The impact of billionaires on world's business, politics, plus philanthropy is massive. According to the well-known company, Forbes, there’ll be approximately 2,668 billionaires across the world in 2022. Elon Musk, co-founder and CEO of (TSLA), who rose to become the richest man on the planet in 2022, is the most influential.
The people on the world's richest man list are associates of an even smaller group and hold even greater authority. Many of them are the founders of well-known technology companies, and many of their fortunes are still in the businesses they founded.
Elon Musk
Age: 51
Residence: Texas
Co-founder and CEO: Tesla
Net worth: $203 billion
Other assets: Twitter ($16.2 billion), Space Exploration Technologies ($46.9 billion), The Boring Company ($3.33 billion)
First, Elon Musk is striving to revolutionize conveyance on Earth through Tesla, a producer of electric vehicles, as well as in space with SpaceX, a creator of rockets. Moreover, Elon Musk's net income is present $190B, however Tesla, electric car company, is now worth $800 billion. Besides, SpaceX, Musk's rocket company, is currently valued approximately 100 billion dollar. Tesla stock increased by 740% in 2020, helping Musk climb the riches ladder. Tesla became the largest firm added to the S&'P 500 in December 2020. Musk attained the rank of the world's richest man in January 2021, which he has retained ever since.
Musk decided to drop out of the purchase of Twitter in July 2022. Twitter sued Musk to make the buyout happen. Musk countersued the business but later changed his mind and said he was still prepared to buy Twitter. In October 2022, the acquisition was formally completed, giving him a nearly 80% ownership position in the business.
Bernard Arnault
Age: 73
Residence: Paris
Co-founder and CEO: LVMH
Net worth: $138 billion
Other assets: Hermes equity (undisclosed stake), Moelis &' Company Equity ($209 billion public investment), $8.85 billion in cash
The 2nd richest person on the earth is Bernard Arnault, chairman and CEO of LVMH - France. His territory of more than 70 businesses, comprising Louis Vuitton &' Sephora, has produced a net worth of $144 billion for him. Furthermore, Bernard Arnault is a French business tycoon plus the wealthy man in Europe that has accumulated a 100 billion dollar fortune in Dec of the former year.
Gautam Adani
Age: 60
Residence: Gurgaon, India
Founder and Chair: Adani Group
Net worth: $125 billion
Other assets: 61% of Adani Green Energy ($23.8 billion public investment), 65% of Adani Ports and Special Economic Zones ($12.1 billion public investment), 37% of Adani total gas ( $17.9 billion public asset)
In March 2022, Adani Group founder Gautam Adani passed Mukesh Ambani to become Asia's richest person. Gautam Adani is the promoter of Adani Group that has assigned a share of his multimillion-dollar business fortune to the logistics, energy, aerospace, agriculture, as well as other businesses. Interestingly, Adani is the Asian’s most wealthy man, owning the The Adani Group, a global company that operates port operations &' other projects in India.
Jeff Bezos
Age: 58
Residence: Washington
Founder and Executive Chair: Amazon (AMZN)
Net worth: $126 billion
Other assets: The Washington Post ($250 million private asset), Blue Origin ($9.15 billion personal asset), and $14.1 billion in cash
Jeff Bezos, the founder, and CEO of Amazon is the fourth world's richest man with a net worth of $126 billion. Even after he divorced his wife MacKenzie in 2019 and gave her a portion of his Amazon stock, his opinion has not changed. In 1994, Bezos launched the titan Amazon from his Seattle garage. With more individuals shopping online due to the coronavirus outbreak, the e-commerce behemoth has benefited.
Bill Gates
Age: 67
Residence: Washington
Co-Founder: Microsoft (MSFT)
Net worth: $111 billion
Other assets: Cascade Investment LLC ($51.66 billion public asset) and $54 billion in cash
Warren Buffett
Age: 92
Residence: Nebraska
Co-Founder: Berkshire Hathaway (BRK.A)
Net worth: $103 billion
Other assets: $1.05B
Warren Buffet, also mentioned as the Oracle of Omaha, is one of the leading investors. He is CEO of Berkshire Hathaway, the company that owns above 60 businesses, comprising Duracell, the popular Geico insurance firm, as well as Dairy Queen restaurant. Warren bought his first stock in the age of 11 years. In addition, he is the son of the United States lawmaker.
A large portion of Buffett's wealth has been devoted to philanthropy. He donated $41 billion between 2006 and 2020, most of which went to the Bill &' Melinda Gates Foundation and his children's causes.
Together with Bill Gates, Buffett introduced the Giving Pledge in 2010. Buffett is still CEO at the age of 92, but in 2021 he suggested that Gregory Abel, the head of Berkshire's non-insurance business, might take over.
Larry Ellison
Age: 78
Residence: Hawaii
Co-Founder,
Chair &' CTO: Oracle
(ORCL)
Net worth: $93.7 billion
Other assets: Tesla equity ($10.2 billion public asset), $17.2 billion in real estate, and cash
Larry Ellison cofounded the software firm Oracle in 1977 and has a $90.9 billion net worth. Larry left his spot as the company's CEO in the year 2014. Since then, Larry has worked as a best technical advisor &' the board chairman. Besides, Larry joined the board of Tesla in Dec 2018 after buying 3M shares. He virtually owns the entire Lanai’s Hawaiian island.
Larry Page
Age: 49
Residence: California
Co-Founder: Alphabet (GOOG)
Net worth: $87.8 billion
Other assets: $14.1 billion in cash
Similar to a number of the other software billionaires on this list, Larry Page started his journey to notoriety and riches in a college dorm room. In 1995, Larry Page and his friend Sergey Brin developed the concept of bettering internet data extraction while they were both students at Stanford University.
With an estimated net wealth of $81.4 billion, the co-founder of Google, Larry Page, ranks the eighth world's richest man in 2022. In addition to "Flying Car," startup companies Kitty Hawk &' Opener, Page invested in another famous space exploration company, Planetary Resources.
Bottom Line
You may need to develop your expertise in technology or luxury shopping if you want to come close to ranking among the wealthiest billionaires. Or you may keep things straightforward and concentrate on value investing.
