Forbes Billionaires 2022
Last week Forbes released its well-followed billionaires list for 2022. Here are some stats.
There are 2,668 billionaires in 2022, 87 fewer than a year ago. Their combined wealth stands at $12.7 trillion, which is $400 billion less than in 2021. But 1,050 billionaires who remained in the list got richer.
Russia saw 34 fewer billionaires after the war broke out and 87 Chinese billionaires left the list due to the stock market slump. The US remains in the lead with the most number of billionaires (735). China is second with 607. Third is India with 166.
While China saw the most billionaire drop-offs, she also produced the most number of new billionaires - 62. This is more than US's 50. One of the newcomers is Chris Xu, the elusive founder of the most valuable unicorn in the world, Shein.
Crypto is still being debated as a legit investment but while people are arguing, there are already 19 billionaires from the crypto world, 7 more than last year.
Zhao Changpeng, the CEO of Binance, is the richest crypto billionaire and 19th richest in the world. He saw his wealth jumped by $63.1 billion to $65 billion in a matter of a year. He is the second billionaire with the biggest wealth jump after Elon Musk (+$68 billion).
Musk took the #1 spot as the richest in the world with $219 billion. Up from second spot in 2021, ousting Jeff Bezos who is now in second spot worth $171 billion. Though their businesses are different, their next pursuits are converging - satellite internet and colonising space: Blue Origin vs SpaceX. A clash of ego is sure to come.
Less than 4% of the billionaires, or 327, are women. The richest woman is L’Oréal heiress Françoise Bettencourt Meyers with $74.8 billion. She's ranked 14th richest in the world. The richest self-made woman is Fan Hongwei with $18.2 billion. She chairs Hengli Petrochemical.
Kevin David Legmann is the youngest billionaire at 19 years old. He inherited a 50% stake in Germany's leading drugstore chain, dm (drogerie markt) in 2017.
It would be interesting to create a Forbes Billionaires ETF where it invests in the publicly listed companies of the richest in the world. Suitable for those who believe in 'the rich gets richer' and at the same time it is as broad as an index fund with thousands of securities in different sectors. Instead of market weighted, it could be 'wealth-weighted'.
The closest example would be Global X Guru ETF $Global X Funds Global X Hedge Fd Top Eq Hldgs Idx Etf (GURU.US)$ but it mainly tracks the buys and sells of well-known hedge funds and institutions, not exactly betting on the companies of the rich.
There are 2,668 billionaires in 2022, 87 fewer than a year ago. Their combined wealth stands at $12.7 trillion, which is $400 billion less than in 2021. But 1,050 billionaires who remained in the list got richer.
Russia saw 34 fewer billionaires after the war broke out and 87 Chinese billionaires left the list due to the stock market slump. The US remains in the lead with the most number of billionaires (735). China is second with 607. Third is India with 166.
While China saw the most billionaire drop-offs, she also produced the most number of new billionaires - 62. This is more than US's 50. One of the newcomers is Chris Xu, the elusive founder of the most valuable unicorn in the world, Shein.
Crypto is still being debated as a legit investment but while people are arguing, there are already 19 billionaires from the crypto world, 7 more than last year.
Zhao Changpeng, the CEO of Binance, is the richest crypto billionaire and 19th richest in the world. He saw his wealth jumped by $63.1 billion to $65 billion in a matter of a year. He is the second billionaire with the biggest wealth jump after Elon Musk (+$68 billion).
Musk took the #1 spot as the richest in the world with $219 billion. Up from second spot in 2021, ousting Jeff Bezos who is now in second spot worth $171 billion. Though their businesses are different, their next pursuits are converging - satellite internet and colonising space: Blue Origin vs SpaceX. A clash of ego is sure to come.
Less than 4% of the billionaires, or 327, are women. The richest woman is L’Oréal heiress Françoise Bettencourt Meyers with $74.8 billion. She's ranked 14th richest in the world. The richest self-made woman is Fan Hongwei with $18.2 billion. She chairs Hengli Petrochemical.
Kevin David Legmann is the youngest billionaire at 19 years old. He inherited a 50% stake in Germany's leading drugstore chain, dm (drogerie markt) in 2017.
It would be interesting to create a Forbes Billionaires ETF where it invests in the publicly listed companies of the richest in the world. Suitable for those who believe in 'the rich gets richer' and at the same time it is as broad as an index fund with thousands of securities in different sectors. Instead of market weighted, it could be 'wealth-weighted'.
The closest example would be Global X Guru ETF $Global X Funds Global X Hedge Fd Top Eq Hldgs Idx Etf (GURU.US)$ but it mainly tracks the buys and sells of well-known hedge funds and institutions, not exactly betting on the companies of the rich.
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