10:01 | 05/04/2022 Print
|The Richest People in the World in 2022|
The 10 richest people in the world control $1.3 trillion in wealth
This scale of wealth is equal to approximately 1.4% of the world economy, Amazon’s entire market cap, or spending $1 million a day for 3,000 years. In fact, it’s double the amount seen just two years ago ($663 billion).
Who is the Richest People in the World?
Elon Musk, with a fortune of $212 billion, is the richest person on the planet. Tesla delivered nearly one million vehicles globally in 2021. Despite facing a computer chip shortage, Tesla deliveries rose 87% year-over-year. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. It spans 119 meters tall.
With a net worth of $168 billion, Jeff Bezos falls in second place. Bezos is the only billionaire in the top 10 to see a decline in wealth (-$9 billion) over the year. Since last March, Amazon shares have risen just 3% in light of weaker earnings and lagging retail performance.
Most notably, Mark Zuckerberg, CEO of Meta (formerly Facebook) fell off the top 10 for the first time since 2016. Meta shares plunged after reporting the first-ever drop in global daily active users since 2004.
|Rank||Name||Source||Net Worth (Mar 2022)||Net Worth (Mar 2021)||Change 2021-22|
|1||Elon Musk||Tesla, SpaceX||$212B||$151B||$61B|
Bernard Arnault & family
|5||Warren Buffett|| |
|Growth Rates of the Top 10 Richest People|
Among the 10 richest people in the world, here’s who saw their wealth rise the fastest.
Musk saw his fortune rise more than any other in this top 10 list. In 2021, Tesla became a trillion-dollar company for the first time, and Musk’s wealth jumped by 29% over the past year.
With a net worth of roughly $271 billion, Elon Musk is the richest person in the world, followed by Jeff Bezos(No. 2, $188 billion), Bernard Arnault(No. 3, $149 billion); and Bill Gates(No. 4, $134 billion).
Warren Buffett is the fifth-richest person in the world, with $128 billion. Larry Page ranked 6th with a personal wealth of $124 billion, followed by Sergey Brin with $119 billion. Steve Ballmer is placed 8th with a net worth of $108 billion. Larry Ellison($106 billion) occupied the 9th position on the top 10 richest people in the world list, followed by Mukesh Ambani(No. 10, $98.2 billion).
At least 10 people worldwide have seen their wealth climb into the billions thanks to the stratospheric rise of cryptocurrencies.
Sam Bankman-Fried, founder of the FTX crypto derivatives exchange, is at the top, with a jaw-dropping $24 billion net worth. Bankman-Fried launched the exchange in 2019 when he was 27.
FTX now has one million users and a $32 billion valuation.
Following Bankman-Fried is Brian Armstrong, the co-founder of cryptocurrency exchange Coinbase. It is the second-largest cryptocurrency exchange globally after Binance.
Also on the list are co-founders of Gemini cryptocurrency exchange Cameron and Tyler Winklevoss, each with a net worth of $4 billion. Like their rival, Mark Zuckerberg, they have their sights on building a metaverse.
|Rank||Name||Net Worth||Age (as of Mar 14)|
The richest man of the world in February 2022, the technology entrepreneur is the chief executive officer (CEO) and cofounder of Tesla. The total value of his 17% stake in this firm is around $153 billion. His net worth stands at a whopping $223 billion consisting of investments in space exploration technologies, private assets of $40.3 billion and $3.9 billion in cash. Tesla shares soared by about 340% in 2020 propelling Musk’s wealth to top rankings. In December 2020, Tesla figured into the list of S&P 500 and became the largest company in this category.
The founder and executive chair of Amazon Jeff Bezos tops the richest persons list in second place with his $178 billion net worth. He has a 10% stake in Amazon valued at $153 billion. His other assets include $9.15 billion private company stake in Blue Origin, The $250 million private asset in The Washington Post, and $15.6 billion in cash. Amidst the Covid-19 pandemic, the demand for online shopping soared leading to a 76% jump in Amazon’s share price.
Bernard Arnault’s net worth stands at an impressive $155 billion putting him third in the list of top richest persons in the world in 2022. He has 97.5% stake in Christian Dior ownership valued at $126 billion. His other assets are a $24.4 billion public asset in Moelis& Company equity, an undisclosed stake in Hermes equity, and $10.9 billion in cash. He is the chair and CEO of LVMH, the largest company in the luxury goods sector.
