Billionaire Watch
Top 10 Richest People in the World Gained $38.24 Billion on Friday
The top ten richest billionaires in the world saw their combined net worth increase by $38.24 billion on Friday when global equities rebounded following a three-week of decline.
The top ten richest billionaires in the world saw their combined net worth increase by $38.24 billion on Friday when global equities rebounded following a three-week of decline.
Elon Musk’s net worth rose by $7.54 billion to $223 billion, reducing his year-to-date decline from over $50 billion to $46.8 billion. Jeff Bezos, the world’s second-richest man, net worth rose by $4.16 billion to $140 billion on the back of $4.02, or Amazon stock closed at $116.46 a unit on Friday.
Bernard Arnault’s net worth expanded by $5.16 billion from $125.84 billion on Thursday to $131 billion. Bernard Arnault owned a 46.84% stake in LVMH and its stock price rose €21.40, or to €587.40 a unit.
Bill Gates, the former world’s richest man and a shareholder in Microsoft Inc, realised $2.72 billion in Friday’s rally. Presently, Gates’s net worth stood at $116 billion, reducing his year-to-date decline to $21.7 billion.
Alphabet (Google Inc) co-founders, Larry Page and Sergey Brin gained $4.56 billion and $4.34 billion to see their net worths jump to $107 billion and $102 billion, respectively. On Friday, the price of Alphabet stocks appreciated by $114.66, or to $2,359.50 a unit.
Warren Buffett, the largest shareholder in Berkshire Hathaway, recorded a $3.55 billion increase in his net worth to $96.8 billion. Buffet owns a 30.71% stake in Berkshire Hathaway, according to the available information.
Gautam Adani, who recently announced $8 billion donations to mark his 60 birthday, has gained part of that donation back. The billionaire’s total net worth grew by $2.23 billion to $94.9 billion as of Friday.
Adani’s net worth rose the most among the top ten billionaires this year so far. The billionaire’s year-to-date change or increase expanded to $18.4 billion as shown in the table below.
Steve Ballmer, the proud owner of the Los Angeles Clippers Basketball Team, gained $2.82 billion from the Friday rally. Total net worth rose to $94.5 billion.
Mukesh Ambani, the second Indian billionaire on the list, saw his net worth grow by $1.16 billion to join his fellow Indian, Adani as the two billionaires with positive year-to-date returns despite the surge in global uncertainty due to the Russia-Ukraine war. Ambani’s total net worth inched higher to $90.4 billion. See the table below for more details.
Top 10 Richest People in the World
| Rank | Name | Total Net Worth | $ Last Change | $ YTD Change | Country | Industry |
| 1 | Elon Musk | $223B | +$7.54B | -$46.8B | United States | Technology |
| 2 | Jeff Bezos | $140B | +$4.16B | -$52.4B | United States | Technology |
| 3 | Bernard Arnault | $131B | +$5.16B | -$46.7B | France | Consumer |
| 4 | Bill Gates | $116B | +$2.72B | -$21.7B | United States | Technology |
| 5 | Larry Page | $107B | +$4.56B | -$21.9B | United States | Technology |
| 6 | Sergey Brin | $102B | +$4.34B | -$21.4B | United States | Technology |
| 7 | Warren Buffett | $96.8B | +$3.55B | -$12.2B | United States | Diversified |
| 8 | Gautam Adani | $94.9B | +$2.23B | +$18.4B | India | Industrial |
| 9 | Steve Ballmer | $94.5B | +$2.82B | -$11.1B | United States | Technology |
| 10 | Mukesh Ambani | $90.4B | +$1.16B | +$439M | India | Energy |