TIME Careers & Workplace

7 Life Hacks From Mark Zuckerberg, Richard Branson, Elon Musk and Other Billionaires

Mark Zuckerberg, co-founder and chief executive officer of Facebook Inc., at a Bloomberg television interview in Menlo Park, Calif. on Dec. 2, 2014.
Paul Morris—Bloomberg via Getty Images Mark Zuckerberg, co-founder and chief executive officer of Facebook Inc., at a Bloomberg television interview in Menlo Park, Calif. on Dec. 2, 2014.

Pay it forward

With just shy of 2,000 billionaires on earth, the odds of joining that rarefied club is about one in 4 million. To put that in perspective, you are 24 times more likely to be killed by lightning than you are to become a billionaire.

If you hope to be a billionaire, despite the odds, it stands to reason that taking a radically different approach to life could shift things in your favor. Who better to show us how to rebel against an average life than rebel billionaires themselves? Here are seven life hacks from this rare group:

1. Work hard, play harder

Sir Richard Branson is the perfect example of prospering fantastically while truly enjoying life. While Branson certainly works hard, he is much better known for playing hard. From hot-air-balloon trips around the world to bungee jumping off buildings, Branson understands the value of living life to its fullest.

Lesson: Working hard is fine, but always take time away from work to have fun and recharge.

2. Follow your passions

When it comes to building a business around something you love, I can’t think of a better example than Nick Woodman, the founder of GoPro. Woodman’s adrenaline-fueled action-camera company was built on the backs (and helmets) of extreme athletes and adventure seekers around the world, and helps them to showcase and share their passions with the more risk-averse among us.

Lesson: If you love doing something, and others share your passion, you can make money doing it.

3. Hedge your bets

One of the smartest financial moves made around the time of the dot-com bust was by Mark Cuban. Cuban’s company, Broadcast.com, was acquired by Yahoo in 1999 for $5.7 billion in Yahoo stock. Not too long after that, Cuban, believing a crash was likely but unable to sell his stock due to lockup agreements, made the call to short an index fund that had a sizable stake in Yahoo to help balance out his overexposure. It cost him $20 million do this, but prevented him from losing an even larger amount.

Lesson: Take smart risks, but always look for ways to mitigate the risk and to avoid overexposure.

4. Be a connector

When it comes to success, one of the most critical components really is who you know. Mark Zuckerberg is a billionaire many, many times over because of his efforts to connect people. He grasped early on the power of connections, and set out on a mission to bring everyone on Earth closer together. Considering roughly two out of three people with Internet access are now on Facebook, he has done an incredible job.

Lesson: Be the hub at the center of your network, and connect people together as often as you can.

5. Rock the boat

While I don’t agree with everything Travis Kalanick, Uber’s CEO, has done, I absolutely agree with his unrelenting crusade to displace the status quo. Kalanick entered a stale industry known for a terrible user experience, and has kicked and battered his way through mountains of bureaucracy and legal red tape to make the on-demand transportation industry much more pleasant for consumers.

Lesson: Question everything, rock the boat and fight for change if you believe things should change.

6. Be yourself

After listening to Chris Sacca of LOWERCASE capital on a recent Tim Ferriss podcast, I think he’s an incredible example of someone who is unapologetically himself. He has strong opinions, wears crazy shirts and makes decisions based off his own system of values. He doesn’t invest if he doesn’t believe he’ll add value, and he only invests in companies that he can be proud of.

Lesson: Decide who you want to be, and be that person, regardless of what others think or say.

7. Leave things better than you found them

Nobody on the planet today embodies this philosophy better than Elon Musk. From SpaceX and Tesla to Solar City and beyond, Musk has dedicated his fortune and his life to making the world, and the chances of humanity surviving and prospering, better than they are now. If you’re not familiar with Musk’s story, read this. The things that he has done, and that he is trying to accomplish, are truly incredible.

Lesson: Pay it forward. Make the world, and the people around you, better. Think beyond your lifetime.

As Albert Einstein purportedly said, the definition of insanity “is doing the same thing over and over expecting different results.” Billionaires don’t become billionaires by taking the common path through life, so if you’re hoping to join their ranks, then you’ll need to get in touch with your inner-rebel and explore alternate paths.

