Popular American magazine Forbes has issued *its 36th annual rankinglinkthe world’s richest people. Compared to last year, 87 people failed to makeit to the list as war, the COVID-19 pandemic and slow markets badly hit theworld’s billionaires this year.
According to Forbes, there are 2,668 billionaires included in the list with236 new comers, while 1,000 billionaires are richer now than they were ayear ago.
America still leads the world, with 735 billionaires worth a collective$4.7 trillion (almost Rs867 trillion). This includes Elon Musk, the CEO ofTesla Motors, who topped the World’s Billionaires list for the first time,while China (including Macau and Hong Kong) remained number two, with 607billionaires worth a collective $2.3 trillion (almost Rs424 trillion).
Surprisingly, Russia and China witnessed a major drop in the number ofbillionaires. In Russia, there are 34 fewer billionaires than last yearfollowing Putin’s invasion of Ukraine, while in China, a governmentcrackdown on tech companies has led to 87 fewer billionaires on the list.
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According to the Forbes magazine, Indian businessman Mukesh Ambani,chairman of Reliance Industries is the 10th richest person in the world,followed by Infrastructure tycoon Gautam Adani and his family, who claimedthe 11th spot on Forbes’ annual world’s billionaires list.
“We used stock prices and exchange rates from March 11, 2022 to calculatenet worths,” said the magazine.
