2020 was, unanimously, not a very good year for most of us. The COVID-19 pandemic kept us far and away from our loved ones and it is still going on, while the economic impacts of that disaster as well as their toll were affected. However, as always, billionaires also found a way to thrive when it didn’t make for great optics or any “we all together in this” message.
Elon Musk, who managed to become the world’s richest man in the first week of 2021, had an almost unbelievably good 2020 from a financial standpoint. While he did not make it to the number one wealth slot before the end of 2020, he saw his fortune increase by $ 142 billion during the year. This, to put it in perspective, was basically the equivalent of making the entire fortune of Bill Gates in a single year.
While none of the other billionaires saw their fortune as $ 142 billion, Jeff Bezos had a very good 2020. Amazon’s stock market performance as online retailer was poor as is easily understandable during a year of social disturbances and lockdowns, and Bezos’s own net worth exceeded $ 75 billion.
At the other end of the world, Chinese beverages billionaire Zhong Shanshan did almost the same with Bezos in 2020, which was $ 71.4 billion more at the end of the year than at the beginning. E-commerce billionaire Colin Huang, another Chinese businessman, saw the next biggest gain by 2020 with his own net worth increasing by $ 43 billion.
The next biggest increase in personal fortune was that of Detroit billionaire Dan Gilbert. Gilbert ended in 2020 with a net worth of $ 33.3 billion, an increase of over $ 26 billion. Facebook founder Mark Zuckerberg had a good 2020, with his own net worth of $ 25.2 billion.
The economic trends of 2020 will be studied for years to come, but one thing that becomes immediately clear is that these six billionaires – Elon Musk, Jeff Bezos, Zhong Shanshan, Coleen Huang, Dan Gilbert and Mark Zuckerberg – Those have benefited the most from the volatile trend.