• Francoise Bettencourt Meyers, granddaughter of French pharmacist and L’Oreal founder Eugene Schueller, is the world’s richest woman, at $74.8 billion.
    Francoise Bettencourt Meyers, granddaughter of French pharmacist and L’Oreal founder Eugene Schueller, is the world’s richest woman, at $74.8 billion.
  • Alice Walton, daughter of Walmart founder Sam Walton, saw her fortune increase by an estimated $3.5 billion to reach $65.3 billion, 'Forbes' reported. AFP
    Alice Walton, daughter of Walmart founder Sam Walton, saw her fortune increase by an estimated $3.5 billion to reach $65.3 billion, 'Forbes' reported. AFP
  • Julia Koch, the widow of US industrialist David Koch, has a net worth of $60 billion. AFP
    Julia Koch, the widow of US industrialist David Koch, has a net worth of $60 billion. AFP
  • MacKenzie Scott has donated about $12.5bn to charity since divorcing Amazon founder Jeff Bezos in 2019, but still has a net worth of $43.6bn, 'Forbes' reports. AP
    MacKenzie Scott has donated about $12.5bn to charity since divorcing Amazon founder Jeff Bezos in 2019, but still has a net worth of $43.6bn, 'Forbes' reports. AP
  • Jacqueline Mars, who inherited an estimated one-third of Mars Incorporated, the international sweets and pet food company behind brands such as M&M’s, is worth $31.7bn. EPA
    Jacqueline Mars, who inherited an estimated one-third of Mars Incorporated, the international sweets and pet food company behind brands such as M&M’s, is worth $31.7bn. EPA
  • Georgina Rinehart, chairwoman of Australia's Hancock Prospecting, which was founded by her father Lang Hancock, has a net worth of $30.2 billion. Getty Images
    Georgina Rinehart, chairwoman of Australia's Hancock Prospecting, which was founded by her father Lang Hancock, has a net worth of $30.2 billion. Getty Images
  • Miriam Adelson, who is worth $27.5bn, controls interests in the casino industry after the death of her husband Sheldon Adelson last year. AFP
    Miriam Adelson, who is worth $27.5bn, controls interests in the casino industry after the death of her husband Sheldon Adelson last year. AFP
  • Susanne Klatten, estimated by 'Forbes' to be worth $24.3bn, inherited about 19 per cent of German car maker BMW and owns chemicals company Altana. Getty Images
    Susanne Klatten, estimated by 'Forbes' to be worth $24.3bn, inherited about 19 per cent of German car maker BMW and owns chemicals company Altana. Getty Images
  • Abigail Johnson, worth $21.2bn, is chief executive of Fidelity Investments. She took over the post in 2014 from her father, Ned Johnson III, who died in March. Bloomberg
    Abigail Johnson, worth $21.2bn, is chief executive of Fidelity Investments. She took over the post in 2014 from her father, Ned Johnson III, who died in March. Bloomberg

Who are the world's richest women in 2022?


Felicity Glover
  • English
  • Arabic

RELATED: Who are the world’s richest billionaires aged under 30?

Francoise Bettencourt Meyers, granddaughter of French pharmacist and L’Oreal founder Eugene Schueller, is the world’s richest woman with a net worth of $74.8 billion, topping the Forbes 2022 World Billionaires List for women for the second year in a row.

The 10 richest women in the world have a combined net worth of $401bn, with the majority inheriting their wealth, according to Forbes, which used stock prices and exchange rates from March 11 to calculate the personal fortunes of the wealthiest people on the planet.

In total, there are 2,668 billionaires in the world, down from an all-time high of 2,755 last year, Forbes said. Of this, there are 327 female billionaires, down from 328 in 2021.

“In all, these 327 women (including those who share their fortune with their spouse, child or sibling) are worth a collective $1.56 trillion, up from $1.53tn last year,” Forbes said in its annual report.

Walmart heiress Alice Walton ranked second on the list with a net worth of $65.3bn, followed by Julia Koch with a personal fortune of $60bn.

Last week, Forbes declared Elon Musk, the founder and chief executive of electric vehicle maker Tesla, the world’s richest person with a net worth of $219bn.

The Russia-Ukraine crisis, Covid-19 pandemic and volatile stock markets have taken a toll on the combined wealth of the world’s richest people, which slipped 3 per cent to $12.7tn over the past year, down from a record $13.1tn in 2021.

MacKenzie Scott, the former wife of Amazon founder Jeff Bezos, is the world's fourth-richest woman with a net worth of $43.6bn, while Jacqueline Mars — who inherited an estimated one third of Mars Incorporated, the sweets and pet food conglomerate behind brands such as M&M’s — is ranked fifth with $31.7bn.

Ms Scott, 51, who is now married to Dan Jewett, a science teacher living in Seattle, Washington, received a 4 per cent stake in Amazon as part of her 2019 divorce settlement from Mr Bezos, the world's second-richest person, according to Reuters. At the time, the stake was valued at $39bn.

