These 15 Billionaires Got Richer During the Pandemic
The coronavirus pandemic has disrupted the financial well-being of millions of people around the world, with many losing jobs, shuttering their businesses or losing a large portion of their retirement savings due to market volatility. Yet somehow, the world's richest seem to be coming out of the crisis unscathed — and in many cases, even richer.
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GOBankingRates compared the net worths of the world's richest billionaires on March 18, 2020, to their net worths on July 27, 2021, to determine the 15 who gained the most wealth during that time. Some of the figures are shocking.
Last updated: Aug. 2, 2021
Steve Ballmer
Beginning net worth: $52.7 billion
Ending net worth: $84.1 billion
Amount gained: $31.4 billion
Former Microsoft CEO Steve Ballmer's net worth has increased by 59.58% during the pandemic. Ballmer and his wife, Connie, were among the first billionaires to pledge to fight the virus, making more than $25 million in donations through their philanthropic group before the end of March 2020.
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Bill Gates
Beginning net worth: $98 billion
Ending net worth: $131 billion
Amount gained: $33 billion
Microsoft founder Bill Gates' fortune has grown by 33.67% amid the pandemic — the lowest growth percentage on the list. Still, the Bill & Melinda Gates Foundation has allocated more than $1.8 billion toward COVID-19 initiatives globally.
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Robin Zeng
Beginning net worth: $9.7 billion
Ending net worth: $43.8 billion
Amount gained: $34.1 billion
Robin Zeng, of China, is the founder and chairman of battery manufacturer Contemporary Amperex Technology. It makes batteries for electric vehicles, and Forbes said the company's clients include automakers BMW and Volkswagen.
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Warren Buffett
Beginning net worth: $67.5 billion
Ending net worth: $101.9 billion
Amount gained: $34.4 billion
Warren Buffett, the CEO of Berkshire Hathaway, has gained $34.4 billion during the pandemic, and he acknowledged the lack of economic parity amid the crisis.
"The economic impact has been this extremely uneven thing where (...) many hundreds of thousands or millions of small businesses have been hurt in a terrible way, but most of the big companies have overwhelmingly done fine,” he said in a CNBC special that aired in June 2021.
Francoise Bettencourt Meyers & Family
Beginning net worth: $48.9 billion
Ending net worth: $89.3 billion
Amount gained: $40.4 billion
L'Oreal heiress Francoise Bettencourt Meyers is the richest woman in the world — and she's become even richer during the pandemic. Her net worth has risen by 82.62%
Mukesh Ambani
Beginning net worth: $36.8 billion
Ending net worth: $78.2 billion
Amount gained: $41.4 billion
The net worth of Indian billionaire Mukesh Ambani has increased by 112.5% during the pandemic. He leads Reliance Industries, which has diverse interests that include oil and gas, telecom, petrochemicals and retail.
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Gautam Adani & Family
Beginning net worth: $8.9 billion
Ending net worth: $53 billion
Amount gained: $44.1 billion
Gautam Adani of India has made his billions in a variety of businesses, including infrastructure, mining and power generation. He controls Mundra Port, the largest in India, and in September 2020 gained a 74% ownership stake in Mumbai International Airport, according to Forbes.
Larry Ellison
Beginning net worth: $59 billion
Ending net worth: $112.7 billion
Amount gained: $53.7 billion
Tech billionaire Larry Ellison has added 91.02% to his net worth since mid-March 2020.
Sergey Brin
Beginning net worth: $49.1 billion
Ending net worth: $111.1 billion
Amount gained: $62 billion
The story of Sergey Brin is similar to that of Larry Page, his Google co-founder. Combined, the net worths of the two men were $100 billion pre-pandemic. Now, they total $225.9 billion -- an increase of 125.9%.
Larry Page
Beginning net worth: $50.9 billion
Ending net worth: $114.8 billion
Amount gained: $63.9 billion
Larry Page, the co-founder of Google, saw his net worth rise by 125.54%, presumably fueled by the rise in his stock holdings in Google's parent, Alphabet Inc. The stock has risen in value by about 150% since the start of the pandemic.
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Zhong Shanshan
Beginning net worth: $2 billion
Ending net worth: $70 billion
Amount gained: $68 billion
The wealth of Zhong Shanshan of China has skyrocketed by 3,400% since the pandemic's start. An elementary school dropout, he is the chairman of bottle water company Nongfu Spring and also runs Beijing Wantai Biological Pharmacy.
Mark Zuckerberg
Beginning net worth: $54.7 billion
Ending net worth: $132.3 billion
Amount gained: $77.6 billion
Facebook CEO Mark Zuckerberg has become 141.86% richer during the pandemic. Facebook was among the companies that helped to power the ability for Americans to work from home, doing so through WhatsApp.
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Jeff Bezos
Beginning net worth: $113 billion
Ending net worth: $207.7 billion
Amount gained: $94.7 billion
The richest man in the world, Jeff Bezos, has seen his wealth increase by 83.81% since the start of the pandemic. The fortune of the Amazon founder soared as quarantined consumers turned to the e-commerce giant for their shopping needs.
Bernard Arnault & Family
Beginning net worth: $76 billion
Ending net worth: $190.4 billion
Amount gained: $114.4 billion
As LVMH CEO, French billionaire Bernard Arnault oversees an empire of 70 luxury brands that include Louis Vuitton and Sephora. His net worth has risen by $114.4 billion during the pandemic.
In January 2021, LVMH acquired jeweler Tiffany & Co. for $15.8 billion.
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Elon Musk
Beginning net worth: $24.6 billion
Ending net worth: $160.4 billion
Amount gained: $135.8 billion
The net worth of Tesla founder Elon Musk has grown by a whopping 552.03%, thanks in part to consumer interest in electric vehicles. Tesla stock is up about 770%.
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Jami Farkas contributed to the reporting for this article.
Photo disclaimer: Photos are for illustrative purposes only. As a result, some of the images may not reflect the people or companies listed in this article.
Methodology: To discover the 15 billionaires who gained the most wealth during the pandemic, GOBankingRates first looked at the 50 richest people in the world as sourced from Forbes' "Real-Time Billionaire Tracker" with data from July 27, 2021. Using this list, GOBankingRates found (1) net worth as of the end of trading on July 27, 2021. GOBankingRates then used Forbes' most recent billionaire list to find each of the top 50 richest billionaire's (2) net worth as of the end of trading on March 18, 2020. GOBankingRates then took the above factors to discover the following for each billionaire: (3) total amount gained or lost (March 18, 2020 to July 27, 2021) and (4) percent change in net worth during the entire COVID-19 pandemic thus far. All data was collected on and up to date as of July 27, 2021.
This article originally appeared on GOBankingRates.com: These 15 Billionaires Got Richer During the Pandemic
