2020 has been a year of surprises for billionaires, some gained skyrocketing profits, and some loose huge wealth in this year. Some retained their positions in the top 10 billionaire list while some got replaced.
Jeff Bezos American entrepreneur and the founder, CEO, and president of the multi-national company Amazon is currently the richest person on the planet with a net worth of $187 billion. Jeff used to hold 16 percent shares of Amazon, but after his divorce, 4 percent stake of the multi-national company was transferred to MacKenzie Bezos in 2019.
Bezos’s net worth has seen an upsurge of $72.4 billion during 2020.
Elon Reeve Musk is an engineer, CEO, CTO, and chief designer of SpaceX and co-founder of Tesla Inc. The 49-year-old entrepreneur ranking on the Bloomberg Billionaires Index sore to 2nd from the 35th position in 2020. Elon Musk’s net worth has risen to $167 billion in 2020. Tesla has been a crucial key in the increase of its wealth ranking with its market value crossed $500 billion.
Microsoft co-founder, software developer, and philanthropist Bill gate’s net worth ranked down to 3rd position from 2nd in 2020. He has topped the spot of billionaires for years. His net worth in 2020 has reached $131 billion.
Bernard Jean Étienne Arnault is the French luxury Tycoon and his business empire consists of 70 luxury brands like Louis Vuitton and Sephora. However, his wealth reduced in 2020 due to a decrease in demand for luxury goods, but he still holds the 4th position with a wealth of $110 billion.
Mark Zuckerberg, the American entrepreneur, and youngest centibillionaire holds the 5th position with a net worth of $105 billion. The Facebook owner was once the only centibillionaire on the list but now 5 other centibillionaire are also on the Bloomberg billionaires list.
American Business tycoon Warren Buffet’s net worth dropped by about $4.09 billion in 2020. Chairman of Berkshire Hathway Buffet has a total net worth of $85.2 billion. He is the only billionaire in the top 10 list whose net worth shrank in 2020.
He holds 10 percent stake in American Airlines, Delta, Southwest, and United. Due to economic loss in the pandemic, he had to sell the entire stake in four major US airlines.
Lawrence Edward Page, co-founder of Google, American computer scientist and Internet entrepreneur With a total net worth of $81.4 billion. Larry Page is also the co-founder of Alphabet, the parent company of Google. He is a stakeholder and board member of Alphabet but he stepped down as CEO of Alphabet in Dec 2019.
Lawrence Joseph Ellison is The chairman and co-founder of Oracle and an American business magnate, investor, and philanthropist. He has a net worth of $79.7 billion, and he is also a stakeholder in Tesla, the Indian Wells tennis event, and real estate.
He owns one-third of a California based company, the Redwood City.
Steven Anthony Ballmer, Former CEO of Microsoft is an American businessman and investor with a net worth of $79.1 billion. Steve was hired as an employee by Bill Gates in 1998, and he replaced Gates as the CEO in 2000. He was also the Microsoft president in 1998.
Sergey Mikhaylovich Brin has co-founded Google with Larry Page in 1998, and he was the former president of Google’s parent company, Alphabet Inc.
Brin is still a stakeholder and board member of Alphabet, but he stepped down from Alphabet’s president post in 2019. Brin has a net worth of $78.8 billion in 2020.