Although the COVID-19 pandemic has brought about brutal drops in economic growth, as well as high levels of unemployment all over the world, the fortunes of the world’s 500 richest people have continued to grow.
According Bloomberg’s Billionaires Index, the exclusive group of billionaires added an additional $ 1.8 billion to their fortunes, reaching a total of $ 7.6 billion. The value is equivalent to a growth of 31% in relation to 2019, the highest recorded since the creation of the database in 2012.
Click on the gallery to find out who ranks first in the billionaires index
The Bloomberg data indicate that Jeff Bezos, founder and CEO of Amazon, continues to top the list of billionaires. Already in second place on the “podium” is Elon Musk, CEO of Tesla and SpaceX, whose fortune was the one that grew the most. In all, the two entrepreneurs earned about $ 217 billion in 12 months.
In the Top 10 are figures from the technological world such as Bill Gates, taking third place with 131 billion dollars or Mark Zuckerberg in fifth position, with 103 billion dollars. Larry Page, co-founder of Google, Larry Ellison, co-founder and CEO of Oracle, as well as Steve Ballmer, former CEO of Microsoft are also in the top 10.
Although the public health crisis has a particularly negative impact on certain sectors, such as real estate or tourism, some niche markets have managed to prosper. Take the example of Zoom, which has become an almost indispensable tool for those who work or study at a distance, making CEO Eric Yuan “jump” into the list of billionaires in 2020.
According to the database, Chinese billionaires also prospered during 2020, adding a total of $ 569 billion to their fortunes. However, not all of the country’s billionaires prospered: Jack Ma, founder and CEO of the Alibaba group found himself grappling with an investigation by the Chinese market regulator due to alleged anti-competitive practices.
The lawsuit eventually resulted in the suspension of the initial public offering (IPO) of Ant Group, Alibaba’s financial services subsidiary. After criticizing the role of the Chinese regulator and government, Jack Ma, who has not appeared in public since October last year, saw his wealth decrease significantly.