Every month, Forbes compiles a new list of the world's billionaires based on their individual fortunes. This is a dynamic list that is constantly updated to reflect changes in people's net worth and the growth or decline of their assets. This is the monthly installment of the top 10 most influential people in the world, for the month of October 2022.
With a fortune of $273.5 billion, Elon Musk ranks first among the world's richest people. After rising to second place on Forbes' Real-Time billionaire rankings with a net worth of $155.5 billion, Indian businessman Gautam Adani fell to third place as share prices dropped.
World's 10 Wealthiest People in 2022, According to the Most Recent List
This is the most up-to-date list of the top 10 wealthiest people in the world, as compiled by Forbes from their Real-Time billionaire rankings.
1. Elon Musk – $223.8 billion
Elon Musk's companies, Tesla and SpaceX, are both aiming to change the transportation industry in fundamental ways. While Elon Musk's net worth is currently $264 billion, Tesla, his electric car company, is now valued at about $800 billion.
SpaceX, Musk's rocket firm, is currently worth close to $100 billion. With a market capitalization of $800 billion in October 2021, Tesla surpassed Toyota to become the most valuable automaker in the world.
2. Bernard Arnault & Family – $157.2 billion
Bernard Arnault, Chairman and Chief Executive Officer of LVMH – France, is the fourth richest person on the planet. In total, his corporate empire of more than 70 brands—including Louis Vuitton and Sephora—contributes $157.2 billion to his wealth.
Bernard Arnault, a French businessman, and Europe's richest man amassed his $100 billion fortune in December of last year.
3. Gautam Adani and Family – $131.2 billion
Adani Group founder Gautam Adani has invested his multibillion-dollar fortune in a variety of industries, including the energy market, transportation, agriculture, and aerospace.
Adani is the richest man in Asia because his company, the Adani Group, is a worldwide corporation that focuses on port operations and advancements in India.
4. Jeff Bezos – $126.9 billion
Jeff Bezos, creator, and CEO of Amazon has a $126.9 billion fortune, making him the world's second-wealthiest individual. After divorcing MacKenzie in 2019 and giving her 25% ownership in Amazon, he is still in the same position he was in before the divorce.
Bezos started the massive online retailer from his Seattle garage in 1994. The increase in online purchases has been a boon to the e-commerce behemoth during the coronavirus outbreak.
5. Warren Buffet – $104.5 billion
Warren Buffet, sometimes known as “The Oracle of Omaha,” is widely regarded as one of the most prosperous businesspeople of all time. He is the CEO of Berkshire Hathaway, an organization that controls sixty different businesses, including household names like Geico Insurance, Duracell Batteries, and Dairy Queen.
His wealth is estimated at $104.5 billion. He was the son of a United States congressman and had already purchased his first share of stock by the time he was 11 years old.
6. Bill Gates – $102.9 billion
Bill Gates, along with Melinda Gates, established the Bill & Melinda Gates Foundation and amassed a fortune of $102.9 billion. After co-founding Microsoft with Paul Allen and seeing the company grow to become a software industry powerhouse, Bill Gates sold most of his shares and invested the proceeds elsewhere.
In April of last year, after a post-earnings Microsoft share price rise, Bill Gates joined the ranks of the world's billionaires. When it comes to private philanthropies, none compare in size to the Bill & Melinda Gates Foundation.
7. Larry Ellison – $102.5 billion
Oracle, a software company Ellison co-founded in 1977, is responsible for the vast majority of Ellison's $102.5 billion fortune. Since resigning as CEO in 2014, he has served in the roles of chairman of the board and chief technology advisor.
After purchasing 3 million shares in Tesla in early 2018, Ellison was elected to the board of directors in December 2018. He essentially has the whole island of Lanai in Hawaii.
8. Mukesh Ambani – $89.2 billion
The petrochemical, oil and gas, retail, and telecommunications industries are all areas of interest for the founder and chairman of Reliance Industries.
As a result of Reliance's 2016 introduction of 4G phone services to the Indian telecom industry, the price of these services has fluctuated wildly, causing the collapse of multiple networks.
9. Larry Page – $83.5 billion
Larry Page, Google's co-founder, is the seventh-wealthiest person on the planet with a net worth of $94.9 billion. Besides sponsoring “Flying Car” startups Kitty Hawk and Opener, he has also backed the well-known space exploration business Planetary Resources.
10. Carlos Slim Helu & family- $81.6 Billion
As of September 14, 2022, Carlos Slim Helu was the wealthiest man in Mexico, with an estimated net worth of $81.6 billion U.S. dollars.