As the World Billionaires List sees a massive drop, it’s clear that this year has been hands down the worst for a lot of the richest people on the planet.
According to the annual Forbes ranking of the world’s richest people, the number of spots on the World Billionaires List fell by 329.
That’s the worst year for billionaire drop-offs since the 2009 financial crisis.
Why did the World Billionaires List take such a big hit?
Multiple factors played into this, from the huge drop in global stock markets caused by Russia invading Ukraine to the regulatory crackdown that hit China’s top tech tycoons.
As a result, the biggest losses focused on these areas but also on the U.S.
|Country||Drop in billionaires|
Almost all Russian billionaires saw their fortunes decline or at least stagnate, with their total wealth decreasing by over $260 billion compared to a year ago. The giants of China’s tech industry also collectively lost over $87 billion of wealth.
But you see, despite all of these stats, I believe it’s never been an easier time to become a billionaire.
And if you play your cards right, you won’t lose your wealth.
How to create and maintain wealth — the smart way
Think about it. A few decades ago, creating wealth was not an option for the majority of the population. But now, with the internet and all the resources we have, becoming — and staying — rich is a matter of strategy.
Well, that’s what this year’s 10X Growth Conference was all about. I invited multiple billionaires to get on stage and share the secret strategy they followed to not only become super wealthy but actually maintain that status.
It was the highest net worth speaker line-up we have ever had.
If you missed it live, click here to grab the Official 3-Day Recording and experience the motivation that will get you closer to making the World Billionaires List yourself.
Disclosure: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.
We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice. We recommend seeking the advice of a financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.