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The Tech Domination In The Bloomberg Billionaires Index

The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The figures are updated at the close of every trading day in New York. Today, the new rich people predominantly made their fortune in the tech or fintech industry.

On February 24, 2022, among the top 10 richest people in the world were seven who made their money with technology. Elon Musk is the #1. He laid the foundation of his incredible wealth as co-founder of the online payment service PayPal. Amazon founder Jeff Bezos is in second place. Microsoft founder Bill Gates and Google co-founder Larry Page are in 4th and 5th place. In between is Frenchman Bernard Arnault in 3rd place. He made his money in luxury items and fashion.

Otherwise, the only people in the top 10 who have not become rich from technology are investor Warren Buffet and Indian energy entrepreneur Mukesh Ambani. The technology entrepreneurs are the oligarchs in the cyberfinance age.

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