top 5 richest people

The combined net worth of all these billionaires is worth a whopping $14.02 trillion, up approximately 64% from 2021. The list is dominated by billionaires based out of the USA followed by China including Hong Kong, and Macao. Larry Ellison still owns more than one-third of Oracle, the software giant he co-founded. He also sits on the board of Tesla, a position he has held since 2018 when he bought 3 million shares of Elon Musk’s company. Michael Dell struck it rich with the direct-order computer company that bears his name, and when Dell merged with EMT in 2016, the $60 billion deal was the largest tech acquisition in history.

He lost another $700 million following the Capital Hill riots and… You might have heard this billionaire’s name, but who is Mark Cuban and how did he make his money? It’s possible you know him as one of the sharks on the hit… Marjorie Taylor Greene, 47, is an American businessperson and politician who currently serves as a member of the U.S. Congress from Georgia’s 14th District and is often referred to by her initials,…

She now runs the holding company as chairwoman, with her family owning 33% of L’Oreal. Ortega was once the 5th richest man in the world; however, he’s recently lost almost $20 billion of it, or 25%, which is one of the most significant losses in 2021 thus far.

The World’s 10 Richest People Added $402 Billion To Their Fortunes In 2021 Here’s Whose Net Worth Grew The Most

Bill sold most of his stake in the company and invested in other assets, retaining only 1% of the shares. Bill Gates entered the $100 billion club in April last year when Microsoft’s stock price surged after earnings. His rocket company, SpaceX, was valued at $74 billion in February 2021. Reliance Industries chairman Mukesh Ambani is the world’s eighth-richest person with a net worth of $103bn, according to the real-time Forbes index. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. Today, Alice Walton’s net worth is estimated to be $67.3 billion, making her the 16th richest person in the world and the 2nd richest woman in the world.

top 5 richest people

This is because the quality of borrowers is much stronger than it was between 2003 and 2007, in the years leading up to the financial crisis and subsequent housing crash. Ultimately, higher home prices translate to more mortgage debt being incurred by families. The following table includes the data used in the above graphic. Housing debt covers mortgages, while non-housing debt covers auto loans, student loans, and credit card balances. Whether or not the war will have lasting effects on wealth distribution is an open question, however, if the pandemic serves as any precedent, the effects will be far from predictable.

Alice Walton

Facebook co-founder Dustin Moskovitz was the youngest person on the list. Aged 26, eight days younger than Zuckerberg, he debuted at number 420 with an estimated fortune of $2.7 billion. IKEA founder Ingvar Kamprad was the largest loser as he saw his fortune plummet from $23 billion to $6 billion, dropping him from 11th to 162nd overall. In total, there are 2,668 billionaires in the world, down from a record of 2,755 in 2021, Forbes said in its annual 2022 World Billionaires List. The list was released last month and used stock prices and exchange rates from March 11 to calculate the net worth of the world’s richest people. According to Forbes, Tadashi Yanai is the richest person in Japan after knocking Masayoshi Son off the top spot. Yania has ranked as the richest person in Japan previously but has not topped the list since 2015.

Forbes lists Hideyuki Bujima as the 10th richest person in Japan. His father, Kunio Busujima, was the founder of Sankyo, the pachinko-machine maker. Although his father died in 2016, Hideyuki Busujima was already the chairman and CEO of this company as he had held these positions since 2008 and has worked for the company since 1977. His father had also transferred his shares in the company over to him in 2014. LVMH – France’s chairman and CEO Bernard Arnault is today the second richest person in the world. He has a net worth of $188.6 billion due to the business of more than 70 brands including Louis Vuitton and Sephora.

