Forbes publishes a list of multi-billionaires and their net worth every year that determines some of the richest people in the world. This year, there is a new billionaire who tops the list, Elon Musk. The Tesla founder and CEO Musk surpassed Amazon Founder and executive chairman Jeff Bezos to become the richest person in the world in 2022 with an estimated net worth of around $270 billion. Thanks to the surge in Tesla shares, Musk is officially the richest person in the world. Bezos holds the second position whereas LVMH CEO and chair, Bernard Arnault is the third in the world as well as the richest person in Europe. Indian industrialist Gautam Adami is the richest person in Asia surpassing Mukesh Ambani.
Here is the detailed version of the Top 10 richest people in the world.
1. Elon Musk
Tesla Founder and CEO Elon Musk is the richest person in the world. Forbes estimated his net worth at around $270 billion in March 2022. Also, the founder, CEO, and Chief Engineer of SpaceX, Musk’s net worth hit a high of $340 billion in November 2021. Thanks to the massive surge in Tesla shares, and the valuation of SpaceX, Musk’s net worth has increased by 60$ over the last year. Around three-quarters of his wealth comes from Tesla. He also became the first person with a net worth of over $300 billion.
2. Jeff Bezos
Amazon Founder and executive chairman, Jeff Bezos is the second richest person in the world with an estimated net worth of $177 billion. Previously served as the CEO and president of Amazon, he is named the richest man in modern history after his net worth increased to $150 billion. The world’s richest person from 2018 to 2021, Bezos is the first centi-billionaire on the Forbes wealth index. During the COVID-19 pandemic, his wealth grew by $24 billion and his net worth exceeded $200 billion for the first time.
Bezos stepped down from his position as the president and CEO of Amazon in July 2021 and assumed the position of executive chairman.
3. Bernard Arnault
LVMH chairman and chief executive Bernard Arnault is the third richest person in the world with an estimated net worth of $155 billion. He is the richest person in Europe and the richest person in the world coming from a non-technology field. Most of Arnault’s wealth comes from his stake in Christian Dior SE, the holding company that controls 41.3% of LVMH, the world’s largest luxury goods company.
Arnault briefly became the richest person in the world in December 2019 and in January 2020.
4. Bill Gates
Bill Gates was the richest person in the world from 1995 to 2017. As of 2022, Microsoft co-founder Gates is the fourth richest person in the world with an estimated net worth of $129 billion. Credited with the microcomputer revolution in the 1970s and 1980s, he founded Microsoft in Albuquerque in 1975. Microsoft went on to become the world’s largest personal computer software company. Gates served as the chairman and CEO of Microsoft until he stepped down as CEO in 2000. By 2020, he left all his positions at Microsoft to focus on his philanthropic works through his Bill & Melinda Gates Foundation.
Gates held the title of the richest person in the world every year from 1995 to 2017 except from 2010 to 2013.
Gates is known for his philanthropic works. He has donated billions of his wealth to numerous philanthropic works all across the globe. Gates and Warren Buffett founded The Giving Pledge in 2010, where the billionaires pledge to give at least half of their wealth to philanthropy.
5. Larry Page
Google co-founder Larry Page is the fifth richest person in the world with an estimated net worth of around $125 billion. Page served as CEO of Google from its inception in 1998 until 2015. Founded alongside Sergey Brin while they were Ph.D. students at Stanford University, Google focuses on artificial intelligence, search engine, online advertising, cloud computing, computer software, quantum computing, e-commerce, and consumer electronics.
6. Warren Buffett
Berkshire Hathaway chairman and CEO, Warren Buffett is the sixth richest person in the world with an estimated net worth of $117 billion. Considered one of the most successful investors in the world, Berkshire Hathaway wholly owns GEICO, Duracell, Dairy Queen, BNSF, Lubrizol, Fruit of the Loom, Helzberg Diamonds, Long & Foster, FlightSafety International, Shaw Industries, Pampered Chef, Forest River, and NetJets, and also owns 38.6% of Pilot Flying J; and significant minority holdings in public companies Kraft Heinz Company (26.7%), American Express (18.8%), The Coca-Cola Company (9.32%), Bank of America (11.9%), and Apple (6.3%).
Buffett created Buffett Partnership, Ltd in 1956 which later acquired a textile manufacturing firm, Berkshire Hathaway, and diversified it into a holding company. Buffett has been serving as the chairman of Hathaway since 1970.
7. Sergey Brin
One of two Google co-founders, Sergey Brin is the seventh richest person in the world with an estimated net worth of around $115 billion. Together with Larry Page, he co-founded Google in 1998. He served as the president of Google’s parent company, Alphabet Inc. until December 2019.
8. Larry Ellison
Oracle co-founder and CTO Larry Ellison is the eighth richest person in the world with an estimated net worth of $112 billion. Formerly served as CEO of Oracle Corporation, he stepped down from his position in 2014. Oracle is one of the largest software companies in the world by revenue and market capitalization.
9. Steve Ballmer
Former Microsoft CEO Steve Ballmer is the ninth richest person in the world with an estimated net worth of $108 billion. Also the owner of the NBA team LA Clippers, he served as the chief executive officer of Microsoft from 2000 to 2004. Bill Gates hired Ballmer in 1980 and became president in 1998. He eventually became CEO of Microsoft in 2000. He stepped down from his position in 2014 and remained on Microsoft’s Board of Directors.
10. Gautam Adani
Indian industrialist, Gautam Adani, founder and chairman of the Adani Group is the tenth richest person in the world, the richest man in Asia. With an estimated net worth of $100 billion, he surpassed Mukesh Ambani to become the richest man in Asia. He joined the exclusive $100 billion club adding $49 billion to his wealth last year, more than the net addition of wealth by Elon Musk and Jeff Bezos.
Adani Group is an Ahmedabad-based multinational conglomerate involved in port development and operations in India. He has a 74% stake in Adani Ports & SEZ, a 75% stake in Adani Enterprises, and a 74% stake in Adani Power.