list of world’s richest people in 2022
list of world’s richest people in 2022: As per Forbes, over 1,000 billionaires are richer than a year ago, with 236 newcomers on the 2022 rich list.
Forbes has released its annual ‘World’s Billionaire List’ for 2022. Earth has 2,668 billionaires in 2022, the figure has gone down by 87 since last year. The wealth of the world’s billionaires has also dropped by $400 billion to a collective net worth of $12.7 trillion.
The 10 Richest People in the World
As per Forbes, over 1,000 billionaires are richer than a year ago, with 236 newcomers on the richest list. The net worth was calculated using stock prices and exchange rates from March 11, 2022.
Among the top ten Indian billionaires, the three at the top remained put from the 2021 rankings. The richest Indian Mukesh Ambani is also the tenth richest person in the world with a net worth of $90.7 billion, followed by Gautam Adani at a close second with $90 billion. HCL founder Shiv Nadar remains third with a net worth of $28.7 billion.
Vaccine maker Serum Institute of India MD Cyrus Poonawalla with $24.3 billion and D-Mart’s Radhakrishna Damani with $20 billion wrap up the top 5. They are followed by Lakshmi Mittal, Savitri Jindal & Family, Kumar Birla, Dilip Sanghvi, and Uday Kotak.
In the Forbes 2022 Rich List, the list of Indian billionaires has grown by 26 from 140 to 166. This is a record number of Indian billionaires.
Meet the world’s 10 richest in 2022 What they are worth and where do they live
Meet the world’s 10 richest in 2022: What they are worth and where do they live
NEW DELHI: The Hurun Global Rich List 2022, released on March 16, ranked 3,381 billionaires from 2,557 companies and 69 countries. While Elon Musk retained the top spot, Mukesh Ambani is the only Indian to secure a place in the top 10.
Here are the top ten billionaires globally:
1. Elon Musk, 50, is the world’s richest person for the second consecutive year with $205 billion, up to $8 billion from last year. Musk has not been far from the headlines throughout the year, most recently over Ukraine, committing to keep Space X’s Starlink satellite broadband services active. Tesla, with an $831 billion value is now bigger than the combined market capitalization of the next 10 car makers in the world and has started work on its Berlin gigafactory. SpaceX has grown to become the largest unicorn in the US with a valuation of $100 billion, according to the Hurun Global Unicorn Index 2021.
2. Jeff Bezos, 58, is second with $188 billion. In a year when Bezos stepped down as CEO and flew into space, Amazon continued its expansion into entertainment with the $8.5 billion acquisition of James Bond maker MGM Studios and Amazon Web Services grew to make up 15% of Amazon’s revenue. Bezos’ other main business Blue Origin did its first tourist flight into space in July and acquired a Colorado-based space robotic systems business.
3.‘Luxury King’ Bernard Arnault, 73, of LVMH added $39 billion to retain third place with $153 billion. The bulk of the business, Fashion & Leather Goods, jumped 78% last year, backed by a sharp recovery in the US and Asia. Arnault has grown LVMH by 46% to consolidate it as Europe’s most valuable company worth $333 billion.
4. Despite his divorce, Bill Gates, 66, still managed to grow his wealth by $14 billion to keep him in fourth place with $124 billion. Ex-wife Melinda French Gates made it to the Hurun Global Rich List for the first time in her own right with $11 billion. Gates’ wealth is mostly from his investment company Cascade. Apple, Microsoft, Applied Materials, Intel, and Nutrien represent 10% of Cascade’s portfolio at the end of 2021, up 25%.
5. Warren Buffett, 91, of Berkshire Hathaway, added $28 billion to grow his wealth to $119 billion. Berkshire Hathaway’s most substantial investments are in Apple and Bank of America, totaling over $90 billion, and in the past year bought Dominion Energy Natural Gas in a $10 billion deal.
6 & 7. Sergey Brin, 48, and Larry Page, 48, of Alphabet shared sixth place, with each of their wealth up to $39 billion to $116 billion. Alphabet broke through the $2 trillion mark, adding a staggering $1 trillion since the pandemic began, on the back of growth from digital ads and its cloud business.
8. Steve Ballmer, 65, increased his net worth by $27 billion to break him into the ‘10-zero club’ for the first time on the back of his 4% stake in Microsoft. Microsoft has grown to become a $2.2 trillion business, briefly overtaking Apple for the title of the world’s most valuable company. Microsoft has been expanding its gaming business in the build-up to the metaverse, with a world-beating $69 billion acquisition of gaming giant Activision Blizzard. This month Ballmer announced a $425 million donation to the University of Oregon.
9. Mukesh Ambani, 64, of Reliance Industries was up $20 billion to $103 billion, retaining his title of the richest person in India and Asia.
10. Bertrand Puech & family, 86, of Hermes, kept his top 10 slots, with his wealth up 28% to $102 billion. Although Hermes enjoyed record sales growth of 42%, profitability took a hit because of the higher costs of artisans and supply not being able to meet demand. In line with other luxury brands, Hermes increased the price of its products by 3.5% against the usual average of 1.5%.
Forbes’ 36th Annual World’s Billionaires List: Facts And Figures 2022
The two new faces in the top 10 are Sergey Brin and Larry Page of Alphabet at the expense of Mark Zuckerburg and China-based bottled water tycoon Zhong Shanshan.
The top 10 added $235 billion over the year and are now worth $1.3 trillion or 9% of the total list.
Seven are from the USA, 2 from France and 1 from India.
The cut-off to make the Top 10 in the world has doubled every five years, from $26 billion ten years ago to $42 billion five years ago and $102 billion this year.
list of world’s richest people in 2022: Where they live
China continued to pull away from the USA in terms of billionaires, adding 75 to 1,133. The USA was second with 716 billionaires, up 20. Between the ‘Big Two’, China and the USA have 55% of the ‘known’ billionaires on the planet.
India added 38 to solidify its third place, whilst the UK overtook Germany for fourth. Russia dropped down one place to 8th with 72 billionaires, down 13, on the back of the collapse of the rouble and sanctions since the Russia-Ukraine war. A further 20 Russia-born billionaires live across the world, with 7 in the UK and 5 in Switzerland. All are self-made.
With Shenzhen overtaking New York for third place, it means that the top 3 cities in the world for billionaires are all from one country: China with Beijing, Shanghai, and Shenzhen. By speed of growth, London was the fastest growing city for billionaires in the world, adding 19 in the year, followed by Mumbai with 12 and New Delhi with 11.