The median net worth of the top 10 billionaires increased by almost triple during the course of a decade, from $39 billion to $115 billion. These are the world’s richest billionaires over the past 10 years.
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The ranking of the top billionaires in the world has undergone a number of changes during the past ten years.
One difference is that there are fresh faces at the top of the leaderboard. But one of the most noticeable shifts, as Nick Routley of Visual Capitalist explains below, is that the wealthiest billionaires have amassed a lot more wealth recently.
Routley has displayed the wealth and ranking of the top 10 billionaires over the past ten years using annual data from Forbes on the wealthiest billionaires.
Who are the World’s Richest Billionaires?
Although the hierarchy has changed, the leaderboard has remained relatively exclusive. There are just 19 people who have made the list over the past ten years out of a possible 10.
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Here is a list of the top billionaires as of 2022, along with their first appearance on the list (if it was during the previous ten years):
Bill Gates, a former Microsoft co-founder turned philanthropist, consistently ranks near the top of these lists. Gates is still in fourth place despite having dropped to his lowest position over this time frame. The billionaire has promised to donate almost all of his wealth to the Bill & Melinda Gates Foundation.
Elon Musk dethroned Jeff Bezos from the top spot in the list of the world’s richest individuals between 2018 and 2021. After Amazon’s stock price increased throughout the pandemic, Bezos became the first individual to amass a $200 billion fortune in 2020. Bezos’ wealth has decreased recently as a result of Amazon’s stock price coming back to earth.
Elon Musk is currently the richest man in the world.
The Rich Get Richer
The median net worth of the wealthiest billionaires has increased dramatically over time.
The majority of fortunes are invested in business equity, real estate, and publicly listed equities, all of which have benefited from the age of cheap money and ultra-low interest rates.
The median net worth of the top 10 billionaires increased by almost triple during the course of a decade, from $39 billion to $115 billion.
In fact, Jeff Bezos, who replaced Bill Gates at the top of the list in 2018, was the first billionaire to reach the $100 billion mark. But today, all but two of the top 10 richest people are centibillionaires.