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Billionaires Club
Billionaires Club
5 Billionaires Whose Wealth Doubled During The Covid Pandemic
COVID-19 had wreaked havoc on the world economic and financial markets, in addition to being a global pandemic and human health disaster. Huge income reduction, a rise in unemployment, service inefficiencies are among the consequences of the pandemic that has been affected in many countries. However, since March 2020, the world's 5 wealthiest men have more than doubled their fortunes. The stock market's remarkable performance during the pandemic, with equities touching new highs during second half of 2021, has aided the fortunes of the wealthiest individuals. During the pandemic, the world's richest men doubled their wealth, from $700 billion to $1.5 trillion, at a rate of $15,000 per second, according to anti-poverty charity organisation, Oxfam. The majority of them are Americans, including tech billionaires like Elon Musk of Tesla and Jeff Bezos of Amazon, whose wealth were around $264 billion and $187 billion, respectively at the top of the list.
Larry Page is a billionaire entrepreneur whose fortune began to rise with the founding of Google, way back in 1998 and it continues to grow with a slew of other businesses. By establishing the world's largest search engine, he and his business partner, Sergey Brin, have inscribed themselves into history. Larry Page, the co-founder of Google, had a net worth of $122.8 billion, up 125% from $50.9 billion in just over two years ago.
Larry Page is a billionaire entrepreneur whose fortune began to rise with the founding of Google, way back in 1998 and it continues to grow with a slew of other businesses. By establishing the world's largest search engine, he and his business partner, Sergey Brin, have inscribed themselves into history. Larry Page, the co-founder of Google, had a net worth of $122.8 billion, up 125% from $50.9 billion in just over two years ago.
Mark Zuckerberg, the CEO of the social-networking site Facebook, witnessed his fortune more than double to about $118 billion, up from $54.7 billion. In 2021, the value of Meta, the parent company of Facebook had increased by more than 20%, based on a strong advertising revenue growth of the social media giant. Mark Zuckerberg owns 13% of the shares in Meta.
Mark Zuckerberg, the CEO of the social-networking site Facebook, witnessed his fortune more than double to about $118 billion, up from $54.7 billion. In 2021, the value of Meta, the parent company of Facebook had increased by more than 20%, based on a strong advertising revenue growth of the social media giant. Mark Zuckerberg owns 13% of the shares in Meta.
Bernard Arnault and family became one of the top ten wealthiest Europeans, with a fortune of $13 billion in 2005. His fortune was built on his investments in luxury brands, which he acquired through the acquisition of a huge portfolio of famous names. The family of Bernard Arnault owns 70 brands, like Louis Vuitton and Sephora. From $76 billion to $187.7 billion in March 2020, the family's fortune increased by 130% during the pandemic.
Bernard Arnault and family became one of the top ten wealthiest Europeans, with a fortune of $13 billion in 2005. His fortune was built on his investments in luxury brands, which he acquired through the acquisition of a huge portfolio of famous names. The family of Bernard Arnault owns 70 brands, like Louis Vuitton and Sephora. From $76 billion to $187.7 billion in March 2020, the family's fortune increased by 130% during the pandemic.
Jeff Bezos became a millionaire for the first time, after collecting $54 million through Amazon's IPO in 1997. In the 20 months following the pandemic, Amazon founder Jezz Bezos' net worth increased to $202.6 billion up from $113 billion in March 2020, which is a robust growth of 67%. When the Pentagon abandoned a cloud-computing contract with rival Microsoft in July 2021, Amazon's stock price soared. The anticipation that the Pentagon would split the job between Microsoft and rival Amazon boosted stock prices.
Jeff Bezos became a millionaire for the first time, after collecting $54 million through Amazon's IPO in 1997. In the 20 months following the pandemic, Amazon founder Jezz Bezos' net worth increased to $202.6 billion up from $113 billion in March 2020, which is a robust growth of 67%. When the Pentagon abandoned a cloud-computing contract with rival Microsoft in July 2021, Amazon's stock price soared. The anticipation that the Pentagon would split the job between Microsoft and rival Amazon boosted stock prices.
According to Forbes magazine, Elon Musk, the CEO of electric carmaker Tesla, recorded a 10-fold increase in his fortune in the first 20 months of the COVID-19 pandemic, from $24.6 billion in March 2020. As per the Bloomberg Billionaires Index, Elon Musk's net worth increased by $121 billion in 2021, making him the world's richest man. His wealth surpassed $300 billion briefly during the second half of 2021, making him the first man to get to that milestone.
According to Forbes magazine, Elon Musk, the CEO of electric carmaker Tesla, recorded a 10-fold increase in his fortune in the first 20 months of the COVID-19 pandemic, from $24.6 billion in March 2020. As per the Bloomberg Billionaires Index, Elon Musk's net worth increased by $121 billion in 2021, making him the world's richest man. His wealth surpassed $300 billion briefly during the second half of 2021, making him the first man to get to that milestone.
As social media becomes more and more ingrained in our daily lives, different social platforms have evolved based on different use cases for the brands, influencers and the millions of end users. Twitter one-liners engage with personalities from all walks of life that makes it ultimate platform for customer engagement, and ideal social network for marketers. Twitter is the only social network where brands and consumers have an even playing field and unrestricted lines of clear, concise communication. Since its launch, this microblogging site has offered online marketing and social networking in a new direction. Twitter is considered the most influential social media platform for raising a powerful voice that others can back up afterward. Here are some interesting facts about Twitter that you will enjoy reading it;
Interesting Facts About Twitter That You Should Know
Twitter, Inc.
Twitter, Inc.

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