Forbes magazine’s current list of the world’s richest people shows a 400 billion dollar reduction in billionaires’ worth.
Globally, Forbes’ annual World’s Billionaires list shows 2,668 billionaires, down 87 from last year. Their aggregate net wealth is $12.7 trillion.
The Russia-Ukraine war, the COVID pandemic, and weakening markets are blamed by Forbes.
The US still has the most billionaires (735), followed by China (607).
Forbes’ list was topped by Tesla and SpaceX creator Elon Musk, who is worth $219 billion. Moreover half of the top 10 billionaires are from the tech industry.
Who are the 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.
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.
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