Forbes magazine released its annual list of world billionaires yesterday, and there were a number of new entrants. Rihanna is a singer, businesswoman, and soon-to-be mother. The singer debuted at number 1,729 with an estimated net worth of US$1.7 billion, owing primarily to her beauty brand, Fenty Beauty. Having said that, according to Forbes, who are the world’s richest individuals in 2022? Let us investigate.
Forbes has revealed the 36th annual list of the world’s wealthiest individuals, which includes 2,668 persons — 87 less than in 2021. These billionaires have a collective net worth of $12.7 trillion, which is $400 billion less than in 2021. This is hardly surprising given that the impacts of war, falling markets, and the epidemic have all taken their toll. As a result of tough sanctions against Russia and government actions in China, more millionaires have dropped off the list. Despite these losses, the world’s richest individuals in 2022 added 236 entrants from the previous year, and 1,000 billionaires are now richer than they were the previous year.
According to the 2017 Forbes rankings, the United States of America remains the world’s wealthiest country, with 735 billionaires worth a total of $4.7 trillion, including Elon Musk, who tops the World’s Billionaires list for the first time. China (includes Macau and Hong Kong) comes in second with 607 billionaires earning a total of $2.3 trillion.
According To Forbes, The Top 15 Richest Persons In The World In 2022 Are As Follows
1: Elon Musk
Photo: News Central
Net worth: $219 B
Profile: Elon Musk is trying to transform transportation on Earth, through electric vehicle manufacturer Tesla, and in space, through rocket manufacturer SpaceX. Musk controls 21% of Tesla, while a regulatory filing in April 2022 showed that Musk had bought 9.2% of Twitter. The next day, he was invited to join the company’s board of directors. Musk’s rocket firm, SpaceX, is valued at $74 billion following a fundraising round in February 2021. Musk grew raised in South Africa before moving to Canada at the age of 17. He arrived in the United States as a transfer student at the University of Pennsylvania.
2: Jeff Bezos
Net worth: $171 B
Profile: Jeff Bezos launched the e-commerce behemoth Amazon from his Seattle garage. In July 2021, he will step down as CEO to become executive chairman. Bezos sold $8.8 billion of Amazon stock in 2021 and gave some shares away; he currently controls little less than 10% of the corporation. He also owns The Washington Post and Blue Origin, an aerospace business that develops rockets; in July 2021, he briefly traveled into space in one of them.
3: Bernard Arnault & family
Photo: The Success Bug
Net worth: $158 B
Industry: Fashion & Retail
Profile: Bernard Arnault supervises the LVMH empire, which includes 70 fashion and cosmetics businesses such as Louis Vuitton and Sephora. In January 2021, LVMH paid $15.8 billion for American jeweler Tiffany & Co, thought to be the largest luxury brand purchase ever. In 2019, LVMH invested $3.2 billion acquiring premium hospitality company Belmond, which owns or manages 46 hotels, trains, and river cruises. Frédéric, Delphine, Antoine, and Alexandre Arnault, four of Arnault’s five children, are currently employed in various parts of the LVMH empire.
4: Bill Gates
Net worth: $129 B
Profile: Bill Gates converted his riches from Microsoft into a diverse fortune that included investments in zero-carbon energy In May 2021, he and his then-wife Melinda announced on Twitter that they were breaking their 27-year marriage. They continue to serve as co-chairs of the nonprofit Gates Foundation. Gates, who co-founded Microsoft with Paul Allen (d. 2018) in 1975, has handed at least $5.7 billion in stock to Melinda. When Gates stepped away from the Microsoft board in March 2020, he controlled around 1% of the software and computing company’s stock.
5: Warren Buffet
Photo: World Today
Net worth: $118 B
Industry: Finance & Investments
Profile: Warren Buffett, sometimes known as the “Oracle of Omaha,” is one of the most successful investors of all time. Buffett is the CEO of Berkshire Hathaway, which controls over 60 businesses, including insurer Geico, battery manufacturer Duracell, and food chain Dairy Queen. He purchased his first stock at the age of 11 and filed his first tax return at the age of 13. The investor has pledged to contribute more than 99 percent of his fortune. So date, he has donated more than $45 billion, the most of which has gone to the Gates Foundation and his children’s charities.
6: Larry Page
Net worth: $111 B
Profile: Larry Page In 1998, he co-founded Google with fellow Stanford Ph.D. student Sergey Brin. Page and Brin co-created Google’s PageRank algorithm, which runs the search engine. Page served as CEO until 2001, when Eric Schmidt took over, and then from 2011 until 2015, when he became CEO of Alphabet, Google’s new parent company. He stepped down as CEO of Alphabet, Google’s parent company, in December 2019, but he remains a board member and major shareholder.
7: Sergey Brin
Photo: Mentor Drive
Net worth: $107 B
Profile: Sergey Brin and Larry Page co-founded Google in 1998 after meeting at Stanford University while studying for graduate degrees in computer science. Google became public in 2004 and began trading in 2015 as Alphabet, a newly formed parent company. Brin was largely absent from public Alphabet events in 2019 since he was working on Alphabet’s moonshot research lab X. According to reports, he is supporting a high-tech airship project.
