Top 10 Richest People In The World

top 5 richest people

The future billionaire went on to venture into business which led to his success today. Global Fleet Group has been a good source of income for Jimoh Ibrahim, helping to be among the top richest men and women in Nigeria. Jimoh Ibrahim is the chairman and chief executive officer of Global Fleet Group, a diversified business based in Nigeria operating in African countries, Europe, Asia and many other places in the world.

  • As of 2017, the pledge had 158 signatories, but some of the signatories have since died.
  • On May 4, 2022, as the U.S. crossed the 1 million death mark, according to ananalysis by NBC, 727 U.S. billionaires were worth $1.71 trillion more, according toForbes.
  • Elon Musk is the richest man on the planet and has accumulated much of his wealth having founded Tesla.
  • This was driven by the Russia-Ukraine crisis, Covid-19 pandemic and volatile stock markets, Forbes said in the annual report.

The famous businessman has invested in different areas of the Ghanaian economy, which helped him earn huge money to become the fourth richest man among the top ten richest men and women in Ghana. The famous businessman owns the largest shares in Finatrade, one of the largest food manufacturing and distribution companies in West Africa.

Annual Rankings

Of this group, 29 billionaires have seen their wealth double since March 2020. There are 36 additional billionaires in the U.S. since March 2020. There are 47 new individuals on the list, with 11 going off the list due to death or financial decline.

  • Even though the coronavirus pandemic dealt a heavy blow to the world’s economy, these top richest people in Nigeria still hold their ground on the list of top richest people in Nigeria in 2021.
  • Nike head Phil Knight has nearly doubled his fortune from $29.5 billion to almost $58 billion.
  • Over 86 million Americanshave lost jobs, almost 38 millionhave been sickenedby the virus, and over 625,000 have died from it.
  • Big swathes of business have shut down, including 100,000 restaurants.
  • Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date.
  • Ghana’s stock Exchange ranks as the 5th largest in Africa, a promising rank for such a country that has worked hard to make its country one of the best countries in Africa.

Technology innovators and luxury retail masterminds could help you climb closer to the ranks of the world’s richest billionaires. Adani Group founder Gautam Adani will overtake Mukesh Ambani as Asia’s richest man in March 2022. Adani owns large shares in six important Indian enterprises through his Adani Group, including 75% in Adani Enterprises, 61% in Adani Green Energy, and 37% in Adani Total Gas. He also owns 65% of Adani Ports & Special Economic Zone and 61% of Adani Power. During a post on November 6, 2021, Tesla CEO Elon Musk asked his Twitter followers if he should sell 10% of his company’s stock in response to criticism of unrealized capital gains as a way to evade taxes.

Wealth Builds Wealth: The 2021 Forbes India Rich List In Numbers

The $1.3 trillion wealth gain by U.S. billionaires since March 2020 could pay for a stimulus check of more than $3,900 for every one of the roughly 331 million people in the United States. Republicans in Congress resisted sending families stimulus checks most of last year, claiming we couldn’t afford them. Berkshire Hathaway’s Warren Buffett is worth $101 billion, an increase of 50% during the pandemic. Billionaire wealth has steadily increased since 1990, but one-third of their wealth gains have occurred during the pandemic. Billionaire wealth increased 19-fold over the last 31 years, from an inflation adjusted $240 billion in 1990 to $4.7 trillion in 2021. Restore the top individual tax rate to 39.6 percent and stop avoidance of taxes by wealthy business owners that are used to fund healthcare.These two reformswill together raise $370 billion.

His net worth in 2014 is around $1 Billion, but maybe its over $2 Billion. He is currently the Prime Minister of Pakistan and the leader of country’s largest political party Pakistan Muslim League . He is just not a successful politician, but also a successful industrialist.

