Despite Market Plunge, These 10 Billionaires Gained $23 Billion This Week

  • 📰 Forbes
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Despite the market plunge, these 10 billionaires gained $23 billion this week:

of an internal memo in which Musk told employees it was"time to go all out" and bring the firms' semi commercial truck to volume production, though he didn't specify a time frame for doing so. In the week through Thursday, Musk’s fortune rose $3.4 billion to $41.5 billion.

The CEO of one of the world's largest makers of the batteries powering these electric cars is also among the week's biggest gainers.founded China-based Contemporary Amperex Technology in 2011, and this week his fortune is up $1.2 billion. On Thursday CATL, a supplier for Toyota, Volkswagen and Tesla, announced the launch of an electric vehicle battery designed to last up to 16 years, sending shares soaring 5%. Zeng ended the day with a $13.4 billion net worth.

The remaining top 10 gainers are based in Asia, namely China and South Korea, where markets weathered the Thursday crash. All of them draw their fortunes from industries booming during the coronavirus pandemic. , the founder of Chinese e-commerce giant Pinduoduo and China's third-richest person, is worth $2.7 billion more in the past week. His fortune has nearly doubled during the pandemic., the founder of South Korea-based Celltrion Group, is $1.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Это новость дня

I will design modern flat minimalist business logo Logo

I’m plunging in a fine pussy.

Ahhhhhh.... meritocracy alive and well

How come twitter only gives me a 'read the article' notice when it's something about rich people? Like 'are you sure you wouldn't agree they deserve billions of dollars for doing nothing once you hear how they did it?!'

There is a reason they are billionaires right, congrats; as we succumb to biothech where no fundamentals apply, no matter what 😆 pump and dump.

Nobody fucken cares Forbes!!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech's big five lost nearly $270 billion in value in Thursday's market plungeShares of Apple dropped 4.8%, while Alphabet closed 4.29% lower. Facebook and Microsoft both lost more than 5% and Amazon dropped 3.38%.
Source: CNBC - 🏆 12. / 72 Read more »

As Colombia eyes pensions, market shuddersColombia's financial market cringed last week when it learned the government was planning to order pension funds to transfer some $7.34 billion worth of contributions to the public retirement fund. Could just be coke withdrawals. Kolpa direk, yazio ustunde iste. California!!! Cal Pension Systems are Headed to BK but Not Due to C-19 Losses? - RecallGavin2020 Scamdemic
Source: Reuters - 🏆 2. / 97 Read more »

Grocer Kroger is the only stock in the S&P 500 that gained amid Thursday's market rout (KR) | Markets InsiderShares of Kroger gained 0.4% on Thursday when analysts at BMO boosted their price target for the company. The same day, the S&P 500 shed 5.9% a...
Source: BusinessInsider - 🏆 729. / 51 Read more »