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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.
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
- Francoise Bettencourt Meyers: $74.8bn
- Alice Walton: $65.3bn
- Julia Koch: $60bn
- MacKenzie Scott: $43.6bn
- Jacqueline Mars: $31.7bn
- Gina Rinehart: $30.2bn
- Miriam Adelson: $27.5bn
- Susanne Klatten: $24.3bn
- Iris Fontbona: $22.8bn
- Abigail Johnson: $21.2bn
The team
Photographer: Mateusz Stefanowski at Art Factory
Videographer: Jear Valasquez
Fashion director: Sarah Maisey
Make-up: Gulum Erzincan at Art Factory
Model: Randa at Art Factory Videographer’s assistant: Zanong Magat
Photographer’s assistant: Sophia Shlykova
With thanks to Jubail Mangrove Park, Jubail Island, Abu Dhabi
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Company%20profile
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Tips for job-seekers
- Do not submit your application through the Easy Apply button on LinkedIn. Employers receive between 600 and 800 replies for each job advert on the platform. If you are the right fit for a job, connect to a relevant person in the company on LinkedIn and send them a direct message.
- Make sure you are an exact fit for the job advertised. If you are an HR manager with five years’ experience in retail and the job requires a similar candidate with five years’ experience in consumer, you should apply. But if you have no experience in HR, do not apply for the job.
David Mackenzie, founder of recruitment agency Mackenzie Jones Middle East
Best Foreign Language Film nominees
Capernaum (Lebanon)
Cold War (Poland)
Never Look Away (Germany)
Roma (Mexico)
Shoplifters (Japan)
TOURNAMENT INFO
Fixtures
Sunday January 5 - Oman v UAE
Monday January 6 - UAE v Namibia
Wednesday January 8 - Oman v Namibia
Thursday January 9 - Oman v UAE
Saturday January 11 - UAE v Namibia
Sunday January 12 – Oman v Namibia
UAE squad
Ahmed Raza (captain), Rohan Mustafa, Mohammed Usman, CP Rizwan, Waheed Ahmed, Zawar Farid, Darius D’Silva, Karthik Meiyappan, Jonathan Figy, Vriitya Aravind, Zahoor Khan, Junaid Siddique, Basil Hameed, Chirag Suri
UAE currency: the story behind the money in your pockets
UAE currency: the story behind the money in your pockets
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The specs
Engine: Four electric motors, one at each wheel
Power: 579hp
Torque: 859Nm
Transmission: Single-speed automatic
Price: From Dh825,900
On sale: Now
Squid Game season two
Director: Hwang Dong-hyuk
Stars: Lee Jung-jae, Wi Ha-joon and Lee Byung-hun
Rating: 4.5/5
10 tips for entry-level job seekers
- Have an up-to-date, professional LinkedIn profile. If you don’t have a LinkedIn account, set one up today. Avoid poor-quality profile pictures with distracting backgrounds. Include a professional summary and begin to grow your network.
- Keep track of the job trends in your sector through the news. Apply for job alerts at your dream organisations and the types of jobs you want – LinkedIn uses AI to share similar relevant jobs based on your selections.
- Double check that you’ve highlighted relevant skills on your resume and LinkedIn profile.
- For most entry-level jobs, your resume will first be filtered by an applicant tracking system for keywords. Look closely at the description of the job you are applying for and mirror the language as much as possible (while being honest and accurate about your skills and experience).
- Keep your CV professional and in a simple format – make sure you tailor your cover letter and application to the company and role.
- Go online and look for details on job specifications for your target position. Make a list of skills required and set yourself some learning goals to tick off all the necessary skills one by one.
- Don’t be afraid to reach outside your immediate friends and family to other acquaintances and let them know you are looking for new opportunities.
- Make sure you’ve set your LinkedIn profile to signal that you are “open to opportunities”. Also be sure to use LinkedIn to search for people who are still actively hiring by searching for those that have the headline “I’m hiring” or “We’re hiring” in their profile.
