Current Affairs PDF

Elon Musk tops Forbes World’s Billionaires List 2022; Mukesh Ambani ranks 10th

AffairsCloud YouTube Channel - Click Here

AffairsCloud APP Click Here

Elon Musk tops Forbes World's Billionaires List 2022 (1)

Forbes has released the 36th annual ranking of billionaires across the globe, Forbes World’s Billionaires List 2022, featuring 2,668 Billionaires from across the globe with a collective worth of USD 12.7 trillion, USD 400 billion less than in 2021. Forbes 2022 World’s Billionaire List was edited By Kerry A. Dolan And Chase Peterson-Withorn Presented By Richard Mille.

Elon Musk Chief Executive Officer (CEO) of Tesla and SpaceX has topped the list with a net worth of USD 219 billion, followed by the founder of Amazon, Jeff Bezos, and Bernard Arnault, CEO of LVMH Moët Hennessy – Louis Vuitton SE. 

Elon Musk has topped the list for the first time. 

  • India’s Mukesh Ambani, Chairman of Reliance Industries Limited (RIL) has ranked 10th on the list with a net worth of USD 90.7 billion followed by Gautam Adani, head of Adani Group ranked 11th with a net worth of USD 90 billion.
  • Mukesh Ambani is the only Indian among the top 10 on the list. 

Top 5 on the Forbes World’s Billionaires List 2022:

Global RankNameNet Worth (in USD)
1Elon Musk219 billion 
2Jeff Bezos171 billion 
3Bernard Arnault & family158 billion 
4Bill Gates129 billion 
5Warren Buffett118 billion 

Key Points:

i.The list has features 236 newcomers who have become billionaires in 2021, which includes the first-ever billionaires from Barbados, Bulgaria, Estonia and Uruguay.

ii.United States of America(USA) lead the list with 735 billionaires worth a collective USD 4.7 trillion followed by China, including Macau and Hong Kong, with 607 billionaires with a collective USD 2.3 trillion.

iii.Russia and China have recorded a decrease in the number of billionaires.  There are 34 fewer billionaires than in 2021 due to Russia’s invasion of Ukraine and 87 fewer Chinese billionaires following a government crackdown on tech companies. 

Note: The net worths are calculated using the stock prices and exchange rates from 11th March 2022. 

Forbes India’s 10 Richest Billionaires 2022:

Mukesh Ambani, Chairman of Reliance Industries Limited(RIL) has topped the Forbes list of India’s 10 Richest Billionaires 2022 with a net worth of USD 90.7 billion.

  • Mukesh Ambani is followed by Gautam Adani, head of Adani Group, with a net worth of USD 90 billion and Shiv Nadar, Chairman Emeritus of HCL Technologies with a net worth of USD 28.7 Billion.

Note: The number of billionaires in India has increased from 140 in 2021 to a record high of 166 in 2022 and India’s top 10 richest are worth one-third more than a year ago.

Key Points:

i.According to the report, the wealth of Mukesh Ambani, Asia’s richest person, has increased by 7% compared to the previous financial year. 

ii.Gautam Adani has added around USD 40 billion to his fortune and became Asia’s 2nd richest person. 

Ambani, Adani and the other top 10 richest Indians on Forbes 2022

Forbes India’s 10 Richest Billionaires 2022

RankNameNet Worth (in USD)Global rank
1Mukesh Ambani90.7 Billion10
2Gautam Adani & Family90 Billion11
3Shiv Nadar28.7 Billion47
4Cyrus Poonawalla24.3 Billion56
5Radhakishan Damani20 Billion81
6 Lakshmi Mittal17.9 Billion89
7 Savitri Jindal & family17.7 Billion91
8Kumar Birla16.5 Billion106
9Dilip Shanghvi15.6 Billion115
10Uday Kotak 14.3 Billion129

Recent Related News:

On 17th March 2022, Hurun India released a report titled “2022 M3M Hurun Global Rich List”, a ranking of United States(US) dollar billionaires in the world. According to the report, Mukesh Ambani, Chairman & Managing Director(CMD) of Reliance Industries Limited (RIL) has emerged as the Richest Indian and Richest Asian & Ranked
9th Globally.