2022 will be a tough year for everyone world’s rich. The repercussions of the Corona virus continue to affect markets, the energy price crisis is hitting production chains, and the repercussions of the Russian war on Ukraine are plunging economies into a recession accompanied by levels of inflation not seen by major countries since the years of World War II.
A reality that can be clearly read in the losses that hit the world’s richest people, as the fortune of 9 out of the top ten fell by $226.7 billion in just 9 months since the beginning of this year. The losers are many on the Bloomberg 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. The wealth of the Emirati Abdullah Al Ghurair increased by $87.6 million to $4.84 billion, while the fortune of his Emirati son Youssef Ali declined by $162 million to $5.79 billion.
While the wealth of the Egyptian Nassef Sawiris increased by 94.9 million dollars to 6.6 billion dollars, the wealth of Saudi Al-Waleed bin Talal declined by 480 million dollars to 16.4 billion dollars, while the biggest loser among the Arab billionaires on the “Bloomberg” list is the Saudi Mohammed Al-Amoudi, whose fortune fell by 1.47 billion dollars to $5.24 billion.
Riches 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, the Indian billionaire Gautam Adani earned a huge amount of $ 72.6 billion during this period, bringing his total wealth to $ 148 billion and sits in the It ranks second among the world’s 500 richest people, according to the Bloomberg Billionaires Index. Gautam is the founder of the Adani Group, India’s largest port operator, and the Ahmedabad Infrastructure Group is also the largest producer and trader of thermal coal in India.
As for the nine losers, they are led by American Jeff Bezos, founder of Amazon, the largest online retailer in the world, as his fortune fell by 44.4 billion dollars to 148 billion dollars. He is followed by the French Bernard Arnault, owner of the Louis Vuitton brand and the largest manufacturer of luxury goods in the world, with a loss of $38.7 billion, and then the American Larry Page, with a loss of $33.5 billion.
The list goes on to include Tesla CEO Elon Musk, Microsoft founder Bill Gates, Warren Buffett, Sergey Brin, as well as Larry Ellison, Mukesh Ambani and Steve Ballmer.
Biggest losers and winners
Despite their large losses, the top ten billionaires are not the most profitable and losing among the list of 500 billionaires in the world. As the Frenchman of Lebanese origin, Rodolphe Saadeh and his family (the shipping sector), achieved an increase in profits of 176% during the first nine months of this year, bringing his fortune to 16.5 billion dollars.
As well, the fortune of the Brazilian Andre Esteves (the financial sector) jumped 155% to $ 6.85 billion, and the Swiss Gulami Bosaz (the financial technology sector) 153% to $ 19.4 billion, in addition to the Indian Gautam Adani (ports, real estate, coal), whose fortune increased by 94% to $148 billion, followed by the American Jeffrey Hildebrand (energy sector) by 85% to $11.9 billion.
The biggest loser is the American Arne Garcia (used car sector), whose fortune fell 67% to $4.9 billion, followed by the Canadian of Chinese origin Shapeng Zhao (cryptocurrency), who lost 67% of his fortune to $32 billion, and the Chinese Yang Huiyan (real estate). whose fortune fell 62% to $8.89 billion, followed by Russian Viktor Vekselberg (aluminum sector), down 59% to $7.53 billion. Finally, the Chinese Zhou Quinfei (technology sector), whose fortune fell 58% to $5.01 billion.
