Elon Musk has risen to second place on Forbes’ 35th Annual Billionaires List for 2021.
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Musk had the biggest dollar gain on the list this year, according to Forbes, with a fortune of $ 151 billion, an increase of $ 126.4 billion compared to $ 24.6 billion last year, when the Tesla executive and SpaceX was ranked 31st. Tesla shares have risen about 705% over the past year.
|TSLA||TESLA, INC.||691.62||+0.57||+ 0.08%|
Yet Musk is still behind Amazon CEO Jeff Bezos, who stands as the world’s richest person for the fourth year in a row, worth $ 177 billion in 2021, $ 64 billion more than a year ago. , as a result of the increase in Amazon shares.
|LVMUY||LVMH MOËT HENNESSY LOUIS VUITTON SE||137.48||-0.39||-0.28%|
|full board||FACEBOOK, INC.||306.26||-2.65||-0.86%|
Rounding out the Top 5 is LVMH CEO Bernard Arnault with $ 150 billion, Microsoft co-founder Bill Gates with $ 124 billion, and Facebook CEO Mark Zuckerberg with $ 97 billion.
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Meanwhile, Berkshire Hathway CEO Warren Buffett was knocked out of the Top 5 for the first time since 1993, though he’s still worth a whopping $ 96 billion.
|BRK.A||BERKSHIRE HATHAWAY, INC.||396,900.00||+1,365.00||+ 0.35%|
|ORCL||ORACLE CORP.||74.28||+0.12||+ 0.16%|
He joins Oracle CEO Larry Ellison ($ 93 billion), Google co-founders Larry Page ($ 91.5 billion) and Sergey Brin ($ 89 billion) and Reliance Industries Limited Chairman Mukesh Ambani ($ 84.5 billion) in the Top 10.
Together, the 10 men are worth a combined $ 1.15 trillion, two-thirds more than last year’s $ 686 billion.
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The total number of billionaires on the Forbes list added 660 people in the last year, reaching an unprecedented number of 2,755 people, who are worth a combined $ 13.1 trillion, up from $ 8 trillion on the 2020 list. Approximately 86% of all billionaires are richer than a year ago.
The United States leads its peers with a total of 742 billionaires, but China is closing the gap with 698 billionaires, including 71 from Hong Kong and one from Macau. India has the third highest number of billionaires, with a total of 140.
Added to the list is a record 493 newcomers, including 210 from China and Hong Kong and 98 from the United States. The richest newcomer is Miriam Adelson ($ 38.2 billion), the widow of casino mogul Sheldon Adelson, who died in January. Other notable newcomers include TV and film producer Tyler Perry and Whitney Wolfe Heard, co-founder of the dating app Bumble and the world’s youngest self-made billionaire woman.
Some of those newcomers made their riches through cryptocurrencies, special purpose acquisition companies (SPACs), traditional IPOs and COVID-related healthcare, the media company said.
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About 106 of the members on the list are under the age of 40, two-thirds of whom are self-taught.
The youngest billionaire on the list is 18-year-old German Kevin David Lehmann, whose father, Guenther Lehmann, transferred his stake in the drugstore chain dm-drogerie mkt to him. Meanwhile, the oldest self-made billionaire is Mercury Insurance founder George Joseph at 99.
A record 1,975 self-made billionaires, or 72% of the list in 2021, up from 1,457, or 70% of the list in 2020.
Forbes also saw the fewest casualties on its list in a decade with a total of 61 people, including Kardashian family member and makeup entrepreneur Kylie Jenner and West Virginia Governor Jim Justice.
The 2021 list was compiled using March 5 stock prices and exchange rates to calculate net values.