Billionaires Bezos, Musk & Zuckerberg rode the coronavirus storm to get even richer

The billionaires of the world amassed fortunes in excess of $10 trillion this year.

Agencies
The lockdown was profitable for Jeff Bezos, Elon Musk and Mark Zuckerberg.
Amid all the doom and gloom, the world’s richest businessmen and women continued to quietly go about doing what they do best: Get richer.

According to a study by consulting firm PwC and Swiss bank UBC, billionaires of the world — over 2,000 of them — cumulatively amassed fortunes in excess of $10 trillion this year. Here are five businessmen who found the lockdowns to be profitable:

Jeff Bezos ($184.1 billion)
The Amazon CEO, the world’s richest person, had a net worth of $114 billion as of October 2019. A year later, that’s shot up to $184 billion, as Amazon share prices soared. For a few weeks in August, Bezos had a fortune in excess of $200 billion, following a bumper day when his wealth rose by $10 billion in 24 hours, before shares normalised again.


Mark Zuckerberg ($101.5 billion)
The Facebook co-founder saw his wealth double in 2020. As of April, Zuckerberg was worth $54.7 billion, while today the fi gure is almost twice that much, as the social media’s usage spiked during the lockdown. This spike means the 36-year-old is one of only four people in the world to be worth over $100 billion.

Elon Musk ($92.4 billion)
The SpaceX and Tesla boss has seen the most staggering jumps of all in 2020. This time last year, he was worth $23.9 billion, while today that has increased by over 300 per cent. A big reason Musk’s personal wealth is soaring is because Tesla’s stock is soaring. And despite Musk’s Twitter missteps, Tesla became the most valuable automaker in the world.

Colin Huang ($39.3 billion)
Colin Huang, founder of the Chinese e-commerce company Pinduoduo, is the fourth richest person in China, but his rise has been the fastest of all Chinese billionaires. As consumers turned to Pinduoduo during the pandemic, the company’s Nasdaq-listed share prices doubled in value.
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Eric Yuan ($18.2 billion)
One of the biggest lockdown success stories has been Eric Yuan, founder of Zoom. Ironically enough, he didn’t even intend for it to be used by the general public at large. The company’s bread and butter, the BBC wrote, are paid subscriptions by corporates. However, as the company’s usage soared by 1,900 per cent, Yuan has added several dollars to his account.

Satya Nadella, Sundar Pichai, Indra Nooyi & Aditya Puri: Top 10 Richest Indian Professional Managers
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Professional Managers in the list consist of individuals who joined business after it has been founded, helped it grow and these managers were given stock options from which they have created their wealth. “These Indian executives have been the cornerstones in wealth creation of some of the most valuable and respectable companies in the world. Their stories are truly inspirational for young Indian professionals, India being home to the youngest professional work force in the world”, said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

Professional Managers in the list consist of individuals who joined business after it has been founded, helped it grow and these managers were given stock options from which they have created their w..
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With a wealth of Rs 11,300 crore, Thomas Kurian is the number one richest professional manager in the IIFL Wealth Hurun India Rich List 2020. An MBA graduate, Kurian began his career at McKinsey & Company in New York. Later, he joined Oracle, where his career spanned for more than two decades. Most of his wealth is attributed to his stake sale in Oracle. He now leads the Cloud division of Google.
With a wealth of Rs 11,300 crore, Thomas Kurian is the number one richest professional manager in the IIFL Wealth Hurun India Rich List 2020. An MBA graduate, Kurian began his career at McKinsey & Co..
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With a wealth of Rs 9,100 crore, President and CEO of Arista Networks, Jayshree Ullal is the second richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020. In June 2014, Arista Networks filed for IPO under the leadership of Ullal.
With a wealth of Rs 9,100 crore, President and CEO of Arista Networks, Jayshree Ullal is the second richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020. In June 2014, Ar..
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A 2016 Padma Shri awardee, Ajaypal Singh Banga holds the third position in the ranking of richest non-promoter Indians in the list. He is the President and CEO of Mastercard and registered a wealth of Rs 7,200 crore – mainly on the back of his holdings and stake sale in Master Card.
A 2016 Padma Shri awardee, Ajaypal Singh Banga holds the third position in the ranking of richest non-promoter Indians in the list. He is the President and CEO of Mastercard and registered a wealth o..
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The fourth richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020 is Nikesh Arora who registered a wealth of Rs 6,500 crore. Arora is currently the CEO and Chairman of Palo Alto Networks. Prior to joining Palo Alto Networks, he served in the leadership positions of SoftBank and Google. Most of his wealth is derived from stake sale in SoftBank.
The fourth richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020 is Nikesh Arora who registered a wealth of Rs 6,500 crore. Arora is currently the CEO and Chairman of Palo..
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With a wealth of Rs 5,900 crore, Microsoft’s CEO, Satya Nadella is the fifth richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020. Born and raised in Hyderabad, Nadella left for the US to pursue master’s in computer science. Since 1992, Nadella has been working with Microsoft and most of his wealth is derived from Microsoft stake sale.
With a wealth of Rs 5,900 crore, Microsoft’s CEO, Satya Nadella is the fifth richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020. Born and raised in Hyderabad, Nadella l..
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With a wealth of Rs 5,900 crore, Sundar Pichai shares the fifth position with Satya Nadella in the ranking of richest professional manager Indians in the list. He joined Google in 2004 and was promoted to CEO in under a decade. Pichai is one of the highest paid CEOs in the world. Google Chrome’s development and Android’s acquisition by Google are two of the major milestones of his career.
With a wealth of Rs 5,900 crore, Sundar Pichai shares the fifth position with Satya Nadella in the ranking of richest professional manager Indians in the list. He joined Google in 2004 and was promot..
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With a wealth of Rs 4,500 crore, Shantanu Narayen, Chairman of Adobe is the seventh richest professional manager in IIFL Wealth Hurun India Rich List 2020. An Indian-origin techie, Shantanu’s began his career with Apple. Apart from his current role at Adobe, he also serves in leadership roles of the US-India Strategic Partnership Forum and Pfizer. In 2019, he was felicitated with Padma Shri, India’s fourth highest civilian award.
With a wealth of Rs 4,500 crore, Shantanu Narayen, Chairman of Adobe is the seventh richest professional manager in IIFL Wealth Hurun India Rich List 2020. An Indian-origin techie, Shantanu’s began h..
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With a wealth of Rs 3,500 crore, Former CEO and Chairperson of PepsiCo, Indra K Nooyi holds the eighth position amongst the richest professional manager Indians in IIFL Wealth Hurun India Rich List 2020. She became the first independent female director of ICC after joining the institution in 2018. Nooyi, whose career at PepsiCo spanned for 25 years, derived most of her wealth through stake sale in Pepsi.
With a wealth of Rs 3,500 crore, Former CEO and Chairperson of PepsiCo, Indra K Nooyi holds the eighth position amongst the richest professional manager Indians in IIFL Wealth Hurun India Rich List 2..
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With a wealth of Rs 3,200 crore, Ignatius Navil Noronha is the ninth richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020. He currently serves as the CEO of Avenue Supermarts, which is a parent organization of Indian hypermarket chain, DMart. He is the richest professional manager Indian serving on the board of an Indian company.
With a wealth of Rs 3,200 crore, Ignatius Navil Noronha is the ninth richest professional manager Indian in the IIFL Wealth Hurun India Rich List 2020. He currently serves as the CEO of Avenue Superm..
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