Matthias SundayTHE CHANGING FORTUNES OF THE WORLD’S RICHEST
Amazon chief Jeff Bezos ended a bumper car week against Tesla founder Elon Musk by once again becoming the world’s richest person, with an estimated net worth of $181.5 billion (despite his fortune falling $1.4 billion on Friday).
The two men traded places nearly every day this past week for the top spot on our Real-Time Billionaires list.
Markets opened lower Friday after President-elect Joe Biden released the details of his proposed $1.9 trillion coronavirus relief package in a speech the previous night, with investors likely reacting to the potential of a second Senate impeachment trial of President Trump in delaying passage of the legislation for weeks, along with the possibility of higher taxes in the incoming Democratic administration.
Amazon’s stock fell by just under 1% by Friday’s closing bell, while Tesla’s dropped by over 2%, enough to put Bezos back ahead of Musk. More broadly, tech stocks are down, also likely due to Biden’s stimulus package. Meanwhile, the Dow Jones Industrial Average closed the week down 0.9%, while the Nasdaq and S&P 500 both finished down 1.5% respectively.
Still, there were plenty of billionaire winners. China’s Ma Huateng, chairman of Tencent Holdings, which owns the country’s most popular app, Weibo, saw his fortune increase $6.6 billion as shares in Tencent staged a midweek rally, for a new estimated net worth of $62.8 billion. And back in the U.S., Zoom Video Communications’ founder Eric Yuan had a good week as well, with his fortune bumping up $1.5 billion to a new estimated net worth of nearly $17 billion. Zoom announced on Friday that it sold $2 billion worth of its shares in a secondary public offering. Airbnb CEO and cofounder Brian Chesky saw his net worth increase $1.4 billion to a new estimated $12.9 billion, amid headlines that the homesharing service canceled Washington, D.C. reservations to prevent additional unrest during Biden’s inauguration. Airbnb shares rose 13% over the past week.
HERE ARE THE BILLIONAIRES WHOSE FORTUNES INCREASED THE MOST THIS WEEK.
The net worth change is from close of markets Friday, January 8 to Friday, January 15.
1 | MA HUATENG
NET WORTH | $62.8 BILLION, UP $6.6 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | INTERNET MEDIA
2 | CHEN ZHIPING
NET WORTH | $18.7 BILLION, UP $3.1 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | E-CIGARETTES
3 | ZHANG ZHIDONG
NET WORTH | $22.3 BILLION, UP $2.4 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | INTERNET MEDIA
4 | MASAYOSHI SON
NET WORTH | $40.5 BILLION, UP $2.3 BILLION
COUNTRY | JAPAN
SOURCE OF WEALTH | INTERNET, TELECOM
5 | ZHONG HUIJUAN
NET WORTH | $23.5 BILLION, UP $2 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | PHARMACEUTICALS
6 | DULCE PUGLIESE DE GODOY BUENO
NET WORTH | $5.4 BILLION, UP $1.9 BILLION
COUNTRY | BRAZIL
SOURCE OF WEALTH | HOSPITALS, HEALTH CARE
7 | ZHOU QUNFEI
NET WORTH | $18.6 BILLION, UP $1.6 BILLION
COUNTRY | HONG KONG
SOURCE OF WEALTH | SMARTPHONE SCREENS
8 | CAMILLA DE GODOY BUENO GROSSI
NET WORTH | $2.7 BILLION, UP $1.5 BILLION
COUNTRY | BRAZIL
SOURCE OF WEALTH | MEDICAL LABS
9 | ERIC YUAN
NET WORTH | $16.9 BILLION, UP $1.5 BILLION
COUNTRY | UNITED STATES
SOURCE OF WEALTH | VIDEO CONFERENCING
10 | BRIAN CHESKY
NET WORTH | $12.9 BILLION, UP $1.4 BILLION
COUNTRY | UNITED STATES
SOURCE OF WEALTH | AIRBNB
The Entrepreneur Africa
While being the richest person in the world is an extraordinary achievement, but the people at the top focus on the work that they are doing more than these trivial titles.