Executive Insider

Elon Musk and Jeff Bezos generated record profits in 2020

Elon Musk

In the heat of the global coronavirus pandemic, the CEO of Tesla and the founder of Amazon added profits of $217.4 billion, enough to send $2,000 checks to more than 100 million Americans.

Thanks to surging enthusiasm for online retail during the lockdown, Jeff Bezos remains the richest person in the world, according to Bloomberg. Bezos, who owns over 50 million shares of Amazon stock worth more than $190 billion, saw his overall net worth climb to $75.4 billion this year. Forbes calculates Amazon founder’s net worth to be slightly lower at $189.7 billion.

Bezos is the richest man in modern history, and his net worth even crossed the $200 billion mark at one point this past summer.

The owner of SpaceX and Tesla Elon Musk is now the second-richest person in the world with an estimated net worth of $170 billion. In total, Tesla’s CEO made about $142 billion from all of his businesses last year. Forbes calculates Musk’s net worth to be slightly lower at $155.6 billion. Musk is worth $170 billion compared to Bezos’ $190 billion.

Top 10 richest people in the world:

  1. Jeff Bezos: $190 billion
  2. Elon R Musk: $170 billion
  3. Bill Gates: $132 billion
  4. Bernard Arnault: $114 billion
  5. Mark Zuckerberg: $104 billion
  6. Warren Buffett: $87.6 billion
  7. Larry Page: $82.4 billion
  8. Steve Ballmer: $80.4 billion
  9. Sergey Brin: $79.8 billion
  10. Larry Ellison: $79.7 billion

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine. Follow CEOWORLD magazine on Twitter and Facebook. For media queries, please contact: info@ceoworld.biz

Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is chief executive and editorial director of The CEOWORLD magazine, overseeing the organization’s news and features departments.

Under Dr. Amarendra's leadership, The CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders every day.

Dr. Amarendra holds a Ph.D. in Finance and Banking from the European Global School in France; a Doctoral Degree in Chartered Accountancy from the European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine.

He earned his Master of Business Administration degree in Finance and his Master's Degree In Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. Prof. Dr. Amarendra Bhushan Dhiraj is a macro-economist and visiting professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

You can follow Prof. Dr. Amarendra Bhushan Dhiraj on Twitter, Facebook, and LinkedIn.