Four months after the outbreak, Ma Huateng is still Chinas richest man, Huang Zheng, with the fastest growth in wealth

category:Finance
 Four months after the outbreak, Ma Huateng is still Chinas richest man, Huang Zheng, with the fastest growth in wealth


Amazons Jeff Bezos has gained the most wealth in the past four months, with an increase of 150 billion yuan (equivalent to Li Ka Shings wealth), reaching 1.1 trillion yuan, becoming the richest man in the world

Ma Huateng, who is still the richest man in China, remains above Ma Yun with a wealth of 320bn

Teslas share price rose to become the worlds most valuable automobile company, and Elon Musk, 48, who recently successfully sent two astronauts to the international space station, gained 53 billion yuan, ranking 18th in the world with 375 billion yuan

Giovanni Ferrero, 55, the Italian chocolate brand, grew 62 billion yuan in wealth, ranking 24th in the world with 300 billion yuan

Liu qiangdongs wealth of e-commerce Jingdong increased by 24% to 115 billion, ranking 72nd among the top 100 in the world

The worlds biggest winners since the outbreak have been e-commerce, medicine and home retail, as well as chocolate, soy sauce and pork producers

Yuan Zheng, 50, founder of California based video conferencing software zoom, has tripled his fortune in the past four months from 32 billion yuan to more than 90 billion yuan, ranking 555 in the world to the top 150

After the loss of 2.6 trillion in the first two months of the outbreak, the top 100 entrepreneurs in the world almost recovered all the losses in the second two months after the outbreak. In four months, wealth has only declined by 2%, said Hurun.

V-shaped recovery: in the first two months after the outbreak, Mukesh Ambani, the richest man in Asia and India, lost 129 billion yuan in wealth. In the past two months, his wealth has rebounded 130 billion yuan, ranking eighth in the world. Similarly, in the first two months of the outbreak, Mark Zuckerberg lost 90 billion yuan in wealth, but then recovered another 100 billion yuan, ranking fourth in the world

The United States accounts for 36%, up 1% from four months ago, followed by China 24%, up 2% from four months ago

The biggest losers: LV founders Bernard Arnault and Buffett have lost the most in the past four months, both of which have lost hundreds of billions, equivalent to an average of 1 billion a day in the past four months. Evergrandes Xu Jiayin is the only one in China among the top ten entrepreneurs with the largest reduction in wealth in the world

Hurun Research Institute, which provides a quality list and research, released the special report on the wealth change of global entrepreneurs four months after the outbreak

(June 23, 2020, Shanghai, China / Mumbai, India / Oxford, UK) Hurun Research Institute today released the wealth impact 4mthsaftercovid-19outpeak to study the wealth changes of entrepreneurs on Huruns global rich list in the four months up to May 31, 2020, and published the latest Hurun global top 100 enterprises Home list. The wealth figures on January 31, 2020 are from Huruns global rich list.

Global stocks fell sharply in the first two months of the outbreak, but recovered some of their losses in the following two months. India, the UK and France fell 20%, while the NYSE, Japan, Hong Kong and Germany fell 10%. The Shanghai Composite Index edged down 4%. The only major stock market to rise was Nasdaq, up 4%.

The pound was down 5.6% against the US dollar, the Indian Rupee was down 5.3% against the US dollar, the euro was up 1% against the US dollar and the renminbi was up 2% against the US dollar.

In the four months after the outbreak, 60% of Huruns top 100 entrepreneurs wealth increased or remained unchanged, while 40% of entrepreneurs wealth decreased. In the first two months of the outbreak, a lot of wealth of the top 100 entrepreneurs in the world evaporated, but in the second two months after the outbreak, two-thirds of entrepreneurs wealth experienced a V-shaped recovery, said Hu Run, chairman and chief research officer of Hurun Baifu. This reminds us that we can never underestimate the worlds most powerful super wealth creators.

In these four months, the most successful entrepreneurs in the world have widened the wealth gap with other entrepreneurs, added Hurun.

The biggest winner

Huruns top 100 entrepreneurs in the world - the largest increase in wealth

Huang Zheng, 40, of pinduoduo, an e-commerce platform, has seen the fastest growth in wealth among Huruns top 100 entrepreneurs in the past four months, and his wealth has almost doubled. The top five fastest growing are all from China. Source: Hurun Research Institute, changes in wealth reflect changes in the four months to May 31, 2020

Huruns top 100 entrepreneurs - the fastest growing wealth

The biggest loser: Hurun Research Institute. Changes in wealth reflect changes in the four months to May 31, 2020

Bernard Arnault and Buffett of LVMH have lost the most wealth in the past four months, both by hundreds of billions. Arnott and Buffett are the biggest losers in the past four months, each with $18 billion less in wealth, said Hurun. Arnott had been reduced even more. In the first two months after the outbreak, he lost $30 billion, but in the next two months, he increased another $12 billion.

Huruns top 100 entrepreneurs in the world - the biggest decline in wealth

Country distribution source: Hurun Research Institute, the change in wealth reflects the change in the four months to May 31, 2020

In the four months to May 31, 2020, among the top 100 entrepreneurs in the world, China increased by 3, and the United States, Russia and Italy increased by 1 respectively. Among the top 100, the United States now has 37 and China 26. The gap between China and the United States has narrowed from 13 to 11 of the top 100 entrepreneurs in Hurun, Hurun said

Top 10 global entrepreneurs

Amazons Jeff Bezos and Microsofts Steve Ballmer are the only two entrepreneurs in the top 10 to see their fortunes grow.

Top ten entrepreneurs of Hurun in China

Source: Hurun Research Institute, changes in rankings and wealth reflect changes over the four months to 31 May 2020

Source: Hurun Research Institute, changes in rankings and wealth reflect changes over the four months to 31 May 2020