Forbes Worlds Billionaires List 2022: The Top 200
South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. Obviously, as the number of billions increased, so did the group’s net worth. In the period from 2020 to 2021 alone, the group’s net worth rose from $8 trillion to $13.1 trillion, an increase of $5.1 trillion in just one year. 5.1 trillion is what the world’s 1226 billion took in 2012 all together. Tech stocks, in particular, were on a tear in the first half of 2023 on the back of the generative artificial intelligence boom. The rally benefited tech tycoons Elon Musk and Mark Zuckerberg, the biggest winners in the index this year.
The Tesla co-founder, who this year changed his title from CEO to „Technoking of Tesla” in a March regulatory filing, has enjoyed a massive wealth increase thanks to the rapid growth of his electric automaker. Tesla shares are up about 60% this year, and the company hit a $1 trillion market cap for the first time in October. The Dell chairman and CEO is $5 billion poorer this year after a 27% drop in Dell Technologies’ stock price. His family office, however, has grown into a large investment and advisory firm.
Google reorganized in 2015, becoming a subsidiary of Alphabet, a holding company. While attending Harvard University in 1975, Bill Gates went to work alongside his childhood friend Paul Allen to develop new software for the original microcomputers. Following this project’s success, Gates dropped out of Harvard during his junior year and founded Microsoft with Allen.
- The L’Oréal heiress has kept her title of the world’s richest woman for the third year in a row, thanks to a 12% rise in the cosmetics giant’s stock in the last 12 months.
- Below are the 10 wealthiest people on the planet, according to the Bloomberg Billionaires Index.
- These billionaires collectively added $852 billion to their fortunes in the first half of the year — or about $14 million each day during the period — according to Bloomberg’s calculations based on its Billionaires Index.
- And finally we also find Masayoshi Son, founder of the multinational financial holding SoftBank.
- Lately the $47 billion (2022 revenue) private company, founded by their grandfather in 1919 and run since 2001 by non-family CEOs, has been on a buying spree.
Its portfolio of wholly owned subsidiaries includes interests in insurance, energy distribution, and railroads as well as consumer products. Google is the world’s dominant Internet search engine, accounting for more than 92% of global search requests. In 2006, the company purchased YouTube, the top platform for user-submitted videos. From there, Page and Brin went on to found Google in 1998, with Page serving as CEO of the company until 2001, and again between 2011 and 2019.
Canada’s richest person added another $5.2 billion to his fortune in 2022 as his 68% stake in the conglomerate Thomson Reuters jumped 17%. The Toronto based company, which Thomson chairs, has been supplementing its core news and information business with AI investments like SurePrep, an automated tax software company it acquired in January for $500 million. After decades of almost religiously holding onto their family retailer’s shares, the children of Walmart cofounder Sam Walton have been among its biggest sellers, unloading another $1.8 billion of stock over the past 12 months.
Bernard Arnault, head of luxury goods giant LVMH, is up $53 billion–more than any billionaire, and enough to vault him into No. 1 spot for the first time. Zhang Yiming, who founded Tik Tok-parent Bytedance, dropped one place, from No. 25 to No. 26, as his embattled company has taken a haircut from investors. Binance founder Changpeng Zhao, known as CZ, fell from No. 19 last year all the way to No. 167 amid the crypto winter. Musk takes back the top spot from Bernard Arnault and family, who overtook his previous lead in December 2022 when Tesla stock dropped by 6%.
#52 Leonardo Del Vecchio & family
Larry Ellison added $57 billion to his fortune, the largest gain in dollar terms, as shares of his software firm Oracle jumped 69%; he moves up one spot, to No. 3. Mark Zuckerberg (No. 8), who dropped out of the top 10 last year for the first time since 2014, rode the coattails of Meta’s AI and costcutting-induced share price jump back to the top half of the top 20. Google cofounders Larry Page (No. 5) and Sergey Brin (No. 7) saw the shares of the search engine’s parent company Alphabet jump 27% since the company announced its AI tool suite in May. Bill Gates (No. 6) invested in AI chatbot startup Inflection.ai in June alongside Microsoft, which already has a stake in ChatGPT-developer OpenAI.
60 people from the 2012 list fell below a billion dollars of assets in 2013, and eight others from the 2012 list died. The Asia-Pacific region had the most drop-offs, with 29, followed by the United States with 16. The 2013 list featured 138 women, of which 50 came from the United States. The U.S. had the most billionaires in the world, with a record of 565. China had 319 (not including Hong Kong, Taiwan or Macau), Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time.
- In 1973, he joined the electronics company Ampex, where he met future partners Ed Oates and Bob Miner.
- The U.S. had the most billionaires in the world, with a record of 565.
- Three years later, Ellison moved to Precision Instruments, serving as the company’s vice president of research and development.
