The Forbes List of Billionaires Includes 28 Gaming Tycoons

In early April, Forbes magazine once again published a list of the world’s biggest billionaires. It includes 28 businessmen who are somehow involved in the gambling business, and the list consists of 2,640 names.

The total wealth of the richest people in the world is $12.2 trillion, which is $500 billion more than last year.

Miriam Adelson, the widow of the late Sheldon Adelson, who founded Las Vegas Sands, is listed as the richest gambling businessman. Her $35 billion fortune is $7.5 billion more than in 2022. On Forbes’ overall list, Miriam ranks 35th.

Galaxy Entertainment Group founder Louis Chee Vu is second on the list of “gambling” tycoons, with a fortune of $13.9 billion. He owns one of the six licenses in Macau. In the past year, his capital has grown by $2.3 billion.

Of the 28 casino and gambling businessmen, only nine are U.S. citizens. For example, Tilman Fertitta has about $ 8.1 billion earned from the hotel business, sports betting, and casinos.

Among other things, he owns Landry’s, the NBA Houston Rockets, and five Golden Nugget casinos. The businessman will close the deal to buy Hard Rock Lake Tahoe in the near future.

John Yarbro, who made thousands of millions by founding Video Gaming Technologies, also made the list of the richest people on the planet. His fortune of $3.2 billion is growing year by year.

Notably, only land-based casino owners made it to the list. Despite the popularity of online gambling and bonuses that offer users get it now for free, land-based casinos bring much more money to the owners. 

Also, Forbes’ list made history as the first to include current athletes. LeBron James and Tiger Woods became billionaires with $1 billion and $1.1 billion, respectively.

According to the Credit Suisse Global Wealth Report 2021, the largest number of high-net-worth individuals are in North America, with only 1 percent of that region’s population holding more than half of the world’s wealth. At the same time, there are more than 700 million millionaires in the world, and the highest level of wealth is concentrated in a very narrow group of people – the billionaires.

Thus, we can say that the richest percentage of the world’s population is a group of billionaires, but their number is very small and is less than 1%.