Hurun Special Report On ‘Wealth Impact 4Mths After COVID-19 Outbreak'


BIGGEST WINNERS: JEFF BEZOS OF AMAZON SAW WEALTH SHOOT UP INR 1,51,000 CRORE TO INR 12,08,200 CRORE IN 4MTHS SINCE COVID-19 OUTBREAK. ANOTHER E-TAILER HUANG ZHENG, 40, OF CHINESE ECOMMERCE GIANT PINDUODUO, WAS SECOND BIGGEST WINNER, UP INR 1,28,400 CRORE, DOUBLING WEALTH TO INR 2,64,300 CRORE. BEZOS ADDED INR 53 CRORE AN HOUR EVERY HOUR FOR THE PAST FOUR MONTHS

GIOVANNI FERRERO, 55, SCION OF ITALIAN CHOCOLATE PRODUCERS THAT MAKE KINDER SURPRISE, NUTELLA AND FERRERO ROCHER, SAW WEALTH RISE INR 60,400 CRORE TO INR 3,17,200 CRORE

ELON MUSK, 48, UP INR 52,900 CRORE TO INR 4,00,200 CRORE, ON BACK OF TESLA SHARE RISE TO BECOME WORLD’S MOST VALUABLE CAR COMPANY

BIGGEST WINNERS OF COVID-19 FROM HURUN TOP 100 WERE ONLINE RETAILERS, PHARMACEUTICALS AND HOME IMPROVEMENT RETAILERS AS WELL AS CHOCOLATE, SOYA SAUCE AND PORK PRODUCERS

fastest increase: CHINA-BORN ERIC YUAN ZHENG, 50, OF POPULAR CALIFORNIA-BASED VIDEO CONFERENCING APP ZOOM SAW WEALTH TRIPLE FROM INR 34,000 CRORE TO INR 98,200 CRORE, UP FROM 555th TO TOP 150 IN WORLD

“even after his divorce, Jeff Bezos is INR 4,53,100 CRORE richer than BILL GATES, the BIGGest ever difference between the world’s Top Two,” said Hoogewerf.

WORLD’S TOP 100 BILLIONAIRES CLAW BACK ALMOST ALL LOSSES IN SECOND TWO MONTHS OF COVID OUTBREAK, AFTER INR 30,80,900 CRORE LOSS IN FIRST TWO MONTHS. DOWN ONLY 2% IN FOUR MONTHS

‘VACCINE KING’ CYRUS POONAWALLA OF SERUM INSTITUTE OF INDIA, UP 25% AND 57 PLACES TO INR 1,13,300 CRORE AND 86TH PLACE, ON BACK OF COVID-19 VACCINE DISTRIBUTION AND MANUFACTURING POTENTIAL

V-SHAPED RECOVERIES: MUKESH AMBANI OF RELIANCE SAW WEALTH BOUNCE BACK INR 1,35,900 CRORE IN LAST TWO MONTHS, AFTER LOSING INR 1,43,500 CRORE IN FIRST TWO MONTHS AFTER OUTBREAK, TAKING HIM TO 8TH PLACE IN THE WORLD. SIMILARILY, MARK ZUCKERBERG SAW WEALTH DROP INR 98,200 CRORE IN FIRST TWO MONTHS OF OUTBREAK, BUT THEN CLAW BACK INR 98,200 CRORE, TO TAKE HIM TO 4TH IN THE WORLD.

BY COUNTRY, USA HAS 36%, UP 1%, OF THE HURUN GLOBAL TOP 100, FOLLOWED BY CHINA ON 24%, UP 2% ON FOUR MONTHS AGO.

BIGGEST LOSERS: WARREN BUFFETT AND BERNARD ARNAULT LOST INR 1,35,900 CRORE EACH, FOLLOWED BY CARLOS SLIM DOWN INR 1,28,400 CRORE EQUIVALENT TO INR 45 CRORE AN HOUR OVER 4MTHS. 14 INDIVIDUALS LOST MORE THAN INR 37,800 CRORE.

OTHER BIG RISERS INCLUDE CHINESE ‘SOYA SAUCE KING’ PANG KANG, 58, OF HAITIAN, UP 36% OR INR 30,200 CRORE TO INR 1,13,300 CRORE.

LEADING AUTHORITY ON GLOBAL WEALTH RELEASES SPECIAL REPORT ON WEALTH IMPACT 4MTHS AFTER COVID-19 OUTBREAK


23 June 2020, Shanghai, Mumbai and Oxford. Hurun Research today released Wealth Impact 4mths after Covid-19 Outbreak, a special report looking into wealth changes of the world’s most successful entrepreneurs in the four months ending 31 May 2020. This special report follows on from the Wealth Impact 2mths after Covid-19 Outbreak looking into wealth changes in the two months ending 31 March 2020 and the Hurun Global Rich List 2020, which had a wealth cut-off of 31 January