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Tuesday, March 21, 2023

Stats Gate

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

Prof. Dr. Amarendra Bhushan DhirajProf. Dr. Amarendra Bhushan DhirajStats Gate
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

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. 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 daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, 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.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.
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