Total wealth of world’s billionaires has fallen to $12.7tn, says Forbes

Number of billionaires worldwide falls by 329 amid Russian sanctions, according to Forbes

The total wealth of the world's billionaires has dipped from a record high last year amid a drop in global stock markets since Russia's invasion of Ukraine, despite the planet's richest people still holding a combined $12.7tn (9.7tn) in assets.

According to the annual Forbes magazine ranking of the world richest people, the number of billionaires worldwide fell by 329 to 2,668, with the total value of their combined assets falling slightly from $13.1tn on the 2021 list.