The young billionaires of the world are subject to a lot of media and public attention. They’re often behind a big, exciting idea, and it’s a huge accomplishment to have struck it rich at such a young age. Billionaires like Mark Zuckerberg of Facebook, and....
Larry Page and Sergey Brin of Google, constantly make global headlines thanks to the sky high returns their companies’ innovations bring in. Of course, eventually, the young rich will – if they’re careful – make it to old age with their billions in hand. Today, there are 17 billionaires over the age of 90, and many more over the age of 80.
In a time where it seems most new billionaires find their fortunes in the technology and software industries, it’s interesting to see how the current oldest billionaires accumulated their wealth. Unlike the meteoric ascent enjoyed by many of today’s high-flyers, the oldest billionaires have accumulated their wealth over a longer period of time, primarily from working in traditional industries such as agriculture, oil, and banking. With the exception of a few who were lucky enough to to inherit their fortunes, most of them started off pulling themselves up the ladder in their younger years. Those who inherited fortunes have by and large strived to maintain the founders’ legacies.
As the oldest billionaires near the end of their lives, they are faced with the difficult decision of what to do with the money they have accumulated. Most of them are set to bequeath their fortunes to capable family members, donate to charity, and fund the various foundations they have started. Ranging from 92 to 98 years of age, here are the 10 oldest billionaires in the world.
10. Alberto Benavides (Age: 92 – $2 billion)

A self made man, Peru’s Alberto Benavides is the 10th oldest billionaire in the world, having come into his wealth primarily through his stakes in the mining industry. He owns a 27% stake in Compania de Minas Buenaventura, a company he founded in 1953. Alberto’s net worth as of March 2013 is $2 billion. He has retired from his company, though one of his two sons holds the position of company CEO, and the other sits on the board of directors. His wealth is likely to be willed to his five children.

9. Marcel Adams (Age: 92 – $1.1 billion)

Romanian born Marcel Adams, now a Canadian citizen, is also a self-made billionaire. His net worth as of March is $1.1 billion. Adams immigrated to Canada after the Second World War and started working in the leather industry in Quebec, also investing in the local real estate industry. He is currently one of Quebec’s largest landlords. He is the owner and manager of over 100 properties on 8 million square feet, including retail shopping centers and residential, office, and industrial property. Adams’ foundation, the Adams Fellowship Program, is likely to be a benefactor of his will, alongside his four children and his grandchildren.


8. William Moncrief, Jr. (Age: 92 – $1 billion)

Unlike most billionaires on the list of the oldest rich people, William Moncrief Jr.’s journey to wealth was facilitated by his father, who discovered a 6-billion barrel oilfield in East Texas. He joined the business after school, his biggest break coming in January 2010 when he discovered “Davy Jones,” an offshore field with 6 trillion cubic feet of gas. Moncrief was born in the United States, and resides in Fort Worth, Texas. His net worth is $1 billion, and he currently serves as the president of Moncrief Offshore LLC. He is a benefactor of University of Texas and Texas Christian University. After his death, a portion of his fortune will most likely continue to support these institutions, with the rest being left to his five children.

7. Karl Albrecht (Age: 92 – $26 billion)

German born Karl Albrecht is the owner of the huge German discount supermarket chain Aldi Sud, which he began with his brother Theo in 1913. With a net worth of $26 billion, Karl Albrecht is one of the richest men in the world, and the richest individual on this list. He generates his wealth from Aldi’s 4,600 stores, which operate in nine different countries. Though Albrecht has retired from the Aldi business and from the advisory board, he is represented by his daughter and grandson on the board. Karl and his brother Theo donated a huge part of their fortune to charity upon their retirement in 1994, and his remaining fortune is likely to go to his two children.

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