The Following Table Lists The Richest Americans By Their Net Worth And The Industry In Which They Earned Their Fortune

Reliance Industries chairman Mukesh Ambani is the world’s eighth-richest person with a net worth of $103bn, according to the real-time Forbes index. The surge in billionaire wealth during a global pandemic underscores the grotesque nature of unequal sacrifice. While millions risk their lives and livelihoods as first responders and front line workers, these billionaires benefit from an economy and tax system that is wired to funnel wealth to the top. Remarkably, 12 billionaires more than doubled their wealth over the last three months. One of them, Trevor Milton, the founder of Nikola Motor that is building semi-trucks powered by batteries and hydrogen, increased his wealth more than five times. Roughly $400 billion, or only a little less than half of the total gains, were captured by just the 15 wealthiest on the billionaires list.

top 5 richest people

A newly proposed tax would also hit America’s roughly 700 billionaires; these households would be subject to a new minimum tax of 20%, ensuring they don’t pay lower tax rates than many lower- and middle-income Americans. Seen here with siblings Rob and Alice, Jim Walton gave away $1.2 billion worth of his Walmart stock in 2019. He reportedly gave it to several charities, including the Bill & Melinda Gates Foundation.

Why Is Personal Financial Education Important?

Warren Buffett, the CEO of Berkshire Hathaway, is one of the few billionaires who has seen his net worth rise this year. Buffett’s wealth is valued at $110 billion — $1.2 billion more than where it was at the start of 2022. Even with a decline in markets, Elon Musk’s wealth increased $3.5 billion in the last week, since May 6. Jeff Bezos’ wealth increased by $900 million and Eric Yuan saw his wealth increase by $800 million. Among other COVID-19 victims are the more than 16 million Americans who have likely lost employer-provided healthcare coverage.

  • His net worth in 2014 is around $1 Billion, but maybe its over $2 Billion.
  • Five states have begun the process of implementing a requirement, with Florida being the most populous state yet to guarantee personal finance education for high schoolers.
  • The former Microsoft CEO and owner of the NBA’s Los Angeles Clippers is $41 billion richer at the end of 2021 than he was at the start of the year.
  • Also on the list are co-founders of Gemini cryptocurrency exchange Cameron and Tyler Winklevoss, each with a net worth of $4 billion.
  • Femi Otedola has divested his interest from Oil to power generation.

The total wealth of this group grew $732 billion, or 30 percent, since the start of the pandemic. This tax would raise $422 billion if it were levied based on today’s wealth. Sanders would top 5 richest people use the revenue to cover the out-of-pocket medical expenses of all the uninsured and the under-insured Medicare beneficiaries over the next 12 months during the COVID-19 crisis.

Elon Musk Is No Longer Part Of The $200 Billion Club As Tesla’s Stock Continues To Slide

Other assets include 65 percent of Adani Ports and Special Economic Zone ($12.6 billion public assets), 61 percent of Adani Green Energy ($23.3 billion public assets), and 37 percent of Adani Total Gas ($13.2 billion public assets). 50 On August 2, 2021, Bill and Melinda French Gates announced their separation. 51 Approximately $5 billion in equity was given to French Gates as a result of the divorce. 36 Gates owns about 268,000 acres of farmland in the U.S., making him the largest private landowner in the country. Over the course of the year, he sold $16.4 billion worth of shares., the online payment system he founded and later sold to eBay Inc. , became PayPal Holdings Inc. when he reinvested a share of the startup’s profits .

top 5 richest people

Over 86 million Americanshave lost jobs, almost 38 millionhave been sickenedby the virus, and over 625,000 have died from it. Nike head Phil Knight has nearly doubled his fortune from $29.5 billion to almost $58 billion. Maybe that’s in part because Nike didn’t pay a dime of federal income taxes in 2020 on its $2.9 billion in profits; and between 2018 and 2020 the corporation paid just a 3.3 percent tax rate on $9 billion in profits.

He is a Lebanese immigrant that arrived in Ghana before the first world war. One of the company’s plants located in Takoradi, Ghana, is valued at $90 million. Plot enterprise company exports its products to the US, Europe, Asia, Australia and the Middle East. All these investments in Trasacco Group have helped Ernesto earn such money to become the richest man in Ghana. Trasacco Group, headed by Ernesto, focuses on Agro Business, construction, mining, design, and real estate development.