- Prepare for online interviews using mock interview tools. Even before landing interviews, it can be useful to start practising.
- Be professional and patient. Always be professional with whoever you are interacting with throughout your search process, this will be remembered. You need to be patient, dedicated and not give up on your search. Candidates need to make sure they are following up appropriately for roles they have applied.
Arda Atalay, head of Mena private sector at LinkedIn Talent Solutions, Rudy Bier, managing partner of Kinetic Business Solutions and Ben Kinerman Daltrey, co-founder of KinFitz
Jeff Buckley: From Hallelujah To The Last Goodbye
By Dave Lory with Jim Irvin
COMPANY%20PROFILE
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
Credit Score explained
What is a credit score?
In the UAE your credit score is a number generated by the Al Etihad Credit Bureau (AECB), which represents your credit worthiness – in other words, your risk of defaulting on any debt repayments. In this country, the number is between 300 and 900. A low score indicates a higher risk of default, while a high score indicates you are a lower risk.
Why is it important?
Financial institutions will use it to decide whether or not you are a credit risk. Those with better scores may also receive preferential interest rates or terms on products such as loans, credit cards and mortgages.
How is it calculated?
The AECB collects information on your payment behaviour from banks as well as utilitiy and telecoms providers.
How can I improve my score?
By paying your bills on time and not missing any repayments, particularly your loan, credit card and mortgage payments. It is also wise to limit the number of credit card and loan applications you make and to reduce your outstanding balances.
How do I know if my score is low or high?
By checking it. Visit one of AECB’s Customer Happiness Centres with an original and valid Emirates ID, passport copy and valid email address. Liv. customers can also access the score directly from the banking app.
How much does it cost?
A credit report costs Dh100 while a report with the score included costs Dh150. Those only wanting the credit score pay Dh60. VAT is payable on top.
The Intruder
Director: Deon Taylor
Starring: Dennis Quaid, Michael Ealy, Meagan Good
One star
Find the right policy for you
Don’t wait until the week you fly to sign up for insurance – get it when you book your trip. Insurance covers you for cancellation and anything else that can go wrong before you leave.
Some insurers, such as World Nomads, allow you to book once you are travelling – but, as Mr Mohammed found out, pre-existing medical conditions are not covered.
Check your credit card before booking insurance to see if you have any travel insurance as a benefit – most UAE banks, such as Emirates NBD, First Abu Dhabi Bank and Abu Dhabi Islamic Bank, have cards that throw in insurance as part of their package. But read the fine print – they may only cover emergencies while you’re travelling, not cancellation before a trip.
Pre-existing medical conditions such as a heart condition, diabetes, epilepsy and even asthma may not be included as standard. Again, check the terms, exclusions and limitations of any insurance carefully.
If you want trip cancellation or curtailment, baggage loss or delay covered, you may need a higher-grade plan, says Ambareen Musa of Souqalmal.com. Decide how much coverage you need for emergency medical expenses or personal liability. Premium insurance packages give up to $1 million (Dh3.7m) in each category, Ms Musa adds.
Don’t wait for days to call your insurer if you need to make a claim. You may be required to notify them within 72 hours. Gather together all receipts, emails and reports to prove that you paid for something, that you didn’t use it and that you did not get reimbursed.
Finally, consider optional extras you may need, says Sarah Pickford of Travel Counsellors, such as a winter sports holiday. Also ensure all individuals can travel independently on that cover, she adds. And remember: “Cheap isn’t necessarily best.”
THE SIXTH SENSE
Starring: Bruce Willis, Toni Collette, Hayley Joel Osment
Director: M. Night Shyamalan
Rating: 5/5
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PROFILE OF HALAN
Started: November 2017
Founders: Mounir Nakhla, Ahmed Mohsen and Mohamed Aboulnaga
Based: Cairo, Egypt
Sector: transport and logistics
Size: 150 employees
Investment: approximately $8 million
Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar