2021 was very generous to the world’s wealthy

10 richest people added more than $400 billion to their fortunes


National News

January 1, 2022 - 7:09 PM

Elon Musk and son on stage for the TIME Person of the Year on Dec. 13, 2021 in New York City. (Theo Wargo/Getty Images for TIME/TNS)

It’s never a bad time to be a billionaire, but this is an especially good time to have a 10-figure bank statement.

The 10 richest people in the world added $402 billion to their already enormous fortunes in 2021. The biggest gainer was Elon Musk, who started the year with a net worth of $156 billion and will end it with around $277 billion, according to the Bloomberg Billionaires Index. The Tesla founder said he’s planning to pay more than $11 billion in taxes.

Musk’s $121 billion gain was smaller than the $140 billion he made in 2020, but was more than enough to make him the richest person alive by a long shot.

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