Ten Richest Men in the world (2022)
The influence of billionaires on the world’s politics, economy, and philanthropy is enormous. According to Forbes, there will be 2,668 billionaires in the world in 2022.
The wealthiest of them are members of an even more exclusive club and have even more influence. Many of these billionaires are the founders of industry titans in technology, and a large portion of their wealth is still vested in the businesses they founded.
Depending on their most recent net worth and financial performance, the list of the world’s richest people can change from year to year. Based on the current Forbes List as of June 16, 2022, here is the most recent list of the top 10 richest people in the world, along with some interesting information about each one.
10. Steve Ballmer
Age: 66
Residence: Washington
Owner: Los Angeles Clippers
Net Worth: $95.9 billion
Microsoft Ownership Stake: 4% ($86.8 billion total)
Other Assets: Los Angeles Clippers ($3.16 billion private asset), $6.0 billion in cash
After being persuaded by Bill Gates to withdraw from Stanford University’s MBA program, Steve Ballmer joined Microsoft in 1980. He was the 30th employee of Microsoft. In 2000, Ballmer succeeded Gates as the CEO of Microsoft. He served in that capacity until resigning in 2014. Ballmer oversaw Microsoft’s $8.5 billion acquisition of Skype in 2011.
Ballmer is the company’s largest individual shareholder, with an estimated 4% ownership stake. Just a few months after he left his position as CEO of Microsoft, Ballmer paid $2 billion for the Los Angeles Clippers basketball team.
While they were both students at Harvard, Bill Gates and Steve Ballmer shared a floor and a dorm. When Ballmer began pushing the tech company into hardware during his time as CEO, such as the Surface tablet and the Windows mobile phone, the “brotherly” relationship between the two soured.
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9. Mukesh Ambani
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Age: 65
Residence: Mumbai, India
Chair and Managing Director: Reliance Industries
Net Worth: $96.0 billion
Reliance Industries’ Ownership Stake: 42% ($96.5 billion)
Other Assets: Mumbai residential property ($410 million private asset)
The son of a clerk for a trading company, Mukesh Ambani was born in Yemen under British rule. The following year, his father, Dhirubhai Ambani, returned to India and established a spice trading company while residing with his family in a two-room apartment in Mumbai. Dhirubhai Ambani started his first textile mill in 1966. Reliance Industries, his company, was listed on the Mumbai stock exchange in 1977, and since then, it has amassed a sizable and devoted shareholder base.
The University of Mumbai awarded Mukesh Ambani a chemical engineering degree. He has served on the board of directors of Reliance since 1977.
In order to pursue a master’s in business administration, Mukesh Ambani enrolled at Stanford University in 1979. However, he left the school without receiving his degree in 1981 and went back to India to manage Reliance’s expansion into the petrochemical, oil refining, and oil and gas drilling industries.
After Dhirubhai Ambani had a stroke and passed away in 2002, Mukesh and his brother Anil took over as co-presidents of Reliance. As the brothers fought for dominance, their mother mediated a settlement in 2005 that divided the business, giving Mukesh control over the refining, petrochemicals, oil and gas, and textile operations, while Anil’s group was given control over the telecom, power, entertainment, and financial services assets.
The brothers’ conflict persisted until 2010, when they reached a legal agreement regarding natural gas and ended the non-compete clauses that were part of the 2005 settlement. With the first agreement between the subsidiaries of their respective companies, a $220 million agreement to share a fiberoptic network, Mukesh and Anil Ambani appeared to put the past behind them in 2013.
