Almost all of South Africa’s super-wealthy individuals have seen their fortunes grow over the last 12 months, with two local billionaires now ranked among the richest 250 people in the world.
Like South Africa’s billionaires, the global elite were slaves to the global marketplace, hit by the Covid pandemic, sluggish markets, and more recently, the Russian invasion of Ukraine.
While many billionaires hit is big and saw their wealth boosted by these events, not all were as lucky. Counting 2,668 billionaires in 2022, the Forbes ranking was 87 people lighter than in 2021.“The most dramatic drops have occurred in Russia, where there are 34 fewer billionaires than last year following Vladimir Putin’s invasion of Ukraine, and China, where a government crackdown on tech companies has led to 87 fewer Chinese billionaires on the list,” Forbes said.
“Still, [there are] more than 1,000 billionaires who are richer than they were a year ago. And 236 newcomers have become billionaires over the past year,” it said. There were two notable changes among the top 10 this year – the first being a new global number one in Elon Musk, with an estimated net worth of $219 billion, up 45% from last year.The second notable change is that Meta founder Mark Zuckerberg has dropped out of the top 10 entirely, now ranking 15th overall.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rhodes University honours remarkable South Africans at first face-to-face graduation ceremonies | News24Rhodes University will honour will four remarkable South Africans at its first face-to-face graduation ceremonies since the start of the Covid-19 pandemic. | MaliDayimani
Read more »
Black Coffee thanks South Africans for supportBlack Coffee's album 'Subconsciously' won him his first Grammy in the Best Dance-Electronic Album category.
Read more »