has confirmed plans to build a $25 billion chipmaking factory in the south of the country, an investment Prime Minister Benjamin Netanyahu has described as the biggest in Israel’s history.Intel said the expansion plan for the Kiryat Gat site will help bolster its ability to source materials and chips around the world. The company is investing heavily in a bid to reassert its position as the leader of the semiconductor industry and to build greater resilience into supply chains in the face of rising geopolitical tension. It said in 2022 that it would invest $20 billion to build two new US chipmaking facilities, as well as up to $90 billion in new European factories.
The Israeli government will provide a grant of $3.2 billion for the expansion of the Kiryat Gat plant, spread over several years, Israeli media reported.
Intel has committed to buy 60 billion shekels ($16.6 billion) worth of goods and services from Israeli suppliers over the next decade, Reuters reported, citing the company’s statement.
Construction work was already underway to prepare for the expansion of the site, and a significant portion of the buildings had been completed, the news agency added.
The new plant is due to open in 2028 and operate through 2035.
Including Kiryat Gat, Intel’s most advanced manufacturing facility, the company has four development and production sites in Israel.
Intel also bought Israeli driver-assist technology startup Mobileye for $15.3 billion in 2017, before taking it public just over a year ago.
In February 2022, it announced plans to buy Israeli chipmaker Tower Semiconductor for $5.4 billion, but that deal was scrapped earlier this year after it failed to obtain the required regulatory approvals. The acquisition reportedly collapsed because China’s antitrust regulator didn’t provide clearance.
Customer demand for Nvidia chips is so far above supply that CEO Jensen Huang had to discuss how ‘fairly’ the company decides who can buy them
With demand for his company's AI chips soaring and supply limited, Nvidia CEO Jensen Huang was forced to deliver an unusual message Wednesday.
"We allocate fairly. We do the best we can to allocate fairly, and to avoid allocating unnecessarily," Huang said in response to a question during Nvidia's fourth quarter earnings call.
The Nvidia boss was referring to how the company decides who gets first dibs on its graphics processors, or GPUs, the hardware that powers the artificial intelligence boom. Tech giants like Meta, Microsoft, Amazon, and Alphabet can't get enough of Nvidia's GPUs as they race to build datacenters that make popular generative AI services like ChatGPT, Runway AI and Gemini a reality.
And that's just one group of customers. A long list of original equipment manufacturers (OEMs) and original design manufacturers (ODMs) are also clamoring for the GPUs, not to mention customers in industries like biology, healthcare, finance, AI development, and robotics.
Having to choose between desperate customers might seem like a good problem to have. Indeed, Nvidia's $22 billion in fourth quarter revenue was more than triple what it was a year ago and came in $2 billion above the company's own forecast.
“Accelerated computing and generative AI have hit the tipping point. Demand is surging worldwide across companies, industries and nations,” Huang said in a statement accompanying the results, which sent Nvidia's stock up more than 8% in after hours trading.
But managing that demand is no simple feat, and in the chip business, getting it wrong can have disastrous consequences on the balance sheet. So Huang needs customers to trust that Nvidia isn't playing favorites, lest they order more than they actually need or consider alternatives such as AMD's forthcoming AI chips.
In trying to assure listeners of Nvidia's even-handedness, Huang explained how the company works strategically with cloud service providers—which account for 40% of Nvidia's datacenter business—to ensure that they can responsible plan for their needs.
"Our CSPs have a very clear view of our product roadmap and transitions," Huang said. "And that transparency with our CSPs gives them the confidence of which products to place, and where, and when... they know the timing to the best of our ability, and they know quantities and of course allocation."
All eyes are on Nvidia
The attention that Nvidia's earnings report commanded on Wednesday cannot be overstated. Across social media platforms, vivid artificially-generated images depict cityscapes in disarray, with towering structures engulfed in flames, each captioned with various ways of saying—a failure by Nvidia to meet earnings expectations could have profound implications for the world at large.
"If Nvidia doesn’t beat earnings expectations today the earth will explode," one financial advisor joked in a tweet.
In the era of burgeoning artificial intelligence and heightened corporate demand for its capabilities, Nvidia has emerged as a pivotal player. Its significance is underscored by the fact that it commands over 80% of the worldwide market for the specialized chips essential for powering AI applications, according to Reuters. This week, Nvidia's market cap surged to $1.8 trillion, propelling it to the position of the fourth-largest company globally by market capitalization, surpassing both Amazon and Alphabet in the process.
When it comes to GPU supply, Huang said the issue is more complex than it might seem. While he commended the supply chain for providing Nvidia with necessary components like packaging, memory, and various other parts, he underscored the substantial size of the GPUs themselves.
"People think that Nvidia GPUs is like a chip. But the Nvidia Hopper GPU is 35,000 parts. It weighs 70 pounds," Huang said. "These things are really complicated...people call it an AI supercomputer for good reason. If you ever looking look in the back of the data center, the systems, the cabling system is mind boggling. It is the most dense, complex cabling system for networking the world's ever seen."
This story was originally featured on Fortune.com