Here is the latest list of United States's top 20 Entrepreneur celebrities [Updated November 23, 2020].
June 1998 – $1 billion for the first time
June 1999 – $10 billion
July 2015 – $50 billion
January 2018 – $100 billion
July 2018 – $150 billion
September 2018 – $170 billion
January 2019 – Jeff announces he is divorcing his wife of 25 years, MacKenzie. Clearly the outcome of this divorce will have an enormous impact on Jeff's $150 billion net worth.
April 4, 2019 – Jeff and MacKenzie announced that they had reached an amicable resolution of their divorce where she will be given $36 billion worth of Amazon stock. Jeff will retain 75% of his former stake and will have voting control over MacKenzie's shares. She will not have any ownership in The Washington Post or Jeff's space company Blue Origin. It's unclear how the couple decided to split their various homes and jets. Jeff's net worth immediately following the announcement became $114 billion.
March 9, 2020 – $111 billion
July 1, 2020 – $172 billion
July 9, 2020 – $190 billion
August 26, 2020 – $202 billion
If you're keeping track, it took Jeff just three years to become a billionaire after launching in 1995. It took him 20 years to make $50 billion, but then only 2.5 years to make his second $50 billion, for a total of $100 billion. And then it only took 7 months to make his third $50 billion, for a total of $150 billion. And then he lost $36 billion in an instant with the stroke of a pen.
In the 20 years since Amazon went public, Bezos has sold at least $70 billion worth of his shares. He sells roughly $1 billion worth of shares every year as part of a planned stock sale arrangement.
The day Amazon went public, Amazon's stock topped out at $18 and Jeff was left with a net worth of $12 billion. At the peak of the dotcom bubble, Amazon stock topped $106 per share. After the bubble burst, Amazon's stock price sank to an all-time low of $5 per share in October of 2001. At that point, Jeff's net worth sank to $2 billion. At various times in recent history, a single share of Amazon traded for more than $2050. So, if you had been smart enough to take $10,000 and buy shares of Amazon in October of 2001, could have had $4.1 million before counting any dividends that they may have issued.
Bill Gates has sold at least $40 billion in Microsoft stock and collected over $12 billion in dividends since the company's IPO in 1986. He used that money to create the holding company Cascade Investment which has continued to grow and includes investments in companies such as Canadian National Railway and AutoNation. Gates is quite a philanthropist and donated a $3.3 billion payout he received in 2004 to his Bill & Melinda Gates Foundation. He still has a 1.3 percent stake in Microsoft.
Facebook IPO'd on May 18, 2012, at roughly $38 dollars a share. Mark owns 400 million shares of Facebook. That means at the IPO he ended the day with a paper net worth of around $15 billion.
Mark has pledged to give away 99 percent of his wealth during his lifetime. In September 2017 he announced a plan to regularly sell off chunks of his shares to fund his foundation, the CZI (Chan-Zuckerberg Initiative). His 2018 share sales generated $5.3 billion worth of proceeds. In 2019 he sold $1.86 billion worth of Facebook shares.
Mark Zuckerberg's salary is $1 per year. That is not a typo. Many executives like Zuckerberg choose to pay themselves low salaries in order to increase the company's profits as much as possible. When the company maximizes profits it increases the overall value of their stock holdings which is where the executive's true wealth comes from. Executives like Eric Schmidt, Larry Page, and Sergey Brin each earn only $1 per year in salary!
Co-founded Google in 1998 alongside Sergey Brin. He became CEO of Google in 2011, replacing Eric Schmidt.
Larry Ellison Net Worth details: Today Ellison owns 22% of Oracle and has a net worth that tops $70 billion. He has pledged 315 million of his shares as collateral against lines of credit and personal debt. Since 2003 he has earned around $9 billion from Oracle stock sales and dividends.
Created a charitable foundation with her husband Bill Gates.
Daughter of Sam Walton, the founder of Walmart.
Net Worth Details: Phil Knight controls 24 percent of the world's largest athletic shoe and sports apparel company, Nike. He holds Class A and Class B shares through a Delaware-based holding company appropriately named "Swoosh". Knight's son Travis owns 10 percent of Swoosh, although they are still credited to Phil. Nike had revenue of $32 billion in 2016 and owns the Converse and Jordan brands.
Billionaire casino mogul who became a prominent supporter of Mitt Romney during the 2012 presidential election.
Net Worth details: Paul Allen was known for his stake in Microsoft, although the exact amount has not been reported since 2000 because it fell below 5 percent. His fortune was mostly tied to the real estate, private equity, and energy sectors. Allen owned more than 1 million square feet of retail, office, and industrial space in California, New York, Washington, and Oregon. He was involved in Uber, DreamWorks, Plains All America, and Ticketmaster. Allen is said to have lost $8 billion trying to expand broadband too early.
One of the four co-founders of Facebook along with Mark Zuckerberg.
Net Worth details: As of this writing, Dustin Moskovitz owns roughly 3% of Facebook made up of 95 million class A and class B shares combined. Moskovitz is said to own 47 million class A shares. He has sold several hundred million dollars worth of of stock since Facebook went public in 2012.
Entrepreneur who famously founded the investment management firm Bridgewater Associates in 1975. Ray Dalio saw it become the largest hedge fund in the world in 2013 before he was named the 79th wealthiest person in the world in 2020 by Bloomberg.
Net Worth details: Ray Dalio owns 79 percent of Bridgewater Associates Intermediate Holdings. The company administers about $1590 billion worth of assets and is valued at just under $11 billion. From 2010 to 2015 Dalio earned at least $7.7 billion in profit from Bridgewater, and he also earned $1.44 billion from 2005 to 2009. He has also donated more than $1 billion to his Dalio Foundation.