This week, we at Forbes released one of our flagship features: the list of the world's billionaires. There are 2,668 people on this year's ranking (our 36th annual edition), and they are worth a collective $12.7 trillion—$400 billion less than in 2021.
As is unfortunately usual for these types of lists, there are few women among these billionaires. Just 327, in fact, down one from 328 last year. Though if you're looking for a silver lining here, these 327 women (including those who share their fortune with their spouse, child or sibling) are worth a collective $1.56 trillion, up from $1.53 trillion last year.
While the richest woman in the world is the same person it was in 2021 (and for more on her, keep reading this note), I'm most excited by some of the new names to this year's list: Rihanna, whose beauty empire makes her Barbados' first billionaire; Melanie Perkins, the 34-year-old cofounder of design startup Canva; and Melinda French Gates, who is being listed as a billionaire in her own right following her divorce from Bill Gates in mid 2021.
For the second year in a row on Forbes' list of the World's Billionaires, the planet's richest woman is L'Oréal heiress Françoise Bettencourt Meyers of France. The 68-year-old French citizen is the vice chair of the board of L'Oréal, the world's largest cosmetics and beauty company, which her chemist grandfather Eugène Paul Louis Schueller founded in 1909.
#2: Get yourself a scholarship. Wharton's latest MBA class is more than 50% women for the first time in the school's history, but there's still a long way to go to achieve gender parity at business schools around the world. Here are some resources for women looking to study business (N.B. many of these happen to be in Europe).
#3: Don't play small. There are certain money mindsets that can hold you back in your ability to grow a business or create wealth. One of those is having small goals, which can result in small results or small wealth. Don't be afraid to make your mindset and dreams as big and lofty as possible.
Join us on Wednesday, March 2, for the 2022 For(bes) The Culture Culturally Accountable Summit as we focus on cultural accountability as it relates to building wealth within Black and Brown communities. Sign up to gain Insights from Monique Idlett, Percy (Master P) Miller, Antonio Mackey and more. Don't miss your chance to register for free today.
Not everyone starts a business knowing how to hire employees—many of us have to learn along the way. This learning curve is part of owning a business. It's important to learn how to hire employees the right way. Follow along for everything you need to know about making your first hire.