Skip to main content

Forbes billionaires 2022: Elon Musk topples Jeff Bezos as list dips

 


Forbes’ ranking of billionaires this year indicate that Tesla and SpaceX founder and CEO, Elon Musk for the first time toppled Amazon’s Jeff Bezos for the top spot, with a net worth of $219 billion.

The list also showed that more than half of the top 10 billionaires earned their fortunes in the technology sector.

The ranks of billionaires dwindled over the past year, with their total worth dropping by $400 billion, says the latest list of the world’s richest people from Forbes magazine.

There are 2,668 billionaires around the globe, according to Forbes’ annual World’s Billionaires list, down 87 from the previous year. These billionaires are worth a combined $12.7 trillion.

Forbes cites the Russia-Ukraine war, the COVID pandemic and weaker markets for the dip in the number of billionaires.

The U.S. still tops all countries with the most billionaires at 735, followed by China’s 607.

Top 10 richest people in the world

1. Elon Musk ($219 billion). Musk recently joined Twitter’s board after claiming a 9% stake in the company.

2. Jeff Bezos ($171 billion). He founded a little company called Amazon. He also has his own aerospace company, Blue Origin.

Read also: Report reveals most commonly used PASSWORDS in 2021

3. Bernard Arnault and family ($158 billion). Arnault runs LVMH, the company behind brands including Louis Vuitton, Marc Jacobs, and Christian Dior.

4. Bill Gates ($129 billion). Gates co-founded software giant Microsoft.

5. Warren Buffett ($118 billion). The “Oracle of Omaha” is CEO of Berkshire Hathaway, and made his billions through investing.

6. Larry Page ($111 billion). Next time you Google anything, remember Page, who is one of its co-founders.

7. Sergey Brin ($107 billion). Brin co-founded Google with Page.

8. Larry Ellison ($106 billion). Ellison runs software giant Oracle.

9. Steve Ballmer ($91.4 billion). Ballmer once served as CEO of Microsoft. Today, he’s owner of the Los Angeles Clippers.

10. Mukesh Ambani $(90.7 billion). Ambani is the chairman and managing director of Reliance Industries, which is involved in multiple industries including petrochemicals and textiles.

Labels:

Comments

Post a Comment

Popular posts from this blog

Ghana Home Loans

With interest rates declining, a more liquid environment and a macroeconomic stability, mortgage financing is expected to see an ease of credit. And Ghana Home Loans being a leader in this industry is expected to lead the way. Ghana Home Loans (GHL), a leader in home mortgage, continues to be the frontier in fulfilling dreams of many Ghanaians in homeownership. Since starting business in 2006, it has also provided many existing homeowners with Equity Release mortgages to support their businesses, pay educational fees, improve their properties, or simply pursue other personal hobbies and interests. Ghana Home Loans is a mortgage finance institution which operates under Bank of Ghana’s supervision as a non-bank financial institution. At present, the Company remains the only such institution that focuses exclusively on the provision of mortgage product. Through the Home Completion mortgage and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applican
16 comments
Read more

COP29: EU-Africa Chamber of Commerce to host a panel discussion on Access to Finance & Sustainability

The EU-Africa Chamber of Commerce (EUACC) will be hosting a pivotal panel discussion at COP 29 in Baku, Azerbaijan, focusing on "Access to Finance & Sustainability: A Call to Action for Resilient Growth in Africa." This event, held at the Côte d'Ivoire Pavilion, brings together experts, investors, and policymakers to tackle financing challenges and sustainability priorities within Africa's maritime sector. The panel discussion of the EU-Africa Chamber of Commerce during the COP 29 will gather experts, investors, and policymakers to address financing challenges and sustainability priorities with a focus on Africa’s maritime sector. The discussion builds on the Ten-Point Call to Action established during the recent EUACC-led conference in Abidjan in October 2024. The commitment of the EU-Africa Chamber of Commerce is clear: contribute to address the critical challenge of access to finance. This obstacle hinders the development of infrastructure, innovation, and eve
Post a Comment
Read more

Zoomlion Advocates Community & Gender inclusive waste management for Climate Action at COP 29

 Africa's waste management giant, Zoomlion Ghana Limited has advocated for an integrated approach to waste management that considers the interest of community members, women and vulnerable groups. James Deku, a Communications Officer of Zoomlion Ghana Limited made this call at the 29th session of the Conference Of Parties (COP 29) of the United Nations Framework Convention for Climate Change (UNFCCC) at Azerbaijan, Baku whiles speaking on the topic "Community-Driven and Gender Inclusive approaches to waste management for Climate Action ". He said the waste sector is a major contributor of methane emissions which is a potent greenhouse gas causing climate change hence the need to manage waste in a manner that considers the interest of all stakeholders. Zoomlion's waste management model is designed and operated in a manner that considers the interest of all stakeholders. Through a Public Private Partnership (PPP) model, local authorities engage community members in clea
Post a Comment
Read more