Business

The Top 10 Richest People in the World 2022

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Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. Forbes puts the number of billionaires in the world at 2,668 in 2022. The wealthiest among them belong to an even more exclusive club and wield still more power. Many of these billionaires are founders of technology giants, with much of their wealth still invested in the companies they started.

The list of the world’s richest persons can vary from year to year, depending on their latest net worth and financial performance. Here is the latest list of the world’s top 10 richest persons, based on the real-time Forbes List of June 16, 2022 and some interesting facts about each.

1. Elon Musk

Networth $253.4 B

Elon Musk was born on July 28, 1971. Musk is the CEO, founder, Chief Engineer of SpaceX, and an angel investor. He is also the CEO and Product Architect at Tesla. Musk was raised in Pretoria, South Africa, where he was raised. He briefly was a student at Pretoria’s University of Pretoria before moving to Canada at 17 and gaining citizenship through his mother, who was born in Canada.

Elon Musk co-founded six companies, including electric car manufacturer Tesla, rocket maker SpaceX, and tunneling company Boring Company. He holds about 25 percent of Tesla through options and stock and has pledged over 50% of his stock to be collateral to secure loans.

SpaceX was founded in 2002 and has a market value of $125 billion following a capital campaign in 2022. It has quadrupled its worth in just three years. Boring Company, which aims to stop traffic and traffic congestion, raised $675 million in April 2022, with a $5.7 billion price. The board of Twitter agreed to the sale of the firm in a deal with Musk at $44 billion on April 25, 2022, after Musk declared that he held a 9.1 percent stake and was threatened with a hostile takeover. Musk secretly had twins with Shivon Zilis, a senior executive of Neuralink, his business. Neuralink has been testing Bluetooth-enabled implantable devices in monkeys.

2. Bernard Arnault & family

Networth $157.8 B

Bernard Arnault & family was born on March 5, 1949. Bernard Arnault & family is a French business magnate as well as an investor as well as an art dealer. He is co-founder, chairman, chief executive, and chairman of LVMH Moet Hennessy Louis Vuitton SE, the largest luxury goods manufacturer in the world.

Bernard Arnault oversees the LVMH empire, which includes around 70 brands in the world of fashion and cosmetics, including Louis Vuitton and Sephora. On January 20, 2021, LVMH purchased American jewelry retailer Tiffany & Co for $15.8 billion, which is believed to be the largest deal ever made by a brand of luxury. LVMH invested $3.2 billion last year to acquire the luxury hospitality company Belmond which operates as well as manages 46 hotels, rivers cruises, trains, and hotels. His father made a modest fortune from construction. Arnault started his career with a cash investment of 15 million from his company to purchase Christian Dior in 1985. Five of Arnault’s children work as part of his LVMH company: Frederic, Delphine, Antoine, and Alexandre.

3. Jeff Bezos

Networth $146.8 B

Jeff Bezos was born on January 12, 1964. The founder of Amazon is an American entrepreneur, media owner investor, computer engineer, and commercial astronaut. He is the co-founder and executive chairman and was the chief executive officer and president of Amazon.

Jeff Bezos founded e-commerce giant Amazon in 1994 from the garage of his home in Seattle. He left his position as CEO and became an executive chairperson in the month of July 2021. Bezos was able to sell $8.8 billion in Amazon stock in 2021. He also gave away some shares and now holds just a little under 10 percent of Amazon.

Amazon was criticized by U.S. senators and the general public due to its treatment of workers in warehouses in the course of the coronavirus pandemic. Bezos and his wife MacKenzie separated in the year 2019 following more than 25 years together. Afterward, He sold one-quarter of his 16 percent Amazon stake back to his wife. Bezos is the owner of The Washington Post and Blue Origin, an aerospace firm creating rockets. He also was able to fly into space with one of them in July 2021.

4. Gautam Adani and family

Networth $116.5 B

Gautam Adani and his family were born on June 24, 1962. Gautam Adani and their families are Indian billionaire industrialists and charitable philanthropists. 1. He is the chairman and co-founder of the Adani Group, an Ahmedabad-based multinational conglomerate that is involved in sports development and operations across India. A tycoon in the infrastructure Gautam Adani is the owner of Mundra Port, India’s largest port, which is located in the State of Gujarat.

The 13 billion dollars (revenue) of Adani’s assets encompass commodities, infrastructure power generation, and real estate and transmission. Adani purchased 74% of Mumbai International Airport, India’s second-busiest airport, in September. It’s now India’s largest airport operator. Adani hopes to become the largest producer of green energy. He’s stated that he’ll invest upto 70 billion dollars in green energy initiatives. He announced in May of 2022 that he announced the biggest move into cement after winning the battle to buy Swiss giant Holcim’s cement operations located in India at $10.5 billion.

5. Bill Gates

Networth $105 B

Bill Gates, born October 28, 55, Bill Gates is an American business magnate, software developer, author, investor, and charitable donor. Bill Gates is the co-founder of Microsoft, together with his childhood acquaintance Paul Allen. During his time with Microsoft, Gates held the post of chairman as well as chief executive officer (CEO), president, as well as a chief software architect. He was being the biggest individual shareholder up to May 2014. Gates was a key entrepreneur during the microcomputer revolution that took place in the 1970s and the 1980s. Bill Gates turned his fortune from the software company Microsoft into diverse holdings, including the investment in zero-carbon energy.

