22 IL Billionaires Make Forbes List Of Richest People In The World

ILLINOIS – Those on the world’s billionaires list, which includes 22 Illinois residents, aren’t as flush as they were a year ago, but collectively are still worth $12.2 trillion, Forbes said with the release of its annual list.

That’s down from $12.7 trillion last year. Nearly half of the list is less wealthy than a year ago, including Elon Musk, who lost his No.1 spot after shares in Tesla fell when he bought Twitter. Musk is now No.2 on the list and was worth $192.8 billion Wednesday morning after having made about $12.8 billion since Tuesday.

Twenty-eight people fell off the list altogether, with the number of people with 10-figure fortunes now at 2,640. The United States has the most billionaires of any country — 735 people collectively worth $4.5 trillion. Overall, Forbes attributed the loss of wealth to falling stock markets, especially in the technology sector, and rising interest rates.

To calculate net worth, Forbes used stock prices and exchange rates from March 10 to determine the ranking but updates wealth in real-time. Below are the Illinois billionaires who made the list with their world ranking, according to Forbes, and whether their net worth went up or down in the past year.

Winnetka resident Patrick Ryan took over the wealthiest Illinois resident for the first time in two years after Ken Griffin, the hedge fund guru who ranked No. 35 on the Forbes list with $35 billion, left the state for Miami after he moved his Citadel Group headquarters out of Chicago last summer.

261. Patrick Ryan $8B (even) insurance, Winnetka

425. Neil Bluhm $6B Real estate, Chicago

497. Thomas Pritzker $5.3B Up Hotels/real estate, Chicago

497. Mark Walter $5.3B Up Finance/asset management, Chicago

511. Sam Zell 5.2B Down real estate/private equity, Chicago

511. Ty Warner $5.2B Up Plush toys/real estate, Oak Brook

624. Joe Mansueto $4.4B Down (investment research), Chicago

659. Eric Lefkofsky 659 $4.2B Up Groupon, Glencoe

748. Joseph Grendys $3.8 B Down Poultry processing, Chicago

787. J.B. Pritzker $3.6B Even Hotels, Springfield

878. Carl Thoma $3.3B Up Investments, Chicago

949. Penny Pritzker $3.1B Down Hotels/Investments, Chicago

949. Sheldon Lavin $3.1B Up meat processing, Highland Park

1164. Steven Sarowitz 2.6B Down (Technology), Highland Park

1217. Byron Trott $2.5B (investments), Chicago

1312. Justin Ishbia $2.3M Up private equity, Chicago

1366. Jerry Reinsdorf $2.2B Up sports teams, Chicago

1434. Leonid Radvinsky $2.1B Up e-commerce, Chicago

1575. Jennifer Pritzker $1.9B Down (Hotels), Chicago

1804. Michael Polsky $1.6B Up Electric power, Chicago

2133. Michael Krasny $1.3B Up, Retail, Highland Park

2405. Matthew Roszak $1.1B Down Cryptocurrency, Chicago

Matt Hulsizer and Jenny Just fell off the list of Forbes billionaire list in Illinois, according to the publication.

With Musk’s slip from the No. 1 position, Bernard Arnault, who heads luxury goods giant LVMH, tops the list as the richest person in the world. It’s the first time a citizen of France has led the ranking, whose top 10 includes seven U.S. billionaires. Besides Musk, they are (net worth is reflected as of Wednesday and may not align exactly with their placement on the list):

• Jeff Bezos, Amazon, worth $126.9 billion;
• Larry Ellison, Oracle, worth $118.9 billion;
• Bill Gates, Bill and Melinda Gates Foundation, worth $109.9 billion;
• Warren Buffett, Berkshire Hathaway, worth $107.4 billion;
• Michael Bloomberg, Bloomberg Inc., worth $95.4 billion; and
• Steve Balmer, Microsoft, worth $90.1 billion.