This article originally appeared on Entrepreneur.com

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TIME philanthropy

Yuri Milner: Why I Funded the Largest Search for Alien Intelligence Ever

And why it’s worth $100 million over the next decade for him to help do so

On July 20, a consortium of scientists funded by billionaire investor Yuri Milner announced a $100 million project to answer one of the biggest questions in the universe: Is there intelligent life beyond our solar system? Milner, 53, a former scientist who was CEO of Russia’s largest Internet portal Mail.ru before making prescient investments in Facebook, Twitter and Alibaba, has focused his philanthropic efforts on science. The endowment—dubbed Breakthrough Listen—will fund telescope time in North America and Australia as well as data processing to look for radio signals in distant solar systems. Milner spoke to TIME about the announcements; what follows is a lightly edited transcript.

Q: You founded the Breakthrough Prize three years ago to recognize scientists in much the way the Oscars recognize Hollywood. The show also draws famous celebrity presenters like Benedict Cumberbatch. Why do this? Where does your interest in science come from?
In my previous life I was a physicist, maybe that explains my interest in science. I was named Yuri after Yuri Gagarin, the first human to journey into outer space. So I kind of carry this name, and I think, a mission to support science.

We don’t celebrate intellectual achievement. We celebrate athletic achievement. We celebrate artistic achievement. If you were to look at the 200 most famous people in the world, Stephen Hawking wouldn’t make the list—or maybe he’d be number 199 or something. With [Breakthrough], we’re making some progress on that. We don’t pay celebrities to come; they come because they want to. When we started it was the only black tie event in Silicon Valley. This year for the first time, it’ll be broadcast on a major network—Fox—and we’ll be televising it live.

Why focus on the question of life in the universe now?
We’re announcing on July 20, the anniversary of the Apollo Moon landings. I think interest in space is rising again after a long period of dormancy. Look at the excitement over Pluto, over possibly reaching Mars. This project is easy to explain. It’s high impact, low probability which is scientifically legitimate. And everyone in his life has thought about this question.

What are you looking for exactly?
An artificial signal not explainable by science.

MORE: What It’s Like to Spend an Entire Year in Space

SETI [search for extraterrestrial intelligence] has a long history. What’s changed?
In the 1960s, Frank Drake did pioneering SETI work and it was partially funded through the 1980s. But then the idea sort of faded away—except for the question of course. Today several things have changed that will allow us in one day to pull down as much data as we’re currently doing in a year.

We now know for a fact that there are candidates in the galaxy, a few billion. Telescope time used to be harder to get, but now there is an opportunity for private endeavors to buy telescope time. And finally Moore’s Law: we can design a backend infrastructure capable of processing huge amounts of data much faster than ever before. We want to marry the best of Silicon Valley’s capabilities with the best science can offer.

There’s a lot of space, to put it mildly. Even if we get a better look, what’s to say somebody is looking back at us?
There’s been a lot of very serious scientific work done on this and a lot of very interesting philosophical work. The thinking is if there is a civilization even a little more advance than us, they might be able to tell there is oxygen in our atmosphere and that we’re worth looking at. If they have something even as big as Arecibo [a radio telescope in Puerto Rico], and they point it at us they can communicate.

And what about the societal consequences of finding an answer either way?
Either answer is kind of cool and frightening. We’re alone is kind of cool and frightening. And we’re not alone is kind of cool and frightening. Although it would be a fundamental discovery, life will not change a lot. He will got work. I will make an investment. You will write something.

What do you think personally?
The universe is not teeming with life, but we’re probably not alone. If we were alone it would be such a waste of real estate. But I don’t want to be the judge, I just want to help find an answer.

MORE: Buzz Aldrin: We Need More Handshakes in Space

You say this is an “open” project. What does that mean?
We’re making all the data open and available to scientists and amateurs alike. A lot of projects claim to be open but really aren’t. We will be totally open. There will be no need to apply and the data won’t be delivered in a manner so complex as to make it unintelligible. We’re also using the SETI infrastructure—a network of 9 million personal computers that forms one of the largest super computers in the world. Now they’ll have a lot more data to chew on. The more people participate, the better. I’m sure there will be plenty of false positives, but it’s worth it.

The funding will last for a decade. What if we haven’t found anything by then?
I’ll fund it for another 10 years. This thing can go on forever. It’s our responsibility as human beings to keep looking for a signal.

TIME Goldman Sachs

Meet Goldman Sachs’s Newest Billionaire: the CEO

Robin Hood Veterans Summit
Craig Barritt—Getty Images for The Robin Hood Lloyd Blankfein

His net worth has soared as a result of strong stock performance

Who knew that running one of the world’s most powerful investment banks could be so profitable?

