The 10 Richest People in the World 2022


top 10 richest people in the world

The richest people in the world play an important role in shaping global politics, economy, and charity. Forbes predicts that there will be 2,668 billionaires by 2022. The most powerful and wealthy are members of an even exclusive club. Many of these billionaires were founders of technology giants. They have large amounts of their wealth still invested in the companies they founded.

They can borrow against the wealth to avoid selling stock, and defer (or remove for heirs), taxes on unrealized principal gains. Multi-billionaires can also benefit from a multitude of tax deductions to offset the income reported so that some who are not on this list do not pay income tax.

Market valuations can affect the net worth of the richest individuals since they hold so much of it in publicly traded securities. Elon Musk Tesla Inc. CEO and founder ( TSLA) was the richest person in the world in 2021. This was due to Tesla’s share price rising by nearly 50% and Tesla shares increasing by 16%.

Meta Platforms Inc. CEO Mark Zuckerberg and its founder Meta Platforms Inc. fell out of the top 10 in February 2022. This was after Meta’s disappointing earnings reported caused the share price to plummet. Zuckerberg’s net worth is down $54 billion in 2022.

These are the 10 richest people on Earth as of the Bloomberg Billionaires Index.

Elon Musk (The 10 Richest People in the World Rank 1)

  • Age: 50
  • Residence: Texas
  • Chief Executive Officer and Co-founder: Tesla
  • Net Worth: $220 billion
  • Tesla Ownership stake: 16% ($107 billion).
  • Assets: Space Exploration Technologies $40.3Billion private assets), The Boring Company $3.4Billion private assets), Twitter ($2.9B public assets), $11.3B in cash 
Elon Musk (The 10 Richest People in the World Rank 1)
Elon Musk (The 10 Richest People in the World Rank 1)

Zip2 & X.com

Elon Musk was a South African-born man who studied at a university there before transferring to Pennsylvania university. There he earned a bachelor’s in economics and physics. Elon dropped out of Stanford University’s graduate physics program two days later to launch Zip2, an internet navigation service. Musk invested a portion to create X.com from the profits of this startup.

Tesla, Space X and The Solar City

Elon Musk became a significant funder for Tesla Motors (now Tesla), and he is now the CEO of this electric vehicle company. Tesla is known for its electric vehicles, but it also makes energy storage devices, automotive accessories, and, with the acquisition of SolarCity (2016), solar power systems. Musk is also a chief engineer and CEO at Space Exploration Technologies. SpaceX develops rockets for space.

Tesla shares increased by 740% between 2020 and 2021 to boost Musk’s wealth. Tesla joined S&P 500 in 2020 and became the largest company. Musk became the wealthiest person in the world in January 2021 by joining the S&P500 in December 2020.

Musk asked his Twitter audience if they wanted to sell 10% Tesla stock. This was in response to criticisms about unrealized capital gain as a way to avoid tax. He went on to sell shares in the amount of $16.4 trillion over the remainder of 2020.

U.S. Sen. Elizabeth Warren is a Massachusetts Democrat. She cited a news report that Musk has not paid any income tax for 2018, to support the adoption of wealth taxes. Musk responded on Twitter that he would pay more taxes than any American this year if he opened his eyes for just 2 seconds.

Musk’s rise in wealth has been attributed to Tesla shares rising in 2021 and private transactions boosting SpaceX’s reported value, which has continued to increase. His net worth reached a maximum of $340 billion on November 20,21.

Twitter

Musk began a campaign to privatize Twitter in April 2022. This culminated in a $44 billion takeover. Musk plans to invest $21Billion of his own capital in the financing of the deal. Musk sold 9.6 million Tesla shares, valued at $8.5 billion, just before the buyout announcement.

 Jeff Bezos(The 10 Richest People in the World Rank 2)

  • Age: 58
  • Residence: Washington
  • Chairman and Founder: Amazon
  • Net worth: $144billion
  • Amazon Ownership stake:10% ($120 billion)
  • Additional Assets: Blue Origin (9.15 billion in private assets), The Washington Post ($250 million private assets), and $14.9 Billion in cash 
jeff bezos (The 10 Richest People in the World Rank 2)
Jeff Bezos (The 10 Richest People in the World Rank 2)

Jeff Bezos launched Amazon.com shortly after his resignation from D.E.Hedge Funds. Shaw. Shaw’s former boss David E. Shaw didn’t like the idea of an online bookshop.

Amazon.com was originally founded to sell books. But it has become the largest online retailer, and the most comprehensive. Amazon’s consistent diversification is evident through some of its surprising expansions. In 2017, Amazon acquired Whole Foods and entered the pharmacy business.

