The Richest People in the World in 2022 [Sept 2022 Update]
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The Richest People in the World in 2022

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Richest People in the World

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The Richest People in the World in 2022

Today, the 10 richest people in the world control $1.3 trillion in wealth.

This scale of wealth is equal to approximately 1.3% of the world economy, Amazon’s entire market cap, or spending $1 million a day over 3,000 years. In fact, it’s almost double the amount seen two years ago ($663 billion).

As billionaire wealth accumulates at a remarkable speed, we feature a snapshot of the world’s richest in 2022, based on data from the Forbes Real-Time Billionaires List.

Top 10 Richest People in the World

Elon Musk, with a fortune of $266 billion, is the richest person on the planet.

Despite supply chain bottlenecks, Tesla deliveries have increased 27% since the second quarter of 2021. Musk, who is also CEO and chief engineer of SpaceX, plans to send the largest rocket ever built into orbit in 2022. It spans 119 meters tall.

Here are the richest people in the world, based on data as of September 13, 2022:

RankNameSourceNet Worth
(Sep 2022)
Net Worth
(Mar 2021)
Change
2021-2022
1Elon MuskTesla, SpaceX$266B$151B$115B
2Bernard Arnault & familyLVMH$160B$150B$10B
3Gautam Adani & family
Infrastructure, Commodities
$151B$51B$100B
4Jeff BezosAmazon$150B$177B-$27B
5Bill GatesMicrosoft$107B$124B-$17B
6Larry EllisonOracle$104B$93B$11B
7Warren BuffettBerkshire Hathaway$97B$96B$1B
8Mukesh AmbaniDiversified$95B$85B$10B
9Larry PageGoogle$90B$92B-$2B
10Sergey BrinGoogle$86B$89B-$3B

With a net worth of $150 billion, Jeff Bezos sits in fourth place. Since last March, Amazon shares have fallen over 20% in light of inflationary price pressures and lagging retail performance.

Most notably, Mark Zuckerberg, CEO of Meta (formerly Facebook) fell off the top 10 for the first time since 2016. Meta shares plunged after reporting the first-ever drop in global daily active users since 2004.

Growth Rates of the Top 10 Overall

Among the 10 richest people in the world, here’s who saw their wealth rise the fastest:

Richest People in the World

Gautam Adani saw his fortune rise more than any other in this top 10 list. Adani heads one of the three largest industrial conglomerates in India. In the coming years, Adani plans to invest $70 billion in the renewable energy sector.

Like Adani, Musk saw his wealth rise among the fastest, even as Tesla shares have declined over 30% since their peak in November.

Crypto Billionaires in 2022

Even amid the crypto winter, at least ten people worldwide have seen their wealth climb into the billions thanks to the stratospheric rise of cryptocurrencies.

Sam Bankman-Fried, founder of the FTX crypto derivatives exchange, is at the top, with a jaw-dropping $18 billion net worth. Bankman-Fried launched the exchange in 2019 when he was 27.

FTX now has one million users and a $32 billion valuation.

RankNameNet WorthAge (as of Sep 2022)
1Sam Bankman-Fried$18B30
2Changpeng Zhao$17B45
3Gary Wang$5B29
4Song Chi-hyung$3B43
5Brian Armstrong$3B39
5Chris Larsen$3B62
6Jed McCaleb$3B47
7Cameron Winklevoss$2B41
8Tyler Winklevoss$2B41
9Barry Silbert$2B46

Following Bankman-Fried is Changpeng Zhao, the co-founder of cryptocurrency exchange Binance. It is the largest exchange globally.

Also on the list are co-founders of Gemini cryptocurrency exchange Cameron and Tyler Winklevoss, each with a net worth of over $2 billion. Like their rival, Mark Zuckerberg, they have their sights on building a metaverse.

Larger Shifts

Will billionaire wealth continue to accumulate at record rates? As the invasion of Ukraine presses on, it will likely have broader structural outcomes.