Despite the fact that increased regulation has helped to crimp profits on Wall Street in recent years, shares in Goldman Sachs have doubled in the past three years, gaining enough that the bank’s CEO Lloyd Blankfein has now officially joined the ranks of the billionaire class — he now has a net worth of $1.1 billion, according to Bloomberg News.

Blankfein may, however, be the last investment bank executive to get this rich for some time, as Goldman was the last of the major investment banks to go public. Since Blankfein, the son of a New York postal worker, was a partner at the firm before it went public in 1999, he owns a sizable share of the company, which has more than quadrupled in value since the firm’s IPO.

Blankfein has undergraduate and law degrees from Harvard University. He rose through Goldman’s trading business to clinch the top job at the bank in 2006.

TIME Money

This Man Just Became Richer Than Warren Buffett

Amancio Ortega and Family Attend CSI Casa Novas Horse Jumping Competition 2013
Xurxo Lobato—Getty Images Amancio Ortega, owner of Zara empire, meets some friends at CSI Casas Novas Horse Jumping Competition 2013 near Arteixo on July 27, 2013 in A Coruna, Spain.

He's a famously private person

Amancio Ortega, founder of clothing retailer Zara, is now the second-richest man in the world, knocking legendary investor Warren Buffett into third place.

The 79-year-old who hails from Spain is worth over $71.5 billion as of June 2, 2015, according to Bloomberg. Bill Gates remains the world’s richest man with a net worth of over $85.5 billion.

Buffet’s net worth of $70.2 billion — over $1 billion shy of Ortega’s new total — drops him well into third.

According to Business Insider:

Ortega founded fast-fashion giant Zara with his then-wife Rosalia in 1975. Today, his retail company Intidex SA — which owns Zara, as well as Massimo Dutti and Pull&Bear — has over 6,600 outposts around the world. Zara in of itself is changing retail forever.

JPMorgan Chase CEO Jamie Dimon recently became a billionaire for the first time as stocks of the company surged. He now has an estimated $1.1 billion net worth.

TIME Banking

JPMorgan CEO Jamie Dimon Has a Brand New Title

The Davos World Economic Forum 2014
Bloomberg—Bloomberg via Getty Images James "Jamie" Dimon, chief executive officer of JPMorgan Chase & Co., pauses during a break in sessions on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Wednesday, Jan. 22, 2014.

It's a rare achievement among bank executives

The JPMorgan Chase & Co stock is up, and along with it, so is Jamie Dimon’s wealth.

According to today’s Bloomberg Billionaires Index, Dimon is now a billionaire, with an estimated $1.1 billion in net worth. It helps that shares of JPMorgan (JPM) closed yesterday at $66.08, just pennies away from an all-time high of $66.39. The bank has been performing exceedingly well in recent months, along with many of its peers, as the American economy comes surging back.

Dimon is extremely well paid—the executive took home a reported $20 million last year in combined cash and stock, and earned the same in 2013.

But that kind of pay, on its own, isn’t enough to create a billionaire. Nearly half of Dimon’s estimated wealth comes from his $485 million stake in JPMorgan, which he helped build into the world’s biggest investment bank. The rest comes from a strong investment portfolio derived from selling 2.3 million shares of Citigroup in 1998 when he left that company.

It’s rare for a retail bank executive to achieve the billionaire mark. Typically, it’s hedge fund managers that obtain such high net worth. As Bloomberg notes, this news puts Dimon in rare company along with titans like George Soros as well as Dimon’s own mentor, Sandy Weill.


TIME leadership

This Is How Much It Costs to Lunch With Warren Buffett

Rick Wilking—Reuters Berkshire Hathaway CEO Warren Buffett

If it's part of a charity auction that is

For a little more than $1 million, you too could dine with Warren Buffett. The annual auction of a “power lunch” with the Oracle of Omaha opened on Sunday night at $25,000, and the bidding is already up to $1,000,100.

The eBay auction benefits the Glide Foundation, a charitable organization that assists the poor and homeless, which Buffett has chosen to receive the proceeds of the lunch fundraiser each year. Bidding goes until Friday, June 5, at 10:30 p.m. Eastern Daylight Time.

Still, by the time the auction closes, the winning bidder—so far only four are in the race—will likely have to pay much more than $1 million to eat steak with Buffett.

