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For most people, it’s hard to imagine having a million dollars, or even a billion dollars. But for the richest people in the world, total fortunes of $1 billion and more are a reality.
To put this into perspective, the median net worth of all American households was $121,700 in 2019, according to the Federal Reserve. $1 billion is nearly 8,217 times that of her.
Of course, even with a billion dollar fortune, not all are equal. Some barely cross the finish line, but the richest of the rich have accumulated so much money that they are in a league of their own.
Still, making a billion dollars is pretty cool, and more people than you can imagine are making it. In fact, this level of wealth is much more widespread than it used to be.
Are you ready to find out how many billionaires there are in the world right now? Read on to find out.
How many millionaires will there be in the world in 2022?
Achieving millionaire status is a huge deal, but it’s not as difficult as it used to be. Today, there are more than 19 times more billionaires in the world than he was in 1987.
Specifically, according to Forbes, there will be 2,668 billionaires as of March 11, 2022. But in 1987, only 140 people belonged to billion-dollar luxury clubs.
Most of the world’s billionaires are from the United States, with 735 as of March this year, according to Forbes. Next are China (539th), India (166th), Germany (134th) and Russia (83rd).
Who is the richest person in the world?
Now that you know how many millionaires there are in the world, you’re probably wondering who is the richest. Definitely much richer than most.
According to Forbes Real-Time Billionaires List, 7 out of the 10 richest people on the planet live in the United States, and they are all men. Some are self-made individuals, while others are grouped together under family empires.
The title of richest person in the world tends to bounce back and forth between Elon Musk and Jeff Bezos, but now it’s led by the founders of Tesla, SpaceX and The Bowling Company. Let’s take a look at Musk and the net worth of the nine richest people on the planet as of September 2nd.
1. Elon Musk, $250.5 billion
Musk’s net worth has skyrocketed in recent years. Still an incredible amount, but the 51-year-old founder of six companies had just $24.6 billion in his 2020 net worth.
2. Bernard Arnault and family, $155.1 billion
Bernard Arnault, 73, based in France, heads luxury goods company LVMH. His 75 luxury brands at LVMH include Louis Vuitton, Marc Jacobs, Christian Dior, Tiffany & Co., Bulgari, Don He Perignon, Moët & Chandon. According to Forbes, his net worth has surged from $72 billion in 2018 to $158 billion in 2022.
3. Jeff Bezos, $151.9 billion
Jeff Bezos, who founded Amazon from his Seattle garage in 1994, has become one of the richest people in the world. The 58-year-old said he stepped down as CEO of the company in July 2021 and is now its chairman.
4. Gautam Adani and his family, $147 billion
Adani Group, a 60-year-old Adani conglomerate, is a self-built infrastructure tycoon holding real estate, commodities, infrastructure, power generation and transmission. In September 2020, it acquired his 74% stake in Mumbai International Airport, making it India’s largest airport operator.
5. Bill Gates, $106.3 billion
The 66-year-old Microsoft co-founder stepped down from the company’s board in March 2020, but remains one of the world’s richest people.
6. Larry Ellison, $103 billion
The 78-year-old co-founded the software company Oracle, where he still serves as Chairman and Chief Technology Officer.
7. Warren Buffett, $96.7 billion
One of the most successful investors of all time, Warren Buffett made his fortune as CEO of Berkshire Hathaway. The 92-year-old, who is still working today, has seen a significant increase in his net worth since 2018 when he was worth an estimated $84. a billion.
8. Larry Page, $92.8 billion
The fortune of 49-year-old Larry Page, the co-founder of Google’s parent company Alphabet, has skyrocketed since he was worth $48.8 billion in 2018. Previously, he was CEO of Google, but after the parent company was formed in 2015, he transitioned to a top position at Alphabet, a role he eventually took over in December 2019. I resigned.
9. Mukesh Ambani, $92.2 billion
Based in India, 65-year-old Mukesh Ambani is Chairman and Managing Director of Reliance Industries Ltd. The company has a vast portfolio spanning retail, entertainment, digital services, energy and materials.
10. Sergey Brin, $88.9 billion
After co-founding Google, 49-year-old Sergey Brin became president of Alphabet when the company reorganized in 2015. He stepped down from the role with his Page in December 2019.
The world’s ‘poorest’ billionaire
For the average person, millionaires are rich beyond comprehension. However, there are different tiers of wealth for the top 1% of the world.
For example, the Forbes 2022 World Billionaires List has nearly 750 people with net worths of $1.5 billion or less as of March 11th. That’s clearly a big difference from Musk’s current $250.5 billion fortune.
In fact, only about 200 people on the list have net worths above $10 billion as of March. Thus, we see a distinct wealth hierarchy even among billionaires.
For assets under $2 billion, there are quite a few recognizable names on the list. According to Forbes real-time data, here are the most famous names that have made the world’s billionaire list and their current net worth as of September 2nd.
- Kanye West, Entrepreneur and Musician, $2 Billion
- Tim Cook, CEO of Apple, $1.8 billion
- Kim Kardashian, reality TV star, entrepreneur, $1.8 billion
- Michael Jordan, retired NBA star, $1.7 billion
- Retiring Meta Chief Operating Officer and former Google exec Sheryl Sandberg for $1.5 billion
- Jamie Dimon, JPMorgan Chase CEO, $1.4 billion
- Jay-Z, rapper, entrepreneur, $1.3 billion
- Spanx founder Sarah Blakely, $1 billion
- Tyler Perry, actor and filmmaker, $1 billion
Therefore, when considering how many billionaires there are in the world, you should also consider each person’s net worth. All are incredible, but $1 billion, $20 billion, and $50 billion are vastly different fortunes.
How many trillionaires are there in the world?
Reaching millionaire status is something that even the richest people in the world have yet to achieve. This has everyone wondering: who will be the first millionaire Only time will tell if Musk wins the race or another billionaire beats him.?
The number of billionaires has skyrocketed over the past 35 years, and we expect that number to continue to grow. It may be hard to believe, but in 1987—he had only 140 millionaires—in 2022 he probably never imagined there would be 2,668 millionaires. It must have been.
If the billionaire surge continues on its current course, in 35 years there will be 19 times more people in the club than there are now. This means that by 2057 he will be over 50,000 millionaires.
The idea of anyone reaching billionaire status probably sounds unimaginable, but if so many other people can amass billions of dollars, someone like Musk It may seem a little more out of reach for you.
Only time will tell if this trend will continue or if the rise in new billionaires is just temporary. Keep a close eye on what happens over the next few years.
Data compiled as of September 2, 2022 and subject to change. Information on net worth was obtained from Forbes Real-Time Billionaires data.
Our in-house research team and local financial experts work together to create accurate, fair and up-to-date content. We fact-check all statistics, quotes and facts using key reputable resources to ensure that the information we provide is correct. You can learn more about the GOBankingRates process and standards in our editorial policy.
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