  • Jerry Hall cited irreconcilable differences as the reason for her split from billionaire Rupert Murdoch. Reuters
    Jerry Hall cited irreconcilable differences as the reason for her split from billionaire Rupert Murdoch. Reuters
  • After 27 years of marriage, Microsoft co-founder Bill Gates and his wife Melinda filed divorce documents on May 3, 2021, citing a broken relationship as the reason for the split. Reuters
    After 27 years of marriage, Microsoft co-founder Bill Gates and his wife Melinda filed divorce documents on May 3, 2021, citing a broken relationship as the reason for the split. Reuters
  • Jeff Bezos and his wife MacKenzie split in 2019. Mr Bezos paid $38bn to settle the divorce. Getty
    Jeff Bezos and his wife MacKenzie split in 2019. Mr Bezos paid $38bn to settle the divorce. Getty
  • French-American businessman and art dealer Alec Wildenstein divorced his wife of 21 years, Jocelyn Wildenstein in 1999. AFP
    French-American businessman and art dealer Alec Wildenstein divorced his wife of 21 years, Jocelyn Wildenstein in 1999. AFP
  • Mr Murdoch and journalist Maria Torv were married for 31 years, but the couple agreed to separate in 1998. Getty
    Mr Murdoch and journalist Maria Torv were married for 31 years, but the couple agreed to separate in 1998. Getty
  • Former Formula One boss Bernie Ecclestone divorced international model Slavica Radic in 2009 after 25 years of marriage. Photo: Alamy
    Former Formula One boss Bernie Ecclestone divorced international model Slavica Radic in 2009 after 25 years of marriage. Photo: Alamy
  • Steve Wynn and his wife Elaine were married to each other twice, from 1963 to 1986 and from 1991 to 2010. Getty
    Steve Wynn and his wife Elaine were married to each other twice, from 1963 to 1986 and from 1991 to 2010. Getty
  • Oil magnate Harold Hamm wrote his wife Sue Ann Arnall a $974.8 million cheque as part of divorce proceedings. Getty
    Oil magnate Harold Hamm wrote his wife Sue Ann Arnall a $974.8 million cheque as part of divorce proceedings. Getty
  • Saudi billionaire Adnan Khashoggi paid his wife Soraya a divorce settlement of $874m in 1982. Getty
    Saudi billionaire Adnan Khashoggi paid his wife Soraya a divorce settlement of $874m in 1982. Getty
  • Cellular and Clearwire founder Craig McCaw separated with Wendy McCaw in 1998, earning her a $460m payout. Getty
    Cellular and Clearwire founder Craig McCaw separated with Wendy McCaw in 1998, earning her a $460m payout. Getty

Since her divorce, Ms Scott has become one of the world's most generous philanthropists, donating a total of about $12.4bn in 1,257 grants since she signed the Giving Pledge in 2019.

Over the past nine months alone, Ms Scott donated almost $3.9bn to 465 organisations, including the largest-ever gift from one person to Planned Parenthood, Bloomberg reported last week.

“We don’t advocate for particular policies or reforms,” Ms Scott said in her latest Medium post published on March 30. “Instead, we seek a portfolio of organisations that supports the ability of all people to participate in solutions.”

Meanwhile, 101 women on the Forbes World Billionaires list are self-made, including roofing supply entrepreneur Diane Hendricks with a personal fortune of $11bn, Gap co-founder Doris Fisher ($2.2bn) and British online gambling entrepreneur Denise Coates ($5.3bn), the magazine said.

Musician and businesswoman Rihanna made her debut on the Forbes list to become Barbados’ first billionaire with a net worth of $1.7bn.

Other newcomers include Australia's Melanie Perkins, 34, co-founder and chief executive of graphic design platform Canva, with a fortune of $6.5bn, and Melinda French Gates, who became a billionaire in her own right following her divorce from Bill Gates in 2021, with a net worth of $6.1bn, according to Forbes.

In total, the US has the highest number of female billionaires in the world with 90, followed by China on 63 (including 11 from Hong Kong) and Germany with 35, Forbes added.

The world’s top 10 richest women in 2022

  1. Francoise Bettencourt Meyers: $74.8bn
  2. Alice Walton: $65.3bn
  3. Julia Koch: $60bn
  4. MacKenzie Scott: $43.6bn
  5. Jacqueline Mars: $31.7bn
  6. Gina Rinehart: $30.2bn
  7. Miriam Adelson: $27.5bn
  8. Susanne Klatten: $24.3bn
  9. Iris Fontbona: $22.8bn
  10. Abigail Johnson: $21.2bn

THE SPECS

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Remembers a time when medicines from India were purchased per kilo

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Greener Crop – agriculture

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Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.

These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.

Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.

Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.

Dust and sand storms compared

Sand storm

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  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
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Manchester City 1 Chelsea 0
De Bruyne (70')

Man of the Match: Kevin de Bruyne (Manchester City)

New UK refugee system

 

  • A new “core protection” for refugees moving from permanent to a more basic, temporary protection
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Harvard University Press

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The Greatest Royal Rumble card as it stands

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Europe's top EV producers
  1. Norway (63% of cars registered in 2021)
  2. Iceland (33%)
  3. Netherlands (20%)
  4. Sweden (19%)
  5. Austria (14%)
  6. Germany (14%)
  7. Denmark (13%)
  8. Switzerland (13%)
  9. United Kingdom (12%)
  10. Luxembourg (10%)

Source: VCOe 

Queen

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(Young Money/Cash Money)

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MATCH INFO

Uefa Champions League, semi-final result:

Liverpool 4-0 Barcelona

Liverpool win 4-3 on aggregate

Champions Legaue final: June 1, Madrid

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THE TWIN BIO

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Company profile

Name: Dukkantek 

Started: January 2021 

Founders: Sanad Yaghi, Ali Al Sayegh and Shadi Joulani 

Based: UAE 

Number of employees: 140 

Sector: B2B Vertical SaaS(software as a service) 

Investment: $5.2 million 

Funding stage: Seed round 

Investors: Global Founders Capital, Colle Capital Partners, Wamda Capital, Plug and Play, Comma Capital, Nowais Capital, Annex Investments and AMK Investment Office  

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Updated: April 11, 2022, 7:53 AM