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The Richest People in the World in 2022 – Visual Capitalist
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The Richest People in the World in 2022
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Today, the 10 richest people in the world control $1.3 trillion in wealth.
This scale of wealth is equal to approximately 1.4% of the world economy, Amazon’s entire market cap, or spending $1 million a day for 3,000 years. In fact, it’s double the amount seen just two years ago ($663 billion).
As billionaire wealth accumulates at a remarkable speed, we feature a snapshot of the world’s richest in 2022, based on data from the Forbes Real-Time Billionaires List.
Elon Musk, with a fortune of $212 billion, is the richest person on the planet.
Tesla delivered nearly one million vehicles globally in 2021. Despite facing a computer chip shortage, Tesla deliveries rose 87% year-over-year. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. It spans 119 meters tall.
Here are the richest people in the world, based on data as of March 14, 2022:
With a net worth of $168 billion, Jeff Bezos falls in second place. Bezos is the only billionaire in the top 10 to see a decline in wealth (-$9 billion) over the year. Since last March, Amazon shares have risen just 3% in light of weaker earnings and lagging retail performance.
Most notably, Mark Zuckerberg, CEO of Meta (formerly Facebook) fell off the top 10 for the first time since 2016. Meta shares plunged after reporting the first-ever drop in global daily active users since 2004.
Among the 10 richest people in the world, here’s who saw their wealth rise the fastest:
Musk saw his fortune rise more than any other in this top 10 list. In 2021, Tesla became a trillion-dollar company for the first time, and Musk’s wealth jumped by 29% over the past year.
At least 10 people worldwide have seen their wealth climb into the billions thanks to the stratospheric rise of cryptocurrencies.
Sam Bankman-Fried, founder of the FTX crypto derivatives exchange, is at the top, with a jaw-dropping $24 billion net worth. Bankman-Fried launched the exchange in 2019 when he was 27.
FTX now has one million users and a $32 billion valuation.
Following Bankman-Fried is Brian Armstrong, the co-founder of cryptocurrency exchange Coinbase. It is the second-largest cryptocurrency exchange globally after Binance.
Also on the list are co-founders of Gemini cryptocurrency exchange Cameron and Tyler Winklevoss, each with a net worth of $4 billion. Like their rival, Mark Zuckerberg, they have their sights on building a metaverse.
Will billionaire wealth continue to accumulate at record rates? If the invasion of Ukraine presses on, it will likely have broader structural outcomes.
Some argue that war is a great leveler, a force that has reduced wealth inequality, as seen in the aftermath of WWII. Others suggest that it increases wealth divergence, especially when the war is financed by public debt. Often, costs have become inflated due to war, putting pressure on low and middle-income households.
Whether or not the war will have lasting effects on wealth distribution is an open question, however, if the pandemic serves as any precedent, the effects will be far from predictable.
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Russian billionaires have lost more than $38 billion in 2022 because of Western sanctions on Russia in reprisal for the invasion of Ukraine.
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Russia’s richest individuals have lost more than $38 billion in 2022 because of Western sanctions on Russia in reprisal for the invasion of Ukraine.
Together, the top 10 Russian oligarchs have a net worth of $186 billion, equivalent to the market cap of large publicly-traded companies like McDonald’s and AMD.
But who are the Russian ultra-rich? In today’s graphic, we use data from Bloomberg’s Billionaires Index to show Russia’s richest individuals… and how much they’ve lost due to the war so far.
The richest person in Russia, Vladimir Potanin, has a 35% stake in Moscow-listed Nornickel.
The company is the world’s biggest producer of palladium, a metal used in vehicle catalytic converters, and also the world’s largest producer of nickel, an essential metal for EV batteries and renewable energy.
*Based on Bloomberg Billionaires Index, as of March 24, 2022
Former First Deputy Prime Minister of Russia and a close associate to President Vladimir Putin, Potanin is a major benefactor of the arts. He recently stepped down from the board of the Guggenheim Museum, after 20 years as a trustee.
Arts and luxury are common among the Russian oligarchs.
