Forbes billionaires 2022: Elon Musk, Jeff Bezos top list

After acquiring Android in 2005, Google released the Android mobile phone operating system in 2008. Google reorganized in 2015, becoming a subsidiary of Alphabet, a holding company. From there, Page and Brin went on to found Google in 1998, with Page serving as CEO of the company until 2001, and again between 2011 and 2019. Widely known as the Oracle of Omaha, Buffett is a buy-and-hold investor who built his fortune by acquiring undervalued companies. More recently, Berkshire Hathaway has invested in large, well-known companies.

While attending Stanford University in 1995, Page and his friend Sergey Brin came up with the idea of improving Internet data extraction. The duo devised a new search engine technology they dubbed Backrub after its ability to assess links to a page. His long-suffering social-media platform, Truth Social, has become part of a publicly traded company, and on Monday, a New York appeals court slashed his bond for a fraud case. Truth Social’s parent company will have a market value of approximately $5.5 billion when it starts trading and Trump’s stake will be worth about $3 billion – at least on paper. That stake is included in Bloomberg’ calculation of Trump’s net worth.

Steve Ballmer (U.S.)

If the fortunes of the wealthiest individuals continue to grow at their current pace, the world could see its first trillionaire in the next 10 years, the report projects. But Oxfam predicts it would take 229 years for global poverty to be eliminated, defined as reducing the number of people earning $6.85 a day to less than 1% globally. Every year, Forbes attempts to quantify and rank the world’s richest people with its annual billionaires list. Here’s a countdown of the 20 richest people on the planet by net worth as of spring 2022, as well as a look at who was bounced from Forbes’ 2021 list. In the run-up to the buyout announcement, Musk sold 9.6 million shares of Tesla, valued at roughly $8.5 billion.

“Asset tokenization is just one of many potential long-term drivers of web3 [crypto] adoption where infrastructure has matured to the point that it is possible to deliver significant advantages over legacy systems,” said Gorbunov. “You often hear that blockchain use cases have not emerged but in our 5 wealthiest people in the world view, the use cases are far ahead of the infrastructure. That is now beginning to change.” “The infrastructure is now in place to deliver these advantages across multiple blockchains with transparency and monitoring, as well as modular customization required for compliance on a global scale.”

El Salvador Makes Good On Daily Bitcoin Buy Promise, Now Holds 5,700 BTC

Ballmer’s net worth benefitted from the popularity of tech stocks like Microsoft, which this year grew in value by more than 50%. Gates has long since given up the reins at Microsoft and spends most of his time with his charitable foundation. In 2021, Gates also divorced his wife Melinda French Gates after 25 years of marriage. Google also offers a variety of electronic devices, including Pixel smartphones, computers, and tablets, Nest smart home devices, and the Stadia gaming platform.

That’s a massive uptick from his previous high of $3.1 billion, which consisted mostly of his real estate holdings. Trump and his company were accused of grossly inflating the value of those holdings to get better loan and insurance terms in the civil fraud suit. In 2021 alone, the 10 richest people in the world added more than $400 billion to their fortunes, led by Tesla and SpaceX CEO Elon Musk’s $121 billion gain. During the first two years of the pandemic, the 10 richest people doubled their collective fortunes from $700 billion to $1.5 trillion — a rate of $15,000 per second, according to Oxfam. The Japanese investor made a big bet on WeWork, which officially crumpled in 2023, and people are questioning his judgment after he continued to pour money into Adam Neumann’s remote-work business even after it was clearly struggling.

Bloomberg Billionaires Index

The individuals on this list belong to an even more exclusive club and wield still more power. Many are founders of technology giants, with much of their wealth still invested in the companies they started. Meanwhile, bitcoin and crypto adoption could be kick-started by the development of real-world assets tokenization. His illiquid wealth created a potential financial crisis ahead of Monday’s deadline to either pay his $454 million verdict or post a bond for 120% of the judgment while he appeals it.

• Cuban, 65, has a knack for getting out at the right time, selling his radio-streaming website Broadcast.com shortly before the dot-com bubble burst.
• Arnault is used to this merry-go-round (perhaps it is where he lost his cowboy hat?)—and has already added $4.24 billion to his net worth this year.
• Facing a deadline to post a bond of more than $500 million in a New York fraud lawsuit, a state appeals court tossed him a lifeline, slashing the amount he’d have to post to $175 million — an amount he says he’ll cover.
• Along with his family, Adani controls India’s largest port, in his home state of Gujarat, shown here.
• Trump lost at trial in February and was supposed to post a bond of more than $500 million, but a state appeals court slashed that amount to $175 million Monday.

Billionaires play an outsized role in shaping the global economy, politics, and philanthropy. Forbes puts the number of billionaires in the world at 2,640 in 2023. The wealthiest among them is Elon Musk; CEO of Tesla and SpaceX, and owner of X (formerly Twitter). “If you had a tokenized security … the moment you buy or sell an instrument, it’s known it’s on a general ledger that is all created together. This eliminates all corruption, having a tokenized system.” The bitcoin price has rocketed higher over the last 12 months, pushing up ethereum, XRP and crypto …