Some argue that war is a great leveler, a force that has reduced wealth inequality, as seen in the aftermath of WWII. Others suggest that it increases wealth divergence, especially when the war is financed by public debt. Often, costs have become inflated due to war, putting pressure on low and middle-income households.

Whether or not the war will have lasting effects on wealth distribution is an open question, however, if the pandemic serves as any precedent, the effects will be far from predictable.

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Money

Ranked: The World’s Richest Billionaires Over the Past 10 Years

This visualization looks at the ballooning wealth and ranking of the top 10 billionaires over the past 10 years.

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Ranked: The World’s Richest Billionaires Over the Past 10 Years

The last decade has seen a number of changes in the world’s richest billionaires list.

For one, there are new faces at the top of the leaderboard that were never there before. One of the most obvious changes though, is that the richest billionaires have accumulated a lot more wealth in recent years.

Using annual data from Forbes on the richest billionaires, we’ve visualized the wealth and ranking of the top 10 billionaires over the past decade.

Who are the World’s Richest Billionaires?

While the pecking order has fluctuated, the leaderboard remains very exclusive. Out of a possible 10 spots, there are only 19 individuals that have made the list over the last decade.

Here’s the current list of richest billionaires in 2022, including when they first made the list (if in the last decade):

RankNameCountryNet Worth (2022)First Year on List*
#1Elon Musk🇺🇸 U.S.$219 billion2021
#2Jeff Bezos🇺🇸 U.S.$171 billion2016
#3Bernard Arnault🇫🇷 France$158 billion-
#4Bill Gates🇺🇸 U.S.$129 billion-
#5Warren Buffett🇺🇸 U.S.$118 billion-
#6Larry Page🇺🇸 U.S.$111 billion2019
#7Sergey Brin🇺🇸 U.S.$107 billion2021
#8Larry Ellison🇺🇸 U.S.$106 billion-
#9Steve Ballmer🇺🇸 U.S.$91 billion2020
#10Mukesh Ambani🇮🇳 India$91 billion-

*Billionaires with “-” first made the list at an earlier date. Example: Mukesh Ambani made the 2008 list.

Microsoft co-founder turned philanthropist, Bill Gates, is a perennial presence at the top of these lists. Gates is currently at his lowest rank over this time period, but is still in fourth spot. The billionaire has pledged to give away nearly all of his fortune to the eponymously named Bill & Melinda Gates Foundation.

From 2018 to 2021, Jeff Bezos sat at the top of the world’s richest people ranking, only to be bumped out by Elon Musk. In 2020, Bezos became the first person to amass a $200 billion fortune after Amazon’s stock price surged during the pandemic. In recent months, Bezos’ net worth has taken a hit as Amazon’s share price has fallen back down to Earth.

Today, Elon Musk is the world’s richest person.

The Rich Get Richer

Over time, the median net worth of the richest billionaires has grown significantly.

YearMedian Net Worth of Top 10 Billionaires
2013$39 billion
2014$44 billion
2015$49 billion
2016$45 billion
2017$56 billion
2018$71 billion
2019$64 billion
2020$68 billion
2021$97 billion
2022$115 billion

Most fortunes are held in the form of business equity, real estate, and publicly-traded stocks—all asset classes that have benefited from the era of cheap money and ultra-low interest rates.

Over the decade period, the median net worth of the top 10 billionaires has nearly tripled from $39 billion to $115 billion.

In fact, the first billionaire to pass the $100 billion threshold was Jeff Bezos in 2018, when he took the top spot on the list from Bill Gates. However, now all but two on the top 10 wealthiest list are centibillionaires.

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Markets

All of the World’s Money and Markets in One Visualization (2022)

From the wealth held to billionaires to all debt in the global financial system, we look at the vast universe of money and markets in 2022.

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All of the World’s Money and Markets in One Visualization

The era of easy money is now officially over.

