Humble Beginnings to being 'Born into Money'

BENGALURU: Business Insider recently released a list of 50 richest people on earth based on data from Wealth-X, which conducts research on the super-wealthy. While billionaires on the list came from humble beginnings, others were born into money. Weath-X found the wealthiest people in the world by looking at its database of dossiers on more than 110,000 people and used a proprietary valuation model that takes into account, each person’s assets, then adjusts estimated net worth to account for currency-exchange rates, savings rates and several other factors. The list is narrowed down to billionaires who inherited at least part of their wealth. Here are a list of 10 billionaires in the world, based on an article by Melissa Stanger, Emmie Martin and Tanza Loudenback.

1. David Koch
Net worth: $47.4 billion
Age:75
Country: U.S.
Industry: Diversified Investments

David Koch runs Koch Industries as EVP, along with his brother Charles. Manufacturing everything from fertilizers and Dixie Cups to asphalt and biodiesel, the firm is the second largest private company with $1115 billion (in sales). David, is  one of the most generous givers, pledging to contribute more than $1.2 billion to cancer research, hospitals, education and cultural institutions. The brothers also maintain immense political influence and pledged to spend $750 million in 2016 for campaigns and causes.

2. Charles Koch
Net worth: $46.8 billion
Age: 80
Country: U.S.
Industry: Diversified Investments

Charles Koch is the Chairman and CEO of the multifaceted conglomerate Koch Industries—the second-largest private company in America, founded by his father. The company generates $115 billion in sales and employs 100,000 people. The Koch brothers have combined a net worth of $94.2 billion and along with their vast donor network, plan on pitching in some $750 million during 2016 election cycle.

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