The Russian ultra-rich are also among the biggest owners of private jets and superyachts—some of which are getting snagged by law enforcement as part of the sanctions designed to crack down on Russia.
The fifth-richest man in Russia, Alisher Usmanov, owns Dilbar, the largest motor yacht in the world by gross tonnage. The boat is 512-feet long and reportedly cost $800 million, employing 84 full-time crew members.
Named after Usmanov’s mother, the yacht was seized by German authorities who later discovered that it’s really owned by a Malta-based firm and registered in the Cayman Islands.
Besides art and luxury, the Russian oligarchs are also deeply involved with sports.
Roman Abramovich, once Russia’s richest man, is the departing owner of Chelsea Football Club, a London-based soccer team. He was sanctioned by the UK while trying to sell the club for $3.9B.
Besides Abramovich, Mikhail Prokhorov—founder of Onexim Group, a Moscow-based company with interests in banking, insurance, and real estate—owned the Brooklyn Nets basketball team and its home arena from 2009 to 2019.
The list also includes Vladimir Lisin, chairman of the steel group NLMK. A shooting sports enthusiast, he is the president of the European Shooting Confederation.
This is not the first time Russian oligarchs have faced tough economic sanctions. Since the Russian annexation of Crimea in 2014, 20 Russian billionaires have been sanctioned by the EU, U.S., U.K., Switzerland, or Canada.
Most of them have real estate ownership in relatives’ names or have assets registered in tax havens like the British Virgin Islands or the Isle of Man.
For example, upon being hit by sanctions, steel baron Alexey Mordashov transferred his majority stake in gold miner Nordgold to his wife, Marina.
Despite the crash of the ruble and the tanking of the Moscow stock market, Russian oligarchs are still able to shield their money and assets in creative ways.
From Warren Buffett to Elon Musk, this graphic shows the world’s billionaires based on their top sectors, residence, and net worth.
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What similarities do the world’s billionaires share? What are their differences?
At the age of 12, Elon Musk built his first video game. Similarly, Mark Zuckerberg shared an interest in computer programming, building a simple messaging platform at the same age. The co-founder of Oracle, Larry Ellison, developed programming skills at college. All three span different generations and made their fortunes in tech.
In this infographic from BusinessFinancing.co.uk, we explore some characteristics of billionaires across generations, including their average net worth, top sectors, number of children, and most common city of residence.
Using data from Forbes here is how each generation of the world’s billionaires break down.
Silent Generation billionaires are the wealthiest on average across generations. With CEO of Berkshire Hathaway Warren Buffett and Zara founder Amancio Ortega among its ranks, Silent Generation billionaires are most likely to be in finance, fashion, and real estate industries.
| Top 5 | Sector | % |
|---|---|---|
| 1 | Finance & Investments | 15.5% |
| 2 | Fashion & Retail | 12.4% |
| 3 | Real Estate | 9.8% |
| 4 | Food & Beverage | 9.0% |
| 5 | Manufacturing | 9.0% |
Media mogul Rupert Murdoch, who owns The Wall Street Journal, Fox News, and The New York Post, is also part of this group. He has a net worth of $13 billion.
Like the Silent Generation, billionaire Boomers are most likely to be in finance. Stephen Schwarzman, founder of private equity firm Blackstone Group, R. Budi Hartono, the richest person in Indonesia, and Ray Dalio, head of Bridgewater Associates, all fall into this generation.
Boomer billionaires are much less likely to be in the tech industry, though Jeff Bezos and Bill Gates have amassed their fortunes in this area.
| Top 5 | Sector | % | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Finance & Investments With a net worth of $150 billion, LVMH chair Bernard Arnault is the second richest person in the world. Francoise Bettencourt-Meyers, vice-chairwoman of L’Oreal, ranks 12th. Both fashion conglomerates are based in France and helmed by billionaire Boomers. The world’s billionaires in Gen X are not only predominantly in tech, but are most likely to live in Beijing, China. Ma Huateng, founder of social media conglomerate Tencent Holdings, created instant messaging platform QQ in his early 20s. Colin Huang built one of China’s largest e-commerce platforms, Pinduoduo, in 2015.
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