WORLD RICHEST CHANGE RESULTS
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seizing one of the worst weeks in American history, Elon Musk had one of the best. His fortune jumped $ 34.1 billion. It was enough for him to be the richest man on the planet for the first time ever. Valued at $ 189.7 billion as Friday’s market closed, it is $ 4 billion richer than Amazon CEO Jeff Bezos, who had held the title of the richest in the world for nearly a year.
Tesla stock rose nearly 25% this week, well above the S&P 500 and Dow Jones industry averages, which were up 1.8% and 1.6% for the week, respectively. Tesla stock was partly helped by the news that Democrats will take control of the U.S. Senate following runoff elections in Georgia on Tuesday. Expecting Biden to be more friendly to its climate change agenda, investors had already hopped on the green tech bandwagon, pushing Musk’s fortunes up $ 96 billion after the November 2020 election. -enter it further.
Musk, whose fortune has almost gone up in the 10 months since Forbes not a net worth calculated for the World Billionaires 2020 list, the only billionaire who made a huge fortune, and something unexpected, in the past year. Until recently, billionaire Zhong Shanshan bottled water was little known outside of China. As of April 2020, it was worth $ 2 billion, estimated to be the 1,063th richest person in the world by Forbes. In September, his company Nongfu Spring, which represents one-fifth of China’s bottled water market, held a successful debate on the Hong Kong stock exchange. The stock has tripled from the IPO. Before 2020 came to an end, he overtook Alibaba founder Jack Ma to become the richest man in China and surpassed Mukesh Ambani, founder of Reliance Industries as the richest man in Asia.
Zhong Shanshan, chairman of Nongfu Spring Company, will attend Nongfu Spring new product launch conference on February 1, 2015 in Baishan, Jilin Province in China. (Photo by Jiang Xin / VCG via Getty Images)
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Zhong is not slowing down in 2021. Nongfu Spring stock rose 21% this week, while shares of its other venture, Beijing vaccine maker Wantai Biological Pharmacy, rose nearly 26%. With a net worth of $ 95.6 billion, Zhong is now the sixth richest man in the world, ranking higher than Berkshire Hathaway CEO Warren Buffett and grabbing the heels of Facebook CEO Mark Zuckerberg.
Zuckerberg ‘s fortunes fell $ 2.4 billion this week for the same reason that Musk rose – Democratic control over Washington. Lawyers advocating for renewal in the big tech companies, like Sen. Elizabeth Warren, will have more power in the new administration. Facebook stock fell 2% this week, while shares of parent company Google Alphabet fell 3%. Amazon fell 2.3%, resulting in a $ 4 billion decline in Jeff Bezos’ net worth.