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 3.58% increase in the value of Amazon stock. 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 3.78% on Friday 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 5.11% 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 |
