Celebrating the accomplishments of world’s top 5 richest entrepreneurs

Starting from top left, Warren Buffett, Gautam Adani. Bottom left, Bernard Arnault, Elon Musk, Jeff Bezos | Agencies

It’s 2022, and the number of women in leadership positions in global companies has reached 31 percent, and at the current rate, full gender parity is only 132 years away. Just like women who have achieved success in the corporate world and other strata of male society, men’s achievements and contributions to society are also celebrated. As the world celebrates International Men’s Day on November 19, the world’s most successful entrepreneurs like Elon Musk, Jeff Bezos and Gautam Adani cannot be ignored.

Elon Musk has been in the news for revamping Twitter with his management style, cutting the workforce in half to counter the loss of ad revenue. His counterpart, big tech boss Jeff Bezos’ Amazon has laid off 10,000 people, while the billionaire has generously given away some of his fortune to charity. With men making headway in the corporate world, it’s only fitting that Men’s Day and Women’s Entrepreneurship Day fall on the same date.

Let’s take a look at the achievements of the world’s five richest men on International Men’s Day.

Elon Musk’s empathic leadership style

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After taking over electric car firm Tesla before ousting its original founders, Elon Musk is known for his Twitter behavior, which even led to action against Tesla for misleading tweets about leaving the company private. But since he took over at Twitter weeks ago, Musk has been the most honest boss, making it clear that employees must work 12-hour days, seven days a week to avoid layoffs, and being aware of Twitter’s potential for bankruptcy. The free speech advocate also fired thousands of Twitter employees before firing others for publicly questioning them on Twitter. Thanks to his successful management style, Elon Musk has now caused mass resignations at Twitter with his ultimatum to employees, and has brought the site to the brink of disruption with ideas to turn off microservices by 80 percent.

Bernard Arnault’s contribution to fashion

Louis Vuitton, Givenchy and Dior are the shining stars among the luxury brands created by the creative minds of the iconic fashion designers of their time. But now they’re all owned by the world’s second-richest man, Bernard Arnault, who may have no design background but had the money from his grandfather’s construction business to buy a sick Louis Vuitton. In recent battles, Arno had to sell a private jet to avoid being tracked down by climate activists who called him out on his plane’s emissions. Earlier this year, 18 Louis Vuitton factory workers went on strike for shorter working hours and better pay at Arnault’s firm, which scored 19 out of 100 for preventing labor exploitation.

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Jeff Bezos improves work-life balance

The man behind the leading e-commerce company built his empire from scratch in 1994 with just $250,000 invested by his parents in 1995. He went on to build a trillion-dollar business that has launched mass layoffs, laying off thousands of people, including an Indian woman on maternity leave with her 3-week-old baby. While 21 of Bezos’ employees wrote a letter about sexism and a toxic work culture at his space company Blue Origin, the billionaire remembered to thank his employees who paid for him to fly into space.

Taking off from scratch by Gautam Adani

Gautam Adani is the only Indian among the top five richest men and has built an empire that spans sectors including power generation, clean energy and mining. Despite a series of drug seizures plaguing Adani’s Mundra port, the company has continued to expand beyond India’s borders, continuing to invest in the Myanmar port, which is controlled by the country’s military. Adani, which wants to become a major supplier of clean energy and green hydrogen, has also faced obstacles at its coal mines in Australia from climate activists.

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Pearls of wisdom from Warren Buffett

The Oracle of Omaha is known for his ability to identify profitable investments, as well as his opinion on women. In an interview with CNBC in 2017, the media mogul said that if a woman says no, she means maybe, and if she says maybe, it means yes, and she’s not a lady if she says yes. It was a unique take on women in a time of no-say-no’s to raise awareness about consent. This year, Buffett’s mortgage firm is also facing allegations of discrimination against blacks and Latinos trying to buy homes in Philadelphia.

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