With the significant decline in stocks and other markets in 2022, the total number of billionaires worldwide decreased by 3.5%.
In the early years of the pandemic, as most of us turned to online products and marketplaces, worked from home, and went about our daily lives in a completely different, until then seemingly nightmarish, way, more and more billionaires and entrepreneurs saw their fortunes disappear. Swell. A typical example of this is the founder and CEO of Amazon, the world’s largest e-commerce company, who increased his giant’s profits and his personal portfolio like no other. But the return to normalcy has brought about changes and reduced earnings for the billionaire class, according to a new report from global data intelligence firm Altrata. In fact, their numbers and overall wealth declined.
Decrease in total wealth
The Ultrata study indicates that there are 3,194 billionaires in the world in 2022, a decrease of 3.5% compared to 2021. The same source believes that the total wealth of billionaires also decreased by 5.5% in 2022, reaching $11.1 trillion, from $13.1 trillion. For the year 2021.
One of the significant losers for 2022 is Jeff Bezos, whose net worth decreased by $57 billion. $ due to Amazon shares falling 38% on March 10. Elon Musk also witnessed a slight but noticeable decline, as he lost $39 billion, which dropped him from first place among the richest people in the world, according to Forbes’ list.
The same report explains that the decline in wealth is due to the decline in capital markets, which led to higher interest rates and inflation and increased investor caution, from which even the ranks of billionaires were not spared. Accordingly, Forbes magazine explains that for the second year in a row, these amounts are decreasing in light of the political and social unrest affecting public and private markets.
Which countries in the world have the richest people?
Despite the above-mentioned declines, the United States and New York actually remain the city with the highest number of billionaires for 2022 – with 136 to be precise – according to Ultrata’s findings. Hong Kong comes in second place with 122 billionaires, then San Francisco with 84 billionaires.
The United States had the largest number of billionaires in 2022, with 955 people. China follows with 357 people, while Germany is in third place with 173 billionaires. However, Asia saw the largest decline in the number of billionaires, down 7.1% to 835 people. Latin America and the Caribbean took the next biggest hit, down 3.4%, leaving only 141 billionaires, while North America had the third biggest decline, with the number of billionaires down 2.3% to 1,011.
According to Forbes list data, Greece is represented on the list of billionaires by Maria Angelikossi, Mariana Latsis, Teles Mistakidis, Philippos Niarchos, Vardis Vardinougiannis, and Stelios Hatziouannou.
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