Bezos was able to own as much as 16% of Amazon in 2019, but he transferred 4% to MacKenzie Scott during the divorce proceedings. Amazon’s share value rose 76% during 2020 because of increased demand for online shopping due to the COVID-19 pandemic. Bezos was elected the company’s executive chair and stepped down as its CEO on July 5, 2021.

Bezos first took Amazon public back in 1997. He then went on to be the first person since Bill Gates to have a net worth exceeding $100 billion.

Bezos’ brother Mark, Wally Funk (aviation pioneer) and Oliver Daemen (dutch student) completed Blue Origin’s first crewed flight. They reached an altitude of over 66 miles before landing safely. Bezos’s wealth peaked at $211 million in the same month.

Bernard Arnault (The 10 Richest People in the World Rank 3)

  • Age: 73
  • Residence: Paris, France
  • Chair and CEO: LVMH ( HTMLMUY).
  • Net worth:$136billion
  • Christian Dior Ownership Stake: 97.5% ($110 Billion total)
  • Additional Assets: Moelis & Company equity ($20.2 billion public assets), Hermes stock (undisclosed stake), 11.1 billion cash 
 Bernard Arnault (The 10 Richest People in the World Rank 3)
 Bernard Arnault (The 10 Richest People in the World Rank 3)

French national Bernard Arnault chairs and is CEO of LVMH. LVMH has the largest luxury goods business in the world. LVMH also owns brands such as Louis Vuitton. Marc Jacobs and Sephora.

Arnault’s richest part comes from his large stake in Christian Dior SE. These shares, along with 6.2% in LVMH, can be accessed through Groupe Familial Arnault.

Arnault is an engineer by training. He first displayed his business acumen working for Ferret-Savinel his father’s building firm. He became the owner of the company in 1971. Ferret-Savinel became Ferinel Inc. when he converted it to a real estate firm in 1979. Arnault remained in Ferinel’s seat for another six years, when he bought and reorganized luxury goods company Financiere Agache in 1985. He was invited by LVMH to invest in the company in 1987. He then became the majority shareholder and chair of the board as well as the CEO.

Bill Gates (The 10 Richest People in the World Rank 4)

  • Age: 66
  • Residence: Washington
  • Co-founder: Microsoft Corp. (MSFT)
  • Net worth: $123billion
  • Microsoft Stake Ownership: 1.3% $28 billion
  • Additional Assets:Cascade Investment LLC ($53.4Billion public assets), $56.6Billion in cash 
bill gates (The 10 Richest People in the World Rank 4)
Bill Gates (The 10 Richest People in the World Rank 4)

Bill Gates, while attending Harvard University in 1975 began to work alongside Paul Allen his childhood friend to develop new software to run the original microcomputers. Gates graduated from Harvard in 1975 and joined Allen to create Microsoft.

Microsoft is the most important software company around the globe. This company also makes its personal computers and publishes books through Microsoft Press. Microsoft Exchange provides email services and offers email services to its users. Microsoft also sells video gaming systems and other peripheral devices. Gates began his career as Microsoft’s chief technology architect. He was promoted to the position of board chair in 2008 after he retired. Bill Gates was a Berkshire Hathaway board member in 2004. He resigned on March 13, 2020, from both boards.

Bill Gates invests large amounts of his net wealth in Cascade Investment LLC. Cascade, a privately owned investment vehicle, owns a range of stocks including Canadian National Railway Deere, Republic Services, and Republic Services.

Gates founded two philanthropic institutions, the William H. Gates Foundation and the Gates Learning Foundation in 2000. The foundation has spent more than $1.9Billion to fight the COVID-19 pandemic.

Bill Gates co-founded the Giving Pledge with Warren Buffett in 2010. It encouraged wealthy individuals to make a commitment to giving most of their wealth away to charity. Bill Gates split from his wife Melinda French Gates in 2021. The divorce resulted in $5 billion in equity being transferred to French Gates. Bill Gates also owns more than 268,000 acres.

Warren Buffett (The 10 Richest People in the World Rank 5)

  • Age: 91
  • Residence: Nebraska
  • CEO: Berkshire Hathaway ( BRK.A).
  • Net worth: $114 Billion
  • Berkshire Hathaway Ownership Stake: 6% ($113 billion).
  • Other assets: $1.1 million in cash 
Warren Buffett (The 10 Richest People in the World Rank 5)
Warren Buffett (The 10 Richest People in the World Rank 5)

Warren Buffett, the most famous living value investor was 14 when he filed his tax return. It listed earnings from his boyhood newspaper route. He purchased shares in Berkshire Hathaway Textile Company in 1962. He was the majority shareholder in 1965. In 1967, he increased the company’s investments to insurance and other investment. Berkshire Hathaway now has a $705-billion market cap and one share of stock (Class A shares) trades at more than $481,000 as of May 5, 2022.

