Friday, January 15, 2021

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
Dr. Amarendra Bhushan Dhiraj
CEO and editorial director of the CEOWORLD magazine, an extensively kudized author, noted journalist, syndicated columnist, and ostensible entrepreneur. Follow him on Twitter, Facebook or connect on LinkedIn.