Top 10 Richest Man in the World 2022: Rich persons play a huge role in shaping the global economy, politics and philanthropy. So the wealthiest of them belong to an even more exclusive club and wield still more power. And many of these billionaires are founders of technology giants, with most of their wealth still invested in the companies they started.
However, they can still borrow against that money to avoid selling taxes on unrealized capital gains, and deferred (or abolished to heirs) taxes in the process. So multi-billionaires can also take advantage of tax deductions to offset reported income, with some of the people on this list being paid no income tax in recent years. And with so much of their wealth in publicly traded stocks, the net worth of the richest people can fluctuate with market valuations.
List of Top 10 Richest Man in the World 2022
10. Steve Ballmer
- Age: 66
- Residence: Washington
- Owner: Los Angeles Clippers
- Net Worth: $90.7 billion
- Microsoft Ownership Stake: 4% ($81.7 billion total)
- Other Assets: Los Angeles Clippers ($3.16 billion private asset), $5.8 billion in cash
Steve Ballmer joined Microsoft in 1980 when Bill Gates convinced him to drop out of Stanford University’s MBA program. He was the 30th employee of Microsoft. He succeeded Gates as CEO of Microsoft in 2000. And he remained in this position until he stepped down in 2014. Ballmer oversaw Microsoft’s $8.5 billion purchase of Skype in 2011.
Ballmer owns an estimated 4% of Microsoft, making him the software giant’s largest individual shareholder. And in 2014, shortly after stepping down as CEO of Microsoft, Ballmer bought the Los Angeles Clippers basketball team for $2 billion.
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9. Larry Ellison
- Age: 78
- Residence: Hawaii
- Co-founder, Chair, and CTO: Oracle (ORCL)
- Net Worth: $92.7 billion
- Oracle Ownership Stake: 40%+ ($62.8 billion)
- Other Assets: Tesla equity ($12.2 billion public asset), $17.1 billion in cash and real estate
Ellison was born in New York City to a 19-year-old single mother. And after dropping out of the University of Chicago in 1966, Ellison moved to California and worked as a computer programmer. Then in 1973, he joined the electronics company Ampex, where he met future partners Ed Oates and Bob Miner. Then three years later, Ellison moved to Precision Instruments, serving as the company’s vice president of research and development.
In 1977, Ellison founded Software Development Laboratories with Oates and Minor. So two years later, the company released Oracle, the first commercial relational database program to use the Structured Query Language. The 80 database program proved so popular that SDL would change its name to Oracle Systems Corporation in 1982. Ellison left the role of CEO at Oracle in 2014 after 37 years. He joined the board of Tesla in December 2018.
8. Sergey Brin
- Age: 49
- Residence: California
- Co-founder and Board Member: Alphabet (GOOG)
- Net Worth: $94.4 billion
- Alphabet Ownership Stake: 6% ($80 billion total)
- Other Assets: $14.4 billion in cash
Sergey Brin was born in Moscow, Russia, when he was six years old in 1979, he moved with his family to America. After co-founding Google with Larry Page in 1998, Brin became Google’s technology president after Eric Schmidt took over as CEO in 2001. After being founded in 2015, he served in the same position at Alphabet Holding Company, stepping down in 2019 when Sundar Pichai took over as CEO.
In addition to its major Internet search engine, Google offers a suite of online tools and services known as Google Workspaces, which include Gmail, Google Drive, Google Calendar, Google Meet, Google Chat, Google Docs, Google Sheets, Google Slides, and more.
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7. Warren Buffett
- Age: 92
- Residence: Nebraska
- CEO: Berkshire Hathaway (BRK.A)
- Net Worth: $102 billion
- Berkshire Hathaway Ownership Stake: 16% ($95.7 billion)
- Other Assets: $1.05 billion in cash
The most famous living value investor, Warren Buffett, at age 14, filed his first tax return in 1944, declaring his boyhood earnings from the paper route. At first, he bought shares in a textile company called Berkshire Hathaway in 1962, becoming the majority shareholder by 1965. Then he expanded the company to insurance and other investments in 1967. Now Berkshire Hathaway is a 705 billion dollar market cap company with one share. Stocks (Class A shares) are trading at over $439,000 as of August 5, 2022.
Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who has made his fortune by acquiring undervalued companies. And more recently, Berkshire Hathaway has invested in large, well-known companies. Hence its portfolio of wholly owned subsidiaries includes interests in insurance, energy distribution and railroads as well as consumer products. Buffett is a famous bitcoin sceptic
6. Larry Page
- Age: 49
- Residence: California
- Co-founder and Board Member: Alphabet (GOOG)
- Net Worth: $98.7 billion
- Alphabet Ownership Stake: 6% ($84.4 billion total)
- Other Assets: $14.4 billion in cash
Like many of the tech billionaires on this list, Larry Page began his way to fame and fortune in a college dorm room. While attending Stanford University in 1995, Page and his friend Sergey Brin came up with an idea to improve Internet data extraction. The two devised a new search engine technology they named BackRub, named after its ability to analyze backing links. From there, Page and Brin found Google in 1998, with Page serving as the company’s CEO until 2001, and again between 2011 and 2019.
