Ten billionaires, led by Elon Musk, Dan Gilbert and Jeff Bezos, received more than $ 53 billion in funding

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^THow the Dow Jones and the S&P 500 remained almost flat the week through Friday, with 10 billionaires’ fortunes rising to an astonishing $ 53.4 billion over the same period, which saw a symbolic milestone on Tuesday: the S&500 an all-time high. Reached the high, marking the complete reversal of losses after the stock market crashed in March.

The week’s biggest benefactor is Elon Musk, founder and CEO of Tesla, who on Monday acquired the title of fifth richest person in the world after an analyst upgrade, citing a boom in Chinese electric vehicle demand. Tesla’s stock has gained more than 24% in the past week, raising Musk’s total assets by $ 15 billion. He finished on Friday with a fortune of $ 91.7 billion, an all-time high for Musk. His California-based Palo Alto company became the world’s most valuable carmaker earlier this year and also surpassed Walmart in market cap on Friday.
Mortgage tycoon Dan Gilbert has the week’s biggest profit percentage-wise. Two weeks after Gilbert’s networth began a six-fold increase in net worth, the shares of Rocket Companies — the parent of the nation’s largest home mortgage lender, Quick Loans — climbed 37% this week, up. Continue his tears towards Gilbert’s fortune includes $ 13 billion, only $ 4 billion on Friday. The Detroit resident, who founded Rocket Companies (then called Rock Financial) in 1985, is now valued at $ 53.5 billion; He finished on Friday as the world’s 20th richest person, including Mexican telecom magnate Carlos Slim Helu, who was the richest person on the planet for many years until officially overtaken by Bill Gates in 2013.

All 10 of the week’s biggest beneficiaries owe their fortunes to the fast-growing tech stocks – most of which are S&P 500 components. Jeff Bezos and his ex-wife, McKenzie Scott, for example, were the third and seventh biggest gainers, $ 7.6 billion and $ 2.6 billion, respectively. Although Amazon stock closed until Friday, the shares ended the week up 4% and hit a new all-time high on Tuesday. Shares are up over 70% in 2020, and Bezos now has a fortune of $ 196.3 billion.
Only two non-US billionaires are among this week’s top beneficiaries. A Richard E. Liu Hai, the Chinese e-commerce chief, often dubbed “China’s Jeff Bezos”. CEO of Beijing-based JD.com, Liu has added $ 2.6 billion to his fortune since last Friday. Shares of his Nasdaq-listed company jumped 21% this week after Monday’s earnings report that revenue jumped more than 33%. $ 28.5 billion in the second quarter. The firm made part of its spectacular run to the success of its shopping holiday 618, which extends the first 18 days of June. This year, the firm did about $ 40 billion in transactions, a 30% increase from the previous year. JD.com shares closed at an all-time high on Friday, and Liu now stands at $ 16.1 billion. Lei Jun, president and president of popular Chinese smartphone maker Xiaomi, is the single largest beneficiary from outside the US 50. -year-old is up $ 2.6 billion to $ 17.2 billion this week.

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Here are 10 billion, which have been prepared for the first of this week.

The net price change is from Friday, August 14 to Friday, August 21.

Total value | $ 91.7 billion, UP $ 15 billion

Country | United States of america

Sources of funds | TESLA Motors, SPACEX

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Total value | $ 53.5 billion, UP $ 13 billion

Country | United States of america

Sources of funds | Quickin loans

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Total value | $ 196.3 billion, UP $ 7.6 billion

Country | United States of america

Sources of funds | Amazon

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Total value | $ 70.2 billion, UP $ 2.8 billion

Country | United States of america

Sources of funds | Google

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Total value | $ 16.2 billion, UP $ 2.7 billion

Country | China

Sources of funds | Ecommerce

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Total value | $ 68.3 billion, UP $ 2.7 billion

Country | United States of america

Sources of funds | Google

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Total value | $ 62.2 billion, UP $ 2.6 billion

Country | United States of america

Sources of funds | Amazon

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Total value | $ 17.2 billion, UP $ 2.6 billion

Country | China

Sources of funds | Smartphones

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Total value | $ 73.5 billion, UP $ 2.3 billion

Country | United States of america

Sources of funds | Software

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Total value | $ 98.1 billion, UP $ 2.1 billion

Country | United States of america

Sources of funds | Facebook

Photo by AFP / Getty Images.

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