In 2020 … who won Corona and who lost?

Despite the sharp decline in economic activities in the first half of 2020, some companies have managed to manage the epidemic better than expected by reducing costs or adjusting business models.

Some companies have outperformed in handling the Corona outbreak in their favor during the year 2020 which has been considered disastrous for other companies around the world as these companies have been able to recover in the light. from the Corona crisis by reducing costs or changing business models by increasing online sales, for example.

Others believed that the increase in demand for their services during the Corona Crisis resulted in an increase in their market share and therefore an increase in their wealth, as happened with technology companies.

In contrast, social distancing measures imposed by the pandemic have exacerbated the suffering of airlines, tourism, hospitality and industry.

According to global profit data, which compares the results of the first half of 2019 and the same period of 2020, the growth rate of information technology companies reached 2.8%, and in the service area, profit rose 2.4%, in addition to an increase of 1.7% in favor of consumer goods and 0.8% for the health sector.

In contrast, profits for the energy sector fell 19.2%, in addition to a decline in profits for the industrial sector of 11.7%, in the first half of 2020 compared to the same period of 2019.

It should be noted that despite the ongoing Corona pandemic in 2020, the combined total wealth of US billionaires has grown to $ 4 trillion.

The founder and president of the American company “Tesla”, Alon Musk, took the largest share of the increase. This year he added an estimated $ 111 billion to his fortune and placed second on the list of the richest in the world.

And “Amazon” CEO Jeff Bezos reaped an estimated 2020 profit of an additional $ 73 billion, bringing his wealth to around $ 182 billion, making him the richest in the world.

And the fortune of “Facebook” CEO Mark Zuckerberg has grown by about $ 30 billion, in addition to the growth of Bill Gates, founder of “Microsoft”, of about $ 15 billion.

Source: Agencies

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