The wealthy rarely live like this: staggering fortunes burned in the coronavirus epidemic

Surprising burnt fortunes …

Nearly $ 175 billion has been burned since the beginning of the year from the assets of the billionaires who have suffered the biggest declines so far, according to the Bloomberg Billionaires Index. Some of them have lost about half of their current wealth, but the capital market surge of the past few days has already begun to pay for part of that loss.

• Among the first on the list is, for example, Bernard Arnault, who, as the richest man in Europe, was quite commercially affected by the coronavirus outbreak. Arnault owns LVMH, which previously owned luxury brands, but in the current situation, many of its stores have switched to the production of masks and disinfectants.
• Amancio Ortega is not in a much better position either, Inditex owns many clothing brands, but at times like that, shopping for clothing has also been neglected, so many of Ortega’s companies also make mouth masks today.
• Carlos Slim owns the largest telecommunications company in Latin America, América Móvil, but he also had banking and mining interests, and has interests in listed companies such as the New York Times and Caixabank.
• Mukesh Ambani is the richest man in India, he owns a large number of industrial interests in Reliance Industries, the most valuable Indian company based on his market capitalization.

This year billionaires with the largest loss of wealth to date:

1. Bernard Arnault: $ 33.3 billion less, current assets $ 72 billion
2. Amancio Ortega: $ 23.1 billion less, current assets $ 52.3 billion
3. Carlos Slim: $ 19.5 billion less, current assets $ 40.8 billion
4. Mukesh Ambani: $ 19.1 billion less, current assets $ 39.6 billion
5. Warren Buffett: $ 16.4 billion less, current assets $ 72.8 billion
6. Mark Zuckerberg: $ 14.9 billion less, current assets $ 63.5 billion
7. Sheldon Adelson: $ 13 billion less, current assets $ 25.5 billion
8. Bill Gates: $ 12.5 billion less, current assets $ 101 billion
9. Charles Koch: $ 11.4 billion less, current assets $ 50.6 billion
10. Julia Flesher Koch: $ 11.4 billion less, current assets $ 50.6 billion

… And some people have earned incredible fortunes

Some have gotten better out of the super rich for part of the year so far, as many have been able to increase their wealth here and there by the coronavirus. However, seeing as the top ten billionaires show wealth growth, it can be said that wealth growth cannot be removed from the virus – in fact, many have become even richer as a result.

• With Jeff Bezos at the top of the list, there is no doubt that this year’s big benefit is also due to Amazon, with online orders worldwide due to outflow restrictions due to the coronavirus, which is especially good for the company.
  
• There are several names on this list that we have heard less of so far. Such is Liu Yonghao, whose New Hope group of companies is present in many industries, including one of China’s largest agricultural companies, but also deals with pet food, raw materials, real estate, and the chemical industry.
  

• There is also Li Xiting on the list of winners, which is clearly due to the explosion of its assets due to the coronavirus outbreak, as his company, Mindray Medical International, is involved in the supply of medical devices. Qin Yinglin, whose company, Muyuan Foodstuff, is the country’s largest pig producer, has also made a lot this year.

In so far this year billionaires who pocket more money:

1. Jeff Bezos: $ 7.8 billion more, current assets $ 123 billion
2. Liu Yonghao: $ 3.6 billion more, current assets of $ 14.8 billion
3. Li Xiting: more than $ 3.5 billion, current assets of $ 12.7 billion
4. Qin Yinglin: more than $ 3.2 billion, current assets of $ 12.4 billion
5. Xu Hang: $ 3 billion more, current assets of $ 10.4 billion
6. Elon Musk: $ 2.9 billion more, current assets $ 30.4 billion
7. Graeme Hart: $ 2.8 billion more, current assets $ 9.8 billion
8. Eric Yuan: $ 2.8 billion more, current assets of $ 6.4 billion
9. MacKenzie Bezos: $ 2.6 billion more, current assets $ 39.7 billion
10. Steve Ballmer: $ 2.2 billion more, current assets $ 60.4 billion

The 10 richest people in the world still stand firm

In the list above, there were also many on the list of the ten richest people in the world, some who are the losers, others who are on the winning side. Most of them have clearly lost so far this year to Bernard Arnault, followed by Warren Buffett and Mark Zuckerberg. And Jeff Bezos, who is already considered the richest in the world, made most of the money, so his fortune is appreciated, well, at the $ 123 billion level.

1. Jeff Bezos: Balance sheet so far this year: $ 7.8 billion more, current assets: $ 123 billion
2. Bill Gates: balance sheet so far this year: $ 12.5 billion less, current assets: $ 101 billion
3. Warren Buffett: Balance to date this year: $ 16.4 billion less, current assets: $ 72.8 billion
4. Bernard Arnault: balance sheet so far this year: $ 33.3 billion less, current assets: $ 72 billion
5. Mark Zuckerberg: balance sheet so far this year: $ 14.9 billion less, current assets: $ 63.5 billion
6. Steve Ballmer: Balance sheet so far this year: $ 2.24 billion more, current assets: $ 60.4 billion
7. Larry Page: balance sheet so far this year: $ 6.9 billion less, current assets: $ 57.6 billion
8. Larry Ellison: Balance to date this year: $ 1.6 billion less current assets: $ 57.2 billion
9. Sergey Brin: balance sheet so far this year: $ 6.8 billion less, current assets: $ 55.9 billion
10. Rob Walton: Balance to date this year: $ 1.3 billion more, current assets: $ 55.5 billion

Cover image: Getty Images