Buffett is well-known as the “Oracle of Omaha,” a buy/hold investor who built his wealth by purchasing undervalued companies. Berkshire Hathaway is a new investor who has made investments in large, well-known businesses. This portfolio includes shares in insurance, energy distribution and consumer products. Warren is a well-known Bitcoin sceptic.

Buffett has made a significant contribution to charitable causes.  Warren, along with Bill Gates, launched the Giving Pledge in 2010 and gave away $41Billion between 2006 to 2020.

Warren is still the CEO at the age of 91. But he suggested that in 2021, he could be replaced by Gregory Abel. Abel leads Berkshire’s operations that are not insurance.

Larry Page (The 10 Richest People in the World Rank 6)

  • Age: 49
  • Residence: California
  • Co-founder and Board Member: Alphabet (GOOG).
  • Net worth: $103 billion
  • Alphabet Ownership stake: $68.8 million total
  • Other Assets $14.6B in cash
Larry Page
Larry Page (The 10 Richest People in the World Rank 6)

Larry Page started his journey to fame, fortune and success in a college dorm. Sergey Brin and Page’s two Stanford University friends suggested the idea of improving internet data mining. The two created “Backrub,” a search engine technology that can analyze “backing links” and was named by them. Page and Brin created a new search engine technology called “Backrub” and founded Google in 1998. Page was the CEO of Google until 2001 and then again from 2011 to 2019.

Google is the leading internet search engine. Google handles more than 92% of worldwide search queries. YouTube was the number one platform for user-submitted videos. In 2006, Google bought it. Google bought Android, Inc., in 2005. In 2008, the Android mobile phone operating system was released. Google became a subsidiary under Alphabet, which is a holding company. Page was one of the original investors in Planetary Resources. The company was a space exploration firm and asteroid-mining business. ConsenSys 2018, a blockchain firm, acquired the company. The company was established in 2009 and was purchased by ConsenSys 2018, the blockchain firm.

He also invests in Kitty Hawk, Opener and other “flying cars” companies. Google shares soared nearly 50% in 2021, making Page and Brin billionaires. Page’s net worth grew from less than $52 billion in March 2020 to $105 billion today.

Sergey Brin (The 10 Richest People in the World Rank 7)

  • Age: 48
  • Resident: California
  • Co-founder & Board Member: Alphabet ( GOOG).
  • Net worth: $99.1 million
  • Alphabet Ownership Stake: $86.4 billion
  • Other Assets $14.8 Billon in Cash
Sergey Brin
Sergey Brin (The 10 Richest People in the World Rank 7)

Sergey Brin was raised in Moscow, Russia. In 1979, he moved to the U.S.A with his family. After co-founding Google with Larry Page in 1998, Brin became Google’s president of technology in 2001. After its creation in 2015, Brin was still the Alphabet chairman. In 2019 Sundar Pichai became the CEO.

Google has a dominant internet search engine. Its Workspace offers a number of online tools, including Gmail, Google Drive, Google Meet, Google Chat, Google Docs and Google Sheets. Google Slides is also available.

Brin spent a lot of 2019 focusing his attention on X. This is Alphabet’s laboratory for ingenious technologies like Waymo autonomous cars and Google Glass smart spectacles. He donated millions of Dollars to Parkinson’s Disease research, partnering up with The Michael J. Fox Foundation.

Gautam Adani (The 10 Richest People in the World Rank 8)

  • Age: 59
  • Residence –Gurgaon. India
  • Chair: Adani Group
  • Net worth:$98.1 million
  • Adani Enterprises, Power. Transmissions Ownership Stakes: – 75% each ($51.1billion)
  • Additional Assets:65% Adani Ports & Special Economic Zone (11.3 billion public properties), 61% Adani Green Energy (23.1 billion public properties), 37% Adani Total Gas (12.7 billion public properties)
Gautam Adani
Gautam Adani (The 10 Richest People in the World Rank 8)

Gautam Adani is the founder and CEO of Adani Group. He was named Asia’s richest person in March 2022, surpassing Mukesh Abani. Adani Group owner, Adani, holds major stakes in six Indian companies. Adani Enterprises, Adani Power, Adani Transmissions and Adani Transmissions each have 75% and 61% respectively. Adani Ports & Special Economic Zone has 65% and Adani Total Gas has 37%.

