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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
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
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Emirates launched a new daily service to Mexico City this week, flying via Barcelona from Dh3,995.
Emirati citizens are among 67 nationalities who do not require a visa to Mexico. Entry is granted on arrival for stays of up to 180 days.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
MATCH INFO
Southampton 0
Manchester City 1 (Sterling 16')
Man of the match: Kevin de Bruyne (Manchester City)
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
ANDROID%20VERSION%20NAMES%2C%20IN%20ORDER
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Everton 1 Stoke City 0
Everton (Rooney 45 1')
Man of the Match Phil Jagielka (Everton)
The biog
Year of birth: 1988
Place of birth: Baghdad
Education: PhD student and co-researcher at Greifswald University, Germany
Hobbies: Ping Pong, swimming, reading
if you go
SERIE A FIXTURES
Saturday Spezia v Lazio (6pm), Juventus v Torino (9pm), Inter Milan v Bologna (7.45pm)
Sunday Verona v Cagliari (3.30pm), Parma v Benevento, AS Roma v Sassuolo, Udinese v Atalanta (all 6pm), Crotone v Napoli (9pm), Sampdoria v AC Milan (11.45pm)
Monday Fiorentina v Genoa (11.45pm)
Company profile
Name: Back to Games and Boardgame Space
Started: Back to Games (2015); Boardgame Space (Mark Azzam became co-founder in 2017)
Founder: Back to Games (Mr Azzam); Boardgame Space (Mr Azzam and Feras Al Bastaki)
Based: Dubai and Abu Dhabi
Industry: Back to Games (retail); Boardgame Space (wholesale and distribution)
Funding: Back to Games: self-funded by Mr Azzam with Dh1.3 million; Mr Azzam invested Dh250,000 in Boardgame Space
Growth: Back to Games: from 300 products in 2015 to 7,000 in 2019; Boardgame Space: from 34 games in 2017 to 3,500 in 2019