The fortunes of the Mansour family were not affected this year, and they maintained their earnings as they were last year without increasing or decreasing in 2022 with their different global rankings. According to the UBS/PwC Billionaires Report 2019 report released in November 2019, there are currently 2,101 U.S. dollar billionaires worldwide, from 66 countries, with a combined net worth of $8.5 trillion. A spokesman for the Nigerian Stock Exchange told Forbes that BUA Cement meets the second requirement. While some bathe in money, entire countries face bankruptcies, and 1.7 billion workers live amidst inflation that is outpacing wages. Southern African nations dominated the growth markets and wealth in the continent in 2021, with the highest level of growth compared to 2020. The Waltons, who own half of Walmart, made $8.5 billion, while India's energy magnate Gautam Adani soared with $42 billion more in 2022 alone. Powerful men (92.4%), women (91.0%), and Davos attendees (90.5%) had higher college attendance than billionaires (71.1%). Swiss-made products, luxury housing, and the alps attract born-rich heirs and heiresses, with only a third of billionaires hailing from a middle-class background who build up from scratch. Favoring the mega-rich is a 40-year trend, where many governments slash income tax rates on the richest while upping taxes on goods and services. 1-5 6-10 11-50 51-100 101-500 501+ This is a list of countries by their number of billionaire residents, based on annual assessments of the net worth in United States Dollars of wealthy individuals worldwide. Despite his apparently vast wealth, the prince is nowhere to be found on Forbes' billionaires ranking because nobody knows just how rich he is. Forbes' 36th Annual World's Billionaires List: Facts And Figures 2022 The number of millionaires globally will grow by 40% in the next five years, even as rising rates and Russia's war in Ukraine are sinking asset classes and private fortunes this year. The top five cities where most dollar millionaires live are Johannesburg, Cairo, Cape Town, Lagos, and Nairobi at 16,000, 8,200, 6,900, 5,500 and 5,400 respectively. With an estimated fortune of $131bn (99bn) he is the . Our free, fast, and fun briefing on the global economy, delivered every weekday morning. By clicking Sign up, you agree to receive marketing emails from Insider South Africa, Egypt, and Nigeria possess 56% of Africa's wealth - Quartz List of Egyptians by net worth - Wikipedia Sir James Ratcliffe is the wealthiest man in the UK with an estimated $16.3 billion, followed by Michael Platt with an estimated $15.2 billion. Amidst the pandemic, recession, and rocked financial markets, 719 billionaires had more wealth than 165 million people in 61 million households (the bottom half). America's 10 Richest Billionaires 2022 - Forbes Lastly, the UK favors foreign investment and offers the lowest corporate taxes. Get the inside scoop on todays biggest stories in business, from Wall Street to Silicon Valley delivered daily. The Nigerian Stock Exchange requires that either 20% or more of a companys shares to be floated to the public, or that the floated shares are worth at least 20 billion naira about $50 million a paltry sum, to be sure. The resulting reporting project took a year, dozens of flights and thousands of interviews. By 2026, there will be more than 87.5 million people with at least $1 million in wealth, up from 62.5 million in 2021, according to Credit Suisse Group AGs Global Wealth Report 2022 released on Tuesday. 1-The Sawiris Family Although the Sawiris family has incurred a loss of about US$800 million since the release of the Forbes Billionaires List for 2022 last April, it topped the Forbes list of the five richest Arab families, with an estimated fortune of $11.2 billion. To give a sense of the over-representation of people in these groups who . (May 2022) A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. Despite heightened instability from a lack of economic diversification, the Hong-Kong SAR showed the highest net increase in billionaires among global cities and the second-largest number among the worlds urban centers. One thing to note: Rabiu and his son together own about 97% of the company, giving the company a tiny public float. Remarkably, shares of his BUA Cement PLC, which listed on the Nigeria Stock Exchange in January 2020, have doubled in value in the past year. World Bank economist Elena Ianchovichina, who was formerly the lead economist for the Middle East and North Africa region, said in 2015 that such rankings don't tell the whole story of wealth in the Middle East. Accessed July 09, 2023. https://www.statista.com/statistics/1230417/billionaires-in-egypt-by-net-worth/, Forbes. These are the richest people in the world! Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 1000+ markets in 190+ countries & territories, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Pages in category "Egyptian billionaires" The following 16 pages are in this category, out of 16 total. An up to 5 % increase in the worlds multi-millionaires and billionaires' annual wealth tax (or implementing inheritance tax, property and land taxes, or net wealth taxes) would raise $1.7 trillion a year to lift 2 billion people out of poverty or provide universal healthcare and social protection for all low-income countries. Algeria, Zimbabwe, and Tanzania have one billionaire each with many multi-millionaires and cent-millionaires, while Ghana, Kenya, and many other countries have many multi-millionaires and cent-millionaires. A closer look at income groups reveals even more dramatic disparities towards the top of the curve. Many of the world's super-rich favor living in London, particularly as the HQ location for big business owners to expand their companies. Military service produced 21 billionaires, more than any single University. Show publisher information Yemen is full of wealthy celebrities. "Edit capitulated," writes his son. List of countries by number of billionaires - Wikipedia The founder of Checkout.com, Guillaume Pousaz, is Switzerlands most prosperous European top tech entrepreneur, worth some $23 billion, while Stphane Bonvin, CEO of Investis real estate group, is the only new Swiss billionaire since last year. There are 2,208 billionaires in the world. A 21.9% drop from $6.4 billion last year. South Africa is home to over twice as many dollar millionaires as any other African country. The most common field of university education was finance and economics, which only contributed to a combined 15.5% of billionaire educations. South Africa and Egypt each have five billionaires, followed by Nigeria with three and Morocco with two. [6][7] As of 2021, eight people have reached the status of USD hectobillionaires, meaning that each has had a net worth of at least $100 billion.[8]. If you are an admin, please authenticate by logging in again. Even Africa's billionaire wealth grew 16.5% year-over-year, holding collectively 2 trillion dollars. as well as other partner offers and accept our, There are a few sites, areas, and hotels, in particular, inspiring the wealthy to visit, The country came in first in Original Travel's. Access your favorite topics in a personalized feed while you're on the go. Forbes removed all of the Saudi billionaires, don't tell the whole story of wealth in the Middle East, Business Insider rounded up the richest people in the Middle East based on, The richest person in the Middle East that we know of is. Find out who lives near you with our celebrity finder. Seven fell out, like Geeta Gupta-Fisker of electric vehicle startup "Fisker," Matt Molding of THG beauty and protein, and Eddie & Sol Zakay of the Topland Group real estate. It is a sub category of ultra high-net-worth individual. The Middle East is a region known for its oil-derived wealth. Dubai: Forbes has released its 36th World's Billionaires ranking for 2022, featuring the world's 2,668 richest people87 down from 2021. These included oil, gas, and media enterprises, which snagged at rock-bottom prices before Russia's economy returned to a degree of order. The approximate number of people with net assets of $1 million or more (or what the survey calls high net worth individuals) living in Africa is 136,000 but those whose assets are worth more than $10 million are 6,700. According to Forbes 2021 Billionaire List, Russias billionaires were worth a collective $808.06 billion (US $584 billion) upon gaining much wealth during the pandemic. Below, see what's propelling billionaires to visit Egypt and what they're doing when they get there. This list may not reflect recent changes. Out of 15 countries by billionaire population, all but the UK, Russia, and France saw a fall in numbers, and all Asia-Pacific billionaires declined in population and total wealth. According to Forbes 2021 Worlds Billionaires List, the number of Chinese billionaires rose by over 60% from 2000 to 2021, paralleling its astonishing economic growth with GDP per capita increasing more than ten-some and nearly 50% growth in the last six years. Billionaires' total assets have grown by 51% since the pandemic's start, accelerating Canada's trend of already-high wealth inequality. [1] At the top of the very first Forbes 400 list was Daniel K. Ludwig, a. Language links are at the top of the page across from the title. Indias billionaires soared in wealth by 46% in 2022, and as of January 16, 2023, 5% of Indians own more than 60% of the countrys