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The business has helped him earn a lot to become one of the richest men in Nigeria. Aliko Dangote has earned so much money through his business which has helped him become the richest man in Nigeria at 63 years. Aliko Dangote is the richest man in Nigeria among the top ten richest men and women in Nigeria, with a vast net worth of around $12 billion.

The businessman worked as a tax consultant for the International Monetary Fund. As an investor, Jimoh Ibrahim has diverse interests in oil, aviation, banking, real estate, publishing and the media industry. Before Jimoh Ibrahim became one of the richest persons in Nigeria, he studied law at Obafemi Awolowo University. Folorunsho Alakija was once Forbes 20th richest person in Africa but was dropped off in 2021. Generally, Otedola has so many other businesses that fetch him huge money, which has helped him rank as the fourth richest man in Nigeria. Abdul Samad Rabiu is currently the Nigerian Bank of Industry chairman, the oldest and largest financial institution in Nigeria. All these have helped him become the third richest man in Nigeria.

SpaceX, founded in 2002, is the world’s second most valuable private company. The following table lists the richest Americans by their net worth and the industry in which they earned their fortune. Bernard Arnault with a wealth of $166.4 billion is the third richest billionaire in the world.

Net Worth: $65 9 Billion

As of 2022, Zhong Shanshan’s net worth is estimated to be $65.9 billion. As of 2022, Gautam Adani’s net worth is estimated to be $65.8 billion. Adani is the founder and current chairman of the Adani Group, an Ahmedabad-based multinational conglomerate involved in port development and operations in India. Phil Knight is an American business magnate and philanthropist. Knight co-founded Nike Inc and currently serves as chairman of the company.

Over 630 billionaires have a combined wealth of $3.584 trillion dollars. March 18 is used as the unofficial beginning of the pandemic because by then most federal and state economic restrictions responding to the virus were in place. Moreover, March 18 was also the publication date of Forbes’ annual billionaires report in 2020. It provided a detailed baseline that ATF and IPS have been comparing periodically with real-time data from the Forbes website. Elon Musk of Tesla and SpaceX fame is not only beating Jeff Bezos in space, he has rocketed past him in the billionaires club.

Shocking Facts About The Worlds Richest Billionaires

And, last month, he became a father for the eighth time, when he and his now-ex-partner, Canadian musician Grimes, welcomed a baby girl. The couple’s first child, a son, was born in 2020, and Musk has had six other children with his ex-wife, author Justine Wilson, one of whom died as an infant. When Forbes reached out to Musk for a comment on the news of his rise to the top of the list, the noted pot-stirrer responded with a brief email. Nassef Sawiris, an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons. Most of these people came up on the horizon of the wealth due to the hard work, wisdom and their farsightedness; further, they are blessed with the Goddess of wealth. Most of them are kind and large hearted, peace lovers and generous.

• Aged 26, eight days younger than Zuckerberg, he debuted at number 420 with an estimated fortune of $2.7 billion.
• Since stock prices fluctuate rapidly, an individual’s true wealth and ranking at the time of publication may vary from their situation when the list was compiled.
• In comparison, Musk, the world’s richest man, has lost $62 billion, while Gates has lost a comparatively modest $12.5 billion.
• He owns the Asia’s best and largest real estate company where everything looks safe and reliable.
• Privately held companies are priced by the prevailing price-to-sales or price-to-earnings ratios.
• Some of the richest people in the world were college dropouts or even high school dropouts.

We’re all aware of who Nike is, even when we’re only shown the logo. As of 2022, MacKenzie Scott’s net worth https://www.bookstime.com/ is estimated to be $57.5 billion. As of 2022, Michael Dell’s net worth is estimated to be $52.4 billion.

Even so, Arnault’s wealth is down $10.5 billion this year, with LVMH share prices down 5% amid a broader market rout. The losses sent the fortune of the world’s richest person, Elon Musk, down to an estimated $243 billion — some $27 billion lower than at the start of the year, according to the Bloomberg Billionaires Index. It’s also nearly $100 billion lower than November, when Musk’s net worth peaked at $335 billion.

Mark Zuckerberg

Bill Gates is an American business tycoon, software developer, author, and philanthropist with a net worth of $132.2 billion. He is co-founder of the world’s largest Multinational software company Microsoft. Jeff Bezos slipped to the third position this year after being the world’s richest for the fourth year running. Celebrity CEO Elon Musk is now the world’s richest person due to an unprecedented rise in the share price of Tesla Inc.