5. Bill Gates
- Age: 66
- Residence: Washington
- Co-founder: Microsoft (MSFT)
- Net Worth: $114 billion
- Microsoft Ownership Stake: 1.3% ($26.4 billion)
- Other Assets: Cascade Investment LLC ($51.7 billion public assets), $54.2 billion in cash
While attending Harvard University in 1975, Bill Gates went to work with his childhood friend Paul Allen to develop new software for the original microcomputer. Following the success of the project, Gates dropped out of Harvard during his junior year and founded Microsoft with Allen.
The world’s largest software company, Microsoft also manufactures its own line of personal computers, publishes books through Microsoft Press, provides email services through its Exchange servers, and sells video game systems and related peripheral devices.
Originally Microsoft’s chief software architect, Gates moved to the role of board chair in 2008. He joined the board of Berkshire Hathaway in 2004. And he resigned from both boards on March 13, 2020.
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4. Bernard Arnault
- Age: 73
- Residence: Paris
- CEO and Chair: LVMH (LVMUY)
- Net Worth: $132 billion
- Christian Dior Ownership Stake: 97.5% ($107 billion total)
- Other Assets: Moelis & Company equity ($19.8 billion public asset), Hermès equity (undisclosed stake), and $9.1 billion in cash
A french citizen Bernard Arnault is the president and CEO of LVMH, the world’s largest luxury goods company. And LVMH owns brands including Louis Vuitton, Hennessy, Marc Jacobs and Sephora.
Most of Arnault’s wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.2% of LVMH.
His shares in Christian Dior SE, as well as an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe familial Arnault.
3. Gautam Adani
- Age: 60
- Residence: Gurgaon, India
- Founder and Chair: Adani Group
- Net Worth: $141 billion
- Adani Enterprises, Power. and Transmissions Ownership Stakes: 75% each ($81.4 billion)
- Other Assets: 65% of Adani Ports & Special Economic Zone ($12.9 billion public asset), 61% of Adani Green Energy ($27.6 billion public asset), 37% of Adani Total Gas ($18.2 billion public asset)
Adani Group founder Gautam Adani surpassed Mukesh Ambani as Asia’s richest person in March 2022. Adani, through its ownership of the Adani Group, holds major stakes in six major Indian companies, including a 75% stake in Adani Enterprises, Adani Power and Adani Transmission, as well as a 61% stake in Adani Ports and Special Economic Zones. % stake in Adani Green Energy, and 37% stake in Adani Total Gas
2. Jeff Bezos
- Age: 58
- Residence: Washington
- Founder and Executive Chair: Amazon (AMZN)
- Net Worth: $151 billion
- Amazon Ownership Stake: 10% ($127 billion)
- Other Assets: Blue Origin ($9.15 billion private asset), The Washington Post ($250 million private asset), and $14.5 billion in cash
In 1994, Jeff Bezos joined hedge fund giant D.E. and Founded Amazon.com in a garage in Seattle soon after resigning. Shaw.
He originally hired his former boss David E. Shaw, who was not interested.
Although Amazon originally started selling books, it has since grown into a one-stop shop for everything and is arguably the largest retailer in the world. Amazon’s continued diversification pattern is evident in some of its unexpected expansions, including acquiring Whole Foods in 2017 and entering the pharmacy business in the same year.
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1. Elon Musk
- Age: 51
- Residence: Texas
- Co-founder and CEO: Tesla
- Net Worth: $241 billion
- Tesla Ownership Stake: 15% ($108 billion)
- Other Assets: Space Exploration Technologies ($46.9 billion private asset), The Boring Company ($3.33 billion private asset), Twitter ($3 billion public asset), $17.9 billion in cash
Elon Musk was born in South Africa and attended a university in Canada before transferring to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics. Two days after enrolling in an undergraduate physics program at Stanford University, Musk postponed appearances to launch Zip2, one of the earliest online navigation services. And he reinvested a portion of the proceeds from this startup to create X.com, the online payment system that was sold to eBay (EBAY) and eventually became PayPal Holdings (PYPL).
In 2004, Musk became a major funder of Tesla Motors (now Tesla), leading to his current position as CEO of the electric vehicle company.
In addition to its line of electric automobiles, Tesla also produces energy storage devices, automobile accessories, and solar power systems through its 2016 acquisition of SolarCity.
Musk is also the CEO and chief engineer of Space Exploration Technologies (SpaceX), the developer of Space Launch rockets.
FAQs on Top 10 Richest Man in the World 2022
Who is the richest person in the world in 2021?
Bill Gates, the co-founder of the Bill & Melinda Gates Foundation, has a net worth of $113 billion. After founding the software giant Microsoft with Paul Allen, Bill Gates eventually sold most of his stake in the company, retaining only 1% of the shares and investing the remainder in shares and other assets.
Who is the trillionaire 2022?
Elon Musk is most likely to become the world’s first trillionaire. What do they attribute to that prophecy? The fact that he has SpaceX. He has already surpassed Jeff Bezos by more than $80 billion, why not keep going until he reaches that trillion mark?
Who is the third richest man in the world?
Another major milestone for Adani Group of Industries founder Gautam Adani has become the third richest person in the world according to the Bloomberg Billionaires Index. Elon Musk retained the top spot with his net worth of $251.4 billion, followed by Jeff Bezos ($153.4 billion) and Mr Adani with $137.4 billion.
Who has the most cash in the world?
Elon Musk, with a net worth of $203 billion, is the richest person on the planet. Tesla delivered a record number of vehicles globally in the first quarter of 2022, despite supply chain constraints.
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