Sign up for our daily newsletter for the latest financial news and trending topics. Johnny Depp is an American actor and musician who is one of the biggest stars in the world. Despite all of his professional triumphs, his personal life is currently what’s making the biggest… David is a qualified financial advisor in the Republic of Ireland.

You can learn more about GOBankingRates’ processes and standards in our editorial policy. More recently, Gates has relinquished all duties at Microsoft to focus on philanthropy through the Bill and Melinda Gates Foundation.

  • Ranked #433 on the list is Egypt’s richest person, Nassef Sawiris, who owns 30% of OCI, a Geleen, Netherlands-based fertiliser producer formed out of a demerger from his family’s original business, Orascom Construction.
  • Former Microsoft CEO Steve Ballmer vaulted into the top 10 richest in the world despite losing $16 billion, leaving him at $89.6 billion – after Oracle chief Larry Ellison’s net worth fell to $89.2 billion from a $21.9 billion hit.
  • At $4.1 trillion, the total wealth of America’s 660 billionaires is two-thirds higher than the $2.4 trillion in total wealth held by the bottom half of the population, 165 million Americans.
  • According to Bloomberg’s Billionaires Index, these are the world’s richest persons as of the same day.
  • He owns Jacksonville Jaguars which worth $770 Million, plus a team in English Premier League ‘Fulham F.C’ which worth $300 Million and also He is the owner of Flex – N – Gate.

Since the start of 2022, his net worth has eroded by $21.7 billion. The charity urged governments to levy taxes on capital and wealth in a report – Inequality Kills – intended to coincide with the now-postponed gathering of the global elite at the World Economic Forum in Davos. However, Mr Adani is one of the worlds’ biggest wealth-gainers this year, adding more than $40bn to his fortune as shares of his listed companies skyrocketed, according to Forbes. Charitable giving has become a taxpayer-subsidized extension of private power and influence for the wealthiest people in the country. On March 18, U.S. billionaires had a combined $2.947 trillion, down from $3.111 trillion a year earlier, according to Forbes annual global billionaire issue. May 19, 2020 data was taken from Forbes real-time estimates of worth that day. In a turbulent week across the nation, the wealth of U.S. billionaires surged past half a trillion dollars since the beginning of the pandemic unemployment.

The Adani Group Chairman Has A Net Worth Of $122 8bn And Is One Of The Biggest Wealth

Mark Zuckerberg was one of seven Facebook-related billionaires on the list, as he added $9.5 billion to his net worth to move up to 52nd. Facebook co-founder Dustin Moskovitz was the youngest person on the list. Aged 26, eight days younger than Zuckerberg, he debuted at number 420 with an estimated fortune of $2.7 billion. IKEA founder Ingvar Kamprad was the largest loser as he saw his fortune plummet from $23 billion to $6 billion, dropping him from 11th to 162nd overall. Due to one of the code’s biggest loopholes, increased wealth enjoyed by billionaires and other members of the richest 1 percent—for whom such wealth growth is the primary source of income—can go untaxed forever.

Bernard Arnault & Family

According to Bloomberg’s Billionaires Index, these are the world’s richest persons as of the same day. Ranked #97, Aliko Dangote is Africa’s richest person and controls Dangote Industries, a closely held conglomerate. The Lagos, Nigeria-based company owns sub-Saharan Africa’s biggest cement producer, Dangote Cement, which had revenue of 891.7 billion Naira ($2.5 billion) in 2019. It also has interests in sugar, salt, oil, fertiliser and packaged food. The Bloomberg Billionaires Index is a daily ranking of the world’s richest people.

12 million workers have lost employer-sponsored health insurance during the pandemic as of August 26, 2020. More than it would cost to send a stimulus check of $3,000 to every one of the roughly 330 million people in America. Republicans have blocked new stimulus checks from being included in the pandemic relief package. 12 million workers have likely lost employer-sponsored health insurance during the pandemic as of August 26, 2020. 12 million workers had likely lost employer-sponsored health insurance during the pandemic as of August 26, 2020.

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