Rihanna, Peter Jackson and the other new entries

Article appeared on Forbes.com by Matt Durot

Despite a year marked by war, Covid-19 and weak markets, these lucky personalities have recently joined the billionaire club.

It was a bad year for billionaires. According to Forbes’ annual ranking of billionairesthere are 87 fewer and worth $ 400 billion less than a year ago. However, despite wars, pandemics and sluggish markets, over the past year a total of 236 people became billionaires (down from the record of 493 in 2021).

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Who are the new entries in the Forbes list of billionaires of 2022

These new entries come from 34 different countries. Despite its government’s technological crackdown, China has produced 62 new billionaires (including two from Hong Kong). The highest number of any other country.

Among these there are Chris Xu52 (with an estimated net worth of $ 5.4 billion), the mysterious founder of Shein, Gen Z’s favorite fast fashion giant, and 54-year-old engineering professor Tang Xiao’ou ($ 5.7 billion). His company SenseTime receives about half of its revenue from the Chinese Communist Party (US investors were barred from buying shares in its Hong Hong IPO in December due to sanctions).

The richest rookie comes from neighboring Taiwan. Zhang Congyuan, 74 years old ($ 11.7 billion), He is the richest person in his country. He is the founder of shoe manufacturer Huali Industrial, which produces footwear for dozens of brands, including Nike, Puma, UGG and Vans.

The US in command by the number of new entries

The United States boasts the second largest number of newcomers (50). Among them are the 28-year-old Gary Wang ($ 5.9 billion), who is the co-founder and chief technology officer of the Bahamas-based cryptocurrency exchange FTX, and the 44-year-old Scott Shleifer ($ 5 billion), which co-founded the private equity arm of hedge fund Tiger Global Management.

India completes the podium, with 29 new billionaires, including the 47-year-old hedge fund manager Karthik Sarma ($ 3.1 billion), whose company saw its 43% stake in Avis Budget Group more than fivefold in 2021, and the 95-year-old pharmaceutical billionaire Subba Rao Jasti ($ 1.1 billion), the oldest person added to this year’s list. The richest self-made woman in India, Falguni Nayar ($ 4.5 billion), he left investment banking a decade ago at the age of 49 to launch the Nykaa beauty and fashion line in November.

The women who entered the ranking of billionaires

Only 33 of the 236 new entrants on this year’s billionaire list are women and only 11 of them are self-made. Renata Kellnerova inherited an estimated $ 16.6 billion fortune along with her four children after her husband Petr Kellner, the wealthiest investor in the Czech Republic, died in a helicopter crash in March 2021. She is the newest billionaire in the ranking. rich. The richest Americans to join the list are: Edythe Broad ($ 6.9 billion), widow of late construction and insurance magnate and philanthropist Eli Broad, and Melinda French Gates ($ 6.2 billion), the ex-wife of Microsoft’s Bill Gates.

Sticking to the self-made women who hit the charts in 2022, no one is richer than the 34-year-old Melanie Perkins, co-founder and CEO of the graphic design app Canva, valued by investors last September 40 billion dollars. Perkins and his 36-year-old co-founder Cliff Obrecht ($ 6.5 billion each) have pledged to donate 30% of Canva – the “vast majority” of their holdings – to the Canva Foundation, with the aim of using those figures for charitable purposes. .

Among the new billionaires there are also Miranda Qu37-year-old ($ 1.8 billion), co-founder and president of Shanghai-based social media and e-commerce company Xiaohongshu, and 34-year-old pop star Rihanna ($ 1.7 billion), whose holdings in the Fenty Beauty cosmetics line and the Savage X Fenty lingerie business brought Barbados to the list for the first time.

Rihanna isn’t the only big name in the entertainment industry to hit the chart for the first time this year. The director of the Lord of the Rings Peter Jackson ($ 1.5 billion) became a billionaire in November when he sold a stake in his digital film special effects company Weta to Unity Software for about $ 975 million. And if the name of Leonid Radvinsky ($ 1.2 billion) may not remind you of anything, but you are probably familiar with OnlyFans, the best investment from the 40-year-old veteran of online porn.

Traditional and innovative investors

Although global markets are uncertain, the financial and investment sector produced more new billionaires (45) this year than any other sector. There are traditional investors like the 36-year-old Josh Kushner ($ 2 billion), whose venture capital firm Thrive Capital was valued at $ 3.6 billion by investor Goldman Sachs last May, and the 53-year-old Ramzi Musallam ($ 4 billion), which raised the assets of private equity firm Veritas Capital to $ 39.5 billion, up from $ 2 billion in 2012, when founder Robert McKeon committed suicide.

Financial newcomers also include fintech innovators looking to disrupt the status quo, including the two youngest new billionaires on the list: the 25-year-old. Pedro Franceschi and the 26-year-old Henrique Dubugras ($ 1.5 billion each) and the Brazilian co-founders of corporate credit card startup Brex, which was valued by investors at $ 12.3 billion in January.

Among the news, the Ukrainians founders of Grammarly

Brex wasn’t the only decacorn to make its founders billionaires. Around the world last year, 30 startups surpassed the $ 10 billion valuation, double the amount in 2020.
Many are tech companies, leading the tech sector to add 38 newcomers to this year’s list, including Alex Shevchenko And Max Lytvyn ($ 4 billion each), the 42-year-old Ukrainian co-founder of the grammar check tool Grammarly, which was valued by investors at $ 13 billion in November.

Then there are the co-founders of OpenSea’s NFT market, the 31-year-old Devin Finzer and the 30 year old Alex Atallah ($ 2.2 billion each), which became billionaires when the business was valued at $ 13.3 billion in a January funding round. In February, the 34-year-old Nikil Viswanathan and the 32-year-old Joe Lau ($ 2.4 billion each), have closed a funding round for their startup, Alchemy, valued at $ 10.2 billion, whose software powers thousands of blockchain-based IT companies. Not bad considering the couple started the business less than two years ago.

The manufacturing sector has produced 36 new billionaires this year, including the 65-year-old Susan Carol Holland ($ 3.8 billion), president of Amplifon, based in Milan, the world’s largest hearing aid retailer, founded by his late father Algernon Charles Holland in 1955. Also another Italian, Giuseppe Crippa, 86, ($ 3.2 billion), made his debut on this year’s list, three decades after he founded Technoprobe in his garage. The leading company in the semiconductor and microelectronics sector based in Cernusco Lombardone was listed on the Euronext Milan stock exchange in February.

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