Bezos, Musk Smash Records as World’s Richest Added $1.8 Trillion

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.

Recent from Bloomberg QuickTake: Now:

  • “Kill The Bill” Protests Continue In Cities Across England
  • Libya Begins Public Vaccination Campaign
  • Myanmar Junta Pardons More Than 23,000 Prisoners
  • 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

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Elon Musk

    Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

    5 Recent Items: Elon Musk

  • Musk beats Bezos over $2.9 billion NASA contract
  • Monkeys with mind control | Download This Show
  • Dogecoin’s popularity soars — Robinhood and Coinbase benefit
  • Einhorn takes aim at Chamath Palihapitiya, Elon Musk for role in GME squeeze
  • Elon Musk’s Las Vegas Loop: Inside The Boring Company’s New Transit Concept
  • In This Story: Lockdown

    During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

    3 Recent Items: Lockdown

  • Londoners swarm Soho on the first Saturday after lockdown eased
  • How to help Muslims during Ramadan
  • Experts say new restrictions in Ontario won’t curb COVID-19 spread
  • Leave a Comment