Last year, a Singapore man, Andy Chua, paid $2.2 million for the lunch date, which is often held at the Smith & Wollensky restaurant in New York. The record price for the meal, however, was in 2012, when an anonymous winner paid nearly $3.5 million.

At the current pace of bidding, this year’s auction stands to beat the 2012 record. The bidding was only at $500,000 with two days to go before the close of the auction that year; the current auction has already double that amount and there are still more than four days left to bid.

After all, dining with Buffett has already yielded much more than bragging rights to at least one lucky winner. Ted Weschler outbid his competitors to win the Glide auction in both 2010 and 2011, paying more than $2.6 million each time. Then a hedge fund manager, Weschler spent the meals discussing his own investment strategy and success—and impressed Buffett so much that the Oracle hired Weschler to run part of his legendary investment portfolio at Berkshire Hathaway.

Now considered one of Buffett’s protégés who will eventually take charge of Berkshire’s investments when Buffett eventually retires, Weschler had remained anonymous during both of the Glide auctions. His identity was first revealed by longtime Fortune writer Carol J. Loomis when his hiring was officially announced.

Perhaps it’s Weschler’s kind of prize—the chance to work directly for Buffett—that is inflating the cost of the charity lunch. In 2008, investor Guy Spier paid just $650,000 to lunch with Buffett.

As is typical, Buffett ordered a cherry coke with his medium-rare steak.

TIME russia

7 Western Assets Owned (for Now) by Russian Billionaires

Will the tanking Russian economy prompt its billionaires to shed their high profile holdings in the U.S. and Europe?

Russian billionaire Mikhail Prokhorov is reportedly looking for a buyer for the NBA basketball team he bought five years ago, amid speculation that the his country’s shrinking economy may have squeezed his finances.

The 49-year-old businessman, worth roughly $11.1 billion, wants to unload the Brooklyn Nets, Bloomberg reports. A spokesman for Prokhorov told Bloomberg that the team is open to sale offers.

There are many reasons that Prokhorov, the first foreign owner of an NBA team, could be considering a sale. The team has suffered a dismal start to the season after a poor record last year, sinking his plans for a spot in the championships within five years. The team has also lost about $144 million in the last year, according to ESPN.

The billionaire may also be capitalizing on an apparently hot market for NBA teams after former Microsoft CEO Steve Ballmer bought the Los Angeles Clippers last year for a record $2 billion. The Nets have been valued at around $1.3 billion, which means a sale could net Prokhorov nearly $1 billion in profits from his original, $220 million stake.

But as the Russian economy crumbles under falling oil prices and tough Western sanctions, the nation’s business elite are feeling the pressure. Last month alone, Russia’s richest 20 people — Prokhorov included — lost a combined $10 billion as the value of the ruble tumbled. They lost a combined $62 billion across the year, according to the analysis by Bloomberg.

And Prokhorov’s not alone. Russian billionaires have snapped up marquee items in Europe and the U.S., from sports teams to properties. There are growing fears that the downturn in Russia may prompt some of them to sell off their properties to cover losses.

Here’s a look at some of the highest profile assets owned by Russian oligarchs.

  • The Brooklyn Nets

    General view as fans watch a tip-off between the Brooklyn Nets and Orlando Magic at the Barclays Center on Nov. 9, 2014 in Brooklyn, New York.
    Alex Goodlett—Getty Images General view as fans watch a tip-off between the Brooklyn Nets and Orlando Magic at the Barclays Center on Nov. 9, 2014 in Brooklyn, New York.

    Mikhail Prokhorov, the seventh-richest Russian and the 107th richest person in the world, bought the team and a share of the team’s new Brooklyn arena, the Barclays Center, in 2010 (according to Bloomberg, his share of the arena is not for sale). The team made it to the playoffs in 2013 but still have little to show for high profile acquisitions of aging stars Paul Pierce and Kevin Garnett.

  • Arsenal

    Arsenal players celebrate victory with mascot Gunnersauraus Rex after the FA Cup with Budweiser Final match between Arsenal and Hull City at Wembley Stadium on May 17, 2014 in London.
    Clive Mason—Getty Images Arsenal players celebrate victory with mascot Gunnersauraus Rex after the FA Cup with Budweiser Final match between Arsenal and Hull City at Wembley Stadium on May 17, 2014 in London.

