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Who Is The Top 20 Richest People In The World – To put it in perspective, this is more than the entire economic output of Sweden, Turkey, or Saudi Arabia. As just one example, Elon Musk has seen his wealth increase by at least 1,116% in the past year and a half. Meanwhile, Amazon’s Jeff Bezos has earned an additional $89 billion.
Using data from Forbes’ Real-Time Billionaires List, we look at how the wealth of various groups of the uber-rich has changed since the start of the pandemic.
Who Is The Top 20 Richest People In The World
Adding to his wealth is the $100 billion worth of SpaceX. Since February, its value has risen to about $25 billion, placing it among the world’s most valuable private companies. Much of Musk’s wealth, however, comes from Tesla, which recently moved its headquarters from California to Austin, Texas.
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Since the beginning of this crisis, Musk has seen his fortune grow faster in 10. In the third quarter of 2021, Tesla’s net income was more than 1.6 billion dollars – a record for the company. This increase helped the entrepreneur become the first person to cross the threshold worth 300 billion dollars.
Once again, Musk surpassed Jeff Bezos as the richest person in the world. This is surprising, because Jeff Bezos’ wealth has increased by more than 79% during that period. Additionally, Zuckerberg, Gates and Buffett all saw double or triple digit growth.
After Musk and Bezos is Bernard Arnault, who is known as “the wolf in Kashmir”. The French giant has saved more than $121 billion for a 43% increase in LVMH’s profits until 2021. Earlier this year, LVMH closed the $15.8 billion purchase of jeweler Tiffany & Co.
On average, the 10 richest have gained 204% during the crisis. Not surprisingly, many are into technology.
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Due to the rapid rise of Fenty Beauty (in which she owns a 50% share), Rihanna becomes the second richest female entertainer in the world, after Oprah with 2.7 billion dollars. The company focuses on inclusion, and offers a variety of products for all skin types. Fenty Beauty, launched in 2017 by LVMH (which owns the other 50% of the shares), is now worth $2.8 billion.
In contrast, last year’s youngest billionaire, Kylie Jenner, fell off the list after allegedly inflating her net worth. Interestingly, the Kardashians took a lot of time to show Forbes their wealth, including sharing their tax returns and invitations to their mansions.
Due to the massive growth of the wealthy in recent years, the concentration of wealth today can be compared to the American Era.
At the time, John D. Rockefeller was the richest man in the world – worth $285 billion in today’s terms. The business generates 1.6% of total US sales. that. Economic production.
The 10 Richest People In The World
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Wealth Position: The World’s Top 50 Foundation Funds Foundations represent the non-profit investment sector. Take a look at the world’s top 50 leaders, who together have more than $1 trillion in assets.
What do Harvard, the Church of England Commissioners, NYC’s Metropolitan Museum of Art, and organizations on behalf of King Abdullah of Saudi Arabia have to do with each other? They all have waqf money.
Endowment funds are part of the investment of non-profit institutions such as universities, charities and churches. The purpose of this fund is to invest the assets of the organization to stimulate future operations and other important projects.
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The world’s largest endowment fund has billions in investable assets, making it a major player in the financial industry. Here, using data from the Sovereign Wealth Fund Institute, we take a closer look at the world’s largest sovereign wealth funds by total assets.
In addition, each endowment fund has a different structure in terms of withdrawals, use of funds and overall investment philosophy.
To put that in perspective, the 50 largest endowment funds represent more than one trillion dollars in assets. Or for a more singular example, look at the Harvard fund, which has an endowment larger than the entire GDP of countries like Serbia, Bolivia or Slovenia.
The largest endowment fund, Ensign Peak Advisors, is based in Salt Lake City, Utah, and manages the assets of the Mormon Church (officially known as The Church of Jesus Christ of Latter-day Saints). The church has more than 16 million members worldwide and is the fourth largest church in America.
The Richest People In The World In 2021, Visualized (updated Nov 2021)
The Japan Science and Technology Agency (JST) is a national research and development agency that plays a primary role in promoting technology, innovation and science in society. In 1995, the Japanese government adopted the Basic Science and Technology Plan and JST became active and now has assets of over 80 billion dollars with offices in Paris, Washington, Singapore and Beijing.
Only two funds came from the Middle East. King Abdullah University of Science and Technology (KAUST) with $23.5 billion and General Awqaf Authority. KAUST is ranked 95th among universities in the world and made history in the country by being the first mixed gender university in Saudi Arabia.
The General Authority of Awqaf has assets of 11 billion dollars and was established as a general authority to manage waqf funds and promote various goals of Saudi Arabia for social development. “Awqaf” in Arabic means property given in charity or purchased for a general or special purpose that is beneficial to society.
On the environmental side is the Nature Reserve, which has assets of 7.8 billion dollars. This charity is estimated to protect more than 100 million hectares of land.
Top 10 Richest People In The World
Universities are one of the leading endowment fund categories in the world, especially in the United States. In fact, universities make up 39 of the top 50 endowment funds, and 35 in America.
Historically, Harvard has been the biggest, but Stanford has come a long way in recent years. Stanford has $75 billion in assets compared to Harvard’s $73 billion. The amount of money is unknown, and the elite universities face a lot of criticism in some circles.
“When the total class of new students admitted to Harvard is 1,400 people – and they have an endowment that is the GDP of El Salvador – it is not a non-profit organization, it is a fund to raise the children of investors.” – Professor Scott Galloway
With student debt rising to $1.6 trillion, the university may face more criticism over how it spends the wealth generated by the endowment.
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Top endowment funds have a lot of influence in the world of finance. Although they all have billions to invest, each has different goals and objectives in how they deploy their capital.
And despite being a nonprofit organization, endowment foundations see their total assets exceed those held by many other investment funds, such as sovereign wealth funds, hedge funds and private equity firms.
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With great power comes great responsibility; No one knows that better than billionaires. Maintaining a world-class business is not a piece of cake as it requires a lot of dedication and patience. Just one mistake and he will face a big downfall.
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However, according to the business every year, the list of the 20 richest people in the world changes. You may have had a list of the 20 richest people in July, but Forbes has updated the list. To find out who is still on the list and the billionaires who are not here, you should read this article.
Two organizations publish the list of the richest people in the world – Forbes and Bloomberg. The organization has different criteria to define the rich, and Bloomberg updates the list daily.
However, the Forbes list of the richest people is important, and the criteria behind their decisions are based on stocks. Forbes calculates his net worth, based on his stock price. According to Forbes, during the pandemic, the world economy was disrupted, and it was also seen in the life of the billionaire. In 2022, they got only 2668 billionaires, 329 less than last year.
This year Forbes released its 36th list of billionaires, and pop star Rihanna played for the first time. However, countries like Estonia, Bulgaria, Barbados and Uruguay made it to the list.
Gautam Adani Drops Out Of World’s Top 20 Richest People
In 2022, the list sees other aliens with Elon Mask leading the way. Forbes considers Elon Musk to be the richest person in the world. According to estimates, the total value is 228 billion dollars in October 2022. The founder and CEO of Tesla, Elon Musk, has at least 15% of the shares in the company, which is worth the price.
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