Nineteen months ago, Bezos was nearly five times richer than Musk. Now, after a meteoric eight-fold increase in his wealth, Musk is worth $209 billion and Bezos $192 billion. Bezos’s wealth still grew by a very large 70 percent over the period. This American business magnate is widely regarded as being one of the most successful investors of all time, having amassed a net-worth for $95 billion over the years. He is the chairman, CEO and the largest shareholder of Berkshire Hathaway , and has previously been named by Time as one of the world’s most influential people. If you’re putting together your own list of the world’s billionaires, this man is a crucial addition; and if you want to learn how to invest like the man himself, we’ve got you sorted there. At age 49, Elon Musk has achieved more than most of us could muster in several lifetimes.

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

This is an estimated increase of $1.5 trillion during the pandemic looking at both UBS and Forbes billionaire data from 2019. The combined wealth of U.S. billionaires increased by $850 billion since March 18th, 2020, the beginning of the pandemic, an increase of over 28 percent. By around March 18 most federal and state economic restrictions in response to the virus were in place. Combined, just the top 10 billionaires are now worth top 5 richest people more than $1 trillion. U.S. billionaires’ pandemic-era wealth growth comes on top of a 19-fold increase in billionaire wealth over 31 years—from an inflation-adjusted $240 billion in 1990 to $4.56 trillion in 2021. Although some billionaires saw their net worths decline amid the pandemic, most got richer, Forbes reported. In fact, 250 people who had lost their billionaire status in previous years returned to ranking in 2021.

The most direct approach is an annual wealth tax on the biggest fortunes, proposed by Senators Elizabeth Warren and Bernie Sanders, among others. Another option is the annual taxation of investment gains on stocks and other tradable assets, an idea advanced by the new Senate Finance Committee chair, Ron Wyden.

Mark Zuckerberg: $106 Billion

He is also the owner of the LA Clippers of the National Basketball Association. He is chairman and CEO of the multinational holding company, “Berkshire Hathaway” which is the proud owner of more than 60 companies. Geico insurance, Duracell, Dairy Queen Restaurant are some of his famous companies where his company holds major shareholding. Elon Musk holds a 23% stake in Tesla, an electric car company that he co-founded in the year 2003, that contributes more than 67% of his net worth according to Forbes. The rest of his net worth is linked to the fortunes of rocket company SpaceX which is valued at $100 billion.

• However, there are still some rich Personalities present in Pakistan.
• In the wake of the Financial crisis of 2007–2008, the world’s billionaires lost $2 trillion in net worth and the list became 30% smaller than the previous year’s list.
• Larry Ellison, the founder of Oracle, rounded off the top five.
• As of October 2021, the increase in their combined wealth stood at $2.1 trillion, according to a report by Americans for Tax Fairness and the Institute for Policy Studies.
• Gabrielle joined GOBankingRates in 2017 and brings with her a decade of experience in the journalism industry.
• Over the years, Oracle has become an incredibly successful tech company, now being 39 years old and employing over 136,000 people.

This troubling juxtaposition underscores the story of unequal loss and sacrifice during the worst pandemic in a century. While billionaires have seen their wealth surge, millions have lost their lives and livelihoods. In 1987, there were just 140 billionaires in the world, worth a combined $295 billion. There are now 2,755 billionaires, worth a combined $13.1 trillion. There are currently 2,755 billionaires in the world, worth a collective $13.1 trillion, Forbes reported. This small fraction of the population has reached levels of wealth most of us can’t even fathom, and this lack of attainability makes being a billionaire all the more fascinating. Google LLC co-founder Larry Page is fifth on the list, with a net worth of $123 billion.

Together, we have been publishing regular updates on billionaire wealth that can be found here. At the global level, billionaires are big winners during the Covid-19 pandemic. According to a recent UBS report, the roughly 2,189 global billionaires now have $10.2 trillion.

Net Worth: $59 Billion

Bloomberg is now 74 years old and one of the richest people in the world. Overall, just 12 percent of the list lost wealth since 2009, and 30 people fell off the list. Steve Forbes said the growing number of billionaires was a clear sign that the world’s economy was recovering from 2009’s global financial crisis.

Nigerian Celebrities With The Most Expensive Mansions

American investor Warren Buffett was in the top five for the 20th consecutive year, placing fourth. America’s Christy Walton was the highest ranking woman, placing ninth overall. Aliko Dangote of Nigeria became the first African to enter the top 25, with an estimated net worth of $25 billion.

The Worlds Youngest Billionaire Is Worth $3 3 Billion

This is a grotesque indicator of the deep inequalities in U.S. society. 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. As the Federal Reserve reported during the week of June 10th, more than $6.5 trillion in household wealth vanished during the first three months of this year as the pandemic tightened its hold on the global economy. On March 18, 2020, U.S. billionaires had combined wealth of $2.947 trillion.