Forbes The Richest People In America – After a tumultuous year in 2021, America’s 400 richest people suffered along with many Americans as inflation and falling markets. As a group, this year’s $400 is $500 billion poorer than a year ago. Their combined net worth is $4 trillion, down 11% from last year.
The minimum net worth required for a listing also dropped by $200 million to $2.7 billion. For the first time since the Great Recession, America’s ultra-rich are no richer than they were a year ago.
Forbes The Richest People In America
No one was hit harder than America’s tech tycoons, who lost $315 billion as share prices fell and the glut of venture capital eased. A total of 41 people have been kicked out this year, including Yahoo’s Jerry Yang, Rivian’s RJ Scaringe, and the Winklevoss twins thanks to the crypto winter. Meanwhile, Mark Zuckerberg, last year’s top three, dropped out of the top 10 for the first time since 2014. He is $76.8 billion poorer than a year ago, the biggest loss of anyone on the 2022 list.
The Richest People In America 2023
Elon Musk leads the 400 for the first time. Despite all the turmoil in his professional and personal life, Musk is about $60.5 billion richer this year thanks to an 11% rise in Tesla stock and new rounds of funding for SpaceX. He replaces Jeff Bezos, who is now No. 2 as Amazon’s stock has fallen 27%. Despite Bill Gates giving away $20 billion to his foundation earlier this year, Zuck moved up a spot to No. 3 thanks to a bad year.
The top 20 people on the list – the top 5% – are worth $1.6 trillion, accounting for 40% of the entire 400.
Amidst all the turmoil, 42 people joined or rejoined the ranks this year. The richest of the 20 newcomers is oil billionaire Autry Stephens, worth about $10 billion. It is one of 19 energy beneficiaries – 15 richer than in 2021 – a bright spot in a market downturn, given rising oil prices over the past year. Other notable newcomers include Elon Musk “fanboy” Leo Koguan, grocery wholesaler and artificial robotics billionaire Rick Cohen and Todd Boehly, who led the group that bought Chelsea Football Club for $3.1 billion in May and is one of 50 owners sports in the field. list of the year. Another 22 who made the previous 400 list and then dropped out are back in the elite club, including racing legend Roger Penske, Uber co-founder Travis Kalanick and Donald Trump.
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America’s richest people are as old as real estate mogul Ted Lerner and early Berkshire Hathaway investor David Gottesman, both 96, and 29-year-old Gary Wang, co-founder of cryptocurrency exchange FTX. A newcomer to the ranks, Wang is one of ten members of the under-40 list.
Of the 400 members, 275, or 69%, are largely self-made, having created their wealth rather than inheriting it. There is also a preponderance of men with a total of 58 women, which is 2 more than a year ago. Richest woman: Julia Koch, widow of David Koch of Koch Industries (d. 2019). Richest woman: Diane Hendricks, co-founder of building materials distributor ABC Supply.
Reexamined each list member’s giving and rated each person’s generosity on a scale from 1 (those who have given less than 1% of their wealth to date) to 5 (those who have given at least 20%). . More than half gave less than 5% of their wealth to others; only nine members of the list achieved 5 points.
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SEE THE FULL LIST 2022 400 OVER 400: America’s 20 Richest People Matt Durot 400 FOR 2022 Own Accounts: Silver Spoon Bootstrappers Carlos Sánchez Mark Zuckerberg MORE 1 Not Long Richest Americans Rachel Sandler, America’s Richest Team O2Wner02 MORE02 They’re at the Top by $235 Billion dollars poorer than a year ago, but their total value is still $1.6 trillion.
We have been spared the brunt of rising inflation and choppy markets this year, including billionaires.
41st Annual List of the 400 Richest Americans. As a group, this year’s top 20 are worth $1.6 trillion — down $235 billion from a year ago, roughly half of the $500 billion lost by all 400.
Forbes 400 Richest List 2019: Jeff Bezos, Bill Gates Still On Top
That’s a sharp drop from last year, when the top 20 added an unprecedented $500 billion to their collective wealth as asset prices rose, about 40% of the $1.3 trillion the list earned as a whole.
The biggest loser of the year was Mark Zuckerberg, who dropped out of the top 10 for the first time since 2014 as shares of Meta Platforms (formerly Facebook) surged 57%, helping him shed nearly $74 billion of his fortune. Eight other top 20 tech billionaires, including Microsoft co-founder Bill Gates and Google co-founders Larry Page and Sergey Brin, spent a combined $188 billion.
Despite these staggering losses, the minimum net worth required to be among this ultra-elite group actually rose slightly to $37 billion (from last year’s record $36 billion), as six of the top 20 included the former New group. to increase his wealth. Michael Bloomberg, Mayor of York City and co-founder of Bloomberg LP, Charles Koch, Chairman and CEO of Koch Industries, and Julia Koch (d. 2019), widow of Charles’ late brother David.
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Four of the top 20 are worth $100 billion or more, down from eight last year but two in 2020 and none in 2017. The wealth of the 400 richest Americans as of September 2 (date
Despite suffering a $44 billion takeover of Twitter, no one made more money than Elon Musk, the head of Tesla and SpaceX, which it sought to liquidate. Musk, who is worth an estimated $251 billion, is $60.5 billion richer than a year ago, thanks to an 11% rise in the electric car maker’s share price and a new round of financing that values the rocket maker at $127 billion. After overtaking the world’s richest man, Amazon’s Jeff Bezos, just weeks after the end of last year’s 400, Musk is now $100 billion richer than his space rival, whose wealth has fallen by $50 billion, the second-biggest decline since this year’s 400.
Two other winners, candy heirs John Mars and Jaqueline Mars, returned to the top 20 after missing out in 2021, replacing both of last year’s newcomers (and this year’s only top 20): investor Len Blavatnik (currently No. 22) ), whose stake in Warner Music Group has lost nearly 30% of its value over the past 12 months, and Stephen Schwarzman (No. 24), co-founder of alternative investment giant Blackstone.
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Here’s a closer look at the 20 richest people on the 2022 list of the 400 richest Americans (net worth as of September 2, 2022):
It was a wild year for Musk, who in November became the first person to be valued at $300 billion, before Tesla shares fell on fears of a broader market selloff and distracted investors when Musk agreed to buy Twitter for $44 billion. He also secretly fathered twins with the CEO of brain implant startup Neuralink last November. In May, he was accused of sexually assaulting a SpaceX flight attendant. Musk denied the allegation.
For the first time since 2017, Amazon’s founder and chairman fell off the top, with his net worth dropping by $50 billion as shares of the e-commerce giant fell more than 20%. Bezos will step down as CEO of Amazon in July 2021. Through his VC firm, he has invested in everything from digital media company Overtime Sports to Wildtype, which makes seafood from fish cells. In a public setback, his company Blue Origin had to suspend rocket launches in September. Meanwhile, Bezos ordered a superyacht so large that shipbuilder Oceanco had to demand the demolition of the historic bridge in Rotterdam to separate the vessel. The yacht, nearing completion, was eventually towed away after strong resistance as the bridge was still intact.
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In July, Gates announced that he had transferred $20 billion of his fortune to the Bill and Melinda Gates Foundation. The large donation accounts for most of the estimated $28 billion drop in his net worth over the past year. In 2015, Gates released a new book in May after seeing the return of an epidemic like Covid-19:
Ellison, who contributed $1 billion to Elon Musk’s Twitter bid, has reportedly been subpoenaed by Twitter in a contentious legal battle over the deal. The Oracle founder made headlines in May when it emerged he had joined a November 2020 conference call to discuss ways to overcome Donald Trump’s election loss. He paid Florida in June
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