    In 2007, Alisher Usmanov bought an initial stake in the Arsenal Football Club and now owns about 30% of the team. The Gunners won an FA Cup title last year after a nearly decade long drought, but 2014 wasn’t all good news for Usmanov, who lost the title of richest man in Russia to Viktor Vekselberg.

  • 15 Central Park West

    15 Central Park West, a luxury condominium building, stands in New York, U.S., on Jan. 6, 2009.
    Bloomberg/Getty Images 15 Central Park West, a luxury condominium building, stands in New York, U.S., on Jan. 6, 2009.

    The record-breaking $88 million purchase of a penthouse on Central Park West in New York City in 2012 was linked to Dmitry Rybolovlev, who made his fortune in the fertilizer industry. But Rybolovlev, worth $10.2 billion, could lose the property in an ugly and very expensive divorce settlement; in May, a Swiss court ordered him to pay a record-breaking $4.5 billion this year.

  • AS Monaco

    Yannick Ferreira Carrasco of Monaco shoots at goal during the French Ligue 1 match between AS Monaco FC and LOSC Lille at Louis II Stadium on Aug. 30, 2014 in Monaco,
    Kaz Photography/Getty Images Yannick Ferreira Carrasco of Monaco shoots at goal during the French Ligue 1 match between AS Monaco FC and LOSC Lille at Louis II Stadium on Aug. 30, 2014 in Monaco,

    Dmitry Rybolovlev lives in Monaco, where he has owned a majority stake in the local soccer team since 2011 and helped the red and white bounce back from a lengthy slump to be one of Europe’s strongest competitors — and biggest spenders. Could a record-setting divorce settlement representing half his fortune (though he’s still contesting the court’s ruling) and the effects of the dropping ruble push Rybolovlev to change that approach?

  • Star Island estate

    Single family homes on Star Island and the Venetian Islands are seen June 3, 2014 in Miami.
    Joe Raedle—Getty Images Single family homes on Star Island and the Venetian Islands are seen June 3, 2014 in Miami.

    Russian Vodka tycoon Roustam Tariko spent $25.5 million for an estate on Miami Beach’s Star Island in 2011, the largest Miami Beach sale in more than half a decade.

  • Chelsea F.C.

    Diego Costa of Chelsea celebrates with team-mates after scoring his team's second goal during the Barclays Premier League match between Chelsea and Newcastle United at Stamford Bridge on Jan. 10, 2015 in London.
    Richard Heathcote—Getty Images Diego Costa of Chelsea celebrates with team-mates after scoring his team's second goal during the Barclays Premier League match between Chelsea and Newcastle United at Stamford Bridge on Jan. 10, 2015 in London.

    Roman Abramovich shattered the record price paid for British soccer teams in 2003 when he paid $233 million for Chelsea FC. The steel tycoon, today Russia’s fourth wealthiest man, poured money into the team — until it made a profit last year — and helped it become one of the best in Europe. The team has won three Premier League titles as well as Europe’s Champions League under Abramovich’s ownership. While Abramovich’s fortune has shrunk by nearly two percent in the past year according to Bloomberg, representing a loss of more than 200 million dollars, he has given no indication of wanting to sell the team.

  • One Hyde Park

    One Hyde Park is seen London on May 2, 2014.
    Paul Hackett—Reuters One Hyde Park is seen London on May 2, 2014.

    Foreigners, including suspected Russian oligarchs, swooped in to buy up apartments in One Hyde Park, London’s most exclusive — and most expensive — residential tower. Some of the owners’ identities have been confirmed, like Ukrainian billionaire Rinat Akhmetov, who spent $220 million on an apartment. That was a record high spent in the U.K., until it was surpassed by another One Hyde Park buyer. But in the wake of the rubles plummet, Russian buyers in London’s luxury market have all but vanished, brokers told Bloomberg News last month.


Invest Like Warren Buffett—Or at Least Like He Did Two Months Ago

A new ETF seeks to mimic the best ideas of billionaires like Warren Buffett and Carl Icahn based on their public holdings. Trouble is, the fund can't copy them in real time.

Mom-and-pop investors hoping to emulate the investment savvy of Wall Street’s wealthiest like Warren Buffett and Carl Icahn will have a new option on Friday when the latest low-cost exchange-traded fund tracking the stock picks of big-name investors begins trading.

The Direxion iBillionaire ETF, set to trade under the ticker “IBLN,” is the latest in a handful of similar ETFs that have come to market in recent years, all packaging the holdings disclosed quarterly by top investment managers into instruments that are more accessible to Main Street investors.

