Jeff Bezos and Elon Musk broke wealth records in 2020

The Amazon founder and Tesla producer added $ 217,000 million in profits in the heat of the epidemic, according to the Bloomberg Billionaires Index.

During 2020, the epidemic caused a severe setback to the economy of millions of families around the world. Yet some are struggling with unemployment, low wages, low purchasing power and low economic growth, such as billionaires Jeff Bezos and Elon Musk made record profits.

Jeff Bezos and Elon Musk
Jeff Bezos and Elon Musk  image source https://www.businessinsider.com/

Jeff Bezos and Elon Musk made record profits

According to the Bloomberg Billionaires Index, 0.001% of the population benefited during the health crisis. This year, the world 500 richest people The couple $ 1.8 trillion For their combined net worth and are now valued at $ 7.6 trillion.

Is equal to 31% growth and 3 trillion rally From the lowest point of the market in March. In addition, it is the largest annual gain recorded in the eight-year history of the Bloomberg Index.

In the top 25 tycoons, it is revealed that there are five people who have more luck 100 billion dollars. The next 20 are at least $ 50 billion. Together, the two richest men in the world became roughly $ 217 billion In 2020.

Amazon founder and CEO Jeff Bezos remains the world’s richest person. Is explained by Boom In online retail during lockdown due to coronovirus epidemic. over the past 12 months, Bezos lucked out 63%, thanks to 72.7 billion dollars He said he has 116 billion at the end of 2019.

Elon Musk At the fastest time of wealth creation in history, possibly the highest grosser. Ownership SpaceX And Tesla After its electric vehicle company value reached second place. Overall, about the businessman From $ 144 billion All their businesses last year.

Increase in Asian fortune

Chinese members of the index added $ 569 billion More than any other country except the United States for their wealth.

Zhong Shanshan Bottled water became Mogul Nongfu Spring, Asia’s richest person. Initial offerings from two of his companies were added $ 70.9 billion For their net worth. This year, he replaced Mukesh Ambani, who is the chairman, CEO and largest shareholder of India’s largest private company Reliance Industries.

The rise of video conferencing increased funding Eric Yuan, Chinese immigrant manufacturer Zoom Video Communications Inc. Too John Foley, The CEO Peloton Interactive Inc. Became a billionaire, thanks to the combination of his regular app with sports equipment proceeds, perfect for athletes who were left without a gym in the epidemic.

On the other hand, among the millionaires of the region who were not rich Jack Ma Now retired founder of Alibaba Group Holding Limited It was early 2020 as China’s richest man, but everything changed after criticism from Chinese regulators.

In November, the Chinese government failed its listing Ant Group Co., And in December launched an investigation against Alibaba for alleged monopoly practices. This led to a fall in the value of the online trading company’s stock, which reduced its net worth and led to its removal.


https://www.entrepreneur.com/article/362638 With information from Bloomberg.

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