World Billionaires List Drop-off Oleg Tinkov
Russian banking giant Oleg Tinkov, whose net worth dropped from $4.7 billion to $700 million. Photo: Twitter / @JonnyTickle

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.

CountryDrop in billionaires
United States33

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.

H/T: Forbes

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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.

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