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Wednesday, April 14, 2021

Stats Gate

The world’s 2,365 billionaires added $4 trillion to their collective wealth

Elon Musk

From March 18, 2020, to March 18, 2021, the world’s 2,365 billionaires added US$4 trillion to their collective wealth during the pandemic, according to a new report from the Institute for Policy Studies (IPS). Their combined wealth rose from US$8.04 trillion to US$12.39 trillion – that’s a 54% increase. In comparison, the 2019 GDP of China was $12.23 trillion.

The richest 20 billionaires alone added US$742 billion to their collective wealth during a pandemic – a 68% increase, according to the Institute for Policy Studie report, which analyzes data from Bloomberg, Forbes, and Wealth-X, those billionaire gains have grown. The wealthiest 20 billionaires have a combined $1.83 trillion in wealth. In comparison, the 2019 GDP of Australia was $1.3 trillion.

These 13 billionaires saw their wealth increase over 500 percent.

  1. Zhong Shanshan, China
    Wealth increase: 3,300%
    Net worth gain: $66 billion
    Known for: Nongfu bottled water and Beijing Wantai Biological Pharmacy.
  2. Tatyana Bakalchuk, Russia
    Wealth increase: 1,200%
    Net worth gain: $12 billion
    Known for: founder e-commerce apparel company, Wildberries.
  3. Zuo Hui, China
    Wealth increase: 714%
    Net worth gain: $15.9 billion
    Known for: Chair of Homelink, China’s largest real estate brokerage company.
  4. Bom Kim, U.S.
    Wealth increase: 670%
    Net worth gain: $6.7 billion
    Known for: Founder of the e-commerce giant Coupang, the Amazon of South Korea.
  5. Dan Gilbert, U.S.
    Wealth increase: 642%
    Net worth gain: $41.7 billion
    Known for: Owner of Quicken Loans.
  6. Cheng Yixiao, China
    Wealth increase: 614%
    Net worth gain: $13.5 billion
    Known for: Co-founder of Kuaishou, a video platform based in Beijing.
  7. Su Hua, China
    Wealth increase: 583%
    Net worth gain: $16.9 billion
    Known for: Co-founder of video platform and live-streaming app, Kuaishu.
  8. Ernest Garcia II, US
    Wealth increase: 567%
    Net worth gain: $13.6 billion
    Known for: Biggest shareholder of Carvana, the online car sales and auto-financing giant.
  9. Elon Musk, US
    Wealth increase: 559%
    Net worth gain: $137.5 billion
    Known for: Tesla, Space-X, and other companies.
  10. Brian Armstrong, US
    Wealth increase: 550%
    Net worth gain: $5.5 billion
    Known for: Chief executive of Coinbase.
  11. Chan Tan Ching-Fen, Hong Kong
    Wealth increase: 540%
    Net worth gain: $8.1 billion
    Known for: Hang Lung Group.
  12. Bobby Murphy, US
    Wealth increase: 531%
    Net worth gain: $10.1 billion
    Known for: Co-founder of Snapchat.
  13. Forrest Li, Singapore
    Wealth increase: 500%
    Net worth gain: $9.5 billion
    Known for: Owner of the online gaming and e-commerce platform, Sea.

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Prof. Dr. Amarendra Bhushan Dhiraj
Prof. Dr. Amarendra Bhushan Dhiraj is CEOWORLD magazine's Chief Executive and Editorial Director. Under Dr. Amarendra's leadership, 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. CEOWORLD magazine is known internationally for its editorial excellence, independent, quality research, in-depth analysis, and collaborations with people and partners from around the globe. He currently sits on the company’s board of directors and global management committee.

Prof. Dr. Amarendra Bhushan Dhiraj holds a Ph.D. in Banking and Finance from European Global School in France; a Doctoral Degree in Chartered Accountancy from European International University Paris; and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He received his Master of Business Administration degree in Finance and Banking and his Master's Degree In Chartered Accountancy from European Global School Paris. He also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States. He is committed to lifelong learning. Dr. Amarendra is a Visiting Professor at Kyiv National University of Technologies and Design (KNUTD), Ukraine.

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