While the world’s 500 richest saw fortunes plummet, Middle Eastern tycoons were the only group to post gains amid the market turmoil sparked by Trump’s tariffs
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Markets meltdown: Who is the richest person in the world right now?
The global stock market sell-off, triggered by fears of a potential US recession and weak economic data, has significantly impacted the fortunes of the world’s wealthiest individuals
High Net Worth Individuals
World’s richest now see wealth surge to record levels as stocks recover from instabilty: Report
The sharp increase in wealth among the world’s richest has intensified debates about economic inequality and the need for the super-rich to pay more taxes
Elon Musk
Jeff Bezos overtakes Elon Musk as world’s wealthiest individual
Bezos’ fortune now stands at $200.3 billion as against $197.7 billion of Musk, according to Bloomberg Billionaires Index
Richest Arabs
Saudi Arabia: One of world’s richest doctors sees fortune surge to almost $12bn
The billionaire, whose healthcare chain is now worth $28 billion, saw the stock of his company surge 30%
India
India among top countries with high income, wealth inequality: UNDP report
The top 10 percent of the population controls 65 percent of India’s total wealth
Billionaire
Global minimum tax on billionaires could generate $250bn annually, report says
Billionaires’ personal tax in the US is estimated to be close to 0.5 percent and as low as zero in otherwise high-tax France
Billionaire
Elon Musk tops list of world’s richest people with $96.6bn gain
Billionaires see $852 billion wealth surge in first half of 2023
Bernard Arnault
Elon Musk regains world’s richest person slot as Arnault’s LVMH sinks
Elon Musk’s fortune is now valued at about $192.3 billion, while Arnault’s is about $186.6 billion
Bernard Arnault
How the world’s richest person Bernard Arnault lost over $11 billion in a day
Despite this setback, Arnault’s net worth remains substantial at $191.6 billion, according to the Bloomberg Billionaires Index
Bernard Arnault
LVMH joins $500bn club, set to beat Tesla as world’s ninth-biggest listed company
On Monday, LVMH became the first European company to cross $500 billion in market value
Billionaire List
India’s richest 1% own more than 40% of total wealth: Oxfam
Half of the country’s population together share just three percent of the wealth
Elon Musk
Elon Musk $182bn largest-ever loss of personal fortune earns him Guinness World Record
Musk is also now the second richest person in the world
Bernard Arnault
Who is Bernard Arnault? The world’s richest man that dethroned Elon Musk
This is the first time Arnault topped the list of the wealthiest people
Elon Musk
Elon Musk dethroned as the richest person in the world
Musk was worth $181.3 billion when the markets closed on Monday and showed a drop of $7.4 billion in a day, whereas Arnault is valued at $186.2 billion
Billionaire List
Video: Who are the richest Indians in the UAE?
The total wealth of this year’s 20 richest Indians in the UAE list surpasses $50bn for the first time. It’s an astonishing number – especially bearing in mind that several of them, such as Yusuffali MA, started out with virtually nothing. The Lulu Group founder was a virtually penniless man when he made his way to the UAE in 1973 on a small boat to work in his uncle’s tiny distribution company. His company now has a turnover of $7.4bn and a workforce of 46,000.