About This Source - Bloomberg QuickTake: Now
Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.
It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Bezos, Musk Smash Records as World’s Richest Added $1.8 Trillion” – below is their description.
Billionaires have always traveled in a different orbit than the rest of us. Nicer things, more power, rocket-launching stations. But 2020 threw that gulf into stark relief.
While much of the world grappled with soaring unemployment and plunging growth, the 0.001% benefited from unprecedented wealth creation.
The world’s 500 richest people added $1.8 trillion to their combined net worth in 2020 and are now worth $7.6 trillion, according to the Bloomberg Billionaires Index. Equivalent to a 31% increase, it’s the biggest annual gain in the eight-year history of the index and a $3 trillion jump from the market’s nadir in March.
The gains were disproportionately at the top, where five individuals now hold fortunes in excess of $100 billion and another 20 are worth at least $50 billion.
Amazon founder Jeff Bezos remains the world’s richest person thanks to surging enthusiasm for online retail during lockdown. Elon Musk gained the most on the list — in possibly the fastest bout of wealth creation in history — leaping to the second spot after Tesla skyrocketed in value.
Combined the two gained about $217 billion in 12 months, enough to send $2,000 checks to more than 100 million Americans.Bloomberg Quicktake: Now YouTube Channel
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