Amid the ongoing war on Ukraine and the Covid-19 pandemic, the stock markets around the world faced a deep slide.
According to Forbes, the wealth of the world’s billionaires decreased by $400 billion from 2021.
“329 people fell off the billionaires’ list this year—the most since the 2009 financial crisis,” Forbes noted.
However, not everyone had a rough year, like Elon Musk who landed as the World’s richest person for the first time ever.
Plus, 236 new billionaires joined the list for the first time, including Rihanna.
Remarkably, a teenager made it to this year’s list of the billionaires under 30s. 19 years old Kevin David Lehmann, the heir of the German drugstore chain, is now the world’s youngest billionaire with a net worth of $2.4 billion.
Forbes calculated the wealth of the 2022 billionaires lists using stock prices and exchange rates from March 11 to calculate net worths.
Two Lebanese from the diaspora topped the top 10 of the Forbes 2022 Billionaires:
Gaining $18.4 billion since April 2021, and having a net worth of $81.2 billion, Mexico’s richest person has been on the Forbes billionaires’ list for many years. Helu is now the 13th richest person in the world.
Carlos Slim Helu has seen a rise of 42% in shares of Latin America’s biggest telecom firm, América Móvil.
In 2020, Slim sold his 10% stake in The New York Times when the stock was trading at more than $40 a share.
Slim and his family also hold a 79% stake in Grupo Carso, Latin America’s largest conglomerate.