Despite the pandemic, it was a record-setting year for the world’s wealthiest—with a $5 trillion surge in wealth and an unprecedented number of new billionaires.
By Kerry A. Dolan
It’s been a year like no other, and we aren’t talking about the pandemic. There were rapid-fire public offerings, surging cryptocurrencies and skyrocketing stock prices. The number of billionaires on Forbes’ 35th annual list of the world’s wealthiest exploded to an unprecedented 2,755—660 more than a year ago. Altogether they are worth $13.1 trillion, up from $8 trillion on the 2020 list.
There are a record high 493 newcomers to the list—roughly one new billionaire every 17 hours, including 210 from China and Hong Kong and 98 from the U.S. The richest newcomer, at $38.2 billion, is Miriam Adelson of Nevada, who inherited her husband Sheldon Adelson’s casino empire following his death in January. Other notable new entrants include movie and TV producer Tyler Perry, Bumble dating app cofounder Whitney Wolfe Herd—the world’s youngest self-made woman billionaire, and Europe’s Guillaume Pousaz, founder of payments firm Checkout.com. Another 250 people who’d fallen off the billionaires’ list in the past came roaring back. Altogether, a staggering 86% of all billionaires are richer than a year ago.
Jeff Bezos is the world’s richest person for the fourth year running, worth $177 billion, up $64 billion from a year ago as a result of surging Amazon shares. Elon Musk—the biggest gainer in dollar terms—rocketed into the No. 2 spot with a $151 billion fortune, a whopping $126.4 billion more than a year ago, when he ranked No. 31 and was worth $24.6 billion. The main reason: a 705% climb in Tesla shares. French luxury goods tycoon Bernard Arnault holds onto his spot at No. 3 but his fortune nearly doubled to $150 billion, from $76 billion, due to an 86% rise in the shares of LVMH, owner of brands including Louis Vuitton and Christian Dior and cosmetics retailer Sephora. The top ten richest are worth $1.15 trillion, up by two-thirds from $686 billion last year. Altogether, Europe’s billionaires are $1 trillion richer than a year ago.
This year there are four people worth $100 billion or more—up from just one (Bezos) on last year’s list. Besides Bezos, Musk and Arnault, there’s Bill Gates, who ranks No. 4 at $124 billion, buoyed by the strength of shares he owns in Microsoft, Canadian National Railway and tractor maker Deere & Company.
Rounding out the top five is Facebook founder Mark Zuckerberg, at $97 billion. He’s worth an eye-popping $42.3 billion more than a year ago; Facebook’s shares have risen 80% in the past year as people around the world used its social media platforms to stay in touch. (For more on the richest tech billionaires, see here; and here for the richest Americans.) The richest woman this year is cosmetics heir Francoise Bettencourt Meyers of France; see here for the richest women.
The U.S. still has more billionaires than any other country, with 724 worth (up from 614 last year). China is closing the gap with 698 (including 71 from Hong Kong and 1 from Macao). Last year the U.S. had 614 billionaires and China had 456 (including 66 from Hong Kong and 1 Macao). As a result of the gains in China, Beijing is home to more billionaires than anywhere in the world, overtaking New York City. India has the third highest number of billionaires, with 140. Altogether, the 1,149 billionaires from Asia-Pacific countries are worth $4.7 trillion, while the U.S. billionaires are worth a total $4.4 trillion. (For more on the countries with the most billionaires, see here. Plus China’s richest, China’s newcomers and India’s richest.)
Read the full article in Forbes
