2022 World’s Top 5 Wealthiest Tycoons – And interesting facts about each.

Net worth
Net worth

Last year was tough for many people due to the global pandemic that affected businesses, livelihood, and the overall economy. Businesses shut down, individuals lost jobs, and the economy witnessed a surge.

However, while many people saw their wealth dwindle, some net worth improved. According to statistics, billionaires grew just like their individual worth.

Forbes reports that there were 2,755 billionaires as of the end of 2021, representing an increase of more than 660. So, who are these super-rich individuals? The following article looks at the top 5 richest people in 2022:

At a Glance

1. Elon Musk – $218.3 billion

2. Bernard Arnault – $188.6 billion

3. Jeff Bezos – $165 .5 billion

4. Bill Gates – $130.7 billion

5. Warren Buffet – $116 billion

1.   Elon musk net worth $ 218.3 billion

Born on June 28, 1971, in Pretoria, South Africa, Elon musk stands proud as the wealthiest person globally in 2022 with a net worth of $ 218.3 billion.

X.com, which later became Paypal, was launched in 1999 and paved his billionaire status. Later on, he co-founded Tesla in 2003 and currently serves as the CEO.

The 50-year-old businessman and entrepreneur has an 18% stock share worth $153 billion. SpaceX, launched in 2002, is yet another company and his private asset worth in Space Exploration Technologies is about $40.3 billion.

Cash-wise, the billionaire has an estimated $3.9 billion.

Elon Musk isn’t new to big monies. He comes from a very wealthy family in South Africa. Selling his start-up company, Zip2, to Compaq Computers made him a multimillionaire while still in his 20s.

Unknown to many people, he holds 3 nationalities: South Africa, Canada, and U.S.

Controversies never seem far from Elon musk. During the pandemic, he openly played down the dangers of Covid 19, as seen in his tweets. Besides, People and corporations have also accused him of not enforcing good work policies and are more focused on making money and not the livelihood of his employees.

2.   Bernard Arnault Net worth $188.6 billion

The second richest person in the world is Bernard Arnault, with a net worth of $188.6 billion. Together with his family, he holds a controlling stake of 97.3% at Christian Dior SE, valued at $130 billion. The French national serves as the CEO and Chair of LVMH, the most valuable luxury good company in Europe.

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The company owns well-known and luxurious brands, including Louis Vuitton, Marc Jacobs, Hennessy, and Sephora. This billionaire’s stake in the company is 41.3%, with his family controlling 6%. However, most of his wealth comes from Christian Dior SE.

The billionaire’s other assets include $24.4 billion public assets in Moelis $ Company equity, Hermès equity, and $10.9 billion in cash.

Arnault is 72 years old and was born in Paris, France. A trained engineer who spent a good chunk of time working in his father’s firm, Ferret-Savinel, learned the business acumens at an early age.

The business mogul took charge of the construction company in 1971 and later transitioned the firm to Férinel Inc, a real estate company in 1979.  

A term “Wolf in Cashmere” is synonymous with Arnault Bernard. Some individuals accuse the billionaire of using wolf skin in his business, while others claim he is ruthless and a jerk. Despite his immense wealth, it’s reported that he is against taxing the wealthy.

The billionaire and founder, Amazon. Jeff Bezos

3.   Jeff Bezos net worth of $165.5 billion

With a net worth of $165.5 billion, Jeff Bezos is the third-richest man in the world. The billionaire is the Founder and Executive Chair of Amazon, the largest online retailer globally, and holds a 10% stake worth $153 billion.

His private company stake in Blue Origin is $9.15 billion and $250 million personal asset in The Washington Post. Estimates put his cash to be around $15.6 billion.

Soaring demand occasioned by for COVID-19 pandemic led to a surge in online shopping. The Amazon share price rose 76% in 2020, earning him more money.

Despite being 58 years old, Bezos loves the flashy and affluent lifestyle. Talk about super expensive ships and yachts, lavish homes spread out worldwide, designer watches, and more.

