The world’s top ten wealthiest individuals now own $1.3 trillion in assets. The list described below shows who the richest people in the world are in the year 2022 and how much they have grown.
This amount of wealth represents around 1.4 percent of the global economy, Amazon’s total market cap, or spending $1 million per day for 3,000 years. In fact, it’s more than double what it was only two years ago ($663 billion).
We showcase a snapshot of the world’s richest in 2022, based on data from the Forbes Real-Time Billionaires List, as billionaire wealth rises at a stunning rate.
Top 10 Richest People in the World
Elon Musk is the richest person on the globe, with a fortune of $212 billion.
In 2021, Tesla have delivered over one million automobiles worldwide. Despite a shortage of computer chips, Tesla deliveries increased by 87 percent year over year. Musk, who is also the CEO and chief engineer of SpaceX, wants to launch the world’s largest rocket into space in 2022. It stands at a height of 119 metres.
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Based on data as of March 14, 2022, the following are the world’s wealthiest people:
Jeff Bezos comes in second with a net worth of $168 billion. Bezos is the only billionaire in the top ten who has lost money this year (-$9 billion). Because of poor earnings and lacklustre retail growth, Amazon shares have only climbed 3% since March.
For the first time since 2016, Mark Zuckerberg, CEO of Meta (previously Facebook), dropped out of the top ten. Meta’s stock dropped after the company reported the first dip in global daily active users since 2004.
Growth Rates of the Top 10 Overall
Here are the ten richest persons on the planet who have seen their fortunes grow the fastest:
Musk’s fortune has risen faster than that of any other person on this list. Tesla became a trillion-dollar firm for the first time in 2021, and Musk’s net worth increased by 29% in the previous year.
Crypto Billionaires in 2022
Because of the meteoric ascent of cryptocurrencies, at least ten people around the world have seen their fortunes soar into the billions.
With a staggering $24 billion net worth, Sam Bankman-Fried, the founder of the FTX crypto derivatives market, is at the top. When Bankman-Fried was 27 years old, he launched the exchange.
FTX presently has one million customers and is valued at $32 billion.
Brian Armstrong, the co-founder of cryptocurrency exchange Coinbase, follows Bankman-Fried. After Binance, it is the world’s second-largest cryptocurrency exchange.
Cameron and Tyler Winklevoss, co-founders of the Gemini cryptocurrency exchange, are also on the list, each with a net worth of $4 billion. They, like their competitor Mark Zuckerberg, want to create a metaverse.
Will the wealth of billionaires continue to grow at such a rapid pace? If the invasion of Ukraine continues, it will almost certainly have far-reaching structural consequences.
As observed in the aftermath of WWII, some claim that war is a great leveller, a force that has reduced income disparity. Others argue that it worsens wealth disparity (pdf given below),particularly when the conflict is supported by public debt. Costs have frequently risen as a result of war, increasing strain on low and middle-income households.
It’s unclear whether the battle will have long-term impacts on wealth distribution; nevertheless, if the pandemic is any indication, the consequences will be unpredictable.
Read the study below: