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THE RICHEST CHANGING FORTUNES IN THE WORLD
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Amazon chief Jeff Bezos ended a week of bumper cars against Tesla founder Elon Musk by once again becoming the richest person in the world, with an estimated net worth of $ 181.5 billion (despite a fortune down $ 1.4 billion on Friday). The pair traded places almost every day last week for the top spot on our list of real-time billionaires.
Markets opened lower on Friday after President-elect Joe Biden released details of his proposed $ 1.9 trillion coronavirus relief plan in a speech the night before, with investors likely reacting to the potential for ‘a second impeachment trial of President Trump in the Senate by delaying passage of the legislation for weeks, with the possibility of a tax hike in the new Democratic administration.
Amazon shares fell just under 1% at Friday’s closing bell, while Tesla’s fell more than 2%, enough to give Bezos a lead over Musk. More generally, tech stocks are down, possibly 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 ended down 1.5% respectively.
Still, there were plenty of billionaire winners. Chinese Ma Huateng, chairman of Tencent Holdings, which owns the country’s most popular app, Weibo, saw his fortune increase by $ 6.6 billion as Tencent shares staged a midweek rally, for a new net worth estimated at $ 62.8 billion. And back in the United States, Zoom Video Communications founder Eric Yuan also had a good week, with his fortune rising $ 1.5 billion to a new net worth estimated at nearly $ 17 billion. dollars. Zoom said on Friday it had sold $ 2 billion of its shares in a secondary public offering. Airbnb CEO and co-founder Brian Chesky saw his net worth increase by $ 1.4 billion to a new estimated $ 12.9 billion, as headlines that the sharing service House canceled reservations in Washington, DC to avoid further turmoil during Biden’s inauguration. Airbnb shares have risen 13% over the past week.
HERE ARE THE MILLIONAIRES WHOSE FORTUNES HAVE INCREASED THE MOST THIS WEEK.
The change in net worth is from the close of markets from Friday January 8 to Friday January 15.
NET WORTH | $ 62.8 BILLION, + $ 6.6 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | INTERNET MEDIA
NET WORTH | $ 18.7 billion, + $ 3.1 billion
COUNTRY | CHINA
SOURCE OF WEALTH | E-CIGARETTES
NET WORTH | $ 22.3 BILLION, UP BY $ 2.4 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | INTERNET MEDIA
NET WORTH | $ 40.5 BILLION, AN INCREASE OF $ 2.3 BILLION
COUNTRY | JAPAN
SOURCE OF WEALTH | INTERNET, TELECOM
NET WORTH | $ 23.5 BILLION, UP BY $ 2 BILLION
COUNTRY | CHINA
SOURCE OF WEALTH | MEDICINES
NET WORTH | $ 5.4 BILLION, UP $ 1.9 BILLION
COUNTRY | BRAZIL
SOURCE OF WEALTH | HOSPITALS, HEALTH CARE
NET WORTH | $ 18.6 BILLION, UP $ 1.6 BILLION
COUNTRY | HONG KONG
SOURCE OF WEALTH | SMARTPHONE SCREENS
NET WORTH | $ 2.7 BILLION, UP BY $ 1.5 BILLION
COUNTRY | BRAZIL
SOURCE OF WEALTH | MEDICAL LABORATORIES
NET WORTH | $ 16.9 BILLION, UP BY $ 1.5 BILLION
COUNTRY | UNITED STATES
SOURCE OF WEALTH | VIDEO CONFERENCE
NET WORTH | $ 12.9 BILLION, UP BY $ 1.4 BILLION
COUNTRY | UNITED STATES
SOURCE OF WEALTH | AIRBNB
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