| @NaijatechnewsHQ

Global billionaires increase their wealth by $1.9 trillion in 2020

0/5 No votes

Report this app

According to foreign media reports, despite the economic recession caused by the new crown pneumonia epidemic, for many rich people around the world, their wealth continues to grow at an alarming rate. Forbes estimates that the wealth of more than 2,200 billionaires worldwide will increase by a total of US$1.9 trillion in 2020 due to the surge in stock prices .

Picture: Bernard Arnault, Jack Ma, and Jeff Bezos from left to right

According to Forbes calculations, the total assets of global billionaires are estimated at 11.4 trillion U.S. dollars, an increase of 20% from the 9.5 trillion U.S. dollars on December 31, 2019. Among them, the total assets of more than 600 billionaires in the United States are US$4 trillion, an increase of US$560 billion since the beginning of this year.

This year the world’s wealth has increased the most by Elon Musk. His wealth increased by 110 billion US dollars to nearly 137 billion US dollars, making him the third richest person in the world. This is due to Tesla’s soaring 630%. The world’s richest man Jeff Bezos (Jeff Bezos) ranked second in wealth growth. His net worth is approximately US$182 billion, and an additional US$67.5 billion in 2020.

However, the wealth of China’s billionaire group has increased the most this year. As the Shanghai and Shenzhen 300 Index has risen by 19% this year, it has helped Chinese billionaires increase their net assets by a total of US$750 billion in 2020. The total assets of the 400 Chinese billionaires are US$2 trillion. This does not include the 67 billionaires in Hong Kong, whose wealth has increased by US$60 billion to reach US$380 billion.

Among them, with the listing of Nongfu Spring in Hong Kong in September, the wealth of its founder Zhong Shanshan increased from US$2 billion at the beginning of the year to US$62.5 billion. Other big winners in China are Pinduoduo Chairman Huang Zheng, whose wealth has risen by US$32.4 billion this year to US$52 billion. Alibaba founder Jack Ma’s wealth rose by US$18.9 billion to reach US$61.7 billion.

French billionaires as a whole have the third largest increase in wealth this year. The 40 super-rich in this country have a net worth of US$500 billion, which is US$95 billion more than last year. More than half of the growth came from two big winners: luxury goods giant Bernard Arnault (Bernard Arnault) and L’Oréal heiress François Bettencourt Meyers (Francoise Bettencourt Meyers).

Arnault is currently the world’s second richest man, and his wealth has increased by 35 billion US dollars this year. At the same time, L’Oréal’s stock price rose by 25%, helping Miles’ wealth increase by $14 billion.


Love Naijatechnews? Help Us By Donating! Bitcoin: 1HKz2qjdKmU2LSQJ6pZCQAWMaxsqjPhJGU | Paypal: paypal.me/ntnpay