“It democratizes a lot of the information that very wealthy institutional investors have had for a long time,” said Brian Jacobs, president of Direxion Investments, the ETF provider that has partnered with index creator iBillionaire.

At $65 for every $10,000 invested, fees for the new iBillionaire ETF are far lower than the $200 that would be charged by the typical billionaire-run hedge fund, which would also tack on performance fees.

To be sure, the iBillionaire ETF, like the similar Global X Guru ETF launched in 2012, focuses only on the long portion of these billionaire portfolios and does not include day-to-day active management or any shorting of stocks. Furthermore, the practicalities of pulling investment ideas from the quarterly reports filed by these large investors means that the investment ideas often lag by at least 45 days.

The new ETF is based on an index created in November by startup firm iBillionaire. The fund and its underlying index include the 30 top U.S. companies in which a pool of selected billionaire investors have invested the most assets, based on the so-called 13F disclosures the investors must file quarterly with the U.S. Securities and Exchange commission. Top holdings in the index right now include Apple, Micron Technology and Priceline, with about a third of its portfolio in technology stocks.

“Billionaires are more bullish on technology” right now, said Raul Moreno, chief executive officer and co-founder of iBillionaire. “You can see that by their allocation and their strategies.”

The ETF is similar to the GURU ETF and AlphaClone Alternative Alpha ETF, which both launched in 2012. While they had both beat the benchmark S&P 500 index with stellar performances in 2013, they have been more lackluster this year, with GURU up 0.6 percent and ALFA up 0.3%, compared to the S&P 500, up 4.5% through Thursday’s close.

So far, these funds have a niche following – The GURU ETF has amassed about $499 million in assets, while the ALFA ETF has amassed $79 million in assets. So the billionaires being copied need not worry about losing clients to them, said Ben Johnson, an analyst with research firm Morningstar.

For a related story, see:

Inside Warren Buffett’s Brain

TIME Billionaires

The World’s Youngest Billionaire is Just 24 and She’s From Hong Kong

PHILIPPE LOPEZ—AFP/Getty Images The fabled Hong Kong skyline. The city is home to 45 billionaires, including the world's youngest

Perenna Kei is described as "secretive," which is probably a very sensible thing for a young person in her position

There’s a new kid in town on Forbes magazine’s annual ranking of the world’s billionaires.

24-year-old Perenna Kei Hoi-ting is now the the youngest billionaire in the world, displacing Facebook co-founder Dustin Moskovitz.

The wealthy Hongkonger who is also known by the name Ji Peili studied finance in London, has an estimated net worth of $1.3 billion and holds 85 per cent of Logan Property, of which her father Ji Haipeng is the chairman and chief executive, but little else is known about her.

She is one of 42 new female billionaires on the list and one of 45 billionaires from Hong Kong. Microsoft founder Bill Gates is back at the top of the list and is estimated to be worth $76 billion.

[South China Morning Post]

TIME Wealth

Record Number of Women on Forbes’ Billionaires List

Sheryl Sandberg 'Lean In' Japanese Edition - Press Conference
Jun Sato—WireImage

A record 172 women are worth ten figures, up 25% from last year

Forbes’ annual list of billionaires includes a record 172 women this year, up 25% from last year’s 138 female billionaires.

Facebook chief operating officer Sheryl Sandberg made the list for the first time, and of the 268 newcomers to the list, 42 are women, the highest share of new female billionaires ever.

Other newly minted female billionaires include Folorunsho Alakija, a self-made Nigerian billionaire who made her $2.5 billion in the oil industry, and Denise Coates, who made her $1.6 billion from her online gambling company, Bet365.com. Two of Estee Lauder’s granddaughters also make the list this year, Aerin Lauder Zinterhofer and Jane Lauder, who each oversee other companies now. Zinterhofer runs her own lifestyle empire, Aerin, and Lauder will take the helm at Clinique in April.

Other veteran billionaires like Oprah Winfrey, Hewlett Packard CEO Meg Whitman and Spanx creator Sara Blakely returned to the list this year. The richest woman in the world is Christy Walton, heir to the Wal-Mart empire founded by her father-in-law. She’s the only woman in Forbes’s top 10.

The list numbers a total of 1,645 billionaires worth a combined total of $6.4 trillion, up from $5.4 trillion last year, which means another trillion dollars are in the hands of the planet’s richest people. Women make up a little under 10% of the total billionaire population.


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