Forbes unveils 36th Annual World’s Billionaires List

Elon Musk, Tesla and SpaceX founder

© APA | Elon Musk, Tesla and SpaceX founder

# 05 April 2022 15:54 (UTC +04:00)

Forbes’ 36th annual World’s Billionaires List, released today, reveals 2,668 billionaires, including 236 newcomers—far fewer than last year’s 493, APA-Economics reports citing Forbes.

Elon Musk tops the World’s Billionaires ranking for the first time ever, with an estimated net worth of $219 billion. Altogether the total net worth of the world’s billionaires is $12.7 trillion, down from last year’s $13.1 trillion.

Following last year’s record-breaking number of billionaires, the past 12 months have proven to be more volatile. The number of billionaires fell to 2,668, down from 2,755 last year. A total of 329 people dropped off the list this year—the most in a single year since the 2009 financial crisis.

“The tumultuous stock market contributed to sharp declines in the fortunes of many of the world’s richest,” said Kerry A. Dolan, Assistant Managing Editor of Wealth, Forbes. “Still, more than 1,000 billionaires got wealthier over the past year. The top 20 richest alone are worth a combined $2 trillion, up from $1.8 trillion in 2021.”

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