Bill Gates occupies the fourth place in the richest person’s list with his $127 billion net worth in 2022. His 1.3% ownership in Microsoft is valued at $30.8 billion. He also has $55.9 billion in public and private assets in Cascade Investment LLC, and $55.3 billion in cash. Cascade’s privately held investment is distributed across Deere, Republic Services, Canadian National Railway and a portfolio of private investments in energy and real estate.
The fifth place in the richest person’s list in 2022 is secured by Larry Page, The Board-member and co-founder of Alphabet. His net worth is estimated at $120 billion and his 6% stake in Alphabet is worth $105.7 billion. His other assets include $14.6 billion in cash. In 2021, Google’s shares soared by around 50% pushing Page’s name to the billionaire list. Larry was also among the early investors in the space exploration and asteroid-mining company Planetary Resources.
The most famous living value investor, Warren Buffett filed his first tax return in 1944 at age 14, declaring earnings from his boyhood paper route.51 He first bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. He expanded the company to insurance and other investments in 1967. Now Berkshire Hathaway is a $705 billion-dollar market cap company, with a single share of stock (Class A shares) trading at more than $527,760 as of April 1, 2022.5253
Widely known as the "Oracle of Omaha," Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies.52 More recently, Berkshire Hathaway has invested in large, well-known companies.54 Its portfolio of wholly owned subsidiaries includes interests in insurance, energy distribution, and railroads as well as consumer products.55 Buffett is a noted Bitcoin skeptic
Seventh in the list of richest persons in 2022 is Sergey Brin with his $115 billion net worth. The California based technology entrepreneur is the Board member and co-founder of Alphabet. The value of his 6% stake in Alphabet is worth $100.5 billion. He too has an asset of $14.7 billion in cash. Born in Russia, Sergey Brin moved to the U.S as a 6 year old boy with his family, co-founding Google with Larry Page in 1998.
The owner of Los Angeles Clippers Steve Ballmer has a net worth of $107 billion putting him in the eighth position among the world’s top richest persons. His 4% ownership stake in Microsoft is valued at $99.6 billion. His other assets are $2.63 billion private assets in the Los Angeles Clippers and $5.05 billion in cash. Steve Ballmer joined Microsoft in 1980 and became its CEO in 2000 succeeding Bill Gates. Ballmer facilitated Microsoft’s purchase of Skype in 2011 for $8.5 billion. Ballmer acquired the basketball team Los Angeles Clippers in a $2 billion deal.
The ninth in the list of world’s richest persons in 2022 is Larry Ellison, the CT|O, Chair and Co-founder of Oracle. He has a net worth of $94.6 billion and his 40% ownership stake in Oracle is valued at $63.3 billion. His other assets are $13.1 billion public asset in Tesla equity and $17.3 billion in cash and real estate investment.
The tenth place in the list of world’s richest persons is claimed by Mukesh Ambani, the most popular Indian entrepreneur with his $88.4 billion net worth. His 45% stake in Reliance Industries is valued at $88.9 billion. He too has $410 million private asset as investment in Mumbai residential property. The Chairman and Managing Director of Reliance Industries which has its presence in telecommunications and retail selling. He is also a member of the board of the World Economic Forum.
Gautam Adani, the founder of Adani Group, surpassed Mukesh Ambani in March 2022 as the richest person in Asia. Adani, via his ownership of Adani Group, owns major stakes in six key Indian companies, including a 75% stake in Adani Enterprises, Adani Power, and Adani Transmissions, as well as a 65% stake in Adani Ports & Special Economic Zone, 61% stake in Adani Green Energy, and 37% stake in Adani Total Gas.90
The combined market cap of companies owned by the Adani Group is $179 billion (as of Apr. 1, 2022). Adani entered the power generation market in 2009 with Adani Power. Adani created Adani Enterprises in 1988 to import and export commodities. In 1994, his company was granted approval to develop a harbor facility at Mundra Port, which is now the largest private port in India.9190
Adani dropped out of college and previously worked in the diamond trade. Now, Adani has the largest port operator, closely-held thermal coal producer, and coal trader in India. In 2020, he purchased a 74% stake in the second-busiest airport in India, Mumbai International Airport. The billionaire was kidnapped and held for ransom in 1997. Adani was also in Mumbai’s Taj hotel during the 2008 terrorist attack.
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