Every year, the list of rich people in the world changes based on who joined the list of who made more money or who lost some money.
These factors always cause a reshuffle in the positions of those on the list of rich people in the world.
People on this list are mostly individuals who saw a big opportunity in something and invested in it which has paid off.
Forbes released a new list of richest people in the world and below are those who made it to the updated list and a brief summary about who these people are.
1. Elon Musk:
Elon Musk is leading the pack with $218.3 billion.
Elon Musk is making a lot of money by trying to change the face of transportation through his electric car manufacturing company, Tesla and space rocket makers with SpaceX.
Elon Musk’s Tesla is valued at $800 billion whiles SpaceX is estimated to be worth $100 billion.
Tesla was ranked as the most valuable automaker in 2021.
2. Bernard Arnault & Family:
Bernard Arnault is a French businessman and he achieved the $100 billion fortune in December 2021.
Bernard Arnault is known to own a business empire spread across Europe.
He is the richest man in Europe.
He is also known to have 70 brands under his business empire, including the famous brand Louis Vuitton.
His net worth is estimated to be $188.6 billion.
3. Jeff Bezos:
Jeff Bezos is the founder and owner of the biggest online shop in the world, Amazon.
Currently, with a net worth of $165.5 billion, Jeff Bezos started Amazon from his garage in Seattle in 1994 and it has grown to be what it is today.
Jeff Bezos made his biggest profits during the height of the corona virus pandemic as a lot of people resorted to online shopping when shops were closed.
4. Bill Gates:
Bill Gates has a net worth of $130.7 billion.
The father of Microsoft after selling almost all his shares in Microsoft and leaving just 1% to himself, invested the proceeds of his shares in other businesses and he joined the $100 billion club in April 2021.
5. Warren Buffet:
Warren Buffet is worth $111.1billion. As a son of a former United States congressman, Warren Buffet bought his first stock at the age of 11.
He currently owns and runs the Berkshire Hathaway empire which has over 60 companies under its umbrella.
6. Larry Page:
Larry Page is the founder of the famous Google and takes sixth place with a net worth of $111 billion.
7. Larry Ellison:
Formerly the CEO of Oracle, he is worth $108.2 billion. He quit the position of the CEO of Oracle in 2014 and he is currently the chairman of the company’s board and the chief technology advisor.
In December 2018, Larry Ellis bought 3 million shares of Tesla and has since been on the board of Tesla.
8. Sergey Brin:
Sergey Brin can boast of $107.1 billion. He is the co-founder of Google and currently a board member of Alphabet.
9. Mark Zuckerberg:
Mark Zuckerberg is the co-founder, CEO and chairman of Facebook. He is worth $104.6 billion.
10. Steve Ballmer:
Steve Ballmer is the CEO of Microsoft. His net worth is $95.7 billion.