8: Larry Ellison
Photo: Time Magazine
Net worth: $106 B
Profile: Larry Ellison is the chairman, chief technology officer, and co-founder of software behemoth Oracle, in which he controls over 35%. After 37 years as CEO of Oracle, he stepped down in 2014. Oracle has developed in part via regular purchases of software startups, the most recent of which being NetSuite for $9.3 billion in 2016. In 2020, Ellison will relocate permanently to the Hawaiian island of Lanai, which he purchased nearly entirely in 2012 for $300 million. After acquiring 3 million Tesla shares earlier that year, Ellison joined Tesla’s board of directors in December 2018.
9: Steve Ballmer
Photo: Ballmer Group
Net worth: $91.4 B
Profile: Steve Ballmer is Microsoft’s high-wattage former CEO, who managed the business from 2000 until 2014. After dropping out of Stanford’s MBA program, he joined Microsoft as employee No. 30 in 1980. Ballmer directed Microsoft’s efforts to catch up to Google in search capabilities and Apple in mobile phones following the first dot-com disaster. He purchased the Los Angeles Clippers of the National Basketball Association for $2 billion the same year he resigned from Microsoft. In 2018, he put $59 million into Social Solutions, a company that creates software for organizations and government agencies.
10: Mukesh Ambani
Net worth: $90.7 B
Profile: Mukesh Ambani runs Reliance Industries, worth $74 billion in sales, is chaired and operated by him. The company has holdings in petrochemicals, oil and gas, telecommunications, and retail. Reliance was formed in 1966 as a modest textile firm by his late father Dhirubhai Ambani, a yarn merchant. Following his father’s death in 2002, Ambani and his younger brother Anil divided the family fortune. Ambani is repositioning Reliance in the green energy sector. Over the next 10-15 years, the firm plans to invest $80 billion in renewable energy and construct a new facility close to its refinery.
11: Gautam Adani & family
Photo: Business Gujaraj News
Net worth: $90 B
Profile: Gautam Adani, the infrastructure mogul, owns India’s largest port, Mundra Port, in his native state of Gujarat. His $13 billion-in-revenue Adani Group’s holdings include infrastructure, commodities, electricity production and transmission, and real estate. Adani also owns Abbot Point, a contentious coal mining project in Australia, whose Carmichael coal mine is touted as one of the largest in the world. Adani required nine years to get the necessary licenses. In September 2020, Adani purchased a 74% share in Mumbai International Airport, India’s second busiest. He is presently the largest airport operator in the country. The billionaire aspires to be the world’s greatest producer of green energy and has stated that he plans to invest up to $70 billion in renewable energy projects.
12: Michael Bloomberg
Photo: Town And Country Magazine
Net worth: $82 B
Industry: Media & Entertainment
Profile: Michael Bloomberg cofounded Bloomberg LP, a financial information and media firm, was formed in 1981. He provided the company with early investment and currently controls 88 percent of the corporation, which has revenues in excess of $10 billion. Bloomberg began his career on Wall Street in 1966 as an entry-level employee at the financial firm Salomon Brothers. He was let go 15 years later. He has been the mayor of New York City for 12 years and is one of just four people who have done so.
13: Carlos Slim Helu
Photo: Business Insider
Net worth: $81.2 B
Profile: Carlos Slim Helu, Mexico’s richest man, and his family own América Móvil, Latin America’s largest mobile telecom corporation. Slim acquired a share in Telmex, Mexico’s sole phone provider, in 1990 with the help of foreign telecom partners. América Móvil has acquired Telmex. He also has a holding in Mexican construction, consumer goods, mining, and real estate firms, as well as a 17.5% investment in The New York Times. Slim and his family own 79 percent of Grupo Carso, one of Latin America’s largest companies, which accounts for more than 8% of his income.
14: Francoise Bettencourt Meyers
Photo: Vanity Fair
Net worth: $74.8 B
Industry: Fashion & Retail
Profile: Francoise Bettencourt Meyers, the granddaughter of L’Oreal’s founder, is the world’s richest woman. Bettencourt Meyers and her family own around 33% of L’Oreal shares. She has been on the board of L’Oreal since 1997 and is the chairperson of the family holding business. When her mother Liliane Bettencourt, the world’s richest woman at the time, died at the age of 94, she became France’s reigning L’Oreal heiress.
15: Mark Zuckerberg
Net worth: $67.3 B
Profile: At the age of 19, Zuckerberg founded Facebook at Harvard in 2004 to allow students to match names with images of friends. He went public with Facebook in May 2012, and he currently controls around 12% of the company’s shares. Zuckerberg and his wife, Priscilla Chan, vowed in December 2015 to give away 99 percent of their Facebook ownership throughout their lifetimes. In October 2021, Facebook, the firm, renamed as Meta.
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