Queen Nwabueze
Ever wondered how the world richest persons are gotten? Truly, many people have continued to query the yardstick used for the measurement – ranking individuals who have proven their mettle when it comes to being billionaires in dollars.
Each year, Forbes and other qualified ranking institutions employ a team of over 50 reporters from a variety of countries to track the activity of the world’s wealthiest individuals and sometimes groups or families – who share wealth. Preliminary surveys are sent to those who may qualify for the list. According to Forbes, they received three types of responses – some people try to inflate their wealth, others cooperate but leave out details, and some refuse to answer any questions. Business deals are then scrutinized and estimates of valuable assets – land, homes, vehicles, artwork, etc. – are made.
Join our WhatsApp ChannelTo be doubly sure, interviews are conducted to vet the figures and improve the estimate of an individual’s holdings. Furthermore, positions in a publicly traded stock are priced to market on a date roughly a month before publication. Privately held companies are priced by the prevailing price-to-sales or price-to-earnings ratios.
Finally, known debt is subtracted from assets to get a final estimate of an individual’s estimated worth in United States dollars. Since stock prices fluctuate rapidly, an individual’s true wealth and ranking at the time of publication may vary from their situation when the list was compiled.
But overall, this is about it.
Now let’s get to it – The topline richest people in the world.
Oh well, you already know, Elon Musk, the co-founder and CEO of Tesla, is the richest person in the world with a net worth of $273 billion.
Other 9 persons who serve as his downliners are:
- Jeff Bezos ($188 billion)
- Bernard Arnault ($148 billion)
- Bill Gates ($133 billion)
- Warren Buffett ( $127 billion)
- Larry Page ($125 billion)
- Sergey Brin ($119 billion)
- Steve Ballmer ($108 billion)
- Larry Ellison ($103 billion)
- Gautam Adani ($100 billion)
There you have it! This list was last updated, April 05, 2022.
Prime Business Africa recalls that as of 2018, Microsoft founder, Bill Gates had topped the list 18 of the past 24 years, while Amazon founder Jeff Bezos was ranked at the top for the first time and he became the first centibillionaire included in the ranking. Interestingly, in 2022, after topping the list for 3 years, he was surpassed by Elon Musk.
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