The couple announced their decision in May of 2021. Bill as well as Melinda, each made announcements on Twitter they would be getting divorced after 27 years of marriage. They continue to co-chair the foundation’s charitable Gates Foundation. Gates, who co-founded Microsoft together with Paul Allen (d. 2018) in 1975, has donated a minimum of $5.7 billion in shares of publicly traded businesses to Melinda. In March 2020, the date that Gates quit his position on the Microsoft management board, he controlled around 1 percent of the computing and software company’s shares. He has invested in a variety of companies, including Canadian National Railway and AutoNation as well as being one of the biggest landowners across the U.S. In the past, Gates has donated nearly $57 billion to the Gates Foundation which includes the $20 billion donation announced at the end of July in 2022. The majority of his initial contributions were in the form of gifts of Microsoft shares.

6. Larry Ellison

Networth $103.1 B

Larry Ellison Born August 17, 1944, Larry Ellison is an American business investor and magnate who is co-founder and executive chairman and chief technology officer (CTO) and the former Chief Executive Officer (CEO) for Oracle Corporation. American computer technology firm Oracle Corporation. Ellison resigned as CEO of Oracle in 2014, and since then, he has served as Chairman of the Board as well as the chief technology advisor to the business. Ellison is also as a member of the Board at Tesla since December 2018, after the purchase of three million shares in the year. He is the owner of nearly all of the Hawaiian island Lanai.

Larry Ellison is chairman, chief technology officer, and co-founder of the software giant Oracle which he has a stake of around 35%… He resigned from the Oracle CEO position in 2014, after 37 years as the company’s CEO. Oracle has grown by acquiring software firms, and the largest deal was $9.3 billion in the case of NetSuite in 2016. In the year 2020, Ellison moved permanently to the Hawaiian island Lanai which he purchased the majority of in 2012 for $300 million. Ellison became a member of Tesla’s executive board of directors in December 2018 after he had purchased the equivalent of 3 million Tesla shares earlier in the year.

7. Warren Buffett

Networth $100 B

Warren Buffett was born on August 30, 1930. Warren Buffett is an American business magnate, investor, and charitable philanthropist. He is the current chief executive officer and chairman of Berkshire Hathaway. He is among the most successful investors in the world and has an estimated net worth of $98 billion at the time of his July 2022. This makes him the eighth richest person in the world.

The “Oracle of Omaha” Warren Buffett is one of the most successful investors ever. Buffett manages Berkshire Hathaway, which owns many companies, including the insurer Geico and the battery manufacturer Duracell and the restaurant chain Dairy Queen. A child of a U.S. congressman, he first began investing in stocks at the age of 11 and then filed his first tax return at the age of 13. He has committed to donating more than 99percent of his wealth. In the past, he has donated over $48 billion, most of it to his foundation, the Gates Foundation, and his kid’s foundations. In 2010 he and Bill Gates launched the Giving Pledge, which asked billionaires to pledge to donate at least 50% of their fortune to charities.

8. Larry Page

Networth $93.2 B

Larry Page was born March 26, 1973. Larry Page is an American business magnate as well as a computer scientist and businessman. He is most famous for co-founding Google along with Sergey Brin. Page was head of the executive team at Google from 1997 to August 2001 (stepping out in favour of the leadership of Eric Schmidt), then from April 2011 to July 2015, when he was promoted to become the CEO at Alphabet Inc. (created to make “major technological advances” as the parent company of Google) which he was in until December 4, 2019. He is still an Alphabet board member as well as an employee and the controlling shareholder.

Larry Page stepped down as the CEO of Alphabet, which is the parent company of Google, in December 2019; however, he is still a board member and a majority shareholder. He co-founded Google in 1998 along with his fellow Stanford Ph.D. student Sergey Brin. Alongside Brin, Page invented Google’s PageRank algorithm, which is the engine that powers Google. Page was CEO from 2001, and then Eric Schmidt took over from 2011 to 2015. In 2015, he took over as the CEO of Google’s subsidiary company, Alphabet. He was the first investor in the space exploration firm Planetary Resources and is also investing in “flying automobile” companies Kitty Hawk and Opener.

9. Sergey Brin

Networth $89.7 B

Sergey Brin born August 21, 1973, Sergey Brin was born August 21, 1973. He was an American business magnate, computer scientist, and Internet businessman. He co-founded Google together with Larry Page. Brin was chief executive of Google’s parent firm, Alphabet Inc. until he resigned from the position on December 3, 2019.

Sergey Brin stepped down as the president of Alphabet the affiliate of Google, in December of this year but is still a controller shareholder and board member. He co-founded Google together with Larry Page in 1998 after they had a meeting in the course of their studies at Stanford University while studying for advanced degrees in computer science. Google went public in the year 2004 and started trading under the name Alphabet, which was a new parent company in the year 2015. Brin was absent from the public Alphabet events throughout 2019, and he devoted his time at Google’s Moonshot Research Lab X. Brin is reportedly financing a high-tech aircraft project.

10. Mukesh Ambani

Networth $88.2 B

Mukesh Ambani, born 19 April 1957. Mukesh Ambani has been one of the Indian business magnates as chairman, managing director, and chairman and the biggest investor in Reliance Industries Ltd. (RIL) (RIL), a Fortune Global 500 company and India’s top-rated company in terms of market value.

Mukesh Ambani is the chairperson and oversees the company at $74 billion (revenue) Reliance Industries, which has interests in petroleum and gas, petrochemicals telecom, retail, and telecom. Reliance was established by his father, who died in the year 1966. Dhirubhai Ambani, a textile trader in the year 1966, was a small manufacturer of textiles.

After the death of his father at the age of 22, Ambani, as well as his older sister Anil split the family business. Reliance was the catalyst for a price war after the launch of 4G phones as well as broadband services Jio in the year 2016. Today, the investors of Jio are Google as well as Facebook.

Ambani is transforming Reliance towards green energy. The company is planning to invest around $80 billion in the next 10-15 years to invest in renewable energy as well as create a new facility close to its refinery.

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