Adani Group owns $174 Billion in market cap (as of June 2022). Adani Power is Adani’s entry into the power generation industry in 2009. Adani Enterprises was established in 1988 by Adani to import and trade commodities. In 1994, Adani Enterprises received approval to develop a harbour at Mundra Port. Today, it is the largest private port in India.

Adani quit college to become a trader in diamonds. Adani is India’s largest port operator, a closely-held thermal coker producer, and a coal trader. He bought a 74% interest in Mumbai International Airport, India’s busiest airport. In 1997, the billionaire was kidnapped. He was held for ransom. Adani was also present in Mumbai’s Taj hotel at the time of the 2008 terrorist attack.

Mukesh Ambani (The 10 Richest People in the World Rank 9)

  • Age: 65
  • Residence: Mumbai, India
  • Chair, Managing Director: Reliance Industries
  • Net worth:$96.0billion
  • Reliance Industries Ownership Stake:42% (96.5 billion).
  • Additional Assets: Mumbai residential real estate ($410 million)
Mukesh Ambani
Mukesh Ambani (The 10 Richest People in the World Rank 9)

Reliance Industries

Mukesh was born in British-controlled Yemen to a trading clerk. Dhirubhai (his father) returned to India the next year. His family moved into a Mumbai apartment with two rooms and began trading spices. Dhirubhai Ambani founded his first textile mill in 1996. Reliance Industries, which was then listed on the Mumbai Stock Exchange in 1977, has grown a loyal and large following of shareholders.

Mukesh Ambani holds a degree in Chemical Engineering from the University of Mumbai. Since 1977, he’s been a director on Reliance.

Mukesh Ambani was a student at Stanford University, seeking a master’s in business administration. However, he left Stanford University with no degree. He returned to India in 1981 to oversee Reliance’s expansion to petrochemicals, refining, and drilling.

Dhirubhai’s stroke resulted in his death in 2002. Mukesh and Anil Ambani were given joint leadership of Reliance. Their mother arranged a 2005 settlement that split Reliance. Mukesh kept the refining, the petrochemicals and the textile operations. Anil took over the telecom, power, entertainment and financial services assets.

The feuding continued up to 2010 when the brothers settled their legal dispute regarding natural gas and ended the Non-Compete Agreements. Anil Ambani, Mukesh and Anil Ambani made a deal for $220 million to share a fiberoptic network.

Reliance Industries has grown into telecommunications, retail and other areas under MukeshAmbani’s leadership. Two Indian newspapers voted him the world’s richest man in 2007. Ambani is also a member of the World Economic Forum’s board. 89 In 2010, Reliance Foundation was founded by his company for rural development, health and education.

Ambani`s Lifestyle

Ambani lives with his family, including three of his children and their mother, in a 27-story Mumbai house he built. The building boasts three helipads as well three floors worth of gardens. Ambani donated $66.7 million to the government’s COVID-19 Fund in 2020 after a video of Ambani ringing the bell from his balcony to say thank you to healthcare workers caused social media critics to point out that he had not provided sufficient aid during the pandemic.

Steve Ballmer (The 10 Richest People in the World Rank 10)

  • Age: 66
  • Residence: Washington
  • Owner: Los Angeles Clippers
  • Net worth: $95.9 Billon
  • Microsoft Ownership stake: 40% ($86.8billion total).
  • Additional Assets: Los Angeles Clippers (3.16 billion private assets), $6.0 million in cash
Steve Ballmer
Steve Ballmer (The 10 Richest People in the World Rank 10)

Steve Ballmer joined Microsoft as a result of Bill Gates’ convincing him to drop out of Stanford University’s MBA programs. He was Microsoft’s thirtieth employee. Ballmer was appointed Microsoft CEO by Gates in 2000. He held the post until his resignation in 2014. Ballmer managed the purchase of Skype by Microsoft in 2011 for $8.5billion.

Ballmer has an estimated 4% stake in Microsoft. He is therefore the biggest individual shareholder of this software giant. Ballmer purchased Los Angeles Clippers basketball for $2 billion shortly after he was removed as Microsoft CEO.

While Bill Gates was attending Harvard University, Ballmer lived in the exact same dorm and floor as Bill Gates. When Ballmer made the tech company more hardware-oriented, like the Surface tablet and Windows mobile phones, the “brotherly” relationship became difficult.

The Bottom Line

To be one of the wealthiest billionaires, you will need to become a luxury retail expert or a technological innovator. You could choose to keep it simple and focus on value investing. It wouldn’t hurt if you were born rich. However, these are the best fortunes that were made because of good ideas and people with drive and creativity who built some of the largest companies in the world.



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