While rich folks own a single airplane, Jeff Bezos owns two customized Gulf Stream G650ER private jets. Each plane has a market value of about $150 million (£115 million).

After divorcing his wife, MacKenzie Scott, married from 1993 to 2019, he settled for Lauren Sánchez, who loves glamorous life. The two regularly take luxurious trips all over the world.

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Controversy and Bezos seem very close. Recently, reports brought to light protestors threatening to pelt Bezos £400m super yacht with eggs because of the council’s plan to dismantle a bridge to allow the boat to reach the sea.”

From selling books from a garage, Jeff Bezos now commands one of the largest multinational technology companies in the world.

Bill Holds the fourth position with a Net worth of $130.7 billion

4. Bill Gates Net Worth: $130.7 billion

Once the richest person in the world for several years, Bill Gates holds the fourth position. The drop, however, isn’t because of tough economic times but rather cutting down on investments and channeling more money to philanthropy work.

The 66-year-old entrepreneur and investor’s net worth is $ 130 billion.

With Paul Allen, his childhood, Mr. Gates co-founded Microsoft Corporation on April 4, 1975, and ran operations from his parent’s garage. Currently, he has a 1.3% stake at the firm worth $30.4 billion and $60 billion in private and public assets held at Cascade Investments LLC.

With around $55.5 billion in cash, Gates has no trouble finding his super-rich lifestyle, including buying humongous pieces of land.

Microsoft, the largest software firm globally, produces personal computers, provides email services, publishes books, and sells video game systems.

Bill Gate’s philanthropic work is well known through Gates Learning Foundation and William H. Gates Foundation. The organizations tackle issues like fighting malaria and polio, especially in Africa, tackling Ebola, and combating the Covid-19 pandemic.

The recent divorcé from his wife Melinda Gates brought some strange things about the billionaire. Gate’s has a thing for women and was even caught in compromising situations at Microsoft. The entrepreneur and philanthropist also loved wild parties.

Being a strong proponent of working hard, the Microsoft co-founder states he won’t leave a massive inheritance to his 3 children, Jennifer, Phoebe, and Rory.

Despite dropping out from the prestigious Harvard University in 1975, Bill Gates has shown that making it in the world is possible with determination and hard work.

5. Warren Buffet Net Worth: $116 billion

Warren Buffet is a familiar name in the richest people in the world lists. As many people refer to him, the Oracle of Omaha has a net worth of $116 billion and is regarded as among the most successful investors to date.

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The billionaire founded and runs Berkshire Hathaway, an investment firm owning more than 60 companies worldwide. Geico insurance, Dairy Queen Restaurant, Wells Fargo and Duracell are some of the famous ones contributing to his ever-growing wealth portfolio.

Guided by the “KISS or Keep It Simple Stupid” principle, the 91-year old investment guru has turned around poorly performing companies into some of the most profitable companies. According to him, you can only become successful if you fully understand a concept or market.

Also, it would help if you only dealt with someone you fully trust. Such principles, according to him, minimize risk exposure and build confidence over time.

Buffet is a former U.S. congressman’s son, and his business drive began quite early. Aged 11 years, he successfully purchased his first stock, which started the wealth creation journey.

The investment magnate has a 16% stake at Berkshire Hathaway worth $114 billion and about $1.13 billion in cash.

Unlike most other super-wealthy individuals, Mr. Buffet has steered clear of controversies, at least most of the time. However, in 2006, Berkshire Hathaway subsidiary General Re was accused of working with AIG in scammy finite risk insurance.

Conclusion

Surging cryptocurrencies, increasing online purchases, and skyrocketing stock prices are some leading courses of the growing number of billionaires. Once the richest individual in the world for four years running, Jeff Bezos enjoyed a boom in sales and revenue from Amazon.

The surging price of Tesla Motor Corporation increased the net worth of Elon Musk. At the same time, Bernard Arnault’s luxury designer goods company LVMH witnessed successful sales and a rise in stock price. The billionaires are super-wealthy and yield lots of power concerning politics, economics, and philanthropy. If the recent happenings are anything to go by, their wealth will continue to increase.

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