How Dr Phil Achieved A Net Worth Of $400 Million

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. A majority of the list were entirely self-made; 184 inherited their wealth, and 281 achieved their fortune through a combination of inheritance and business acumen. Vietnam’s Phạm Nhật Vượng was the first person from that country to be included in this list.

top 5 richest people

Unlike the other members of the top five who have all lost money this year, Buffett’s fortune has grown by $7.8 billion in 2022. In comparison, Musk, the world’s richest man, has lost $62 billion, while Gates has lost a comparatively modest $12.5 billion. According to Forbes, the United States still has the distinction of having the most billionaires worldwide at 735 and a collective net worth of $4.7 trillion. Intraday Data provided by FACTSET and subject to terms of use. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.

Top 5 Richest Americans On Forbes 400 List: Who Are They?

Some argue that war is a great leveler, a force that has reduced wealth inequality, as seen in the aftermath of WWII. Others suggest that it increases wealth divergence, especially when the war is financed by public debt. Often, costs have become inflated due https://www.bookstime.com/ to war, putting pressure on low and middle-income households. At least 10 people worldwide have seen their wealth climb into the billions thanks to the stratospheric rise of cryptocurrencies. Tesla delivered nearly one million vehicles globally in 2021.

Most of the signers of the pledge are billionaires, and their pledges total over $365 billion. This was the first time after 12 years that Carlos Slim was not within the top five. The U.S. had the most billionaires in the world, with a record of 565. China had 319 , Germany had 114, and India had the fourth most with 101; India reached over 100 billionaires for its first time.

The recent jump in the company’s stock price has launched Shanshan onto this list. François Pinault is a French billionaire businessman and founder of both Kering and the investment company Artémis. In the 1960s, Pinault started business in the timber industry, and the company was taken public in 1988. As of 13 May 2022, with a net worth of roughly $215 billion, Elon Musk is the wealthiest person in… As of 14 May 2022, with a net worth of roughly $224 billion, Elon Musk is the wealthiest person in…

top 5 richest people

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. Buffett has long recommended that investors put their money in index funds, which hold every stock in an index, making them automatically diversified. The S&P 500, for example, includes big-name companies like Apple, Coca-Cola and Google. This figure includes individuals who share their net worth with a spouse, according to Forbes. Over the past year his wealth has plummeted from $65.8 billion to $37.2 billion — still a lot of money, but he no longer makes Forbes’ list. The new ranking marks a step down for Bezos, who was No. 1 on the 2021 list.

Free cash used by consumers from home equity extraction, known as the real estate bubble created a total of nearly $5 trillion in 2005, contributing to economic growth worldwide. In the wake of the Financial crisis of 2007–2008, the world’s billionaires lost $2 trillion in net worth and the list became 30% smaller than the previous year’s list. It’s estimated that Gates has donated $35.8 billion worth of Microsoft stock to the Foundation and it is currently the largest private donor to the World Health Organisation. Gates made his fortune through the software company Microsoft, which he co-founded with Paul Allen in 1975. Arnault came from a wealthy family, with his family owning a successful construction business.

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. Visualizations are free to share and post in their original form across the web—even for publishers. Please link back to this page and attribute Visual Capitalist. The net worth of the world’s billionaires increased from less than $1 trillion in 2000 to over $7 trillion in 2015. “He had relationships with people he said would give to global health, which is an interest I have.

Worlds 10 Richest Men See Their Wealth Double During Covid Pandemic

Together with his family, they now control and manage the company. Ma Huateng is a Chinese business magnate, investor, philanthropist, engineer, internet, and technology entrepreneur. He’s also the founder of Tencent, which is the most valuable company in Asia. Interestingly, it has been the loss of wealth by others rather than an increase in his own net worth that catapulted Buffett back into fifth place. Mark Zuckerberg, who had a net worth of more than $120 billion in January, has seen his fortune plummet by $54 billion as Facebook shares have been pummeled this year.

  • Larry Page co-founded Google in 1998 and was CEO until 2001.
  • However, when a living individual has dispersed his or her wealth to immediate family members, it is included under a single listing provided that individual is still living.
  • 81 years old, Spanish business tycoon, and best known for its chain of Zara clothing and accessories.
  • The United States came in second, with 57; followed by India, with 28; and Germany, with 23.
  • A record total of 1,426 people made the 2013 list, representing $5.4 trillion of assets.