For 15 years, policymakers have tried to stimulate the global economy through money creation, zero interest-rate policies, and more recently, aggressive COVID fiscal stimulus.

With capital at near-zero costs over this stretch, investors started to place more value on cash flows in the distant future. Assets inflated and balance sheets expanded, and money inevitably chased more speculative assets like NFTs, crypto, or unproven venture-backed startups.

But the free money party has since ended, after persistent inflation prompted the sudden reversal of many of these policies. And as Warren Buffett says, it’s only when the tide goes out do you get to see “who’s been swimming naked.”

Measuring Money and Markets in 2022

Every time we publish this visualization, our common unit of measurement is a two-dimensional box with a value of $100 billion.

Even though you need many of these to convey the assets on the balance sheet of the U.S. Federal Reserve, or the private wealth held by the world’s billionaires, it’s quite amazing to think what actually fits within this tiny building block of measurement:

What fits in a $100 billion box?

Our little unit of measurement is enough to pay for the construction of the Nord Stream 2 pipeline, while also buying every team in the NHL and digging FTX out of its financial hole several times over.

Here’s an overview of all the items we have listed in this year’s visualization:

Asset categoryValueSourceNotes
SBF (Peak Net Worth)$26 billionBloombergNow sits at <$1B
Pro Sports Teams$340 billionForbesMajor pro teams in North America
Cryptocurrency$760 billionCoinMarketCapPeaked at $2.8T in 2021
Ukraine GDP$130 billionWorld BankComparable to GDP of Mississippi
Russia GDP$1.8 trillionWorld BankThe world's 11th largest economy
Annual Military Spending$2.1 trillionSIPRI2021 data
Physical currency$8.0 trillionBIS2020 data
Gold$11.5 trillionWorld Gold CouncilThere are 205,238 tonnes of gold in existence
Billionaires$12.7 trillionForbesSum of fortunes of all 2,668 billionaires
Central Bank Assets$28.0 trillionTrading EconomicsFed, BoJ, Bank of China, and Eurozone only
S&P 500$36.0 trillionSlickchartsNov 20, 2022
China GDP$17.7 trillionWorld Bank
U.S. GDP$23.0 trillionWorld Bank
Narrow Money Supply$49.0 trillionTrading EconomicsIncludes US, China, Euro Area, Japan only
Broad Money Supply $82.7 trillionTrading EconomicsIncludes US, China, Euro Area, Japan only
Global Equities$95.9 trillionWFELatest available 2022 data
Global Debt$300.1 trillionIIFQ2 2022
Global Real Estate$326.5 trillionSavills2020 data
Global Private Wealth$463.6 trillionCredit Suisse2022 report
Derivatives (Market)$12.4 trillionBIS
Derivatives (Notional)$600 trillionBIS

Has the Dust Settled Yet?

Through previous editions of our All the World’s Money and Markets visualization, we’ve created snapshots of the world’s assets and markets at different points in time.

For example, in our 2017 edition of this visualization, Apple’s market capitalization was only $807 billion, and all crypto assets combined for $173 billion. The global debt total was at $215 trillion.

Asset2017 edition2022 editionChange (%)
Apple market cap$807 billion$2.3 trillion+185%
Crypto$173 billion$760 billion+339%
Fed Balance Sheet$4.5 trillion$8.7 trillion+93%
Stock Markets$73 trillion$95.9 trillion+31%
Global Debt$215 trillion$300 trillion+40%

And in just five years, Apple nearly quadrupled in size (it peaked at $3 trillion in January 2022), and crypto also expanded into a multi-trillion dollar market until it was brought back to Earth through the 2022 crash and subsequent FTX implosion.

Meanwhile, global debt continues to accumulate—growing by $85 trillion in the five-year period.

With interest rates expected to continue to rise, companies making cost cuts, and policymakers reining in spending and borrowing, today is another unique snapshot in time.

Now that the easy money era is over, where do things go from here?

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