New record as 10 super-rich people exceed $100bn fortunes

2021 marked the first time that 10 of the world's wealthiest individuals had more than $100 billion in net worth

New record as 10 super-rich people exceed $100bn fortunes
Steve Randall

With stock markets booming and asset valuations soaring, 2021 was a great year to be a multi-billionaire.

The world’s 500 richest people added US$1 trillion to their collective fortune last year. And, for the first time, 10 wealthy individuals saw their net worth exceed $100 billion.

Analysis of the Bloomberg Billionaires Index reveals that Elon Musk added $118 billion to his wealth in 2021, taking him to $273.5 billion.

This was pushed to more than $300 billion Monday as Tesla’s latest financial results elevated its valuation to $1 trillion; Musk’s fortune gained almost $34 billion, one of the largest ever one-day gains.

The 10 super-billionaires worth more than $100 billion at the end of 2021 were:

  1. Elon Musk                      $273.5bn
  2. Jeff Bezos                      $194.2bn
  3. Bernard Arnault            $177.1bn
  4. Bill Gates                      $138.3bn
  5. Larry Page                     $129.5bn
  6. Mark Zuckerberg           $128.4bn
  7. Sergey Brin                    $124.6bn
  8. Steve Ballmer                $120.7bn
  9. Warren Buffett               $109.5bn
  10. Larry Ellison         $108.1bn

How much are Canada’s wealthiest worth?

Looking at the latest Bloomberg Billionaire’s Index (published Jan 5, 2022), there are 14 Canadians included in the top 500.

Sherry Brydson, who leads the investment firm Woodbridge which controls Thomson Reuters, is ranked 145th globally with a US$14.4 billion fortune.

Shopify founder, Tobi Lutke, is Canada’s second wealthiest at $10.5 billion.

Three members of the Thomson family (and Woodbridge shareholders) complete the top 5 – David, Taylor, and Peter, with $8.85 billion each. Other Woodbridge shareholders, Linda Campbell and Gaye Farncombe, have $7.03bn each.

Among the rest are, James Pattison (Jim Pattison Group) with $8.57bn, Anthony von Mandl (Mark Anthony Group and maker of Mike’s Hard Lemonade) with $8.29bn, Joseph Tsai (Alibaba/Brooklyn Nets) with $7.11bn, James K. Irving (JD Irving) with $6.78bn, Chip Wilson (Lululemon) with $6.58bn, David Cheriton (Distributed Systems Group) with $6.31bn, and David Baszucki (Roblox Corp.) with $6.22bn.