wealth, and the bottom 50 still possess only three. How Many Billionaires Are There in the World? Jeff Bezos' net worth . Through a spokesperson, Dos Santos declined to comment. Sixty-five percent of the countrys deaths are kids under five. [Online]. By clicking Sign up, you agree to receive marketing emails from Insider ), Read More: The Full List of Africas Richest People. Elon Musk took the lead and first place, for the first time ever. Number of wealthy people in Africa rises 15% in 2022, Egypt tops Arabs These aggregated statistics for billionaires include the total number of known billionaires and the net worth of the world's wealthiest individual for each year since 2008. Since 2020, billionaires' collective wealth has risen by $78 billion.The top richest, with $249 billion, has about the same as the bottom 40%, with $248 billion in assets. New World Wealth has predicted a healthy wealth growth of 38% for Africa in the next decade, and eastern African countries are projected to anchor this rise, with over 60% growth expected in Uganda and Rwanda by 2031, and over 50% in Kenya and Zambia.. How Many Rich, Powerful People Went to Elite Colleges - Business Insider India's poor suffered through the pandemic, unable to afford survival necessities, with the number of hungry increasing by 160 million since 2018. As a testament to how much the top wealthiest countries affect the continents total wealth, in the past decade, South Africa, Egypt, and Nigeria have had a negative private wealth growth rate of -12%, -23%, and -27% respectively, leading to a 7% decline in Africas wealth growth since 2011. Their 2019 bookings for Egypt are set to triple last year's bookings, Amelia Stewart, brand ambassador for Original Travel, told Business Insider. It is based on an annual assessment of wealth and assets compiled and published by Forbes magazine in April every year. [19], In 2019, 19 people became billionaires. 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Today, Al Waleed Bin Talal Al Saoud is Saudi's richest person with a net worth of $16.5 billion, followed by Mohamed Al Amoudi with $6.29 billion. Elon Musk Net worth: $219 billion Source of wealth: Tesla, SpaceX Residence: Austin, Texas Hannibal Hanschke/AP Musk overtook Jeff Bezos to become the world's richest person on Forbes ' 2022. More than half of them are between the ages of 50 and 70, but there are a handful who managed to snag their billions at a very young age. Please create an employee account to be able to mark statistics as favorites. Forbes. The Net Worth of the Top 1 Percent in the US, Other Countries Here's How Much Wealth You Need to Join the Richest 1% Globally How Many Billionaires Are There in the World? - WorldAtlas $450 million on a Leonardo da Vinci painting. Last edited on 16 February 2023, at 10:46, Learn how and when to remove this template message, List of countries by the number of billionaires, https://en.wikipedia.org/w/index.php?title=List_of_South_Africans_by_net_worth&oldid=1139685586, This page was last edited on 16 February 2023, at 10:46. This 14th-Century African Emperor Remains the Richest Person - HISTORY We used Cambridge Dictionary's definition for the region, which encompasses 16 countries: Syria, Jordan, Israel, Lebanon, Saudi Arabia, Iran, Iraq, Turkey, Yemen, Jordan, Oman, UAE, Kuwait, Qatar, Bahrain, and Egypt. Youssef Mansour, the elder brother of Mohamed and Yassin Mansour, came fifth with a fortune estimated at $ 1.5 billion, without an increase or decrease from last year, to occupy the 1929th position globally, after he was in the 2035th position last year. Its world-renowned movie scene, aerospace, and tech industries keep expanding and giving, with trending prosperity for the state and more wealth in its global economy. Many surged in wealth in 2022 from food and energy profits, where 95 food and energy corporations more than doubled in earnings since last year. Forbes has marked Dos Santos frozen assets at zero. The top 10 Universities produced just 99 of the top 400 billionaires combined, significantly less than the total number of billionaires who were not college educated. Musk is a citizen of three countries: South Africa, Canada and the United States. There are currently 1,826 US dollar billionaires in the world spread across 66 countries and having a combined net worth of $7.05 trillion. The debate, explained", "Newcomers: These 19 Billionaires Join the Forbes 400 List in 2019", "A Look at the 10 Richest People in the World", "The Countries with the Most Billionaires 2020", "Top 15 countries with the most billionaires, ranked", "Indian Billionaires 2014: Big Winners, Big Losers", "World's Billionaires 2011: A Record Year In Numbers, Money And Impact", Map of World Billionaires