Meet The 10 Richest People On Earth 2014

#4 Warren Buffett, Net worth: $58.2 billion

An American business magnate, CEO and largest shareholder of Berkshire Hathaway and Co-founder of Giving Pledge ranked among the world's wealthiest people. He became a billionaire in 1962 and was called the 'Wizard of Omaha', 'Oracle of Omaha', or the 'Sage of Omaha', Buffett is known for his adherence to ‘value investing’ philosophy and for his personal frugality despite his immense wealth.

#5 Larry Ellison, Net worth: $48 billion

Founder of Oracle which was started in 1977, Ellison was a college dropout from the University of Illinois. He holds 22.5 percent shares of Oracle and his company deals with Data Base Management Systems and he once served as one of the Board of Directors for Apple. Ellison owns several yachts, airplanes and islands.

#6 Charles Koch, Net worth: $40 billion

An American businessman and philanthropist, Charles Koch is co-owner, chairman of the board, and chief executive officer of Koch Industries, while his brother David H. Koch serves as Executive Vice President. Charles and David each own 42 percent of the conglomerate. The company deals in oil refining, chemicals, pollution control equipment, polymers fibres and fertilizers. According to 2010 Forbes survey, Koch industry is the second-largest privately held company by revenue in the United States.

#7 David Koch, Net Worth: $41.6 Billions

Co-owner and executive vice president of Koch Industries, which is one of the largest privately held companies in the world, together they hold 84 percent stake in Koch Industries. Charles Koch and David Koch inherited the business from their father Fred Koch. To their credit, the brothers expanded the business to 2,600 times its inherited size and the company generates $115 billion in sales.

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