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Elon Musk on the top as Forbes issues list of world's richest people

12:20 PM | 11 Apr, 2022
Elon Musk on the top as Forbes issues list of world's richest people
Source: Elon Musk (Twitter)

Tesla founder Elon Musk for the first time topped the world’s billionaires list compiled by popular magazine Forbes.

According to Forbes’ 36th-annual ranking of the planet’s richest people, there are 2,668 billionaires included in the list with their collect net worth stands at $12.7 trillion, $400 billion less than in 2021, Forbes said in its report.

It added that 87 people, who were part of the list last year, could not make it to the list as war, pandemic and sluggish markets hit the world’s billionaires this year.

Furthermore, “236 newcomers have become billionaires over the past year—including the first ever from Barbados, Bulgaria, Estonia and Uruguay,” read Forbes report.

Jeff Bezos is the second riches person followed by Brenard Arnault & family and Bill Gates. Indian business tycoon Mukesh Ambani and Gautam Adani & family have secured tenth and 11th spots, respectively.

The US still leads the world, with 735 billionaires worth a collective $4.7 trillion, while Russia and China saw a drop in number of their billionaires.

The report said that the Russian witnessed a drop of 34 billionaires from the list due to Vladimir Putin’s invasion of Ukraine, adding that a Chinese government crackdown on tech companies has led to 87 fewer Chinese billionaires on the list.

Still, Forbes found more than 1,000 billionaires who are richer than they were a year ago.

China (including Macau and Hong Kong) remains number two, with 607 billionaires worth a collective $2.3 trillion.

Forbes used stock prices and exchange rates from March 11, 2022 to calculate net worth of the billionaires. 

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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