He is the chairman of Hashoo Group, and well known of his Marriott Hotel franchise which is been a great achievement for Hashoo Group. Hasho Group has founded the famous hotels like Marriott and Pearl Continental Hotels He is ranked as the 6th richest person in Pakistan. To achieve this ranking, Hiroshi Mikitani has been a very busy man in recent years. Not only is he the chairman and CEO of Rakuten, Japan’s biggest online retailer, but he also owns the U.S.-based rebate website Ebates. In 2014, he bought multiple companies, including the American e-book store OverDrive and a 12 percent stake in Lyft, the car service.

To coincide with the release of the 2012 list, Forbes announced a then-new «Billionaire Real-Time Ticker» updating the wealth of the world’s top 50 billionaires in real time. The United States had 492 billionaires on the list, the most of any country. China had the second most billionaires with 152, while Russia was third with 111. Algeria, Lithuania, Tanzania, and Uganda were all represented on the list for the first time.

The Asian-Pacific region had 386 billionaires and Europe 366. The list also featured a record number of newcomers, 210, representing 42 countries.

Pakistan is not counted in the numbers of very rich countries because its being targeted by Terrorism and has no Continuous development. Though, Pakistan is ranked amongst the poorest countries in the world. However, there are still some rich Personalities present in Pakistan. Here is the list of top 10 Wealthy people of Pakistan in 2014. The founder and chairman of eBay lives in Honolulu, and has a net worth of approximately $8.1 billion. Omidyar is also the co-founder of the Honolulu Civil Beat, a media company focused on investigative journalism. Garrett by trade is a personal finance freelance writer and journalist.

Elon Musk, Jeff Bezos And The 23 Other Richest People In The Us

His side hustle is MSD Capital, which owns a portfolio of restaurants and hotels. The rich don’t always get richer in tumultuous times like these, but some fare better than others. However, Mr Adani is one of the worlds’ biggest wealth-gainers this year, adding more than $40bn to his fortune as shares of his listed companies skyrocketed, according to Forbes. As per the Bloomberg Billionaire’s Index, Aliko Dangote is the wealthiest person in Africa with a net worth of $19.2 billion, up from $19.1 billion the previous year. Dan has been running Wealthy Gorilla and studying self-development, personal finance and investment for the last 7 years, whilst traveling the world and being able to call Bali, Indonesia, his HQ.

After leaving Microsoft in 2014, Ballmer bought the Los Angeles Clippers basketball team in a deal valued at $2 billion. Ellison made his own fortune, top 5 richest people but thanks to substantial investments he made in Tesla before its meteoric rise, he generated a net gain of more than 1,000% on his capital.

He was CEO of Microsoft for 14 years from 2000 to 2014 who started his career with Microsoft in 1980. He is also the owner of the LA Clippers of the National Basketball Association.

To start with, this is touching and I will say what I have seen in this website, it’s gonna give people good vibes and spur them up. I’ll say “elon musk” but am happy to see the current list above too and I pray those who wish to get there will get there. As of 2022, Elon Musk’s net worth is estimated to be $79.4 billion, which means his net worth has more than doubled this year, after a ridiculous jump in Tesla stock prices between April and August. Sergey Brin and Larry Page co-founded Google back in 1998 in just a small, simple garage.

Rakesh Jhunjhunwala: The Incorrigible India Optimist

Although Mori is now in his 80s, he has big plans for the future. There are plans in place to invest around $7 billion into new projects over the next decade. Based onForbes’list of the world’s billionaires, here’s the top 10 richest individuals who dropped out of school or never attended college. Some of the richest people in the world were college dropouts or even high school dropouts. Bernard Arnault, a French businessman is Chairman and CEO of Luxury conglomerate company, LVMH – France.