List of Richest Billionaires in Finance and Investments Industry. Among the things money can buy, there is a distinction between a good (something tangible that lasts, whether for a long or short time) and a service (a task that someone performs for you). A financial service is not the financial good itself—say a mortgage loan to buy a house or a car insurance policy—but something that is best described as the process of acquiring the financial good. In other words, it involves the transaction required to obtain the financial good. The financial sector covers many different types of transactions in such areas as real estate, consumer finance, banking, and insurance. It also covers a broad spectrum of investment funding, including securities.
These are some of the foremost among the myriad financial services.
Insurance and related services
• Direct insurerspool payments (premiums) from those seeking to cover risk and make payments to those who experience a covered personal or business-related event, such as an automobile accident or the sinking of a ship.
• Reinsurers, which can be companies or wealthy individuals, agree, for a price, to cover some of the risks assumed by a direct insurer.
• Insurance intermediaries, such as agencies and brokers, match up those seeking to pay to cover risk with those willing to assume it for a price.
Banks and other financial service providers
• Accept deposits and repayable funds and make loans:Providers pay those who give them money, which they in turn lend or invest with the goal of making a profit on the difference between what they pay depositors and the amount they receive from borrowers.
• Administer payment systems:Providers make it possible to transfer funds from payers to recipients and facilitate transactions and settlement of accounts through credit and debit cards, bank drafts such as checks, and electronic funds transfer.
• Trade:Providers help companiesbuy and sell securities, foreign exchange, and derivatives.
• Issue securities:Providers help borrowers raise funds by selling shares in businesses or issuing bonds.
• Manage assets:Providers offer advice or invest funds on behalf of clients, who pay for their expertise.
This is a List of Richest Billionaires in Finance and Investments Industry
- Warren Buffett: $120.5 billion
- Ken Griffin: $33.7 billion
- Stephen Schwarzman: $32.5 billion
- Jeff Yass: $28.9 billion
- Jim Simons: $28.1 billion
- Thomas Peterffy: $27.9 billion
- Budi Hartono: $25.8 billion
- Masayoshi Son: $24.3 billion
- Abigail Johnson: $22.2 billion
- Daniel Gilbert: $22.0 billion
- Ray DalioL: $19.1 billion
- David Tepper: $18.5 billion
- Vicky Safra & family: $17.8 billion
- Steve Cohen: $17.5 billion
- Renata Kellnerova & family: $16.6 billion
- Michael Platt: $16.0 billion
- Uday Kotak: $13.2 billion
- Alexander Gerko: $11.4 billion
- Mikhail Prokhorov: $11.3 billion
- Israel Englander: $11.3 billion
