World richest man 2022

ALSO READ: ELON MUSK BECOMES WORLD’S RICHEST PERSON… AGAIN In December 2022, Musk lost his spot as the World’s Richest Person to LVMH CEO Bernard Arnault. On 27 February, the billionaire reclaimed his title as World’s Richest Person and moved Arnault to the second spot. Musk’s net worth was then $187.1 billion (R3.4 trillion). However, he moved back down to the second spot days later. Now, Musk is once again the World’s Richest Person. This was after Arnault’s net worth fell by $24.5 billion (R476 billion). Jeff Bezos and Bill Gates are in third and fourth positions respectively. Followed by Larry Ellison in fifth spot. So, how did Musk amass his trillion rand net worth? ALSO READ: HOW THE PRETORIA-BORN BILLIONAIRE AMASSED HIS NET WORTH • While he was a university student, Musk and his classmate rented out a 10-bedroom frat house and turned it into a nightclub. • According to • Musk thereafter started an online banking company called X.com. The company later merged with Confinity to form PayPal where the billionaire was named CEO. However, he was later fired. eBay then bought PayPal, and as the company’s biggest single shareholder he made $165 million (over R2 billion) of the $1.5 billion price eBay paid. • In 2002, he started SpaceX with $100 million (R1.5 billion) he received from the eBay buyout. • Musk made his first investment in Tesla Motors in 2004. He also helped develop their first car, the Roadster. However, the company was not doing that well until he personally...

The Richest People in the World in 2022 Today, the 10 richest people in the world control $1.3 trillion in wealth. This scale of wealth is equal to approximately 1.3% of the world economy, Amazon’s entire market cap, or spending $1 million a day over 3,000 years. In fact, it’s almost double the amount seen two years ago ($663 billion). As billionaire wealth accumulates at a remarkable speed, we feature a snapshot of the world’s richest in 2022, based on data from the Top 10 Richest People in the World Elon Musk, with a fortune of $266 billion, is the richest person on the planet. Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Musk, who is also CEO and chief engineer of SpaceX, plans to send the Here are the richest people in the world, based on data as of September 13, 2022: Rank Name Source Net Worth (Sep 2022) Net Worth (Mar 2021) Change 2021-2022 1 Elon Musk Tesla, SpaceX $266B $151B $115B 2 Bernard Arnault & family LVMH $160B $150B $10B 3 Gautam Adani & family Infrastructure, Commodities $151B $51B $100B 4 Jeff Bezos Amazon $150B $177B -$27B 5 Bill Gates Microsoft $107B $124B -$17B 6 Larry Ellison Oracle $104B $93B $11B 7 Warren Buffett Berkshire Hathaway $97B $96B $1B 8 Mukesh Ambani Diversified $95B $85B $10B 9 Larry Page Google $90B $92B -$2B 10 Sergey Brin Google $86B $89B -$3B With a net worth of $150 billion, Jeff Bezos sits in fourth place. Since last March, Amazon shares have fallen over 20% in light of i...

The combined net worth of the world’s richest people slipped 3 per cent to $12.7 trillion over the past year, from a record $13.1tn in 2021, driven by the Forbes’ 2022 World Billionaires List. There are 2,668 “In all, 329 people fell off the billionaires list this year – the most since the 2009 financial crisis,” Forbes said on Tuesday. Mr Forbes list for the first time with a net worth of $219 billion. The billionaire, who owns more than 73.4 million shares in the social media platform valued at about $3bn, will “serve as a Class II director with a term expiring at the company’s 2024 annual meeting of stockholders”, Twitter said in a US Securities and Exchange Commission In contrast to the Forbes' list, the Bloomberg Billionaires Index named Mr Musk Forbes said. Amazon founder Jeff Bezos fell to number two for the first time in four years “due to a 3 per cent drop in Amazon stock and increased charitable giving, which wiped $6bn from his net worth”, it said. Who ended 2021 as the world's richest man and why? French luxury goods tycoon Bernard Arnault, who added $8bn to his fortune over the past year, remains the world’s third-richest person. Rounding out the top five are Bill Gates and Warren Buffett with personal fortunes of $129bn and $118bn, respectively. There were 236 newcomers added to the billionaire ranks this year, including pop star Lord of the Rings director Peter Jackson and venture capitalist Josh Kushner. The US is home to the most billionaires on the planet...

Itwas a down year for many of the planet’s 2,640 billionaires–including those at the very top of the top. The 25 richest people in the world are worth a collective $2.1 trillion, according to Forbes’ World’s Billionaires list, released Tuesday–down a combined $200 billion from $2.3 trillion in 2022. Two-thirds of the top 25 are poorer than they were last year, compared to around half of the list overall. No one lost more than Jeff Bezos as Amazon shares crashed by 38%. The drop lopped $57 billion from Bezos’ fortune and knocked him from No. 2 in the world in 2022 to No. 3 this year. This year’s second-biggest loser, Elon Musk, had it worse. He lost his title of world’s richest person after his pricey purchase of Twitter, which he funded in part by the sale of Tesla shares, helping to spook investors. Musk, who is worth $39 billion less than a year ago, is now No. 2. Still, it’s not all bad news among this elite set. 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. Eight other members of the top 25 got richer since the 2022 ranking, including Spanish retailer Amancio Ortega (+$17.7 billion), Bloomberg LP cofounder and former New York mayor Michael Bloomberg (+$12.5 billion) and Mexican telecom mogul Carlos Slim Helú (+$11.8 billion). View gallery With so many fortunes dropping around them, two billionaires joined the top 25 this year: Canadian media mogul David Thomson ...

Gautam Adani (center) attends the UP Investors Summit in the northern Indian state of Uttar Pradesh, on June 3. Rajesh Kumar Singh/AP Move over, India's richest man, Gautam Adani, shot past the Amazon founder this week in the rankings of the world's wealthiest people. According to lists maintained by Bezos currently boasts around $147 billion in total net worth, placing him third (Bloomberg) or fourth (Forbes).

The CEO of Tesla and rocket firm SpaceX and the owner of Twitter became the world’s richest person Wednesday morning, overtaking French luxury goods tycoon Bernard Arnault, who had been the world’s No. 1 richest since December 2022. Musk was worth an estimated $215.9 billion as of around 10:15 am ET Wednesday, putting him “Playing nice in the sandbox in Beijing is something the Street is laser focused on to make sure there are no disruptions to Tesla's expansion and tentacles within China for the coming years as this remains the #1 EV market in the world,” Wedbush analyst Dan Ives said in a note. In late January, Tesla posted its Editor While Tesla shares have been on a tear, LVMH has moved the opposite direction. In late April, the luxury goods conglomerate-whose brands include Bulgari, Givenchy, Sephora and Tiffany & Co.–became the first European company to reach a market capitalization of $500 billion. Shares then fell about 7% in May, shaving more than $20 billion off Arnault’s fortune. On Wednesday June 7, shares of LVMH ended the day up about 0.5% at 812.70 Euros.