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Elon Musk moved up to second place on Forbes’ 35th annual list of billionaires for 2021.
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Musk had the biggest dollar gain on this year’s list, according to Forbes, with a fortune of $ 151 billion, an increase of $ 126.4 billion compared to $ 24.6 billion last year, when the executive at Tesla and SpaceX ranked 31st. Tesla’s shares were up about 705% last year.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| TSLA | TESLA, INC. | 691.62 | +0.57 | + 0.08% |
| AMZN | AMAZON.COM, INC. | 3,223.82 | -2.91 | -0.09% |
However, Musk is still behind Amazon CEO Jeff Bezos, who stands out as the richest person in the world for the fourth consecutive year, raising $ 177 billion in 2021, $ 64 billion more than a year ago, as result of the increase in Amazon’s shares.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| LVMUY | LVMH MOËT HENNESSY LOUIS VUITTON SE | 137.48 | -0.39 | -0.28% |
| MSFT | MICROSOFT CORP. | 247.86 | -1.21 | -0.49% |
| FB | FACEBOOK, INC. | 306.26 | -2.65 | -0.86% |
Completing 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 eliminated from the Top 5 for the first time since 1993, although it is still worth a whopping $ 96 billion.
| Ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| BRK.A | BERKSHIRE HATHAWAY, INC. | 396,900.00 | +1,365.00 | + 0.35% |
| ORCL | ORACLE CORP. | 74.28 | +0.12 | + 0.16% |
| GOOGL | ALPHABET, INC. | 2,209.26 | -9.70 | -0.44% |
He joined Oracle CEO Larry Ellison ($ 93 billion), Google co-founders Larry Page ($ 91.5 billion) and Sergey Brin ($ 89 billion) and Reliance Industries Limited president Mukesh Ambani (US $ 84.5 billion), among the top 10.
Together, the 10 men are worth together $ 1.15 trillion, two-thirds up from $ 686 billion last year.
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The total number of billionaires on the Forbes list added 660 people last year, reaching an unprecedented 2,755 people, worth a combined total of $ 13.1 trillion, up from $ 8 trillion on the 2020 list. About 86% of all billionaires are richer than they were a year ago.
The United States leads its counterparts 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 largest number of billionaires, with a total of 140.
Joining 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 film and television producer Tyler Perry and Whitney Wolfe Heard, the co-founder of the dating app Bumble and the youngest self-made billionaire in the world.
Some of these newcomers earned their wealth through cryptocurrencies, special-purpose acquisition companies (SPACs), traditional IPOs and COVID-related healthcare, the media company said.
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Approximately 106 of the list’s members are under 40, two-thirds of whom are independent.
The youngest billionaire on the list is Kevin David Lehmann, 18, from Germany, 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, aged 99.
A record 1,975 billionaires is made on its own, or 72% of the 2021 list, compared to 1,457, or 70% of the list in 2020.
Forbes also saw the lowest number of dropouts on its list in a decade, with a total of 61 people, including a member of the Kardashian family and makeup entrepreneur Kylie Jenner and West Virginia Governor Jim Justice.
The 2021 list was compiled using stock prices and 5 March exchange rates to calculate shareholders’ equity.