2022 will be a difficult year for everyone rich in the world. The repercussions of the Corona virus continue to affect the markets, the crisis in energy prices affects the production chains and the repercussions of the Russian war on Ukraine are plunging economies into a recession accompanied by levels of inflation never seen by large countries from the World War II years.
A reality that can be clearly read in the losses that have hit the richest people in the world, given that the fortune of 9 of the top ten has fallen by 226.7 billion dollars in just 9 months since the beginning of this year. The losers are plentiful on Bloomberg’s list of the world’s 500 billionaires, and they are distributed among different sectors.
Arab share
In the calculation of wealth there is a share of Arab billionaires in the “Bloomberg” index. Emirati wealth Abdullah Al Ghurair increased by $ 87.6 million to $ 4.84 billion, while the fortune of his Emirati son Youssef Ali fell by $ 162 million to $ 5.79 billion.
While the wealth of Egyptian Nassef Sawiris increased by $ 94.9 million to $ 6.6 billion, the wealth of Saudi Al-Waleed bin Talal fell by $ 480 million to $ 16.4 billion, while The biggest loser among Arab billionaires on the Bloomberg list is Saudi Arabian Mohammed Al-Amoudi, whose fortune has dropped from $ 1.47 billion to $ 5.24 billion.
Wealth decreased and one increased
Among the ten richest people in the world, only one billionaire survived the decline in his wealth during the first nine months of 2022. In fact, Indian billionaire Gautam Adani earned a whopping $ 72.6 billion during this period. bringing his total wealth to $ 148 billion and ranks second among the 500 richest people in the world, according to the Bloomberg Billionaires Index. Gautam is the founder of the Adani Group, India’s largest port operator, and Ahmedabad Infrastructure Group is also India’s largest thermal coal producer and trader.
As for the nine losers, they are led by American Jeff Bezos, founder of Amazon, the world’s largest online retailer, as his fortune dropped from $ 44.4 billion to $ 148 billion. This is followed by Frenchman Bernard Arnault, owner of the Louis Vuitton brand and the largest producer of luxury goods in the world, with a loss of 38.7 billion dollars, and then the American Larry Page, with a loss of 33.5 billion. dollars.
The list continues to include Tesla CEO Elon Musk, Microsoft founder Bill Gates, Warren Buffett, Sergey Brin, as well as Larry Ellison, Mukesh Ambani and Steve Ballmer.
The biggest losers and winners
Despite the big losses, the top ten billionaires are not the most profitable and lose on the list of 500 billionaires in the world. As a French of Lebanese origin, Rodolphe Saadeh and his family (the maritime sector), achieved a 176% increase in profits during the first nine months of this year, bringing his fortune to $ 16.5 billion. .
The fortune of the Brazilian Andre Esteves (the financial sector) also jumped 155% to 6.85 billion dollars, and the Swiss Gulami Bosaz (the financial technology sector) by 153% to 19.4 billion dollars, in addition to the Indian Gautam Adani (ports, real estate, coal), whose fortune rose 94% to $ 148 billion, followed by American Jeffrey Hildebrand (energy sector) by 85% to $ 11.9 billion.
The biggest loser is American Arne Garcia (used car industry), whose fortune fell 67% to $ 4.9 billion, followed by Chinese-born Canadian Shapeng Zhao (cryptocurrency), who lost 67% of his fortune to $ 32 billion, and China’s Yang Huiyan (real estate), whose fortune fell 62% to $ 8.89 billion, followed by Russian Viktor Vekselberg (aluminum sector), down 59% at $ 7.53 billion. And finally, the Chinese Zhou Quinfei (technology sector), whose fortune fell 58% to 5.01 billion dollars.
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