Investors have pushed shares up more than 200% since last year’s ranking, making Nvidia one of six companies on the planet with $1 trillion in market capitalization, a mark it reached in June. The surge propelled cofounder and CEO Huang’s net worth up $28 billion—or 216%, the list’s biggest https://1investing.in/ gain in percentage terms—making him one of the 20 richest Americans for the first time. Huang, a Taiwan-born Oregon State graduate, took Nvidia public in 1999 and has the company logo tattooed on his left arm. AI helped yield big gains for several other members of the top 20 as well.
Denver Broncos owner Rob, who chaired the $611 billion (sales) company from 1992 until 2015, still sits on its board, alongside son-in-law Greg Penner and nephew Steuart Walton. Alice, the richest woman in America, has mainly focused on building the Crystal Bridges art museum in the family’s hometown of Bentonville, Arkansas. In March, she broke ground on the Alice L. Walton School of Medicine, set to open its doors in Bentonville in 2025. Musk — the CEO of Tesla and SpaceX and recently stepped down as the CEO of Twitter — saw his wealth soar by almost $97 billion through June 30, per Bloomberg. Now worth $237 billion, Musk is the world’s richest person — ahead of Frenchman Bernard Arnault, the CEO, and co-founder of LVMH Moët Hennessy Louis Vuitton. Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder.
#100 Luo Liguo & family
The source defines wealth as a snapshot of a person’s total wealth using stock prices. Elon Musk, Jeff Bezos and LVMH CEO Bernard Arnault have traded the crown several times in the past year. With a record-breaking tour, a blockbuster movie and a shrewd mind for business, the 33-year-old singer is now worth an estimated $1.1 billion. There are 2,668 billionaires around the globe, according to Forbes’ annual World’s Billionaires list, down 87 from the previous year. Indian tycoon Gautam Adani’s fortune tanked by $60.2 billion this year, making him the biggest loser in the Bloomberg Billionaires Index.
CEO Spotlight: Greg Appelt – CEO of Appelt Properties
It was a happy birthday for the investing legend, who rang in his 93rd in late August with shares of Berkshire Hathaway at alltime highs. Buoyed by a big bet on Apple, which now makes up more than half of Berkshire’s equity portfolio, the stock is up 32% since last year’s ranking. In this new article we try to analyse the 10 richest people in the world over the last 21 years, from 2000 to 2021. To do so, we will use various databases including Forbes, the most famous, and World’s Billionaire List data. This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide.
Larry Ellison: $109 billion (+$29 billion)
Google’s 25th anniversary year was a lucrative one for its cofounder and former CEO, who is $21 billion richer this year thanks to a 26% jump in the shares of Google parent company Alphabet. In May, the low-profile Page attracted some unwanted attention, joining fellow cofounder Sergey Brin (No. 7) as the target of subpoenas from the U.S. Virgin Islands over an alleged connection with Jeffrey Epstein, about which they have not commented.
Ballmer’s net worth benefitted from the popularity of tech stocks like Microsoft, which this year grew in value by more than 50%. The CEO of luxury goods conglomerate LVMH, which owns brands such as Louis Vuitton, Christian Dior and Givenchy, added $61 billion to his net worth in 2021. Heading into 2022, the 10 wealthiest individuals in the world are all worth more than $100 billion, according to the Bloomberg Billionaires Index. Ballmer’s L.A. Clippers–the sixth-most valuable NBA team–are flying high.He’s building them a privately funded $2 billion arena, slated for completion in 2024.
Mark Zuckerberg first developed Facebook (now Meta) alongside fellow students Eduardo Saverin, Dustin Moskovitz, and Chris Hughes while attending Harvard University in 2004. As Facebook began to be used at other universities, Zuckerberg dropped out of Harvard to focus entirely on his growing business. Today, Zuckerberg is the CEO and chair of Meta, which had 3 billion monthly active users as of Q2 2023. 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.
#46 Reinhold Wuerth & family
In absolute terms, no one in America has gotten richer this year than Ellison, who is $57 billion better off largely thanks to the generative AI craze helping pump up shares of his software firm, Oracle. In June, Ellison—the company’s cofounder, chief technology officer and 40% shareholder— took the opportunity to cash out $640 million (pretax) worth of stock options, the first time he has sold shares in two years. His $1 billion 2022 investment in Musk’s X, however, isn’t faring so well. The social media giant is worth an estimated two-thirds less than when Musk took it over last October.
Amancio Ortega Gaona Net Worth
These 20 people are 30% wealthier than they were a year ago, on average, far outpacing the 12% average jump in wealth across the entire list. They hold 40% of the entire 400’s net worth, and could buy the bottom 340 billionaires—with billions to spare. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. In the top 10 of the richest people we also find Karl Albrecht, thanks to ALDI, a world-renowned company operating in the retail sector.