Meet the World's Richest Businessmen
First Published Jan 28, 2021, 5:15 PM IST
Did you know that the 1,000 richest people on the planet recouped their COVID-19 losses within just nine months? According to a Oxford report, worldwide, billionaires saw their wealth increase by a staggering $3.9tn between March 18 and December 31, 2020. Here's a list of the World's Richest Businessmen
Worth: $188.4 Billion
Between March 18 and December 31, 2020, Jeff Bezos' wealth grew by
$78.2 billion. In September 2020, Jeff Bezos, then the richest man on Earth, could have personally paid each of Amazon's 876,000 employees a one-off $105,000 bonus with the wealth he accumulated between March and August 2020 alone, and still be as wealthy as he was at the beginning of the pandemic.
Worth: $186.6 Billion
Between March 18 and December 31, 2020, Elon Musk increased his net wealth by $128.9 billion. Oxfam says that the top two billionaires who saw the largest increases in their wealth in this period are active in the technology and automotive, battery production
and space sectors.
Bernard Arnault and family
Worth: $148.3 Billion
Bernard Arnault manages an empire of 70 brands that includes Louis Vuitton and Sephora. His firm LVMH spent $3.2 billion in 2019 for luxury hospitality group, Belmond, which owns or manages 46 hotels, trains and river cruises.
Worth: $120 Billion
Bill Gates heads the world's largest private charitable foundation Bill and Melinda Gates Foundation. In May 2020, the Gates Foundation announced a $300 million grant to fight the coronavirus pandemic, funding treatment, detection and vaccines. He owns 1 per cent of Microsoft shares and has invested in a mix of stocks and other assets
Worth: $99.5 Billion
Worth: $88.8B Billion
Zhong Shanshan is chairman of bottled water company Nongfu Spring, which listed its shares in Hong Kong in September 2020. He also controls the Beijing Wantai Biological Pharmacy, which went public on the Shanghai Stock Exchange in April 2020.
Worth: $88.3 Billion
Larry Ellison is chairman, chief technology officer and cofounder of software giant Oracle. Ellison joined Tesla's board in December 2018, after purchasing 3 million Tesla shares earlier that year.
Worth: $86.4 Billion
Regarded as one of the most successful investors of all time, Warren Buffett runs Berkshire Hathaway which owns more than 60 companies. Accordig to Forbes, so far Buffett has given more than $41 billion, mostly to the Gates Foundation and his kids' foundations.
Worth: $80.1 Billion
Larry Page stepped down as CEO of Alphabet, the parent of Google, in December 2019 but remains a board member and a controlling shareholder.
Worth: $78.1 Billion
Steve Ballmer was CEO of Microsoft from 2000 to 2014. The same year he retired from Microsoft he bought the NBA's Los Angeles Clippers for $2 billion.
Worth: $72.6 Billion
Oxfam says, "Between March and October 2020, his wealth more than doubled, reaching $78.3 billion, and he jumped from being the 21st richest person on Earth to the sixth richest. During that period, the average increase in Ambani's wealth in just over four days represented more than the combined annual wages of all of Reliance Industries' 195,000 employees."