by Country and by Origin of Wealth, Largest corporations by market capitalization, Largest financial services companies by revenue, Largest manufacturing companies by revenue, The rich get richer and the poor get poorer, Socialism for the rich and capitalism for the poor, https://en.wikipedia.org/w/index.php?title=Billionaire&oldid=1161966445, Pages with non-numeric formatnum arguments, Short description is different from Wikidata, Wikipedia indefinitely semi-protected pages, Wikipedia indefinitely move-protected pages, Wikipedia articles needing rewrite from May 2022, Articles containing potentially dated statements from 2018, All articles containing potentially dated statements, Articles containing potentially dated statements from 2015, All articles with vague or ambiguous time, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 26 June 2023, at 04:45. And Isabel dos Santos, who since 2013 has been the richest woman in Africa, was knocked from her perch by a series of court decisions freezing her assets in both Angola and Portugal. Forbes Middle East: The World's Richest Arab Billionaires 2020 Hong Kong claims to be Asias financial hub and aspiring world city, a highly-contested statement for unwillingness to explore new engines of growth. That pushed Rabius fortune up by an extraordinary 77%, to $5.5 billion. There are a total of 2,208 billionaires in the world. Billionaires come from a very wide number of backgrounds. Nicky Oppenheimer & family $8.4 B Metals & Mining Egypt is the hottest destination billionaires are traveling to this year, according to boutique luxurytravel agencyOriginal Travel, which plans trips for high-net-worth individuals. Available: https://www.statista.com/statistics/1230417/billionaires-in-egypt-by-net-worth/, Immediate access to statistics, forecasts & reports, High net worth individuals: wealth value in the UK and Europe 2009-2019, High net worth individuals assets breakdown in Europe Q1 2019, Mean wealth of adult population in the United Kingdom (UK) 2012-H1 2019, Private banking and wealth management outlook for European banks in 2016, by country, Business focus of wealth manager budgets in upcoming two to three years EMEA 2016, Underlying drivers for client trust in wealth management services EMEA 2016, Objectives for wealth management of millennial rich in EMEA 2016, Discretionary mandate assets and investment funds value in Europe 2007-2018, Discretionary mandate assets & investment funds market share in Europe 2021, Wealth management companies: regional distribution of offices in the UK 2013 & 2016, Revenue of wealth management firms and private banks in the UK 2013-2018, Revenue of large wealth management firms in the UK 2013-2018, by type, Investment assets share of wealth management firms in the UK 2016, by ownership, Investment assets share of wealth management firms in the UK 2013-2018, by asset type, Investment assets of all large wealth management firms in the UK 2013-2018, Large wealth management firm costs in the United Kingdom (UK) 2011-2016*, by type, Projected regional employment in private banking and wealth management in the UK 2016, Revenue of wealth management firms per employee in the UK 2014-2016, Large wealth management firms: costs per direct employee UK 2014-2016, Educational attainment of billionaires worldwide, 2013, Italy: number of super-rich individuals 2016, Number of billionaires Australia 2006-2024, Hong Kong's youngest billionaires' wealth August 2022, Marital status of billionaires worldwide, 2013, Number of billionaires in select European cities 2014-2018, China's youngest billionaires' wealth August 2022, Average number of children of billionaires worldwide, 2013, Top 10 countries by the number of billionaires per capita 2013, Source of billionaire's wealth worldwide, 2013, Billionaire numbers in Singapore 2014-2019, Ranking of the richest people in Norway 2021, by wealth, Average net worth of billionaires worldwide, 2013, Top 10 countries by percentage of female billionaires 2014, Latin America: richest people 2022, by wealth, Top 10 countries by the percentage of female billionaires 2013, Number of billionaires Malaysia 2014-2019, Mexico: richest people 2022, by net worth, Investments of high-net-worth individuals, Egypt's billionaires as of 2022 (net worth in billion U.S. dollars), Find your information in our database containing over 20,000 reports. Despite the federal epidemic control restrictions and sky-high property prices, many Germans saved money by withholding disposable income through the holidays, giving-up trips, expensive events, and festivals. BBC Africa. A corruption case in 2017 regarding top businessmen in the oil-rich kingdom saw many arrested following orders from the anti-corruption committee.